topic Re: AMEX 61 Day CLI in Credit Card Applications

AMEX 61 Day CLI

Deckoh — Tue, 05 Mar 2019 05:04:28 GMT

Tapped the luv button and requested 3xCL. Next window said letter in 7-10 days. Recieved email saying to call to discuss?? Doesn’t sound good.

Re: AMEX 61 Day CLI

LittleSal — Tue, 05 Mar 2019 08:51:17 GMT

Call is better than instant denial. Good luck!

Re: AMEX 61 Day CLI

Priory_Man — Tue, 05 Mar 2019 12:01:58 GMT

Can you share a little more please, some DP's on scores, history with Amex, usage and balance on card. It helps the community out if someone in a similar situation as yourself may be thinking of hitting that button.
Also calling in is not always a bad thing, Amex will instant deny you if they are not happy with your profile, so the fact they haven't might be a good sign.
Good luck.

Re: AMEX 61 Day CLI

pinkandgrey — Tue, 05 Mar 2019 12:52:17 GMT

Not NECESSARILY a denial, but it might be. In my experience, CLIs with Amex have always been instant, but I’m sure there are people who have gotten the 7-10 day message with success.

Re: AMEX 61 Day CLI

AverageJoesCredit — Tue, 05 Mar 2019 13:03:59 GMT

That is usally a denial. I never call. If it isnt instant on to the next attempt

Re: AMEX 61 Day CLI

Deckoh — Tue, 05 Mar 2019 20:45:56 GMT

Call this morning, recored message: enter card number in reference to CLI, then states no CLI has been requested. my intent is to lower my debt to income ratio, while increasing credit score and credit reliability.

Apologies as im new to myfico:

As of today;

EX:714 dropped from 739 with addition of 2 amex and 1 citi since december

TU:732 dropped from 803 with addition of 2 amex and 1 citi since december

EQ:732dropped from 803 with addition of 2 amex and 1 citi since december

OLD bofa aaa card cl = $11,500 / balance is $0

NEW amex delta reserve cl = $3100 / balance is $0, use and pay after posting

NEW amex blue cash everyday cl = $6000 / balance is $0, use and pay after posting

NEW citi simplicity cl = $11,000 / balance $4200 / paying $450 a month till pif, balance used for washing machine, dryer and refrigerator

Please let me know if more information is needed.

Re: AMEX 61 Day CLI

Anonymous — Tue, 05 Mar 2019 21:41:11 GMT

@Deckoh wrote:
Call this morning, recored message: enter card number in reference to CLI, then states no CLI has been requested. my intent is to lower my debt to income ratio, while increasing credit score and credit reliability.

Apologies as im new to myfico:
As of today;
EX:714 dropped from 739 with addition of 2 amex and 1 citi since december
TU:732 dropped from 803 with addition of 2 amex and 1 citi since december
EQ:732dropped from 803 with addition of 2 amex and 1 citi since december

OLD bofa aaa card cl = $11,500 / balance is $0
NEW amex delta reserve cl = $3100 / balance is $0, use and pay after posting
NEW amex blue cash everyday cl = $6000 / balance is $0, use and pay after posting
NEW citi simplicity cl = $11,000 / balance $4200 / paying $450 a month till pif, balance used for washing machine, dryer and refrigerator

Please let me know if more information is needed.

The 7-10 day message is usually a denial and the invitation to call can usually be ignored since it will just reaffirm that you have been denied. In a few days you will receive a notice of Adverse Action letter that will most likely cite your FICO scores as the reason for the denial. Amex usually expects your EX FICO score to increase, or at least remain stable, if they are to grant a CLI after 60 days. In your case your FICO scores have significantly declined.

This denial also means that you have to wait at least 90 days from the CLI request date before submitting another request. Any attempt before 90 days have elapsed will be automatically denied by their system. If I were in your position I wouldn't make another request until my EX FICO scores recovered.

Re: AMEX 61 Day CLI

Deckoh — Tue, 05 Mar 2019 21:54:43 GMT

Thank you for your time and explaination.

Re: AMEX 61 Day CLI

Anonymous — Thu, 07 Mar 2019 01:57:06 GMT

OP you might want to use this link to help you with date to ask for a CLI.

https://www.timeanddate.com/date/duration.html

Re: AMEX 61 Day CLI

Deckoh — Sat, 23 Mar 2019 00:47:16 GMT

Apparently miscalculated the 61 days. I did receive my 61 day cli. Didn’t go 3x, went for 17K in stead of the full 18K and was approved. Thanks to all.

Re: AMEX 61 Day CLI

FinStar — Sat, 23 Mar 2019 02:17:54 GMT

Congrats on finally being able to get the CLI sorted out @Deckoh.

Locking this thread as your CLI was approved. Feel free to start a new CLI approval thread in the Approvals forum if you would like to do so.