Increase That Ameican Express Credit Limit

Want to increase your credit limit on your American Express Cards? I came across the American Express’ Line of Credit Tool. This allows you to increase your credit limit on most of their cards.

So you might be asking, why do I want to do this? Well reasons to increase your credit limit include increasing your total available credit and therefore decreasing utilization which improves your overall credit score. If you were thinking of doing a balance transfer, this would allow you to utilize more money in that transfer. Plus having large credit lines showing on your credit report may induce other issuers into giving you higher lines as well, which may be useful to further lower your utilization.

I was able to increase my limit on my American Express Blue Cash Cardby $20,000 using this tool. Now I am not going to charge $20,000 more on this card, but now that my utilization is lower from the increase, it should move my credit score up. Plus it is cool to brag to my friends that my Amex Limit is $55,000!!!!

If you are going to use this, be cautious, don’t try to double your limit. My advice is to try to increase it by 40%-50% of your current available limit. If that works for you come back in a few months and try it again. Trying to request too much of a credit limit increase could cause your account to be flagged and then you may have to talk to someone in their Customer Service Dept and explain what you were doing, so don’t go nuts!