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improvingmycredit wrote:Hey Mustang!!
So what did you decide? Are you going to app or wait? Also, I was confused on your post because your Siggy states you only have a 1K limit on your BCE. . Thanks for the clarification. You may want to fix that to 10K. Let us know what you decide-- I am very interested in this outcome.
I plan on applying for the CSP but first I will apply for a 3x CLi on the BCE from 1K to 3k
The 61st day will be thursday of next week .
I am not sure how long it takes for Amex to report a CLi.
I really do not know why I received a 10K CLi on the True Earnings card and only a 1K on the BCE card.
@Mustangfrank wrote:I plan on applying for the CSP but first I will apply for a 3x CLi on the BCE from 1K to 3k
The 61st day will be thursday of next week .
I am not sure how long it takes for Amex to report a CLi.
It will reflect new CL at your next statement.
I really do not know why I received a 10K CLi on the True Earnings card and only a 1K on the BCE card.
Because you maxed out on how much AMEX is willing to extend credit. Like Chase, AMEX looks at total CL you have with them, not per account basis.
@trumpet-205 wrote:
@Mustangfrank wrote:I plan on applying for the CSP but first I will apply for a 3x CLi on the BCE from 1K to 3k
The 61st day will be thursday of next week .
I am not sure how long it takes for Amex to report a CLi.
It will reflect new CL at your next statement.
I really do not know why I received a 10K CLi on the True Earnings card and only a 1K on the BCE card.
Because you maxed out on how much AMEX is willing to extend credit. Like Chase, AMEX looks at total CL you have with them, not per account basis.
So do you think there might be a problem applying for the 61day 3x CLi for my BCE (1K to 3K) at this time.
If it is going to raise some flags then I can wait.
I assume it would be an autmated process.
I have run a a few thousand dollars through all my Amex cads and paid in full.
@Mustangfrank wrote:So do you think there might be a problem applying for the 61day 3x CLi for my BCE (1K to 3K) at this time.
If it is going to raise some flags then I can wait.
I assume it would be an autmated process.
I have run a a few thousand dollars through all my Amex cads and paid in full.
Worst case with CLI, a denial with FR (yes some do trigger FR with CLI). I'd say still go for it. If denied you can shift CL from your Costco card to BCE.
@Mustangfrank wrote:
@trumpet-205 wrote:
@Mustangfrank wrote:I plan on applying for the CSP but first I will apply for a 3x CLi on the BCE from 1K to 3k
The 61st day will be thursday of next week .
I am not sure how long it takes for Amex to report a CLi.
It will reflect new CL at your next statement.
I really do not know why I received a 10K CLi on the True Earnings card and only a 1K on the BCE card.
Because you maxed out on how much AMEX is willing to extend credit. Like Chase, AMEX looks at total CL you have with them, not per account basis.
So do you think there might be a problem applying for the 61day 3x CLi for my BCE (1K to 3K) at this time.
If it is going to raise some flags then I can wait.
I assume it would be an autmated process.
I have run a a few thousand dollars through all my Amex cads and paid in full.
I don't think that you will have any problems with FR at all. Also, the lending standards are more relaxed for the TE then the BCE thus the ridiculously big difference in CLs. It's my belief that you will get the full 3K. The 3X CLI is based off a more then likely already pulled SP. If not too much has changed on your reports since your approval, then you are cake.
@trumpet-205 wrote:
@Mustangfrank wrote:So do you think there might be a problem applying for the 61day 3x CLi for my BCE (1K to 3K) at this time.
If it is going to raise some flags then I can wait.
I assume it would be an autmated process.
I have run a a few thousand dollars through all my Amex cads and paid in full.
Worst case with CLI, a denial with FR (yes some do trigger FR with CLI). I'd say still go for it. If denied you can shift CL from your Costco card to BCE.
Well I certainly do not want to poke the Bear so early in the game as I just received the Amex cards.
It is more important that I get a few more credit lines with someone other than Amex.
and when I do I will drop the CapitalOne secured card.
That is why I am interested in the CSP.
I could also apply for the Freedom and a Discover card I guess.