I have three cards with American Express… I was told that once you receive a total of 25,000 credit limit across-the-board you may open yourself up to financial review My three are a little over 30,000 and I have not been required to produce any financial documents. I truly appreciate my relationship with American Express. I could see myself downgrading or eliminating other bank cards and sticking to American Express only. Thank you for this insightful video🏆🏆🏆
I fully relate & agree with you. Amex has always been amazing with me albeit I’ve always been responsible with my cards. I sense it’s people who over manipulate lie or cheat who get flagged. Be honest & real with them & im confident they’ll reciprocate in kind. They’re one of the oldest most prestigious financial credit/charge card institutions around. Customer service is always top notch as well.
pretty sure the general consensus was 25k on a single card, 35k combined "might" trigger a financial review. but it's definitely not a hard fast rule. i personally don't think your credit limit alone would automatically trigger it, if even at all. i know plenty of people, myself included, that have more then 25k on a single card and more then 35k cumulative and have never had a FR.
I also got the BCE as my first Amex card with a $2000 starting limit, and 96 days later, I requested a CLI to $7000, got $6000. It was saying that my account was too new when I tried from 91-94 days after account opening. I hope to get another 3x in July 🙃
Not sure I maybe I did the wrong steps but I got the Amex gold card. I met the spend limit in two months and then I applied and got the platinum card. They did do a second hard pull. Just a data point for you.
How long ago was this? You’re the first I’ve heard this happen to unless you got the business card first then the personal. That’s usually when that happens.
Quick question for anyone that might be able to help. What is the easiest way to verify the exact date you revived your last credit limit increase. Thanks in advance.
I got approved for my first AMEX Delta Gold card on March 21st and a Hilton Surpass card on March 28 with 5K limits each. On April 29th I for some reason wanted to see if I was ambitious to apply for the Delta Platinum card and I was instantly approved!!! When can I ask for my first credit limit increase on my first two cards. I heard 60 days or is it 90days ?
Hey Carl my experience was a lot different then what you’re saying I’ve Requested serval time for a CL in each time I was refuse denied . So I moved CL from another Amex card with a Higher CL to my Blue cash card . That how I got A credit Incase .I have seen were they offer me the Preferred BC card .
@@micahgreene4573 I just recently asked for credit card limit and was a small increase. I might get the Amex Gold next year or a different card. Thanks for the feedback
I applied for the same card and got the same CL. I'm hoping that if i just hold the card for 90 days i can get it to at least 20k. Let me know if you end up doing the same!
I'll Definitely be asking for a limit increase after the 90 days, even added a amex blue buisness cash card to get buisness credit built up. They also only did a 2k limit on it to but so far no additional hp and has not shown on my personal credit.
Idk if I'm screwed or not. I got an email from several monitoring services that my SSN had been detected on the Dark Web so I put fraud alerts on all 3 big CRA's. Can I still get CLI's with these alerts? Idk....
You have to wait a full year from the date you applied the fraud alert. Otherwise there's alot of hassle you gota go through to apply for any credit including cli
I have requested CLI I was denied, they said I had reached my limit, usage 25% over all. I have Gold Green and Blue , so my Credit Limit over all is low compared to what you are saying. I have NAVY FED my Flagship card is about 20k so I’m confused
I’ve had my first Amex card since 2018 for 1000.00, every new I tried to get an increase and never got it. Fast forward to last year and they upgraded to blue cash preferred and I still can’t get an increase but now pay 95 annually. So I’m not understanding this video. I was told because I have 3 other Amex cards(platinum business, gold business and Amazon business) that I’m not allowed an increase on my personal card yet I got those business cards way after
@@merfnhis utilization was probably low. I've had Amex blue cash everyday with a $1000 credit limit for over two years. They deny me CLI every time lol I didn't understand at first. They want you to spend. I don't like spending. But yeah if the utilization is low they ain't budging
Amex be hoeing me I got the Amex blue everyday card with a 1k limit had for a year and no credit limit increase just got the preferred with another 1k limit Experian is 730 and have a total of 70k limits over all my cards 1 navy federal with 25k and 15k limits chase 6k discover 9k
@@MrWillcc2102 This is the "game". They say they "couldn't reach you" by phone. (Even though no one called you) Send you a denial letter. Next time, they say: "You have NO phone number LISTED on your credit report". (Even when people did have a number listed. Still denied) They are full of it. Pick & choose who they want to give CLIs to.
But question, between my 3 cards I have a 22.5k limit. I once had a utilization report of like 13% and my score still dropped like 4 points which is below 30%. Why is that?
Did one of those cards go up in utilization by chance?? Total utilization-vs-Utilization on 1 card are 2 different points. I keep a TU around 2 to 3 %. But if I use a higher amount on one card and I don't pay it off by the reporting date, it will/can drop a couple pints. Once it's paid off or paid down extremely low, it'll go back up!👍🏾
You are going to hurt your credit score by having too much $$$ revolving credit available with high limit credit cards. The FICO score is inherently conservative. If someone has over 100K in revolving credit available, it will hurt your score. Even 50K-75K could hurt a credit score. It depends on how long you have had revolving credit in your established credit history. If someone has a credit report of 20 years or more, it may not matter as much.
