Amex Advice

[AC0308]

Hi All,

I'm looking for a CLI on my Blue Sky amex (Currently at 2K) and I'm also interested in a Costco True Earnings card.

As of March 1st I will have a zero balance on all cards except for one reporting about 5-600 out of 4500 (DiscoverIT)  - this is also a new account that has not posted to my credit report yet.

As of my latest Experian report via Costco Identity Guard I have a fico of 731. It is showing zero balances on all cards but Amex with a balance of 900 and The discover card has not posted yet.

My questions are....

1. Once I pay off my amex, should I wait for my credit reports to report a zero balance before asking for the CLI or True earnings?

2. Should I ask for  a CLI before applying for the True Earnings?

3. Should I also wait for my new Discover card to report it's high limit and small balance before doing anything?

4. I've also been interested in doing a product change from Blue Sky to Blue cash everyday (not preferred)  - any thoughts on whether that should be done before or after the CLI or how one affects the other?

Any feedback would be greatly appreciated!

Thanks!

[Kenny]

If you're eligible for CLI on your Amex, then I would do a CLI before you app for one. (However, the exception would be if you think that you're gonna get approved for a larger line, and then if you are then just app and wait 61 days in order to get the CLI on the new card.)

I don't think the PC on the Amex will change anything. If they will allow it, do it today.

I'll let the others answer the other questions as I'm not 100% positive on my opinion of the answer I have for them. lol (Though, I don't think that it would be a bad thing to let a larger line to report, unless it destroyed your AAoA.)