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Amex CLI to $55k w/o IV

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Floyduda
New Contributor

Re: Amex CLI to $55k w/o IV

Congratulations on the increase.....You always seem to have great information contained in your posts, and this one is no exception.

 

 How or why did you decide to start walking up the "5k cli ladder" at 30k?

 






Message 21 of 46
irunfromcredit
Frequent Contributor

Re: Amex CLI to $55k w/o IV

Congrats on the CLI!

I too have been asking $5k/six months and I just rec’d one so I have $40k limit on my BCP. I only use it for category spend.
Scores 8/25/2017~ TU: 753 / EXP: 742 / EQ: 726
Goal: 770's or higher by end of 2017
Message 22 of 46
credit_endurance
Valued Contributor

Re: Amex CLI to $55k w/o IV

Congrats once again BBS on the increase and supporting dp’s! I have an increase opportunity coming up in a couple weeks so always fun times with AMEX.😊

If I may ask, what is your fico score with them looking like these days?
Starting FICO08 Scores 2016 All in the mid 500’s
Current FICO08 Scores SEP 2023 (TU 834) (EQ 831 (EXP 831)

“The credit is no longer bruised, it has endured the test of time” (formally know as bruisedcredit)

Message 23 of 46
marmaladepie
Regular Contributor

Re: Amex CLI to $55k w/o IV

Very interesting indeed. Keep that roll going!
Message 24 of 46
Anonymous
Not applicable

Re: Amex CLI to $55k w/o IV


@LittleSal wrote:
Nice. Can’t wait to see how high you get it!

I'm hoping to get it around $70k eventually, as I'd like to do some testing surrounding the limit at which FICO 8 begins to "ignore" a revolver from utilization.  I'm not sure we have much concrete data on that here on the forum, so it would be nice to be able to contribute something worthwhile regarding that subject at some point.

Message 25 of 46
Anonymous
Not applicable

Re: Amex CLI to $55k w/o IV


@Floyduda wrote:

 

 How or why did you decide to start walking up the "5k cli ladder" at 30k?


Not so much a decision, but rather a necessity with Amex in order to avoid having to provide IV.  The first well-known threshold encountered with Amex is believed to be at $35k.  Trying to cross $35k usually results in IV being prompted.  This has been the case for people with a (say) $12k-$15k limit that try to go for a 3X CLI, which would result in crossing that point.  Most everyone states that if they back out of their browser and try again, lowering the amount, usually approval happens without IV at $35k. 

 

For me, I started with a $10K SL and took it to $30k via 3X CLI at 64 days.  My next CLI 6 months later could only be to $35k.  I tried $50k to start, then backed down in $1k increments all the way to $40k, each time being prompted with IV language.  I then started at $500 increments from $39,500 through $35,500, still being prompted with IV each time.  Finally, an instant approval at $35k.  Getting a rubber-banded bundle of 20 Amex IV letters in the mailbox a week or so later for each failed CLI attempt was quite amusing, I must say Smiley Wink

 

Ever since that $35k approval, I've been able to increase $5k/6mo without IV... but attempts at > $5k have yielded IV prompts, thus allowing me to conclude that $5k/6mo is the standard max Amex allows for my profile (perhaps everyone?).

Message 26 of 46
Anonymous
Not applicable

Re: Amex CLI to $55k w/o IV


@credit_endurance wrote:

If I may ask, what is your fico score with them looking like these days?

I've been at an 850 since May of last year.

 

My Amex score history:  Original approval EX FICO 8 was 736 (when my file was dirty) in June of 2016.  EX went clean by April 2017, which took my EX FICO 8 to 822.  I did a 3-CC spree to give myself "congrats" on a clean file, dropping my score to 804.  It then took a good year of gardening to build my score back up to ~825-830 and I then saw a nice jump (847) with my AoYA reaching 12 months (from those spree accounts).  Shortly after, I hit 850, presumably from AAoA and/or AoOA crossing a threshold.

Message 27 of 46
SunriseEarth
Moderator Emeritus

Re: Amex CLI to $55k w/o IV

Congrats and thanks for sharing your method!   I tried it myself and went from $34K to $39K!



Start: 619 (TU08, 9/2013) | Current: 806 (TU08, 6/06/24)
BofA CCR WMC $75000 | AMEX Cash Magnet $64000 | Disney Premier VS $52000 | Discover IT $46000 | Venmo VS $30000 | Cash+ VS $30000 | NFCU More Rewards AMEX $25000 | Macy's AMEX $25000 | Synchrony Premier $24,200 | GS Apple Card WEMC $22000 | WF Attune WEMC $22000 | Jared Gold Card $19000 | Citi Custom Cash MC $16600 | Freedom Flex WEMC $16500 | Target MC $14500 | BMO Harris Cash Back MC $14000 | Amazon VS $13500 | Belk MC $10000 | Sephora VS $6900 | Wayfair MC $4500 | ~~
Message 28 of 46
Floyduda
New Contributor

Re: Amex CLI to $55k w/o IV

Ok cool....I guess what I'm trying to figure out is how much your reported salary comes in to play as to where the line for IV language appears.....

 

If 2 people have identical credit files but their salaries are different do you think they would have different thresholds for being prompted for IV?

let's say person A makes 90k and person B makes 60k........??






Message 29 of 46
credit_endurance
Valued Contributor

Re: Amex CLI to $55k w/o IV

Exceptional dp’s as always. True formula for Amex sucess 😊
Starting FICO08 Scores 2016 All in the mid 500’s
Current FICO08 Scores SEP 2023 (TU 834) (EQ 831 (EXP 831)

“The credit is no longer bruised, it has endured the test of time” (formally know as bruisedcredit)

Message 30 of 46
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