Author Topic: increase credit card limit  (Read 3201 times)

Offline kingsfan33

  • Dansdeals Gold Elite
  • ***
  • Join Date: Jun 2008
  • Posts: 195
  • Total likes: 6
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
increase credit card limit
« 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?

Offline AsherO

  • Global Moderator
  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 26040
  • Total likes: 3205
  • DansDeals.com Hat Tips 75
    • View Profile
  • Location: NYC
Re: increase credit card limit
« Reply #1 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.

Offline kingsfan33

  • Dansdeals Gold Elite
  • ***
  • Join Date: Jun 2008
  • Posts: 195
  • Total likes: 6
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
Re: increase credit card limit
« Reply #2 on: July 07, 2011, 12:16:00 AM »
thx, just seeing this. still have not resolved this...

Offline morez

  • DansDeals Copper Elite
  • *
  • Join Date: Jul 2011
  • Posts: 4
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: FL
Re: increase credit card limit
« Reply #3 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!

Offline steve L

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Apr 2010
  • Posts: 686
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
Re: increase credit card limit
« Reply #4 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

Offline smurf

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Sep 2010
  • Posts: 4394
  • Total likes: 7
  • DansDeals.com Hat Tips 8
    • View Profile
  • Location: NJ
Re: increase credit card limit
« Reply #5 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?

Offline steve L

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Apr 2010
  • Posts: 686
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
Re: increase credit card limit
« Reply #6 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

Offline AsherO

  • Global Moderator
  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 26040
  • Total likes: 3205
  • DansDeals.com Hat Tips 75
    • View Profile
  • Location: NYC
Re: increase credit card limit
« Reply #7 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?

Offline smurf

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Sep 2010
  • Posts: 4394
  • Total likes: 7
  • DansDeals.com Hat Tips 8
    • View Profile
  • Location: NJ
Re: increase credit card limit
« Reply #8 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.

Offline morez

  • DansDeals Copper Elite
  • *
  • Join Date: Jul 2011
  • Posts: 4
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: FL
Re: increase credit card limit
« Reply #9 on: July 09, 2011, 11:15:19 PM »
I was looking to open the starwood amex

Offline steve L

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Apr 2010
  • Posts: 686
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
Re: increase credit card limit
« Reply #10 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

Offline Yup

  • Dansdeals Silver Elite
  • **
  • Join Date: Nov 2010
  • Posts: 71
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Illinois
Re: increase credit card limit
« Reply #11 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?

Offline steve L

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Apr 2010
  • Posts: 686
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
Re: increase credit card limit
« Reply #12 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

Offline smurf

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Sep 2010
  • Posts: 4394
  • Total likes: 7
  • DansDeals.com Hat Tips 8
    • View Profile
  • Location: NJ
Re: increase credit card limit
« Reply #13 on: July 10, 2011, 01:16:21 AM »
+1
No hard pull

Offline AsherO

  • Global Moderator
  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 26040
  • Total likes: 3205
  • DansDeals.com Hat Tips 75
    • View Profile
  • Location: NYC
Re: increase credit card limit
« Reply #14 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.

Offline Yup

  • Dansdeals Silver Elite
  • **
  • Join Date: Nov 2010
  • Posts: 71
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Illinois
Re: increase credit card limit
« Reply #15 on: July 10, 2011, 02:50:38 PM »
Thank you.

Offline AJK

  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • ********
  • Join Date: Jun 2011
  • Posts: 25481
  • Total likes: 466
  • DansDeals.com Hat Tips 15
  • Gender: Male
    • View Profile
  • Programs: United Concierge Key; Delta Global Services; American Chairman; US Airways 1K; Hilton Sapphire; Hyatt Tritium; Marriott Californium; Starwood Kryptonium; Hertz Plutonium; National Adamantium, Avis Executive Proactanium
Re: increase credit card limit
« Reply #16 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
2015: 116K bkd | 1.6M brnd | F: OZ,NH,AA,EK | J: UA,CA,TK,DL,TN,AF,VA | LIH,NRT,ROR,PEK,CNS,BOB,MEL,TLV & Pacific Hopper

Offline scwam

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Mar 2011
  • Posts: 338
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: FL
Re: increase credit card limit
« Reply #17 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.
« Last Edit: July 11, 2011, 03:17:10 AM by scwam »

Offline AsherO

  • Global Moderator
  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 26040
  • Total likes: 3205
  • DansDeals.com Hat Tips 75
    • View Profile
  • Location: NYC
Re: increase credit card limit
« Reply #18 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.