(Update)Hesitant to request 3x CLI Amex BCP

[Anonymous]

Hello everybody, 

I have read here about the Amex 61 day CLI, but I am hesitant to apply. I am not sure that the standard rules are going to apply in my case.

I recently paid off my oldest credit account. It was a 2.5 year motorcycle loan.

Now, my average age shows 9 months. I have....

NFM store card 6k

US Bank Harley Visa 3k

Amazon Chase Visa 4k

Amazon store card 3.5k

Gander Mountain MasterCard $1750

Reported income of 50k

No negatives or late payments, scores showing around 750.

A month ago, I decided to apply for the Amex BCP. I expected a 1k sl and would have been thrilled with a 5k sl. I was instantly approved with a 15k starting limit! 

I have run 4k through this card already, and will probably run another 1-2k before my 61st day.

I have also financed a new car since I got this card.

Do you think that it is reasonable for me to request a CLI at 61 days, or do you think that I should just count my blessings and be happy with what I was given to start with?

Thank you, I know that was long....

[Gmood1]

Go for it, it doesn't hurt to try. It doesn't affect future chances. You can try as many times as you like. It's a SP. Plug in $30k and see what happens. If it asked for the income verification just walk it down $1000 at a time until it gives an instant approval.

[simplynoir]

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@Gmood1 wrote:
Go for it, it doesn't hurt to try. It doesn't affect future chances. You can try as many times as you like. It's a SP. Plug in $30k and see what happens. If it asked for the income verification just walk it down $1000 at a time until it gives an instant approval.

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+1 I would go to what you're comfortable with whether it's $30k, full $45k or whatever else you like they'll most likely counter if the IV prompt doesn't pop up.

[Anonymous]

Thank you both. I  will wait until the 61st day and see how things look. As long as all of my balances look good, and purchasing the car did not negatively affect my score, I will put in a CLI request. I  appreciate the advice, and will update this post with the results.

[AverageJoesCredit]

Lol, i was about to call Gmood front and center. GOOD CALL

[Anonymous]

Never hurts to try even though $15K was very generous. 

Is nobody going to ask? Okay I will do it; what car did you buy?

[Anonymous]

Lol, nothing fancy. Just needed an inexpensive AWD SUV. So, I took advantage of some rebates and purchased a 2017 Buick Encore. 

[Anonymous]

Lol, nothing fancy. I just needed an inexpensive AWD SUV. So, I took advantage of some rebates and purchased a 2017 Buick Encore. 

[Anonymous]

If your old loan reports closed before your new loan reports at all, you may get a hefty FICO ding in between reporting updates.

Make sure that hasn't happened when you go in for the CLI.

[Anonymous]

That makes sense. I do believe that the old loan has reported as closed. I have no idea when the new one will report, but the first payment is going to be due close to when the Amex account will be 61 days. I will wait until I am sure that that loan has been reported before applying for the CLI.

Another thought, when Amex reports the BCP it will nearly double my available credit. I have read that they may not report for the first two or three months. Should I wait until that account shows on my reports before attempting the CLI, or will it make any difference at all to Amex?