topic Re: Attempted Amex CL increase but found out they changed the rules.... in Credit Cards

Attempted Amex CL increase but found out they changed the rules....

silly34 — Thu, 29 Nov 2007 02:30:57 GMT

Called and asked for a $4k increase over our current CL. Was advised by CSR that they no longer do CL increases every 30 days it is now 6 months. Asked for supervisor and explained why we wanted CL increase (for bt). He said he would try to override and would call back tomorrow. I have to say I was WAAAAY impressed by this dude, extremely polite and appearing to want to help us.

B.

Re: Attempted Amex CL increase but found out they changed the rules....

Anonymous — Thu, 29 Nov 2007 02:35:53 GMT

Guess they are getting tired of all the F/Rs they have been doing lately for excessive requests for CLIs.

Re: Attempted Amex CL increase but found out they changed the rules....

Anonymous — Thu, 29 Nov 2007 02:37:25 GMT

Brammy wrote:
Guess they are getting tired of all the F/Rs they have been doing lately for excessive requests for CLIs.

Makes sense to me.

Re: Attempted Amex CL increase but found out they changed the rules....

Anonymous — Thu, 29 Nov 2007 02:39:45 GMT

netpanther wrote:

Brammy wrote:

Guess they are getting tired of all the F/Rs they have been doing lately for excessive requests for CLIs.

Makes sense to me.

Tht and some custies are probably telling them to stick the F/R and the card where the sun don't shine.

Re: Attempted Amex CL increase but found out they changed the rules....

Anonymous — Thu, 29 Nov 2007 02:40:30 GMT

Brammy wrote:

netpanther wrote:

Brammy wrote:
Guess they are getting tired of all the F/Rs they have been doing lately for excessive requests for CLIs.

Makes sense to me.

Tht and some custies are probably telling them to stick the F/R and the card where the sun don't shine.

makes even more sense to me.

Re: Attempted Amex CL increase but found out they changed the rules....

Anonymous — Thu, 29 Nov 2007 03:14:09 GMT

My Amex just got put on COSTCO only duty until CLI-

Re: Attempted Amex CL increase but found out they changed the rules....

Anonymous — Thu, 29 Nov 2007 03:18:27 GMT

I've read all the posts about easy CLIs, but when I was approved the CSR advised to wait 3 months before requesting a CLI. So, that's what I'm planning on doing.

Re: Attempted Amex CL increase but found out they changed the rules....

fused — Thu, 29 Nov 2007 03:29:54 GMT

I got clarification on Amex's CLI policy change that went into effect a week ago. You are allowed to ask for a CLI 30 days after activation but all subsequent CLIs will require a 6 month wait.

Re: Attempted Amex CL increase but found out they changed the rules....

Anonymous — Thu, 29 Nov 2007 03:31:27 GMT

fused wrote:
I got clarification on Amex's CLI policy change that went into effect a week ago. You are allowed to ask for a CLI 30 days after activation but all subsequent CLIs will require a 6 month wait.

fused,

does this mean they might step up the rate at which they auto cli?

Re: Attempted Amex CL increase but found out they changed the rules....

Anonymous — Thu, 29 Nov 2007 03:47:56 GMT

silly: What type of card and how long has it been open?

fused: I'm not aware of any change that took place last week. I'll check in the morning when I get to work.

Re: Attempted Amex CL increase but found out they changed the rules....

gNaRKiLL — Thu, 29 Nov 2007 03:56:22 GMT

I got my card less than a week ago and was advised to wait just 30 days for my cli, I guess I better shoot for the stars on that one...

Re: Attempted Amex CL increase but found out they changed the rules....

fused — Thu, 29 Nov 2007 03:59:49 GMT

scoppe wrote:

silly: What type of card and how long has it been open?

fused: I'm not aware of any change that took place last week. I'll check in the morning when I get to work.

Are you an Amex employee?

Re: Attempted Amex CL increase but found out they changed the rules....

Anonymous — Thu, 29 Nov 2007 04:24:31 GMT

yeah, and I've learned more about repairing my credit on this forum than all my years at work.

Go figure...

Re: Attempted Amex CL increase but found out they changed the rules....

fused — Thu, 29 Nov 2007 04:31:15 GMT

scoppe wrote:

yeah, and I've learned more about repairing my credit on this forum than all my years at work.

Go figure...

Funny you should say this, a few weeks back I was giving advice to a CSR on the fastest way to improve her FICO scores. Evidently she wasn't aware that having a few CCs reporting nearly

maxed-out would tank her scores because she says she never goes over-the-limit and always pays on time. Don't remember her name so I don't know what ever came of it.

Re: Attempted Amex CL increase but found out they changed the rules....

Anonymous — Thu, 29 Nov 2007 04:48:51 GMT

Well, I did know that maxing out was not good thing, so I seem to be one up there.

Trying to help my ex repair his credit is what helped ruin mine. But, he did do it with my permission, I WAS the one who put him on my cards in the first place, so I have to take my lumps there.

After years of living a "cash only" existence, I decided to get a CC (Amex, naturally ), and then got serious about my own credit when I ran my report for a landlord. Ouch!!

I've done good the last 4 months, all because of you here on the forums. I'm constantly educating people at work now, based on info gathered here.

I don't yet qualify for the Sleigh Center, but I do call myself a FICOholic.

Re: Attempted Amex CL increase but found out they changed the rules....

kclb — Thu, 29 Nov 2007 05:49:31 GMT

Hm.

I just got my Amex too. My CL is 2k but I was thinking increasing it between 500-1k after 30 days. Safe or establish more history before deciding on any increases?

Thanks.

Re: Attempted Amex CL increase but found out they changed the rules....

Anonymous — Thu, 29 Nov 2007 07:46:30 GMT

Hi everyone, I just called amex and spoke with two different csr and they assured me that nothing as changed as far as the request for a cli.. You have to wait at least 30 days between atemtps.

Re: Attempted Amex CL increase but found out they changed the rules....

Anonymous — Thu, 29 Nov 2007 12:40:03 GMT

Ok, here it is:

CLI's will not be approved if the account has been open for less than 30 days.

You CAN apply for a CLI every 30 days, but any one account will not be systematically approved for a CLI more than once every 6 months.

If you are declined, tell the rep "thank you", hang up and call 1-800-576-8942 M - F 9a - 12a EST, 10a-6p Sat. EST. This dept cannot help you if you do not have a recent request put through by a CSR, but they are humans and can make decisions outside of the system.

Calling is not a guarantee of approval, but you will at least be speaking to someone who can override.

EX score is very important when speaking to them to get an override.

Re: Attempted Amex CL increase but found out they changed the rules....

Anonymous — Thu, 29 Nov 2007 13:01:37 GMT

Thats interesting ...
I went for an increase on my account last night and got the 7 to 10 days message.
This would be the second time for a CLI within 6 months...
Why not an immediate response saying no CLI within 6 months , just like the 30 day message ??

Re: Attempted Amex CL increase but found out they changed the rules....

MidnightVoice — Thu, 29 Nov 2007 14:32:14 GMT

fused wrote:

scoppe wrote:
yeah, and I've learned more about repairing my credit on this forum than all my years at work.

Go figure...

Funny you should say this, a few weeks back I was giving advice to a CSR on the fastest way to improve her FICO scores. Evidently she wasn't aware that having a few CCs reporting nearly
maxed-out would tank her scores because she says she never goes over-the-limit and always pays on time. Don't remember her name so I don't know what ever came of it.

Way back when I posted about a similar conversation with a Chase employee. Chase are now recommending MyFICO to find out about credit