topic Re: Amex 3x CLI 7-10 Message in Credit Cards

Amex 3x CLI 7-10 Message

armedxwithxaxmind — Fri, 15 Aug 2014 23:59:35 GMT

So today is my 61 day so I tried this morning to increase my credit line from $2k to $6k but got the wait 7-10 message. If it's a denial when can I try again? Can calling the number on the back of the card get me information if I got approved or a counter offer right away or should I just wait to see?

Re: Amex 3x CLI 7-10 Message

AvadaKedavra — Sat, 16 Aug 2014 01:09:14 GMT

Probably doesn't hurt to call. Are you sure it's your 61st day?

Re: Amex 3x CLI 7-10 Message

armedxwithxaxmind — Sat, 16 Aug 2014 01:27:06 GMT

I apped for it June 15 & activated my card June 19. It says my account was created June 15 & appear as the statement cut as well on the Amex page so i assumed as well that today would be my 61 day. Could be wrong as well lol

Re: Amex 3x CLI 7-10 Message

AvadaKedavra — Sat, 16 Aug 2014 01:34:02 GMT

@armedxwithxaxmind wrote:
I apped for it June 15 & activated my card June 19. It says my account was created June 15 & appear as the statement cut as well on the Amex page so i assumed as well that today would be my 61 day. Could be wrong as well lol

Sounds about right. I'd call. Worst thing they can say is wait for the letter.

Re: Amex 3x CLI 7-10 Message

CribDuchess — Sat, 16 Aug 2014 01:40:18 GMT

Check your email as well - sometimes you receive the 7-10 day message and then shortly after you receive an email concerning your request. Hopefully it is approved, but if not, you can try again in 90 days. Good luck!

Re: Amex 3x CLI 7-10 Message

armedxwithxaxmind — Sat, 16 Aug 2014 01:48:10 GMT

@CribDuchess wrote:
Check your email as well - sometimes you receive the 7-10 day message and then shortly after you receive an email concerning your request. Hopefully it is approved, but if not, you can try again in 90 days. Good luck!

I called & just told me they have no information on it yet & I should wait for the email & letter first then call the credit department if I have any questions :/ & when would the 90 days be from? From today or?

Re: Amex 3x CLI 7-10 Message

Ysettle4 — Sat, 16 Aug 2014 03:45:55 GMT

How was your utilization for those first 60 days? Any PIF during that time on any of the statements?

Re: Amex 3x CLI 7-10 Message

armedxwithxaxmind — Sat, 16 Aug 2014 04:13:47 GMT

@Ysettle4 wrote:
How was your utilization for those first 60 days? Any PIF during that time on any of the statements?

PIF Both statement months just the first statement cut with my annual fee postings so it closed with $75 :/ but this statement closed at $0. I spent $1k+ the first month & PIF all of that though.

Re: Amex 3x CLI 7-10 Message

CreditPlay — Sat, 16 Aug 2014 04:44:57 GMT

Today is my 61 day as well. Applied and got an emai to check the status and it was approved. I found the email in my junk folder, so if you are sure you dint receive any email. Call them up tomo morning. good luck!

Re: Amex 3x CLI 7-10 Message

AvadaKedavra — Sat, 16 Aug 2014 04:53:34 GMT

@armedxwithxaxmind wrote:
@Ysettle4 wrote:
How was your utilization for those first 60 days? Any PIF during that time on any of the statements?
PIF Both statement months just the first statement cut with my annual fee postings so it closed with $75 :/ but this statement closed at $0. I spent $1k+ the first month & PIF all of that though.

Hmmm, whats your overall debt and income? Any student/auto/home/personal loans? Any negatives on your CR?

Re: Amex 3x CLI 7-10 Message

SunriseEarth — Sat, 16 Aug 2014 06:25:38 GMT

@armedxwithxaxmind wrote:
I apped for it June 15 & activated my card June 19. It says my account was created June 15 & appear as the statement cut as well on the Amex page so i assumed as well that today would be my 61 day. Could be wrong as well lol

You calculated correct, so long as June 15th was considered the starting date.

Re: Amex 3x CLI 7-10 Message

Ysettle4 — Sat, 16 Aug 2014 16:49:17 GMT

OK. I would wait for the email or check the junk folder just incase it did show up. Shouldn't really be any reason to be denied unless something adverse recently showed up on your credit.

Re: Amex 3x CLI 7-10 Message

Ysettle4 — Sat, 16 Aug 2014 16:52:19 GMT

@SunriseEarth wrote:
@armedxwithxaxmind wrote:
I apped for it June 15 & activated my card June 19. It says my account was created June 15 & appear as the statement cut as well on the Amex page so i assumed as well that today would be my 61 day. Could be wrong as well lol
You calculated correct, so long as June 15th was considered the starting date.

