topic Re: I never got an CLI with Amex Delta and Discover in Credit Card Applications

I never got an CLI with Amex Delta and Discover

murat533 — Sun, 22 Nov 2020 03:46:25 GMT

Hi guys,

I have a discover which graduated from secured card and gave me $2000 three years ago and got stuck there.I pay off every month and never report a balance.I have been requesting CLI and it keeps getting decline.Also I have Amex Delta Platinum with $1000 limit for 3 years and never got increase.My current scores are exp-689 equifax 695 and Transunion 714.They all have so many inquiries and 5 paid Derogatory 5 years old.AAA is 4 years 4 months.2 Auto loans which has been paying on time and 2 personal loans which has been paying on time.

How do I get an CLi on these cards?

Thanks.

Re: I never got an CLI with Amex Delta and Discover

Slabenstein — Sun, 22 Nov 2020 04:03:13 GMT

Amex I don't have any experience with, but for Discover there really isn't a set technique or tip for getting them to open up. They can be very generous to some people and stingy with others. If you have high usage or low usage, if they're your daily driver or just get maintenance swipes, they may or may not grant a CLI. I think the best you can really do with them is use their card in whatever way is normal for you, keep working on improving your credit profile, and request CLI's as regularly as you feel like bothering with it. With regards to your credit profile, you say you have "so many inquiries" on your reports, so, depending on how many it is on the one they're SPing, that may be keeping them tight due to the appearance of credit-seeking. Letting them age may help your chances.

Re: I never got an CLI with Amex Delta and Discover

Heatt99 — Sun, 22 Nov 2020 11:26:56 GMT

What does the denial letter state? Address at least 2 of those, and you should be in a better situation.

With Amex, they like spend, spend, and paying a large balance off. Leave a $300 or more balance, then pay it off. That might trigger an increase.

Re: I never got an CLI with Amex Delta and Discover

AverageJoesCredit — Sun, 22 Nov 2020 12:47:29 GMT

@murat533 wrote:
Hi guys,
I have a discover which graduated from secured card and gave me $2000 three years ago and got stuck there.I pay off every month and never report a balance.I have been requesting CLI and it keeps getting decline.Also I have Amex Delta Platinum with $1000 limit for 3 years and never got increase.My current scores are exp-689 equifax 695 and Transunion 714.They all have so many inquiries and 5 paid Derogatory 5 years old.AAA is 4 years 4 months.2 Auto loans which has been paying on time and 2 personal loans which has been paying on time.
How do I get an CLi on these cards?
Thanks.

Discover actually likes seeing a balance. If you have anything to bt to them , even if a couple of months , it could help shake out a cli. That can help show them usage and need in one shot.

Re: I never got an CLI with Amex Delta and Discover

AverageJoesCredit — Sun, 22 Nov 2020 12:48:35 GMT

To add all my recent rejection letters state usage too low over last couple months.

Re: I never got an CLI with Amex Delta and Discover

murat533 — Sun, 22 Nov 2020 12:55:13 GMT

I always max them out and pay them off before the statement cut and report 0 balance.Amex denial letter says" My fico score " and discover says "Serious delinquency, too many recent inquiries and recently opened too many accounts".These shouldn't be real factor because when discover graduate my credit profile was way worse and not in a much better shape.

Re: I never got an CLI with Amex Delta and Discover

AverageJoesCredit — Sun, 22 Nov 2020 13:00:33 GMT

Well it seems spend isnt issue its whatever they consider seeious deliquency. That will put a damper on everything.

Re: I never got an CLI with Amex Delta and Discover

Slabenstein — Sun, 22 Nov 2020 15:08:54 GMT

Does Amex give you specific reason codes, other than just saying it's your score? For Discover, it sounds like you at least need to garden for a while to let your inq's, new accounts, and derogs age. Depending on what kind of derogs you have, you could also look at trying to address them with a goodwill campaign while you wait. Unsecuring your card and giving you a CLI likely have different UW criteria, so it's not strange that they would do one but not the other, even if your scores have improved.

Re: I never got an CLI with Amex Delta and Discover

murat533 — Sun, 22 Nov 2020 15:25:20 GMT

Same reason. So many inquiries, serious delinquency, new accounts.I paid off all my charge offs and I dont owe anything now.My Target card use to give me CLI every 4 months $300 but they stopped too 1.5 year ago.It is stuck at $2000 now.

Re: I never got an CLI with Amex Delta and Discover

Slabenstein — Sun, 22 Nov 2020 15:46:18 GMT

Paid charge-offs still count as "serious delinquency" as far as reason codes go. You don't owe on a defaulted trade line any more, but that the account got to that status is still on your reports. I don't think there's really anything you can do with paid charge-offs other than let them age, so it looks like gardening really is the main thing you need to do. You said the charge-offs are five years old so, if you don't have any other derogs, that reason code should be gone in two years. Codes for inquiries and new accounts should disappear sooner if you wait a year from your most recent app before apping for anything else.

Re: I never got an CLI with Amex Delta and Discover

Ficoproblems247 — Sun, 22 Nov 2020 22:47:23 GMT

AMEX threw me 1k when I still had a charge off reporting, also denied me for my first CLI request while it was still on my reports. (Ironically enough the CO was actually an old AMEX Gold card lol.) It was also a paid in full CO like yours. As soon as my CO fell off EX they have approved me for both of the 3X CLI requests I have made since then, plus another card. Your COs may be old, but lenders can sometimes still be super cautious when they see them on your reports. I would venture a guess that is the underlying reason from both of those lenders why you're not seeing more rapid growth.

Re: I never got an CLI with Amex Delta and Discover

Anonymous — Mon, 23 Nov 2020 00:18:10 GMT

The other part to Amex is likely your EX score as they mentioned in their letter. I asked in September and was declined, citing only my score as the issue, which they quoted as 710. It may be that with the way things are this year in the country, we're going to have to get north of 720 before the increases come.

I do share the wonder at why they won't increase my revolver limit on any card but they've approved four of them for me along with two charge cards. I've come up 73 points since my first approval, dropped aggregate utilization from 39% to single digits, and have a flawless payment history. The only adverse factor on my EX is an old paid derog that can get EE on 2/1/2021, which is the sole factor holding down my score. Not sure if it's the fact of the derog itself or the resultant score suppression it causes but regardless, since one will recover the moment the other goes, I'll likely never know.