topic Re: AMEX CLI WTH? in Credit Cards

AMEX CLI WTH?

Anonymous — Fri, 16 Nov 2012 12:59:08 GMT

Yesterday was my 60 dau mark for my AMex Delta Gold, so I requested a CLI from 10,500-->14, 900 and was promptly approved. Today is the 60 day mark for my Amex BCP. My request was rejected *sad trombone* and I got the following message. Have you heard of this happening before?

Our bank policy does not permit us to increase the line of credit on your account within six months since increasing the line of credit on one of your existing American Express accounts.

Re: AMEX CLI WTH?

Repo-ed — Fri, 16 Nov 2012 13:00:33 GMT

Interesting

Re: AMEX CLI WTH?

improvingmycredit — Fri, 16 Nov 2012 13:08:53 GMT

Hello!

Yes- it is Amex policy that you can only request one CLI each 6 months (including the 61 Day CLI) across all cards. So since you got the CLI on the Delta- no CLI again for any other cards for 6 months. 6 months from now- you may request a 3X CLI again for one if your cards.

Re: AMEX CLI WTH?

Anonymous — Fri, 16 Nov 2012 13:10:02 GMT

Thanks so much!

Re: AMEX CLI WTH?

RyVision — Fri, 16 Nov 2012 13:12:39 GMT

@Anonymous wrote:
Yesterday was my 60 dau mark for my AMex Delta Gold, so I requested a CLI from 10,500-->14, 900 and was promptly approved. Today is the 60 day mark for my Amex BCP. My request was rejected *sad trombone* and I got the following message. Have you heard of this happening before?

Our bank policy does not permit us to increase the line of credit on your account within six months since increasing the line of credit on one of your existing American Express accounts.

If you got a CLI on an AMEX, you have to wait 6 months for another CLI request for any other AMEX account you have. If you just got a CLI on your AMEX Delta Gold, you won't be able to request a CLI on your BCP for 6 months.

So it's not unusual or a bad sign, just AMEX's policy.

Re: AMEX CLI WTH?

Anonymous — Fri, 16 Nov 2012 13:51:36 GMT

Re: AMEX CLI WTH?

Anonymous — Fri, 16 Nov 2012 15:45:54 GMT

Congrats on the CLI! Does anyone know if the 61 day request results in a HP?

Re: AMEX CLI WTH?

RyVision — Fri, 16 Nov 2012 15:49:33 GMT

@Anonymous wrote:
Congrats on the CLI! Does anyone know if the 61 day request results in a HP?

It doesn't unless you end up talking to a rep and they ask your permission. Otherwise it goes off the last pull (soft) they did that's in the system.

Re: AMEX CLI WTH?

Epcot — Fri, 16 Nov 2012 16:03:29 GMT

That's good to know!

Re: AMEX CLI WTH?

Anonymous — Fri, 16 Nov 2012 16:55:40 GMT

Thanks Ryvision!