Hey shut up no one knows the fico models like fico if someone can responsibly no over leverage them self with that type of personal limita then good on them. Mind your business
I have a total credit limit of $73,250 across 10 major credit cards and 4 store credit cards. Amex Blue Cash Preferred is my highest limit is $13,000. I am currently only using 2.5% of available credit across all credit cards; why I need more credit?
@@anthonywilliams9415 I'm actually thinking about closing a few of my credit cards though eventually close on their own if I'm not going to use them. Especially Citibank the only way you can really get the best payout with them is travel only through their travel portal.
I have three cards with American Express… I was told that once you receive a total of 25,000 credit limit across-the-board you may open yourself up to financial review
My three are a little over 30,000 and I have not been required to produce any financial documents. I truly appreciate my relationship with American Express. I could see myself downgrading or eliminating other bank cards and sticking to American Express only.
Thank you for this insightful video🏆🏆🏆
I fully relate & agree with you. Amex has always been amazing with me albeit I’ve always been responsible with my cards. I sense it’s people who over manipulate lie or cheat who get flagged. Be honest & real with them & im confident they’ll reciprocate in kind. They’re one of the oldest most prestigious financial credit/charge card institutions around. Customer service is always top notch as well.
pretty sure the general consensus was 25k on a single card, 35k combined "might" trigger a financial review. but it's definitely not a hard fast rule. i personally don't think your credit limit alone would automatically trigger it, if even at all. i know plenty of people, myself included, that have more then 25k on a single card and more then 35k cumulative and have never had a FR.
Watched the video and said wth why not try. Just got an 11K increase in under 30 seconds. Wild and I love it
Big congratulations 🎊
@@calbarton thank you good sir
I also got the BCE as my first Amex card with a $2000 starting limit, and 96 days later, I requested a CLI to $7000, got $6000. It was saying that my account was too new when I tried from 91-94 days after account opening. I hope to get another 3x in July 🙃
I have 2 Amex cards at the moment totaling 32k. About to apply for Green card soon
I had 8000 limit with my AMEX BCP and Requested 25k and was approved.
Is that card 0% apr?
@@truthbtold8697 the first year yea.
How long did you wait???
@@truthbtold8697 i think under 24 months. It was 0apr for 12 months.
How long you waited? And how much balance you had when requested it?
Amex has a 3 year wait for a hard pull removal on your credit.
Everyone else is 2 years
✔️✔️ Cal you’re the best!
Phenomenal video man so many gems. You are elite!! lol
He really is. Great account
Got approved for Amex blue cash with 6k limit. Hoping to increase that. Happy to be in Amex system. Also have chase cards also
I love AMEX. The BEST Credit Card Bank in the CC industry. Is it a good idea to have such high amounts of $$$?
Not sure I maybe I did the wrong steps but I got the Amex gold card. I met the spend limit in two months and then I applied and got the platinum card. They did do a second hard pull. Just a data point for you.
How long ago was this? You’re the first I’ve heard this happen to unless you got the business card first then the personal. That’s usually when that happens.
Quick question for anyone that might be able to help. What is the easiest way to verify the exact date you revived your last credit limit increase. Thanks in advance.
I got approved for my first AMEX Delta Gold card on March 21st and a Hilton Surpass card on March 28 with 5K limits each. On April 29th I for some reason wanted to see if I was ambitious to apply for the Delta Platinum card and I was instantly approved!!! When can I ask for my first credit limit increase on my first two cards. I heard 60 days or is it 90days ?
Will they increase without you asking for an increase?
Hey Carl my experience was a lot different then what you’re saying I’ve Requested serval time for a CL in each time I was refuse denied .
So I moved CL from another Amex card with a Higher CL to my
Blue cash card . That how I got A credit Incase .I have seen were they offer me the
Preferred BC card .
How how increase the business line of credit with amex?
Spend as a daily I had it 5k first month I spent 3k in a month now twenty lol I was shocked how fast they raised it
They cap my limit at 900 Blue Preferred Card Amex. All my other Amex are higher limits. I hate the Blue Preferred Card the limit is so low.
You move the limit. Just transfer 1000 from another card. Easy.
@@micahgreene4573 I just recently asked for credit card limit and was a small increase. I might get the Amex Gold next year or a different card. Thanks for the feedback
I requested and all I got was, we're sending you a letter and we all know what that means 😢
My first card of BCP was HP on EX and TU. Nothing in EQ.
Same
Hey cal can you send me your list of high credit card limits been with you for quite some time..
💰💰
Is this business or personal? And how soon can you apply for more amx cards?
