topic Re: Amex 61 DAY cli DENIED and 90 DAY CLI DENIED in Credit Cards

Amex 61 DAY cli DENIED and 90 DAY CLI DENIED

Bsong — Fri, 06 Dec 2013 21:51:27 GMT

Hi Everyone,

I applied for my Amex BCE on July, 1st 2013 ($2000k starting limit).

I used the card up to 10% utilization in July and PIF

I used the card up to 10% utilization in August and PIF

61 Days later I attempted the 3X CLI and was DENIED.

Ok, that sucked at the time and read that I would need to wait 90 days from being denied to try again. So I SD’d the card and never used it.

Today was my 90 Days from my denial. I went online, submitted a request for a CLI and again, DENIED…

It was always my goal to be part of AMEX but with these denials for a CLI, I’m thinking about just cancelling the card! I always wanted my AMEX card to be my everyday card but with such a low limit, it becomes a hassle using the card to a limited 10% of the credit line and having to pay it down just so I can use it again...

What am I doing wrong? Is it bad that I’m not using the card? What should I do so that I can have a successful CLI request?

Re: Amex 61 DAY cli DENIED and 90 DAY CLI DENIED

09Lexie — Fri, 06 Dec 2013 21:53:07 GMT

What are the reasons for denial?

Re: Amex 61 DAY cli DENIED and 90 DAY CLI DENIED

Bsong — Fri, 06 Dec 2013 21:55:39 GMT

@09Lexie wrote:
What are the reasons for denial?

Hi Lexie,

Well, it didnt say flat out denied but it gave me the 7 - 10 day message. I guess I'll have to wait for the letter to come so that I can see why they are not feeling like giving me an increase. Or can I call and ask why they are denying me?

Re: Amex 61 DAY cli DENIED and 90 DAY CLI DENIED

09Lexie — Fri, 06 Dec 2013 21:57:41 GMT

@Bsong wrote:
@09Lexie wrote:
What are the reasons for denial?
Hi Lexie,

Well, it didnt say flat out denied but it gave me the 7 - 10 day message. I guess I'll have to wait for the letter to come so that I can see why they are not feeling like giving me an increase. Or can I call and ask why they are denying me?

if you aren't using the CL, that could be a reason. What's your total util? did you add new TLs?

Re: Amex 61 DAY cli DENIED and 90 DAY CLI DENIED

Anonymous — Fri, 06 Dec 2013 21:59:09 GMT

What is your listed income for the card and how many recent inquiries and new accounts have you had?

Re: Amex 61 DAY cli DENIED and 90 DAY CLI DENIED

Bsong — Fri, 06 Dec 2013 22:00:17 GMT

@09Lexie wrote:
@Bsong wrote:
@09Lexie wrote:
What are the reasons for denial?
Hi Lexie,

Well, it didnt say flat out denied but it gave me the 7 - 10 day message. I guess I'll have to wait for the letter to come so that I can see why they are not feeling like giving me an increase. Or can I call and ask why they are denying me?
if you aren't using the CL, that could be a reason. What's your total util? did you add new TLs?

My overall utilization is 10%.

I checked the last time they soft pulled me and it was in November. During that time I only had 1 new card.

This month, Im reporting 4 new tradelines.

Re: Amex 61 DAY cli DENIED and 90 DAY CLI DENIED

09Lexie — Fri, 06 Dec 2013 22:05:43 GMT

@Bsong wrote:
@09Lexie wrote:
@Bsong wrote:
@09Lexie wrote:
What are the reasons for denial?
Hi Lexie,

Well, it didnt say flat out denied but it gave me the 7 - 10 day message. I guess I'll have to wait for the letter to come so that I can see why they are not feeling like giving me an increase. Or can I call and ask why they are denying me?
if you aren't using the CL, that could be a reason. What's your total util? did you add new TLs?
My overall utilization is 10%.
I checked the last time they soft pulled me and it was in November. During that time I only had 1 new card.

This month, Im reporting 4 new tradelines.

Sometimes the SP's are delayed. Chances are they may have seen the new TLs and definitely the new inq's

Re: Amex 61 DAY cli DENIED and 90 DAY CLI DENIED

Bsong — Fri, 06 Dec 2013 22:08:47 GMT

@Anonymous wrote:
What is your listed income for the card and how many recent inquiries and new accounts have you had?

