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Valued Contributor
Epcot
Posts: 2,784
Registered: ‎10-10-2012
0

Re: AMEX $25K popularity

[ Edited ]

Hmm. Wife has the Blue Cash card. (Not even offered anymore) but I don't see any way to ask for a CLI online. I checked under Account Management and then under Manage Credit Limit, but the only options there are to check on balance transfer, recent declines or spending ability.
Must it be called in then to request a CLI? Haven't requested one in over two years.


Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 809 EX 774 TU 805
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Frequent Contributor
Roarmeister
Posts: 328
Registered: ‎04-21-2012
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Re: AMEX $25K popularity


CS800 wrote:

SO I pulled the trigger for the CLI and requested $25K and they told me that it has to be reviewed by the Risk Management Team etc that I will hear from them in 3 business days

 

Also the guy said that it will be a HP. I was like why??? AMEX has always been a SP. He said no for CLI's AMEX always HP's. I asked him this twice to make sure I wasn't dreaming.

 

My previous CLI was instant in like 2 seconds. My EX is frozen but I'm sure they can still SP if they wanted to just like WalMart and PSECU do.

 

 


I suspect it is because of the doubling of the credit limit and perhaps because you crossed some internal threshold.  Maybe they have a policy that all large requests for CLI have to go to a higher level manager for approvals.  I got the same message from my bank, the higher level manager reviewed but didn't do a hard pull thankfully.  And I was rewarded with the higher CL.

 

AMEX_PlatinumBMOWorldMCCapOnePlatinumMBNA_Platinum+ScotiaMomentum
____$25k_______$20k_______$20k_______$25k_______$25k____
Starting Score: 676 Feb 2008; Current Score: 788 EQ, 814 TU, September 2014; Goal Score: 800 by end of year Oldest Account reported by EQ: 12 years; EQ AAoA: 5.5 years; EQ Credit Utilization: 3.4%
Frequent Contributor
jd5189
Posts: 470
Registered: ‎08-14-2012
0

Re: AMEX $25K popularity


Roarmeister wrote:

CS800 wrote:

SO I pulled the trigger for the CLI and requested $25K and they told me that it has to be reviewed by the Risk Management Team etc that I will hear from them in 3 business days

 

Also the guy said that it will be a HP. I was like why??? AMEX has always been a SP. He said no for CLI's AMEX always HP's. I asked him this twice to make sure I wasn't dreaming.

 

My previous CLI was instant in like 2 seconds. My EX is frozen but I'm sure they can still SP if they wanted to just like WalMart and PSECU do.

 

 


I suspect it is because of the doubling of the credit limit and perhaps because you crossed some internal threshold.  Maybe they have a policy that all large requests for CLI have to go to a higher level manager for approvals.  I got the same message from my bank, the higher level manager reviewed but didn't do a hard pull thankfully.  And I was rewarded with the higher CL.

 


I had a 11.2k CLI without any review so I don't think large CLI policies were the culprit. Probably reached an internal threshold?

In my wallet: Amex PRG & Zync, Amex BCE (19.2k), Chase Freedom (5k), PSECU Visa/PSL (20k)
Current Scores: Equifax: 738 (Fako) TransUnion: 721 (Fico) Experian: 717 (Fico)
Disclaimer: I am by no means a financial advisor. My posts are based on opinion, experience, and/or knowledge.
Senior Contributor
Walt_K
Posts: 3,065
Registered: ‎11-02-2009
0

Re: AMEX $25K popularity

@Epcot. The ability to ask online seems to come and go. Not sure what causes it to appear and disappear. If you don't have it online, you can call.

Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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Super Contributor
CS800
Posts: 6,548
Registered: ‎04-07-2008
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Re: AMEX $25K popularity

I wonder why they would put an internal threshold. Strange but hopefully they counter with something.

 

The double edge sword:

 

My $30K CL on my NFCU card can either help or make them nervous about my limits.  My total util is very low too; would be interesting to see what they come up with.

 

 




Super Contributor
CS800
Posts: 6,548
Registered: ‎04-07-2008
0

Re: AMEX $25K popularity

Results are in:

 

Current CL $12K

 

ASked for : $25K

 

After review : Denied without even a counter stating insufficient income.

 

I did the request last week and it went to a 'Financial Review' team and I didn't hear back from them until today.

 

Total util: $3%

BCE Balance: $21

Income: six figures

 

Thing is they didn't even pull a soft. AMEX strictly pulls EX in MA and I refreshed my EX and there were no softs from AMEX. So they just based their decisions on my income. That's the only thing they asked me.

 

Bummer.




Established Contributor
flowfaster
Posts: 787
Registered: ‎08-30-2011
0

Re: AMEX $25K popularity

WOW, insufficient income **bleep**?  I would call back for sure.  Is your rent/mortgage payment 10k+ a month, lol.  Something else must be going on they don't like.  Maybe your internal profitability algorithm is in the red?

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Member
AmbitiousOutsider
Posts: 10
Registered: ‎07-01-2012
0

Re: AMEX $25K popularity

They may have used an old soft from a couple months back.  AMEX is known to do this.

Regular Contributor
lanc
Posts: 150
Registered: ‎11-05-2011
0

Re: AMEX $25K popularity

Random theory:  They saw the 30k NFCU CL and was like holy smokes why does this guy need that much credit available with his income.  He's going to find a woman and go into debt by 60k with no way to pay it back :smileyhappy:

Regular Contributor
kwazziee
Posts: 148
Registered: ‎09-26-2011
0

Re: AMEX $25K popularity


CS800 wrote:

 


I'm not sure, but my brother was around 14k-15k and requested online using the LUV button for around 40k IIRC and they countered with 33.3k. That is on a plain Jane AMEX Blue that he's had for around 3yrs now.


Generally, don't they ask for more documentation to provide anything above $25K


I am not sure but from our experience it a matter of YMMV. My DW AMEX True Earning was at 20K and she requested 35K and was approved. They never ask for any documents.


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