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AMEX 3X CLI not working for me!

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egaithe
Regular Contributor

AMEX 3X CLI not working for me!

I have 5 Amexs, all of them are 3 years old, with the exception of AMEX Plat (i got in August 2018). I haven't gotten the 3x CLI yet! What gives?

EQ-660, TU-687, EX-646
Goal: 750s in all
Message 1 of 13
12 REPLIES 12
simplynoir
Community Leader
Mega Contributor

Re: AMEX 3X CLI not working for me!

What are your limits on your current AMEX revolver cards?

Message 2 of 13
egaithe
Regular Contributor

Re: AMEX 3X CLI not working for me!

3 have $1,000, 1 at $2,000, then AMEX plat

EQ-660, TU-687, EX-646
Goal: 750s in all
Message 3 of 13
simplynoir
Community Leader
Mega Contributor

Re: AMEX 3X CLI not working for me!


@egaithe wrote:

3 have $1,000, 1 at $2,000, then AMEX plat


Sounds like your scores are holding you back. Any chance you recall what the letter said as far as why they declined your recent CLI request?

Message 4 of 13
Jnbmom
Credit Mentor

Re: AMEX 3X CLI not working for me!

If they started you at the lower end SL 1K, it is much harder to get an increase.

EXP 780 EQ 791TU 795
Message 5 of 13
egaithe
Regular Contributor

Re: AMEX 3X CLI not working for me!

High utilization....my payment history is impeccable though. Always more than minimum.

EQ-660, TU-687, EX-646
Goal: 750s in all
Message 6 of 13
FinStar
Moderator Emeritus

Re: AMEX 3X CLI not working for me!

How long have you been carrying high utilization OP?  Are you making just the minimum payments on your other tradelines?  What about the balances on your AmEx revolvers...are those currently at $0? And, what is your overall utilization...40%, 60%, higher?  What about your FICO 8 scores from AmEx?

 

While you mention that your payment history may be "impeccable", there are other elements that most lenders take into consideration when evaluating for CLIs.  Potentially, AmEx views you as overextended.

Message 7 of 13
CreditInspired
Community Leader
Super Contributor

Re: AMEX 3X CLI not working for me!

Carrying high balances on CCs, especially AmX, is not a good idea. They like transactors. Get your UT below 8.9% and make huge monthly payments. When I can’t PIF, I pay 10x minimum.  


|| AmX Cash Magnet $40.5K || NFCU CashRewards $30K || Discover IT $24.7K || Macys $24.2K || NFCU CLOC $15K || NFCU Platinum $15K || CitiCostco $12.7K || Chase FU $12.7K || Apple Card $7K || BOA CashRewards $6K
Message 8 of 13
egaithe
Regular Contributor

Re: AMEX 3X CLI not working for me!

2 are at 0%, 1 at 80% and 1 at 30%

EQ-660, TU-687, EX-646
Goal: 750s in all
Message 9 of 13
FinStar
Moderator Emeritus

Re: AMEX 3X CLI not working for me!


@egaithe wrote:

2 are at 0%, 1 at 80% and 1 at 30%


Is that just with AmEx?   What about the rest of your other CCs?

Message 10 of 13
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