Should I plan on 3x CLI AMEX?

[Anonymous]

I'm scared so much of a FR since I'm self employed and a college student, but I need my credit report to look as amazing as possible for my mortgage application. Since I have a 10k limit on my AMEX (I also have a green card), can I ask for 20k or is that just asking for it? Also, will opening up a mortgage, a car loan, and two student loans trigger it? I know I'm probably overthinking it, but I don't want to go through it since I have weird income.

Thanks!

[Anonymous]

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@Anonymous wrote:

I'm scared so much of a FR since I'm self employed and a college student, but I need my credit report to look as amazing as possible for my mortgage application. Since I have a 10k limit on my AMEX (I also have a green card), can I ask for 20k or is that just asking for it? Also, will opening up a mortgage, a car loan, and two student loans trigger it? I know I'm probably overthinking it, but I don't want to go through it since I have weird income.

Thanks!

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I went from $12K to $22K like nothing- it was instant approved. Of course, it depends what you last SP was and income...

[Anonymous]

I have an income of 35k, give or take a little bit. I have 16.1k total credit right now.

[Anonymous]

Hey dude. It's doubtful you'd get FRed for requesting a CLI. You might get asked to send in a 4506-T but that's not an FR. I went from $10,000 to $25,000 on my SPG card without being asked for anything. It wasn't instant though. I got a 7-10 day message and was approved 2 hours later.

[Anonymous]

Don't ask for more than $25K.  AMEX seems liberal enough up to $25K, after that they start asking for paperwork.

[disdreamin]

Not necessarily true about paperwork above $25k. They might ask, but they might also instantly approve you.

[Anonymous]

So if I ask for 20k I should be alright? It won't draw too much attention? 

Thanks for all the help guys! I appreciate it

[ojefferyo]

do 25k

[abhowmick18]

Anything under 25k you should be fine. Try asking for around 20-22k and if they approve you then great! if not then they're counter offer with still a significant offer. 

Hope it works out for you!

[chalupaman]

Just go for the limit you want and they'll probably counteroffer. No big deal. I heard it's different if you ask for more than 25k though so I'd be more cautious there.