AMEX 61 CLI Q's

[BluePoodle]

Ok, I am approaching my 61 mark with Amex.  My CL is $1500

I would really like to get the 3x cli.

I have been using the card pretty regularly for my bills and general expenses. Not gas/groceries. That has been going on SM.

Anyway. I have had it up to about 60% util but paid it down to $570 last month to report. Currently it is just below $500 with the payment I just made.  The next statement cut off is approaching.  Is leaving it at about 33% ok? Should I pay it down a little more?   I wanted to put enough on it to show that the amount is not sufficient (thus the 60%) but that I have the ability to keep it at a low util before it cuts a statement.

Thoughts please?

[keithB]

Pretty much you've done all you can do.  Personally, I'd pay it down more if not off completely.  Rumors persist that AMEX likes to be paid in full.  If you haven't been adding credit lines/inquiries since you got the card, you should be fine. But to try for 3x CLI with 33% utilization?  IDK, but I hope it all works out well.

[BluePoodle]

I don't know if it matters much with Amex. But my overall util of my cards is currently at 13%

[keithB]

I added 3 pulls against my history since getting my EveryDay card.  I have 16 over 2 years.  For this reason, I'm going to put off my initial request for 3x increase.  I know, I made some impulsive moves without thinking first =/

13% is good but I'd still say the 33% is a little high.  Can you pay the $500 down?  Would paying that $500 get you under 10% total utilization?  Are you going to ask a rep about 3x or hit the luv button? AMEX seems slow in reporting utilization, I'm at day 30 and they haven't even reported my balance ($0) or limit yet!  For me personally, I'd try to get it down a little more - why not get it in line with your total utilization 10-15%, instead of the 33% currently at?  That would only be $250 more.

[9CLINE]

In my case I did have about a 30% util. with them and I didn't get the full 3x I went from 6000 to 10,200, then 6mths later I was under 10% and went from 10,200 to 13,500.

Of course income and all factors come in too. The first inc. I still had the med. coll on report I had when I was approved. 6mths later waited till their last SP after baddie had come off, Util. was down and score was 758 then. Still I asked for 20,000 from the 10,200 and they countered w/ 13,500. Which I happily took. I also think since I started off at 6,000 cl with income of 50,000 then and added 2 other cards, that I am close to a ceiling they have for me on this card.. So basically I think your in good shape to 3x with the 1,500 limit.

 I say go for it, they will counter if they can't do it. I think they will do what they will do taking all factors into play....

THere is no way to know for a fact how it will turn out....

Good Luck ,,,,,,,,

[PrimeRate]

When I had my BCE w/ 0% intro; I had a 5k CL w/ a $3800 balance on the day I requested my 3x CLI, and was instantly bumped to 15k. You really have nothing to worry about here. You're using it responsibly & making multiple payments, you should have no issue.

[BluePoodle]

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@keithB wrote:

I added 3 pulls against my history since getting my EveryDay card.  I have 16 over 2 years.  For this reason, I'm going to put off my initial request for 3x increase.  I know, I made some impulsive moves without thinking first =/

13% is good but I'd still say the 33% is a little high.  Can you pay the $500 down?  Would paying that $500 get you under 10% total utilization?  Are you going to ask a rep about 3x or hit the luv button? AMEX seems slow in reporting utilization, I'm at day 30 and they haven't even reported my balance ($0) or limit yet!  For me personally, I'd try to get it down a little more - why not get it in line with your total utilization 10-15%, instead of the 33% currently at?  That would only be $250 more.

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Yes, it took forever to have them report. My first statement cut after 2 weeks but did not report. So my second statement was when they reported. 

I actually applied for my SM card first and did not get an instant approval. I think it was the 7-10 message which I thought was strange because I really didn't think there was an issue. But I think it had to do with an address change becuase once I called it they approved my ap. But I applied to Amex right after SM with a pre-approval letter/code and was instantly approved but only for $1.5k. A week later, I spontaneously apped for my target card. So yeah, there are extra HP's but on 1 extra on EX other than Amex. And 3 new TL's (including Amex) since they approved me. 

Not sure how I will do the request yet. Probably the button. 

Not sure about paying more...that is why I posted the thread...to see. I have the cash but wanted to use it on something else if it wasn't an issue with amex.

[BluePoodle]

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@PrimeRate wrote:

When I had my BCE w/ 0% intro; I had a 5k CL w/ a $3800 balance on the day I requested my 3x CLI, and was instantly bumped to 15k. You really have nothing to worry about here. You're using it responsibly & making multiple payments, you should have no issue.

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Thanks, this is what I was wondering.....

[BluePoodle]

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@9CLINE wrote:

In my case I did have about a 30% util. with them and I didn't get the full 3x I went from 6000 to 10,200, then 6mths later I was under 10% and went from 10,200 to 13,500.

Of course income and all factors come in too. The first inc. I still had the med. coll on report I had when I was approved. 6mths later waited till their last SP after baddie had come off, Util. was down and score was 758 then. Still I asked for 20,000 from the 10,200 and they countered w/ 13,500. Which I happily took. I also think since I started off at 6,000 cl with income of 50,000 then and added 2 other cards, that I am close to a ceiling they have for me on this card.. So basically I think your in good shape to 3x with the 1,500 limit.

 I say go for it, they will counter if they can't do it. I think they will do what they will do taking all factors into play....

THere is no way to know for a fact how it will turn out....

Good Luck ,,,,,,,,

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Thanks! I just really want to get my first card over $10k. So if I get the 3x this time then I am well on my way in 6 more months with Amex. Thanks for sharing!

[keithB]

Well, there you go!  This is good news for you and hopefully for me too - maybe I'll try for a 3x myself at day 61 with my extra hps as well.  Worse they can do is say no =)

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@BluePoodle wrote:

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@9CLINE wrote:

In my case I did have about a 30% util. with them and I didn't get the full 3x I went from 6000 to 10,200, then 6mths later I was under 10% and went from 10,200 to 13,500.

Of course income and all factors come in too. The first inc. I still had the med. coll on report I had when I was approved. 6mths later waited till their last SP after baddie had come off, Util. was down and score was 758 then. Still I asked for 20,000 from the 10,200 and they countered w/ 13,500. Which I happily took. I also think since I started off at 6,000 cl with income of 50,000 then and added 2 other cards, that I am close to a ceiling they have for me on this card.. So basically I think your in good shape to 3x with the 1,500 limit.

 I say go for it, they will counter if they can't do it. I think they will do what they will do taking all factors into play....

THere is no way to know for a fact how it will turn out....

Good Luck ,,,,,,,,

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Thanks! I just really want to get my first card over $10k. So if I get the 3x this time then I am well on my way in 6 more months with Amex. Thanks for sharing!

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