DansDeals.com Forums

DansDeals Forum => Credit Cards => Topic started by: kingsfan33 on June 24, 2011, 04:54:54 PM

Title: increase credit card limit
Post by: kingsfan33 on June 24, 2011, 04:54:54 PM
I need to raise my credit card limit with amex starwood business.

They declined my request to raise from 3k to 12k.

I don't know why, my personal amex starwood has a 40k limit!

Any recommendations?
Title: Re: increase credit card limit
Post by: AsherO on June 26, 2011, 12:11:40 AM
I need to raise my credit card limit with amex starwood business.

They declined my request to raise from 3k to 12k.

I don't know why, my personal amex starwood has a 40k limit!

Any recommendations?

Ask if you can move over some of the 40k CL.
Title: Re: increase credit card limit
Post by: kingsfan33 on July 07, 2011, 12:16:00 AM
thx, just seeing this. still have not resolved this...
Title: Re: increase credit card limit
Post by: morez on July 08, 2011, 03:54:16 PM
Hi I'm pretty new to the forums, but I have looked around a lot and learned so much from all of your posts. I would like to sign up for a credit card, and this will be my first. I have searched the forums for an answer to my following question, but have not found what I am looking for, so.. If I do not have a real income (supported by parents), what should I write when they ask for my income? I need to be able to spend at least around $2,000 or so every month, so I guess the "income" has to be high enough to be approved for such a limit. Thanks!
Title: Re: increase credit card limit
Post by: steve L on July 08, 2011, 04:21:56 PM
I need to raise my credit card limit with amex starwood business.

They declined my request to raise from 3k to 12k.

I don't know why, my personal amex starwood has a 40k limit!

Any recommendations?
bec amex only let you triple your current credit line every 6 months. so 3k then max is 9k
Title: Re: increase credit card limit
Post by: smurf on July 08, 2011, 05:09:29 PM
bec amex only let you triple your current credit line every 6 months. so 3k then max is 9k
Does that rule apply to business ccs as well?
Title: Re: increase credit card limit
Post by: steve L on July 08, 2011, 05:58:50 PM
Does that rule apply to business ccs as well?
i dont know but i assume that is a general amex policy

dont want to be too greedy triple what you got know id very good.
i always got instant approval for more credit line
Title: Re: increase credit card limit
Post by: AsherO on July 09, 2011, 10:57:52 PM
Hi I'm pretty new to the forums, but I have looked around a lot and learned so much from all of your posts. I would like to sign up for a credit card, and this will be my first. I have searched the forums for an answer to my following question, but have not found what I am looking for, so.. If I do not have a real income (supported by parents), what should I write when they ask for my income? I need to be able to spend at least around $2,000 or so every month, so I guess the "income" has to be high enough to be approved for such a limit. Thanks!

What card are you signing up for? With Chase, I'm yet to hear of them asking for verification. Citi/Amex sometimes ask you to verify it (with IRS form 4506-T).

bec amex only let you triple your current credit line every 6 months. so 3k then max is 9k

Where'd you get this info from?
Title: Re: increase credit card limit
Post by: smurf on July 09, 2011, 11:13:46 PM
@AsherO
I was told the same by the amex credit dept last time I called for an increase.
Title: Re: increase credit card limit
Post by: morez on July 09, 2011, 11:15:19 PM
I was looking to open the starwood amex
Title: Re: increase credit card limit
Post by: steve L on July 09, 2011, 11:34:49 PM
@asher0
a cpl csr's told me that when trying to do it for me and my wife
Title: Re: increase credit card limit
Post by: Yup on July 09, 2011, 11:38:45 PM
Do they do a hard pull on your credit report when you ask for a credit increase?
Title: Re: increase credit card limit
Post by: steve L on July 10, 2011, 12:06:10 AM
Do they do a hard pull on your credit report when you ask for a credit increase?
i have never had a pull done from that
Title: Re: increase credit card limit
Post by: smurf on July 10, 2011, 01:16:21 AM
+1
No hard pull
Title: Re: increase credit card limit
Post by: AsherO on July 10, 2011, 01:19:48 AM
@AsherO
I was told the same by the amex credit dept last time I called for an increase.
+1
No hard pull

Both these policies are new to me, I guess things have changed at Amex since I've been building a CL there.

Just be careful not to get too big a CL, or you risk an F/R.
Title: Re: increase credit card limit
Post by: Yup on July 10, 2011, 02:50:38 PM
Thank you.
Title: Re: increase credit card limit
Post by: AJK on July 10, 2011, 06:37:12 PM
i have never had a pull done from that

+1. No hard pull for me on AMEX or Charles Schwab Visa
Title: Re: increase credit card limit
Post by: scwam on July 11, 2011, 02:09:09 AM
Do they do a hard pull on your credit report when you ask for a credit increase?

Amex I think depends on the person. I did asked to a increase of 33% of my line 6 months ago (because 33% given my history felt to be my limit since I've worked in this industry b4). I got it instantly online with 1.5 yrs clean payments and moderate use. However, my sister with 4 years clean history and a $500 line got hard-pulled last week. But she was asking for 2k so they wanted to make sure since that jump was so high. But she revolved. The gave her a mound of reasons to deny it, some to me were just petty and redundant. I would say that if you stay at 40% or less of an increase (ie 5k to 7k) then they probably won't do a pull unless you had a really low line to begin with and revolved.

post edit: sorry yeah 500k revolving, that would be somewhat off.
Title: Re: increase credit card limit
Post by: AsherO on July 11, 2011, 02:17:44 AM
Amex I think depends on the person. I did asked to a increase of 33% of my line 6 months ago (because 33% given my history felt to be my limit since I've worked in this industry b4). I got it instantly online with 1.5 yrs clean payments and moderate use. However, my sister with 4 years clean history and a 500k line got hard-pulled last week. But she was asking for 2k so they wanted to make sure since that jump was so high. But she revolved. The gave her a mound of reasons to deny it, some to me were just petty and redundant. I would say that if you stay at 40% or less of an increase (ie 5k to 7k) then they probably won't do a pull unless you had a really low line to begin with and revolved.

500k and asking for 2k? 40% or less of 5-7k? Revolved?

I think your paragraph needs editing, I don't get it.