No. He calculated his 61st day properly. Check here: Days between June 15 and Aug 15

Re: Amex 3x CLI 7-10 Message

armedxwithxaxmind — Sat, 16 Aug 2014 22:40:39 GMT

@AvadaKedavra wrote:
@armedxwithxaxmind wrote:
@Ysettle4 wrote:
How was your utilization for those first 60 days? Any PIF during that time on any of the statements?
PIF Both statement months just the first statement cut with my annual fee postings so it closed with $75 :/ but this statement closed at $0. I spent $1k+ the first month & PIF all of that though.
Hmmm, whats your overall debt and income? Any student/auto/home/personal loans? Any negatives on your CR?

Income is $41K & my current debt is a refiance car loan (refied in June this year already two months ahead) $11.9k left & about $8k in credit card debt reporting ($6.5 once it updates) Only 1 negative but only appears on Equalix (Falls off December 2017) but doesn't show on no other reports

Re: Amex 3x CLI 7-10 Message

armedxwithxaxmind — Fri, 22 Aug 2014 00:55:50 GMT

So I got a letter in the mail today would I have to wait 90 dates from the date mention on the letter or could I try again today?

"August 16,2014

Dear XXXXXXX

Thank you for your recent request for a credit limit increase. We're writing to let you know we are unable to approve your request at this time.

Reason(s) for Our Decision

Our scoring of your credit and other relevant information (see blow)

We evaluated your application using a credit scoring system that considers various pieces of information including your credit report. The following key factors contributed to our evaluation:

Your FICO score (see below)

Your debt with other creditors relative to the available credit as indicated by Experian.

The length of time you have been a customer with American Express is too short.

Information About Your FICO Score

We obtained your FICO score from Experian and used it in the making of our credit decision. Your FICO score is a number that reflects the information in your credit report. Your FICO score can change, depending on how the information in your credit report changes. On July 30,2014, your FICO score was 672. The FICO score ranges from 300 to 850. The following are the key factors that contributed to your FICO score:

Length of time accounts have been established

Proportion of revolving balances to revolving credit limits is too high.

Proportion of loan balances to loan amount is too high.

Too many inquiries in the last 12 months."

Re: Amex 3x CLI 7-10 Message

creditFiend — Fri, 22 Aug 2014 01:33:29 GMT

@armedxwithxaxmind wrote:
So I got a letter in the mail today would I have to wait 90 dates from the date mention on the letter or could I try again today?

"August 16,2014
Dear XXXXXXX
Thank you for your recent request for a credit limit increase. We're writing to let you know we are unable to approve your request at this time.

Reason(s) for Our Decision

Our scoring of your credit and other relevant information (see blow)

We evaluated your application using a credit scoring system that considers various pieces of information including your credit report. The following key factors contributed to our evaluation:

Your FICO score (see below)
Your debt with other creditors relative to the available credit as indicated by Experian.
The length of time you have been a customer with American Express is too short.

Information About Your FICO Score
We obtained your FICO score from Experian and used it in the making of our credit decision. Your FICO score is a number that reflects the information in your credit report. Your FICO score can change, depending on how the information in your credit report changes. On July 30,2014, your FICO score was 672. The FICO score ranges from 300 to 850. The following are the key factors that contributed to your FICO score:

Length of time accounts have been established
Proportion of revolving balances to revolving credit limits is too high.
Proportion of loan balances to loan amount is too high.
Too many inquiries in the last 12 months."

Sorry you didn't receive your CLI. According to your siggy, your score was 715 (correct me if I'm wrong) at the time of app; but dropped to 672 in two months? How new are your other cards?

The big drop in score may have also been a factor.

Re: Amex 3x CLI 7-10 Message

armedxwithxaxmind — Fri, 22 Aug 2014 01:55:38 GMT

@JaB8199 wrote:
@armedxwithxaxmind wrote:
So I got a letter in the mail today would I have to wait 90 dates from the date mention on the letter or could I try again today?

"August 16,2014
Dear XXXXXXX
Thank you for your recent request for a credit limit increase. We're writing to let you know we are unable to approve your request at this time.

Reason(s) for Our Decision

Our scoring of your credit and other relevant information (see blow)

We evaluated your application using a credit scoring system that considers various pieces of information including your credit report. The following key factors contributed to our evaluation:

Your FICO score (see below)
Your debt with other creditors relative to the available credit as indicated by Experian.
The length of time you have been a customer with American Express is too short.

Information About Your FICO Score
We obtained your FICO score from Experian and used it in the making of our credit decision. Your FICO score is a number that reflects the information in your credit report. Your FICO score can change, depending on how the information in your credit report changes. On July 30,2014, your FICO score was 672. The FICO score ranges from 300 to 850. The following are the key factors that contributed to your FICO score:

Length of time accounts have been established
Proportion of revolving balances to revolving credit limits is too high.
Proportion of loan balances to loan amount is too high.
Too many inquiries in the last 12 months."
Sorry you didn't receive your CLI. According to your siggy, your score was 715 (correct me if I'm wrong) at the time of app; but dropped to 672 in two months? How new are your other cards?
The big drop in score may have also been a factor.

