The Definitive Amex 3X CLI Guide

[Ivylicious1908]

I pulled the trigger as well at 63 days and was denied. But my only message was too short. I waited 30 more days and got the 3X increase.

[Deuter]

Congrats on the increase Ivy!

In about a week i have to ask for my $5,000 CLI increment on my $35K No AF HH. Will post what happens, i am expecting to get to the 40K. Card has only seen $50 in purchases on the past 6 months but i am expecting it will go through. Let's see. 

[Anonymous]

Hello, MyFico 

So here we go..

Got my first Amex card ..Delta skymiles platinum..cl $1700 

I got the platinum for the 70k and $100Ac. In first 3 mo.

I have been using it as my go to card. My first billing statement is march 19th.

I got a close to limit email yesterday.

$1451 of $1700 with $983 posted.

So i paid the posted amount. Available balance back to over $1200..end of day $1004..

So at this rate i should have my promo amount by march 1st and still have about 3k to spend before the 15th. So i will be 250%+ of limit before statement on the 19th and will pay in full by the 15th or sooner depending on how long the payments take to process.

So being a new member to Amex what would be a time frame for me to ask for a CLI. 6mo's or should i wait to have a year as a member?

Because i know my initial CL is in the red zone. But usage will be around 3-4k a month. And my scores should be over 700 soon.

[coldfusion]

There is an active thread here that specifically discusses the when and how to ask for a CLI on new AMEX accounts.   I recommend you read it and follow up there with any questions you have.

https://ficoforums.myfico.com/t5/Credit-Card-Applications/The-Definitive-Amex-3X-CLI-Guide/m-p/18110...

[BrooklynDrip]

Quick question. Will my utilization on other accounts negatively impact my chances on getting the 3x? So I’m coming up on my 61 day shortly on my Cash Magnet card, $1k SL. I also recently got my first biz card also CM, $2k limit. Currently my utilization is kinda high on two of my four cards, with 62% on CM, about the same on Discover. Should I pay down any of these accounts before asking for the increase?

[Anonymous]

Generally speaking, I'd say lower reported utilization is better when asking for CLIs.  If you're talking Amex accounts where they are able to see your spend/payment pattern, if you're paying your statement balance in full monthly I would say it's not a big deal to have higher reported utilization... but if you're carrying a balance it definitely isn't a great look.

[BrooklynDrip]

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@Anonymous wrote:

Generally speaking, I'd say lower reported utilization is better when asking for CLIs.  If you're talking Amex accounts where they are able to see your spend/payment pattern, if you're paying your statement balance in full monthly I would say it's not a big deal to have higher reported utilization... but if you're carrying a balance it definitely isn't a great look.

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I’m currently in my 0% APR promo period, that’s why I have a balance, but I make multiple payments throughout the month. But that probably doesn’t matter, huh?🤔

[Anonymous]

@BrooklynDrip this happened to me. I was in the 0% APR on my Everyday card and I tried for a CLI and was denied. They said my payments weren't high enough. But my 0% APR was just about to expire and I PIF then a few days later I got my CLI. I left some money on the table by only asking for 2.5x instead of 3x but it's fine! I have way too much credit...just keeping it for utilization padding. Once u pay everything off, you should be ok to get the CLI. 

[BrooklynDrip]

@ MusicLovah7 ok then. I’ll wait a few weeks, pay down my balances and also get my CM way lower before I ask for the 3x. Better to be patient than pulling the trigger without putting my best foot forward.

Thanks everyone!

Edit: actually just PIF my CM.

Another question, my Macy’s store card recently got a CLI increase of $2k to $4k. Should I wait for that to update to the CRs prior to requesting the CLI for Amex? I’m assuming that should work even more to my favor?

[Anonymous]

My question is does this apply to new members to Amex with no past history with them? How many statements in should i be with only $1700 CL AKA training wheel acct. My first statement will be close to 150%to 200% of my limit. 

I have paid $1500 when i got my close to limit notice..(rest still pending)