topic Re: American Express Delta Skymiles Cards in Credit Cards

American Express Delta Skymiles Cards

CreditBob — Wed, 16 Feb 2022 16:58:36 GMT

Would anyone happen to know if the higher your Fico score that Amex pulls, then the higher the starting credit limit? In other words if you applied with a 750 credit scored compared to a 700 score would there be a difference in the limit that they would give you? Also, I have three cards with a $ 8K, 2750K, & a 1500K limit. Would they go off of those credit limits? or is it the score with annual income of $ 50K plus? I will be new to the applying for a Delta Skymiles Card. Any feedback would be appreciated.

Re: American Express Delta Skymiles Cards

coldfusion — Wed, 16 Feb 2022 17:12:43 GMT

@CreditBob wrote:
Would anyone happen to know if the higher your Fico score that Amex pulls, then the higher the starting credit limit? In other words if you applied with a 750 credit scored compared to a 700 score would there be a difference in the limit that they would give you? Also, I have three cards with a $ 8K, 2750K, & a 1500K limit. Would they go off of those credit limits? or is it the score with annual income of $ 50K plus? I will be new to the applying for a Delta Skymiles Card. Any feedback would be appreciated.

There are a lot of different factors that go into determinine FICO scores, and ones income is not one of them. In short, while ones FICO score may influence ones starting limit there isn't a direct causitive relationship.

Ones current limits are relevant as you would have a track record of limits properly managed, but again they aren't the only determining factor - this is an area where income, total credit limits across all cards, and total amount of credit already extended by AMEX would all be factored in.

Re: American Express Delta Skymiles Cards

K-in-Boston — Wed, 16 Feb 2022 17:36:24 GMT

Starting limits are not directly proportional to credit scores. Scores are a risk assessment, but many other factors are taken into account with underwriting. Someone with a well-seasoned profile with many older high limit revolving accounts and $250k annual income will almost certainly have a higher starting limit with a 720 Experian FICO 8 score than someone with a thin and fairly newer credit history, no experience with higher limit cards, 800+ scores, and $40k income.

If one has a clean credit history without a ton of new accounts, Amex can be pretty generous with starting lines. 700 would likely result in an approval, although that typically means there are other factors going on that might give them pause and could result in a lower starting line. Generally, the better the scores the better the approval and terms, but it's far from the sole factor.

Re: American Express Delta Skymiles Cards

pizzadude — Wed, 16 Feb 2022 18:16:22 GMT

The short answer is the only way to find out is to apply. There's no way to correlate your possible credit limit to a FICO score or other card limits.

Re: American Express Delta Skymiles Cards

RobertK — Wed, 16 Feb 2022 18:33:29 GMT

is this a card that will grow?

Re: American Express Delta Skymiles Cards

pizzadude — Wed, 16 Feb 2022 18:48:37 GMT

Same answer as above, there's no way to tell if AMEX will grant a CLI without trying. Do people report getting CLIs on Delta Skymiles AMEX cards, yes, but your success is dependent on AMEX's underwriting / approval process.

Re: American Express Delta Skymiles Cards

SouthJamaica — Wed, 16 Feb 2022 19:13:38 GMT

@CreditBob wrote:
Would anyone happen to know if the higher your Fico score that Amex pulls, then the higher the starting credit limit? In other words if you applied with a 750 credit scored compared to a 700 score would there be a difference in the limit that they would give you? Also, I have three cards with a $ 8K, 2750K, & a 1500K limit. Would they go off of those credit limits? or is it the score with annual income of $ 50K plus? I will be new to the applying for a Delta Skymiles Card. Any feedback would be appreciated.

Yes that would be a major factor in setting the amount of your starting limit.

Re: American Express Delta Skymiles Cards

FinStar — Wed, 16 Feb 2022 20:00:28 GMT

@SouthJamaica wrote:
@CreditBob wrote:
Would anyone happen to know if the higher your Fico score that Amex pulls, then the higher the starting credit limit? In other words if you applied with a 750 credit scored compared to a 700 score would there be a difference in the limit that they would give you? Also, I have three cards with a $ 8K, 2750K, & a 1500K limit. Would they go off of those credit limits? or is it the score with annual income of $ 50K plus? I will be new to the applying for a Delta Skymiles Card. Any feedback would be appreciated.
Yes that would be a major factor in setting the amount of your starting limit.

It isn't, as mentioned upthread. AI algorithms will factor an individual's credit score (depending on the industry model), but time and time again we've seen that even a very high score doesn't yield a high limit for a variety of profiles. At best, scoring models (depending on the lender) can be used to drive product pricing (i.e. the Price You Pay For Credit notices); but even so, data points have shown that it's still all profile specific. So, it can help, but it's not the main driver for most UW algorithms. Other factors play a role such as income, existing tradeline management/history, profile depth, banking relationship/assets (if or as applicable), etc.

FWIW, the 'Price You Pay For Credit' notices never include a reason as to why an individual didn't receive the highest limit, instead, it displays a score and how a lender arrived at the product's pricing or APR, not the limit.