My income is over $100k annually and during the time they Soft Pulled me I had a total of 8 inquries accross my 3 reports due to a mortage application.

Re: Amex 61 DAY cli DENIED and 90 DAY CLI DENIED

SunriseEarth — Fri, 06 Dec 2013 22:21:26 GMT

Ok...lemme make sure I'm clear on this. You're only using up to $200 on the card and then PIF?

Why don't you use however much you want and pay to less than 10% UTIL before the statement closes? You don't have to USE less than 10%...but the balance should be less than 10% when the statement posts. If you're truly only putting through $200 on the card, perhaps they don't think you even need a higher CL? Hopefully someone with more experience with AMEX revolvers can comment.

Also, what's your profile like?

Re: Amex 61 DAY cli DENIED and 90 DAY CLI DENIED

Bsong — Fri, 06 Dec 2013 22:15:57 GMT

@09Lexie wrote:
@Bsong wrote:
@09Lexie wrote:
@Bsong wrote:
@09Lexie wrote:
What are the reasons for denial?
Hi Lexie,

Well, it didnt say flat out denied but it gave me the 7 - 10 day message. I guess I'll have to wait for the letter to come so that I can see why they are not feeling like giving me an increase. Or can I call and ask why they are denying me?
if you aren't using the CL, that could be a reason. What's your total util? did you add new TLs?
My overall utilization is 10%.
I checked the last time they soft pulled me and it was in November. During that time I only had 1 new card.

This month, Im reporting 4 new tradelines.
Sometimes the SP's are delayed. Chances are they may have seen the new TLs and definitely the new inq's

Darnit..... I guess ill just have to use it a little every month and wait for them to do an auto CLI.

Re: Amex 61 DAY cli DENIED and 90 DAY CLI DENIED

rlx01 — Fri, 06 Dec 2013 23:14:53 GMT

You're using the card wrong. Why would they CLI you if you're putting $200 on it a month?

Your util on the card is irrelevant until your statement closes. You should be putting ALL your spend on it, and if you get close to the limit, pay it down online *before the statement closes*. You should even attempt to close it with a $0 balance. That way AMEX sees you're a heavy spender and you're not a risk -> CLI.

This 10% util thing is really misunderstood on the forums. First, it's wrong. Second, it's only useful when you're planning to app for something. And it's not 10%. It's *one* reported balance on *one* card out of all your cards. This could be $1, but should be less than $500 or 10% of your total CL, whichever is lower. The rest should be reporting $0.

Re: Amex 61 DAY cli DENIED and 90 DAY CLI DENIED

Pat94108 — Fri, 06 Dec 2013 23:24:24 GMT

@rlx01 wrote:

This 10% util thing is really misunderstood on the forums. First, it's wrong. Second, it's only useful when you're planning to app for something. And it's not 10%. It's *one* reported balance on *one* card out of all your cards. This could be $1, but should be less than $500 or 10% of your total CL, whichever is lower. The rest should be reporting $0.

+1 It's only relevant if you plan to app for something and you need the best possible terms, outcome etc. My guess with the OP is that he was using too little of his credit line. Amex likes big spenders so they probably don't see why they should give someone a CLI when they only use 10% of their limit. The new tradelines might have also contributed if they saw them.

Re: Amex 61 DAY cli DENIED and 90 DAY CLI DENIED

JediNeo — Fri, 06 Dec 2013 23:34:56 GMT

When I first got my amex card CL was $8000. One of my first purchases was a $600 vacation package. Along with some groceries and gas. While I didn't let it report my high utilization (prepay) I would say I easily put about $3000 on the card before my 61 days.

When time came to request my reported utl was low, and request my 3x cli, didn't get it all but was offered $12,500.

Re: Amex 61 DAY cli DENIED and 90 DAY CLI DENIED

Anonymous — Sat, 07 Dec 2013 03:30:08 GMT

To the Orignal Poster,

Hi! I've had my AmEx cards since January of this year. After 60 days I app'ed for the 3x on each of my revolvers and was declines on both. Each subsequent 90 days I app'ed and was DENIED. I was like [Mod Cut] I'm not gonna use thier cards then. They don't deserve my business with my over 100K income per year.

