topic Re: AMEX BCE Approved (disappointed in the limit) in Credit Cards

AMEX BCE Approved (disappointed in the limit)

laboi_22 — Mon, 14 May 2012 23:58:04 GMT

Hey myfico community. So over the weekend I decided to apply for the BCE. I was going to go for it in July, but since I had gardened properly and most inquiries fell off, and since I brought my UTL down earlier this year than expected, I decided what they hey. I got the 7-10 day message. First thing while in my Monday morning meeting a Utah number called my phone. Of course I excuse myself not knowing who that was. I was unable to speak to her at that time so I called back after the meeting. I was approved without any questions asked which I'm excited about. I was only approved for $2000 though. WOW I just thought I would get a more aggressive and higher limit. I plan to use this card for gas purchases only at this point and PIF each month. I want to make it my primary, but with a low limit, I'll wait until the 61 day CLI. Hopefully I'll get approved for it. I hear it's 3 times the CL. Is this true?

Re: AMEX BCE Approved (disappointed in the limit)

LS2982 — Mon, 14 May 2012 23:59:31 GMT

@laboi_22 wrote:
Hey myfico community. So over the weekend I decided to apply for the BCE. I was going to go for it in July, but since I had gardened properly and most inquiries fell off, and since I brought my UTL down earlier this year than expected, I decided what they hey. I got the 7-10 day message. First thing while in my Monday morning meeting a Utah number called my phone. Of course I excuse myself not knowing who that was. I was unable to speak to her at that time so I called back after the meeting. I was approved without any questions asked which I'm excited about. I was only approved for $2000 though. WOW I just thought I would get a more aggressive and higher limit. I plan to use this card for gas purchases only at this point and PIF each month. I want to make it my primary, but with a low limit, I'll wait until the 61 day CLI. Hopefully I'll get approved for it. I hear it's 3 times the CL. Is this true?

CONGRATS on your approval!!!

Re: AMEX BCE Approved (disappointed in the limit)

laboi_22 — Tue, 15 May 2012 00:00:40 GMT

Thanks LS

Re: AMEX BCE Approved (disappointed in the limit)

Mailak — Tue, 15 May 2012 00:02:30 GMT

@laboi_22 wrote:
Hey myfico community. So over the weekend I decided to apply for the BCE. I was going to go for it in July, but since I had gardened properly and most inquiries fell off, and since I brought my UTL down earlier this year than expected, I decided what they hey. I got the 7-10 day message. First thing while in my Monday morning meeting a Utah number called my phone. Of course I excuse myself not knowing who that was. I was unable to speak to her at that time so I called back after the meeting. I was approved without any questions asked which I'm excited about. I was only approved for $2000 though. WOW I just thought I would get a more aggressive and higher limit. I plan to use this card for gas purchases only at this point and PIF each month. I want to make it my primary, but with a low limit, I'll wait until the 61 day CLI. Hopefully I'll get approved for it. I hear it's 3 times the CL. Is this true?

I got $2K too for BCP. Congrats though

Re: AMEX BCE Approved (disappointed in the limit)

ajh5408 — Tue, 15 May 2012 00:04:06 GMT

The maximum AMEX soft-pull online/phone CLI is (as far as I know) three times your current limit. That has been my experience, anyway...

$2,000 isn't particularly out of step with a lot of the BCE limits being thrown out there though. Putting aside your BOA card, it seems to be about what you have across the board... If it got a manual review, it wouldn't surprise me that they would peg it right around whatever the applicant's mean/median limit is. That having been said, with a 720 and decent income, I don't think you'll have any issues jumping to $6,000 when the opportunity comes around.

Congrats!

Re: AMEX BCE Approved (disappointed in the limit)

Mailak — Tue, 15 May 2012 00:10:36 GMT

@ajh5408 wrote:
The maximum AMEX soft-pull online/phone CLI is (as far as I know) three times your current limit. That has been my experience, anyway...

$2,000 isn't particularly out of step with a lot of the BCE limits being thrown out there though. Putting aside your BOA card, it seems to be about what you have across the board... If it got a manual review, it wouldn't surprise me that they would peg it right around whatever the applicant's mean/median limit is. That having been said, with a 720 and decent income, I don't think you'll have any issues jumping to $6,000 when the opportunity comes around.

Congrats!

Mine was $300 - just one card

Re: AMEX BCE Approved (disappointed in the limit)

Anonymous — Tue, 15 May 2012 00:23:53 GMT

Amex is weird with limits on your first credit card with them. Just wait for the 61 days to get the cli

Re: AMEX BCE Approved (disappointed in the limit)

laboi_22 — Tue, 15 May 2012 00:33:52 GMT

Here's to hoping I'll do everything AMEX likes so that I can get a 61 day CLI to 6000!!!

Re: AMEX BCE Approved (disappointed in the limit)

Anonymous — Tue, 15 May 2012 00:48:01 GMT

That's not too terrible a limit, considering your other limits and the fact that you can ask for 3x your current limit after a mere 61 days. Just ask for $6,000 then and see what happens.

Re: AMEX BCE Approved (disappointed in the limit)

laboi_22 — Tue, 15 May 2012 00:56:46 GMT

Crossing fingers. Hoping it works.

Re: AMEX BCE Approved (disappointed in the limit)

Anonymous — Tue, 15 May 2012 00:59:21 GMT

so which bureau is AmEx pulling these days? the one from which we can't get scores?

Re: AMEX BCE Approved (disappointed in the limit)

LS2982 — Tue, 15 May 2012 01:00:00 GMT

@Anonymous wrote:
so which bureau is AmEx pulling these days? the one from which we can't get scores?

Yes, EX.

Re: AMEX BCE Approved (disappointed in the limit)

laboi_22 — Tue, 15 May 2012 01:08:13 GMT

Not sure yet which they pulled but they have pulled EX in the past. I thought EQ was the one we can longer buy FICO scores on?

Re: AMEX BCE Approved (disappointed in the limit)

LS2982 — Tue, 15 May 2012 01:11:53 GMT

@laboi_22 wrote:
Not sure yet which they pulled but they have pulled EX in the past. I thought EQ was the one we can longer buy FICO scores on?

You can buy EQ / TU FICO here, you cannot buy EX FICO's anywhere. Only way to get it is to:

-App for an AMEX card (YMMV they almost exclusively pull EX and it is a FICO they provide)

-Be a member of PSECU (A CU in PA)

-App for a mortgage

Re: AMEX BCE Approved (disappointed in the limit)

pizzadude — Tue, 15 May 2012 01:12:39 GMT

@laboi_22 wrote:
Not sure yet which they pulled but they have pulled EX in the past. I thought EQ was the one we can longer buy FICO scores on?

You can purchase an Equifax FICO score from the Equifax website, but TU and EX don't sell FICO directly. MyFICO sells a TU score, but as consumers we can't directly purchase an Experian score from anyone right now, but can only get it from a creditor.

Re: AMEX BCE Approved (disappointed in the limit)

laboi_22 — Tue, 15 May 2012 01:14:37 GMT

Thanks for clarification. I always get them mixed up lol