Hello, gang!
I wanted some advice regarding my AMEX BCP. It's my newest card, and although I was excited when they accepted my application, I was let down with the SL they gave me. A whopping $1,000. This is by far my lowest limit, and I'd like to work it up over the next couple of years.
I will attempt my first CLI at the 91-day mark, but I was curious if with such a low SL, if I should still only aim for $3,000 following the 3X rule. Have any of you had a low SL with this card and shot for the moon on your first CLI with any success?
Annual income sits around $130,000, with the balance across all of my cards being paid in full each month, with exception to one which is my AZEO card.
@AirPodMax wrote:Hello, gang!
I wanted some advice regarding my AMEX BCP. It's my newest card, and although I was excited when they accepted my application, I was let down with the SL they gave me. A whopping $1,000. This is by far my lowest limit, and I'd like to work it up over the next couple of years.
I will attempt my first CLI at the 91-day mark, but I was curious if with such a low SL, if I should still only aim for $3,000 following the 3X rule. Have any of you had a low SL with this card and shot for the moon on your first CLI with any success?
Annual income sits around $130,000, with the balance across all of my cards being paid in full each month, with exception to one which is my AZEO card.
I recently saw somebody go $1k - $5k, so I'd probably go $5k if the profile fits, which yours appears to fit
$1k -> $3k -> $9k -> $27k is very common in the first year of an AmEx card. There are lots of threads with numbers like this on MF. I went from $2k -> $6k -> $12k in 9 months, but I don't know about the 3x rule at the time. I was denied $25k at one year because I had recently been approved for a $25k Hilton card and they were not willing to extend $50k total to me. Oh well. I'm happy with $37k considering I've only been an AmEx member 13 months.
I'm going to basically, re-use a response I gave in another, very similar post. Just go for it. They may allow you beyond your 3x; but, they may counter and only give you 3x (or whatever they are comfortable with). I had, at one point, tried to get a CLI to $19,000 from $6,000. They countered with $18,000.
My advice is that you just spend normally, pay your statements in full, and request every 91 days. Here's a link showing the first CLIs I received on my AmEx BCE. American Express has consistently been very generous to people. Tripling up allows you to get away from toy limit territory very quickly, if that is a goal of yours.
@PayAndProsper escribió:I opened my AmEx BCE August 23 with a $2,000 SL, requested and received my first 3x CLI to $6,000 102 days later on December 3, and requested a CLI to $19,000 96 days later on March 8, which was partially approved in the amount of $18,000, another 3x.
I got an instant CLI from $18,000 to $35,000 on June 24, 2024 that I do not believe I posted about on the forums. After that, I did not need any more, so I have not requested any more CLIs from them.
All in all, the card went from $2,000 to $35,000 in less than a year with light usage and recently has become my card with the lowest APR amongst all of my major bank-issued credit cards @ 16.99% (Prime + 9.49%).
@Varsity_Lu wrote:
$1k -> $3k -> $9k -> $27k is very common in the first year of an AmEx card. There are lots of threads with numbers like this on MF. I went from $2k -> $6k -> $12k in 9 months, but I don't know about the 3x rule at the time. I was denied $25k at one year because I had recently been approved for a $25k Hilton card and they were not willing to extend $50k total to me. Oh well. I'm happy with $37k considering I've only been an AmEx member 13 months.
Awesome info, thank you very much!! Goal is to crack $100k total revolving credit by end of year, I think this card will help me accomplish that if I can hit the 1>3>9>27 stride!
@AirPodMax wrote:Hello, gang!
I wanted some advice regarding my AMEX BCP. It's my newest card, and although I was excited when they accepted my application, I was let down with the SL they gave me. A whopping $1,000. This is by far my lowest limit, and I'd like to work it up over the next couple of years.
I will attempt my first CLI at the 91-day mark, but I was curious if with such a low SL, if I should still only aim for $3,000 following the 3X rule. Have any of you had a low SL with this card and shot for the moon on your first CLI with any success?
