topic Re: Amex CLI Chances: Risky Learning UPDATE in Credit Card Applications

Amex CLI Chances: Risky Learning UPDATE

SecretAzure — Mon, 13 Jul 2015 22:05:36 GMT

So it's that time of year where my Amex CLI was avaiable. My BCE CL sits at 18,200 (a number people apperantly don't like) and I did what a normal person would do, I requested an increase TO 36,000. I did this mostly for testing/learning purposes. This amount is a bit more than I make annually so it's all pretty silly. Of course, I got the income verification message and promptly filled it out online and received the 15-30 day message.

So...what are my realistic chances at getting this approved? Will they counter-offer me if I don't get approved?

Thanks in advance for all your help.

Re: Amex CLI Chances: Risky Learning

Berk — Mon, 18 May 2015 17:49:38 GMT

My question to you is - why would you even ask? You might have been able to get 25K but if you don't have the income to support the CLI you won't ever get it. If you make 35K a year be happy with 18.2K

Just my two cents.

Re: Amex CLI Chances: Risky Learning

SecretAzure — Mon, 18 May 2015 17:53:03 GMT

@Berk wrote:
My question to you is - why would you even ask? You might have been able to get 25K but if you don't have the income to support the CLI you won't ever get it. If you make 35K a year be happy with 18.2K

Just my two cents.

Pushing bounderies is something this forum has empowered me with. Lol...I very much appreciate your two cents.

It's one of those "lets see who can jump higher" kind of things. Lets say that I get approved (unlikely but still), this is now recorded on these forums and someone looking for such a huge limit would try for it...it might help somebody...even if I get denied, it's a lesson I will have learned and other people can continue to learn from.

Re: Amex CLI Chances: Risky Learning

CreditCuriosity — Mon, 18 May 2015 17:53:42 GMT

Guessing you will be countered for maybe another few k. Best of luck! Least you are willing to try to push the limits and submit the income verification!

Re: Amex CLI Chances: Risky Learning

SecretAzure — Mon, 18 May 2015 18:40:55 GMT

@CreditCuriousity wrote:
Guessing you will be countered for maybe another few k. Best of luck! Least you are willing to try to push the limits and submit the income verification!

At least I'm hoping it's an increase and not a flat-out denial, even if it's small lol. Pushing limits is how we learn!

Thanks

Re: Amex CLI Chances: Risky Learning

Creditobsessed12 — Mon, 18 May 2015 18:43:33 GMT

@SecretAzure wrote:
So it's that time of year where my Amex CLI was avaiable. My BCE CL sits at 18,200 (a number people apperantly don't like) and I did what a normal person would do, I requested an increase TO 36,000. I did this mostly for testing/learning purposes. This amount is a bit more than I make annually so it's all pretty silly. Of course, I got the income verification message and promptly filled it out online and received the 15-30 day message.

So...what are my realistic chances at getting this approved? Will they counter-offer me if I don't get approved?

Thanks in advance for all your help.

Go back and request an increase to 25K. I have read about people on here who got the income verification and then went back to the credit increase screen and requested 25K and got approved for it.

Re: Amex CLI Chances: Risky Learning

CreditCuriosity — Mon, 18 May 2015 18:50:05 GMT

@Creditobsessed12 wrote:
@SecretAzure wrote:
So it's that time of year where my Amex CLI was avaiable. My BCE CL sits at 18,200 (a number people apperantly don't like) and I did what a normal person would do, I requested an increase TO 36,000. I did this mostly for testing/learning purposes. This amount is a bit more than I make annually so it's all pretty silly. Of course, I got the income verification message and promptly filled it out online and received the 15-30 day message.

So...what are my realistic chances at getting this approved? Will they counter-offer me if I don't get approved?

Thanks in advance for all your help.
Go back and request an increase to 25K. I have read about people on here who got the income verification and then went back to the credit increase screen and requested 25K and got approved for it.

