Reply
Valued Member
Posts: 43
Registered: ‎09-18-2007
0

Re: AMerican Express Credit Line INcrease Question

Yep....a "7 to 10 day" response from Amex is like a Dear John letter with 3rd class postage....They just want to let you down easy and give you some time to soften the blow...

 

However, I just received a 1000 dollar increase on my Optima card using the LUV button on their website. So Amex isn't totally refusing CLIs to all customers.

 

Admittedly, it was my first ever increase from them and my limit is only a paltry 3K with the increase. But it was a nice gesture on their part...I only use them for small stuff anyway since they're not as widely accepted.

 

But hey, there's no real risk to asking for a CLI from Amex....They've never given me a hardpull inquiry for any of my previous requests for additional credit. In fact, their customer service reps tell me there's no shame at all in asking for an increase every 6 months---as long as you can back up your declared income and don't push your limits to excess...

 

 

Regards,

 

Cato 

 

 

 

 

Established Contributor
Posts: 513
Registered: ‎04-03-2007
0

Re: AMerican Express Credit Line INcrease Question


MidnightVoice wrote:

 

I will NOT be asking ANYONE for a CLI this year!!


Nor I either.

 


Established Contributor
Posts: 513
Registered: ‎04-03-2007
0

Re: AMerican Express Credit Line INcrease Question


GomerPyle wrote:

Note to self, leave AMEX alone.


I wrote that same note quite a while ago myself

after reading many Amex threads in this forum.

 

Every offer in the mail from Amex goes right to the shredder.

 


Frequent Contributor
Posts: 401
Registered: ‎02-23-2009
0

Re: AMerican Express Credit Line INcrease Question

Yall serious..hmm i know it doesnt hurt to ask, who knows they will give me one.. *cross my finger*..My credit score with Amex (Experian) is 724.. So I'm hoping I qualify for it

 

Established Contributor
Posts: 513
Registered: ‎04-03-2007
0

Re: AMerican Express Credit Line INcrease Question


CreditCard101 wrote:
* i know it doesn't hurt to ask,

* who knows they will give me one.

* *cross my finger*.


* Actually many people have been hurt by asking,

 

* They might give you one FR, one CLD or one of each.:smileyindifferent:

 

* Cross a finger or pray, what ever works for you. You definitely can use any help you can get if you step up to spin the Amex wheel of fortune. There are a couple of spaces that you definitely don't want the wheel to stop on. :smileywink: 


Established Contributor
Posts: 991
Registered: ‎05-14-2008
0

Re: AMerican Express Credit Line INcrease Question


CreditCard101 wrote:

Yall serious..hmm i know it doesnt hurt to ask, who knows they will give me one.. *cross my finger*..My credit score with Amex (Experian) is 724.. So I'm hoping I qualify for it

 


 

Yes, it CAN hurt to ask.  Hard pulls, denials, CLDs or outright cancellation are possible outcomes today by asking for more credit.  Unless you really need more credit (and most of us don't) just sit tight, use what you have responsibly, PIF and wait for times to get better.  Once we get past all these issues the banks will be more motivated to lend.  Until then, back away from those luv buttons.
Contributor
Posts: 123
Registered: ‎03-29-2009
0

Re: AMerican Express Credit Line INcrease Question

honestly i wont be asking for any CLI although I thought of that, but not anymore.

 

I'm so glad I did it all last year, from $1800 -> $4800 -> $10000.

-----------------------------------------------------
FICO pulled by loan officer on 8/3/2009
EQ: 724
EX: 740
TU: 742
Frequent Contributor
Posts: 401
Registered: ‎02-23-2009
0

Re: AMerican Express Credit Line INcrease Question

I have a feeling that i didnt get approve for CLI..What kind of American Express are they? they are supposed to express everything
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.