topic Re: Amex CRA reporting... 31 day CLI?? in Credit Cards

Amex CRA reporting... 31 day CLI?? Denied.

TRC_WA — Wed, 28 Jan 2015 17:07:48 GMT

My Amex that I opened on 12/26 reported today to EX... does it report to only EX or all 3?

Also... I've read multiple threads on people getting a 31 day CLI instead of the 61 day CLI that is always talked about... that being said, should I go for it or wait till next month?

Re: Amex CRA reporting... 31 day CLI??

Anonymous — Wed, 28 Jan 2015 15:25:13 GMT

I personally waited until a month after card in hand activation then a few days, but I think I was around 40 days when I requested. Instant approval. Go for it.

Re: Amex CRA reporting... 31 day CLI??

Anonymous — Wed, 28 Jan 2015 15:25:28 GMT

@TRC_WA wrote:
My Amex that I opened on 12/26 reported today to EX... does it report to only EX or all 3?

Also... I've read multiple threads on people getting a 31 day CLI instead of the 61 day CLI that is always talked about... that being said, should I go for it or wait till next month?

All 3.

I'd wait personally.

Re: Amex CRA reporting... 31 day CLI??

newhis — Wed, 28 Jan 2015 15:26:55 GMT

It should report to all 3.

It depends on you, can you wait for another 30 days? Any changes in your report since you got the card? Any high balance? For some people they got declined and then need to wait for 90 days for the next try.

Re: Amex CRA reporting... 31 day CLI??

TRC_WA — Wed, 28 Jan 2015 15:37:31 GMT

Thanks all... My report hasn't changed other than a new auto loan which hasn't reported yet. The old one hasn't reported the payoff either.

I'm just gonna wait the 61 days. Even though my app was instant approved I have added about 15 auto INQs (they didn't drop my score other than 1 point off EQ) and don't wanna chance a denial for going for the CLI too early.

Will look for the Amex to report to EQ and TU in the coming days then...

Re: Amex CRA reporting... 31 day CLI??

stagefoursurvivor — Wed, 28 Jan 2015 16:25:06 GMT

This is a very provocative question. I have poured over the various boards and it really appears after the first statement cuts, 31 vs 61 days doesn't matter. If you're going to be approved/denied the time frame is moot.

However, what does appear to remain intact, if denied, you must wait 90 days to re-apply. So, if denied, wait 121(31+90) days or 151(61+90) days from account creation. If approved wait another 181 days for another CLI

Re: Amex CRA reporting... 31 day CLI??

newhis — Wed, 28 Jan 2015 16:49:35 GMT

@stagefoursurvivor wrote:
This is a very provocative question. I have poured over the various boards and it really appears after the first statement cuts, 31 vs 61 days doesn't matter. If you're going to be approved/denied the time frame is moot.
However, what does appear to remain intact, if denied, you must wait 90 days to re-apply. So, if denied, wait 121(31+90) days or 151(61+90) days from account creation. If approved wait another 181 days for another CLI

Maybe it matters if they SP between the 31 and 61 days and your reports looks better than the previous SP. AFAIK the decision is made from the last SP and is only a matter to wait for the date that you are eligible (either 31/61/181).

Re: Amex CRA reporting... 31 day CLI??

stagefoursurvivor — Wed, 28 Jan 2015 16:57:52 GMT

No way to know, it's unclear how often they routinely do SPs. In my case, my overall reports & scores improved except for INQs. Their system seems to have preset auto-declines for certain parameters but, 61 days is definitely not one of them.

Fuzzy logic?

Re: Amex CRA reporting... 31 day CLI??

TRC_WA — Wed, 28 Jan 2015 17:08:07 GMT

@newhis wrote:
@stagefoursurvivor wrote:
This is a very provocative question. I have poured over the various boards and it really appears after the first statement cuts, 31 vs 61 days doesn't matter. If you're going to be approved/denied the time frame is moot.
However, what does appear to remain intact, if denied, you must wait 90 days to re-apply. So, if denied, wait 121(31+90) days or 151(61+90) days from account creation. If approved wait another 181 days for another CLI
Maybe it matters if they SP between the 31 and 61 days and your reports looks better than the previous SP. AFAIK the decision is made from the last SP and is only a matter to wait for the date that you are eligible (either 31/61/181).

Well I went for it and got denied... Doesn't bother me at least know I know I was lucky to get in the door with the 5k account! LOL I'm pretty sure I'd have gotten the same response at 61 days either way.

Dear TRC_WA,

Thank you for your recent request for a credit limit increase. We're writing to let you know we're unable to approve your request at this time for the following reason(s):

Your credit report indicates that you have filed for bankruptcy.

