topic AMEX denied CLI in Credit Card Applications

AMEX denied CLI

Jnbmom — Tue, 26 Feb 2019 23:10:57 GMT

Well they really never cease to amaze me with the decline reasoning. I have never gotten an increase, but always try every once in awhile.

Just got my denial letter first reason too many inquires, yes guilty but the second reason is beyond absurd and I quote
"The number of credit card accounts on which, in our estimation, you have not paid a majority of the balance in recent months as indicated in your credit report"

What on earth are they smoking lol, my utilization is 2%, I pay off every card in full expect for ONE card I am using BT with and that still sits at 10%. These guys are nuts .

Not taking this personally of course, I have many other creditors that do grant me increases, this reason though is ridiculas and total BS. Sorry had to rant a bit.

Re: AMEX denied CLI

Anonymous — Tue, 26 Feb 2019 23:52:09 GMT

Sorry about the denial.

2% of $210,700 is $4,214. I do not know about the rest of your financial situation but they may be estimating that your ability to pay that off is hampered somehow or in a timeframe they deem to be unacceptable so they’re waiting for that to get paid off before extending any more credit to you.

Remember, Amex doesn’t like customers who revolve balances, they like transactors, so they may not loosen their purse strings until they see full transactor activity on your other accounts.

Re: AMEX denied CLI

Jnbmom — Wed, 27 Feb 2019 01:09:42 GMT

@Anonymous wrote:
Sorry about the denial.

2% of $210,700 is $4,214. I do not know about the rest of your financial situation but they may be estimating that your ability to pay that off is hampered somehow or in a timeframe they deem to be unacceptable so they’re waiting for that to get paid off before extending any more credit to you.

Remember, Amex doesn’t like customers who revolve balances, they like transactors, so they may not loosen their purse strings until they see full transactor activity on your other accounts.

Thanks, I can understand what you are saying . They seem to be just pulling things out of air for me though. I said I would give them a year which will be up in a few months, if they still limit me with these 1K limits, it will be time to move on from them

Re: AMEX denied CLI

Anonymous — Wed, 27 Feb 2019 01:14:21 GMT

Yeah no sense keeping cards that don’t grow, I don’t blame you, I was just seeing if I could explain their rationale.

Re: AMEX denied CLI

Jnbmom — Wed, 27 Feb 2019 03:40:54 GMT

@Anonymous wrote:
Yeah no sense keeping cards that don’t grow, I don’t blame you, I was just seeing if I could explain their rationale.

Oh I get what you are saying

I just think they are full of crap

Re: AMEX denied CLI

Blackswizz750 — Wed, 27 Feb 2019 15:03:12 GMT

I have been denied almost everytime for an increase in my BCE. Since my first increase in Oct 17, nothing but upgrade offers which will bring them $$$. I chucked it up as a card used for use and PIF along with my green card.

I now use Disco, Navy, and items that give me lots of cash back.

Re: AMEX denied CLI

Anonymous — Wed, 27 Feb 2019 15:32:02 GMT

@Jnbmom wrote:
@Anonymous wrote:
Yeah no sense keeping cards that don’t grow, I don’t blame you, I was just seeing if I could explain their rationale.
Oh I get what you are saying

I just think they are full of crap

I have not had a very high opinion of Amex so I’ll agree with you.

Re: AMEX denied CLI

CreditInspired — Wed, 27 Feb 2019 16:02:39 GMT

Hi @jnbmom

I’m trying to figure out their rationale. So, a few questions.

Is the 2% UT aggregate?

Are there any instances where other cards report a balance even though you PIF but because it may report erratically, it doesn’t report as a $0 balance.

And, are you making small monthly payments on the BT even though it’s 0% APR?

I’m just brainstorming because their reasoning seems really silly.

Re: AMEX denied CLI

AverageJoesCredit — Wed, 27 Feb 2019 17:12:32 GMT

In my case i can be showing 2% overall credit being used which as we know is fantastic. But when you compare that 2% to my income, i could understsnd their concern. I know i pay on time and my creditors know it but that darn dti will get one everytime

Re: AMEX denied CLI

Anonymous — Thu, 28 Feb 2019 02:40:51 GMT

It's definitely that BT account. Perhaps they saw the balance stagnant for too long, something that historically doesn't sit well with Amex.

