Reply
Moderator
webhopper
Posts: 7,230
Registered: ‎09-16-2011

Re: No AMEX CLI for me...

Rather than closing prg I would look at downgrading it to zync and using it solely for cable and phone bill... Decreased AF and you still get some rewards with it...

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Established Contributor
searchingfor67
Posts: 668
Registered: ‎08-02-2011

Re: No AMEX CLI for me...

Hi Empty -

 

If you don't mind me asking, what is your income? I've opened a couple of cards since my Costco TE approval in May, and I'm tying to weigh my approval odds of a cli in November...BTW, my come is low 6 figures.

 

Thanks,

TU FICO: 772 (Discover) • Exp FICO: 772 (Citi)

Amex BCP $13K | Amex Costco TE $10.4K | Amex SPG $10.1K | Chase Freedom Visa Signature $15K | Chase Sapphire Preferred Visa Signature $15K | Chase Ink Plus World Elite MC $5K | Citi TY Preferred World MC $10.1K | Citi Forward $10K | Discover IT $9K | JP Morgan Chase Select Visa Signature $9.2K | NFCU Flagship Visa Signature $25K | NFCU LOC $15K | NFL Visa Signature (Saints) $8.1K | USAA Amex $10K | USAA World MC $9K
Established Contributor
emptypockets
Posts: 898
Registered: ‎02-03-2009

Re: No AMEX CLI for me...

Income is about 95-100k
CC's: AMEX Delta/BCP/HH, Alliant Visa, PenFed AMEX, Nordstrom Sig Visa, Lowe's, BBRZ Plat, US Bank Cash+ Visa, Chase CSP/Freedom/Marriott/SWA Prem, Huntington Voice, UMB Visa, Dillard's AMEX, Barclay's NFL Visa, Home Depot, Citi Diamond Pref./Dividend/AA Platinum, Discover IT, Walmart Discover, Cabela's Visa, Cap One Quick Silver, BOA BB Rewards MC, BMW Visa Siggy, Comenity FRN MC/TR Visa, Ebates Visa Siggy, 5/3 Real Life Rewards, Jared, Kohl's, Macy's, Macy's AMEX.

Current Scores: EQ (3/28/14): 798; TU MyFico (3/7/14):781; Walmart TU Fico 08 (4/4/2014): 814; EX (3/7/14): 773
Regular Contributor
MustangSaluki
Posts: 202
Registered: ‎07-07-2008

Re: No AMEX CLI for me...


Crashem wrote:

No one should expect a 3x cli be anywhere close to automatic.  I think we hear of a lot of approvals on 3x for people's first Amex revolver.  Amex often is a bit conservative so 3x takes it to extremely generous cl in 61 days.  Its the frequency and the method they do cli (soft) that make Amex revolvers easy to grow.  Given the information, doesn't surprise me you didn't get cli.  They weren't offering you more cl on subsequent Amex approvals.   For me, first Amex revolver half what they gave me on 2nd revolver even though 3-4 months separating apps.  For you, it went down and then stayed about the same.  Remember there is difference from risk perspective from giving someone 3 5k cards vs one with 15k.  Easier for Amex to take bigger losses on one card with big limit vs 3 smaller limit ones.   Funny thing, Amex has recently started allowing limits to be moved between cards.  so that is your backdoor method.  My guess is they stopped allowing limit movement given what I said above of it being higher risk during the wake of 2008 financial crisis.  However it is back now.  My recommendation is that you move a little limit around so you show higher limit card so computer can see you can handle it.  However don't move too much over so that difficult to get cl up on the now reduced cl card.  Ome technique that used to work was move limits over.  Cancel the crappy limit card.  Reapply for new card in couplloaf months later and get limits more similar to original cl on new card.  Hope that made sense,


Nice post Crashem (as usual). Lot of great points. Just wanted to throw it out there that Amex allows CL movement from a card only after 13 statements. 


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+