topic Re: American Express Credit Line Button in Credit Card Applications

American Express Credit Line Button

Antredd — Fri, 09 Sep 2022 02:45:30 GMT

After waiting 60 days, I followed the datapoint to ask for a CLI on my American Express Preferred Card. I was denied. The reason was because the card was too new.

Today I went on AMEX's website and saw for the first time the button where I could click on it to ask for a CLI. I didn't see this when I asked for the CLI last month. I clicked on it, asked for the 3x my $5,000 credit line increase and hit the submit button. I got a message stating that they would let me know in 7-10 days.

I use this card pretty heavily, and I pay down the balance each month leaving a small balance on the card. I'll let you know what the results after I get their answer.

Re: American Express Credit Line Button

cashorcharge — Fri, 09 Sep 2022 03:27:21 GMT

Good Luck....you can use this link to track the status of your request...

https://online.americanexpress.com/eaol/statusCheckAction.do

Re: American Express Credit Line Button

learningcredit54 — Fri, 09 Sep 2022 10:44:50 GMT

@cashorcharge wrote:
Good Luck....you can use this link to track the status of your request...
https://online.americanexpress.com/eaol/statusCheckAction.do

Awesome, I have been looking for this link since July when my Delta Reserve application was denied. I wanted to see the reason behind it again. Thanks for sharing.

OP- the fact you got a CLI button is a good sign, I dont even have access to said button and I am now going on 90+ days with my BCP, 1000 sl, running up around 800 monthly and PIF by statement.

Re: American Express Credit Line Button

OmarGB9 — Fri, 09 Sep 2022 17:50:14 GMT

@learningcredit54 wrote:
@cashorcharge wrote:
Good Luck....you can use this link to track the status of your request...
https://online.americanexpress.com/eaol/statusCheckAction.do
Awesome, I have been looking for this link since July when my Delta Reserve application was denied. I wanted to see the reason behind it again. Thanks for sharing.

OP- the fact you got a CLI button is a good sign, I dont even have access to said button and I am now going on 90+ days with my BCP, 1000 sl, running up around 800 monthly and PIF by statement.

I don't think the appearance/disappearance of the link means anything. I was able to request after around 104ish days, but I had to go find the link posted on here - it didn't show up for me on my account. I was approved for the full 3x.

Re: American Express Credit Line Button

Aim_High — Fri, 09 Sep 2022 19:23:27 GMT

@cashorcharge wrote:
Good Luck....you can use this link to track the status of your request...
https://online.americanexpress.com/eaol/statusCheckAction.do

Good link @cashorcharge. Thanks!

I did notice that it shows all my card applications (and even some applications I started but never submitted). However, it doesn't show any credit limit increase requests or approvals for me.

After I went back to the original page, I saw a statement:

"If you have requested either a line of credit increase or a balance transfer on an existing American Express card account, please call the number on the back of your card regarding the status of those requests."

Re: American Express Credit Line Button

cashorcharge — Fri, 09 Sep 2022 19:26:01 GMT

@Aim_High wrote:
@cashorcharge wrote:
Good Luck....you can use this link to track the status of your request...
https://online.americanexpress.com/eaol/statusCheckAction.do
Good link @cashorcharge. Thanks!

I did notice that it shows all my card applications (and even some applications I started but never submitted). However, it doesn't show any credit limit increase requests or approvals for me.

After I went back to the original page, I saw a statement:

"If you have requested either a line of credit increase or a balance transfer on an existing American Express card account, please call the number on the back of your card regarding the status of those requests."

Odd @Aim_High
I had used this link to track CLI's in the past....though admittedly, it's been maybe a year since I requested one....perhaps a change on their back end after the whole "Where'd the link go" snaffu.

Re: American Express Credit Line Button

Antredd — Mon, 19 Sep 2022 05:25:53 GMT

I just checked the status of my AMEX credit line increase. Unfortunately, I was denied.

The denial was based on the fact that I have applied and opened too many credit cards this year. I hope this is a new datapoint for those of you wanting to increase your AMEX credit line after receiving 3 positive AMEX statements.

However, I just received an updated Fico score. All three of my Fico scores have gone up, keeping me in the low 700s even though I requested an AMEX CLI and took a hard hit by applying and getting approved for the Sony Card this month. I am slowing rising in the 700 club. (FICO 8 Trans 708, Experian 703, and Equifax 704).

I have been waiting 3 months to apply and ask for CLI on some of my credit cards. The FICO point increase was primarily due to the fact that I paid off my Chase Amazon Card, and I paid down my Citibank American Airlines CC down totalling $1800. So, applying for the Sony card didn't have a point impact at all, while the $3,700 credit line increased my overall total credit line and thus lowering my overall utilization.

Either way, I will be gardening until 2026. I don't need or want any new credit.

Re: American Express Credit Line Button

SDMarik — Mon, 19 Sep 2022 20:13:49 GMT

Thanks for the data point!

