The Definitive Amex 3X CLI Guide

[MustangSaluki]

Carrying Balance vs PIF & Other Utilization Factors

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This section is a work in progress. 

• To see how charge cards affect credit scores, please check Post 204
• Amex clearly dislikes carrying balance. Check Post 189 to see more details and the official reason for denial as "one or more payments received in the past 12 months on your american express account were too low given the outstanding balance and repayment history"

Change Log
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06/23/2013: All changes since last update marked in RED

• Added method to check Amex softs in official EX report
• Added time and date calculator
• Added verbiage to 7-10 message section to reflect recent experiences.
• Modified CLI > 3X point in generic CLI guidelines.
• Modified verbiage for moving credit limits to reflect 13 statement cycles for donor account only. Added links on how to move credit limits and restriction clause to move limits between personal and business cards.
• Added a new work-in-porgress Carrying Balance vs PIF section.

03/30/2013: "Letter in 7-10 business days" interpretation added in "What happens if you are denied CLI?" section thanks to Revelate

03/29/2013: Modified verbiage on method (c) to find account eligibility date, corrected some typos, added new 4506T section, updated generic CLI guidelines.

01/26/2013: a) Added section "Some Generic CLI Guidelines") b) Added pic for another way to access CLI online c) Modified verbiage in "What happens if denied CLI".

01/14/2013: Minor edits in formatting and ready for sticky.

01/13/2013: Initial document. Changes incorporated via posts from bradpitt (GEMB), OptimasPrime (cropped pic) and Walt_K (4506T documentation)

[Uborrow-Upay]

Nice job, MustangSaluki! 

[tennisfan78]

Great information, Thank you!!!!!

[Anarchy]

So in my example, if my calculations are correct, would be March 3rd 2013?

[getmycreditright]

Thanks to this handy guide, I was able to get my 3x CLI today. My initial CL was $2500 and I was just approved for $7500 making this my first CL over $5k!

[MustangSaluki]

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@Revelate wrote:

OK we're going to try something new, may not work so bear with us .

Going to link to this thread from the other thread; this one will be used for discussions going forward in attempts to keep the sticky item clean.

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Thanks Rev. This looks great. 

[ceemee2203]

Ok, I have a question about counter offers, can you get a counter offer online or only by phone?

[MustangSaluki]

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@Anarchy wrote:

So in my example, if my calculations are correct, would be March 3rd 2013?

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 If your first statement has not been cut then your calculations are right. 

Account open date = Jan 1.

Completetion of 60 days is on March 2nd (30+28+2), so March 3rd is correct.

[MustangSaluki]

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@getmycreditright wrote:

Thanks to this handy guide, I was able to get my 3x CLI today. My initial CL was $2500 and I was just approved for $7500 making this my first CL over $5k!

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Congrats!

[MustangSaluki]

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@ceemee2203 wrote:

Ok, I have a question about counter offers, can you get a counter offer online or only by phone?

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Both process work the same way. If anyone has recently experienced anything different please let us know.