topic Re: Amex slashes CL on existing card with new app ? in Credit Card Applications

Amex slashes CL on existing card with new app ?

lg8302ch — Sun, 06 Dec 2015 14:40:09 GMT

I just logged into my Amex account and noticed my CL slashed from 25K to 14K ...not sure if that happened with my new SPG app where I do not know the CL yet.

Is this normal? I mean I can easily live with 14K on BCE... now I wonder what CL I will get on SPG ... any way to check CL without calling ?

Re: Amex slashes CL on existing card with new app ?

Anonymous — Sun, 06 Dec 2015 14:43:28 GMT

You should be able to add the card to your existing account from your approval email and then be able to see your CL. Strange still that they would slash your existing limit and add it to the SPG without talking to you first.

Re: Amex slashes CL on existing card with new app ?

lg8302ch — Sun, 06 Dec 2015 14:57:43 GMT

Thanks Irish. I have not yet received the approval email yet and also did not option for the temporary account number at the approval. But I just checked my latest Experian report and the CL on the Amex BCE was 25K at the last reporting. Todays HP is also visible so it hopefully has something to do with the new SPG app. Now I hope the SPG limit is not 1K. I guess I will need to wait to solve that mystery if I do not want to call Amex.

Re: Amex slashes CL on existing card with new app ?

lg8302ch — Sun, 06 Dec 2015 15:32:28 GMT

My curiosity got over me so I did a little chat with Amex and it looks that the CL of the BCE indeed got cut to open the SPG. According to chat rep BCE from 25K to 14K and 11K used to open SPG. Looks that 25K is the total limit for me with Amex. Amex could have done so with a SP as no new credit with this action ...lol.. jkd

Re: Amex slashes CL on existing card with new app ?

myjourney — Sun, 06 Dec 2015 22:29:11 GMT

@lg8302ch wrote:
Hi
I just logged into my Amex account and noticed my CL slashed from 25K to 14K ...not sure if that happened with my new SPG app where I do not know the CL yet.
Is this normal? I mean I can easily live with 14K on BCE... now I wonder what CL I will get on SPG ... any way to check CL without calling ?

Wow sorry to hear

This is really strange as Amex usually allows the shifting of limits per your request to open new accounts

But gald it worked in your favor

Congrats on the SPG

Re: Amex slashes CL on existing card with new app ?

myjourney — Sun, 06 Dec 2015 22:32:17 GMT

@lg8302ch wrote:
My curiosity got over me so I did a little chat with Amex and it looks that the CL of the BCE indeed got cut to open the SPG. According to chat rep BCE from 25K to 14K and 11K used to open SPG. Looks that 25K is the total limit for me with Amex. Amex could have done so with a SP as no new credit with this action ...lol.. jkd

Lol yeah they started backdating today too ...Lol Sike

Re: Amex slashes CL on existing card with new app ?

ScoreOrBeScored — Sun, 06 Dec 2015 22:33:13 GMT

congrats on your approval and sorry about you Limit slash to open new card.

what is your usage with amex ?

whats your payments like ?

what are you scores ?

whats your income listed on the app ?

Re: Amex slashes CL on existing card with new app ?

lg8302ch — Sun, 06 Dec 2015 22:45:50 GMT

@ScoreOrBeScored wrote:
congrats on your approval and sorry about you Limit slash to open new card.

what is your usage with amex ? BCE very low because I have cards with better rewards
whats your payments like ? pay in full on Amex, 2 cards with carry balances due 0% offers, 7 accounts with reported balances and 5 % util
what are you scores ? EX Fico was 780 today
whats your income listed on the app ? 65K (same as for the 25K CLI)

No big deal about the slash of CL as I do not need a 25K CL but I find it very interesting that I did not get a single $ more in CL from Amex for a new card app. Chase and Barclays were way more generous than Amex

Re: Amex slashes CL on existing card with new app ?

NRB525 — Sun, 06 Dec 2015 23:07:51 GMT

@lg8302ch wrote:
My curiosity got over me so I did a little chat with Amex and it looks that the CL of the BCE indeed got cut to open the SPG. According to chat rep BCE from 25K to 14K and 11K used to open SPG. Looks that 25K is the total limit for me with Amex. Amex could have done so with a SP as no new credit with this action ...lol.. jkd

Congratulations on the SPG.

