Its been 182 days since my last CLI with my BCP, so I'm going to hit the luv button. Is there any harm in asking for more than 3x? Am I more likely to get a denial if I get too greedy, or will they just counter with the 3x and that will be that? I sort of want to take a shot for over 3x to see what happens, but not if there is any logical reason against it.
Edit: My siggy is correct, current income $235K, I'm good with any income verification needed.
Edit 2: Have a buddy with a BCP @ $3k right now, hes going to ask for $12k, which his spend and profile can more than support. I'll see what happens there, on the off chance he gets it, I'll try for the 4x and see what happens. I know it's not the same, but I'll take it as a sign from the universe.
TIA!
@SDMarik wrote:Its been 182 days since my last CLI with my BCP, so I'm going to hit the luv button. Is there any harm in asking for more than 3x? Am I more likely to get a denial if I get too greedy, or will they just counter with the 3x and that will be that? I sort of want to take a shot for over 3x to see what happens, but not if there is any logical reason against it.
Edit: My siggy is correct, current income $235K, I'm good with any income verification needed.
TIA!
To get 45K, income verification is usually the case and you should be good! I'll say go for it. 👍
@CYBERSAM wrote:
@SDMarik wrote:Its been 182 days since my last CLI with my BCP, so I'm going to hit the luv button. Is there any harm in asking for more than 3x? Am I more likely to get a denial if I get too greedy, or will they just counter with the 3x and that will be that? I sort of want to take a shot for over 3x to see what happens, but not if there is any logical reason against it.
Edit: My siggy is correct, current income $235K, I'm good with any income verification needed.
TIA!
To get 45K, income verification is usually the case and you should be good! I'll say go for it. 👍
Yeah, im totally fine with that. I just wasn't sure if there would be any logical reason it would be against my best interest to try for $50k+, for science. If the worst case is they counter with 3x, that's cool. I just don't want to raise any red flags.
My income is close to yours, and when I requested the 3x CLI, they gave me 2x CLI, and I submitted the requested information and they approved the remaining 15k. It took them about a week to do that.
@coldfusion wrote:There's no specific known threshold that guarantees they'll be looking for POI so if you have no problem with approving a 4506-T request allowing them to peek at your last 2 years of tax returns IMO you may as well ask for what you want. Even a refusal to authorize doesn't trigger AA beyond an expected denial of the request and potentially future 4506-T requests if you ever request more credit from them.
I went for 3x, got everything ready for POI if needed, they countered at $37,500. Didn't even ask for POI for the $45k. I'm not totally surprised, based on my spend there is no aparant reason for me to need a $45k limit. I'll ramp up some spend and shoot my shot again in 6 months 
@SDMarik wrote:
@coldfusion wrote:There's no specific known threshold that guarantees they'll be looking for POI so if you have no problem with approving a 4506-T request allowing them to peek at your last 2 years of tax returns IMO you may as well ask for what you want. Even a refusal to authorize doesn't trigger AA beyond an expected denial of the request and potentially future 4506-T requests if you ever request more credit from them.
I went for 3x, got everything ready for POI if needed, they countered at $37,500. Didn't even ask for POI for the $45k. I'm not totally surprised, based on my spend there is no aparant reason for me to need a $45k limit. I'll ramp up some spend and shoot my shot again in 6 months
Very cool and congrats! But I'm a tad lost lol. Did you go for more than the 3X like you ask about and they countered with that $37.5K or was that amount 3X and all you ask for. I ask because I'm a big fan of science lol.
@bigseegar wrote:
@SDMarik wrote:
@coldfusion wrote:There's no specific known threshold that guarantees they'll be looking for POI so if you have no problem with approving a 4506-T request allowing them to peek at your last 2 years of tax returns IMO you may as well ask for what you want. Even a refusal to authorize doesn't trigger AA beyond an expected denial of the request and potentially future 4506-T requests if you ever request more credit from them.
I went for 3x, got everything ready for POI if needed, they countered at $37,500. Didn't even ask for POI for the $45k. I'm not totally surprised, based on my spend there is no aparant reason for me to need a $45k limit. I'll ramp up some spend and shoot my shot again in 6 months
Very cool and congrats! But I'm a tad lost lol. Did you go for more than the 3X like you ask about and they countered with that $37.5K or was that amount 3X and all you ask for. I ask because I'm a big fan of science lol.
Haha, sorry for the ambiguity. I wound up going for the 3X, and they countered with the $37,500.
@SDMarik wrote:
@bigseegar wrote:
@SDMarik wrote:
@coldfusion wrote:There's no specific known threshold that guarantees they'll be looking for POI so if you have no problem with approving a 4506-T request allowing them to peek at your last 2 years of tax returns IMO you may as well ask for what you want. Even a refusal to authorize doesn't trigger AA beyond an expected denial of the request and potentially future 4506-T requests if you ever request more credit from them.
I went for 3x, got everything ready for POI if needed, they countered at $37,500. Didn't even ask for POI for the $45k. I'm not totally surprised, based on my spend there is no aparant reason for me to need a $45k limit. I'll ramp up some spend and shoot my shot again in 6 months
Very cool and congrats! But I'm a tad lost lol. Did you go for more than the 3X like you ask about and they countered with that $37.5K or was that amount 3X and all you ask for. I ask because I'm a big fan of science lol.
Haha, sorry for the ambiguity. I wound up going for the 3X, and they countered with the $37,500.
I think OP was at $15k, asked for 3x which was $45k, and Amex countered with $37.5k, but didn't offer to approve the additional $7.5k with POI to reach the $45k requested.
Is that right, @SDMarik?
@OmarGB9 wrote:
@SDMarik wrote:
@bigseegar wrote:
@SDMarik wrote:
@coldfusion wrote:There's no specific known threshold that guarantees they'll be looking for POI so if you have no problem with approving a 4506-T request allowing them to peek at your last 2 years of tax returns IMO you may as well ask for what you want. Even a refusal to authorize doesn't trigger AA beyond an expected denial of the request and potentially future 4506-T requests if you ever request more credit from them.
I went for 3x, got everything ready for POI if needed, they countered at $37,500. Didn't even ask for POI for the $45k. I'm not totally surprised, based on my spend there is no aparant reason for me to need a $45k limit. I'll ramp up some spend and shoot my shot again in 6 months
Very cool and congrats! But I'm a tad lost lol. Did you go for more than the 3X like you ask about and they countered with that $37.5K or was that amount 3X and all you ask for. I ask because I'm a big fan of science lol.
Haha, sorry for the ambiguity. I wound up going for the 3X, and they countered with the $37,500.
I think OP was at $15k, asked for 3x which was $45k, and Amex countered with $37.5k, but didn't offer to approve the additional $7.5k with POI to reach the $45k requested.
Is that right, @SDMarik?
Yes, that is correct. I asked for 3x figuring I would provide POI if needed for the $45k, they didnt even give me the option, just approved me for $37,500.