I was at little insulted when they approved me for only $1k.
When I was able to request a CLI, I asked for 9k, a 9x increase.
It was denied, with no counter-offer, AND I was unable to make another request for 91 days!
When the time came again, I asked for 3x and was instantly approved. 3k was still my lowest CL, but ok.
91 days later, I was able to make another request. Asked for 9k and got that 3x. This is a respectable limit for me, but nothing great.
91 more days, I asked for 3x, got 27k, my highest CL!
https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Amex-BCP-3x-Again/td-p/6819765
EQ8 778, TU8 763, EX8 772 as of May 20
@mgood wrote:
When I was able to request a CLI, I asked for 9k, a 9x increase.
It was denied, with no counter-offer, AND I was unable to make another request for 91 days!
This freaks me out!! I will definitely just shoot for the 3X. Thanks for sharing your experience.
@AirPodMax wrote:
@mgood wrote:When I was able to request a CLI, I asked for 9k, a 9x increase.
It was denied, with no counter-offer, AND I was unable to make another request for 91 days!
This freaks me out!! I will definitely just shoot for the 3X. Thanks for sharing your experience.
But still grew from 1k to 27k in about a year even with that goof.
4/12/24 SL $1k
10/20/24 x3 $3k (see, there was about 6 months there because I messed up on the first request)
01/19/25 x3 $9k (91 days)
04/20/25 x3 $27k (91 days)
And it's possible that they wouldn't have given me a CLI with the first request anyway. It may not have been just because I asked for too much. I had been turned down for a BCE once or twice because of too many cards opened too recently. When I was approved for the BCP, the low limit was because I had even more new credit than I'd had when I was denied the BCE. So they just barely let me slide in. Maybe even if I'd asked for 3x the first time, they would have said "Naw, let's let this guy stay where he is for a few more months." I don't know. I do know that most people here said you could ask for up to 3x and I asked for 9x and was denied.
@mgood escribió:
@AirPodMax wrote:
@mgood wrote:When I was able to request a CLI, I asked for 9k, a 9x increase.
It was denied, with no counter-offer, AND I was unable to make another request for 91 days!
This freaks me out!! I will definitely just shoot for the 3X. Thanks for sharing your experience.
But still grew from 1k to 27k in about a year even with that goof.
4/12/24 SL $1k
10/20/24 x3 $3k (see, there was about 6 months there because I messed up on the first request)
01/19/25 x3 $9k (91 days)
04/20/25 x3 $27k (91 days)
And it's possible that they wouldn't have given me a CLI with the first request anyway. It may not have been just because I asked for too much. I had been turned down for a BCE once or twice because of too many cards opened too recently. When I was approved for the BCP, the low limit was because I had even more new credit than I'd had when I was denied the BCE. So they just barely let me slide in. Maybe even if I'd asked for 3x the first time, they would have said "Naw, let's let this guy stay where he is for a few more months." I don't know. I do know that most people here said you could ask for up to 3x and I asked for 9x and was denied.
I think this is likely. In my experience, I was rejected and countered to 3x when I asked for more ($19,000 from $6,000 and ended up being granted $18,000). So, at worst, it's a YMMV situation.
I'm in a similar spot with this card and the CL. I was approved for BCP, and it was one of my first credit cards after my Chapter 13 discharge. They started me out with a $1,000 limit. I got the Platinum 2 months later, after the income review. However, I've been unable to get them to increase it since their denial response was always due to a bankruptcy on my credit reports. Still, they approved me for this BCP, Platinum, and most recently the Delta Reserve for $ 4,400 with the same BK showing, so it didn't make any sense. My utilization rate is typically 10-11% on three other cards; however, I spend about $ 3,000-$3,500 a month across all of them and pay off my American Express cards each month, rarely carrying a balance with them, and have a higher income.
My BK is finally off my CR's now, and I'm due to request a CLI on May 8th, so I'm anxious to see what happens this time when I ask.
