Reply
Regular Contributor
asteroidblues
Posts: 117
Registered: ‎05-12-2010
0

Re: Frequency of CLI requests? Is it just me or is Amex extremely strict?

I would say they are strict. I've had an Amex card since 2005. Perfect payment history and no balance. I have been given no CLI ever.

Member
Mifune
Posts: 43
Registered: ‎05-06-2010
0

Re: Frequency of CLI requests? Is it just me or is Amex extremely strict?

Alright, so I called Amex up and got them to lower my purchase APR from a deadbeat penalty rate of 27% (this was all as a result of a 2 day late mail in payment 14 months ago!!) to a still scandalous 17% (fed rate + 12.7%).  At least they lowered it, and the CSR couldnt understand why I had such a high rate either.

 

I also reqeusted a conservative CLI from $1700 to $3000 ($1300 increase).  They couldnt give a solid answer on whether it would result in a hard of soft inquiry, and said I didnt want a hard inquiry.  I asked her to put in the request and she asked a couple income and address verification questions and it was approved immediately.  Finally.

 

I know they primarily use Exp and I use some Exp credit monitoring services... so far have seen no hard inquiries pop up.  I'll have to check again tomorrow, but so far it looks good!   I'm still not totally satisfied with them as a credit card provider, but I'm happy I could get turn that nasty card into something that I could have practical uses for.

 

@ time of call, payments all on time 12months,  $48 balance on a $1700.00 line of credit (~3%)


Starting Score 5/6/10:Transunion: 740 Equifax: 732 Experian PLUS: 761
Current Score (6/15/10):
Transunion: 756 Equifax: 767 Experian PLUS: 771
Goal Score:
Transunion: 770 Equifax: 770 Experian PLUS: 785
Take the FICO Fitness Challenge
Regular Contributor
blacklotus
Posts: 235
Registered: ‎02-14-2010
0

Re: Frequency of CLI requests? Is it just me or is Amex extremely strict?

Are you still happy with this card?


TU Fico 736 EQ Fico 730 (December 2012)
Moderator Emeritus
fused
Posts: 16,310
Registered: ‎03-12-2007
0

Re: Frequency of CLI requests? Is it just me or is Amex extremely strict?

 


Mifune wrote:

 

 I know they primarily use Exp and I use some Exp credit monitoring services... so far have seen no hard inquiries pop up.  I'll have to check again tomorrow, but so far it looks good!    



 

Congrats on your CLI!!!!!!!!!!!!

 

A couple of things. First, if Amex or any CCC needs to hard you, they must get your permission before doing so. Next, if Amex harded you, it would be on your report(s) by now. 

 

 

 

Credit Profile -
FICO 08 Scores (08-15-2014): EQ 820, EX 817, TU 814
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

Credit Cards -
Amex BCP 25K ~ Amex Clear 25K ~ Amex Platinum NPSL ~ Chase Freedom Visa 19.3K ~ CITI Dividend World Mastercard 20.3K ~ FIA Fidelity Investments Platinum Plus Visa 40K ~ A Gold Visa with my local bank 10K
Member
Mifune
Posts: 43
Registered: ‎05-06-2010
0

Re: Frequency of CLI requests? Is it just me or is Amex extremely strict?

 


blacklotus wrote:

Are you still happy with this card?


 

I can't say I've ever been totally happy with it, as I've always felt that the amount of credit and the terms they provided didn't quite commensurate with both my ability to pay (as my credit history would indicate), and my proven ability via actual payment history with them (had the card 3 years, paying over minimum on time every time, with the exception of one barely late pymt being 2 days after).

 

They are the service provider and it's ultimately their call, but other credit card companies I do business with have been a lot friendlier.

 

It's probably a good card to have, just so I have one from each major card company (Amex, Visa, MC), and I hope it can perform better in the future so that I can be more in tune with the whole "don't leave home without it" thing.  For now WFB Visa is my go to card for big purchases and emergencies.  I had somewhat of a fortuitous experience with my WFB Visa where I had just doubled my LOC to $10k, and the next day, my cat got very sick and incurred a huge vet bill that I couldn't possibly pay in cash.  I was fortunate to have a higher LOC available so that I had some credit to spare without becoming to overutilized.


Starting Score 5/6/10:Transunion: 740 Equifax: 732 Experian PLUS: 761
Current Score (6/15/10):
Transunion: 756 Equifax: 767 Experian PLUS: 771
Goal Score:
Transunion: 770 Equifax: 770 Experian PLUS: 785
Take the FICO Fitness Challenge
Senior Contributor
score_building
Posts: 3,524
Registered: ‎01-10-2008
0

Re: Frequency of CLI requests? Is it just me or is Amex extremely strict?

[ Edited ]

 


Mifune wrote:

 


blacklotus wrote:

Are you still happy with this card?


 

I can't say I've ever been totally happy with it, as I've always felt that the amount of credit and the terms they provided didn't quite commensurate with both my ability to pay (as my credit history would indicate), and my proven ability via actual payment history with them (had the card 3 years, paying over minimum on time every time, with the exception of one barely late pymt being 2 days after).

 

They are the service provider and it's ultimately their call, but other credit card companies I do business with have been a lot friendlier.

 

It's probably a good card to have, just so I have one from each major card company (Amex, Visa, MC), and I hope it can perform better in the future so that I can be more in tune with the whole "don't leave home without it" thing.  For now WFB Visa is my go to card for big purchases and emergencies.  I had somewhat of a fortuitous experience with my WFB Visa where I had just doubled my LOC to $10k, and the next day, my cat got very sick and incurred a huge vet bill that I couldn't possibly pay in cash.  I was fortunate to have a higher LOC available so that I had some credit to spare without becoming to overutilized.


 

Amex historically has a preference for PIF customers.

 

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Valued Member
OptimalFICO
Posts: 203
Registered: ‎07-05-2009
0

Re: Frequency of CLI requests? Is it just me or is Amex extremely strict?

 


asteroidblues wrote:

I would say they are strict. I've had an Amex card since 2005. Perfect payment history and no balance. I have been given no CLI ever.


Asteroid, not enough details, but with AMEX I have found they don't do CLIs automatically, you have to ask for them periodically... you may have tried this...

 

Moderator Emeritus
fused
Posts: 16,310
Registered: ‎03-12-2007
0

Re: Frequency of CLI requests? Is it just me or is Amex extremely strict?

Amex likes card holders who charge, charge, charge...then, PIF, PIF, PIF. Or at the very least, charge a lot and make big payments. This will lead to CLIs when you ask for them.

Credit Profile -
FICO 08 Scores (08-15-2014): EQ 820, EX 817, TU 814
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

Credit Cards -
Amex BCP 25K ~ Amex Clear 25K ~ Amex Platinum NPSL ~ Chase Freedom Visa 19.3K ~ CITI Dividend World Mastercard 20.3K ~ FIA Fidelity Investments Platinum Plus Visa 40K ~ A Gold Visa with my local bank 10K
Senior Contributor
score_building
Posts: 3,524
Registered: ‎01-10-2008
0

Re: Frequency of CLI requests? Is it just me or is Amex extremely strict?

[ Edited ]

 


fused wrote:

Amex likes card holders who charge, charge, charge...then, PIF, PIF, PIF. Or at the very least, charge a lot and make big payments. This will lead to Clips when you ask for them.


Agreed but I was surprised that I received a CLI on request recently because it was an acct that had been hit with AA and I had just recently PIF a balance that I had been paying down aggressively (while making only nominal charges)  I'm sure not nearly fast enough for Amex, I think they're in a generous mood lately.

 

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+