Wanting a Amex BCE CLI what should I do?

[Anonymous]

Good morning all, happy labor day.

I was approved for my Amex BCE two 1/2 months ago. I have only 1 statement cut. It has now passed the recommended 61 days to request increases. I have charged up about 75 precent of my available limit then paid it all off and now i am at a zero balance. Should I wait until the second statment cuts before I request a CLI?

Thanks for your help.

[cashorcharge]

** edited **

I stand corrected.  

[Flfico]

You can request your 1st Amex cli at 61 days. Even if you requested early, it shouldn't reset the clock. Sometimes you just gotta roll the dice. Good luck!

[coldfusion]

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With AMEX you can make your initial CLI request 61 days after approval.  Normal guidance is to request up to 3X your SL with the caveat that a request of $35K or more may trigger an IRS 4506-C request to get copies of your last 2 years federal tax returns.  They will counteroffer.

No need to count number of statements.

If denied you can request again after an additional 90 days.

There is a very large master thread which has further details if one wants to expend the effort to research further.  https://ficoforums.myfico.com/t5/Credit-Card-Applications/The-Definitive-Amex-3X-CLI-Guide/td-p/1811...

[ipmyf88]

61 days is the minimum. There's nothing to lose, it's a soft pull anyways. I say go for it. And let us know!

[Anonymous]

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@cashorcharge wrote:

I don't believe the timing is 61 days for your first, I believe it's at 91 days and at least 3 statements to close..and while the statements aren't as big a deal...like with NFCU, the 3 full months of data is preferred....especially for your first CLI

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Thank you for your insight.

[Anonymous]

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@Flfico wrote:

You can request your 1st Amex cli at 61 days. Even if you requested early, it shouldn't reset the clock. Sometimes you just gotta roll the dice. Good luck!

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Good to know, thank you. I only have  four total credit cards before I spread my wings to far, I am just focused on building up each card one at a time to improve my relationships and hopefully avoiding a lot of hard inquiries.

[Anonymous]

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@coldfusion wrote:

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With AMEX you can make your initial CLI request 61 days after approval.  Normal guidance is to request up to 3X your SL with the caveat that a request of $35K or more may trigger an IRS 4506-C request to get copies of your last 2 years federal tax returns.  They will counteroffer.

No need to count number of statements.

If denied you can request again after an additional 90 days.

There is a very large master thread which has further details if one wants to expend the effort to research further.  https://ficoforums.myfico.com/t5/Credit-Card-Applications/The-Definitive-Amex-3X-CLI-Guide/td-p/1811...

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Thank you for sharing that info it was very very helpful. Read through all of it and think that I will apply for an credit limit increase in the next 24 hours. Wanted to wait until its not a holiday just in case I need to speak with someone.

[Anonymous]

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@ipmyf88 wrote:

61 days is the minimum. There's nothing to lose, it's a soft pull anyways. I say go for it. And let us know!

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I have heard some have received hard pulls. That would just suck. I am going to freeze my reports prior to the seeking the CLI. I hope that will not hurt my chances. Thanks for your insight.

[Remedios]

What's the SL on your BCE? 

If it's $1000.00, you will most likely be waiting longer than 61 days, possibly till your file is clean.