topic Re: Amex CLI Help in Credit Card Applications

Amex CLI Help

Anonymous — Mon, 09 Apr 2018 02:29:04 GMT

I've had an Amex Delta Gold for almost 2 years now. I'm still on my SL $1,000. I've tried to request CLI both online and via phone, but to no avail. I get cited for the same reasons impacting my score: baddie from two years ago, high revolving credit (34% UR, mainly due to recent large purchases. Moved to a new apartment, have appliances, mattresses, etc on a couple of cards because of financing perks). I otherwise have perfect payment history for over 5 years, including my 2 years with Amex. My FICO through Amex is at 669, which is about 25 points higher than when I applied for the card. I never even run a balance on the card. I just want a higher CL so I can run more purcahses through it and get those miles.

Any thoughts? Or is it just a matter working through fixing the baddie and keep lowering the UR?

Re: Amex CLI Help

Meanmchine — Mon, 09 Apr 2018 03:05:33 GMT

Sounds like you already know what you have to do

Amex $500 - $1000 starting limits can be SLOW to grow. Give it some more time.

Good luck

Re: Amex CLI Help

Goal_Getter — Mon, 09 Apr 2018 14:20:40 GMT

This is the same thing that I am afraid of. My 61st day with AMEX was yesterday 04/08. I have not hit the button on a CLI because I honestly don't feel I will be granted an increase. The reasons are because I literally just had a collection to hit my Experian report 2 days ago. Plus I didn't do so good about paying off my card balance. I carried a 70% utilization on my AMEX card at statement cut. However, my score has increased by 21 points since i got the card. It was 625 at approval and its at 646 today per AMEX account. I should point out that the new collection didn't affect my score at all. I'm so tempted to ask for increase but I think I better lay low for next couple months.

Re: Amex CLI Help

sueblue34 — Wed, 11 Apr 2018 01:02:32 GMT

1k limits are slow growing. I should know 😔

I’ve had my card 9 months and denied cli twice due to my score. Mind you when I got the card my score was 605 now it’s at 659 on EX.

I’m not going to try again I’ll wait for auto cli. Pay in full and wait.

I’ll agree with you staying low for a while

Re: Amex CLI Help

Anonymous — Wed, 11 Apr 2018 01:42:22 GMT

Here's what's going on.... Amex decided to take a gamble on you with less than desirable FICO scores. FICO scores below 670 are rated as "Fair" by all three major credit agencies (Fair is simply a nicer way of saying "sub-prime"). So as long as your EX FICO score remains below 670, Amex will be unwilling to extend additional credit. Once you move into the "Good" rating category (670-740) significantly more credit opportunities will become available.

Amex, and other lenders, are expecting you to do whatever necessary to improve your scores. That could mean cleaning up delinquencies on your credit report, taking out a debt consolidation loan, reducing utilization by paying down your revolving accounts etc. Your score increase since approval for the card does not negate the fact that you're still rated as a sub-prime applicant and that's what restricting your limits from growing.