@Anonymous wrote:
Hey everyone,
Little confused here. I have had a Amex BCE card for a little less than a year now set at $500 CL. It hasn’t budged nor has went up hitting the luv button but I was approved for a good charge card and also the new Magnet card.
Magnet card SL is $2k while my BCE hasn’t moved. Would it be worth canceling it and applying for a new one in the near future? The -$500 off my reports shouldn’t hurt too much nor the little bit of age on the account.
When I got approved initially for the BCE my scores were around 660ish fico. They’re all hovering 700 +/- a few points. Any opinions?
Hi, OP!
A lot of things could be at play here. When did you open the BCE account? I ask because AMEX usually increases limits on the 61st day of having the account open. Also, could you provide a breakdown of your credit reports? 
@Anonymous wrote:
The account was opened mid September 2017. Ficos across the board are boarderline 700 like I said +/- a few points.
I have about 8 credit cards opened. Currently at 1% UTIL and that is out of them all. 1 car loan opened, $3300 left to pay on it. 1 personal loan as well, $2600 on that. I haven’t had a late in over 3.5 years. 11 total lates but those are back in 2013-2014 between Cap one and Synchrony. (Neither of them are budging with a goodwill) I do now have open accounts with them and are in good standing. Like I said no lates on ANY accounts in 3.5 years roughly.
The only thing I can think of are the 3.5-year-old lates, but you have been approved for 2 more AMEX cards so that cannot be it. I encourage you to call AMEX and get in touch with an underwriter/credit analyist to manually increase limit if they deem you worthy. If that fails, call AMEX's executive office to state your case—my DH did that, and his credit limit was increased.
@Anonymous wrote:
Thanks for the input. I’ll give it a shot and also see what other posters have to say as well!
Someone more knowledgeable than I will chime in soon.
Agree, your first card was borderline approved. You now got the Magnet at 2k so that is a positive sign. I would wait til you are eligble for a 3x and try on the magnet card. If they approve it you may consider seeing if you can move over the $500 and close it. If not you could always keep trying to 3x it. Seems time is what is needed with Amex. Eventually theyll open up