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Amex 61 day 3X CLI? Not for me

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Anonymous
Not applicable

Amex 61 day 3X CLI? Not for me

More like a 355 day CLI. I apped for the Everyday card in late October last year. Got a $2,000 starting limit and looked forward to the (now defunct Smiley Mad) backdating and 61 day CLI. I waited 63 days just to be safe...DENIED. Got the denial and the letter stated "Not enough experience with Amex" or something like that. Ok...They are playing hard to get so I waited 90 days and tried again...same message. I have been trying off and on since that last denial. FINALLY at almost the one year mark I tried again. Tried for $6,000 and got countered with $4,100. Thanks Amex...for keeping my sock drawer company from now on, that is.

Message 1 of 14
13 REPLIES 13
DrZoidberg
Established Contributor

Re: Amex 61 day 3X CLI? Not for me

Message 2 of 14
NRB525
Super Contributor

Re: Amex 61 day 3X CLI? Not for me

Sorry to hear it took so long for some CLI.

 

What is your usage volume of the card? What are your scores?

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 3 of 14
TheConductor
Established Contributor

Re: Amex 61 day 3X CLI? Not for me

It's important to keep in mind that the 3x CLI is a reference for the maximum CLI progress one can achieve at a given time frame.

 

It is decidedly not a reflection of the typical or average CLI, and nothing guarantees that you will receive any CLI at all.

 

With Amex, as with any creditor, the primary deciding factors for a CLI are still: income, credit rating, and spending usage of the card.  

 

Their 3x policy does not diminish the importance of those factors in any way. It just enables us as borrowers to better strategize when we apply for a CLI and how much we ask for. The decision is still unique to each borrower, and "No" is always on the table.

 

Congrats on finally getting a CLI! 

Starting: EQ 622 (myFICO 7/7/12), EX 696 (TU FAKO 8/14/12), TU 621 (CK TransRisk 7/24/12), Total CL $1k on 2 TLs
Current: EQ 709 (CCT 2/4/15), EX 704 (CCT 2/4/15) , TU 702 (CCT 2/4/15), Total CL $110.3k on 14 TLs Goal: 740+ x3
My Wallet: Amex BCP $30k, Chase United Explorer $16k, Amex SPG $13.5k, Barclaycard Ring MC $12.5k, Chase CSP VS $12.2k, Discover it $10.5k, C1 Venture VS $6.5k, Chase Slate $3.5k, Amex Hilton Surpass $2k, Barclaycard Apple V $2k, Chase Freedom V $1100, BoA Cash Rewards V $500, Citi BestBuy $500
My Loans: Prosper $25k/36mo, Prosper $17k/36mo
My Business: Chase Ink VS $5k, Amex BRG NPSL (> 10k),
Message 4 of 14
Anonymous
Not applicable

Re: Amex 61 day 3X CLI? Not for me

Usage was heavy throughout, but many payments were made to keep utilization in check. Scores hovered between 740-755 during the almost year of use.

Message 5 of 14
gdale6
Moderator Emeritus

Re: Amex 61 day 3X CLI? Not for me

Congrats on finally getting your CLI Smiley Happy

 

Welcome to the board!

Message 6 of 14
Anonymous
Not applicable

Re: Amex 61 day 3X CLI? Not for me

Ouch! 

Message 7 of 14
SouthJamaica
Mega Contributor

Re: Amex 61 day 3X CLI? Not for me


@Anonymous wrote:

More like a 355 day CLI. I apped for the Everyday card in late October last year. Got a $2,000 starting limit and looked forward to the (now defunct Smiley Mad) backdating and 61 day CLI. I waited 63 days just to be safe...DENIED. Got the denial and the letter stated "Not enough experience with Amex" or something like that. Ok...They are playing hard to get so I waited 90 days and tried again...same message. I have been trying off and on since that last denial. FINALLY at almost the one year mark I tried again. Tried for $6,000 and got countered with $4,100. Thanks Amex...for keeping my sock drawer company from now on, that is.


Well it's more than I've gotten from them. I've been with them 14 months and haven't been able to get a single CLI, even on my card with only a 2k starting credit limit.

 

Since one of my 2 revolving Amex cards is the JetBlue card, I'm looking forward to seeing what happens when JetBlue moves over to Barclays at the end of the year.

 

 


Total revolving limits 650200 (529700 reporting) FICO 8: EQ 706 TU 714 EX 715

Message 8 of 14
Anonymous
Not applicable

Re: Amex 61 day 3X CLI? Not for me


@TheConductor wrote:

It's important to keep in mind that the 3x CLI is a reference for the maximum CLI progress one can achieve at a given time frame.

 

It is decidedly not a reflection of the typical or average CLI, and nothing guarantees that you will receive any CLI at all.

 

With Amex, as with any creditor, the primary deciding factors for a CLI are still: income, credit rating, and spending usage of the card.  

 

Their 3x policy does not diminish the importance of those factors in any way. It just enables us as borrowers to better strategize when we apply for a CLI and how much we ask for. The decision is still unique to each borrower, and "No" is always on the table.

 

Congrats on finally getting a CLI! 


Very true. My last CLI was .6x from $6K to $9600.

Message 9 of 14
CreditCuriosity
Moderator Emeritus

Re: Amex 61 day 3X CLI? Not for me


@Anonymous wrote:

@TheConductor wrote:

It's important to keep in mind that the 3x CLI is a reference for the maximum CLI progress one can achieve at a given time frame.

 

It is decidedly not a reflection of the typical or average CLI, and nothing guarantees that you will receive any CLI at all.

 

With Amex, as with any creditor, the primary deciding factors for a CLI are still: income, credit rating, and spending usage of the card.  

 

Their 3x policy does not diminish the importance of those factors in any way. It just enables us as borrowers to better strategize when we apply for a CLI and how much we ask for. The decision is still unique to each borrower, and "No" is always on the table.

 

Congrats on finally getting a CLI! 


Very true. My last CLI was .6x from $6K to $9600.


+1 to this as welll..  Also depends on income, dti and many other factors.  Congrats on the CLI although it isn't what you wanted.  Least it is backdated you said and that makes it worth its weight in gold if you got a good backdate.

Message 10 of 14
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