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Established Contributor
FutureBillionaire
Posts: 644
Registered: ‎12-12-2012
0

Re: American Express CLI question

So, what happens with me if I have a 12.5k limit?

Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward,
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012
0

Re: American Express CLI question


FutureBillionaire wrote:

So, what happens with me if I have a 12.5k limit?


Then you can be our next test case!  Ask for a 3x CLI (or anything over two) and see if they give it to you without requesting tax information.

Regular Contributor
lionsfan20
Posts: 195
Registered: ‎11-26-2012
0

Re: American Express CLI question

do not try lol..a fr is not worth it..i started out at 15k and im just gonna request 20k..you dont need much more than that and a fr just aint worth the hastle

Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012
0

Re: American Express CLI question


lionsfan20 wrote:

do not try lol..a fr is not worth it..i started out at 15k and im just gonna request 20k..you dont need much more than that and a fr just aint worth the hastle


These are not the dreaded FRs!   I just had to submit the IRS form.  Your account is not frozen, they just say that if they do not hear from you within 30 days, they will assume you no longer need the CLI.   So really very different.

 

If of course your tax return transcript would show something very different from what you originally told Amex, that's a different story.

Epic Contributor
Creditaddict
Posts: 20,880
Registered: ‎10-23-2007
0

Re: American Express CLI question


bs6054 wrote:

lionsfan20 wrote:

do not try lol..a fr is not worth it..i started out at 15k and im just gonna request 20k..you dont need much more than that and a fr just aint worth the hastle


These are not the dreaded FRs!   I just had to submit the IRS form.  Your account is not frozen, they just say that if they do not hear from you within 30 days, they will assume you no longer need the CLI.   So really very different.

 

If of course your tax return transcript would show something very different from what you originally told Amex, that's a different story.


I just don't know how much clearer it can be that AMEX says to ask for up to $25k or 3x current cl and asking for $20k because you are at $15k and don't actually need it and you think they won't FR you if you don't ask you are wrong... Amex FR is pretty random if you ask me and you are only getting in your own way for Amex to do what Amex does which is approve or counter your 3x request or up to $25k.

I don't think I have ever seen a credit card company that gives you so much information on policies of SP only once you have the account and how often and for how much you can ask for in a CLI yet Amex still dominates the boards of how it works!  

Fico Scores: EQ- 682 DCU, TU 696 Walmart, EX 695 NASA(10-6-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
63 Cards and Counting :smileytongue:
Regular Contributor
lionsfan20
Posts: 195
Registered: ‎11-26-2012
0

Re: American Express CLI question

ok so i finally had the courage to do it and got a 7-10 day message..does that mean declined

Epic Contributor
Creditaddict
Posts: 20,880
Registered: ‎10-23-2007
0

Re: American Express CLI question


lionsfan20 wrote:

ok so i finally had the courage to do it and got a 7-10 day message..does that mean declined


Yes.  mark it in calendar and try again in 6 months.

Sorry!

Fico Scores: EQ- 682 DCU, TU 696 Walmart, EX 695 NASA(10-6-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
63 Cards and Counting :smileytongue:
Regular Contributor
lionsfan20
Posts: 195
Registered: ‎11-26-2012
0

Re: American Express CLI question

and this is why you dont listen to idiot bystanders..especially kids with 10000 posts who have no life

Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012
0

Re: American Express CLI question


lionsfan20 wrote:

and this is why you dont listen to idiot bystanders..especially kids with 10000 posts who have no life


What did you ask for, $20K?  And what was the wording of the message?  I think mine said about needing more information, but not sure.

Epic Contributor
Creditaddict
Posts: 20,880
Registered: ‎10-23-2007
0

Re: American Express CLI question


lionsfan20 wrote:

and this is why you dont listen to idiot bystanders..especially kids with 10000 posts who have no life


UMMM, I can only assume since I'm just over 10,000 posts you are making this statement about me?  I don't know what getting declined for a CLI has to do with me as an idiot, kid, or 10k posts... I am no kid either... as much as I might want to be a little younger, I am not even close.

Fico Scores: EQ- 682 DCU, TU 696 Walmart, EX 695 NASA(10-6-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
63 Cards and Counting :smileytongue:

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