Re: American Express Delta Skymiles Cards

NRB525 — Wed, 16 Feb 2022 20:48:08 GMT

@CreditBob wrote:
Would anyone happen to know if the higher your Fico score that Amex pulls, then the higher the starting credit limit? In other words if you applied with a 750 credit scored compared to a 700 score would there be a difference in the limit that they would give you? Also, I have three cards with a $ 8K, 2750K, & a 1500K limit. Would they go off of those credit limits? or is it the score with annual income of $ 50K plus? I will be new to the applying for a Delta Skymiles Card. Any feedback would be appreciated.

The nice feature of AMEX revolvers, even if they start you out with a low limit, the cardholder often has a path to request CLI. So from a potential for future growth in limits, AMEX is one of the best.

Re: American Express Delta Skymiles Cards

SouthJamaica — Wed, 16 Feb 2022 21:00:34 GMT

@FinStar wrote:
@SouthJamaica wrote:
@CreditBob wrote:
Would anyone happen to know if the higher your Fico score that Amex pulls, then the higher the starting credit limit? In other words if you applied with a 750 credit scored compared to a 700 score would there be a difference in the limit that they would give you? Also, I have three cards with a $ 8K, 2750K, & a 1500K limit. Would they go off of those credit limits? or is it the score with annual income of $ 50K plus? I will be new to the applying for a Delta Skymiles Card. Any feedback would be appreciated.
Yes that would be a major factor in setting the amount of your starting limit.
It isn't, as mentioned upthread. AI algorithms will factor an individual's credit score (depending on the industry model), but time and time again we've seen that even a very high score doesn't yield a high limit for a variety of profiles. At best, scoring models (depending on the lender) can be used to drive product pricing (i.e. the Price You Pay For Credit notices); but even so, data points have shown that it's still all profile specific. So, it can help, but it's not the main driver for most UW algorithms. Other factors play a role such as income, existing tradeline management/history, profile depth, banking relationship/assets (if or as applicable), etc.

FWIW, the 'Price You Pay For Credit' notices never include a reason as to why an individual didn't receive the highest limit, instead, it displays a score and how a lender arrived at the product's pricing or APR, not the limit.

I didn't say it was the only factor, I said it was a major factor.

Re: American Express Delta Skymiles Cards

FinStar — Wed, 16 Feb 2022 23:32:44 GMT

@SouthJamaica wrote:
@FinStar wrote:
@SouthJamaica wrote:
@CreditBob wrote:
Would anyone happen to know if the higher your Fico score that Amex pulls, then the higher the starting credit limit? In other words if you applied with a 750 credit scored compared to a 700 score would there be a difference in the limit that they would give you? Also, I have three cards with a $ 8K, 2750K, & a 1500K limit. Would they go off of those credit limits? or is it the score with annual income of $ 50K plus? I will be new to the applying for a Delta Skymiles Card. Any feedback would be appreciated.
Yes that would be a major factor in setting the amount of your starting limit.
It isn't, as mentioned upthread. AI algorithms will factor an individual's credit score (depending on the industry model), but time and time again we've seen that even a very high score doesn't yield a high limit for a variety of profiles. At best, scoring models (depending on the lender) can be used to drive product pricing (i.e. the Price You Pay For Credit notices); but even so, data points have shown that it's still all profile specific. So, it can help, but it's not the main driver for most UW algorithms. Other factors play a role such as income, existing tradeline management/history, profile depth, banking relationship/assets (if or as applicable), etc.

FWIW, the 'Price You Pay For Credit' notices never include a reason as to why an individual didn't receive the highest limit, instead, it displays a score and how a lender arrived at the product's pricing or APR, not the limit.
I didn't say it was the only factor, I said it was a major factor.

Not to belabor the point. It is not a major factor.

I'll let you in on a little industry secret, back in a previous life when designing and building decision engines, it wasn't. It still isn't. It's a data element or component, if you will. It is a weighted factor, but unless you're intimtely familiar with a specific lender's AI decision model or UW algorithms, then you're just assuming it is. Every financial institution makes their own business and lending decisions on specific criteria and adaptive elements based on proprietary risk/analytical models.

Re: American Express Delta Skymiles Cards

Anonymous — Mon, 21 Feb 2022 22:08:47 GMT

After having the Delta Reserve card for almost 4 months I was approved for the AMEX Platinum card. I figured I would try for a CLI on my Delta card. I was denied. I just moved on and mainly used the Platinum while my wife used the Delta as an AU. I made a purchase in December for $3,400/$3700 and the high utilization (bought it too close to the statement cut date) tanked my scores. I payed it off in January, which bumped my scores back up in February.

Out of the blue, my limit was raised another $3,000 to $6,700. I'm not sure if it was the time since the previous request, the jump back up in score, or the near max spend on one item (that showed I need a higher limit) that was the cause of the unsolicited CLI, but the card has grown over the last 8 months and I'm sure will continue to grow.

(although with the AMEX platinum card, I will probably downgrade the Delta Reserve to the Delta Blue and move my wife to a Platinum AU)