In Leiu Of The Recent AMEX CLDs Lately...

[Gollum]

American Express gave me an automatic credit limit increase a while back (to $12,500) that I didn't want, so I reduced the credit limit to $6000 and asked them to not give me any more auto-CLIs. I recently decreased my American Express credit limit again (to $3000) and on the same day, I decreased my Capital One credit limit (from $5000 to $500 ). So my total credit limit went down $7500, and apparently that lowered my Transunion FICO 8 score by five points.

I'm hoping for a credit limit of $10,000 on a new credit card in two months, and I think the decreases I recently made will make it more likely that I get that limit since that would only add up to $2500 more than the total credit limit I had several days ago.

[Peteyglad]

I am pretty close to max eexposure with my current limits .the only one a will try to get an increase on is my Citi as it seems to be lagging behind .

[Feisarr]

I'm at ~12k and ~22k on my two AMEX cards. Was hoping to get them both to 25k at some point but the recent CLDs are making me think it's wise to lay low for a bit and see how things pan out. Though I will never use all ~34k, I feel more confident running 2-4k/month through these cards since I know it won't hurt my scores.

[K-in-Boston]

Just added another $14k since “right sizing” became a thing. Yes, I’ll continue to push. I do actually need a higher limit on my Delta Reserve since it’s become my non-category card. No point in taking a ding for exceeding 30% of its limit on months when that is necessary. Ideally, I’d like at least $100-120k just between my Delta Reserve and Starwood Luxury.

I think the conversation is (and should be) quite different between those who have huge Amex limits and never use them and those of us that actually run a huge amount through our Amex cards.

[Anonymous]

My last two Amex approvals were at 30k each. I don't see the need for more than that.  I spend around 6k a month on cards but pay off bi-weekly.  I mean other than to tell people on here I have a 60k limit on a card I don't the point to ask for an increase.  The interest rates on the cards are so ridiculously high that it would make zero sense to ever carry a balance.  Also if they decrease my limits I wouldn't care.  

High limits are great the first time you get them. But once they are the norm high limits lose their appeal. Really unless you are early in a rebuild you should never be in a position where a CLD is going to hurt you. 

[K-in-Boston]

That’s a bit of a broad statement. I’m in no stage of any rebuild, and a CLD on certain cards would certainly hurt me.

[Anonymous]

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@K-in-Boston wrote:

That’s a bit of a broad statement. I’m in no stage of any rebuild, and a CLD on certain cards would certainly hurt me.

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Why would it hurt you?  

[Anonymous]

AMEX CLDs?  I have not heard about any.  You have links to the threads?

[Anonymous]

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@K-in-Boston wrote:

That’s a bit of a broad statement. I’m in no stage of any rebuild, and a CLD on certain cards would certainly hurt me.

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You’re not the target for this CLD campaign, people who don’t actually use their cards are. I highly doubt you would have anything to worry about K. 

[K-in-Boston]

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@Anonymous wrote:

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@K-in-Boston wrote:

That’s a bit of a broad statement. I’m in no stage of any rebuild, and a CLD on certain cards would certainly hurt me.

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Why would it hurt you?  

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Cash flow, potential loss of my preferred rewards, increased utilization.