topic Re: Amex 3X CLI with decrease in income? in Credit Card Applications

Amex 3X CLI with decrease in income?

Anonymous — Mon, 22 May 2017 12:52:24 GMT

It is time for my Amex 60-day 3X CLI. However, within the last 60 days, I stopped working my second job which was part-time. My ncome is now lower by 30%. Will this change in income hurt my chances for 3X CLI. I noticed that the online credit increase request asks for income amount.

Re: Amex 3X CLI with decrease in income?

JoeLuvsHisCredit — Mon, 22 May 2017 13:50:46 GMT

In your case I would put down the amount that is on your tax return incase they ask for proof?

Re: Amex 3X CLI with decrease in income?

Anonymous — Mon, 22 May 2017 14:13:55 GMT

That makes sense. I'll just put what my income is now and see what happens. If I want to close one Amex and move the limit to another Amex, should I request CLI on both cards first? Or should I close and transfer first?

Re: Amex 3X CLI with decrease in income?

mortimerwereback — Tue, 23 May 2017 00:19:17 GMT

@Anonymous wrote:
It is time for my Amex 60-day 3X CLI. However, within the last 60 days, I stopped working my second job which was part-time. My ncome is now lower by 30%. Will this change in income hurt my chances for 3X CLI. I noticed that the online credit increase request asks for income amount.

Don't have an answer for you, but I think it's a great question. I hear Amex is strict with income amounts and have read posts about their financial audits. I wonder how their algorithms flag for such things. Best of luck! Pease keep us posted!

Re: Amex 3X CLI with decrease in income?

Anonymous — Tue, 23 May 2017 00:23:19 GMT

@mortimerwereback wrote:
@Anonymous wrote:
It is time for my Amex 60-day 3X CLI. However, within the last 60 days, I stopped working my second job which was part-time. My ncome is now lower by 30%. Will this change in income hurt my chances for 3X CLI. I noticed that the online credit increase request asks for income amount.
Don't have an answer for you, but I think it's a great question. I hear Amex is strict with income amounts and have read posts about their financial audits. I wonder how their algorithms flag for such things. Best of luck! Pease keep us posted!

Ok I will keep you all posted. I just obtained information on how to contact Amex CLI dept. I think I might talk to them first.

Re: Amex 3X CLI with decrease in income?

Anonymous — Fri, 26 May 2017 21:40:23 GMT

Count me among the people denied 3X CLI after 60 days. AMEX stated I had too many recent inquiries and new accounts. Oh well. I really don't need any more credit. I was just trying to pad my utilization. They didn't mention my decrease in income at all.

Re: Amex 3X CLI with decrease in income?

Anonymous — Fri, 26 May 2017 21:53:40 GMT

@Anonymous wrote:
Count me among the people denied 3X CLI after 60 days. AMEX stated I had too many recent inquiries and new accounts. Oh well. I really don't need any more credit. I was just trying to pad my utilization. They didn't mention my decrease in income at all.

Sorry to hear....join me in the garden..we can keep each other company...lol...

Re: Amex 3X CLI with decrease in income?

Anonymous — Fri, 26 May 2017 22:03:02 GMT

@Anonymous wrote:
@Anonymous wrote:
Count me among the people denied 3X CLI after 60 days. AMEX stated I had too many recent inquiries and new accounts. Oh well. I really don't need any more credit. I was just trying to pad my utilization. They didn't mention my decrease in income at all.
Sorry to hear....join me in the garden..we can keep each other company...lol...

Sounds like a great plan!!!

Re: Amex 3X CLI with decrease in income?

mortimerwereback — Sat, 27 May 2017 01:33:05 GMT

@Anonymous wrote:
Count me among the people denied 3X CLI after 60 days. AMEX stated I had too many recent inquiries and new accounts. Oh well. I really don't need any more credit. I was just trying to pad my utilization. They didn't mention my decrease in income at all.

Yes, same thing I would've been trying to accomplish. May I ask, how many inquiries and accounts did Amex consider "too many?"