topic Amex BCP cli in Credit Card Applications

Amex BCP cli

SDMarik — Tue, 04 Oct 2022 16:48:00 GMT

Its been 182 days since my last CLI with my BCP, so I'm going to hit the luv button. Is there any harm in asking for more than 3x? Am I more likely to get a denial if I get too greedy, or will they just counter with the 3x and that will be that? I sort of want to take a shot for over 3x to see what happens, but not if there is any logical reason against it.

Edit: My siggy is correct, current income $235K, I'm good with any income verification needed.

Edit 2: Have a buddy with a BCP @ $3k right now, hes going to ask for $12k, which his spend and profile can more than support. I'll see what happens there, on the off chance he gets it, I'll try for the 4x and see what happens. I know it's not the same, but I'll take it as a sign from the universe.

TIA!

Re: Amex BCP cli

CYBERSAM — Tue, 04 Oct 2022 15:44:06 GMT

@SDMarik wrote:
Its been 182 days since my last CLI with my BCP, so I'm going to hit the luv button. Is there any harm in asking for more than 3x? Am I more likely to get a denial if I get too greedy, or will they just counter with the 3x and that will be that? I sort of want to take a shot for over 3x to see what happens, but not if there is any logical reason against it.

Edit: My siggy is correct, current income $235K, I'm good with any income verification needed.

TIA!

To get 45K, income verification is usually the case and you should be good! I'll say go for it. 👍

Re: Amex BCP cli

SDMarik — Tue, 04 Oct 2022 16:22:18 GMT

@CYBERSAM wrote:
@SDMarik wrote:
Its been 182 days since my last CLI with my BCP, so I'm going to hit the luv button. Is there any harm in asking for more than 3x? Am I more likely to get a denial if I get too greedy, or will they just counter with the 3x and that will be that? I sort of want to take a shot for over 3x to see what happens, but not if there is any logical reason against it.

Edit: My siggy is correct, current income $235K, I'm good with any income verification needed.

TIA!
To get 45K, income verification is usually the case and you should be good! I'll say go for it. 👍

Yeah, im totally fine with that. I just wasn't sure if there would be any logical reason it would be against my best interest to try for $50k+, for science. If the worst case is they counter with 3x, that's cool. I just don't want to raise any red flags.

Re: Amex BCP cli

MarkintheHV — Tue, 04 Oct 2022 18:41:46 GMT

My income is close to yours, and when I requested the 3x CLI, they gave me 2x CLI, and I submitted the requested information and they approved the remaining 15k. It took them about a week to do that.

Re: Amex BCP cli

coldfusion — Tue, 04 Oct 2022 18:44:05 GMT

There's no specific known threshold that guarantees they'll be looking for POI so if you have no problem with approving a 4506-T request allowing them to peek at your last 2 years of tax returns IMO you may as well ask for what you want. Even a refusal to authorize doesn't trigger AA beyond an expected denial of the request and potentially future 4506-T requests if you ever request more credit from them.

Re: Amex BCP cli

SDMarik — Tue, 04 Oct 2022 20:31:22 GMT

@coldfusion wrote:
There's no specific known threshold that guarantees they'll be looking for POI so if you have no problem with approving a 4506-T request allowing them to peek at your last 2 years of tax returns IMO you may as well ask for what you want. Even a refusal to authorize doesn't trigger AA beyond an expected denial of the request and potentially future 4506-T requests if you ever request more credit from them.

I went for 3x, got everything ready for POI if needed, they countered at $37,500. Didn't even ask for POI for the $45k. I'm not totally surprised, based on my spend there is no aparant reason for me to need a $45k limit. I'll ramp up some spend and shoot my shot again in 6 months

Re: Amex BCP cli

bigseegar — Wed, 05 Oct 2022 11:49:07 GMT

@SDMarik wrote:
@coldfusion wrote:
There's no specific known threshold that guarantees they'll be looking for POI so if you have no problem with approving a 4506-T request allowing them to peek at your last 2 years of tax returns IMO you may as well ask for what you want. Even a refusal to authorize doesn't trigger AA beyond an expected denial of the request and potentially future 4506-T requests if you ever request more credit from them.
I went for 3x, got everything ready for POI if needed, they countered at $37,500. Didn't even ask for POI for the $45k. I'm not totally surprised, based on my spend there is no aparant reason for me to need a $45k limit. I'll ramp up some spend and shoot my shot again in 6 months

Very cool and congrats! But I'm a tad lost lol. Did you go for more than the 3X like you ask about and they countered with that $37.5K or was that amount 3X and all you ask for. I ask because I'm a big fan of science lol.

