CLI for Amex Full 3X, or lower???

Catherine_Credit · ‎01-15-2013

Hi All,

I got the SPG Amex last month, and will hit 61 days next month. I'm wondering if I should ask for a full 3X the CLI, or lower. They gived me $3500 CLI to start with. Currently I got Cap 1 $750, and Orchard Bank $300. Please any suggestion would be great.

Thanks.

EQ Fico: 731 - Dec 13, 2012
WellsFargo ID Prot Pull 01/29/2013
EX 741 - EQ 711 - TU 708

Goal:
Chase Hyatt, CSP

bs6054 · ‎01-15-2013

Usual advice is to just go for the 3x. If Amex want to give less, they will counter-offer.

Epcot · ‎01-15-2013

Give the full 3x amount a shot!

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 849 EX 835 TU 841

FutureBillionaire · ‎01-15-2013

@bs6054 wrote:
Usual advice is to just go for the 3x. If Amex want to give less, they will counter-offer.

+1

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Repo-ed · ‎01-15-2013

Always shoot for the 3x and then accept counter, if they offer.

5/2012: 560 credit scores across the board
12/2014: 750+
3/2017: 780+
11/2019: 833
2/2023: Experian via Chase United Explorer CC pull - 891

nicholasyud · ‎01-15-2013

Go for full 3xxxx !!!

Starting Score: 560
Current Score: ?
Goal Score: 800

Walt_K · ‎01-15-2013

I know the usual advice is go for full 3x. There are people that get straight denied however. And we can never know whether they might have been successful if they asked for less.

With an initial CL of $3500, and this being your first card with a decent limit, I might suggest an alternate approach. Why not ask for a CLI to $8500. It's not the full 3x, but it still puts you in striking distance of getting up to $25K on your next request. We are talking about trying to triple your limit in the first two months of having the account, and when your other limits are fairly low.

Of course, I have to admit, most people seem to have success with 3x, or at least get a counteroffer. So maybe I am being too conservative.

Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720

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adavis425 · ‎01-15-2013

@Walt_K wrote:
I know the usual advice is go for full 3x. There are people that get straight denied however. And we can never know whether they might have been successful if they asked for less.

With an initial CL of $3500, and this being your first card with a decent limit, I might suggest an alternate approach. Why not ask for a CLI to $8500. It's not the full 3x, but it still puts you in striking distance of getting up to $25K on your next request. We are talking about trying to triple your limit in the first two months of having the account, and when your other limits are fairly low.

Of course, I have to admit, most people seem to have success with 3x, or at least get a counteroffer. So maybe I am being too conservative.

+1

I say go for the whole thing and let them counter, if need be. Good luck!