Thanks to the wonderful people on the board I learned about the American Express 3X CLI.
So a lil background on me. I have an the Blue Cash Everyday with a 2000 limit and an the The AMEXEveryday with a 5000 limit (The pretty silver one) I got the BLUE Cash Evryday card first. So my 61 days came, I was nervous didn't do it and I am so glad I didn't on the BLUE Cash Everday!!!
I decided that I would do the 3X CLI request on The AMEX Everyday Card because if I could go from 5000 to 15000 then I was going to at least try!
So I push that love button, boy was I nervous. I was taken to a screen that asked for my income and the I pressed submit. To my surprise I was approved for $15,000!!
I was totally ecstatic.
I really wasn't going to try the BLUE but I decided to and immediately got a message that I would receive a written response in 5-7 days.
2 minutes later I received an email the subject line read:
Important Information About Your Limit Increase Request
The body email went on to say: We've finished reviewing your credit limit increase request. To get the details of our decision please contact our Customer Care team at your earliest convenience by calling 1-800-535-7790.
***I thought to myself this doesn't smell to good***
So I called in and the guy told me that I'm only allowed one increase per card every six months. His exact words "You can only request one increase per card in a six month time frame." In 6 months you can apply for an increase on this card. It was a good idea you did it on the Cash Everyday and not this one first.
So I'm happy, $15,000 on Cash Everyday and $2000 on the BLUE Cash Everyday.
My Experian Credit Score FICO8 was at 671 on Sunday and Monday I looked at CreditCheckTotal and it showed a 660. I am not sure which score was actually used.
Yup, when you have more than 1 card it's good to choose wisely since you can now only do every 6 months. If you did the 3X and then got the BCE you might be able to pull a 61 day on the BCE even though you just got the ED approved. Either way you're set for 30-34.5K on the next ED attempt if your income supports it. Since they do 2 different rewards structures you won't be able to combine them down the road since ED is MR and BCE is Cashback. When you hit a road block on ED though you have BCE to fall back on for another CLI.
If you want to push forward on ED past 34.5K it will probably require a 4506 which is painless and takes 5 mins to fill out online and about 3-5 days for them to process and approve your CLI.
Enjoy your new 15K!!!
@YellowBanana, congrats, maybe you will get an autoCLI and next time you can increase your other card.
I think that you can transfer some of the limit to one card to another. Maybe you need the card to be 13 months, I don't remember the exact information. So instead of asking for 6k on your 2k card, you can transfer X to it and try for 3x that, so if you transfer 3k, you can try 15k. Good luck.
Thank y'all for all the extra tips. I really appreciate them.
If i could just get my Equifax score up and finally get approved with PenFed I will be set!!!
Congrats! I am one month out from being able to try a second round of 3x increases on my BCE. First go I only got a bump from 2k up to 4k, but now I'm hoping for 12k with my new income.