I'm guessing they took a look at your spend rate on the BCE and determined that you aren't going to be using $25k any time soon, so just get to the good stuff and move $11k over to the SPG.

Re: Amex slashes CL on existing card with new app ?

lg8302ch — Sun, 06 Dec 2015 23:20:44 GMT

@NRB525 wrote:
@lg8302ch wrote:
My curiosity got over me so I did a little chat with Amex and it looks that the CL of the BCE indeed got cut to open the SPG. According to chat rep BCE from 25K to 14K and 11K used to open SPG. Looks that 25K is the total limit for me with Amex. Amex could have done so with a SP as no new credit with this action ...lol.. jkd
Congratulations on the SPG.
I'm guessing they took a look at your spend rate on the BCE and determined that you aren't going to be using $25k any time soon, so just get to the good stuff and move $11k over to the SPG.

Thanks..... It was a really interesing instant approval online .. 60seconds as advertised and 25K limit on BCE reduced immediately to 14K when I logged in So the computer can do this automatically it looks ..lol.. SPG will definitely see more use as BCE ... Amex heard my comment of travel cards with FTF and removed the FTF now

Re: Amex slashes CL on existing card with new app ?

Anonymous — Sun, 06 Dec 2015 23:59:24 GMT

Glad you are happy with the outcome of everything, OP.

Re: Amex slashes CL on existing card with new app ?

lokobo — Tue, 08 Dec 2015 13:04:56 GMT

They did the same to me when I applied for my SimplyCash. My BCE was sick drawered and very little usage in the past year, and the letter they sent said they are rearranging my credit line to accommodate my new accounts and that this is the highest credit limit they have for me now based on my previous usage/utilization.

Oh well I didn't feel bad either.

Re: Amex slashes CL on existing card with new app ?

baller4life — Tue, 08 Dec 2015 13:30:14 GMT

@lokobo wrote:
They did the same to me when I applied for my SimplyCash. My BCE was sick drawered and very little usage in the past year, and the letter they sent said they are rearranging my credit line to accommodate my new accounts and that this is the highest credit limit they have for me now based on my previous usage/utilization.

Oh well I didn't feel bad either.

That will probably happen to me too when i app SimplyCash. I hardly use my HHonors at all.

Re: Amex slashes CL on existing card with new app ?

12njoy — Wed, 09 Dec 2015 00:56:26 GMT

@lg8302ch wrote:
@NRB525 wrote:
@lg8302ch wrote:
My curiosity got over me so I did a little chat with Amex and it looks that the CL of the BCE indeed got cut to open the SPG. According to chat rep BCE from 25K to 14K and 11K used to open SPG. Looks that 25K is the total limit for me with Amex. Amex could have done so with a SP as no new credit with this action ...lol.. jkd
Congratulations on the SPG.
I'm guessing they took a look at your spend rate on the BCE and determined that you aren't going to be using $25k any time soon, so just get to the good stuff and move $11k over to the SPG.
Thanks..... It was a really interesing instant approval online .. 60seconds as advertised and 25K limit on BCE reduced immediately to 14K when I logged in So the computer can do this automatically it looks ..lol.. SPG will definitely see more use as BCE ... Amex heard my comment of travel cards with FTF and removed the FTF now

congrats. interesting that amex did this. I know BofA does this also.

Re: Amex slashes CL on existing card with new app ?

taxi818 — Wed, 09 Dec 2015 01:47:55 GMT

Had no idea Amex would bring some limit from one card to open another. Wow. i would gladly move 10k from my Delta to open say the Blue Cash Preferred. Not sure if i could call them up before hand tell them to open me a new card and take 10k off my Delta. As i would never come close to using the 20k limit that is on the card. In my mind Amex is so fickle i think if i used half of the limit they would shut me down.

Re: Amex slashes CL on existing card with new app ?

12njoy — Wed, 09 Dec 2015 01:49:58 GMT

@taxi818 wrote:
Had no idea Amex would bring some limit from one card to open another. Wow. i would gladly move 10k from my Delta to open say the Blue Cash Preferred. Not sure if i could call them up before hand tell them to open me a new card and take 10k off my Delta. As i would never come close to using the 20k limit that is on the card. In my mind Amex is so fickle i think if i used half of the limit they would shut me down.

I think you'll have to apply