@Johnmccoy2710 wrote:Does Amex give out credit line increases with a Bankruptcy still showing on your credit or am I stuck with the same credit line for 4 more years until the BK falls off?
https://ficoforums.myfico.com/t5/Credit-Card-Approvals/AMEX-BCP-Auto-CLI-5000-Post-BK/m-p/6685562
possible, but not likely based on DPs
@Johnmccoy2710 wrote:Does Amex give out credit line increases with a Bankruptcy still showing on your credit or am I stuck with the same credit line for 4 more years until the BK falls off?
It's unclear to me.
Amex has approved me for a $25K SL for the BCP, a $25K SL for the BBP, and a $15K POTL for the Platinum Card; all with the BK on my record. Since then, I've applied unsuccessfully 4 times for a CLI on the BCP. The responses:
1. Bankruptcy
2. Bankruptcy
3. Overall utilization too high (based on 3-month-old report)
4. Usage is well below existing limit
So who knows?
It's highly unlikely, but on rare occasions they have.
Not likely... every time I tried for my CL with my Ch 13 reporting it was denied for bankruptcy on report. Still at my $10k SL from mid 2022.
Haven't tried since it fell off last month... paying off debt to improve scores first.
Amex denied my 3x CLI and the only reason stated was the CH7 bankruptcy on my report that was discharged in 2018.
I have gotten a total of 1 increase on each of my Amex cards with the bk still showing but I'm nearing the end of it (discharges Dec this year). Prior to those increases I was turned down every time I tried. Reason being bk on file. Either way it's a softpull so keep trying and eventually they will give in.
Is there a thread or data on how they treat starting limits?
I'm going to be at 61 months in July and plan to apply (been gardening since September). I have gotten good starting limits from NFCU and have decent limits with Synchony (Venmo, Paypal) and Apple. I was planning on applying for the Amex Gold Delta (they're my preferred airline) but was wondering if it the starting CL would be higher if I opted to apply for the Amex Platinum Delta instead. It's just a concern that if I apply for the Gold Delta and they give me a starting limit of $2-3K, that wouldn't be enough to book tickets for my family (the reason to have the card) and if I'm locked in at that CL until my BK7 falls off (5 more years), then it wouldn't make sense to get the Delta card but another Amex.
@md_rebuild wrote:Is there a thread or data on how they treat starting limits?
I'm going to be at 61 months in July and plan to apply (been gardening since September). I have gotten good starting limits from NFCU and have decent limits with Synchony (Venmo, Paypal) and Apple. I was planning on applying for the Amex Gold Delta (they're my preferred airline) but was wondering if it the starting CL would be higher if I opted to apply for the Amex Platinum Delta instead. It's just a concern that if I apply for the Gold Delta and they give me a starting limit of $2-3K, that wouldn't be enough to book tickets for my family (the reason to have the card) and if I'm locked in at that CL until my BK7 falls off (5 more years), then it wouldn't make sense to get the Delta card but another Amex.
In my personal experience with Amex the first card was a lower limit then I'm used to but the second card opened was decent. Keep in mind Amex can be very generous with increases so even if it's a lower SL the CLI down the road should make up for it