It was but since then I refied my auto loan/got upgraded to a new credit card with my bank (which also closed m oldest credit card & they can't back date the age), got the new credit card from amex. So basically got 3 brand new accounts.

Re: Amex 3x CLI 7-10 Message

Anonymous — Fri, 22 Aug 2014 02:06:35 GMT

@armedxwithxaxmind wrote:
@JaB8199 wrote:
@armedxwithxaxmind wrote:
So I got a letter in the mail today would I have to wait 90 dates from the date mention on the letter or could I try again today?

"August 16,2014
Dear XXXXXXX
Thank you for your recent request for a credit limit increase. We're writing to let you know we are unable to approve your request at this time.

Reason(s) for Our Decision

Our scoring of your credit and other relevant information (see blow)

We evaluated your application using a credit scoring system that considers various pieces of information including your credit report. The following key factors contributed to our evaluation:

Your FICO score (see below)
Your debt with other creditors relative to the available credit as indicated by Experian.
The length of time you have been a customer with American Express is too short.

Information About Your FICO Score
We obtained your FICO score from Experian and used it in the making of our credit decision. Your FICO score is a number that reflects the information in your credit report. Your FICO score can change, depending on how the information in your credit report changes. On July 30,2014, your FICO score was 672. The FICO score ranges from 300 to 850. The following are the key factors that contributed to your FICO score:

Length of time accounts have been established
Proportion of revolving balances to revolving credit limits is too high.
Proportion of loan balances to loan amount is too high.
Too many inquiries in the last 12 months."
Sorry you didn't receive your CLI. According to your siggy, your score was 715 (correct me if I'm wrong) at the time of app; but dropped to 672 in two months? How new are your other cards?
The big drop in score may have also been a factor.
It was but since then I refied my auto loan/got upgraded to a new credit card with my bank (which also closed m oldest credit card & they can't back date the age), got the new credit card from amex. So basically got 3 brand new accounts.

My scores and such were very similar to yours and they approved my 61 3xCLI... Seems strange to me

Re: Amex 3x CLI 7-10 Message

armedxwithxaxmind — Fri, 22 Aug 2014 02:33:32 GMT

@Anonymous wrote:
@armedxwithxaxmind wrote:
@JaB8199 wrote:
@armedxwithxaxmind wrote:
So I got a letter in the mail today would I have to wait 90 dates from the date mention on the letter or could I try again today?

"August 16,2014
Dear XXXXXXX
Thank you for your recent request for a credit limit increase. We're writing to let you know we are unable to approve your request at this time.

Reason(s) for Our Decision

Our scoring of your credit and other relevant information (see blow)

We evaluated your application using a credit scoring system that considers various pieces of information including your credit report. The following key factors contributed to our evaluation:

Your FICO score (see below)
Your debt with other creditors relative to the available credit as indicated by Experian.
The length of time you have been a customer with American Express is too short.

Information About Your FICO Score
We obtained your FICO score from Experian and used it in the making of our credit decision. Your FICO score is a number that reflects the information in your credit report. Your FICO score can change, depending on how the information in your credit report changes. On July 30,2014, your FICO score was 672. The FICO score ranges from 300 to 850. The following are the key factors that contributed to your FICO score:

Length of time accounts have been established
Proportion of revolving balances to revolving credit limits is too high.
Proportion of loan balances to loan amount is too high.
Too many inquiries in the last 12 months."
Sorry you didn't receive your CLI. According to your siggy, your score was 715 (correct me if I'm wrong) at the time of app; but dropped to 672 in two months? How new are your other cards?
The big drop in score may have also been a factor.
It was but since then I refied my auto loan/got upgraded to a new credit card with my bank (which also closed m oldest credit card & they can't back date the age), got the new credit card from amex. So basically got 3 brand new accounts.
My scores and such were very similar to yours and they approved my 61 3xCLI... Seems strange to me

It does & I'm kinda confused by the "The length of time you have been a customer with American Express is too short." part like does it mean it wasn't my 61 day or?

Re: Amex 3x CLI 7-10 Message

Anonymous — Fri, 22 Aug 2014 02:46:58 GMT

It does & I'm kinda confused by the "The length of time you have been a customer with American Express is too short." part like does it mean it wasn't my 61 day or?

Have you thought about using the chat at customer service and ask? I actually waited until day 65 before pulling the trigger as I didn't want to apply for the CLI before the allotted time.

Also, on the BCP card, how much did you pass through it? I passed about $1000 per month and paid it down every time I went over $300 (I heard they like multiple payments). Also I had it at $0 balance before asking for the CLI and my FICO EQ was about 665 at the time of the request, down from my initial approval FICO of 731