Amex cli question

[rprisco]

If I apply for a new amex (and get approved), does that have any effect on my upcoming 6 month cli? Does my cli timer start over, is it best to app new card then cli or vice versa?

[K-in-Boston]

New approvals, credit line reallocations and auto-CLIs have no bearing on the clock. Only a customer initiated CLI resets the 181 (if approved) or 91 day (if denied) clock.

[rprisco]

K thank you for that info, was thinking of apping the new Amex. I have the personal green and 2 business revolvers, Lowes and cash plus.

Was thinking of closing the lowes (2mo old 3k line 0bal) and apping the new card.

[K-in-Boston]

If you were to app for the new card, I'd highly suggest doing that prior to closing a card since your risk of not being eligible for the signup bonus would increase by doing so.  Doesn't mean you wouldn't be eligible if you did it in the other order, but I wouldn't take any chances.

[Trikoret]

Are Amex credit line increase requests soft pull? I had this card since 93 and never bothered asking for limit increase. It's at 20k. I think this is my lowest credit line. I'm thinking of Asking for a credit increase only if it's a soft pull

[K-in-Boston]

They're not a hard pull; I'm not even sure they do a fresh SP as they're based on the pull that is currently showing as your Experian FICO 08 score in your online account.  You can ask for up to 3x your current limit; at $60k they may ask for IV via a 4506-T.  If you don't want to do that you can cancel out and ask again for a lower amount.  (Then ignore the 4506-T form(s) you receive in the mail.)