As you continue to manage your accounts, we recommend you take advantage of the tools we offer at americanexpress.com/managemycard. You can check your balances, make payments, set up account alerts and learn more about ways you can protect your credit.

If you have any questions, please call 1-800-535-7790 or write to us at the address above. You can also learn more about managing your credit at americanexpress.com/consumerresources.

Thank you for your Card Membership.

Sincerely,

Andrew Skinner

VP Global New Accounts

It's all good... my reports will be free and clear of the BR in a year anyway.

Re: Amex CRA reporting... 31 day CLI?? Denied.

stagefoursurvivor — Wed, 28 Jan 2015 17:04:46 GMT

@TRC_WA wrote:
@newhis wrote:
@stagefoursurvivor wrote:
This is a very provocative question. I have poured over the various boards and it really appears after the first statement cuts, 31 vs 61 days doesn't matter. If you're going to be approved/denied the time frame is moot.
However, what does appear to remain intact, if denied, you must wait 90 days to re-apply. So, if denied, wait 121(31+90) days or 151(61+90) days from account creation. If approved wait another 181 days for another CLI
Maybe it matters if they SP between the 31 and 61 days and your reports looks better than the previous SP. AFAIK the decision is made from the last SP and is only a matter to wait for the date that you are eligible (either 31/61/181).
Well I went for it and got denied... Doesn't bother me at least know I know I was lucky to get in the door with the 5k account! LOL

Dear TRC_WA,

Thank you for your recent request for a credit limit increase. We're writing to let you know we're unable to approve your request at this time for the following reason(s):

Your credit report indicates that you have filed for bankruptcy.

As you continue to manage your accounts, we recommend you take advantage of the tools we offer at americanexpress.com/managemycard. You can check your balances, make payments, set up account alerts and learn more about ways you can protect your credit.

If you have any questions, please call 1-800-535-7790 or write to us at the address above. You can also learn more about managing your credit at americanexpress.com/consumerresources.

Thank you for your Card Membership.

Sincerely,

Andrew Skinner
VP Global New Accounts

It's all good... my reports will be free and clear of this in a year anyway.

Was this BK on your report when you were approved?

Re: Amex CRA reporting... 31 day CLI?? Denied.

TRC_WA — Wed, 28 Jan 2015 17:09:26 GMT

@stagefoursurvivor wrote:

Was this BK on your report when you were approved?

Yep.... instant approval for $5k on 12/26/14....

BK 13 filed 4/2009, discharged 5/2013. Falls off 4/2016... sooner with 6 month TU and 3 month EQ/EX early deletion. I've got 9-12 months to go.

Re: Amex CRA reporting... 31 day CLI?? Denied.

stagefoursurvivor — Wed, 28 Jan 2015 17:17:50 GMT

LOL

Ya just can't figure this $hit out. I think they use a dart board for decisions! My SL was $1K and the most negative I have is a few lates

Re: Amex CRA reporting... 31 day CLI?? Denied.

TRC_WA — Wed, 28 Jan 2015 17:21:32 GMT

@stagefoursurvivor wrote:
LOL
Ya just can't figure this $hit out. I think they use a dart board for decisions! My SL was $1K and the most negative I have is a few lates

LOL yeah it sure seems like it.

I don't "need" the credit... I have a comfortable limit across all my cards. Sure the 3x CLI would have been nice.. but if they denied me at 31 days for BR they would have denied me at 61 days.

So how did I get approved last month? Makes no sense but whatever... not gonna try to figure it out. I had gardened for a year prior to apping and am doing the same for 2015. Will go for the CLI in a year when my reports are clear of BR and scores are well into the 700's.

Re: Amex CRA reporting... 31 day CLI?? Denied.

stagefoursurvivor — Wed, 28 Jan 2015 17:27:11 GMT

Yep, I'm targeting BCP in a few months BUT, sure like the MSD 1984 afforded by my TE, Delta & PRG

Re: Amex CRA reporting... 31 day CLI?? Denied.

newhis — Wed, 28 Jan 2015 17:27:26 GMT

It is not a HP for CLI so you don't have to wait a year to try, just do it every 90 days. At some point you will get the CLI.

Re: Amex CRA reporting... 31 day CLI?? Denied.

stagefoursurvivor — Wed, 28 Jan 2015 17:29:47 GMT

@newhis wrote:
It is not a HP for CLI so you don't have to wait a year to try, just do it every 90 days. At some point you will get the CLI.

Absolutely correct and every now & then they throw you a bone, small auto-CLIs

Re: Amex CRA reporting... 31 day CLI?? Denied.

TRC_WA — Wed, 28 Jan 2015 17:54:52 GMT

@newhis wrote:
It is not a HP for CLI so you don't have to wait a year to try, just do it every 90 days. At some point you will get the CLI.

Will do... will go for it again in 90 days.