Re: Amex BCP cli

SDMarik — Wed, 05 Oct 2022 13:20:26 GMT

@bigseegar wrote:
@SDMarik wrote:
@coldfusion wrote:
There's no specific known threshold that guarantees they'll be looking for POI so if you have no problem with approving a 4506-T request allowing them to peek at your last 2 years of tax returns IMO you may as well ask for what you want. Even a refusal to authorize doesn't trigger AA beyond an expected denial of the request and potentially future 4506-T requests if you ever request more credit from them.
I went for 3x, got everything ready for POI if needed, they countered at $37,500. Didn't even ask for POI for the $45k. I'm not totally surprised, based on my spend there is no aparant reason for me to need a $45k limit. I'll ramp up some spend and shoot my shot again in 6 months

Very cool and congrats! But I'm a tad lost lol. Did you go for more than the 3X like you ask about and they countered with that $37.5K or was that amount 3X and all you ask for. I ask because I'm a big fan of science lol.

Haha, sorry for the ambiguity. I wound up going for the 3X, and they countered with the $37,500.

Re: Amex BCP cli

OmarGB9 — Thu, 06 Oct 2022 19:10:24 GMT

@SDMarik wrote:
@bigseegar wrote:
@SDMarik wrote:
@coldfusion wrote:
There's no specific known threshold that guarantees they'll be looking for POI so if you have no problem with approving a 4506-T request allowing them to peek at your last 2 years of tax returns IMO you may as well ask for what you want. Even a refusal to authorize doesn't trigger AA beyond an expected denial of the request and potentially future 4506-T requests if you ever request more credit from them.
I went for 3x, got everything ready for POI if needed, they countered at $37,500. Didn't even ask for POI for the $45k. I'm not totally surprised, based on my spend there is no aparant reason for me to need a $45k limit. I'll ramp up some spend and shoot my shot again in 6 months

Very cool and congrats! But I'm a tad lost lol. Did you go for more than the 3X like you ask about and they countered with that $37.5K or was that amount 3X and all you ask for. I ask because I'm a big fan of science lol.
Haha, sorry for the ambiguity. I wound up going for the 3X, and they countered with the $37,500.

I think OP was at $15k, asked for 3x which was $45k, and Amex countered with $37.5k, but didn't offer to approve the additional $7.5k with POI to reach the $45k requested.

Is that right, @SDMarik?

Re: Amex BCP cli

SDMarik — Thu, 06 Oct 2022 19:24:49 GMT

@OmarGB9 wrote:
@SDMarik wrote:
@bigseegar wrote:
@SDMarik wrote:
@coldfusion wrote:
There's no specific known threshold that guarantees they'll be looking for POI so if you have no problem with approving a 4506-T request allowing them to peek at your last 2 years of tax returns IMO you may as well ask for what you want. Even a refusal to authorize doesn't trigger AA beyond an expected denial of the request and potentially future 4506-T requests if you ever request more credit from them.
I went for 3x, got everything ready for POI if needed, they countered at $37,500. Didn't even ask for POI for the $45k. I'm not totally surprised, based on my spend there is no aparant reason for me to need a $45k limit. I'll ramp up some spend and shoot my shot again in 6 months

Very cool and congrats! But I'm a tad lost lol. Did you go for more than the 3X like you ask about and they countered with that $37.5K or was that amount 3X and all you ask for. I ask because I'm a big fan of science lol.
Haha, sorry for the ambiguity. I wound up going for the 3X, and they countered with the $37,500.
I think OP was at $15k, asked for 3x which was $45k, and Amex countered with $37.5k, but didn't offer to approve the additional $7.5k with POI to reach the $45k requested.

