@luckydiva95 wrote:Is there a certain spending pattern that AMEX prefers to qualify for Credit Line Increases? I spend $800 a month on my BCP and I make multiple payments a month.
Like everything credit-related, I'm sure there's no black-and-white answer. From my own experience, though, I can tell you that I recently got a $5,000 increase on my BCP, and I had been putting up to $3,000 a month on it. I never, ever make multiple payments per month, on any card, so I don't know how or if that factors in.
@luckydiva95 wrote:Is there a certain spending pattern that AMEX prefers to qualify for Credit Line Increases? I spend $800 a month on my BCP and I make multiple payments a month.
Like everything else with AmEx no one can say for sure. But as with any card issuer yes they want to see usage for sure so it can't do anything but help. Looking at your Sig Line though it says you already have a $10K limit on the card so I'm not sure a spend of only $800 a month against that Limit will make a whole lot of difference though. I also don't understand multiple payments in one month on such a low amount. Personally I only make one payment a month, several days before the Due Date and PIF and I have a lot large amounts across all 4 of my AmEx cards each month.
AmEx doesn't like people to carry a balance, so PIF is always good. I don't think it makes a difference if you do multiple payments in a month vs one large payment, but PIF or staying below 30% along with a lot of spending is going to be your best bet.
I use 5% of its limit and seems to work well. I pay in full with 1 or multiple payments. @luckydiva95
I too was wondering what the best method is. I received a BLUE CASH PREFERRED a few weeks back with a 1k limit. I put around 600 first month a PIF before statement and this second cycle planning on doing the same. This way I think I have better odds at doing a 3x CLI on day 61 of the card.
@learningcredit54 wrote:I too was wondering what the best method is. I received a BLUE CASH PREFERRED a few weeks back with a 1k limit. I put around 600 first month a PIF before statement and this second cycle planning on doing the same. This way I think I have better odds at doing a 3x CLI on day 61 of the card.
Temper expectations as far as even qualifying to ask for a CLI at 61 days. I got the same card, same limit, back in December, and had to wait nearly 6 months before even being *allowed* to ask for a CLI. It *was* granted, though, thankfully. But I didn't PIF. I've been leaving some balances on it since it's at 0% until Dec of this year.
Because of those $1000 starting limits...
Starting Score: 512
@OmarGB9 wrote:
@learningcredit54 wrote:I too was wondering what the best method is. I received a BLUE CASH PREFERRED a few weeks back with a 1k limit. I put around 600 first month a PIF before statement and this second cycle planning on doing the same. This way I think I have better odds at doing a 3x CLI on day 61 of the card.
Temper expectations as far as even qualifying to ask for a CLI at 61 days. I got the same card, same limit, back in December, and had to wait nearly 6 months before even being *allowed* to ask for a CLI. It *was* granted, though, thankfully. But I didn't PIF. I've been leaving some balances on it since it's at 0% until Dec of this year.
Great dp, thanks.
Did you get 3x limit when they did grant the CLI?
