Typical CLI from AMEX

[CreditPacMan]

I'll hit my 61 day with AMEX in a few days and I was wondering how much should I ask AMEX to increase my CL?

I was approved for a $1000 CL for the BCE card. What's the typical CLI for the first time with AMEX?

[Anonymous]

Go for 3X your CL.

It makes sense when you get a lower credit limit like $1,000.

[CS800]

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@Anonymous wrote:

Go for 3X your CL.

It makes sense when you get a lower credit limit like $1,000.

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+ 1

When I did my CLI, the CSR did say that they couldnt go for more than 3X of your current limit. So go for the full 3X

[Anonymous]

+1 go for 3k. Remember to have card at 0 balance.

[OhioCPA]

Actually, the recommended increase is 2x your current limit, e.g., if at $1k, ask for a new CL of $3k.

[Anonymous]

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@OhioCPA wrote:

Actually, the recommended increase is 2x your current limit, e.g., if at $1k, ask for a new CL of $3k.

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Isn't an increase from 1K to 3K, 3X the current limit?

[OhioCPA]

I understood him to ask how much of an increase he should ask for, not what the new credit line should be. Yes, the new CL would be 3x the old, but the CLI is 2x.

[CreditPacMan]

Thank you guys for the advice. 

Is this something with a guaranteed approval? I mean do I have to do the things that I would need to do when apping for a new card (i.e. getting my util% low) ?

[Anonymous]

Yes is the short answer.  However, AMEX uses the last soft pull on your credit report and your history with them to evaluate whether or not to give you CLI.

[Anonymous]

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@OhioCPA wrote:

I understood him to ask how much of an increase he should ask for, not what the new credit line should be. Yes, the new CL would be 3x the old, but the CLI is 2x.

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I don't think so.  IIRC, AmEx asks for requested limit, not requested increase.