The Definitive Amex 3X CLI Guide

[Anonymous]

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I think 7-10 denials happen when you have major derogs, carrying high balance/UTI, approved with a low bucketed limit or when you hit your internal limit. I was denied 2 straight times on my now closed BCP ($15k) because I had total of $45k across 3 different cards, I was counter offered $700 on the third try when I asked for 2x CLI of $30k.

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OM, what do you feel is your constraint to a potential internal limit of $45k?  Do you think it's income-related, or something related to your credit profile?  I ask because there are of course people out there with > $45k in limits across their Amex cards, so I'm just curious from your standpoint what you think capped you out.

[Anonymous]

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@Anonymous wrote:

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I think 7-10 denials happen when you have major derogs, carrying high balance/UTI, approved with a low bucketed limit or when you hit your internal limit. I was denied 2 straight times on my now closed BCP ($15k) because I had total of $45k across 3 different cards, I was counter offered $700 on the third try when I asked for 2x CLI of $30k.

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OM, what do you feel is your constraint to a potential internal limit of $45k?  Do you think it's income-related, or something related to your credit profile?  I ask because there are of course people out there with > $45k in limits across their Amex cards, so I'm just curious from your standpoint what you think capped you out.

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My profile is near perfect as you know, the only factor keeping me from 850 is probably AAoA of 4 yr 1 month, the reason for hitting internal limit is probably my reported income of 65k. BCP has since been closed and limit moved to BCE at total CL $24.7k, my next request date is coming up on 11/26/18, I'm probably going to request 35k and see what happens.

[Anonymous]

MarkyMarkNYC:
All online requests. Yes, I waited longer (though it didn't help)
1st request: ~ 123 days
2nd request: ~ 132 days later
3rd request: ~ 161 days later

[Anonymous]

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@Anonymous wrote:

They will look more at your previous statement balance IMO than your current balance.  $4500 against a $12k limit isn't terrible and so long as you were making big payments (PIF is ideal) you'd be seen as a responsible borrower.  There are people out there that are at 50%-60% or more utiization reported per cycle that always PIF that are viewed as less risky borrowers than someone that's at 25% utilization, but is carrying that balance and only making small payments every month.  Whether or not the program making a split-second CLI decision when you click submit looks at your current balance is arguable.  I'm sure it's considered to some degree, but definitely not as strongly as your previous statement balance and your last EX score pull. 

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One more question.... LoL....Anyway, when I request my 3X CLI, I should do it online through my acct, righ? Or should I call? Also, Should I request exactly 3X my CL? or  little more? My CL is $11.8k, what should I request? 35.4k is exactly 3X.

Thanks

M

[Anonymous]

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My profile is near perfect as you know, the only factor keeping me from 850 is probably AAoA of 4 yr 1 month, the reason for hitting internal limit is probably my reported income of 65k. BCP has since been closed and limit moved to BCE at total CL $24.7k, my next request date is coming up on 11/26/18, I'm probably going to request 35k and see what happens.

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Gotcha and agreed on AAoA being your contraint to 850.  How far off are you currently?  I bet your about 2 years, 2.5 tops away from your AAoA being great enough.  I'd be curious to see your AAoA threshold points along the way... perhaps 4.5 years, 5.5 years, 6.5 years.  I wonder if there are thresholds at the whole numbers (not just the half way points) as well?  From what I've seen, the thresholds seem to only be about 4-5 point each, so are your scores in the 825-830 range or so now?

[Anonymous]

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@Anonymous wrote:

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My profile is near perfect as you know, the only factor keeping me from 850 is probably AAoA of 4 yr 1 month, the reason for hitting internal limit is probably my reported income of 65k. BCP has since been closed and limit moved to BCE at total CL $24.7k, my next request date is coming up on 11/26/18, I'm probably going to request 35k and see what happens.

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Gotcha and agreed on AAoA being your contraint to 850.  How far off are you currently?  I bet your about 2 years, 2.5 tops away from your AAoA being great enough.  I'd be curious to see your AAoA threshold points along the way... perhaps 4.5 years, 5.5 years, 6.5 years.  I wonder if there are thresholds at the whole numbers (not just the half way points) as well?  From what I've seen, the thresholds seem to only be about 4-5 point each, so are your scores in the 825-830 range or so now?

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EX-829 TU-841 EQ-827 with AZEO, EX-829 TU-834 EQ-823 with 6/6 cards reporting naturally. No points when AAoA crossed 4 years, will be paying close attention to 4.5/5/5.5/6/6.5. AoOA is 15 years and 3 months, should be a few points hidden there as well as it ages some more. Another factor is my mortgage (oldest and only installment loan) currently sits at $50k/$165k, waiting to see if I get anything when it drops below 30% after next payment.

[Anonymous]

My 61 days comes on the 26th.....just checked for pre-approvals out of curiosity and I have a pre-approval for every single card and just a week ago I had none. I'm going to take this as a darn good sign I'll get some AMEX lovin' soon. Gonna go BBS on it and request the full amount and back down in 1k increments unless I get an outright denial or counter. Crossing fingers.

[Anonymous]

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EX-829 TU-841 EQ-827 with AZEO, EX-829 TU-834 EQ-823 with 6/6 cards reporting naturally. No points when AAoA crossed 4 years, will be paying close attention to 4.5/5/5.5/6/6.5. AoOA is 15 years and 3 months, should be a few points hidden there as well as it ages some more. Another factor is my mortgage (oldest and only installment loan) currently sits at $50k/$165k, waiting to see if I get anything when it drops below 30% after next payment.

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I'll be curious if you do as well.  Many believe that maximum scoring benefit may be achieved with a mortgage-only installment loan on file when utilization is around 70% or so.  I know when I first saw my 850 scores, my only installment being a mortgage sat at around 75%.

[Anonymous]

I'll report back.

[Anonymous]

I’m almost up to my 61 day since account opening. I called Amex the rep said she doesn’t know such increase. She said the earliest is 6 months after opening.

Any thoughts??