How to increase your Amex Blue credit card credit limit to 25 or 50k.
A few people asked me how I have an Amex blue card with a $50,000 credit limit. It is very simple actually I found out from another person that did it and I have personally helped 3 of my college age buddies do this successfully. Amex doesn’t need any sort of a income verification process for any credit line increase of 25k and under. You can either call them during business hours (don’t speak to Apu in Bangladesh because he can’t do it for you!) or do it online anytime at http://www.americanexpress.com/cards/loc.shtml
I will guarantee that if you put in a 6 digit income(which they dont verify for requests under 25k) they will auto approve you to a 25k credit limit. Now if you are still wondering how I got the 50k limit on my card, it was just 1 step longer. I had an American Express Blue rewards card, and a Blue cash card. I called in to close the rewards card,but told them I’d rather just consolidate the limits first of both cards (25k each at the time) and then just close the card. They were happy to do it for me, and didn’t require any verification at all.
Are there any benefits to this besides telling the girl at the bar you are trying to pick up that this card has a 50k credit limit,while your bank account only has $23.49 in it? Yes..Part of your credit score is your utilization rate on a card. If your credit limit is 5k and you owe $2,500 then your utilization rate is 50% and that looks pretty bad on your credit score till you pay it off. If you have a 50k limit and have a $2,500 balance, then a 5% utilization rate would look very favorably on your credit score.
PS: As I posted a few blog posts earlier, you can Get your FREE credit score and more at www.Freecreditreport.com
Also MANY MANY people here on Fatwallet Finance forum did this as well with no problems. Link to post
Original post by Paul