topic Re: AMEX CLI 4506T Issue in Credit Card Applications

AMEX CLI 4506T Issue

Anonymous — Wed, 31 Jul 2019 19:19:04 GMT

So I just had a 'what the heck' moment and sent a CLI on my Amex Bonvoy card, which has a current CL of $31k. Unsurprisingly, they sent me to an electronic version of the 4506T and asked me to docusign. The issue is that my 2019 income is markedly different than my 2018 income was, thanks in part to a large bonus at work and raises, etc. - which obviously aren't reflected in my 2018 return. Any advice on handling? Seems like it may be more trouble than it is worth to explain that to Amex . . .

Re: AMEX CLI 4506T Issue

Anonymous — Wed, 31 Jul 2019 19:30:08 GMT

Request a lower amount or wait until tomorrow for 2019 returns to become available for request.

Re: AMEX CLI 4506T Issue

wasCB14 — Wed, 31 Jul 2019 19:35:39 GMT

I had a similar issue. I could provide a recent 1099 but hadn't filed the relevant income tax return yet.

The CSR on the phone had either no interest or authority to do anything other than put the CLI request into a computer and tell me to expect a letter in the mail (4506-T). She completely ignored my explanation of the unusual circumstances (owing tax after an investment sale). It didn't end up being much of an issue as I managed to take my BBP up to 300% utilization. All I lost was the ability to carry most of the balance at 0% for a few months more.

Amex was only interested in complete and filed returns.

Re: AMEX CLI 4506T Issue

KJinNC — Wed, 31 Jul 2019 19:41:36 GMT

How much do you actually want the CLI?

If it's not really important, personally, I would ignore it and go about your business.

If it is important, you'll need to play Amex's game. I don't think there's a way around it. Good luck!

Re: AMEX CLI 4506T Issue

Anonymous — Wed, 31 Jul 2019 19:45:19 GMT

How old is your Bonvoy account?

Re: AMEX CLI 4506T Issue

Anonymous — Wed, 31 Jul 2019 19:45:20 GMT

Not that badly. Just refinanced my student loans though, and thought it might be a quick way to counteract any negative score impacts from the HP with a bump to CU. Thank you!

Re: AMEX CLI 4506T Issue

Anonymous — Wed, 31 Jul 2019 19:46:52 GMT

Old (I think). It was an SPG luxury card, but got migrated to Bonvoy earlier this year I think. Don't think that should have any impact on AOA.

Re: AMEX CLI 4506T Issue

AverageJoesCredit — Wed, 31 Jul 2019 22:13:01 GMT

Are you actually using your limit to its fullest potential? Asking for more yet not using it could cause concern on Amex end, thus the 4506?

Re: AMEX CLI 4506T Issue

hawkins — Thu, 01 Aug 2019 09:15:31 GMT

I read on various forums that once you cross over the 30k line with AMEX you are in prime territory for a 4506T request. People under 30k don’t seem to get asked as much. But as we all know everyone’s miles may vary. Good luck whatever you decide to do.

Re: AMEX CLI 4506T Issue

Anonymous — Thu, 01 Aug 2019 17:15:45 GMT

@AverageJoesCredit wrote:
Are you actually using your limit to its fullest potential? Asking for more yet not using it could cause concern on Amex end, thus the 4506?

I'm not maxing out the card every month, but I use (and then pay off) ~40% of CL per month. Definitely could be the case. Thanks for your insight!

Re: AMEX CLI 4506T Issue

Anonymous — Thu, 01 Aug 2019 17:17:11 GMT

@hawkins wrote:
I read on various forums that once you cross over the 30k line with AMEX you are in prime territory for a 4506T request. People under 30k don’t seem to get asked as much. But as we all know everyone’s miles may vary. Good luck whatever you decide to do.

That makes sense to me - as long as there's no harm in walking away, I'm likely going to for now.

Re: AMEX CLI 4506T Issue

Berk — Sat, 03 Aug 2019 15:38:37 GMT

@AverageJoesCredit wrote:
Are you actually using your limit to its fullest potential? Asking for more yet not using it could cause concern on Amex end, thus the 4506?

FWIW I have the Delta Plat card. Had it for 7 years. I put $50 to $200 a month on the card. My CL is $34,800. I got every CLI with no requirement to file a tax return. I haven't asked for a CLI for somewhere around three years. For all I know, if I asked for one today I'd be required to provide a tax return.