Sorry to hear OP. I just got my letter from Amex denying my CLI, reason:
Your requested American Express credit limits are too high
Go figure. I asked for increase on my one of my BCP cards ($4,100 to $12,300). With this reasoning, I would have thought they would have countered with something. Looks like not.
(Formerly known as: Credit is my hobby (1.7M)/TCL objective)
@renclan wrote:
@myjourney wrote:
@renclan 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.
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?
I've been able to get my cli's from Amex while carrying a balance each time. My income is lower than yours too. Although, I make large payments every week (10 times the minimum monthly), but never pay in full. It is my main card, so they get a ton of swipes from me. I always get the 50% bonus on my Everyday Preferred. Sometimes, I think they just give some random excuses. Do you use the card a lot and how big are your payments?
Less than $10 a month Lol you didn't read the thread
I was responding to the original post. If I sat down and read every single post in a thread before I answered the original post, I would not have a life. LOL Calm down.
I ALWAYS read much, MUCH more than I post. I have no life. sigh....
@12njoy wrote:Sorry to hear OP. I just got my letter from Amex denying my CLI, reason:
Your requested American Express credit limits are too high
Go figure. I asked for increase on my one of my BCP cards ($4,100 to $12,300). With this reasoning, I would have thought they would have countered with something. Looks like not.
I've received that denial before and thought the same as you -- if it were "too high" then counter. Wonder if you could request again, provided this was the reasoning.
⋅ INQs: 6
@Ysettle4 wrote:
@12njoy wrote:Sorry to hear OP. I just got my letter from Amex denying my CLI, reason:
Your requested American Express credit limits are too high
Go figure. I asked for increase on my one of my BCP cards ($4,100 to $12,300). With this reasoning, I would have thought they would have countered with something. Looks like not.
I've received that denial before and thought the same as you -- if it were "too high" then counter. Wonder if you could request again, provided this was the reasoning.
I actually did request again because I found out they had my income listed as $11,500 instead of $115,000. They sent me a letter saying they were abiding by there original decision. I thought I was submitting a new request but apparently not based on the letter.