@Anonymous wrote:
@Italiannyc17 wrote:
So since I have 10,000 now, I should ask for 30? I bet they would want income verification for that amount..
You can ask for whatever you want. There's. I way to tell if they will ask for income verification. All I know regarding that is what people have stated based on their own experience, but we're not provided with the reason. Based on the reviews sometimes asking for more than $25k triggers it. Some aren't asked at all and some are asked when requesting less. No one really knows.
I read through this thread carefully before requesting my latest CLI for my AmEx SPG personal. (very helpful, thank you)
And I signed up to add another data point in case it's helpful after the request results.
Requested CLI to 30k and it was approved without requiring income verification.
History:
Account open February 2015, CL $3,500
Requested 60 day CLI in April 2015, got declined
Requested another CLI in August 2015, 3x, got approved, CL $10,500
Automatic CLI was given without request, was notified via email in November 2015, CL $13,500
180 day CLI request today (February 16) from the August date, requested $30k, granted CL $30,000
no verification required
Experian Plus score is currently 669
(Equifax and Transunion are at 683)
I've been using both business and personal SPG accounts though way past the spending limit until I hit a decline due to spending ability, which I discovered for my cards are at 2x the credit limit (so, 27k for the personal when it was at 10.5). I'd sometimes have to "recharge" the card (mid-cycle payment to zero out the balance) so I could spend more on it before one cycle ended (although not recently - see below). So despite the 10.5k CL I've been charging about 25k or more monthly on it. It is just a guess but it could be why the 30k was approved. Of course I'd zero out my balance before each statement cut.
I think I also kind of "trained" my account differently from where I did before. In the beginning, with a low limit, I'd have to go through three or four mid-cycle payments to free up my spending ability before the statement cut, resulting in my charging about 4x the credit limit or more. After a while, I stopped doing that, and once I reached my spending limit, I stopped using the card completely until the statement cut (at which point I'd zero out the balance before statement cut). I was afraid AmEx wouldn't increase my CL since I seemed to be fine with a lower limit since I seemed happy just recharging my card. It was also a hassle doing that so often. I think once I stopped recharging my card and moved on to invest my spend with other cards, they gave me the auto CLI. Nowadays, I rarely re-charge my card unless absolutely necessary; once they won't let me spend any more on the card I just move on to my next card instead of making a mid-cycle payment to use the card more. So it's kind of like if they don't let me spend more with a CLI, they won't get my spend. I'll keep doing this and we will see how it continues to work...
In an ideal world, eventually, I would like to invest my spend with only two cards.
