Amex wants a 4506T!

[Watchmann]

As a 33 year AMEX card holder my advice to you would be, SLOW DOWN.  There is no consumer company that values long term relationships more than American Express.  They are the ultimate tortoise company, slow and steady wins the race with them.  At your age and income level AMEX is not going to give you anything close to $22,500, in fact $7,500 is a very healthy CL at your stage.  I would sit tight for awhile, keep your credit clean and perhaps next year ask for an increase to $12,000 or so.  You have a lifetime to get higher credit lines if you need them.  Chasing high credit lines just for the sport and in an attempt to improve your FICO is usually self defeating.  Keep your life simple at this point.

[SisterGirl]

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@Watchmann wrote:

As a 33 year AMEX card holder my advice to you would be, SLOW DOWN.  There is no consumer company that values long term relationships more than American Express.  They are the ultimate tortoise company, slow and steady wins the race with them.  At your age and income level AMEX is not going to give you anything close to $22,500, in fact $7,500 is a very healthy CL at your stage.  I would sit tight for awhile, keep your credit clean and perhaps next year ask for an increase to $12,000 or so.  You have a lifetime to get higher credit lines if you need them.  Chasing high credit lines just for the sport and in an attempt to improve your FICO is usually self defeating.  Keep your life simple at this point.

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+1....Very well stated !

SisterGirl

[FinStar]

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@SisterGirl wrote:

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@Watchmann wrote:

As a 33 year AMEX card holder my advice to you would be, SLOW DOWN.  There is no consumer company that values long term relationships more than American Express.  They are the ultimate tortoise company, slow and steady wins the race with them.  At your age and income level AMEX is not going to give you anything close to $22,500, in fact $7,500 is a very healthy CL at your stage.  I would sit tight for awhile, keep your credit clean and perhaps next year ask for an increase to $12,000 or so.  You have a lifetime to get higher credit lines if you need them.  Chasing high credit lines just for the sport and in an attempt to improve your FICO is usually self defeating.  Keep your life simple at this point.

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+1....Very well stated !

SisterGirl

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+2 Exactly.

[09Lexie]

I agree with Watchman. Even if you lowered your request to $10k they will probably ask for a 4506T. IMO, I would wait until your taxes would indicate a figure much closer to the income on your app. Don't be surprised if they ask then

[youngandcreditwrthy]

There was one poster who requested a lower amount and got it instantly. They prob are just concerned w you having too high of a limit.
The reality though is that even if you have an entry level income, you can still charge $10-20k a year on ccs if you are diligent with using and paying in full.
Amex likes pif and not too much bal revolvinf.
Have you been revolving a bal w Amex or high util with other creditors?

[youngandcreditwrthy]

+3 at watchman. Credit seeking for fun alarms creditors and you might end up with no credit. I'm 24 and I got too much too fast, and now Ive cut my own lines, and creditors like Chiti closed my account for just having too much credit- not even using it heh