AMEX CLI Question

[jdbkiang]

You could always ask for a lower than 3X limit on the ED, or move credit from ED to Magnet, then ask for 3x CLI too.

[Anonymous]

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@Isacking97 wrote:

Hi guys, I have 2 amex cards, I notice that it already passed 6 months since my last credit increase, One card hast a limit of 1k and the other 15k, In what card do I request the credit increase?

Thanks

15k Amex ED

1k Amex Magnet Card (Was a Blue Cash 2 months ago)

Income (Student): 10k

Scores in description!!

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I would move 5k to the Magnet card. Then, try a 3x on the ED. Then, move more to the Magnet card if you want. If you want to be more cautius, start by moving 3k to the Magnet card. Then 3x the Magnet card to hopefully end up with 12k on both.

[Shadowfactor]

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@Anonymous wrote:

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@Isacking97 wrote:

Hi guys, I have 2 amex cards, I notice that it already passed 6 months since my last credit increase, One card hast a limit of 1k and the other 15k, In what card do I request the credit increase?

Thanks

15k Amex ED

1k Amex Magnet Card (Was a Blue Cash 2 months ago)

Income (Student): 10k

Scores in description!!

---

I would move 5k to the Magnet card. Then, try a 3x on the ED. Then, move more to the Magnet card if you want. If you want to be more cautius, start by moving 3k to the Magnet card. Then 3x the Magnet card to hopefully end up with 12k on both.

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You cant ask for more then one CLI across ALL amex accounts for each 6 month period if approved.

I also believe that Amex knows when you reallocate CL's across cards and factors that into granting a CLI on a card. There was a thread about this a while ago and I think that Amex keeps track of the cards original limit before reallocation and only grants 3X on the original amount.

OP, you already have 160% of your income extended in credit with one lender. I very much think you got very lucky with the 15K cash magnet but I wouldnt poke the bear. Amex is very generous in giving credit limits but they are also very income based.

Do you really need anything higher then 16K available credit with Amex ? I would just reallocate credit from the Magnet to ED to even them out if I were you.

I know as a student, I was living paycheck to paycheck and maybe spent 500 a month on food, gas, etc. I dont see the point in having that much of a limit when your most likely not spending more then a 1K a month

[Caught750]

I agreed with oldman earlier and left it at that. I also agree with shadowfactor. I have seen DPs that if they like your profile they will grant 3x CLIs on cards with a reallocation but do is that a wise choice? Like many have said, with Amex alone you have more now than you could ever pay, so why ask for more. You risk quite a bit by asking. While Amex is generous (obviously) they aren't careless. They've extended you more credit than most would dream of. If you need to move limits then by all means but I certainly wouldn't ask for more.