Finally, the hard work paid off! Amex EveryDay Preferred approved. Gardening until home purchase

[Anonymous]

Got my approval today.  This is my second Amex approval this month.  

I got my regular old Blue a few weeks ago, with only a $500 limit.  Today, I got a $1000 limit on the EveryDay Preferred.

Now, I've read all about the 3X Amex offers at 61 Days.  Question: will this be across the board on both cards or only one of them?  Anyone had luck getting more than the 3X on CLI's?  I primarily want to use the Amex for everything, rack up the points, and take a sweet vacation next year. 

Current Scores: right at or a little above 670 across the board.  Equifax hasn't been updated in a while.  Letters have been sent to have it updated. I keep my utilization low and plan on closing some of these pesky store cards, which are my shortest lines anyway, and keep the good plastic around. 

Current credit portfolio:

PenFed Platinum Rewards Visa 16K limit,  using and PIF monthly (about to start utilizing Amex EveryDay instead)

Penfed Promise: 5.5K limit (carrying 3K in balance transfers at 4.9% and paying $500 a month toward)

CapitalOne QS1: $1500, no balance, sock drawer

CapitalOne Secured $325 limit, no balance, sock drawer

University Federal Credit Union: $5K limit, $1300 balance, pay $400 per month, never use

Barclays Arrival: $1200 limit, $200 balance, pay in fill next week, going in sock drawer

Walmart Store Card: $400 limit, zero balance, use once a month for something small

Sams Club Stoer Card: $437 limit, zero balance, use occasionally when I think about it

Old Navy: $200 limit, rarely use it, PIF

Amazon Prime Store Card: $800 limit, $100 balance, will PIF this month.  I use it when I need to buy something over $500 and utilize the 0%APR

Amex EveryDay Preferred: $1000 limit, will be my go to, and PIF monthly 

Amex Blue: $500 limit, zero balance, and was my gateway into Amex.  Not really sure what I'm going to do with this card. 

University Federal Credit Union: Auto loan, 17K at 3.9% for 60 months opened in May. 

[Anonymous]

Congrats on your 2nd Amex approval. If you have two Amex now, you can only request a CLI on one card. If the CLI is granted, you will need to re-set your clock to request another CLI in 180 days.

Just an observation, First Amex is only $500 and the 2nd one is $1000. This is an indication that you are on the bonderline ( internal scoring system). I will recommend to wait 6 months before you decide to request any CLI again.

If you continue to use their cards heavy use, they will give you higher limits down the road.

[Anonymous]

Thanks for the response.  

What if I were to combine the limits onto the EveryDay?  Will this constitute a CLI and make me inelligible for a CLI at 61 days?

Side note: The PenFed cards have not reported yet.  I'm anxious about what my scores will do once those limits hit and adjust my utilization.  

[Anonymous]

Congrats!! glad they have given you a chance! I am sure it will grow! Happy spending!

[Anonymous]

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@Anonymous wrote:

Got my approval today.  This is my second Amex approval this month.  

I got my regular old Blue a few weeks ago, with only a $500 limit.  Today, I got a $1000 limit on the EveryDay Preferred.

Now, I've read all about the 3X Amex offers at 61 Days.  Question: will this be across the board on both cards or only one of them?  Anyone had luck getting more than the 3X on CLI's?  I primarily want to use the Amex for everything, rack up the points, and take a sweet vacation next year. 

Current Scores: right at or a little above 670 across the board.  Equifax hasn't been updated in a while.  Letters have been sent to have it updated. I keep my utilization low and plan on closing some of these pesky store cards, which are my shortest lines anyway, and keep the good plastic around. 

Current credit portfolio:

PenFed Platinum Rewards Visa 16K limit,  using and PIF monthly (about to start utilizing Amex EveryDay instead)

Penfed Promise: 5.5K limit (carrying 3K in balance transfers at 4.9% and paying $500 a month toward)

CapitalOne QS1: $1500, no balance, sock drawer

CapitalOne Secured $325 limit, no balance, sock drawer

University Federal Credit Union: $5K limit, $1300 balance, pay $400 per month, never use

Barclays Arrival: $1200 limit, $200 balance, pay in fill next week, going in sock drawer

Walmart Store Card: $400 limit, zero balance, use once a month for something small

Sams Club Stoer Card: $437 limit, zero balance, use occasionally when I think about it

Old Navy: $200 limit, rarely use it, PIF

Amazon Prime Store Card: $800 limit, $100 balance, will PIF this month.  I use it when I need to buy something over $500 and utilize the 0%APR

Amex EveryDay Preferred: $1000 limit, will be my go to, and PIF monthly 

Amex Blue: $500 limit, zero balance, and was my gateway into Amex.  Not really sure what I'm going to do with this card. 

University Federal Credit Union: Auto loan, 17K at 3.9% for 60 months opened in May. 

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Congratulations to you!...Thanks for sharing.

[egaithe]

Congrats! I originally received a $1000 SL on an Amex Hilton card, I requested an 3X increase after 61 days....no bueno! I think your score has to increase before they will grant you a CLI. I do use my card a lot, but I don't PIF. I pay about half of the balance. This is just my experience.

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@Anonymous wrote:

Got my approval today.  This is my second Amex approval this month.  

I got my regular old Blue a few weeks ago, with only a $500 limit.  Today, I got a $1000 limit on the EveryDay Preferred.

Now, I've read all about the 3X Amex offers at 61 Days.  Question: will this be across the board on both cards or only one of them?  Anyone had luck getting more than the 3X on CLI's?  I primarily want to use the Amex for everything, rack up the points, and take a sweet vacation next year. 

Current Scores: right at or a little above 670 across the board.  Equifax hasn't been updated in a while.  Letters have been sent to have it updated. I keep my utilization low and plan on closing some of these pesky store cards, which are my shortest lines anyway, and keep the good plastic around. 

Current credit portfolio:

PenFed Platinum Rewards Visa 16K limit,  using and PIF monthly (about to start utilizing Amex EveryDay instead)

Penfed Promise: 5.5K limit (carrying 3K in balance transfers at 4.9% and paying $500 a month toward)

CapitalOne QS1: $1500, no balance, sock drawer

CapitalOne Secured $325 limit, no balance, sock drawer

University Federal Credit Union: $5K limit, $1300 balance, pay $400 per month, never use

Barclays Arrival: $1200 limit, $200 balance, pay in fill next week, going in sock drawer

Walmart Store Card: $400 limit, zero balance, use once a month for something small

Sams Club Stoer Card: $437 limit, zero balance, use occasionally when I think about it

Old Navy: $200 limit, rarely use it, PIF

Amazon Prime Store Card: $800 limit, $100 balance, will PIF this month.  I use it when I need to buy something over $500 and utilize the 0%APR

Amex EveryDay Preferred: $1000 limit, will be my go to, and PIF monthly 

Amex Blue: $500 limit, zero balance, and was my gateway into Amex.  Not really sure what I'm going to do with this card. 

University Federal Credit Union: Auto loan, 17K at 3.9% for 60 months opened in May. 

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[IncrsCreditScore1]

Agree with Mia25.  Recommend you forget about asking for an increase at 61 days; recommend you wait 6 months before asking for an increase. 

I don't know the answer to your question about product changing, but will be looking for answers to your question.