General Credit Topics

[2anewu]

Congrats!!!  That is amazing!

[Cory]

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Tuscani wrote:

Wow.. $15k? NICE!

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Makes you want to apply too huh?

Staying away for now.

Cory

[Cory]

Are these cards charge cards?

[dog]

why would amex give someone 1k cl on one card and then a 15k limit on the next unless something substantially changed on the credit reports/scores from the first application to the next? 

i can understand an individual qualifying for certain cards and not qualifying for others, even within the same company; but i thought credit limits were based more on your income and their determination of ability to pay....so, when an applicant says they make 85k a year, why would amex give him 1k limit on one card and 15k limit on the other? 

perhaps i am missing something here.

[MidnightVoice]

I am always willing to believe computer error  

[dog]

i am feeling an error somewhere. 

[Timothy]

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dog wrote:

why would amex give someone 1k cl on one card and then a 15k limit on the next unless something substantially changed on the credit reports/scores from the first application to the next?

i can understand an individual qualifying for certain cards and not qualifying for others, even within the same company; but i thought credit limits were based more on your income and their determination of ability to pay....so, when an applicant says they make 85k a year, why would amex give him 1k limit on one card and 15k limit on the other?

perhaps i am missing something here.

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Computers don't make errors-people do.

As AMEX uses an internal scoring model- It is quite possible for an 1K unused limit to: 1. reduce someones UTL down
2. Show that person has never been late with AMEX
3. the new TL may not have shortened the credit length /avg age much

I am sure their are more possibilities and alot of other variables here.

[devhip]

Amex is a strange animal. Exact same scenario here. Denied for a CLI on my Delta, but they approved me for a $5K Hilton HHonors with no problem. I think 2 Amex's is enough, although I must admit it's awfully tempting. When I applied it was a toss up for either the Hilton or the Starwood. I'm not worried about the infamous FR. As long you have the W2's to back them up.

[critterj7]

I do not understand them as well, I was denied for the Hilton card which is ashame As i spend at least 90 nights a year at hilton hotels. I have no clue on their scoring model and why they would give you one card but not on another. the payment checks all go to American Express no matter what card you have. Like I said i did not get a decision right away like I did on the delta card for the 1K. I got the check back in 24 hours and when I did I was approved for 15K.