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Did I just trigger an FR when asking for a CLI????? =(

Valued Contributor

Re: Did I just trigger an FR when asking for a CLI????? =(

There was a great post about financial review vs. proof of income about a week ago, but danged if I can find it. Smiley Happy

 

The upshot is that people often get these two things confused. FR is generally triggered by odd behavior, and a customer would have no choice but to submit to it. Asking for a CLI is very unlikely to be considered odd.

 

POI, on the other hand, is optional. The customer can decide to simply not proceed any further or can try requesting a lower CLI.

 

If I were in the OP's position, I'd definitely want to know what's going on. But I would think that FR is highly unlikely.

Message 11 of 21
Valued Contributor

Re: Did I just trigger an FR when asking for a CLI????? =(

Jesus people.... AMEX isn't that complicated!!!!

 

7-10 = denial / delayed approval

4506 = you know online and it asks you if you want to do it now or wait for the mailed form

- if you don't respond for a CLI 4506 = no CLI

- if you don't respond for an actual FR = no CC for you

Then there's everyones favorite instant approval

 

 

Message 12 of 21
Community Leader
Valued Contributor

Re: Did I just trigger an FR when asking for a CLI????? =(


HeavenOhio wrote:

There was a great post about financial review vs. proof of income about a week ago, but danged if I can find it. Smiley Happy


http://ficoforums.myfico.com/t5/Credit-Cards/AMEX-3X-Credit-Limit-Increase-Question/m-p/4884976


$500k+ club. | FICO 08 [Oct 2017]: EQ 746 EX 738 TU 733 | World's worst gardener.
Message 13 of 21
Valued Contributor

Re: Did I just trigger an FR when asking for a CLI????? =(

Thanks, K-in-Boston. That's the post I was looking for.

Message 14 of 21
Valued Contributor

Re: Did I just trigger an FR when asking for a CLI????? =(

I apply this to ANY bank buisness.. 

When in doubt, dont poke the bear....

 

http://www.doctorofcredit.com/dont-call-the-bank/

 

 

Message 15 of 21
Regular Contributor

Re: Did I just trigger an FR when asking for a CLI????? =(

Amex EveryDay 20K | Amex BCE 10K | Amex Plenti 5K | Citi® Diamond Preferred 7.3K | Citi® Simplicity 7.4K | Cap One Quicksilver Visa 14.6K | Cap One Buy Power 3K | Discover It 13K | Discover Miles 3K | BOA Cash Rewards WMC 15K | State Farm Visa 4K | US Bank Plat 3K | US Bank FlexPerks Select+ AMEX 9K | 2nd US Bank Plat 5K | Chase AARP 3.5K | FNBO Rewards 4.850K | Huntington Voice 6,250K | Huntington Voice Rewards 6K | Fidelity Visa Sig 7.5K | Target MC 4K | BB&T Bright 2K | HSBC Gold 2K | Wal Mart MC 10K | Ebates Visa 10K | Ebay MC10K | Marvel MC 10K | Paypal Credit 2.250K | Scores 11/2017 EX749; TU763; EQ765
Message 16 of 21
Senior Contributor

Re: Did I just trigger an FR when asking for a CLI????? =(

 

 

 

100014364-bear_growl_gettyp-600x400.jpg



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Message 17 of 21
Regular Contributor

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"

 


WHAT!!!!?????  

 

 

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.

 

 

Message 18 of 21
Community Leader
Super Contributor

Re: Did I just trigger an FR when asking for a CLI????? =( UPDATE!!!


Dreadfully_Darken wrote:

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"

 


WHAT!!!!?????  

 

 

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.

 

 


Let it be and try again after another 3 months... Work on paying down your Amex balance and getting your scores up a bit more and next time you might yield better results.  Amex doesn't recon.  You must wait 3 months between denied CLI attempts if denied and 6 months between approved one.  No middle ground you really have no choice.  

 

Curious what do you owe on that amex card and how long have you been carrying that balance.  Also at a 700 Exp score something has to be holding the score down is it old baddies or utilizaton?  

Chase | Citibank | Amex | BofA | PenFed | NFCU | Discover | Barclay's| US Bank | Fifth Third Bank | FNBO
Message 19 of 21
Regular Contributor

Re: Did I just trigger an FR when asking for a CLI????? =( UPDATE!!!

I owe $2900 on my AMEX.  My CL is $19500.  I have no baddies at all.  I think it because my overall UTI is 42%  =(  I will try again in 3 months and try to pay down my card.  Thanks for the information though. I have been carrying that for about a year.  But I was at $5000 so I have been paying it down.  Its OK, I am just a little down at the moment.  Such is life.

 
OH btw I read myFico socre wrong.  My score is 707 not 700, but it probably didn't make a difference.  Thanks.

 

Message 20 of 21