topic Amex cli denial in Credit Card Applications

Amex cli denial

kickhard88 — Wed, 18 Oct 2023 12:32:30 GMT

For science ask for a cli current limit 33k ask for 50k denial for income insufficient for increase no counter offer.

Re: Amex cli denial

Beefy1212 — Fri, 20 Oct 2023 23:10:47 GMT

@kickhard88 wrote:
For science ask for a cli current limit 33k ask for 50k denial for income insufficient for increase no counter offer.

I have heard is said several times they will cap you out around 2/3 your income? Would the 33k be close to that?

Re: Amex cli denial

markbeiser — Sat, 21 Oct 2023 23:22:19 GMT

@Beefy1212 wrote:
@kickhard88 wrote:
For science ask for a cli current limit 33k ask for 50k denial for income insufficient for increase no counter offer.
I have heard is said several times they will cap you out around 2/3 your income? Would the 33k be close to that?

I got denied a CLI request from 27k to 50k a few days ago, with the same reason given, and no counter offer.
50k isn't even close to 2/3 of my stated gross income.
It would be around 2/3 of the total of my paychecks for a year, after tax, insurance, and retirement deuctions, but AmEx doesn't have access to that info.

Re: Amex cli denial

kickhard88 — Sun, 22 Oct 2023 01:32:39 GMT

@Beefy1212 wrote:
@kickhard88 wrote:
For science ask for a cli current limit 33k ask for 50k denial for income insufficient for increase no counter offer.
I have heard is said several times they will cap you out around 2/3 your income? Would the 33k be close to that?

yeah that would be the case maybe plus i only put about 200/300 a month on the card and pif

Re: Amex cli denial

Beefy1212 — Sun, 22 Oct 2023 06:00:11 GMT

@kickhard88 wrote:
@Beefy1212 wrote:
@kickhard88 wrote:
For science ask for a cli current limit 33k ask for 50k denial for income insufficient for increase no counter offer.
I have heard is said several times they will cap you out around 2/3 your income? Would the 33k be close to that?

yeah that would be the case maybe plus i only put about 200/300 a month on the card and pif

300/mo is enough they just took me from 27 to 50k with about that spend and pif generally before statement post.

Re: Amex cli denial

coldfusion — Sun, 22 Oct 2023 13:09:33 GMT

@Beefy1212 wrote:
@kickhard88 wrote:
@Beefy1212 wrote:
@kickhard88 wrote:
For science ask for a cli current limit 33k ask for 50k denial for income insufficient for increase no counter offer.
I have heard is said several times they will cap you out around 2/3 your income? Would the 33k be close to that?

yeah that would be the case maybe plus i only put about 200/300 a month on the card and pif

300/mo is enough they just took me from 27 to 50k with about that spend and pif generally before statement post.

That's easily believable, even without a 4506-C review especially if the increase didn't push your aggregate CL across all AMEX credit cards into or past roughly $80-90K territory.

Re: Amex cli denial

Beefy1212 — Mon, 23 Oct 2023 07:07:08 GMT

@coldfusion wrote:
@Beefy1212 wrote:
@kickhard88 wrote:
@Beefy1212 wrote:
@kickhard88 wrote:
For science ask for a cli current limit 33k ask for 50k denial for income insufficient for increase no counter offer.
I have heard is said several times they will cap you out around 2/3 your income? Would the 33k be close to that?

yeah that would be the case maybe plus i only put about 200/300 a month on the card and pif

300/mo is enough they just took me from 27 to 50k with about that spend and pif generally before statement post.
That's easily believable, even without a 4506-C review especially if the increase didn't push your aggregate CL across all AMEX credit cards into or past roughly $80-90K territory.

Point being it wasn't spend that was the issue, they were worried about credit exposure to income. Maybe they didn't like something on the report, maybe they were worried about cash flow who knows but it wasn't spend.