3X CLI - which AMEX card?

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brianjb
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3X CLI - which AMEX card?

Postby brianjb » Tue Aug 27, 2013 6:30 am

I have three AMEX cards (Costco one, BCE, Hilton Honors). I got them all within a 10 day period.

The Costco has a $2500 limit, and the BCE & Hilton Honors have $10K each.

What should my strategy be on getting the CLI? Should I try to raise the $2500 one to $7500? Or should I try to raise one of the $10K cards to $30K?

After I do the initial 61 day CLI, I plan on trying to raise one of the others in 6 months. Then I plan on trying to raise another one every 6 months.

Does this strategy sound ok? Which AMEX card should I try to raise first?

My reference, I have spent about $2K on the Costco one so far and have paid it off. I have spent about $600 on the Hilton and have paid it off. I plan on using the BCE and paying it off as well.


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djrez4
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Postby djrez4 » Tue Aug 27, 2013 11:50 am

Amex generally cuts off the soft pull 3x CLI at $24,000, so your two $10k cards won't get a full increase. You also haven't really used them enough for Amex to give you a full 3x. I think the Costco card is the only one that they'd consider increasing.
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brianjb
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Postby brianjb » Tue Aug 27, 2013 12:01 pm

djrez4 wrote:Amex generally cuts off the soft pull 3x CLI at $24,000, so your two $10k cards won't get a full increase. You also haven't really used them enough for Amex to give you a full 3x. I think the Costco card is the only one that they'd consider increasing.



Thank you for the input. How much do I need to spend on them before I ask for the increase on the $10K cards?

Robrus1
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Postby Robrus1 » Tue Aug 27, 2013 12:33 pm

There's not a particular amount, although I'd run at least 2-3K through them, myself. Just use them frequently and pay on time, preferably in full. +1 with djrez4 on Costco CLI.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K

brianjb
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Postby brianjb » Tue Aug 27, 2013 12:50 pm

Robrus1 wrote:There's not a particular amount, although I'd run at least 2-3K through them, myself. Just use them frequently and pay on time, preferably in full. +1 with djrez4 on Costco CLI.


Thanks! I have already ran about $2K through the Costco one. I will definitely do more before I ask. I pay most of it before the statement prints, then pay in full the remainder. I don't know if this is a good strategy or not. For example, if I have $1500 on it, I will pay $1200 before statement prints, then pay the remaining $300 once statement prints.

Robrus1
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Postby Robrus1 » Tue Aug 27, 2013 1:03 pm

brianjb wrote:Thanks! I have already ran about $2K through the Costco one. I will definitely do more before I ask. I pay most of it before the statement prints, then pay in full the remainder. I don't know if this is a good strategy or not. For example, if I have $1500 on it, I will pay $1200 before statement prints, then pay the remaining $300 once statement prints.


That's a great strategy.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K



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