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New Amex card AFTER credit limit increase?

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pinkandgrey
Senior Contributor

New Amex card AFTER credit limit increase?

If I get a CLI on my BCE, will that kill my chances of getting approved for the Cash Magnet? 

 

Thanks!

Discover It: 21.5k
Amex Cash Magnet: 18k
Fidelity Visa: 16.5k
Apple Card: 4.25k
11 REPLIES 11
Caught750
Valued Contributor

Re: New Amex card AFTER credit limit increase?

Nope, I believe you'll likely get a better SL on it!
PERSONAL; Amex | AOD FCU | BBVA | BECU | Capital 1 | Chase | Citi | Discover | Key | NFCU | PSECU | SECU MD | Synchrony | US Bank
BUSINESS; Amex | Citi
F8 Current F8s ~750 Best Ever F8s ~775
TOTAL PERSONAL CL > $350k and TCL > $365k
Message 2 of 12
Anonymous
Not applicable

Re: New Amex card AFTER credit limit increase?

Not necessarily; as stated in the previous response, it may actually enhance! Are you prequal?

Message 3 of 12
pinkandgrey
Senior Contributor

Re: New Amex card AFTER credit limit increase?


@Anonymous wrote:

Not necessarily; as stated in the previous response, it may actually enhance! Are you prequal?


Yes, I am!

Discover It: 21.5k
Amex Cash Magnet: 18k
Fidelity Visa: 16.5k
Apple Card: 4.25k
Message 4 of 12
Caught750
Valued Contributor

Re: New Amex card AFTER credit limit increase?

Only one way to find out. Let us know!
PERSONAL; Amex | AOD FCU | BBVA | BECU | Capital 1 | Chase | Citi | Discover | Key | NFCU | PSECU | SECU MD | Synchrony | US Bank
BUSINESS; Amex | Citi
F8 Current F8s ~750 Best Ever F8s ~775
TOTAL PERSONAL CL > $350k and TCL > $365k
Message 5 of 12
pinkandgrey
Senior Contributor

Re: New Amex card AFTER credit limit increase?


@Caught750 wrote:
Only one way to find out. Let us know!

I will! I still have a couple days to go before I’m eligible for another CLI on my BCE. 

Discover It: 21.5k
Amex Cash Magnet: 18k
Fidelity Visa: 16.5k
Apple Card: 4.25k
Message 6 of 12
Caught750
Valued Contributor

Re: New Amex card AFTER credit limit increase?

Best of luck on the request!
PERSONAL; Amex | AOD FCU | BBVA | BECU | Capital 1 | Chase | Citi | Discover | Key | NFCU | PSECU | SECU MD | Synchrony | US Bank
BUSINESS; Amex | Citi
F8 Current F8s ~750 Best Ever F8s ~775
TOTAL PERSONAL CL > $350k and TCL > $365k
Message 7 of 12
Ardecko
Frequent Contributor

Re: New Amex card AFTER credit limit increase?

But it will delay your first 3x CLI on the new card. You're only allowed one CLI per 180 days.
2017-09-09 FICO 08: EQ 677, TU 640, EX 705
2020-02-07 FICO 08: TU 789
2020-02-10 FICO 08: EX 752

Gardening, mostly, again until... soon(I need to replace my car)

Message 8 of 12
Anonymous
Not applicable

Re: New Amex card AFTER credit limit increase?

Really curious if you get the Magnet.  I had read where folks were restricted from it due to already having the Blue Cash.  Please post your results.

Message 9 of 12
601flyguy
Established Contributor

Re: New Amex card AFTER credit limit increase?

I apped after my 3x and worked out well for me.
2019 Spend Summary
$944,008 Amex BRG
$91,953 Amex SC
$58,351 Discover It
$50,046 BofA CR
$36,146 Amex PRG
$6,774 Cap1 QS
$963 Amex CM

$1,188,241 Yearly Spend
Message 10 of 12
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