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AMEX Hates Me?

New Contributor

AMEX Hates Me?

760 credit score. Zero blemishes on credit report. 8% credit utilization. They deny me a credit limit increase from $3600. Seriously?

 

I put in a request for $15,000 and they said no to that, and also that there wasn't a lower amount that they could offer either. So now I need to wait another 6 months to apply again right?

Message 1 of 23
22 REPLIES
Valued Contributor

Re: AMEX Hates Me?

WOW! Thats a lot you are asking for. You are only able to ask 3X your current limit. $15K is more like 4X your current limit. The next time you can ask for another CLI is 6 months.

Last Pulled EQ: 809
Last Credit Card App: 02/05/2016
Last CLI: 02/06/2016
Find Me: Gardening
Message 2 of 23
Valued Contributor

Re: AMEX Hates Me?

Join the club lol they also dont wanna show me love
Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Message 3 of 23
New Contributor

Re: AMEX Hates Me?


chnceit wrote:
WOW! Thats a lot you are asking for. You are only able to ask 3X your current limit. $15K is more like 4X your current limit. The next time you can ask for another CLI is 6 months.

Well, for comparison... my NFCU card has a limit of $22,000 and my USAA card has a limit of $19,000. And I've been having to make payments on my AMEX 4 times a month just to be able to use it... because $3,600 is absolute crap for my monthly spending (I work for myself and am constantly purchasing things like advertising).

 

I figured if they didn't want to give me $15,000 that they'd at least come back with a lower offer. But now it looks like I'm stuck at $3,600.

Message 4 of 23
Valued Contributor

Re: AMEX Hates Me?

Well that makes sense. Stop putting business expenses on your AMEX and get a business account. This is a major no no on Amex cards.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Message 5 of 23
Valued Contributor

Re: AMEX Hates Me?


CreditScoreBlueprint wrote:

Well, for comparison... my NFCU card has a limit of $22,000 and my USAA card has a limit of $19,000.

You know that lender like AMEX also look at your total credit limit with other lenders. Having too much can be a factor for denial. Reason being you can run up charges and default. It is Murphy's law: "if things can go wrong, it will go wrong".

 

And I've been having to make payments on my AMEX 4 times a month just to be able to use it... because $3,600 is absolute crap for my monthly spending (I work for myself and am constantly purchasing things like advertising).

STOP. AMEX personal card is strictly for personal use. Do NOT put business expenses on your card. AMEX prohibits that practice. Get an AMEX business card instead.

 

I figured if they didn't want to give me $15,000 that they'd at least come back with a lower offer. But now it looks like I'm stuck at $3,600.

The max you can ask for is 3X, or $10,800.


 

 

Message 6 of 23
New Contributor

Re: AMEX Hates Me?

Interesting. I wasn't aware that you couldn't put business expenses on an AMEX personal card. It's sort of ridiculous, considering they're still making money off you.

 

What about my NFCU and USAA personal cards. Can I put business expenses on them?

Message 7 of 23
Valued Contributor

Re: AMEX Hates Me?


CreditScoreBlueprint wrote:

Interesting. I wasn't aware that you couldn't put business expenses on an AMEX personal card. It's sort of ridiculous, considering they're still making money off you.

 

What about my NFCU and USAA personal cards. Can I put business expenses on them?


Most personal card prohibits business expenses; you have to read T&C for that. However most lender put a blind eye about that, exception being AMEX. AMEX is known to do adverse action if they find out about business expenses.

 

It is not ridiculous, since business credit card charges higher swipe fee than personal card. There is also the fact that Congress criticized lenders when they blured the line between personal and business credit card.

Message 8 of 23
Valued Contributor

Re: AMEX Hates Me?


trumpet-205 wrote:

CreditScoreBlueprint wrote:

Well, for comparison... my NFCU card has a limit of $22,000 and my USAA card has a limit of $19,000.

You know that lender like AMEX also look at your total credit limit with other lenders. Having too much can be a factor for denial. Reason being you can run up charges and default. It is Murphy's law: "if things can go wrong, it will go wrong".


OP does not have too much available credit.

 

Here are my stats:

 

181,050 total credit card limits

+ 40,000 total LOC limits

--------------------------------------------------

= 221,050 total revolving credit limits

 

 

                           CC/LOC                                            LIMIT

 

American Express Blue Cash Everyday             $17,300
Bank of America Platinum Plus Visa                  $12,500
Chase Freedom Visa Signature                          $18,000
Discover More Card                                                $15,000
JCPenney/GECRB                                                  $5,000
Walmart Discover/GECRB                                    $10,000
Navy Federal nRewards MasterCard                  $25,000
PenFed Visa Gold Card                                         $35,000
PenFed Platinum Cash Rewards Card              $15,000
Staples/Citi                                                               $3,250
USAA Rewards World MasterCard                      $10,000
US Bank Cash+ Visa Signature                           $15,000
Navy Federal LOC                                                   $15,000
PenFed LOC                                                            $25,000

 

 

Oldest Account Age: 13.4
Average Account Age: 6.8

Message 9 of 23
Regular Contributor

Re: AMEX Hates Me?


CreditScoreBlueprint wrote:

760 credit score. Zero blemishes on credit report. 8% credit utilization. They deny me a credit limit increase from $3600. Seriously?

 

I put in a request for $15,000 and they said no to that, and also that there wasn't a lower amount that they could offer either. So now I need to wait another 6 months to apply again right?


You are not alone buddy.

 

Been denied 3x already for a CLI with AMEX Smiley Sad

My TL : Venture 33k / BCE AMEX 33k / BoA123 Sig 24k / Discover 28.5k / Home Depot 16.5 K / CSP 16.5k / Barclays Arrival WEMC 15k / Citi World WEMC13.5k / CU Visa 11k/ Nordstrom Visa 15K / Freedom 10k / Citi AA 11.1k / Macy's Store 5.3K / Best buy 2.4K / BBRZ Gold 1.4K / Express 1.4K/
Message 10 of 23