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AMEX Blue Cash Preferred Starting Limit

PadawanCredit
Member

AMEX Blue Cash Preferred Starting Limit

Hi Everyone,

I prequalified for an AMEX BCP last night and went ahead and submitted my application. Much to my surprise I was only approved for a starting limit of $1K?

Does anyone have experience recon’ing on starting limits? Any tips if so or general info on when to request an AMEX CLI’s and if it’s a hard or soft pull?

Also, for context I just opened a Venture One card last month and that limit was $2K and have some baddies from 2011 on a CapOne card which was charged off but then paid in full.

Exp: 705
TU: 701
EQ: 711
8 REPLIES 8
skybluu
Valued Member

Re: AMEX Blue Cash Preferred Starting Limit

http://ficoforums.myfico.com/t5/Credit-Card-Applications/The-Definitive-Amex-3X-CLI-Guide/td-p/18110...

 

Great guide on how to ask for Amex CLIs, but isn't guaranteed to work though, I failed to get my first 3X due to a short history and too many inquiries

 

I was approved for BCP with similar scores, perhaps 10 points higher with a SL of 2000,


FICO 08 Scores (Mar-18): EX 698, TU 719, EQ 704
FICO 08 Scores (Nov-18): EX 718, TU 723, EQ 724
Gardening Since Aug-14-2018(Yes this almost updates monthly lol)

Message 2 of 9
PadawanCredit
Member

Re: AMEX Blue Cash Preferred Starting Limit

Thanks for sharing that! I read throught the first few pages but I'm definitely bookmarking for future use. I called in today and was told that I need the physical card in hand before they'll discuss a potential starting limit. I'm hoping to get a 3x starting limit increase since I have other cards with higher limits, I have the income to warrant it and can provide any financial information they need - I'm hoping to proactively bring this up in an effort to move the conversation in my favor. Hopefully if I can get the SL CLI at 3x, then wait 61 days for another 3x!

Message 3 of 9
AverageJoesCredit
Community Leader
Mega Contributor

Re: AMEX Blue Cash Preferred Starting Limit

Normally Amex will not recon sl . Most have to wait it out the 61 days to try for a 3x and even thats not gaurenteed for everyone. Many people have the income to support more than a 1k sl but Amex often starts out many with that limit due to current profile or they want to see some hstory. Having higher limits elsewhere can help but as with many lenders it doesnt necessarily determine your sl.
Message 4 of 9
MaizeandBlue
Senior Contributor

Re: AMEX Blue Cash Preferred Starting Limit

Unfortunately, that's not how it works.  In the unlikely event you were able to sucessfully recon your SL to $3,000 (3X); you will have to wait 180 days before requesting another CLI.

 


@PadawanCredit wrote:

Thanks for sharing that! I read throught the first few pages but I'm definitely bookmarking for future use. I called in today and was told that I need the physical card in hand before they'll discuss a potential starting limit. I'm hoping to get a 3x starting limit increase since I have other cards with higher limits, I have the income to warrant it and can provide any financial information they need - I'm hoping to proactively bring this up in an effort to move the conversation in my favor. Hopefully if I can get the SL CLI at 3x, then wait 61 days for another 3x!


 





Message 5 of 9
Roy21
Frequent Contributor

Re: AMEX Blue Cash Preferred Starting Limit

This year I read of 3 people successfully reconning their SL with amex .I don't have links to provide proof but I read this forum religiously every night before bed. It doesnt hurt to ask especially if your willing to share POI. Go for it and update us on the outcome please. Good luck. 

Fico 08 TU 680 EQ 682 EX 680 (4/05/18)
Fico 08 TU 668 EQ 656 EX 671 (1/13/18)
FICO 08 TU 533 EQ 512 EX 522 (2/6/17)
1 collection charge off paid April '17 ($500 GTE FCU) went over 120+ days late on it account closed. PIF to CA

NFCU Cash Rewards-$2800 (1/13/18), USAA Classic Platinum Visa-$1000 (1/13/18), Discover IT-$10,000! (1/13/18), AMEX BCE-$1000 (1/13/18), AMEX Blue Delta SkyMiles-$1000 (1/13/18), Care Credit-$7500(1/13/18), Cap1 Platinum Preferred-$1500 (1/15/18), Wal-Mart $5000 as of Nov '17 (SL $200 July '17), Dillards $1000 July '17, Several rebuilder cards closed not listed
Message 6 of 9
BronzeTrader
Valued Contributor

Re: AMEX Blue Cash Preferred Starting Limit

Congrats!

Message 7 of 9
c00mtg
Valued Contributor

Re: AMEX Blue Cash Preferred Starting Limit

No recon, do the 3x when the dates comes. Congrats!!



FICO 8 Scores EQ 704 / Goal 750, EX 706 / Goal 750, TU 724 / Goal 750

FICO 9 Scores EQ 726 / Goal 750, EX 683 / Goal 750, TU 726 / Goal 750
Message 8 of 9
Janus
Senior Contributor

Re: AMEX Blue Cash Preferred Starting Limit

^Agreed. In 61 days it will be 3K, and 9K 180 days after that! Can't ask for much better, considering the snails pace of other Card's CLI.

 

 






Message 9 of 9
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