So apparently 3X is Amex's limit on CLI

HiLine · ‎08-10-2013

I called in yesterday to request a 4X CLI. The credit analyst reassured me that the bank policy would not allow anything more than a 200% increase in credit limit at a time. I've put all my spending on the Amex credit card for the past 2-3 months, and I tried to explain to her that my request was reasonable since my starting limit was relatively low, and I already had another credit card that has the requested credit limit. That led to nowhere and I had to be content with a 3X.

Sounds like my personal experience is pretty consistent with others. I guess Amex won't give anyone more than a 3X if that's their policy.

---> HiLine's personal finance blog - Follow my journey!

LS2982 · ‎08-10-2013

@HiLine wrote:
I called in yesterday to request a 4X CLI. The credit analyst reassured me that the bank policy would not allow anything more than a 200% increase in credit limit at a time. I've put all my spending on the Amex credit card for the past 2-3 months, and I tried to explain to her that my request was reasonable since my starting limit was relatively low, and I already had another credit card that has the requested credit limit. That led to nowhere and I had to be content with a 3X.

Sounds like my personal experience is pretty consistent with others. I guess Amex won't give anyone more than a 3X if that's their policy.

You can try the EO. Good luck!

EQ FICO 548 3/3/16

negg · ‎08-10-2013

So you requested 4X your CLI and your mad you didn't get it ??? Smh.

CSR.........11,900.......Delta Amex $11,200.........Marriott Rewards Premier $8000.......Discover IT $9700......Citi Preferred $8600.......Chase Freedom $10,800.....Barclay(apple) $11,600......BofA $1500.......Capital One $7400......FNO $9800......Barclay(Hawaiian airlines)$11,000......Citi Costco $15,000. June 1st 2013 0 credit cards and 575 fico. Today 117K in credit and 812 fico and ZERO INQUIRIES......ZERO. 2018 goal. 825 fico.

Open123 · ‎08-10-2013

@negg wrote:
So you requested 4X your CLI and your mad you didn't get it ??? Smh.

I don't think he's "mad," but just reporting the results of the request, sort of like in a clincial trial.

negg · ‎08-10-2013

Ok. I know Amex has the 3X put never heard of anyone getting 4X CLI on the 60th day.

CSR.........11,900.......Delta Amex $11,200.........Marriott Rewards Premier $8000.......Discover IT $9700......Citi Preferred $8600.......Chase Freedom $10,800.....Barclay(apple) $11,600......BofA $1500.......Capital One $7400......FNO $9800......Barclay(Hawaiian airlines)$11,000......Citi Costco $15,000. June 1st 2013 0 credit cards and 575 fico. Today 117K in credit and 812 fico and ZERO INQUIRIES......ZERO. 2018 goal. 825 fico.

score_building · ‎08-10-2013

Gratz! With one of the most generous lenders for increases, doesn't make sense to push it, unless are ok with possibly increasing odds of F/R. In any case, it's a guideline, it is possible to get more with the right profile and docs. IMHO for the less than exceptional instance, wouldn't be worth the complication, since the CL can grow nicely over time.

DCU EQ 5.0, Citi EQ 08 Bankcard, PenFed EX NG2
EX 08: AFCU, Amex, Chase, PSECU EX 98(?)
TU 08: Barclays, Discover

enharu · ‎08-10-2013

@Open123 wrote:
@negg wrote:
So you requested 4X your CLI and your mad you didn't get it ??? Smh.
I don't think he's "mad," but just reporting the results of the request, sort of like in a clincial trial.

+1.

Basically he's just proving one can only request 3X, nothing more, with Amex. Other lenders, such as Citi, BofA, Chase, can issue more than 3X CLI if the customer deserves one. That being said, 3X increase in CLI is more than sufficient for most people.

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).

djc1puno · ‎08-10-2013

Thanks for the info!

GARDEN GOAL: MARCH 2014
LAST APP: 08/20/2013
---=[NORTHBOUND]=---

JonStur · ‎08-10-2013

It was worth a shot, nothing ventured nothing gained....

Starting Score: TU 595 EX 600 EQ 585
Current Score: TU 820 EX 825 EQ 812
Goal Score: 800 Club (Mission Accomplished)
Amex Platinum, Amex BCP $17.5K, 5/3 Sig $10K, Capital One Quicksilver 15K, Walmart 10K, US Bank Cash+ 15K, Sam's Club 10K, Chase Freedom $6K, Discover More $15K, Chase United Club MileagePlus $33K, Costco $6K, CapOne Quicksilver One $7K, Cap One Quicksilver $5K, Amazon $3K, Barclays $12.5K, Home Depot $7.5K, AppleCard $6K

scenery_guy · ‎08-10-2013

You should have asked for 3.14159 X just to confuse them.