AMEX is not Increasing my Credit Limit - Discussion

[Rahezad0806]

I have an Amex MRCC which is 6 months old. I have spends between 30-45k on the card while initial limit being 50k I have paid all the bill 1 day after bill generation in full for the last 6 statements. Today I requested a credit limit enhancement but they denied. Gross income is approx 11 lacs. Please help.

 

[BVCBVC is verified member.]

Just wait for sometime. They will increase periodically. They are holding on the applications and updating systems.

 

[drsel]

You need to wait one year before asking for a limit increase

 

[bhavik886151]

they will give to LE automatically every 6 month if you are eligible

i am getting it from last 2 years my 1lk limit on platinum travel reached to 4.6 now just use the card and they will give you auto LE

 

[Pissant]

Yes, you are able to request for a LE every 6 months. I recently got my MRCC Limit increased.

 

[bhavik886151]

Just got LE on my MRCC from 3.8 lakh to 5.52

the Ritual is continue from Amex every 6 month i get LE until now getting LE on platinum travel which started with 1 lakh to 4.6 lakh today as i use mostly Platinum travel card and MRCC only for 4 transaction every month

i completed 4 lakh spend on platinum travel so spending more on MRCC from 3 month

these time they offer it on MRCC 3.8 lakh to 5.52


amex funda is clear use there card as much as possible and they gave LE as per me

 

[Shinigami]

5 years with Amex card. Limit not enhanced for last 4 years. My primary card is Amex. I spend on average 5 lakhs per years with travel platinum and yet everytime LE rejected.

 

[gg123]

I got my amex limit increased a week ago. from 2.97L to 5.43L

 

[bhavik886151]

just got LE for platinum travel 4.8L to 6 L

with in 2 year from 1 L to 6 L

 

[pranav.kakani]

I have a sbi simplyclick on amex network (i know i messed up with the network selection here) with limit of 2.1L but amex plat travel limit is 75K. Is there a chance i can pitch this yo them to get me a LE along with retention bonus or something? Strated with 50K got a 25K enhancement and now due for renewal next month, completed 1.9L and 4L milestone 1st within 5 months and 4L 2 mo ths ago and total spend is 4.75L in 11 months

 

[BVCBVC is verified member.]

I have a sbi simplyclick on amex network (i know i messed up with the network selection here) with limit of 2.1L but amex plat travel limit is 75K. Is there a chance i can pitch this yo them to get me a LE along with retention bonus or something? Strated with 50K got a 25K enhancement and now due for renewal next month, completed 1.9L and 4L milestone 1st within 5 months and 4L 2 mo ths ago and total spend is 4.75L in 11 months

Amex network cards are different from Amex Cards.

You can check with Amex Credit Team by calling them, they might consider the request.

 

[TripleAce]

I got my amex limit increased a week ago. from 2.97L to 5.43L

Did you raise a request for limit enhancement or it was automatically done from Amex’s end?

 

[Wealth is my birth right!]

I have a sbi simplyclick on amex network (i know i messed up with the network selection here) with limit of 2.1L but amex plat travel limit is 75K. Is there a chance i can pitch this yo them to get me a LE along with retention bonus or something? Strated with 50K got a 25K enhancement and now due for renewal next month, completed 1.9L and 4L milestone 1st within 5 months and 4L 2 mo ths ago and total spend is 4.75L in 11 months

With full milestones spend mostly after card anniversary they themselves will offer LE

 

[gg123]

Did you raise a request for limit enhancement or it was automatically done from Amex’s end?

No request raised. got a message initially saying I was eligible. and reply "YES" to a number.
3 days later got the same email with a link to give consent.

 

[SSV]

I have a sbi simplyclick on amex network (i know i messed up with the network selection here) with limit of 2.1L but amex plat travel limit is 75K. Is there a chance i can pitch this yo them to get me a LE along with retention bonus or something? Strated with 50K got a 25K enhancement and now due for renewal next month, completed 1.9L and 4L milestone 1st within 5 months and 4L 2 mo ths ago and total spend is 4.75L in 11 months

Other banks's Amex network cards are nothing to do with Amex proprietory cards...

you will get automatic LE from Amex.

based on
1) your declared Income
or
2) total spends over the period of the time, still capped as per your initial declared income..

If your total income had increased recently , you can manually ask for LE.. they will put that number into their balck box system and will give you LE immediately , if their system gives you the LE... otherwise have to wait..

the reason for your lower CL is because , your inital declared income must be around 5L to 6 L..
It is still on the lower side of the range.. you should get your auto LE after 6 to 12 months of usage..

all the best

 

[TripleAce]

No request raised. got a message initially saying I was eligible. and reply "YES" to a number.
3 days later got the same email with a link to give consent.

Thanks for the reply!
Cheers bro

 

[pranav.kakani]

the reason for your lower CL is because , your inital declared income must be around 5L to 6 L..
It is still on the lower side of the range.. you should

Declared income via ITR - over 15L. Self employed

 

[SSV]

Declared income via ITR - over 15L. Self employed

Your CIBIL score and leverage ratio?

 

[pranav.kakani]

Your CIBIL score and leverage ratio?

CIBIL 789
EQUIFAX 771
HIGHMARK 869
Leverage net CC limits amount to 5L, and 5L personal loan @ 11% pa, 5 year so emi is around 12K
Usage across all cars (%) is about 10-20% net