AMEX Denied 3x CLI - Decision based on FICO Score

[TheFIGuy]

Just wanted to add some DP's:

• EX FICO 8 Score 710 (Via the Letter)
• My score has gone up since card approval with no new account (yet)
• Reason(s) for our Denial Decision
  • Your FICO Score

@AverageJoesCredit This is in response to the comment about me applying for the AMEX CLI too early. Looks like they just didn't like my FICO score. So here is to 6/months or 181/days of waiting...

[Loquat]

Amex can be interesting when it comes to CLIs. I've have a couple of cards that remain stuck after 2 years of holding them with decent spend.

If you don't mind me asking, what is your FICO score as shown by Amex?

[FinStar]

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@Loquat wrote:
Amex can be interesting when it comes to CLIs. I've have a couple of cards that remain stuck after 2 years of holding them with decent spend.

If you don't mind me asking, what is your FICO score as shown by Amex?

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In addition to what @Loquat mentioned above, what are the reasons listed in the AmEx FICO section associated with the score?

[Anonymous]

OP, you mention FICO9. I've always seen Amex to use version 8. Is this new or a typo? 

Amd with essentially an identical score, I got the same rejection reason. Good news is you only need to wait 91 days after a denial. The 181 days is after an approved CLI.

[KJinNC]

I would not advise taking most "reasons" you get too literally. It could be THE reason, or A reason, or it might have nothing to do with their decision. In cases where it doesn't seem to make sense, like this one, I would guess it's the latter.

If I recall correctly, when you are denied, you can try again in 91 days. It is only if approved that you have to wait 181 days, or six months.

fwiw, I have always been denied for Amex CLIs since I started trying last December. A couple of months ago, I got frustrated and applied several times in a couple of weeks, and they demanded tax transcripts, which I will not do. So, no CLI for me, ever, unless/until they forget about that demand, which I think they do more to hinder requests than because they actually think they need it. I have $33K plus of total CL and two charge cards, with reasonably heavy usage, a total current balance of $0 and a flawless payment history, so I am a bit skeptical that they are REALLY wondering if I have the income to cover my spend. To be fair, my profile is pretty weird.

[TheFIGuy]

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@Loquat wrote:
Amex can be interesting when it comes to CLIs. I've have a couple of cards that remain stuck after 2 years of holding them with decent spend.

If you don't mind me asking, what is your FICO score as shown by Amex?

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Sorry, AMEX FICO 8 Score is 710

[TheFIGuy]

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@FinStar wrote:

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@Loquat wrote:
Amex can be interesting when it comes to CLIs. I've have a couple of cards that remain stuck after 2 years of holding them with decent spend.

If you don't mind me asking, what is your FICO score as shown by Amex?

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In addition to what @Loquat mentioned above, what are the reasons listed in the AmEx FICO section associated with the score?

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1. Proportion of loan balances to loan amount is too high

2. Lenght of time accounts have been established

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

[TheFIGuy]

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@Anonymous wrote:

OP, you mention FICO9. I've always seen Amex to use version 8. Is this new or a typo? 

Amd with essentially an identical score, I got the same rejection reason. Good news is you only need to wait 91 days after a denial. The 181 days is after an approved CLI.

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This was a typo! AMEX EX FICO 8 - 710

Well, we're twins eh! That's awesome news, I'll readjust the calendar notifications.

[TheFIGuy]

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@KJinNC wrote:

I would not advise taking most "reasons" you get too literally. It could be THE reason, or A reason, or it might have nothing to do with their decision. In cases where it doesn't seem to make sense, like this one, I would guess it's the latter.

If I recall correctly, when you are denied, you can try again in 91 days. It is only if approved that you have to wait 181 days, or six months.

fwiw, I have always been denied for Amex CLIs since I started trying last December. A couple of months ago, I got frustrated and applied several times in a couple of weeks, and they demanded tax transcripts, which I will not do. So, no CLI for me, ever, unless/until they forget about that demand, which I think they do more to hinder requests than because they actually think they need it. I have $33K plus of total CL and two charge cards, with reasonably heavy usage, a total current balance of $0 and a flawless payment history, so I am a bit skeptical that they are REALLY wondering if I have the income to cover my spend. To be fair, my profile is pretty weird.

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Thank you for the sound advice! 91/days countdown starts 11/27/20

[HeavenOhio]

@TheFIGuy, what's your current limit? The reason I ask is that cards with a 1k limit or below are notoriously hard to budge. If you start out with even a hair higher than 1k, chances of receiving a CLI improve tremendously.

In the past, 700 has been enough to keep scores from getting in the way. But it seems like that number might be inching up recently.