Amex 61 day 3X CLI w/ Bankruptcy denied - Why?

[Anonymous]

I don't understand why I was denied my 61 day 3X CLI for my Amex BCP today because of my Chapter 7 bankruptcy 6 years ago.  Both are loans and lines of credit.  Why approve the card and not the CLI?  The reps that I spoke with on the phone could not answer my question. 

[Anonymous]

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@Anonymouswrote:

I don't understand why I was denied my 61 day 3X CLI for my Amex BCP today because of my Chapter 7 bankruptcy 6 years ago.  Both are loans and lines of credit.  Why approve one and not the other?  The reps that I spoke with on the phone could not answer my question. 

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I'm confused. You say BCP CLI was denied, what was approved?

[Anonymous]

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@Anonymouswrote:

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@Anonymouswrote:

I don't understand why I was denied my 61 day 3X CLI for my Amex BCP today because of my Chapter 7 bankruptcy 6 years ago.  Both are loans and lines of credit.  Why approve one and not the other?  The reps that I spoke with on the phone could not answer my question. 

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I'm confused. You say BCP CLI was denied, what was approved?

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The Amex BCP card.  I was approved for it 61 days ago.

[dragontears]

I would guess that while they are comfotable giving you the card with BK on your report, they are not comfortable giving you more than that at this point.

[chaos51]

Just because they approved you for a card, doesn't mean they are willing to give you more credit than that. Also, just because you got denied today, doesn't mean you'll get denied in 91 days. I was declined for my first CLI after my initial approval of $2k, but now I have a card at $30k with them, plus 2 more credit cards with them, a personal charge with $35k POT, and a business charge as well. Be patient.

**edited for clarity** I do not have a BK, nor ever have. I was denied for score, which was around 700.

[Anonymous]

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@chaos51wrote:

Just because they approved you for a card, doesn't mean they are willing to give you more credit than that. Also, just because you got denied today, doesn't mean you'll get denied in 91 days. I was declined for my first CLI after my initial approval of $2k, but now I have a card at $30k with them, plus 2 more credit cards with them, a personal charge with $35k POT, and a business charge as well. Be patient.

**edited for clarity** I do not have a BK, nor ever have. I was denied for score, which was around 700.

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They said the reason was the BK.  I reduced the amount from a $4000 increase to a $2500 increase and was denied again for the same reason.  As long as I have the BK on my reports, I cannot get a CLI.  So it will be 4 years before I can get a CLI.

[Anonymous]

Amex has just in recent years started allowing folks with a BK on their file to be approved for their cards. You used to have to wait until the BK was removed to be approved. They now allow folks with a BK over 5 years to be approved but they may make them wait a longer time to get a CLI. Maybe they want to see a certain amouunt of payment history before CLI since you've had a Bk in the past.

[CH-7-Mission-Accomplished]

Yeah, this is right.   With a BK, they will let you in but keep you on a short leash.   Chase does this too -- even if they have let somebody back in after years on the blacklist, every time you got for a CLI, they will bring it up and want to discuss it.   It's like you have been released from prison but you are on three years of probation.