topic Re: Amex BCE CLD in Credit Cards

Amex BCE CLD

newmomnewme — Sat, 10 Oct 2020 17:13:19 GMT

I opened this card 2015 along with a PRG (Gold)..they backdated me to 1994, so these are by far my oldest TLs.

I've carried a balance on the BCE almost maxed for 6-12 months then PIF. The most recent time I PIF was Aug 2020. I even requested a CLI last month because my overall UTIL was at an all time low and my new accounts hadn't reported yet.

Last weekend, I had an unplanned app spree gone bad and decimated my EX. Today I go to PIF and notice that my CL dropped from 5k to 1400?!?!?!

I immediately called and the rep said she would send me FR paperwork today. She said the reason for the CLD was because of so many recent INQ, low credit score (686), and collections (2 paid from 2018) on my report.

It's crazy, I was about to ask if I could PC to the BCP, but I don't want to lose my CL altogether and I also don't want to lose my oldest TL either!

I posted here so I could ask what to expect and provide some data points for anyone who can use them.

Re: Amex BCE CLD

blindambition — Sat, 10 Oct 2020 17:22:49 GMT

The inquiries and dropping scores can be a red flag. New apps show credit seeking and possible desperation.

Stop apping. If income supports limit, might be restored. Are you carrying large balances?

Re: Amex BCE CLD

FinStar — Sat, 10 Oct 2020 17:39:42 GMT

If the CLD was due to credit/CRA-related reasons (as you mentioned a decimated EX), then it's likely they'll request POI/IV in order to restore the CL. This scenario is different than when a CLD occurs due to inactivity where it can be restored without submitting IV docs. They may offer other options but 🤷

So, you have the option to provide IV. And, as long as everything matches up, then they'll adjust the CL to the appropriate amount. If you refuse to provide IV (your choice), then any future CLIs on this particular card will always get that prompt regardless if you decide to PC.

*ETA - this isn't a FR, since your account(s) remain open, albeit the CLD. If it was an actual FR your AmEx account(s) would be fully restricted. Just wanted to make a distinction on the term you used upthread.

Re: Amex BCE CLD

newmomnewme — Sat, 10 Oct 2020 17:38:01 GMT

@blindambition thanks for the quick reply. My last app &HP were yesterday (SECU)...I plan to add the PLOC because the HP is good for 30 days and I could use the padding.

Only one high balance reporting 12/20k all others reporting zero atm. Tiny balance (1.99) on BCE will be paid before it reports.

I have the two paid collections from 2018....but why would they wait until now to CLD me instead of when they first appeared on my reports in 2018?

Anything else I should do? I've never had to submit POI before but I have no problem sending it. My DTI is under 10% and the SL was only 5k.

Re: Amex BCE CLD

newmomnewme — Sat, 10 Oct 2020 17:41:48 GMT

@FinStar I will happily submit IV to keep the BCE limit in tact...I don't want any issues. I will update this post from my comfy seat in the garden. 😳

Re: Amex BCE CLD

blindambition — Sat, 10 Oct 2020 17:44:21 GMT

@newmomnewme wrote:
@blindambition thanks for the quick reply. My last app &HP were yesterday (SECU)...I plan to add the PLOC because the HP is good for 30 days and I could use the padding.

Only one high balance reporting 12/20k all others reporting zero atm. Tiny balance (1.99) on BCE will be paid before it reports.

I have the two paid collections from 2018....but why would they wait until now to CLD me instead of when they first appeared on my reports in 2018?

Anything else I should do? I've never had to submit POI before but I have no problem sending it. My DTI is under 10% and the SL was only 5k.

Just provide what they ask. I'm sure it's the recent activity and not collections that triggered it. It was a change in pattern.

Re: Amex BCE CLD

Jnbmom — Sat, 10 Oct 2020 17:58:41 GMT

@newmomnewme

I agree with others. Just a quick note though, while Amex will backdate "your member since on the card" your account is not back dated for reporting .

Re: Amex BCE CLD

Remedios — Sat, 10 Oct 2020 18:01:32 GMT

@newmomnewme wrote:
@blindambition thanks for the quick reply. My last app &HP were yesterday (SECU)...I plan to add the PLOC because the HP is good for 30 days and I could use the padding.

Only one high balance reporting 12/20k all others reporting zero atm. Tiny balance (1.99) on BCE will be paid before it reports.

I have the two paid collections from 2018....but why would they wait until now to CLD me instead of when they first appeared on my reports in 2018?

Anything else I should do? I've never had to submit POI before but I have no problem sending it. My DTI is under 10% and the SL was only 5k.

