ByAmerican Express Blue Cash Preferred Credit Limit Increase Instructions
Increasing your credit card’s credit limit has its upsides. You'll not only have financial security in times of emergencies, but it also lowers your credit utilization, which can help boost your credit score. An typically offers higher-than-average credit limit increase options, and requesting an increase can build your much-needed spending potential.
The only caveat is when you struggle with a low to average credit score. Most credit card companies, including American Express, conduct a thorough inquiry on your credit report. With DoNotPay, you need not worry about that. We offer a fast and easy means of requesting an American Express credit limit increase for your Blue Cash Preferred credit card without hurting your credit score.
How Credit Limit Increases Work
American Express sets your credit limit when they first approve your application. If you spend lower than your limit and maintain an excellent credit status, they may proactively offer you an American Express credit limit random increase. That offers you a higher spending capacity and a chance to increase your credit score.
While every credit card company or bank has its regulations on credit increases, these lenders generally check how long you've held a card. In most cases, you must have used a card for over six months and not have requested an increase within the past six months.
Who Can Request a Higher Credit Limit?
The card issuer will look at various financial factors that they use to measure the risks of offering you more credit. Some indicators that you're a trustworthy cardholder include:
- Timely payments – This means you're a responsible cardholder. You make timely payments and don't spend beyond your current limit.
- Good credit score – You have a great credit history, low credit utilization, and other aspects that build your score are looking good.
- Sufficient income – You also need to earn a monthly income that surmounts your living costs and debts. If you recently had a salary raise, there's a high likelihood of getting an American Express credit limit reconsideration.
- Hard pulls – Requesting an Amex Blue Cash Preferred credit increase can sometimes prompt you bank to take a hard inquiry into your credit report, which can be damaging to your credit score. While a credit line increase request doesn't usually trigger a hard pull by American Express, it's a consideration you should have in mind.
When Can I Request a Credit Card Limit Increase from American Express?
American Express only offers a credit card limit increase if you've been a cardholder for at least 60 days. However, some people have had to wait 90 days to get a credit limit increase. You might have to wait a little longer before considering a request.
If you're wondering how soon to get a , here's how American Express works: Following a successful first-time approval of credit limit reconsideration, you can request subsequent limit increases every six months.
Still, you need to understand that getting the second approval is usually more challenging than the first attempt.
What If My Amex Credit Limit Request is denied?
Sometimes your request for an American Express credit limit increase is denied. You can still do something to position yourself for a credit line limit increase. Here are three solutions to try.
1. Clear your bills on time
Your payment history makes up a considerable percentage of your credit score. By making timely payments of monthly bills, such as a utility bill or cable bill, you improve your credit score. This gives you a chance for better credit limits with a card issuer in the future.
2. Pay your debts
Paying down your debt is an excellent means of improving your credit score, considering credit utilization makes up 30% of your score. It would be best to maintain your credit utilization under 30%. That way, American Express knows that your overall debt is historically low and manageable, and they'll be more inclined to approve your limit increase request.
3. Check for errors in your credit reports
If you're an excellent cardholder, but your limit increase application gets rejected every time, there might be an error in your credit report. You can assess your reports through the three main credit bureaus (Equifax, Experian, and TransUnion).
Making attempts to improve your credit score for a limit increase is not only frustrating, but it may also take a while for your score to improve. But there's another alternative: DoNotPay.
Get Your American Express Blue Cash Preferred Credit Limit Increase with DoNotPay
Would you like to request an American Express Blue Cash Preferred credit limit increase? DoNotPay can handle the request on your behalf without compromising your credit score.
We'll inquire briefly about your current Amex card, employment status, income, and more. We'll then use this information to present a successful credit limit increase request to American Express.
How to Request Higher Credit Limits Using DoNotPay
If you want to request higher credit limits but don't know where to start, DoNotPay has you covered in 6 easy steps:
1. Go to the Credit Limit Increase product on DoNotPay.
2. Select which type of card you own and your credit provider.
3. Tell us more about your card, such as when you first created this card, your current credit limit, what you would like your new limit to be, your card number, and whether you've missed past payments.
4. Tell us more about your current income and expenses and why you would like to request a limit increase.
5. Indicate whether you want to allow hard inquiries to be made into your credit history. Upload a copy of your ID and provide your e-signature.
6. Submit your task! DoNotPay will deliver the request letter on your behalf. You should hear back from the card provider with confirmation or a request for more information within a few weeks.
What Else Can DoNotPay Do?
Helping you to get your American Express Blue Cash Preferred credit limit increase is only one of the many challenges that DoNotPay can help you with. Our innovative solutions get you fast results in numerous areas of your financial life, including:
- Filing a complaint against a company
- Solve Problems with your credit cards
- Issues concerning chargebacks and refunds
- Obtaining an Apple Card credit limit increase