@Anonymous wrote:Sweet, nice 3X CLI. You should be able to grow that card nicely. Don't be shy in going for $18k the next time you request!
Is there a limit on the amount you can get approved for using the 3x request?
@Anonymous wrote:Signed up to share my experience getting limits above 24-25k without tax forms, since that info gets a little buried in this thread.
Background; 2 players, 2 BCE cards
~1st player; 800+ fico, has been 850 at times.
~2nd player; 750-805 fico, no negative strikes, just lack of credit history.
First things first, use the 3x rule every 6 months to get your limit to 24-25k. This seems to be the first limit.
~1st player CLI; 24.5k -> 34.5k -> 39k (forgot to try 39.5) Shows 43k due to a cruise refund, will be interesting if that helps the next CLI.
~2nd player CLI; 24k -> 34k -> 39k
The denial, and the BACK button. When you request too high and get the screen that says "A letter with our decision will be mailed in 7-10 days", hit the browser BACK button to get back to the account services page. Then request another lower CLI. The first time I did this I was at 24k and went for 3x = 72k, then 71k, 70k, -1k each request just to make sure I wasn't leaving CLI on the table. You will get about 50 letters in the mail for each denial.
Thank you for this thread and I hope this helps someone. If anyone has limit help above where we are at, I'd love to hear it. But I'm guessing I might be stuck at 5k CLI from here on out. What are the limits people have received giving AMEX your tax info? What is the highest without?
Do you think it matters whether you are carrying a balance or not when requesting?
@Repairman wrote:
@Anonymous wrote:Signed up to share my experience getting limits above 24-25k without tax forms, since that info gets a little buried in this thread.
Background; 2 players, 2 BCE cards
~1st player; 800+ fico, has been 850 at times.
~2nd player; 750-805 fico, no negative strikes, just lack of credit history.
First things first, use the 3x rule every 6 months to get your limit to 24-25k. This seems to be the first limit.
~1st player CLI; 24.5k -> 34.5k -> 39k (forgot to try 39.5) Shows 43k due to a cruise refund, will be interesting if that helps the next CLI.
~2nd player CLI; 24k -> 34k -> 39k
The denial, and the BACK button. When you request too high and get the screen that says "A letter with our decision will be mailed in 7-10 days", hit the browser BACK button to get back to the account services page. Then request another lower CLI. The first time I did this I was at 24k and went for 3x = 72k, then 71k, 70k, -1k each request just to make sure I wasn't leaving CLI on the table. You will get about 50 letters in the mail for each denial.
Thank you for this thread and I hope this helps someone. If anyone has limit help above where we are at, I'd love to hear it. But I'm guessing I might be stuck at 5k CLI from here on out. What are the limits people have received giving AMEX your tax info? What is the highest without?
Do you think it matters whether you are carrying a balance or not when requesting?
Reporting a balance, probably not so much especially if there is an established track record with AMEX of allowing a balance to report and then PIF. Carrying a balance, likely.
To answer the questions posed about the most likely threshold to trigger a 4506-T request , emperically it appears to be $35K although the actual number would be based on one's individual profile as well as spending/payment habits.
@coldfusion wrote:
@Repairman wrote:
@Anonymous wrote:Signed up to share my experience getting limits above 24-25k without tax forms, since that info gets a little buried in this thread.
Background; 2 players, 2 BCE cards
~1st player; 800+ fico, has been 850 at times.
~2nd player; 750-805 fico, no negative strikes, just lack of credit history.
First things first, use the 3x rule every 6 months to get your limit to 24-25k. This seems to be the first limit.
~1st player CLI; 24.5k -> 34.5k -> 39k (forgot to try 39.5) Shows 43k due to a cruise refund, will be interesting if that helps the next CLI.
~2nd player CLI; 24k -> 34k -> 39k
The denial, and the BACK button. When you request too high and get the screen that says "A letter with our decision will be mailed in 7-10 days", hit the browser BACK button to get back to the account services page. Then request another lower CLI. The first time I did this I was at 24k and went for 3x = 72k, then 71k, 70k, -1k each request just to make sure I wasn't leaving CLI on the table. You will get about 50 letters in the mail for each denial.
Thank you for this thread and I hope this helps someone. If anyone has limit help above where we are at, I'd love to hear it. But I'm guessing I might be stuck at 5k CLI from here on out. What are the limits people have received giving AMEX your tax info? What is the highest without?
Do you think it matters whether you are carrying a balance or not when requesting?
Reporting a balance, probably not so much especially if there is an established track record with AMEX of allowing a balance to report and then PIF. Carrying a balance, likely.
To answer the questions posed about the most likely threshold to trigger a 4506-T request , emperically it appears to be $35K although the actual number would be based on one's individual profile as well as spending/payment habits.
So, I took the plunge today, and requested an increase from $19,000 to $34,500 and received the "You will receive notice of our decision in the mail within 7-10 business days" message. I then did what I learned in this thread, hit the back button, and made another request, this time, lowering my amount to $30,000 and I was instantly approved! Woo hoo! Also, as another data point, I am currently carrying a $5000 balance.