You're answering your questions as you go.

You carried a balance for extended period of time, you went through aggressive credit seeking recently, and $12,000 owed is a lot of money (looking at raw numbers). Now that you paid off your card, they want to make sure you have the ability to repay in case you run the card up again.

Amex has been doing ARs on TU in addition to EX about every three months or so. TU has lite version of trended data from those lenders who provide it.

Look at your annual credit report and see if they did AR on TU.

Re: Amex BCE CLD

Anonymous — Sat, 10 Oct 2020 18:17:14 GMT

@Jnbmom wrote:
@newmomnewme

I agree with others. Just a quick note though, while Amex will backdate "your member since on the card" your account is not back dated for reporting .

Amex did used to backdate up to around early 2015, so... it *could* be that old

Re: Amex BCE CLD

newmomnewme — Sat, 10 Oct 2020 18:28:06 GMT

Thanks everyone! So it's not an FR, I will send whatever they ask for and hope that they give me my original line back.

@Jnbmom It's definitely backdated on my report, that's why I don't want it to go away. I think I got back in right before they stopped.

The rep said it would take 24 hours to send the email and another week for them to review the documents. I'll post my results.

Re: Amex BCE CLD

sxa001 — Sat, 10 Oct 2020 18:52:30 GMT

Good luck with the process! Hopefully they restore things for you. I see you are in the garden for now, would be a good place to hang out while you wait for the HP's to fall off. With the pandemic I think all lenders are paying much more attention to the patterns, honestly I have been worried every time I have hit the CLI button right now, as I don't want to spook anyone.

If your income supports the limit, it should really be no issue, hopefully they see that and since you did pay off the card they will restore your limits.

Re: Amex BCE CLD

newmomnewme — Sat, 10 Oct 2020 19:22:59 GMT

@Remedios Just checked all for INQ on all three via annual credit report... Amex indeed SP TU on 9/24. The rep said the report they used was from 9/24.

So they checked TU for trends after I PIF in August, then I pelted my EX with INQ last weekend (10/3-5). It makes sense. Also saw Chase SP TU each month.

Hopefully, proof that my DTI is really low will be enough for them to restore my line and take the spotlight off after a while.

Re: Amex BCE CLD

newmomnewme — Sat, 10 Oct 2020 19:27:23 GMT

Agreed @sxa001 I was trying to get some padding while my scores were up. My overall UTIL is less than 20% so I guess I have enough padding for now 🙄.

Hey Amex, if you are listening, I got the message and I am going to sit down now. 😂

Re: Amex BCE CLD

Anonymous — Sat, 10 Oct 2020 20:14:52 GMT

Yes, profiles with dents have to be aware of such AA from existing Lenders when seeking new credit. Especially if it's significant "action" taking place on the board, as it specifically calls attention to you. If a bear os foraging in the berries, you're not gonna jump up and down screaming "look, over here!" right?

Re: Amex BCE CLD

newmomnewme — Sun, 11 Oct 2020 01:44:15 GMT

I got the email today subject line: Account Review

I'm uploading my income info tonight. I'll let you know how it goes.

Re: Amex BCE CLD

CreditBones — Sun, 11 Oct 2020 01:50:11 GMT

Best of lucks!
Hopefully, they recon and reinstate your prev CL.

Re: Amex BCE CLD

Rpgough0311 — Sun, 11 Oct 2020 02:11:02 GMT

Best of luck to you! Keep us posted.

Re: Amex BCE CLD

Loquat — Sun, 11 Oct 2020 05:30:48 GMT

Best of luck to you, OP.

Re: Amex BCE CLD

newmomnewme — Sun, 11 Oct 2020 22:02:12 GMT

I'm starting to think that this card is flagged...I burned Amex over 20 years ago. They let me back in after 10 years since then never late with them, but I did have returned payments a few years ago. Ive never tried for a new card, but all CLI requests denied and I never have any additional card offers.

It will be hard to tell if I'm bucketed though since I have other songs on my report outside of Amex. I uploaded all of my documents, so we will see.

Re: Amex BCE CLD

Jnbmom — Sun, 11 Oct 2020 22:09:23 GMT

@newmomnewme wrote:
Thanks everyone! So it's not an FR, I will send whatever they ask for and hope that they give me my original line back.

@Jnbmom It's definitely backdated on my report, that's why I don't want it to go away. I think I got back in right before they stopped.

The rep said it would take 24 hours to send the email and another week for them to review the documents. I'll post my results.

That's great @newmomnewme as I thought they stopped that a few years ago, glad you got the backdate.