Is that right, @SDMarik?

Yes, that is correct. I asked for 3x figuring I would provide POI if needed for the $45k, they didnt even give me the option, just approved me for $37,500.

Re: Amex BCP cli

OmarGB9 — Thu, 06 Oct 2022 19:31:04 GMT

@SDMarik wrote:
@OmarGB9 wrote:
@SDMarik wrote:
@bigseegar wrote:
@SDMarik wrote:
@coldfusion wrote:
There's no specific known threshold that guarantees they'll be looking for POI so if you have no problem with approving a 4506-T request allowing them to peek at your last 2 years of tax returns IMO you may as well ask for what you want. Even a refusal to authorize doesn't trigger AA beyond an expected denial of the request and potentially future 4506-T requests if you ever request more credit from them.
I went for 3x, got everything ready for POI if needed, they countered at $37,500. Didn't even ask for POI for the $45k. I'm not totally surprised, based on my spend there is no aparant reason for me to need a $45k limit. I'll ramp up some spend and shoot my shot again in 6 months

Very cool and congrats! But I'm a tad lost lol. Did you go for more than the 3X like you ask about and they countered with that $37.5K or was that amount 3X and all you ask for. I ask because I'm a big fan of science lol.
Haha, sorry for the ambiguity. I wound up going for the 3X, and they countered with the $37,500.
I think OP was at $15k, asked for 3x which was $45k, and Amex countered with $37.5k, but didn't offer to approve the additional $7.5k with POI to reach the $45k requested.

Is that right, @SDMarik?
Yes, that is correct. I asked for 3x figuring I would provide POI if needed for the $45k, they didnt even give me the option, just approved me for $37,500.

Makes sense. It's possible they'll ask for POI next time if you try for 3x again (that would bring you up to $112.5k, which would be amongst the highest revolving Amex lines on here [AFAIK]!).

Re: Amex BCP cli

SDMarik — Thu, 06 Oct 2022 19:48:03 GMT

@OmarGB9 wrote:
@SDMarik wrote:
@OmarGB9 wrote:
@SDMarik wrote:
@bigseegar wrote:
@SDMarik wrote:
@coldfusion wrote:
There's no specific known threshold that guarantees they'll be looking for POI so if you have no problem with approving a 4506-T request allowing them to peek at your last 2 years of tax returns IMO you may as well ask for what you want. Even a refusal to authorize doesn't trigger AA beyond an expected denial of the request and potentially future 4506-T requests if you ever request more credit from them.
I went for 3x, got everything ready for POI if needed, they countered at $37,500. Didn't even ask for POI for the $45k. I'm not totally surprised, based on my spend there is no aparant reason for me to need a $45k limit. I'll ramp up some spend and shoot my shot again in 6 months

Very cool and congrats! But I'm a tad lost lol. Did you go for more than the 3X like you ask about and they countered with that $37.5K or was that amount 3X and all you ask for. I ask because I'm a big fan of science lol.
Haha, sorry for the ambiguity. I wound up going for the 3X, and they countered with the $37,500.
I think OP was at $15k, asked for 3x which was $45k, and Amex countered with $37.5k, but didn't offer to approve the additional $7.5k with POI to reach the $45k requested.

Is that right, @SDMarik?
Yes, that is correct. I asked for 3x figuring I would provide POI if needed for the $45k, they didnt even give me the option, just approved me for $37,500.
Makes sense. It's possible they'll ask for POI next time if you try for 3x again (that would bring you up to $112.5k, which would be amongst the highest revolving Amex lines on here [AFAIK]!).

Haha, I mean I'll definately give it a whirl but I think thats a super long shot. I cant imagine them giving me a CL that is also 50% of my annual income, when considering a limit that high. I'tll be fun for science though.

Re: Amex BCP cli

FinStar — Thu, 06 Oct 2022 20:15:29 GMT

As the OP has indicated their CLI was approved, this thread is now locked and closed to new messages.

OP - you are welcome to start a new thread in the Approvals section to continue the CLI discussion if you wish to do so.