AMEX Delta Platinum CLI Denied

whocares · ‎03-21-2018

Opened the Card back in 2012 as with a SL of $1k and been stuck there ever since. Perfect payment history until 2015 with 3 lates then perfect history since. FICO scores are low which is probably the main reason (TU 644 EXP 640 EFX 636).

Income is over $200k and spend was nearly $60k on the card during 2017 alone. Basically I charge, then pay the next day or week to $0, then charge, and pay etc etc. With such a low limit this is the only thing I could do.

This can't be an income or spend/usage issue for those in the same boat. Overall Util is 12%. Never a BK or CO with AMEX. Other cards with $8k, $12k limits. If there is any explaination other than scores and the 3 dings in 2015, I'd love to hear them.

toadsworth · ‎03-21-2018

It’s the scores and the lates. Also, I think 650 is the score to be above to get any luv

Kind of have everything I want now, creditwise. Undeliberately gardening until I have some spending to do and find a 100,000 Amex Platinum offer lol

Started my credit journey August 2016, after abstaining from credit for years after some poor financial choices in high school. Started with scores in the 580s. Current scores 11/6/18 - EQ: 754 TU: 757 EX: 743

From oldest to newest: DuPage CU Visa Platinum, SL 500 now 3750, Cap1 Platinum SL 300 PC'd to QS now 1600, Alliant Credit Union Share Secured Loan $500, Amex BCE SL 5000 now 600, Neiman Marcus SL 700 now 10000, Target RedCard SL 400 now 2900, Amex ED SL 10000 now 500 (combined with Cash Magnet), Chase AARP SL 800 now 3300, Chase Amazon Prime SL 1000 now 10000, Honda Lease, Discover it SL 1000 now 7000, Synchrony PayPal 2% CB SL 3000 now 10000, Barclays Uber Visa SL 800 now 2100, Citi ThankYou Preferred SL 3300 now 5300, Chase Ritz-Carlton SL 10000 now 1500 (moved to other cards to get annual fee refund), Comenity Total Rewards Visa SL 2000 now 3250, US Bank Cash+ SL 500 recon'd to 10000, US Bank Reserve LOC 1000, Union Bank Rewards Visa SL 5000 now 5000, Amex Cash Magnet SL 9900 now 20000, Cap1 Venture SL 10000 now 10000, Discover it 3000 SL now 4000, Amex SPG Luxury 3100 SL now 3100, Amex Amazon Business Prime 10000 SL now 10000, Amex Gold NPSL, US Bank Premier LOC 5000, US Bank Visa Platinum 5400 SL currently reconning

Combined revolving CL $135,300

Goal: Spring 2019 800+ club, $50,000 combined Amex limit

Anonymous · ‎03-21-2018

Late payments, especially with AMEX, have a very heavy weight attached to them... letalone three. Unless you have gone through income verification, your stated annual income of 200K is meaningless to them. Your FICO scores are also low which may indicate negative status or history with other creditors that American Express is/was aware of. Your account may be locked at this credit limit. You could try applying for a new card outright once your scores improve, but there is no guarantee of approval or a higher limit.

Meanmchine · ‎03-21-2018

If you have a credit monitoring service like CreditCheckTotal or even Credit Karma go to the section Factors affecting your score. Those are the reasons you are having issues with Amex. Additionlly you have a rebuilder limit and probably wont go up much. Raise your scores another 50 points, and apply for another amex card. At least you have other cards to play around with til you fix your report.

Good luck

>3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>5/2023 All 3 reports 840ish (F8) F9s = 850 but my app finger is still twitching

whocares · ‎03-21-2018

I have a bunch of baddies from 2015 across various lines of credit that won't be gone until 2021 at the earliest. Given the amount of spend I've put on the card over 6 years (roughly $250k equating to roughly $8k (~3%) in merchant fees they profited from), I was hoping for something....guess not. Risk is risk irrespective of income or spend...I get it. My fault. I'll simply use another card going forward. Thanks for the input.

chaos51 · ‎03-21-2018

I think the hardest thing to remember is that sometimes we get upset that banks don't do what we want, but you have to decide what is most important to you. Is it big limits? Return on spend? I try to remember to use the card that is going to give me the most, or give me the most for what I am currently looking for. Sometimes that means using my highest limits, and sometimes that means using my lowest.

Total Revolving Credit Limit: $306,900
Pay Over Time Limit: $85,000
Fico 8 Scores: Ex: 751, TU 751, EQ 741

LionLaw · ‎03-22-2018

@whocareswrote:
Opened the Card back in 2012 as with a SL of $1k and been stuck there ever since. Perfect payment history until 2015 with 3 lates then perfect history since. FICO scores are low which is probably the main reason (TU 644 EXP 640 EFX 636).

Income is over $200k and spend was nearly $60k on the card during 2017 alone. Basically I charge, then pay the next day or week to $0, then charge, and pay etc etc. With such a low limit this is the only thing I could do.

This can't be an income or spend/usage issue for those in the same boat. Overall Util is 12%. Never a BK or CO with AMEX. Other cards with $8k, $12k limits. If there is any explaination other than scores and the 3 dings in 2015, I'd love to hear them.

On this board we see a lot of $1,000 CL Amex cards stuck for years without a CLI, even when the cardholder's credit improves greatly over the years. It seems that some/most Amex cards with a $1,000 starting CL get treated differently than other Amex cards, and it looks like you've gotten stuck in that bucket as well. Then again, the low scores and late payments probably aren't helping either.

If your credit improves over the next year or so and you still can't raise that $1,000 limit, it might be worth applying for another Amex to see if you can get something with a higher starting limit.

Anonymous · ‎03-22-2018

Sorry to hear about your denial Amex is an amazing bank you may just have to wait for luv.

Anonymous · ‎03-22-2018

When my Experian score was 688 Last December I applied for the Gold Delta and was granted a $1k limit (I was upset). My utilization was 33%. Income mid $100s. AAoA 3.5yrs. 5 Inquiries. Lots of new accounts (15+) from an app spree. 90 Days later I paid down my utilization to 6% and my score shot up to Exp 730 (so far - more TLs need to update). Anyway I applied for a 3X increase an it was approved. I'll do it again in 6 mos.

AMEX will approve you for a CLI when your negative issues are far behind you and your scores have improved. You may not be stuck at $1k forever.