This is true.. Although he already submitted his form, I wonder if this will impact that.. Once again if he wants to test the limits for Fico research then that is cool as well ..

Re: Amex CLI Chances: Risky Learning

baller4life — Mon, 18 May 2015 18:53:40 GMT

He can go back and ask for $25k and could be instantly approved. I've seen it done several times before.

Re: Amex CLI Chances: Risky Learning

Anonymous — Mon, 18 May 2015 18:54:28 GMT

Unless one is a very high income person who has a large net income on 1040 forms after deductions plus high scores, it is unwise to rock the boat.

Many people who have the means to handle that kind of limit who have business income take a lot if deductions and show very little income on paper that can be verified.

I agree with the others. Just accept Am Ex for $25,000 total and seek other high limit cards from other lenders.

Re: Amex CLI Chances: Risky Learning

SecretAzure — Mon, 18 May 2015 18:57:27 GMT

@Anonymous wrote:
Unless one is a very high income person who has a large net income on 1040 forms after deductions plus high scores, it is unwise to rock the boat.

Many people who have the means to handle that kind of limit who have business income take a lot if deductions and show very little income on paper that can be verified.

I agree with the others. Just accept Am Ex for $25,000 total and seek other high limit cards from other lenders.

I appreciate all the input. What do we know of people who have been counter-offered on the verification? Do they get put at 25K or do they get less?

Re: Amex CLI Chances: Risky Learning

Anonymous — Mon, 18 May 2015 19:14:29 GMT

First of all good luck!

i would leave it and see what happens! worse comes to worse all you have to wait is 3 more months and get to 25k.

Re: Amex CLI Chances: Risky Learning

SecretAzure — Mon, 18 May 2015 19:32:07 GMT

@Anonymous wrote:
First of all good luck!

i would leave it and see what happens! worse comes to worse all you have to wait is 3 more months and get to 25k.

Isn't it 6 more months? I tried at 4 months last time and got "Too soon from last credit limit increase."

Re: Amex CLI Chances: Risky Learning

Creditobsessed12 — Mon, 18 May 2015 20:13:08 GMT

@SecretAzure wrote:
@Anonymous wrote:
Unless one is a very high income person who has a large net income on 1040 forms after deductions plus high scores, it is unwise to rock the boat.

Many people who have the means to handle that kind of limit who have business income take a lot if deductions and show very little income on paper that can be verified.

I agree with the others. Just accept Am Ex for $25,000 total and seek other high limit cards from other lenders.
I appreciate all the input. What do we know of people who have been counter-offered on the verification? Do they get put at 25K or do they get less?

I have seen people do what you did then go back in and request less than 25K and get approved. You should do that.

Re: Amex CLI Chances: Risky Learning

Berk — Mon, 18 May 2015 20:43:22 GMT

@SecretAzure wrote:
@Anonymous wrote:
First of all good luck!

i would leave it and see what happens! worse comes to worse all you have to wait is 3 more months and get to 25k.
Isn't it 6 more months? I tried at 4 months last time and got "Too soon from last credit limit increase."

3 month wait on a denial. 6 month wait on a CLI.

Re: Amex CLI Chances: Risky Learning

SecretAzure — Mon, 18 May 2015 20:48:05 GMT

@Berk wrote:
@SecretAzure wrote:
@Anonymous wrote:
First of all good luck!

i would leave it and see what happens! worse comes to worse all you have to wait is 3 more months and get to 25k.
Isn't it 6 more months? I tried at 4 months last time and got "Too soon from last credit limit increase."
3 month wait on a denial. 6 month wait on a CLI.

Goodness you know a lot, stick around, please. I can learn a few things. I don't mind waiting another 3 months if I get denied. Honestly, ever since I got my Freedom most of my spend is going there.

