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Moderator
Posts: 10,057
Registered: ‎01-15-2009
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Re: Applied For The Amex BCP And Received 14 Day Notice

I don't see how it's leading to a FR, but that's just my opinion. I think it's taking the wait to a-whole-nother level. Similar to the Centurion comment.

Come on guys! lol Smiley Wink
Established Contributor
Posts: 882
Registered: ‎04-28-2014
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Re: Applied For The Amex BCP And Received 14 Day Notice

[ Edited ]

Well OP has a Clear card already with 25k limit. Hasn't exposure over 25k been linked to income verification? Anecdotally only of course. It would be more likely with a lower income profile of course.

Moderator Emeritus
Posts: 16,382
Registered: ‎03-12-2007
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Re: Applied For The Amex BCP And Received 14 Day Notice

I spoke with another person at Amex. He said they will try and verify some things and it might take two to three more days. If they can't verify "these things", then they will send me a letter letting me know what I have to do. I don't like the way this is going. The underwriters are very insulated at Amex. I can't speak with anyone in their dep't.

Credit Profile:
FICO 9: EQ 835 ~ EX 832 ~ TU 829 (05-13-2017)
FICO 8: EQ 821 ~ EX 810 ~ TU 819 (05-13-2017)
FICO 8 Bankcard: EQ 844 ~ EX 840 ~ TU 845 (05-13-2017)
Credit History: 29 years ~ AAoA: 14 years
Total available revolving credit: 157K ~ Cumulative Util: 4% and dropping fast
Inqs: 1 EX (new)
13 Total Accounts on Reports: 8 open, 5 closed. No open installment accounts (soon to change)
Moderator Emeritus
Posts: 16,382
Registered: ‎03-12-2007
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Re: Applied For The Amex BCP And Received 14 Day Notice


Bman70 wrote:

Well OP has a Clear card already with 25k limit. Hasn't exposure over 25k been linked to income verification? Anecdotally only of course. It would be more likely with a lower income profile of course.


I have quite a bit less available credit than some of the other posters in this forum. I do know that Amex cardholders with 25K+ accounts were prone to a FR in the past. I don't know about Amex's policies today.

Credit Profile:
FICO 9: EQ 835 ~ EX 832 ~ TU 829 (05-13-2017)
FICO 8: EQ 821 ~ EX 810 ~ TU 819 (05-13-2017)
FICO 8 Bankcard: EQ 844 ~ EX 840 ~ TU 845 (05-13-2017)
Credit History: 29 years ~ AAoA: 14 years
Total available revolving credit: 157K ~ Cumulative Util: 4% and dropping fast
Inqs: 1 EX (new)
13 Total Accounts on Reports: 8 open, 5 closed. No open installment accounts (soon to change)
Epic Contributor
Posts: 29,346
Registered: ‎10-23-2007
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Re: Applied For The Amex BCP And Received 14 Day Notice

I don't think $25k+ being FR related has EVER been an Amex thing but a few members posted about such things and it's become practical Amex stone that just keeps going and going... It's not true.
Amex can FR at $1k or $100k the CL isn't the deciding factor
Moderator Emeritus
Posts: 16,382
Registered: ‎03-12-2007
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Re: Applied For The Amex BCP And Received 14 Day Notice


Creditaddict wrote:
I don't think $25k+ being FR related has EVER been an Amex thing but a few members posted about such things and it's become practical Amex stone that just keeps going and going... It's not true.
Amex can FR at $1k or $100k the CL isn't the deciding factor

I agree to some extent. 25K+ CL's was not the only reason Amex would do a FR. In 2008 to about 2010 there were a number of FR triggers. Sudden changes in spending and payment habits were two of them. Signing up for flex pay was another. Owning a home in an area with lots of homeowners upside down on their mortgages seemed to be another (I'm still not completely sold on that one). The 25K+ CC was another. Countless people in this forum and other credit forums were given a FR when they asked for CLI's that would have put their CL above 25K. That's not to say it happened to just about everyone in that situation. myFICO and other credit forums were saturated with threads on this very topic. As for what might trigger a FR with Amex today, I just don't know.

Credit Profile:
FICO 9: EQ 835 ~ EX 832 ~ TU 829 (05-13-2017)
FICO 8: EQ 821 ~ EX 810 ~ TU 819 (05-13-2017)
FICO 8 Bankcard: EQ 844 ~ EX 840 ~ TU 845 (05-13-2017)
Credit History: 29 years ~ AAoA: 14 years
Total available revolving credit: 157K ~ Cumulative Util: 4% and dropping fast
Inqs: 1 EX (new)
13 Total Accounts on Reports: 8 open, 5 closed. No open installment accounts (soon to change)
Valued Contributor
Posts: 1,498
Registered: ‎03-10-2014
0

Re: Applied For The Amex BCP And Received 14 Day Notice


fused wrote:

Creditaddict wrote:
I don't think $25k+ being FR related has EVER been an Amex thing but a few members posted about such things and it's become practical Amex stone that just keeps going and going... It's not true.
Amex can FR at $1k or $100k the CL isn't the deciding factor

I agree to some extent. 25K+ CL's was not the only reason Amex would do a FR. In 2008 to about 2010 there were a number of FR triggers. Sudden changes in spending and payment habits were two of them. Signing up for flex pay was another. Owning a home in an area with lots of homeowners upside down on their mortgages seemed to be another (I'm still not completely sold on that one). The 25K+ CC was another. Countless people in this forum and other credit forums were given a FR when they asked for CLI's that would have put their CL above 25K. That's not to say it happened to just about everyone in that situation. myFICO and other credit forums were saturated with threads on this very topic. As for what might trigger a FR with Amex today, I just don't know.


In my mother's case, she triggered a FR because she was making outrages purchases on her biz CC's.

Super Contributor
Posts: 14,955
Registered: ‎04-22-2013
0

Re: Applied For The Amex BCP And Received 14 Day Notice

Generally, the "FR"s for CLI, at $25K or elsewhere, weren't FRs, merely request for proof of income.  If you refused, you didn't get the CLI, but your cards remained as they were.  In a real FR, failure to produce the documents causes your accounts to be closed.

Moderator Emeritus
Posts: 4,767
Registered: ‎12-18-2013
0

Re: Applied For The Amex BCP And Received 14 Day Notice

Hey fused, any updates?

Established Contributor
Posts: 961
Registered: ‎12-05-2013
0

Re: Applied For The Amex BCP And Received 14 Day Notice

Ltlurker, I notice your bc line is 50k. Was this the result of consolidating other amex CLs into one or from multiple 3 CLS requests?

Thx
Discover IT $19,000 == 12/2013
AMEX 12/2013 ---BCP $12,000 === BC $23,000 ----- 04/2014
CHASE SLATE $5,700 === 12/2013
BoA 123 $6000 === 12/2013
Barclay Rewards $1500 == 12/2013

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