@Anonymous wrote:
@creditguy wrote:
How are you using the card? If your nowhere close to spending your current limit, a CLI may be fruitless if you appear to not need it.Doesn't this apply for most people? Many tend to request CLI for the sake of asking.
I'll admit it. Guilty as charged.
@Anonymous wrote:I opened an American Express EveryDay card in August of 2014. This is my second year with the card. My initial CL was $2,500. I read all about the 3x CLI tricks and when I was able, I did a CLI request for $7,500 and was approved on the spot. That's where my limit sits to this day. I've tried 3 times since then, all within the appropriate amount of time (i.e. six months in between each request) and I've been denied for each request. My first request was for $22,500 (which would be 3x my current limit). Denied. Second request was for $15,000. Denied. Third request was for $10,000. Denied. Am I ever going to get another CLI from AmEx? Should I stop trying?
My credit score is in the 750 region. I've never missed a payment and I have credit going back 4 years. I make around $42,500 per year. Is $7,500 the highest I'm going to get with AmEx? I can understand why $22,500 wouldn't be approved since that's more than half of my annual income but $10k is only 1/4 of my income and I was still denied.
Any thoughts or insight would be appreciated
With any creditor the limit/CLI you qualify for is determined based on your credit profile and income. If you find yourself stuck at a certain limit then it's probably your credit profile that is the limiting factor.
Creditors do not simpyl hand out CLI's in exchange for time. The reason why a pull of your credit is used is because your entire credit profile is considered with each CLI request. It's not just about score. It's not just about the account or accounts that you hold with that one creditor.
If you want CLI's then you need to address the concerns that the creditor has with your credit profile. What are the denial reasons? What have you done to address them? Keep in mind that the reasons cited may not always be straightforward and that you may have to do some work to interpret what they mean or to find the real issues with your credit profile.
@Anonymous wrote:In my experience Discover has always been very stingy with ther CLIs. Though they did recently bump me up $1,000 without a CLI request.
Again, it's all about what your credit profile and income qualify for. I've had no problems getting significant CLI's from Discover but that's because my credit profile and income supported the CLI's. It's not a matter of generosity or stinginess of the creditor. Some creditors/products do have easier criteria than others but even the easy ones determine what to grant based on an individual's profile and income.
@Anonymous wrote:I don't actually put a lot of use on the card - I usually use my CSP card for daily purchases. My AmEx has sat at a zero balance more often than not as of late. No incentive to use it over CSP unfortunately.
When I do use the card I go nowhere near my $7,500 limit, usually only $200-$300 per month when I do use it. I just want the CLI to lower my utilization across the board. Which really isn't even high but I figure if I'm eligble for the CLI, might as well take it.
If you have low revolving utilization then why are you worrying over revolving utilization? You can always pay down balances prior to report date to drop your revolving utilization to whatever % you want.
Despite the popularity of the usage meme it's not about usage. Again, it's primarily credit profile and income and profile is usually the bigger factor.
I've received CLI's of $17K (yes, that's the increase, not the limit) on a couple of cards that had no usage. Do not rely on the usage meme.
You need to share details about your credit profile if you wantuseful feedback. We need to know if you have any derogs, if your Payment History is 100% on time, your revolving uitlization, total number of credit accounts, AAoA, how many new accounts (2 years or less) that you have, etc. Provide as much info as possible.
All that said, why the obsession over CLI's? From what you've said you have very little credit card spend.
@longtimelurker wrote:Remember, despite the overwhelming mantra on this forum of "making cards grow" if you use nowhere near your limits, and you always PIF (so you have total control of your utilization) you really don't need CLIs. Don't waste time pursuing it IMO. I would also consider seeing if you are getting value from the CSP once you pay the annual fee. Given income, you probably can't put enough money through it to make it better than a free 2% card.
Very much all of this ^
$200-300 on a CSP even if it's all 2x is only 7,200 UR points. That's $72 as statement credit. There are higher value redemptions but they typically require redeeming much, much more than 7,200 UR points. Carefully cosider rewards cards. Do the math for your spend -- and for programs like UR your redemptions as well. You don't really ahve enough for one program like UR let alone for both UR and MR (the Everday card).
@Anonymous wrote:Since they know that CSP is now your major card, they probably do not want to give you a CLI since they assume you will use the CSP more.
Not how it works. My card with my heaviest spend has never seen a CLI and cards with little or no spend have seen significant CLI's. Do not rely so heavily on usage.
@takeshi74 wrote:If you have low revolving utilization then why are you worrying over revolving utilization? You can always pay down balances prior to report date to drop your revolving utilization to whatever % you want.
Despite the popularity of the usage meme it's not about usage. Again, it's primarily credit profile and income and profile is usually the bigger factor.
I've received CLI's of $17K (yes, that's the increase, not the limit) on a couple of cards that had no usage. Do not rely on the usage meme.
You need to share details about your credit profile if you wantuseful feedback. We need to know if you have any derogs, if your Payment History is 100% on time, your revolving uitlization, total number of credit accounts, AAoA, how many new accounts (2 years or less) that you have, etc. Provide as much info as possible.
All that said, why the obsession over CLI's? From what you've said you have very little credit card spend.
Yes, people have gotten big CLIs on pretty much SD'ed cards. But most likely people won't get a CLI bump on their current highest line without using the card. That I believe is the OP's issue.
Deadrealism, I would check out all the Amex offers. See what good deals are out there. Let your friends and family know (the ones you trust) and buy things they need and have them pay you back less the offer cash back. Rack up as high as you can in a month and PIF. Keep doing that until your next CLI request time, make sure you PIF and the account currently shows $0 balance...then request the CLI.
Amex will see you spending more (which you haven't done recently) and get some swipe fees = Win
Your family and friends will get to save a little money = Win
You may have a greater chance at getting your CLI = Win
WIN WIN WIN 
@Anonymous wrote:I'm positive I'm keeping track of the days correctly. I record the date I made the request in my calendar and then try to overshoot the next request date by a week or so just to make sure.
I don't actually put a lot of use on the card - I usually use my CSP card for daily purchases. My AmEx has sat at a zero balance more often than not as of late. No incentive to use it over CSP unfortunately.
When I do use the card I go nowhere near my $7,500 limit, usually only $200-$300 per month when I do use it. I just want the CLI to lower my utilization across the board. Which really isn't even high but I figure if I'm eligble for the CLI, might as well take it.
Give it a little more time. Had the same experience, then poof (after denial, request after 91 days ). I did not need a lot of spend. The banks are tightening up a bit now. Higher scores, low utilization, are key. I actually used one of my BCP requests to raise limit on simplycash by transferring after received. Try asking 10k, then wait 180 days, and asking 15k. Keep in mind the final limit you want, and balance your other cc limits to not much over 2x income. This works for me. Close out any cards you are not using (though your sig does not indicate many cards).