After reading this forum and utilizing all the great advice, today I received a myFICO alert that my EQ score had gone up 50 points, to 730! So I couldn't help myself and pulled the trigger on the Amex BCP card. I was instantly aproved , but with a limit of $1,000.
Is there a good chance that when I call on Monday that I might be able to reason with them for a little higher limit? I currently have a 35% utilization and the lowest limit I have is $3,000, with my chase being 7K and Carecredit 9k, so I'm a little curious about such a low limit, even with the 3x trick, I'll only be at 3k.
I just was a little suprised with such a low limit when I've gotten the impression that Amex is a little more loose with credit than Chase.
I also really want to thank you guys for the great advice that has helped me be in this "problem" to begin with.
Starting Score: EQ: 657
You can always ASK for more.. stranger things have happened. 
You may get an auto CLI if you use it to heck and back and have exceptional habits on your other cards, as well.
There is probably little you can do right now but use that card like you have a 100k limit.
You may get an auto CLI if you use it to heck and back and have exceptional habits on your other cards, as well.
There is probably little you can do right now but use that card like you have a 100k limit.
I would just wait and use the card and PIF until you're eligible for the 61day 3X CLI and possibly a subsequent 3X CLI.
@enharu wrote:it is very very hard for anyone to appeal their initial CLs with Amex. In a way, most people will tell you it is impossible.
Just wait till 61 days after your account is set up and request for 3x CLI. After that, you are eligible for a CLI request again in 3-6 months, depending on whether you were approved or declined for your 1st request.
+2. AMEX will grow w/ you in no time, give it 61days(which is not long) and ask for the full 3x CLI. Perhaps 35% UTIL is a lil' hefty for AMEX granting you more than $1k to start with, pay the balances down to under 30% and ask for the full 3x after 61days, and you should be fine.
@enharu wrote:it is very very hard for anyone to appeal their initial CLs with Amex. In a way, most people will tell you it is impossible.
Just wait till 61 days after your account is set up and request for 3x CLI. After that, you are eligible for a CLI request again in 3-6 months, depending on whether you were approved or declined for your 1st request.
+2. AMEX will grow w/ you in no time, give it 61days(which is not long) and ask for the full 3x CLI. Perhaps 35% UTIL is a lil' hefty for AMEX granting you more than $1k to start with, pay the balances down to under 30% and ask for the full 3x after 61days, and you should be fine.
Ok, I will do just that
The rep even told me to wait 60 days and then call back to get an increase, and gave me the backdoor number.
@CreditUnionFan wrote:You indicated your EQ score went up 50 points to 730... that is phenomenal!
Did Amex pull EQ, or EX? I've usually seen them pull EX. Your TU, EX, and EQ scores may be similar, but can be different enough to cause this.
I know! I was blown back, I couldn't believe it. I went from 50% utilization to 35% and apparently that made all the difference. There where no other factors in my report that are negative besides my balances. They pulled Ex which I only have a FAKO for, but I called and asked about the reason why the credit limit was so low, she really just told me "it's automated, I don't know", but told me my credit score was "perfect" I'm not sure if that's just her, but when I asked what it was, she said they couldn't tell me for "security reasons". Seemed weird, but I hope it is included with my card when it arrives.