Seeking: AMEX CLI Ask Expertise

[Anonymous]

I have some CLI questions for the Amex aficianados:

Current AMEX Cards & CLI History: 

Personal Card1: Iss 7/18   SL 500     Auto CLI to CL1000

Personal Card2: Iss 1/19   SL 1000   CLI to 2000 (6/19)   CLI to 4000 (12/19)

Business Card1: Iss 7/19   SL 2000

Business Card2: Iss 1/20   SL 9000

My next CLI ask isn't available until June but I've gotten a 0% BT offer on Business Card2 and I'm thinking of loading it up. If I do that, I'll be in no hurry to pay it down. 

Question 1: just generally speaking, ask 3x on Business Card2 because it offers the most CLI upside?

Question 2: will having BusinessCard2 50% utilized negatively affect the UW decision?

Question 3: is there an argument for asking 3x on Personal Card2 (and play it "safe")?

Any other comments appreciated. Thanks.

[simplynoir]

A1: It will offer the most upside as far as CL is concerned but a few things to keep in mind. A business limit cannot be allocated to a personal card with AMEX so whatever limits you have there will be "stuck" on those group of business cards. In addition those biz card limits are taken into consideriation when evaluating how much credit AMEX is willing to extend a customer as well. So your credit ceiling will presumably be reached quick if you decide to go for an increase on P1 or P2 sometime down the line

A2: No and yes. We've seen reports of people being approved for CLIs with AMEX with moderate utilization on the card they're requesting the increase on but it would probably help if you've shown you are paying it down at least a few times more than the minimum required to keep it in good standing

A3: Not really. If you need a bigger limit on B2 to take into account the balance that you want BT over to the card I'd do that one and deal with everything else later. Perhaps once the balance is paid off you consider changing some limits but not now.

[Anonymous]

Good stuff, sn. Much appreciated.

I had no idea you could not move credit limits across personal/business lines. Your other answers make good sense as well.

[simplynoir]

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@Anonymous wrote:

Good stuff, sn. Much appreciated.

I had no idea you could not move credit limits across personal/business lines. Your other answers make good sense as well.

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Quite honestly I don't know if there are any banks that allow business -> personal allocations. Going from personal -> business on credit allocations is fine though with AMEX. I just figured you'd want to get the BT done as a priority to get the increase on there and deal with maybe decreasing limit on the B2 later to make room for P1 and P2 in the future. Or perhaps that's not needed if your income will support all that action

[Anonymous]

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@simplynoir wrote:

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@Anonymous wrote:

Good stuff, sn. Much appreciated.

I had no idea you could not move credit limits across personal/business lines. Your other answers make good sense as well.

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Quite honestly I don't know if there are any banks that allow business -> personal allocations. Going from personal -> business on credit allocations is fine though with AMEX. I just figured you'd want to get the BT done as a priority to get the increase on there and deal with maybe decreasing limit on the B2 later to make room for P1 and P2 in the future. Or perhaps that's not needed if your income will support all that action

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Your thought processes seem perfectly fine to me. Another scenario -- perhaps too creative -- I had not included: 

What if I were to move 2k from P2 to B2 prior to requesting CLI?

Now the ask increases from 27k to 33k. My thinking is if they grant the 2x I've gotten these last two times, I've now got a 22,000 CL vs. 18,000. (thinking aloud: I suppose I could even move over 3K, BUT, if I can't ever move the CL back to the personal cards, the pace of their growth will be snail-like). 

[simplynoir]

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@Anonymous wrote:

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@simplynoir wrote:

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@Anonymous wrote:

Good stuff, sn. Much appreciated.

I had no idea you could not move credit limits across personal/business lines. Your other answers make good sense as well.

---

Quite honestly I don't know if there are any banks that allow business -> personal allocations. Going from personal -> business on credit allocations is fine though with AMEX. I just figured you'd want to get the BT done as a priority to get the increase on there and deal with maybe decreasing limit on the B2 later to make room for P1 and P2 in the future. Or perhaps that's not needed if your income will support all that action

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Your thought processes seem perfectly fine to me. Another scenario -- perhaps too creative -- I had not included: 

What if I were to move 2k from P2 to B2 prior to requesting CLI?

Now the ask increases from 27k to 33k. My thinking is if they grant the 2x I've gotten these last two times, I've now got a 22,000 CL vs. 18,000. (thinking aloud: I suppose I could even move over 3K, BUT, if I can't ever move the CL back to the personal cards, the pace of their growth will be snail-like). 

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And that's the crux of the issue right there. The only way to get out of small limit hell on the personal cards side would be either auto CLIs or applying for a new personal card which you can move the limits around your needs and if after a 3X CLI request even better

[Anonymous]

My apologies, I addressed this in another thread and slipped my  mind about not being able to move BIZ to personal.

The problem with moving any CL to another card before the CLI, it that there's no guarantee you'll get the 3X increase. 

They will give you what they are compfortable with "at this time".

Option1: Requesting CLI on BIZ2 will allow you to move partial CL to BIZ1, thus lowering UT.

This scenario will not help you with personal limits for now, you'll have to wait another 181 days for that. 

Option2: You could take the chance on the Pers2 at $4K, in hopes to triple that limit to $12K. Then you could move the CL wherever you wish, but potentially less than option 1. 

Definitely a tough choice, but you have to decide what's more important ATM. BIZ or Personal limits. I don't know what the endgame goal is here, trying to lower UT or just trying to improve your CLI chances? In my case UT didn't affect CLI or new apps with Amex.

So I would likely go for the 3X on BIZ2 to get most bang for my buck. Then use that increase to lower UT, if it really means anything at all.

Others have commented that they have been maxed for several months no issue. IDK

However, if I didn't have as many personal card with higher limits. Then i would probably go with opton 2.

[Anonymous]

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@Anonymous wrote:

... So I would likely go for the 3X on BIZ2 to get most bang for my buck ...

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That's how I'm leaning. I was wondering if I was missing something obvious you AMEX folks would know (like sn pointed out with moving CL) and I do not. 

Thanks for the help.