Currently, I'm talking wtih the Executive Offices of AmEx. Hopefully they can raise my limits. I do have tons of inquires (almost 40), as for I bought a new car and have opened 10 tradelines with the past 1.5 years. So that's probs why they'r enot granting me a CLI.

But regadless, INQ mean [edit]nothing! You know what means something?? PAYMENT hx and util ratio. Mine is perfect and 1% every month.

Ugh...so...I'm joining the "The hate AmEx" bandwagon with you.

Mod cut/edit: attempted to disguise profanity~Lexie

Re: Amex 61 DAY cli DENIED and 90 DAY CLI DENIED

FinStar — Sat, 07 Dec 2013 03:31:17 GMT

@Anonymous wrote:
To the Orignal Poster,

Hi! I've had my AmEx cards since January of this year. After 60 days I app'ed for the 3x on each of my revolvers and was declines on both. Each subsequent 90 days I app'ed and was DENIED. I was like [mod cut]...I'm not gonna use thier cards then. They don't deserve my business with my over 100K income per year.

Currently, I'm talking wtih the Executive Offices of AmEx. Hopefully they can raise my limits. I do have tons of inquires (almost 40), as for I bought a new car and have opened 10 tradelines with the past 1.5 years. So that's probs why they'r enot granting me a CLI.

But regadless, INQ mean [edit] nothing! You know what means something?? PAYMENT hx and util ratio. Mine is perfect and 1% every month.

Ugh...so...I'm joining the "The hate AmEx" bandwagon with you.

Your $100K salary means nothing to AMEX if you're not using the CCs as expected or intended. AMEX is a spend-centric type of lender. If you're only using a bare minimum on those accounts, don't expect a CLI or the internal CL to go upward.

Inquiries may not mean anything to you. To lenders, quite a bit... and 40?? Hungry for credit? That in itself is demonstrative of possible signs of overextension (notable exceptions for auto-financing or mortgage shopping) but still. ALL factors are weighed by AMEX, your payments are by default a given (not a choice), utilization in it of itself is something they expect you to manage well.

Re: Amex 61 DAY cli DENIED and 90 DAY CLI DENIED

SunriseEarth — Sat, 07 Dec 2013 03:32:41 GMT

@Anonymous wrote:
To the Orignal Poster,

Hi! I've had my AmEx cards since January of this year. After 60 days I app'ed for the 3x on each of my revolvers and was declines on both. Each subsequent 90 days I app'ed and was DENIED. I was like [mod cut] I'm not gonna use thier cards then. They don't deserve my business with my over 100K income per year.

Currently, I'm talking wtih the Executive Offices of AmEx. Hopefully they can raise my limits. I do have tons of inquires (almost 40), as for I bought a new car and have opened 10 tradelines with the past 1.5 years. So that's probs why they'r enot granting me a CLI.

Yeah, probably.

Re: Amex 61 DAY cli DENIED and 90 DAY CLI DENIED

Anonymous — Sat, 07 Dec 2013 01:45:02 GMT

No offense SunriseEarth, but your sig show you have no AmEx cards...

How do you know how AmEx operates?

Re: Amex 61 DAY cli DENIED and 90 DAY CLI DENIED

rlx01 — Sat, 07 Dec 2013 01:50:49 GMT

FWIW, I had a credit history of an entire 6 months when AMEX approved a PRG + SPG (for 3.5K).

I put 5K/month through the SPG. 61-day CLI to 10.5K was instant, then another CLI 180 days after that to 23.5K was instant.

I under report my income to 110K (basically my salary on a W-2, minus investment income -- I have zero patience and if they FR me, it would be a very easy process).

Not that I would ever put 23.5K on a card, but if I ever need to book some first class international tickets back to Australia, I know I've got some room.

Re: Amex 61 DAY cli DENIED and 90 DAY CLI DENIED

FinStar — Sat, 07 Dec 2013 01:52:47 GMT

@Anonymous wrote:
No offense SunriseEarth, but your sig show you have no AmEx cards...

How do you know how AmEx operates?

I would be willing to bet he is not far off in assuming this was one of the reasons why your AMEX revolvers won't grow. I have 6 AMEX CCs (biz & personal) dating back to mid-90s.

Re: Amex 61 DAY cli DENIED and 90 DAY CLI DENIED

Anonymous — Sat, 07 Dec 2013 01:55:16 GMT

Congrats, Rlx01!

I'm 24...so...I have time for my credit to grow.