Help Evaluate My Apps and Current Situation - AMEX BPC, Chase Sapphire Pref, Venture and Discover

[lrdwilder]

Great advice from everyone so far thanks!

My avg age isn't a problem as I have very good hx of almost 15 years. The CapOne Plat and Orchard bank were both opened only 2 years ago and do not add any sig hx so I am going to go with the general consensus and axe them as I thought I would. 

I did call and ask Chase about an CLI immediately after approval, they said my highest limit was showing as an AU and that I would require additional time and that after 6 mos they may re-eval without a hard pull....so I was happy with that. 

I did not ask AMEX upon approval....happy enough with that limit to start and figured why wake the sleeping dragon. 

I did call Discover whom I figured would give a higher limit then the others but who did not and they said no without any other consideration. As this was the last app and 1 day later then the rest perhaps they saw the multiple apps and got scared. Either way I will wait my 6 mos and see what happens. 

CapOne I did not ask for or call...I figured with 2 cards they most likely wouldnt consider it so I let it go. 

Great advise about the AMEX...if I wait about 8 mos and then apply for it rather then upgrade it I would be eligable for the MR points which I am a huge fan of. After I get it I can cancel the Gold as its of no use to me to have multiple as well i believe it wont ding me to bad to take that one additional inq as the others will be older then 6 mos.

Thanks!

[LS2982]

---

@lrdwilder wrote:

Great advice from everyone so far thanks!

My avg age isn't a problem as I have very good hx of almost 15 years. The CapOne Plat and Orchard bank were both opened only 2 years ago and do not add any sig hx so I am going to go with the general consensus and axe them as I thought I would. 

I did call and ask Chase about an CLI immediately after approval, they said my highest limit was showing as an AU and that I would require additional time and that after 6 mos they may re-eval without a hard pull....so I was happy with that. 

I did not ask AMEX upon approval....happy enough with that limit to start and figured why wake the sleeping dragon. 

I did call Discover whom I figured would give a higher limit then the others but who did not and they said no without any other consideration. As this was the last app and 1 day later then the rest perhaps they saw the multiple apps and got scared. Either way I will wait my 6 mos and see what happens. 

CapOne I did not ask for or call...I figured with 2 cards they most likely wouldnt consider it so I let it go. 

Great advise about the AMEX...if I wait about 8 mos and then apply for it rather then upgrade it I would be eligable for the MR points which I am a huge fan of. After I get it I can cancel the Gold as its of no use to me to have multiple as well i believe it wont ding me to bad to take that one additional inq as the others will be older then 6 mos.

Thanks!

---

If you wait 61 days from AMEX approval you can ask for 3x CLI increase.

[lrdwilder]

After 61 days a 3x request....I'm nervous about that in some respects I'm not sure I can understand them approving me for a 30k CL....that would be crazy! LOL.....does that generate a hard pull after 61 days though?

[-Cain-]

From what I read here, AmEx CLI requests are soft pulls...

[athar]

I have just confirmed that I have been approved for Venture 1 - but, I don't know what will be my CL until I get the card in mail.

Here are my 2questions:

1. What is best strategy for CLI with Venture 1? Is it worth using and PIF, and keep asking every 3 months?

2. Is Venture just like another other cap 1 cards, as mentioned in thread above - or a card of higher notch, and very good one for long term keeping? [I have two current cards: BOA, AmEX in my portfolio - and, two Citi cards Dividend Preferred are now closed as I had rejected those change of terms back in 08].