AMEX CLI DENIAL

[Anonymous]

Greetings,

I recently went for at CLI with Amex and was denied for the following reasons:

The income you provided is insufficient relative to your overall debt obligations as reflected in our records or on your credit report.

Your recent payments are too low relative to your requested total line and your debt obligations with American Express.

I have always payed my accounts in full and have an income of 98K. Also, My util is 7% wtih 88K available credit.

I do have a car loan owithabout 10k left.

What exaclty does this denial mean? payments too low?

[Anonymous]

Do you always pay your Amex balances in full? Thats a big part of it. 

[Anonymous]

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@Anonymous wrote:

Do you always pay your Amex balances in full? Thats a big part of it. 

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This.  Otherwise why would Amex state that?

[myjourney]

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@Anonymous wrote:

Greetings,

I recently went for at CLI with Amex and was denied for the following reasons:

The income you provided is insufficient relative to your overall debt obligations as reflected in our records or on your credit report.

Of all acounts what's your DTI?

Your recent payments are too low relative to your requested total line and your debt obligations with American Express.

Not using enough of the CL in there eyes so CL is sufficient in there opinion not mine ....Just the messenger don't shot Lol

Your sig says 19.5K limit

I have always payed my accounts in full and have an income of 98K. Also, My util is 7% wtih 88K available credit.

I do have a car loan owithabout 10k left.

Although 7% is not high combined with a high car note depending on what you put down .....rent or mortgage payment etc etc  

What exaclty does this denial mean? payments too low?

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Could be a combination of a few things at play here also to note sometimes we see this message with new Amex account holders and then 90 days later Amex see's the usage/history and the CLI request is then approved 

[Anonymous]

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@Anonymous wrote:

Do you always pay your Amex balances in full? Thats a big part of it. 

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Yup every month

[Anonymous]

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@myjourney wrote:

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@Anonymous wrote:

Greetings,

I recently went for at CLI with Amex and was denied for the following reasons:

The income you provided is insufficient relative to your overall debt obligations as reflected in our records or on your credit report.

Of all acounts what's your DTI?

Your recent payments are too low relative to your requested total line and your debt obligations with American Express.

Not using enough of the CL in there eyes so CL is sufficient in there opinion not mine ....Just the messenger don't shot Lol

Your sig says 19.5K limit

I have always payed my accounts in full and have an income of 98K. Also, My util is 7% wtih 88K available credit.

I do have a car loan owithabout 10k left.

Although 7% is not high combined with a high car note depending on what you put down .....rent or mortgage payment etc etc  

What exaclty does this denial mean? payments too low?

---

Could be a combination of a few things at play here also to note sometimes we see this message with new Amex account holders and then 90 days later Amex see's the usage/history and the CLI request is then approved 

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My Debt is about 15k and my income is 98k

I do only put $8.88 on the 19.5K card....a month

What amount do you think is adequate to be sufficient monthly use?

[UncleB]

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@Anonymous wrote:

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@myjourney wrote:

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@Anonymous wrote:

Greetings,

I recently went for at CLI with Amex and was denied for the following reasons:

The income you provided is insufficient relative to your overall debt obligations as reflected in our records or on your credit report.

Of all acounts what's your DTI?

Your recent payments are too low relative to your requested total line and your debt obligations with American Express.

Not using enough of the CL in there eyes so CL is sufficient in there opinion not mine ....Just the messenger don't shot Lol

Your sig says 19.5K limit

I have always payed my accounts in full and have an income of 98K. Also, My util is 7% wtih 88K available credit.

I do have a car loan owithabout 10k left.

Although 7% is not high combined with a high car note depending on what you put down .....rent or mortgage payment etc etc  

What exaclty does this denial mean? payments too low?

---

Could be a combination of a few things at play here also to note sometimes we see this message with new Amex account holders and then 90 days later Amex see's the usage/history and the CLI request is then approved 

---

My Debt is about 15k and my income is 98k

I do only put $8.88 on the 19.5K card....a month

What amount do you think is adequate to be sufficient monthly use?

