topic Re: 1st Amex BCP CLI in Credit Card Approvals

1st Amex BCP CLI

Mischa — Sat, 04 Sep 2021 03:21:37 GMT

I recently hit 61 days on my new Amex BCP and decided to try for a CLI. I got the 7-10 day message. Anxiously waited for the letter to come as I was hoping I had just applied too early, and wasn't being denied for a credit profile related reason (I know you have to wait 90 days if denied for this).

The letter arrived a few days ago and the denial reason stated that my relationship with Amex was too new. So I decided to try again. I'm currently carrying a balance over 3k on the card (0% intro APR). I also refinanced my car and have a recent mortgage inquiry in the time since I've opened the card. So I wasn't feeling too confident.

My SL was 15k so obviously I wasn't going to ask for a 3x CLI. I've heard they can request the dreaded tax forms anywhere from 25k-35k so I decided to play it safe and ask for 24k.

Instant approval! So apparently they weren't bothered by the things I was concerned about. Very happy with Amex and this card so far!

Re: 1st Amex BCP CLI

Anonymous — Sat, 04 Sep 2021 03:28:41 GMT

Congrats!

Re: 1st Amex BCP CLI

CreditAggie — Sat, 04 Sep 2021 03:40:55 GMT

Congratulations on your Amex BCP CLI!

Re: 1st Amex BCP CLI

Rudy1 — Sat, 04 Sep 2021 03:43:03 GMT

Wow! Congrats on your approval!

Re: 1st Amex BCP CLI

Taurus22 — Sat, 04 Sep 2021 03:59:47 GMT

Congrats on your Amex CLI! Good for you, being cautious...

This is another one for me coming up in Nov. I'm chewing at the bit, waiting for my 2nd 3x....

Re: 1st Amex BCP CLI

KingRue8500 — Sat, 04 Sep 2021 04:17:48 GMT

Congrats on your AMEX Blue Cash Preferred CLI

Re: 1st Amex BCP CLI

Total80sKid — Sat, 04 Sep 2021 05:16:36 GMT

Congrats on your BCP CLI 👍🏼

Re: 1st Amex BCP CLI

cashorcharge — Sat, 04 Sep 2021 05:27:45 GMT

That’s terrific! Congratulations on your BCP CLI approval!! 👏🏼🎉🍾

I think your next opportunity is in another 91 days. As long as you don't go over $35K, you "should" be okay without having to provide POI...at least that's what is typically reported around here...

Re: 1st Amex BCP CLI

Anonymous — Sat, 04 Sep 2021 15:12:11 GMT

@Mischa

Awesome! Congrats on the CLI! I can't wait for my 3X CLI on my new BCE.

Re: 1st Amex BCP CLI

pizzadude — Sat, 04 Sep 2021 15:18:40 GMT

Congrats on the $9K CLI !!

Re: 1st Amex BCP CLI

Anonymous — Sat, 04 Sep 2021 15:43:32 GMT

@Mischa wrote:
I recently hit 61 days on my new Amex BCP and decided to try for a CLI. I got the 7-10 day message. Anxiously waited for the letter to come as I was hoping I had just applied too early, and wasn't being denied for a credit profile related reason (I know you have to wait 90 days if denied for this).

The letter arrived a few days ago and the denial reason stated that my relationship with Amex was too new. So I decided to try again. I'm currently carrying a balance over 3k on the card (0% intro APR). I also refinanced my car and have a recent mortgage inquiry in the time since I've opened the card. So I wasn't feeling too confident.

My SL was 15k so obviously I wasn't going to ask for a 3x CLI. I've heard they can request the dreaded tax forms anywhere from 25k-35k so I decided to play it safe and ask for 24k.

Instant approval! So apparently they weren't bothered by the things I was concerned about. Very happy with Amex and this card so far!

Congratulations on your CLI!

Re: 1st Amex BCP CLI

Elpadrino1 — Sat, 04 Sep 2021 17:26:41 GMT

Congratulations on your CLI!!

Re: 1st Amex BCP CLI

gdale6 — Sat, 04 Sep 2021 19:34:20 GMT

Fantastic new limit, grats on getting it

Re: 1st Amex BCP CLI

Sub16610 — Sun, 05 Sep 2021 01:29:56 GMT

Terrific!

Re: 1st Amex BCP CLI

Anonymous — Sun, 05 Sep 2021 01:43:44 GMT

Nice! Congrats!

How much was your monthly spend leading up to the CLI?

I also recently got a BCP with a 10k SL. I want to make sure my spend will justify a CLI in a couple months.

Re: 1st Amex BCP CLI

Mischa — Sun, 05 Sep 2021 05:29:26 GMT

@Anonymous wrote:
Nice! Congrats!

How much was your monthly spend leading up to the CLI?

I also recently got a BCP with a 10k SL. I want to make sure my spend will justify a CLI in a couple months.

I've probably ran out about 7k through the card in the first 70 days. I am carrying a balance, but have also been making decent sized payments multiple times a month.

Re: 1st Amex BCP CLI

mrcraft — Sun, 05 Sep 2021 20:03:31 GMT

Congratulations on your CLI!!

I got the 4506-C request few days ago when I asked for an increase from $9,000 to $27,000. Same when I entered $25,000. I called in and spoke with couple of people and they approved a CLI for a new credit limit of $20,000 without tax transcripts, maybe could have asked for $24,000 but asked for a lower amount just to be safe. My next Amex CLI in 6 months on another card, I'll ask for $24,000. Lesson learned.

Re: 1st Amex BCP CLI

SPChaser — Mon, 06 Sep 2021 07:04:30 GMT

Congrats on Amex BCP success!