Thread: amex credit line increases

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

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.

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.

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.

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

Originally Posted by craigm1

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!!!!!!!!!!!!!!

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.