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Amex 3X CLI with decrease in income?

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Anonymous
Not applicable

Amex 3X CLI with decrease in income?

It is time for my Amex 60-day 3X CLI.  However, within the last 60 days, I stopped working my second job which was part-time. My ncome is now lower by 30%.  Will this change in income hurt my chances for 3X CLI.  I noticed that the online credit increase request asks for income amount. 

Message 1 of 9
8 REPLIES 8
JoeLuvsHisCredit
Valued Contributor

Re: Amex 3X CLI with decrease in income?

In your case I would put down the amount that is on your tax return incase they ask for proof?

 

Message 2 of 9
Anonymous
Not applicable

Re: Amex 3X CLI with decrease in income?

That makes sense.  I'll just put what my income is now and see what happens.  If I want to close one Amex and move the limit to another Amex, should I request CLI on both cards first? Or should I close and transfer first?

Message 3 of 9
mortimerwereback
Regular Contributor

Re: Amex 3X CLI with decrease in income?


@Anonymous wrote:

It is time for my Amex 60-day 3X CLI.  However, within the last 60 days, I stopped working my second job which was part-time. My ncome is now lower by 30%.  Will this change in income hurt my chances for 3X CLI.  I noticed that the online credit increase request asks for income amount. 


Don't have an answer for you, but I think it's a great question. I hear Amex is strict with income amounts and have read posts about their financial audits. I wonder how their algorithms flag for such things. Best of luck! Pease keep us posted!

"Only those who dare to fail greatly can ever achieve greatly." -Robert F. Kennedy

Message 4 of 9
Anonymous
Not applicable

Re: Amex 3X CLI with decrease in income?


@mortimerwereback wrote:

@Anonymous wrote:

It is time for my Amex 60-day 3X CLI.  However, within the last 60 days, I stopped working my second job which was part-time. My ncome is now lower by 30%.  Will this change in income hurt my chances for 3X CLI.  I noticed that the online credit increase request asks for income amount. 


Don't have an answer for you, but I think it's a great question. I hear Amex is strict with income amounts and have read posts about their financial audits. I wonder how their algorithms flag for such things. Best of luck! Pease keep us posted!


Ok I will keep you all posted.  I just obtained information on how to contact Amex CLI dept.  I think I might talk to them first.

Message 5 of 9
Anonymous
Not applicable

Re: Amex 3X CLI with decrease in income?

Count me among the people denied 3X CLI after 60 days.  AMEX stated I had too many recent inquiries and new accounts. Oh well.  I really don't need any more credit. I was just trying to pad my utilization.  They didn't mention my decrease in income at all.

Message 6 of 9
Anonymous
Not applicable

Re: Amex 3X CLI with decrease in income?


@Anonymous wrote:

Count me among the people denied 3X CLI after 60 days.  AMEX stated I had too many recent inquiries and new accounts. Oh well.  I really don't need any more credit. I was just trying to pad my utilization.  They didn't mention my decrease in income at all.


Sorry to hear....join me in the garden..we can keep each oSmiley Happyther company...lol...

Message 7 of 9
Anonymous
Not applicable

Re: Amex 3X CLI with decrease in income?


@Anonymous wrote:

@Anonymous wrote:

Count me among the people denied 3X CLI after 60 days.  AMEX stated I had too many recent inquiries and new accounts. Oh well.  I really don't need any more credit. I was just trying to pad my utilization.  They didn't mention my decrease in income at all.


Sorry to hear....join me in the garden..we can keep each oSmiley Happyther company...lol...


Sounds like a great plan!!!

Message 8 of 9
mortimerwereback
Regular Contributor

Re: Amex 3X CLI with decrease in income?


@Anonymous wrote:

Count me among the people denied 3X CLI after 60 days.  AMEX stated I had too many recent inquiries and new accounts. Oh well.  I really don't need any more credit. I was just trying to pad my utilization.  They didn't mention my decrease in income at all.


Yes, same thing I would've been trying to accomplish. May I ask, how many inquiries and accounts did Amex consider "too many?"

"Only those who dare to fail greatly can ever achieve greatly." -Robert F. Kennedy

Message 9 of 9
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