@Creditaddict wrote:
It still holds true that you get 1 62 CLI on a new account but if you have 2 open at same time or open a new account you then can't turn around in 30 days and get the CLI on a previous open for 62 days right? same for 6 month CLI?
Business and Personal cross over to each other as far as CLI time right?
I'm not sure I follow you. Are you asking if you get one 61 day CLI request - period? The answer is yes so use it wisely. Then the clock is reset for another 6 months. The clock has your name on it no matter if it's personal or business - as long as you "own" the account. Does not matter if you have 6 amex credit cards, you get one CLI request at a time then reset the clock.
Edit:
Example - I have a Delta personal card with $6,000 limit and a Delta business card with $5,000 limit. I have to pick which one I am going to CLI when my time is up on May 26. If I pick the Delta personal and get 3x I will then have to wait 6 months to request CLI on my Delta business. That leaves out my SPG business that is stuck at $3,000 until May 26, 2014. I am thinking this is why people "churn" AMEX revolvers. It's easier for me to cancel the card just before the AF hits and wait a year then reapply for same card (and net the signup bonus again). Chances are strong I will get a larger limit my second go around. My last AMEX approval was a Hilton HHonors card with a $17,700 limit.
Now I am tempted to accept the offer I got today for a personal SPG and close the SPG business card. Why wait?