Re: Amex CLI Chances: Risky Learning

Berk — Mon, 18 May 2015 20:53:39 GMT

@SecretAzure wrote:
@Berk wrote:
@SecretAzure wrote:
@Anonymous wrote:
First of all good luck!

i would leave it and see what happens! worse comes to worse all you have to wait is 3 more months and get to 25k.
Isn't it 6 more months? I tried at 4 months last time and got "Too soon from last credit limit increase."
3 month wait on a denial. 6 month wait on a CLI.
Goodness you know a lot, stick around, please. I can learn a few things. I don't mind waiting another 3 months if I get denied. Honestly, ever since I got my Freedom most of my spend is going there.

There are those here in these forums that are much wiser than I, Young Grasshopper.

Re: Amex CLI Chances: Risky Learning

Anonymous — Mon, 18 May 2015 21:22:59 GMT

Good luck! I will be waiting patiently for an update. Hopefully with an CLI!

Re: Amex CLI Chances: Risky Learning

Anonymous — Mon, 18 May 2015 21:57:10 GMT

@SecretAzure wrote:
So it's that time of year where my Amex CLI was avaiable. My BCE CL sits at 18,200 (a number people apperantly don't like) and I did what a normal person would do, I requested an increase TO 36,000. I did this mostly for testing/learning purposes. This amount is a bit more than I make annually so it's all pretty silly. Of course, I got the income verification message and promptly filled it out online and received the 15-30 day message.

So...what are my realistic chances at getting this approved? Will they counter-offer me if I don't get approved?

Thanks in advance for all your help.

A limit I would LOVE to have on any of my CC's. Lol

Re: Amex CLI Chances: Risky Learning

SecretAzure — Tue, 19 May 2015 01:11:22 GMT

@Anonymous wrote:
Good luck! I will be waiting patiently for an update. Hopefully with an CLI!

Thanks I will definately update when I get a response...in 13-28 days from now.

Re: Amex CLI Chances: Risky Learning

SecretAzure — Tue, 19 May 2015 01:13:18 GMT

@Anonymous wrote:
@SecretAzure wrote:
So it's that time of year where my Amex CLI was avaiable. My BCE CL sits at 18,200 (a number people apperantly don't like) and I did what a normal person would do, I requested an increase TO 36,000. I did this mostly for testing/learning purposes. This amount is a bit more than I make annually so it's all pretty silly. Of course, I got the income verification message and promptly filled it out online and received the 15-30 day message.

So...what are my realistic chances at getting this approved? Will they counter-offer me if I don't get approved?

Thanks in advance for all your help.
A limit I would LOVE to have on any of my CC's. Lol

If you get an Amex it's very easy to acquire. 3XCLI then another increase could get you there.

5K SCL -> 15K -> 20K or so...if your income supports it I guess. (I wasn't making all that much at the time)

topic Re: Amex CLI Chances: Risky Learning *UPDATE* in Credit Card Applications

Amex CLI Chances: Risky Learning *UPDATE*

Re: Amex CLI Chances: Risky Learning

Re: Amex CLI Chances: Risky Learning

Re: Amex CLI Chances: Risky Learning

Re: Amex CLI Chances: Risky Learning

Re: Amex CLI Chances: Risky Learning

Re: Amex CLI Chances: Risky Learning

Re: Amex CLI Chances: Risky Learning

Re: Amex CLI Chances: Risky Learning

Re: Amex CLI Chances: Risky Learning

Re: Amex CLI Chances: Risky Learning

Re: Amex CLI Chances: Risky Learning

Re: Amex CLI Chances: Risky Learning

Re: Amex CLI Chances: Risky Learning

Re: Amex CLI Chances: Risky Learning

Re: Amex CLI Chances: Risky Learning

Re: Amex CLI Chances: Risky Learning

Re: Amex CLI Chances: Risky Learning

Re: Amex CLI Chances: Risky Learning

Re: Amex CLI Chances: Risky Learning

topic Re: Amex CLI Chances: Risky Learning UPDATE in Credit Card Applications

Amex CLI Chances: Risky Learning UPDATE