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Contributor
sdoonan
Posts: 95
Registered: ‎12-24-2011
0

AMEX BCE 3x CLI denied....

Hi all,

 

I just tried the 3x CLI increase this morning and got an automated denial message, something about my risk score being too high.

 

My credit score from EQ is 702, and my current CL is 1,000. Any idea what this could be about?



Cards: CitiForward for Students (2K, opened 8/2009), Discover it (2K, opened 7/2010), AMEX BCE (1k, opened 12/2010), Capital One Quicksilver (4.5k, opened 11/2011), Chase Freedom (1.5k, opened 8/2014)

AMEX Platinum (NPSL, AC arrangement, added 12/2011), Citi AAdvantage AMEX (9k, AU, backdated to 9/2008)

Scores: TU 667, EQ 651

In the Garden since 8/8.
Senior Contributor
drkaje
Posts: 3,491
Registered: ‎07-25-2008
0

Re: AMEX BCE 3x CLI denied....

Your total debt or utilization may have increased since being approved. Far as I understand Amex's risk score is internal, based upon overall credit profile, and getting a yes or no isn't really dependent upon one's Ex score.

 

FWIW, I was denied this summer with an 725 Ex FICO. Overall debt had decreased greatly but I foolishly applied before balances had updated. Toyed with the idea of asking for an increase today but didn't pull the trigger. :smileyhappy:


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


Take the FICO Fitness Challenge
Contributor
sdoonan
Posts: 95
Registered: ‎12-24-2011
0

Re: AMEX BCE 3x CLI denied....

I see.

 

Do you know if TU data is used at all? There's a card that only shows up on that report that throws off the util % (it's my dad's, and he spends a lot of money, so his cards have higher limits and more debt).



Cards: CitiForward for Students (2K, opened 8/2009), Discover it (2K, opened 7/2010), AMEX BCE (1k, opened 12/2010), Capital One Quicksilver (4.5k, opened 11/2011), Chase Freedom (1.5k, opened 8/2014)

AMEX Platinum (NPSL, AC arrangement, added 12/2011), Citi AAdvantage AMEX (9k, AU, backdated to 9/2008)

Scores: TU 667, EQ 651

In the Garden since 8/8.
Senior Contributor
drkaje
Posts: 3,491
Registered: ‎07-25-2008
0

Re: AMEX BCE 3x CLI denied....

I believe it's usually EX.


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


Take the FICO Fitness Challenge
Valued Contributor
Repo-ed
Posts: 2,960
Registered: ‎02-09-2012
0

Re: AMEX BCE 3x CLI denied....

They use EX and TU as a back-up.

 

We need to know what changed in your file since you app'd.

 

Did YOUR util go up?  Are you only making minimum payments, and not pif'ing?

5/2012: 560 credit scores across the board and $500 secured CC
12/2014: 750+ scores across the board and $80k in revolving credit

Get those baddies removed!!!
Contributor
sdoonan
Posts: 95
Registered: ‎12-24-2011
0

Re: AMEX BCE 3x CLI denied....

Util has fluctuated since I got it, but has dropped to the lowest its been in a while (17%).

 

I'm doing more than minimum payments, but not always PIF'ing.



Cards: CitiForward for Students (2K, opened 8/2009), Discover it (2K, opened 7/2010), AMEX BCE (1k, opened 12/2010), Capital One Quicksilver (4.5k, opened 11/2011), Chase Freedom (1.5k, opened 8/2014)

AMEX Platinum (NPSL, AC arrangement, added 12/2011), Citi AAdvantage AMEX (9k, AU, backdated to 9/2008)

Scores: TU 667, EQ 651

In the Garden since 8/8.
Valued Contributor
Repo-ed
Posts: 2,960
Registered: ‎02-09-2012
0

Re: AMEX BCE 3x CLI denied....

1k is there usual borderline approval limit, and they are not yet comfortable with you yet, to extend you more.

 

Try again in 6 months.

 

Took my DF 3 years before they would increase her Delta Plat from 1k to 3800.

5/2012: 560 credit scores across the board and $500 secured CC
12/2014: 750+ scores across the board and $80k in revolving credit

Get those baddies removed!!!
Valued Contributor
Repo-ed
Posts: 2,960
Registered: ‎02-09-2012
0

Re: AMEX BCE 3x CLI denied....


Repo-ed wrote:

1k is there usual borderline approval limit, and they are not yet comfortable with you yet, to extend you more.

 

Try again in 6 months.

 

Took my DF 3 years before they would increase her Delta Plat from 1k to 3800.


...and by that, I mean she was denied denied denied each time for 3 years, then finally she was just increased from 1k to 3800 a month ago or so now.

5/2012: 560 credit scores across the board and $500 secured CC
12/2014: 750+ scores across the board and $80k in revolving credit

Get those baddies removed!!!
Contributor
sdoonan
Posts: 95
Registered: ‎12-24-2011
0

Re: AMEX BCE 3x CLI denied....

I started with 2k, but due to running up cards during a 3-week stay in the UK (one of my dumbest decisions ever), they cut me to 1k back in February.



Cards: CitiForward for Students (2K, opened 8/2009), Discover it (2K, opened 7/2010), AMEX BCE (1k, opened 12/2010), Capital One Quicksilver (4.5k, opened 11/2011), Chase Freedom (1.5k, opened 8/2014)

AMEX Platinum (NPSL, AC arrangement, added 12/2011), Citi AAdvantage AMEX (9k, AU, backdated to 9/2008)

Scores: TU 667, EQ 651

In the Garden since 8/8.

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