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Amex CLI to $55k w/o IV

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Anonymous
Not applicable

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


@Floyduda wrote:

 

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........??


They could and there definitely are different constraints to growth from all lenders (not just Amex) that are income-based.  From what I've seen, though, the $35k threshold seems to be pretty consistent across many income ranges... I've seen people with $50k income see it through $100k+ income.  Where we may see different thresholds are with either A - $X/6mo, where X may be in part income-based, or most definitely B - The ceiling that Amex will give someone is without question going to strongly consider income. 

 

For example, perhaps my ceiling based on my income is at $65k.  So, in August 2020 when I'm sitting at $65k (if I get there) and I make my 6mo attempt to go to $70k, perhaps I'd be hit with IV rather than a usual instant approval.  If I back out of my browser and submit lesser amounts down to $66k and still see IV prompted, I can more than likely say with reasonable certainty that based on my profile/income that $65k is the ceiling on my account.  Someone with twice my income though perhaps would be able to continue higher and find a greater ceiling.

Message 31 of 46
19eighty5
Senior Contributor

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

Congratulations!

FICO 8 (Feb 2018):EX- 519, TU- 530, EQ- 545
FICO 8 (Sept 2022):EX- 706, TU- 685, EQ- 684
What's in my wallet:


Message 32 of 46
Marz2002
Senior Contributor

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

YOU...

awesome congratulations GIF by Slanted Studios

CONGRATS on the AmEx CLI without an IV and Thanks for the CLI History information!!!

AMEX BCP $8K | AMEX Cash Magnet $15K | Citi DoubleCash WEMC $15.2K | Citi Rewards WMC $15.5K | Citi Costco VS $12K
Citi Custom Cash WEMC $7.8K | Synchrony (PayPal Credit $6K, Care Credit $15K, & PayPal 2% MC $10K, VENMO VS $6.5K)
PNC Cash Rewards VS $10.5K | NFCU cashRewards VS $14K | NFCU More Rewards AMEX $37.5K | NFCU Flagship Rewards VS $23K
Discover IT $22.5K | BB&T Cash Rewards $4.5K | Macy's AMEX $25K | Bloomingdales AMEX $20K | Apple Card WEMC $9K
PenFed Power Cash Rewards VS $7.5K

Total CL - $284K+
Message 33 of 46
Priory_Man
Valued Contributor

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

Congrats BBS and thanks for all the info you always provide, it helps so many people out, myself included.






"Total revolving credit $286,000 Current UTIL >1%"
Message 34 of 46
Floyduda
New Contributor

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

Thanks B.B.S., appreciate your insight... My Amex, 6 month cli clock, goes off in 2 weeks. I'll be using a lot of the information you've provided to proceed....






Message 35 of 46
Anonymous
Not applicable

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


@Floyduda wrote:

Thanks B.B.S., appreciate your insight... My Amex, 6 month cli clock, goes off in 2 weeks. I'll be using a lot of the information you've provided to proceed....


Cool.  Where does your Amex limit currently sit?

Message 36 of 46
Floyduda
New Contributor

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

Amex BCP.... SL at 1k, 3x cli to 3k, currently at 9k.....trying to decide if I should try 3x cli to 27k or not.






Message 37 of 46
Anonymous
Not applicable

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


@Floyduda wrote:

Amex BCP.... SL at 1k, 3x cli to 3k, currently at 9k.....trying to decide if I should try 3x cli to 27k or not.


I would.  Go for the $27k.  If you get it, your next one will likely be $27k --> $35k and at that point you'll climb aboard the $5k/6mo train.  There's a chance of course that in asking for $27k you may be countered with something lower like (say) $20k, but at least you'll sleep easy knowing that you left nothing on the table.

Message 38 of 46
Anonymous
Not applicable

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

I got approved initially for $20K with AMEX BCE. If I request for a 3x on 61st day, would I be approved for $60K? I believe they would ask for my IV..Isn't it? P.S. My income sits around $100K.

Message 39 of 46
Anonymous
Not applicable

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


@Anonymous wrote:

I got approved initially for $20K with AMEX BCE. If I request for a 3x on 61st day, would I be approved for $60K? I believe they would ask for my IV..Isn't it? P.S. My income sits around $100K.


No, you can't go to $60k via 3X CLI without IV.  You can probably go to $35k with your first CLI without IV, but that's likely your limit for your first CLI.  Definitely your choice if you'd like to go the IV route, although keep in mind that a $60k limit on the BCE is pretty much useless for anything outside of utilization-padding.

Message 40 of 46
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