How fast can AMEX CL grow?

[b_seeker]

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@electra wrote:

Thanks! My income is north of $200k so I was really surprised at the $1k CL.  I guess it's because of my old tax liens.  

So, at 61 days ask for $3k?  

Then 6 months after that I can ask for $9k or can I ask for more?

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Amex, I believe, will deny any increase requested over 3x. (I think the sticky explains this but its been awhile since I read it). Keep in mind that once you reach the point where you ask for over 25K (If you ever do), typically, but not always, they will request tax documents for income verification.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

We should make a sticky on this!  Let's call it:

http://ficoforums.myfico.com/t5/Credit-Cards/The-Definitive-Amex-3X-CLI-Guide/td-p/1811071

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LOL, no need to be sassy. 

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It does need to pointed out.  A lot of work went into that document, and it's VERY visible as one of the last stickies, but we still have people giving slightly wrong information on this thread.

Sassy is called for at times.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

We should make a sticky on this!  Let's call it:

http://ficoforums.myfico.com/t5/Credit-Cards/The-Definitive-Amex-3X-CLI-Guide/td-p/1811071

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LOL, no need to be sassy. 

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It does need to pointed out.  A lot of work went into that document, and it's VERY visible as one of the last stickies, but we still have people giving slightly wrong information on this thread.

Sassy is called for at times.

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That would be me, so I apol for that.

[armbenderc]

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@electra wrote:

I apped for AMEX BCP last Thursday and was in pending state until I called today. Turns out that I still had a fraud alert on EX that I thought had been removed.  So, just had to answer some questions and verify phone and now APPROVED!

So, that's the good news, the bad news is the CL.  $1000   What am I supposed to do with that??

I know that at 61 days you can ask for a 3X CLI but is that the max?  $3k would still be a pretty crappy CL for me.  How quickly can this grow?  Can I ask for 3X every 61 days?

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As fast as your income and credit profile will support it.

If you get it with 2k starting CL,

61 days = 6k

6 months = 18k

12 month = 25k or higher (higher = probably require document)

[Revelate]

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@electra wrote:

I apped for AMEX BCP last Thursday and was in pending state until I called today. Turns out that I still had a fraud alert on EX that I thought had been removed.  So, just had to answer some questions and verify phone and now APPROVED!

So, that's the good news, the bad news is the CL.  $1000   What am I supposed to do with that??

I know that at 61 days you can ask for a 3X CLI but is that the max?  $3k would still be a pretty crappy CL for me.  How quickly can this grow?  Can I ask for 3X every 61 days?

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Somewhat recently Amex has been taking what I'd term as "mixed" files (both of us fall into that category) with decent incomes and simply giving them a comparitively starter limit.  This started roughly back in June of '12 when they changed their underwriting standards to be more lenient: starter limits have less exposure on not quite ideal credit applicants, but ones which Amex feels have the potential to be good customers.

We're talking 14 months to a 25K tradeline if your profile supports it, or higher if you feel like submitting tax returns.   Personally I don't consider this to be a long walk, it's actually absurdly short in the grand scheme of things when it comes to credit building or re-establishment.

It was no trouble for my own BCP to go from 1->3K, and I suspect I'll get the 9K bump too I think in September.  25K is probably a stretch for me with my current spending patterns as I can't conveniently max that out in a given month, but honestly I'd be tickled pink getting a 5K CL this year, as I wasn't expecting that till 2014 at the earliest with my own profile.  You're further ahead than I am from the sounds of it, and you have another 50k+ in potential discretionary income so you'll likely be able to push it further than I.

[indiolatino61]

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@electra wrote:

I apped for AMEX BCP last Thursday and was in pending state until I called today. Turns out that I still had a fraud alert on EX that I thought had been removed.  So, just had to answer some questions and verify phone and now APPROVED!

So, that's the good news, the bad news is the CL.  $1000   What am I supposed to do with that??

I know that at 61 days you can ask for a 3X CLI but is that the max?  $3k would still be a pretty crappy CL for me.  How quickly can this grow?  Can I ask for 3X every 61 days?

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I wouldn't ask for a CLI EVERY 61 days......but I'm sure it will grow.

[CredittotheMax]

My income is 10k and I was approved for 2k CL. Then, increase to 3.6k this month, but I am a student tho.