Re: AMEX denied CLI

Jnbmom — Thu, 28 Feb 2019 02:41:36 GMT

@CreditInspired wrote:
Hi @jnbmom

I’m trying to figure out their rationale. So, a few questions.

Is the 2% UT aggregate? The card with the BT has 15K limit, 2K BT

Are there any instances where other cards report a balance even though you PIF but because it may report erratically, it doesn’t report as a $0 balance. There are a few that may report 20-40 but it is very rare, I also have about 20+ cards

And, are you making small monthly payments on the BT even though it’s 0% APR? We make around 200 payments

I’m just brainstorming because their reasoning seems really silly. I agree very very silly

But honestly I did include them in BK in 2005, and honestly think I/we are bucketed with them, I know that's usually a Crap one term, but I suspect they are doing the same.

Re: AMEX denied CLI

Jnbmom — Thu, 28 Feb 2019 02:43:44 GMT

@Anonymous wrote:
It's definitely that BT account. Perhaps they saw the balance stagnant for too long, something that historically doesn't sit well with Amex.

I still thinks it's very odd, the new BT just hit last month and 2K out of 15K is really nothing. I think they pull this crap out of their ......

Re: AMEX denied CLI

Anonymous — Thu, 28 Feb 2019 02:50:27 GMT

Just read above that you burned them in the past. I'd say that is probably an even bigger factor than the balance carrying.

Re: AMEX denied CLI

Jnbmom — Thu, 28 Feb 2019 03:00:37 GMT

@Anonymous wrote:
Just read above that you burned them in the past. I'd say that is probably an even bigger factor than the balance carrying.

Yup I know we are bucketed, i know everyone's miliage varies as others have gotten rather large lines, but it is what it is lol. I don't ever blame any lender that has been burned, they gave me a shot again and it's run it's course No harm no foul , just wish they would give real reason and not bogus mumbo jumbo

Re: AMEX denied CLI

UncleB — Sat, 02 Mar 2019 08:27:32 GMT

FWIW, I was bucketed for a couple of years on my BCP... the key for me was usage.

I admit it was annoying at first, especially since so many of my other cards had given me much more generous credit lines, but I decided to not be concerned with "growing" my BCP and to simply use it for the rewards, and it worked.

I know it's hard to be patient when you read of all the CLIs other are getting (trust me, I know first-hand), but if you have a negative past history with Amex (as I do as well) it can take a while for them to come around. In the mean time, use the card for the rewards and enjoy the other perks it may provide.

Re: AMEX denied CLI

hawkins — Sun, 03 Mar 2019 19:28:19 GMT

I feel somewhat the same way. Got a BCE from them with same limit that has not moved. I am also giving that a year. However, try the business cards. I just got the Marriot card and Delta gold business cards in the same day both with $5000 limits. No HP was done at all. Might be worth it to try that route. But as always YMMV.

Re: AMEX denied CLI

Jnbmom — Sun, 03 Mar 2019 20:30:52 GMT

@UncleB wrote:
FWIW, I was bucketed for a couple of years on my BCP... the key for me was usage.

I admit it was annoying at first, especially since so many of my other cards had given me much more generous credit lines, but I decided to not be concerned with "growing" my BCP and to simply use it for the rewards, and it worked.

I know it's hard to be patient when you read of all the CLIs other are getting (trust me, I know first-hand), but if you have a negative past history with Amex (as I do as well) it can take a while for them to come around. In the mean time, use the card for the rewards and enjoy the other perks it may provide.

Thanks @UncleB you always bring me back to sanity lol

Re: AMEX denied CLI

Jnbmom — Sun, 03 Mar 2019 20:31:54 GMT

@hawkins wrote:
I feel somewhat the same way. Got a BCE from them with same limit that has not moved. I am also giving that a year. However, try the business cards. I just got the Marriot card and Delta gold business cards in the same day both with $5000 limits. No HP was done at all. Might be worth it to try that route. But as always YMMV.

Thanks but I don't have a business.