Re: Did I just trigger an FR when asking for a CLI????? =( UPDATE!!!
i have an update after waiting the 7-10 days. Here is the repsonse I got from AMEX:
"We are writing to let you know that, unfortunately, we're unable to approve your request for a credit limit increase at this time for the folliwng reasons(s):
"Your recent payments are too low in relation to the balances on your account"
I have made, not just one, but several payments monthy. My average payment is $200 or more a month. My minimum payment is $35 and I have never MISSED a payment. I have been with them for over a year and a half. What the hell gives? My FICO scores are as follows:
Equafax - 699 TransUnion: 707 Experian - 701!!!!!
Should I call the recon line and see if there was a mistake and try for a lower increase? Should I leave it alone? Also, I did NOT get a FR so I am very glad about that.
Let me know what I did wrong??? Thanks.
It seems pretty clear to me - if you're only paying $200 per month on a balance of almost $3000, that's not enough of a payment for them.
Myself, I can see the logic of this and I don't find it shocking or unreasonable.
Why don't you try making a few payments of $500-$1000 per month or more and then try for a CLI?
March 2014: Abysmal, low 500s
April 2015: TU 607 | EQ 599 | EX 608 April 2017: TU 662 | EQ 673| EX 694