Works for both & 30 days
I got a blue cash everyday then a blue buisness cash 2 weeks after.
Why though?
What is American express maximum exposure
Will they give you a increase if you have a balance
What does BCU stand for
Just got my first amex card, bce with a 2k limit. Need something with a higher limit since the highest card i have is only a 6500 sl.
I applied for the same card and got the same CL. I'm hoping that if i just hold the card for 90 days i can get it to at least 20k. Let me know if you end up doing the same!
@@novousabbott4926they make you wait 95 days now
I'll Definitely be asking for a limit increase after the 90 days, even added a amex blue buisness cash card to get buisness credit built up. They also only did a 2k limit on it to but so far no additional hp and has not shown on my personal credit.
Idk if I'm screwed or not. I got an email from several monitoring services that my SSN had been detected on the Dark Web so I put fraud alerts on all 3 big CRA's. Can I still get CLI's with these alerts? Idk....
You have to wait a full year from the date you applied the fraud alert. Otherwise there's alot of hassle you gota go through to apply for any credit including cli
I have requested CLI I was denied, they said I had reached my limit, usage 25% over all. I have Gold Green and Blue , so my Credit Limit over all is low compared to what you are saying. I have NAVY FED my Flagship card is about 20k so I’m confused
I’m not going to even lie they Be doing me dirty! 😏😂
I have a 25k limit should I ask for 35k and not get a review?
maybe is random
Yep
MY question is when asking for a credit increase is t ere a hard inquiry either online or by phone ?
No
I HAVE 20 GRAND ON MY BLUE EVERYDAY CARD!
I’ve had my first Amex card since 2018 for 1000.00, every new I tried to get an increase and never got it. Fast forward to last year and they upgraded to blue cash preferred and I still can’t get an increase but now pay 95 annually. So I’m not understanding this video. I was told because I have 3 other Amex cards(platinum business, gold business and Amazon business) that I’m not allowed an increase on my personal card yet I got those business cards way after
What's your overall credit utilization?
@@merfn 23% last I checked
@@merfnhis utilization was probably low. I've had Amex blue cash everyday with a $1000 credit limit for over two years. They deny me CLI every time lol I didn't understand at first. They want you to spend. I don't like spending. But yeah if the utilization is low they ain't budging
Amex be hoeing me I got the Amex blue everyday card with a 1k limit had for a year and no credit limit increase just got the preferred with another 1k limit Experian is 730 and have a total of 70k limits over all my cards 1 navy federal with 25k and 15k limits chase 6k discover 9k
I’m going thru the same thing with one of my clients
@@MrWillcc2102 let me know if you find a way out of this hole
@@MrWillcc2102 This is the "game". They say they "couldn't reach you" by phone. (Even though no one called you) Send you a denial letter. Next time, they say: "You have NO phone number LISTED on your credit report". (Even when people did have a number listed. Still denied) They are full of it. Pick & choose who they want to give CLIs to.
But question, between my 3 cards I have a 22.5k limit. I once had a utilization report of like 13% and my score still dropped like 4 points which is below 30%. Why is that?
Did one of those cards go up in utilization by chance?? Total utilization-vs-Utilization on 1 card are 2 different points. I keep a TU around 2 to 3 %. But if I use a higher amount on one card and I don't pay it off by the reporting date, it will/can drop a couple pints. Once it's paid off or paid down extremely low, it'll go back up!👍🏾
@@jeffwill814 yeah I mainly use my sapphire, paid it back down and went up 16 points!
You are going to hurt your credit score by having too much $$$ revolving credit available with high limit credit cards. The FICO score is inherently conservative. If someone has over 100K in revolving credit available, it will hurt your score. Even 50K-75K could hurt a credit score. It depends on how long you have had revolving credit in your established credit history. If someone has a credit report of 20 years or more, it may not matter as much.
Hey shut up no one knows the fico models like fico if someone can responsibly no over leverage them self with that type of personal limita then good on them. Mind your business
It really depends on your reported income
I have a total credit limit of $73,250 across 10 major credit cards and 4 store credit cards. Amex Blue Cash Preferred is my highest limit is $13,000. I am currently only using 2.5% of available credit across all credit cards; why I need more credit?
To hit a personal milestone of 100k. 😂
Why not run it up further......just saying
@@anthonywilliams9415 I'm actually thinking about closing a few of my credit cards though eventually close on their own if I'm not going to use them. Especially Citibank the only way you can really get the best payout with them is travel only through their travel portal.
@@anthonywilliams9415what does $100,000 worth of credit limits get you? I have $92,000 worth and it doesn’t mean anything.
To lower your overall credit utilization even further thereby increasing your credit score. It’s not about flexing, it’s about the doors it opens.
Higher credit limit shows you are reliable and safe customer when you need to buy cars, homes, or any personal loans in the future
*JUST TRIPLED MY SHIT WATCHING YOUR VIEDO!* Your videos and wealth of knowledge are amazing!!!!!!