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Hi Y'all,
Opened my account on February 3rd 2017 with AMEX, a BCE card - given a $2k SL with 705-710 FICO
Now on May 26 2017, requested 3x CLI ... approved... now hold $6k CL with 720 FICO
three statements util ranges from 20% to 30% each
What's the next step for me?
When can I request my CL increase to $18k --- and would this trigger an FR?
What point triggers FR?
Congratulations on your 3x increase. Looks like another 181 days until you are eligible for your next increase (depending on your profile). Use it, pay it and enjoy it......
Finacial Review would have to be 25k or more for some and then there are some who get over 25k with no review.....
@Anonymous wrote:Hi Y'all,
Opened my account on February 3rd 2017 with AMEX, a BCE card - given a $2k SL with 705-710 FICO
Now on May 26 2017, requested 3x CLI ... approved... now hold $6k CL with 720 FICO
three statements util ranges from 20% to 30% each
What's the next step for me?
When can I request my CL increase to $18k --- and would this trigger an FR?
What point triggers FR?
Also...check out this thread:
You won't likely trigger a financial review at all by asking for a CLI. However, there may be a point where you're asked for proof of income.
This is an important distinction. Financial review is awful, and it isn't optional. It's usually triggered by some sort of bizarre spending pattern. Proof of income is optional. If you're asked for it and don't care to provide it, back out and request a lesser CLI.
Congrats on the increase. You will be eligible to ask again at 180 days/6months after this most recent increase. 6k to 18k.
Don't sweat it EQ, use this site http://www.convertunits.com/dates/daysfromdate/ and plug in the date you received your last increase. Enter 180 days from that day. That will give you an idea of when to request the next CLI.
If you trigger IV(income verification) and choose not to send it in. Just back out of app and lower your request until it's a instant approval.