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I think that's your problem... if you start using the card a bit more I believe you would have better luck.  At the moment, they don't see any need to increase your credit line since you're hardly using the line you already have.  Plus, all you're accustomed to paying is $8 a month... not exactly reassuring if you're asking for a credit line of $20k+.

Some companies will give CLIs even with little to no recent usage (Synchrony, Capital One, etc.) but Amex seems to be a bit more sensitive to this, at least with some folks.

It you were to start putting a few hundred a month on it, then PIF, that would demonstrate that if you were to actually use the card to revolve a balance, you're able to pay at least the minimum monthly payment. 

Just my 2¢

[Mattopotamus]

I really do not know why they would deny you unless it is soley the usage.  I only make 55K, utilization is around 2% since I spend around $1200 a month on my ED card.  They just upped my CL to 40k from 28k.  I requested 50k and they countered with the 40k.

[KSK1912]

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@Anonymous wrote:

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@myjourney wrote:

---

@Anonymous wrote:

Greetings,

I recently went for at CLI with Amex and was denied for the following reasons:

The income you provided is insufficient relative to your overall debt obligations as reflected in our records or on your credit report.

Of all acounts what's your DTI?

Your recent payments are too low relative to your requested total line and your debt obligations with American Express.

Not using enough of the CL in there eyes so CL is sufficient in there opinion not mine ....Just the messenger don't shot Lol

Your sig says 19.5K limit

I have always payed my accounts in full and have an income of 98K. Also, My util is 7% wtih 88K available credit.

I do have a car loan owithabout 10k left.

Although 7% is not high combined with a high car note depending on what you put down .....rent or mortgage payment etc etc  

What exaclty does this denial mean? payments too low?

---

Could be a combination of a few things at play here also to note sometimes we see this message with new Amex account holders and then 90 days later Amex see's the usage/history and the CLI request is then approved 

---

My Debt is about 15k and my income is 98k

I do only put $8.88 on the 19.5K card....a month

What amount do you think is adequate to be sufficient monthly use?

---

I have $1k limit on my new BCE and i put about $2K on it already in a little over a month. When you have a fixed$8.88/month spend on a $19K limit card, they know that obviously the card is SD'ed. Also consider the fact that the banks do not have unlimited sources. They have a certain amount of available credit at any given time and they sure would like to dispense it to people that will actually use the most of it so the bank can make some money, whether from the swipes / finance charges, and such.

[myjourney]

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@Anonymous wrote:

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@myjourney wrote:

---

@Anonymous wrote:

Greetings,

I recently went for at CLI with Amex and was denied for the following reasons:

The income you provided is insufficient relative to your overall debt obligations as reflected in our records or on your credit report.

Of all acounts what's your DTI?

Your recent payments are too low relative to your requested total line and your debt obligations with American Express.

Not using enough of the CL in there eyes so CL is sufficient in there opinion not mine ....Just the messenger don't shot Lol

Your sig says 19.5K limit

I have always payed my accounts in full and have an income of 98K. Also, My util is 7% wtih 88K available credit.

I do have a car loan owithabout 10k left.

Although 7% is not high combined with a high car note depending on what you put down .....rent or mortgage payment etc etc  

What exaclty does this denial mean? payments too low?

---

Could be a combination of a few things at play here also to note sometimes we see this message with new Amex account holders and then 90 days later Amex see's the usage/history and the CLI request is then approved 

---

My Debt is about 15k and my income is 98k

I do only put $8.88 on the 19.5K card....a month

What amount do you think is adequate to be sufficient monthly use?

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There's your red flag a 19.5k limit using less than $10.00 per month

You don't have to spend a bunch but they do expect to see some kind of love 

At the rate you're going you'll spend on the high side $120 per year....Really Lol

To be honest I wouldn't give you an increase and I don't think you would either...Lol

Just saying