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The Definitive Amex 3X CLI Guide

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Anonymous
Not applicable

Re: The Definitive Amex 3X CLI Guide

So my initial credit limit was $6,000, and I decided to go with $15,000 instead of 18 since I don't want all my available credit tied to AMEX, got approved instantly.

 

MyFico/Other Handle:
Initial CL: 6,000
61 day/181 day CLI: 61 day
Amex Utilization @ CLI: 21%
Overall Utilization @ Last EX Soft Pull: 25%
Ratio of Income/(Overall Available Credit) (4 decimal places): 6.875
Number of new credit lines opened since opening Amex account or last Amex CLI: 3 
Total $$ value of all transactions since Amex account opening or last Amex CLI: Around $3,500

Message 1161 of 5,432
UltimatE157
Member

Re: The Definitive Amex 3X CLI Guide

Applied for an AMEX Blue Cash Preferred 61 days ago.  Approved for $12,300.  Today was day 61 so I decided to go for $20k instead of $36,900.  Instant approval.

Starting Score: 680 Experian (11/2012)
Current Score: 762 Experian 04/15, 781 Equifax 04/15, 791 Transunion 04/15
Goal Score: 800 Reporting on all three

Message 1162 of 5,432
matt14
Established Member

Re: The Definitive Amex 3X CLI Guide

Thanks for this wonderful post.  I would have never thought to request a CLI so soon after establishing my BCE.

 

Initially approved 9/6/14 for 10K.  Last night I pushed the 'luv' button for 24K and it was INSTANT!! approval..Smiley Very Happy

 

I continue to be amazed by the knowledge and info shared on this forum. Thanks again.

Message 1163 of 5,432
linux007969
Established Contributor

Re: The Definitive Amex 3X CLI Guide

*** Final Verdict Update ****

 

After cafeful review  and reconsideration by Amex, I have been denied for the exact same reason as before, my income. Smiley Sad

 

I may try again in 6 months and maybe ask for less and see what happens. Smiley Indifferent

 

As i have said before it does feel a bit better to be denied because of income rather than things on my credit files.  Smiley Wink


Rebuilding Credit since 2016
Debt: Almost $80,000
Message 1164 of 5,432
PokemonMaster
Frequent Contributor

Re: The Definitive Amex 3X CLI Guide

When I last requested a CLI in June the most they would give me was a $200 increase taking my limit from 6600 to 6800. Today I bought a new TV from Costco and 20 minutes later I got an email from American Express thanking me for always being a good customer. The email indicated that because of my excellent history with them they were increasing my limit to $9500. My question is, was it just a coincidence or did the TV purchase have something to do with the random CLI? I should also mention that I did accidentally pay my bill in full before the statement cut. Normally I let American Express report a balance and the rest of my cards I pay before the statement cuts so they report 0. I was swamped doing my papers for classes and not thinking accidentally paid my Amex earlier than usual.

Message 1165 of 5,432
NRB525
Super Contributor

Re: The Definitive Amex 3X CLI Guide


@PokemonMaster wrote:

When I last requested a CLI in June the max they gave me was a $200 increase taking my limit from 6600 to 6800. Today I bought a new TV from Costco and 20 minutes later I got an email from American Express thanking me for always being a good customer. The email indicated that because of my excellent history with them they were increasing my limit to $9500. My question is, was it just a coincidence or did the TV purchase have something to do with the random CLI?


You have a good payment history. You bought a TV on Black Friday. You are in a spending mood. SPEND! SPEND! SPEND! More swipe fees for AMEX Smiley Tongue

 

It's likely a combination of many things. This CLI that they gave you does not affect your timing from your last $200 request, if that six months expires in January you can request another increase then.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 1166 of 5,432
PokemonMaster
Frequent Contributor

Re: The Definitive Amex 3X CLI Guide


@NRB525 wrote:

@PokemonMaster wrote:

When I last requested a CLI in June the max they gave me was a $200 increase taking my limit from 6600 to 6800. Today I bought a new TV from Costco and 20 minutes later I got an email from American Express thanking me for always being a good customer. The email indicated that because of my excellent history with them they were increasing my limit to $9500. My question is, was it just a coincidence or did the TV purchase have something to do with the random CLI?


You have a good payment history. You bought a TV on Black Friday. You are in a spending mood. SPEND! SPEND! SPEND! More swipe fees for AMEX Smiley Tongue

 

It's likely a combination of many things. This CLI that they gave you does not affect your timing from your last $200 request, if that six months expires in January you can request another increase then.


I just edited my post after you replied but I had forgotten to mention that I did accidentally pay my amex bill before the statement cut. Normally I just let American Express report a balance but this time, not thinking, paid the balance before the statement cut. So I instead just let my Navy Federal card report a balance this time. I am wondering if that had any affect on the random CLI. The rest of my cards even though I use them always report 0.

