topic Re: amex cli - did I mess it up in Credit Card Applications

amex cli - did I mess it up

mfinsmi1 — Fri, 04 Nov 2022 06:04:33 GMT

So my amex bce has been open 91 days but i just recently got a business blue cash this past month...every time i try to get request a cli for the BCE it says im not able to since i recently opened a new account. Did i mess up my chance to get a CLI on this card by opening up this business card? If so when do you think Ill be able to ask for a CLI ?

Re: amex cli - did I mess it up

isik — Fri, 04 Nov 2022 06:50:20 GMT

Wait a few more days. I wasn't able to request it at 91 days but at about 100 I could. Just got the 3x CLI.

Re: amex cli - did I mess it up

805orbust — Fri, 04 Nov 2022 11:30:32 GMT

Pretty much. Doesn't hurt to retry however you may have reset the 180 day clock with them.

Re: amex cli - did I mess it up

OmarGB9 — Fri, 04 Nov 2022 23:12:53 GMT

@805orbust wrote:
Pretty much. Doesn't hurt to retry however you may have reset the 180 day clock with them.

Negative, it's just that the 3x CLI seems to not be at 61 or even 91 days anymore. It seems to be at 100+ days now (103ish IIRC for me), though for some people it did take up to 180 days. But opening the business card had nothing to do with it.

Re: amex cli - did I mess it up

mfinsmi1 — Fri, 04 Nov 2022 23:48:23 GMT

thanks for the info everyone ! ill try again after 100 days or so

Re: amex cli - did I mess it up

learningcredit54 — Sun, 06 Nov 2022 03:49:37 GMT

I have yet to receive a CLI on my personal Amex but just got a 3x CLI on my one of my business cards. Does anyone know if the Amex Business CLI reset the time I can apply for a CLI on my personal card? I have heard it does BUT the strange thing is I first requested a CLI on my personal, was denied, and less then 24 hours later was approved for the CLI on the business card.

Re: amex cli - did I mess it up

805orbust — Sun, 06 Nov 2022 20:59:19 GMT

@OmarGB9 you're absolutely right. First, you are MUCH more knowledgeable with that stuff than I am, 2nd I just remembered that the 180 days is my internal rule with Amex because.... I'm a nutcase.

Re: amex cli - did I mess it up

Remedios — Sun, 06 Nov 2022 22:15:29 GMT

Actually, getting a new card has a lot to do with CLI denial as being approved for a new account means additional credit has been extended to you - same as CLI.

Usually this goes away in a few cycles, so it's not going to hold you back for a long time, especially if you are using your card.

As far as Amex and CLI timelines, everyone should forget "old" Amex. While one is still eligible for 1st CLI after 60whatever days, it doesn't mean one will get it at 61,91, 180, 365 days etc. It's "whenever they approve it" these days, and for some cardholders it's "when your report is clean and you apply for a new card"

Re: amex cli - did I mess it up

bigseegar — Mon, 07 Nov 2022 13:22:54 GMT

@Remedios wrote:
Actually, getting a new card has a lot to do with CLI denial as being approved for a new account means additional credit has been extended to you - same as CLI.
Usually this goes away in a few cycles, so it's not going to hold you back for a long time, especially if you are using your card.

As far as Amex and CLI timelines, everyone should forget "old" Amex. While one is still eligible for 1st CLI after 60whatever days, it doesn't mean one will get it at 61,91, 180, 365 days etc. It's "whenever they approve it" these days, and for some cardholders it's "when your report is clean and you apply for a new card"

100% This ^ I mean AmEx has an internal rule about total CL's and is only only to extend you a certain amount of credit based on income, credit usage, UTL and reports. Whether it be in CLI's or new cards.

Re: amex cli - did I mess it up

OmarGB9 — Tue, 08 Nov 2022 20:30:19 GMT

@Remedios wrote:
Actually, getting a new card has a lot to do with CLI denial as being approved for a new account means additional credit has been extended to you - same as CLI.
Usually this goes away in a few cycles, so it's not going to hold you back for a long time, especially if you are using your card.

As far as Amex and CLI timelines, everyone should forget "old" Amex. While one is still eligible for 1st CLI after 60whatever days, it doesn't mean one will get it at 61,91, 180, 365 days etc. It's "whenever they approve it" these days, and for some cardholders it's "when your report is clean and you apply for a new card"

Even if it's a business card? I thought issuers separated business and personal credit?

Re: amex cli - did I mess it up

FinStar — Wed, 09 Nov 2022 00:34:09 GMT

@OmarGB9 wrote:
@Remedios wrote:
Actually, getting a new card has a lot to do with CLI denial as being approved for a new account means additional credit has been extended to you - same as CLI.
Usually this goes away in a few cycles, so it's not going to hold you back for a long time, especially if you are using your card.

As far as Amex and CLI timelines, everyone should forget "old" Amex. While one is still eligible for 1st CLI after 60whatever days, it doesn't mean one will get it at 61,91, 180, 365 days etc. It's "whenever they approve it" these days, and for some cardholders it's "when your report is clean and you apply for a new card"

Even if it's a business card? I thought issuers separated business and personal credit?

Yep, even if it's a business card. AmEx small business revolving accounts are PG so any CL assignment (CLI or new account) is considered when a personal and/or business relationship already exists. Different UW rules exist for a variety of lenders that offer both.

Typically, non-PG accounts may have a bit more leeway when it comes to UW (depending on a lot of factors) where biz revolving limits are not tied to existing personal revolving accounts, but that's a separate topic of discussion on the business subforum.