Re: American Express Credit Line Button

OmarGB9 — Mon, 19 Sep 2022 20:28:37 GMT

@Antredd wrote:
I just checked the status of my AMEX credit line increase. Unfortunately, I was denied.

The denial was based on the fact that I have applied and opened too many credit cards this year. I hope this is a new datapoint for those of you wanting to increase your AMEX credit line after receiving 3 positive AMEX statements.

However, I just received an updated Fico score. All three of my Fico scores have gone up, keeping me in the low 700s even though I requested an AMEX CLI and took a hard hit by applying and getting approved for the Sony Card this month. I am slowing rising in the 700 club. (FICO 8 Trans 708, Experian 703, and Equifax 704).

I have been waiting 3 months to apply and ask for CLI on some of my credit cards. The FICO point increase was primarily due to the fact that I paid off my Chase Amazon Card, and I paid down my Citibank American Airlines CC down totalling $1800. So, applying for the Sony card didn't have a point impact at all, while the $3,700 credit line increased my overall total credit line and thus lowering my overall utilization.

Either way, I will be gardening until 2026. I don't need or want any new credit.

Thanks for the DP.

But I'm fairly certain applying for the Sony card *did* in fact affect your score. It just may have been outweighed by the lowered utilization due to your pay downs.

Re: American Express Credit Line Button

Traveler101 — Sat, 24 Sep 2022 02:22:44 GMT

@Antredd wrote:
I just checked the status of my AMEX credit line increase. Unfortunately, I was denied.

The denial was based on the fact that I have applied and opened too many credit cards this year. I hope this is a new datapoint for those of you wanting to increase your AMEX credit line after receiving 3 positive AMEX statements.

However, I just received an updated Fico score. All three of my Fico scores have gone up, keeping me in the low 700s even though I requested an AMEX CLI and took a hard hit by applying and getting approved for the Sony Card this month. I am slowing rising in the 700 club. (FICO 8 Trans 708, Experian 703, and Equifax 704).

I have been waiting 3 months to apply and ask for CLI on some of my credit cards. The FICO point increase was primarily due to the fact that I paid off my Chase Amazon Card, and I paid down my Citibank American Airlines CC down totalling $1800. So, applying for the Sony card didn't have a point impact at all, while the $3,700 credit line increased my overall total credit line and thus lowering my overall utilization.

Either way, I will be gardening until 2026. I don't need or want any new credit.

You are not alone in a cli denial. I was just denied for the same reason. In all fairness I have a new car 8 months old, personal loan 6 months amex 3 usb 2 months in about a week. I was blacklisted from amex for years. Seeing this was the reason was actually better than based on previous account. I can't blame them 4 accounts in 8 months even though they reflect substantial payments made. Figured at least 6 months or longer before any other app. So will try a cli at a later date. Really wanted to break the 200k mark. That's the most disappointing part of it.

Re: American Express Credit Line Button

Antredd — Sun, 25 Sep 2022 20:21:24 GMT

Thanks for sharing. I hope this will be a data point for people like us who were blacklisted as well by AMEX.

Re: American Express Credit Line Button

805orbust — Mon, 26 Sep 2022 00:47:23 GMT

@Antredd I think you just need to step back and take a breather. And not necessarily until 2026. Let your account age a bit (maybe until newest account is 12 months) and ask for less than the 3x. Amex is great with increases but there may be something that gave them pause. PLUS, the wild card is that in this banking environment every issuer can be expected to become more conservative in their standards.

I can relate to wanting to hurry things along, however the patience of Buddha can catapult you to certain success.

Re: American Express Credit Line Button

OmarGB9 — Mon, 26 Sep 2022 04:05:02 GMT

@805orbust wrote:
@Antredd I think you just need to step back and take a breather. And not necessarily until 2026. Let your account age a bit (maybe until newest account is 12 months) and ask for less than the 3x. Amex is great with increases but there may be something that gave them pause. PLUS, the wild card is that in this banking environment every issuer can be expected to become more conservative in their standards.

I can relate to wanting to hurry things along, however the patience of Buddha can catapult you to certain success.

Amex will counter if they're willing to CLI you, but don't want to give the full 3x. No need to ask for less.

Re: American Express Credit Line Button

learningcredit54 — Mon, 26 Sep 2022 23:13:56 GMT

By any chance does anyone in this thread know what Amex looks at when considering CLI's? I activated the MyCredit Guide on the Amex but notice they list my Vantage 3.0 yet in my Amex profile section I can see the FICO score. I want to have all my ducks in a row when pulling the CLI trigger again.

@OmarGB9awesome one can request a higher amount and not leave money on the table when requesting a CLI. 3x it will be when my time comes. I too was thinking of requesting less

Re: American Express Credit Line Button

OmarGB9 — Tue, 27 Sep 2022 01:06:38 GMT

I don't think anyone really knows exactly what they look for, but pretty much the same things you'd expect for a new account is what I would say is what they look for (i.e. pay in full, low DTI/low utilization, low inquiries, not too many new accounts).