Got in the door finally, after 25 years, with Delta skymiles. Account opened on Feb 6th. After reading all the information about new CLI with Amex and not having to wait the 61 days....I tried for CLI today and was shot down (with the 7-10 day message). I think I have to wait now 90 days before CLI request. Current limit is still $1000.
Question is....since I got shot down for the ED and BCE earlier this month (same time I got approved for Delta)....how long to wait before I re-apply for BCE and/or ED?
Have not received the decline letters (been 3 weeks since decline). I assume too many app, account too new, or FICO scoring.
I really thought I would be able to get an increase like many others and not have to wait the 61 days. Guess it must have something to do with history of accounts. I don't know and I am disappointed because now I have to wait at least 90 days to get back on my CLI building scj=hedule instead of the original 61 days.....
Some you win and some you lose.
No worries. Creditors treat everyone differently and it is all due to algorythms (pre-approval and instant approval). I simply want 2 more Amex revolvers for the high CL opportunities.....to bring down utilization.
As my current card limits manage to increase....I will dump my smaller Cl (First premier, Cap one secured) and then start working on closing out commenity back cards.
Depending on how the future treats me...I may opt away from Barclay, WF, US Bank and Merrick. Once I get my foot in the door with Bank America, Chase and Citibank....I will be set. I currently have enough open credit and don't want to take on more than $300 a month in payments until my installment loan is paid off.
Until then I will continue to run all my utilities and groceries through Barclay, Cap one and Amex.