topic Re: BCP 61 days 3x CLI.... oops not yet in Credit Cards

BCP 61 days 3x CLI.... oops not yet

Anonymous — Mon, 24 Dec 2012 15:06:54 GMT

well I decided to go for the 3x cli, and I got the 7-10 days message, so I checked my e-mail and I read the letter and this is what it says.

"Thank you for your recent request for a line of credit increase on your American Express Card Account.

We regret to inform you that your request has been declined.

Reason(s) for Our Decision

Our bank policy does not permit us to increase the line of credit on your account within sixty days since opening this account."

I was approved on 10-22 and Activated my card on 11-01. So I decided to call to check when my 61 days would be and the CSR said 12-27. She said to try on thursday, either on the phone or online.

Re: BCP 61 days 3x CLI.... oops not yet

kevinjjc — Mon, 24 Dec 2012 15:28:28 GMT

Good luck! Let us know how it goes.

Re: BCP 61 days 3x CLI.... oops not yet

Anonymous — Thu, 27 Dec 2012 20:45:27 GMT

so today I decided to do it online and this was the result.

Request a Line of Credit Increase

Congratulations!
Your request to increase your line of credit to $6,000 has been approved and will be available for use within 15 minutes.

Your New Line of Credit Information:

New Line of Credit:$6,000

Re: BCP 61 days 3x CLI.... oops not yet

injustifiiable — Thu, 27 Dec 2012 20:46:19 GMT

Nice!

Re: BCP 61 days 3x CLI.... oops not yet

Anonymous — Thu, 27 Dec 2012 21:08:18 GMT

I got the 7-10 day message as well but no email..what does that mean?

Re: BCP 61 days 3x CLI.... oops not yet

HiLine — Thu, 27 Dec 2012 22:49:50 GMT

Yay! Congratulations on the sizable increase!

Re: BCP 61 days 3x CLI.... oops not yet

jsickz32 — Thu, 27 Dec 2012 22:51:18 GMT

congrats!

Re: BCP 61 days 3x CLI.... oops not yet

Epcot — Fri, 28 Dec 2012 04:47:27 GMT

Congrats on the increase!

Re: BCP 61 days 3x CLI.... oops not yet

kevinjjc — Fri, 28 Dec 2012 05:07:05 GMT

Congrats!! Don't forget to request another CLI in 6 months.

Re: BCP 61 days 3x CLI.... oops not yet

Anonymous — Fri, 28 Dec 2012 05:39:02 GMT

is it 6 months from today??

Re: BCP 61 days 3x CLI.... oops not yet

kevinjjc — Fri, 28 Dec 2012 05:57:54 GMT

@Anonymous wrote:
is it 6 months from today??

Yes.

http://search.americanexpress.com/app/answers/display/a_id/6666

How can I apply for a line of credit increase for my American Express Card?

We do not increase an account's credit limit during the first 60 days after it has been opened, or for at least 6 months from the last credit limit increase. After that time has passed, if you are still interested in applying for an increased credit limit, you can check to see if you are eligible to change your credit limit online by logging into your account and going to your Profile & Preferences or you can call the number on the back of your Card to speak with one of our customer care professionals.

Re: BCP 61 days 3x CLI.... oops not yet

jake619 — Fri, 28 Dec 2012 06:21:53 GMT

@Anonymous wrote:
well I decided to go for the 3x cli, and I got the 7-10 days message, so I checked my e-mail and I read the letter and this is what it says.

"Thank you for your recent request for a line of credit increase on your American Express Card Account.

We regret to inform you that your request has been declined.

Reason(s) for Our Decision

Our bank policy does not permit us to increase the line of credit on your account within sixty days since opening this account."

I was approved on 10-22 and Activated my card on 11-01. So I decided to call to check when my 61 days would be and the CSR said 12-27. She said to try on thursday, either on the phone or online.

So they calculated your 61st from 10/28 - neither your approval date nor activation date. Interesting and thanks for sharing. Sounds like the only way to know is to make the call.

Re: BCP 61 days 3x CLI.... oops not yet

Anonymous — Fri, 28 Dec 2012 06:27:02 GMT

@jake619 wrote:
@Anonymous wrote:
well I decided to go for the 3x cli, and I got the 7-10 days message, so I checked my e-mail and I read the letter and this is what it says.

"Thank you for your recent request for a line of credit increase on your American Express Card Account.

We regret to inform you that your request has been declined.

Reason(s) for Our Decision

Our bank policy does not permit us to increase the line of credit on your account within sixty days since opening this account."

I was approved on 10-22 and Activated my card on 11-01. So I decided to call to check when my 61 days would be and the CSR said 12-27. She said to try on thursday, either on the phone or online.
So they calculated your 61st from 10/28 - neither your approval date nor activation date. Interesting and thanks for sharing. Sounds like the only way to know is to make the call.

Yeah the date was completely random. I checked the the letters I got when I was approved and the package when I got the card and none of them matched with the date the CSR gave me, but was completely right with the 27th.

Re: BCP 61 days 3x CLI.... oops not yet

bichonmom — Fri, 28 Dec 2012 11:51:42 GMT

Congrats!

some have posted about getting the CLI 61 days after approval and not activation. But I others have said what you did. I waited a few days beyond 61 after activation, just to be on the safe side and got approved. At least you were able to try again a few days later.

Re: BCP 61 days 3x CLI.... oops not yet

FutureBillionaire — Fri, 28 Dec 2012 15:48:32 GMT

Is the CLI a hard pull or soft pull?

Re: BCP 61 days 3x CLI.... oops not yet

Repo-ed — Fri, 28 Dec 2012 15:50:31 GMT

soft

Re: BCP 61 days 3x CLI.... oops not yet

OhioCPA — Fri, 28 Dec 2012 19:29:08 GMT

@FutureBillionaire wrote:
Is the CLI a hard pull or soft pull?

Neither.

Re: BCP 61 days 3x CLI.... oops not yet

FutureBillionaire — Fri, 28 Dec 2012 19:37:38 GMT

Ok, so what's the deal. Soft? Hard? Medium?

Re: BCP 61 days 3x CLI.... oops not yet

espnjunkie — Fri, 28 Dec 2012 19:38:26 GMT

soft pull for cli's

Re: BCP 61 days 3x CLI.... oops not yet

OhioCPA — Fri, 28 Dec 2012 19:43:01 GMT

I suppose you could say it is "based on a soft pull", since they apparently take into account information from a previous pull. When a cardmember ask for a CLI, Amex will not pull the cardmember's file at that time. If they did, then I would think it was technically a hard pull and should be reported as such. GE, and I am sure others will rely on previous soft pulls for reviewing CLI's. I don't think I have ever heard of any company that will do a soft for a CLI, they either do a hard pull or rely on information in their file.