60 Day Credit Limit Increase

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
49 posts
DeadSpider
Platinum Member
Platinum Member
 
Posts: 82
Joined: Tue Jun 12, 2012 10:51 am
Location: Las Vegas

approval date

Postby DeadSpider » Sun Jun 24, 2012 12:08 pm

My AMEX approval letter says May 22nd so is it from approval date or activation date which was June 1st ?

I think approval date should work.

Is it online credit limit upgrade or just call the 800 # and it's automated option ?

I'm going to ask for 3X the limit for 30K
Cap! QuickSilver VISA 2005 $6500
Chase Freedom MC 2006 $5000
Amex Sky 1999 $2000
BCE 1999 $8800
NFL 2013 $1500
Discover IT 2013 $3500
FICO July 16/2012 ---- 742 Experian (Amex)
BK comes off ---- 9/2014


agp
Centurion Member
Centurion Member
 
Posts: 709
Joined: Fri Apr 20, 2012 10:24 pm
Location: US&A

Postby agp » Mon Jun 25, 2012 2:58 pm

bmw1990Z wrote:Ok I have questions:
1) does this apply for a college student like me who just got my Amex this month?
2) do you have to ask for 3x? (mine is 2k so ask for an increase to 10k?!)
3) do you have to after 60 days or could you wait til longer?


1. Applies to everyone who has a non-charge card from Amex Centurion Bank.
2. You can go for higher than 3X, but approval is not guaranteed.
3. You can wait longer.

DeadSpider wrote:My AMEX approval letter says May 22nd so is it from approval date or activation date which was June 1st ?

I think approval date should work.

Is it online credit limit upgrade or just call the 800 # and it's automated option ?

I'm going to ask for 3X the limit for 30K


Approval date. I activated my card two weeks after I received it, and called 2 months after the approval date.

Some people said they had CLI option online, but I didn't. So I just called the number on the back of the card. Then you go through an automated system which takes 3 minutes. Easy and painless.

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred

bmw1990Z
Centurion Member
Centurion Member
 
Posts: 341
Joined: Sun Mar 18, 2012 10:08 am
Location: USA

Postby bmw1990Z » Mon Jun 25, 2012 4:15 pm

Why this a "almost guaranteed, unwritten rule" for Amex?
Cards in my wallet:
-Citi Forward Card for College Students-July 2011
-American Express Platinum Delta Skymiles--July 2013

agp
Centurion Member
Centurion Member
 
Posts: 709
Joined: Fri Apr 20, 2012 10:24 pm
Location: US&A

Postby agp » Tue Jun 26, 2012 8:35 pm

I'm not too concerned about that. What I really want to know is after this CLI, what should I do after 180 days... Go for another 3X?

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred

hematino
Centurion Member
Centurion Member
 
Posts: 339
Joined: Fri May 11, 2012 4:08 pm
Location: Atlantic City, NJ

Postby hematino » Fri Jun 29, 2012 12:48 am

I tried it for my Blue Cash Preferred, I opened it in March and requested a CLI last week, through the phone prompts. Got denied, too many inquiries (due to an appfest, i had 5 on Experian all from this year). My CL is only $2000 and I asked for a total of $3500. ~15% utilization at the time. My 2 highest limit cards (PenFed Platinum Cash Rewards and Chase Sapphire Preferred) are both $6000 if that makes a difference.
Now she's eyeless.
The snakes she held once
Eat up her hands.

agp
Centurion Member
Centurion Member
 
Posts: 709
Joined: Fri Apr 20, 2012 10:24 pm
Location: US&A

Postby agp » Fri Jun 29, 2012 5:47 am

It seems like the 3X CLI only works a few days after the 60 day mark then... Weird if you ask me.

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred

Ratfacedudeguy
Centurion Member
Centurion Member
 
Posts: 362
Joined: Wed May 30, 2012 8:10 pm
Location: Baltimore

Postby Ratfacedudeguy » Fri Jun 29, 2012 8:35 am

To be honest with you guys, this 3x CLI thing is the only reason I want a BCE. Perhaps that's one of the reasons why they're so strict on their approval policies for the revolvers -- if they approve you for one limit, they essentially have to be willing to approve you for 3x that limit.
Amex Green - NPSL - 05/12
Amex Zync - NPSL - 06/12
Discover it - $7750 - 11/12
Chase Sapphire Preferred Visa Signature - $5000 - 11/12
SECU Platinum Visa - $5000 - 08/08
Bank of America Cash Rewards Platinum Plus Visa - $3000 - 06/08
Citi Diamond Preferred Mastercard - $3000 - 05/12
GECRB Old Navy Visa - $2500 - 11/12
Chase Amazon Visa - $2000 - 11/12
Chase Freedom Visa - $2000 - 07/12
Citi Thank You Visa - $1000 - 06/12
Amex Blue Cash Everyday - $1000 - 01/13

bmw1990Z
Centurion Member
Centurion Member
 
Posts: 341
Joined: Sun Mar 18, 2012 10:08 am
Location: USA

Postby bmw1990Z » Fri Jun 29, 2012 8:42 am

it still makes no sense to me why they'd approve you for 3x your limit after only 61 days with the card! I can understand in certain situations why, but for the most part I don't see how this could work.
Cards in my wallet:

-Citi Forward Card for College Students-July 2011

-American Express Platinum Delta Skymiles--July 2013

Ratfacedudeguy
Centurion Member
Centurion Member
 
Posts: 362
Joined: Wed May 30, 2012 8:10 pm
Location: Baltimore

Postby Ratfacedudeguy » Fri Jun 29, 2012 8:49 am

It seems to me from what I've read that they tend to lowball you when they approve you in hopes that you don't know about the 60 day CLI method so they can limit their risk exposure.
Amex Green - NPSL - 05/12
Amex Zync - NPSL - 06/12
Discover it - $7750 - 11/12
Chase Sapphire Preferred Visa Signature - $5000 - 11/12
SECU Platinum Visa - $5000 - 08/08
Bank of America Cash Rewards Platinum Plus Visa - $3000 - 06/08
Citi Diamond Preferred Mastercard - $3000 - 05/12
GECRB Old Navy Visa - $2500 - 11/12
Chase Amazon Visa - $2000 - 11/12
Chase Freedom Visa - $2000 - 07/12
Citi Thank You Visa - $1000 - 06/12
Amex Blue Cash Everyday - $1000 - 01/13

bmw1990Z
Centurion Member
Centurion Member
 
Posts: 341
Joined: Sun Mar 18, 2012 10:08 am
Location: USA

Postby bmw1990Z » Fri Jun 29, 2012 2:32 pm

Ratfacedudeguy2 wrote:It seems to me from what I've read that they tend to lowball you when they approve you in hopes that you don't know about the 60 day CLI method so they can limit their risk exposure.


can you post a link to info about this?
Cards in my wallet:

-Citi Forward Card for College Students-July 2011

-American Express Platinum Delta Skymiles--July 2013



Return to “American Express”

Who is online

Users browsing this forum: No registered users and 2 guests