60 Day Credit Limit Increase

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agp
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60 Day Credit Limit Increase

Postby agp » Fri Jun 22, 2012 6:49 am

My 60 day mark for my Amex is nearing and I am looking for requesting a 3X CLI but have a few questions...

1. Is it 60 days from approval, activation, or first purchase?
2. Do you apply on the 60th day, or after the 60th day?
3. Do you have to pay off the balance from the second month before apply? I ask this because I have automatic payment set up (pays 15 days after due date) and want to know if/how it works.
4. Do you just call the number on the back of the card? Or is there another number?

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


American
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Postby American » Fri Jun 22, 2012 8:54 am

1. It's in between approval and activation. You can call an account Rep to figure it out. My BCE was approved on the 18th, but the account was made on the 28th. It's typically when your balance closes each month for AMEX.

2. I haven't done the 60th day, but I have done the 61st Day and was approved.

3. Nope. I was at 1,950 of 2,000 CL, and I was approved for 6k. The 60 day increase is 3x the CL.

4. The number on the back works.
American Express '02: Platinum, Blue Cash Preferred 6k, SPG 2k, Delta Gold 1k
Barclaycard '11: Apple Financing Card 2.5k
Citi: Diamond Rewards 1.5k
Chase: Freedom 500
Discover '12: Discover IT 1.5k

CC Deville
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Postby CC Deville » Fri Jun 22, 2012 3:33 pm

Just to be on the safe side, I would wait until the 61st day. People on other forums recommend that.

agp
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Postby agp » Sat Jun 23, 2012 10:55 am

Called today, the day I got my second statement. Requested 3X increase and got approved!

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

bmw1990Z
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Postby bmw1990Z » Sat Jun 23, 2012 6:08 pm

Is this 3X increase some sort of Amex secret or gauraunteed thing?
Cards in my wallet:
-Citi Forward Card for College Students-July 2011
-American Express Platinum Delta Skymiles--July 2013

agp
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Postby agp » Sat Jun 23, 2012 6:17 pm

Basically, haven't heard about anyone getting denied.

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

bmw1990Z
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Postby bmw1990Z » Sat Jun 23, 2012 11:52 pm

Doest make sense to me. Why would they give you 3x your credit limit
Just 60 days into a new account? Wouldn't that be a
Flag for financial review? Is it a hard
Pull?
Cards in my wallet:

-Citi Forward Card for College Students-July 2011

-American Express Platinum Delta Skymiles--July 2013

DeadSpider
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Postby DeadSpider » Sun Jun 24, 2012 1:28 am

My new Amex BCP was first activated on June 1st so ask for CLI on August 1st ?

10K credit limit i was thinking ask for 30K or stick to 25K ?
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
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Postby agp » Sun Jun 24, 2012 6:56 am

bmw1990Z wrote:Doest make sense to me. Why would they give you 3x your credit limit
Just 60 days into a new account? Wouldn't that be a
Flag for financial review? Is it a hard
Pull?


It's a soft pull. I don't find FR constitutional but if it comes down to it I'll let them review all they want.

DeadSpider wrote:My new Amex BCP was first activated on June 1st so ask for CLI on August 1st ?

10K credit limit i was thinking ask for 30K or stick to 25K ?


Do 30K. If you ask more than 30K it might be a little risky, but 30K and under is a 99% guaranteed approval.
And yes, June 1st - August 1st sounds good. Mine was approved on April 23rd, and CLI approved June 23rd.

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

bmw1990Z
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Postby bmw1990Z » Sun Jun 24, 2012 7:25 am

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?
Cards in my wallet:

-Citi Forward Card for College Students-July 2011

-American Express Platinum Delta Skymiles--July 2013



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