topic Re: AMEX's Logic? in Credit Cards

AMEX's Logic?

Anonymous — Thu, 26 Jan 2012 01:46:02 GMT

In the past nine months I tried twice to get a CLI on my AMEX Clear. Initially from $2k to $6k, which got denied, and then from $2k to $4k, which also got denied. The denials were presumably because I'm a student and my income is hovering just above $20k annually. So it makes sense for them not to give me too large of a limit since my income is very limited.

However, on Friday I apped and was approved for BCE with a $2k limit.

So I'm wondering, from AMEX's point of view, what is the difference between offering me $4k across two cards versus $4k on 1 card?

Re: AMEX's Logic?

Anonymous — Thu, 26 Jan 2012 01:47:52 GMT

"Logic" and Amex?

But yeah, I've wondered about the same before. I don't see how, for example, two $5k cards are less risky than one $10k card.

Re: AMEX's Logic?

pizzadude — Thu, 26 Jan 2012 01:57:03 GMT

Yeah, who knows with AMEX.....They are very hard to predict sometimes....

Re: AMEX's Logic?

Red1Blue — Thu, 26 Jan 2012 02:00:57 GMT

Be cautious with Amex. If you do too many CLI requests and too many new accounts that can trigger FR and they will suspend all your amex accounts until you submit the tax returns and T-4506 to them. Just play it safe.

Re: AMEX's Logic?

Anonymous — Thu, 26 Jan 2012 02:09:06 GMT

@Red1Blue wrote:
Be cautious with Amex. If you do too many CLI requests and too many new accounts that can trigger FR and they will suspend all your amex accounts until you submit the tax returns and T-4506 to them. Just play it safe.

Yea, after getting declined the second time I decided I wasn't going to request a CLI unless I wanted to make a purchase larger than my current CLI. And if that ever came up, I would call them and explain before hand and I would also have the cash to pay it off immediately.

Re: AMEX's Logic?

Anonymous — Thu, 26 Jan 2012 02:16:57 GMT

Theres no logic with them. Somedays they like you. Other days... no so much.

Re: AMEX's Logic?

bichonmom — Thu, 26 Jan 2012 02:24:00 GMT

I think that's an oxymoron. Seriously... there is no logic with them or any other CCC as far as I can tell.

Re: AMEX's Logic?

pizzadude — Thu, 26 Jan 2012 03:34:52 GMT

Yep. They are consistently inconsistent. But only on days ending in "y".

Re: AMEX's Logic?

Creditaddict — Thu, 26 Jan 2012 04:22:59 GMT

Optima Platinum opened in 2000 went to $25k in 2001, request about year later to $30k declined... over the next several years about 5 more "revolving" accounts were added, ranging from 10k-2k for last card applied for... never had been declined for another card until years after that... so they wouldn't go above $25k on optima but in the end minues 2 Charge cards the limits = about 68k in revolving. Never made sense to me either but there you go!

Re: AMEX's Logic?

Anonymous — Thu, 26 Jan 2012 04:44:40 GMT

@Anonymous wrote:
In the past nine months I tried twice to get a CLI on my AMEX Clear. Initially from $2k to $6k, which got denied, and then from $2k to $4k, which also got denied. The denials were presumably because I'm a student and my income is hovering just above $20k annually. So it makes sense for them not to give me too large of a limit since my income is very limited.

However, on Friday I apped and was approved for BCE with a $2k limit.

So I'm wondering, from AMEX's point of view, what is the difference between offering me $4k across two cards versus $4k on 1 card?

I'm in the same situation as you, sitting on $3K with my BCE but my highest limit is over $7K. Amex declined CLI twice presumably b/c I am a grad student and reporting my stipend as only source of income.

I have my eyes set on the Amex SPG later this year or next. I travel occasionally and just 1 stay using points+cash will offset the AF. Hopefully I will be as lucky as you and get $2K when I apply.

Re: AMEX's Logic?

Anonymous — Thu, 26 Jan 2012 04:49:51 GMT

Oh btw, it was mentioned on another thread but if you aren't going to use the Clear anymore, you can try consolidating the CL over to the BCE. They will most likely leave $500 on the Clear, but that gives you $3500 on BCE which is a lot better than $2K imo.

Re: AMEX's Logic?

Anonymous — Thu, 26 Jan 2012 07:48:36 GMT

If you want an Amex logic riddle, try this one on for size.

Two weeks ago, DW apped for the Delta Gold card and only received a $2K limit. 15 minutes later she received a CLI from $12K to $20K CL on her Blue card.

You'd think that if Amex was willing to give DW $10K in total new CLs, that they would have done it on the new card.

Re: AMEX's Logic?

bichonmom — Thu, 26 Jan 2012 08:33:55 GMT

@Anonymous wrote:
If you want an Amex logic riddle, try this one on for size.

Two weeks ago, DW apped for the Delta Gold card and only received a $2K limit. 15 minutes later she received a CLI from $12K to $20K CL on her Blue card.

You'd think that if Amex was willing to give DW $10K in total new CLs, that they would have done it on the new card.

That doesn't make any sense at all! Wow! Great CLI, though.

Re: AMEX's Logic?

CS800 — Thu, 26 Jan 2012 15:39:35 GMT

The 'logic' is what makes me nervous. I'm due for my 61 day CLI in a few weeks. Hoping for the full 3X.

Re: AMEX's Logic?

RockinRay — Thu, 26 Jan 2012 15:42:16 GMT

@pizzadude wrote:
Yep. They are consistently inconsistent. But only on days ending in "y".

- Good one!

Re: AMEX's Logic?

Anonymous — Thu, 26 Jan 2012 16:18:33 GMT

65 days CS800