Message 1167 of 5,432
NRB525
Super Contributor

Re: The Definitive Amex 3X CLI Guide


@PokemonMaster wrote:

@NRB525 wrote:

@PokemonMaster wrote:

When I last requested a CLI in June the max they gave me was a $200 increase taking my limit from 6600 to 6800. Today I bought a new TV from Costco and 20 minutes later I got an email from American Express thanking me for always being a good customer. The email indicated that because of my excellent history with them they were increasing my limit to $9500. My question is, was it just a coincidence or did the TV purchase have something to do with the random CLI?


You have a good payment history. You bought a TV on Black Friday. You are in a spending mood. SPEND! SPEND! SPEND! More swipe fees for AMEX Smiley Tongue

 

It's likely a combination of many things. This CLI that they gave you does not affect your timing from your last $200 request, if that six months expires in January you can request another increase then.


I just edited my post after you replied but I had forgotten to mention that I did accidentally pay my amex bill before the statement cut. Normally I just let American Express report a balance but this time, not thinking, paid the balance before the statement cut. So I instead just let my Navy Federal card report a balance this time. I am wondering if that had any affect on the random CLI. The rest of my cards even though I use them always report 0.


I like to think that paying before the statement even prints doesn't make a difference. Let's just go with the good payment history as the main reason. And Black Friday Smiley Happy

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 1168 of 5,432
aav
Established Contributor

Re: The Definitive Amex 3X CLI Guide


I like to think that paying before the statement even prints doesn't make a difference. Let's just go with the good payment history as the main reason. And Black Friday Smiley Happy


Increase from 14,500 to 25,000 YAY!!

I tend to agree about the statement cutting! My last statement had a balance of $519 but I paid down any balance shortly after and actually have a credit of $97 as I just got a statement credit for spending x amount within 3 months.

 

I initially asked for $30k and got the 7-10 day message. I chatted with someone who was no help, and talked to a rep who said I could call the credit dept. tomorrow (Monday) or she could try the CLI button for me again (my request). While I wanted to know the reason, I also wanted the increase before any time passed. So I went back online and resubmited the increase and asked for 25 instead of 30 and voila! Super happy. I think I could have gotten the 30 if I talked to a the credit dept. One person I talked to mentioned they may just need income verification Iwhich I was willing to complete even if the form was required), but I didn't want to wait. One of the reps also said there was no internal limit on multiple cards (fwiw).

 

 

MyFico/Other Handle: aav
Initial CL: 14500
61 day/181 day CLI: (please indicate whether 61day/181day also) 61
Amex Utilization @ CLI: 0
Overall Utilization @ Last EX Soft Pull: 7% (last sp was 10/29 - score of 771 then)
Ratio of Income/(Overall Available Credit) (4 decimal places): .2 or .1333.. Diner's club not reporting yet
Number of new credit lines opened since opening Amex account or last Amex CLI: 1
Total $$ value of all transactions since Amex account opening or last Amex CLI: $971

 

Super thankful for the myFico Forum! I read this thread from beginning to end before actually applying. It took me 2 days, but I wanted to be well informed. Going to apply for the EDC cli when eligible.. 181 days.. yay! =)

EQ - 834 TU - 823 EX - 822
Amex NPSL Amex BCP - 25,000, Amex EDC - 12000, Diner's Club Premier -35,000, Ritz Carlton - 22,500 Discover 25,100, Chase Reserve -31,000 Total Rewards 13200, Barclay 10000 Citi Diamond P 8,900
Message 1169 of 5,432
uswala
Senior Contributor

Re: The Definitive Amex 3X CLI Guide


@aav wrote:

I like to think that paying before the statement even prints doesn't make a difference. Let's just go with the good payment history as the main reason. And Black Friday Smiley Happy


Increase from 14,500 to 25,000 YAY!!

I tend to agree about the statement cutting! My last statement had a balance of $519 but I paid down any balance shortly after and actually have a credit of $97 as I just got a statement credit for spending x amount within 3 months.

 

I initially asked for $30k and got the 7-10 day message. I chatted with someone who was no help, and talked to a rep who said I could call the credit dept. tomorrow (Monday) or she could try the CLI button for me again (my request). While I wanted to know the reason, I also wanted the increase before any time passed. So I went back online and resubmited the increase and asked for 25 instead of 30 and voila! Super happy. I think I could have gotten the 30 if I talked to a the credit dept. One person I talked to mentioned they may just need income verification Iwhich I was willing to complete even if the form was required), but I didn't want to wait. One of the reps also said there was no internal limit on multiple cards (fwiw).

 

 

MyFico/Other Handle: aav
Initial CL: 14500
61 day/181 day CLI: (please indicate whether 61day/181day also) 61
@Anonymous Utilization @ CLI: 0
@Overall Utilization @ Last EX Soft Pull: 7% (last sp was 10/29 - score of 771 then)
Ratio of Income/(Overall Available Credit) (4 decimal places): .2 or .1333.. Diner's club not reporting yet
Number of new credit lines opened since opening Amex account or last Amex CLI: 1
Total $$ value of all transactions since Amex account opening or last Amex CLI: $971

 

Super thankful for the myFico Forum! I read this thread from beginning to end before actually applying. It took me 2 days, but I wanted to be well informed. Going to apply for the EDC cli when eligible.. 181 days.. yay! =)


Congrats!

Message 1170 of 5,432
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