amex credit line increases

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craigm1
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amex credit line increases

Postby craigm1 » Tue Apr 05, 2011 8:24 pm

End of Feburary amex increases my limit from 3k to $6800, today they raised my limit to $9800 anybody else seeing them loosen the credit up???

craigm
Current Cards: American Express:Grandfathered Blue Cash CL 34k member since 89
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Chase Marriot Rewards Premier CL 20k member since 13
Chase Sapphire Preferred CL 25K member since 13
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Discover Cashback Bonus $10.5k member since 11
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Mogul of Pineapples
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Postby Mogul of Pineapples » Mon Apr 11, 2011 3:28 pm

Were these automatic increase or did you ask for them?

I really need the limit on my Blue Cash to come up. I switched it over to my Simply Cash years ago and during the recession they took away the ability to switch credit lines from personal to business cards and vice versa. I am now stuck with a huge limit on the Simply Cash and hardly any on my Blue. When I had asked for an increase last year they said a hard pull would be required and I passed on that.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

craigm1
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Postby craigm1 » Mon Apr 11, 2011 7:00 pm

last august I had an $1300 limit on the card I asked them to raise my limit the operator said by how much I said $2500 would be nice thinking they would raise me to $2500 total they raised me $2500 to $3800 since then most months charged at least 3k a month some times maxing the card out never paying interest always paying it off at the end of the month. In Feb. I got an email they raised it 3k to $6800 then 2 weeks ago i get another email saying they raised me another 3k to $9800 the last 2 raises were not solicited. I did pay off some debt in march I wonder if the pulled my credit and saw the reduction in debt and bumped me up again. I did charge 31k last year with them. and so far this year i'm at 13k for the year I really think they like to see spending and reward it. I'm curious if they are finally loosening credit vs tightening it.
Current Cards: American Express:Grandfathered Blue Cash CL 34k member since 89
Chase Freedom CL 7.5k member since 04
Chase Marriot Rewards Premier CL 20k member since 13
Chase Sapphire Preferred CL 25K member since 13
Bank Americard Cash Rewards Signature Visa CL 14k member since 11
Discover Cashback Bonus $10.5k member since 11
US Bank Cash + Signature Visa 19k member since 12
Citibank Thank You Preffered World Mastercard $16.5k member since 14

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Mogul of Pineapples
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Postby Mogul of Pineapples » Mon May 02, 2011 2:04 pm

Wow that is the first time I have heard of automatic credit line increases from American Express since the recession. They have been aggressive with marketing in 2011 though, I guess it isn't all that surprising. But going from 1,300 to 9,800 in 9 months is surprising! Congrats man!

The last couple times I asked for a credit line increase a hard pull was required. I will try giving them a call soon and see if they are back to doing soft pull increases.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

citizensoldier
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Postby citizensoldier » Sun May 29, 2011 4:29 pm

I do not have a too favorable opinion of American Express since my limit was cut by nearly 75% two years ago.

craigm1
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Postby craigm1 » Sun May 29, 2011 10:11 pm

I was in a similar situation I had a $3100 limit and had a large balance locked in at 3.99% interest rate and was paying $50 a month for 2 years and they kept knocking my limit down till it was $1300 I paid it off in Dec. of 2009 and kept maxing the card out month after month always paying it off, last august they jacked me to $3800 at my request kept charging at least 3k a month and this year they bumped me twice without any request and now my limit is $9800 a year ago at this time it was $1300 they want to see activity and if they do they will raise your limit

craigm
Current Cards: American Express:Grandfathered Blue Cash CL 34k member since 89
Chase Freedom CL 7.5k member since 04
Chase Marriot Rewards Premier CL 20k member since 13
Chase Sapphire Preferred CL 25K member since 13
Bank Americard Cash Rewards Signature Visa CL 14k member since 11
Discover Cashback Bonus $10.5k member since 11
US Bank Cash + Signature Visa 19k member since 12
Citibank Thank You Preffered World Mastercard $16.5k member since 14

n777ua
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Postby n777ua » Tue May 31, 2011 8:43 pm

All I have is the charge card so no CL, however, there have been several posts over on the ficoforum about Amex being extremely generous lately with CLI's. (I think one member went from 5 to 12500 or something crazy like that)

craigm1
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Posts: 285
Joined: Wed Dec 01, 2010 8:44 pm
Location: toms river nj

Postby craigm1 » Wed Jun 08, 2011 3:05 pm

craigm1 wrote:last august I had an $1300 limit on the card I asked them to raise my limit the operator said by how much I said $2500 would be nice thinking they would raise me to $2500 total they raised me $2500 to $3800 since then most months charged at least 3k a month some times maxing the card out never paying interest always paying it off at the end of the month. In Feb. I got an email they raised it 3k to $6800 then 2 weeks ago i get another email saying they raised me another 3k to $9800 the last 2 raises were not solicited. I did pay off some debt in march I wonder if the pulled my credit and saw the reduction in debt and bumped me up again. I did charge 31k last year with them. and so far this year i'm at 13k for the year I really think they like to see spending and reward it. I'm curious if they are finally loosening credit vs tightening it.


update have been charging a little over 4k a month paying it off every month told them I'm concerned how it looks on my credit told them I wanted a credit increase but was leasing a car next month so only if they could do a soft pull, they checked asked how much I want and told them another $5200 to go to 15k put me on hold for 30 seconds and said your approved! a year ago at this time my limit was $1300 spend and pay and your will be rewarded!!!!!!!!!!!!!!
Current Cards: American Express:Grandfathered Blue Cash CL 34k member since 89
Chase Freedom CL 7.5k member since 04
Chase Marriot Rewards Premier CL 20k member since 13
Chase Sapphire Preferred CL 25K member since 13
Bank Americard Cash Rewards Signature Visa CL 14k member since 11
Discover Cashback Bonus $10.5k member since 11
US Bank Cash + Signature Visa 19k member since 12
Citibank Thank You Preffered World Mastercard $16.5k member since 14

User avatar
Mogul of Pineapples
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Posts: 1271
Joined: Sun Jun 01, 2008 11:32 pm
Location: Smogland

Postby Mogul of Pineapples » Mon Jun 13, 2011 9:16 pm

Going from $1,300 to $15,000 that fast is awesome- that's 11.5x increase! Another poster was concerned about his starting Amex limit being so low and I recommended he take a look at your posts for advice on how to get his higher.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred



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