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Anyone ran into this issue before and what was your out come?
I have a CR of 779 with no badies.
$16,000 in student loans
BofA CC of $25,000 for 6 years ($5,000 on the card)
Amex Glod with rewards since 1990 ($2,200 on the card)
BCE with $22,000 since three weeks ago ($4,000 on the card)
Income: $104k
Last week applied for AMEX SPG card and they gave me a limit of $10,000...why?
Can I do a reconsideration with Amex? If so, is there a good number to call? AmEx Executive Office: 800-297-6197 or AmEx: 800-567-1083 (App Status - Use with caution if attempting a denied app recon; have been advised by one member that they can only resubmit app with another hard pull)
@onthemove wrote:Anyone ran into this issue before and what was your out come?
I have a CR of 779 with no badies.
$16,000 in student loans
BofA CC of $25,000 for 6 years ($5,000 on the card)
Amex Glod with rewards since 1990 ($2,200 on the card)
BCE with $22,000 since three weeks ago ($4,000 on the card)
Income: $104k
Last week applied for AMEX SPG card and they gave me a limit of $10,000...why?
Can I do a reconsideration with Amex? If so, is there a good number to call? AmEx Executive Office: 800-297-6197 or AmEx: 800-567-1083 (App Status - Use with caution if attempting a denied app recon; have been advised by one member that they can only resubmit app with another hard pull)
to be fair if this is your whole credit profile you only have 1 other credit card besides amex, and you just got $22k less than a month ago so $10k plus who knows your internal Gold you probably actually have exposure with Amex at 4-5x your BofA easily! Give it 61 days and request that it be raised to $30k or really push it and ask that your blue be raised to $66k.
just wait 61 days then ask for a 3x cli. I would just be careful with asking over 30k due to a possible FR.
when you do hit the 61 day mark, does it ask you what you want or just apply for an increase?
Don't overlook the 3x CLI thread.
And if $25K is your highest card, $10K isn't THAT low. Barclays gave me a CL about 1/7th of my highest card. If Amex is concerned about exposure (either with them, or overall) you will find out when you try a 3x CLI.
Thanks for the responses. I am quite aware of the "Amex 3x CIL", but I was trying to figure out with a high credit score and other good trade lines, why I ended up with only a $10,000 CL. I think I got part of my answer when I got home today. There was letter from Amex telling me that I have the "Pay-Over-Time feature and the out standing balance may not exceed $35,000, unless we notify you of a different amount", on my Amex Reward Gold Card plus, $10,000 a month for approval per month. I guess Amex internal process see things different from what we can see from the outside. Again thanks!
If OP lists all accounts 100% are carrying balances AND 2 of those are Amex cards, to put it mildly-they are not a fan of that...to get another 10k card from them while carrying debt across accounts totaling >25k actually seems generous starting CL.