Amex Bonvoy Brilliant CLI

[fleetfoot]

I've had the Amex Bonvoy Brilliant card for just over 2 years now.  Reading on this forum, I learned that I should have requested a credit limit increase on Day 61.  So, I tried today and got a request from Amex to access my banking accounts.  I complied with the request and entered my logon information for my bank.  Does anyone have any experience with this process?  Does their request indicate that they are going to deny the increase?  Any information about others' experience in this area would be helpful.  Thank you.

[DONZI]

I don't have any experience with the amex account access 'feature', but they do take more into consideration on applications than any of my other cards IIRC.. EG: they offer an option to include a simple net worth figure.

The account access seems similar, and maybe sort of an informal peek into that (net worth) realm -- sort of a confirmation.

In my case I sort of like that option being available more than the other possibilities, financial review or IRS access.

Maybe provide the original credit granted and CLI requested for the Bonvoy? Apparently the increase you're wanting is pushing on the boundary amex computed for your profile.

Basically, to me it seems they want to work with you but they're wanting to feel more comfortable complying with the new limit requested.

[fleetfoot]

Thank you DONZI.  My other concern is probably an unnecessary one.  I'm comcerned that Amex might actually decrease credit limits with the new information.  If they are looking for validation of income in my bank, they will not get the whole story as about a third of my income is not from salary based deposits into my bank account. I guess I'll continue to worry until I hear back from Amex. 

[fleetfoot]

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@DONZI wrote:

I don't have any experience with the amex account access 'feature', but they do take more into consideration on applications than any of my other cards IIRC.. EG: they offer an option to include a simple net worth figure.

The account access seems similar, and maybe sort of an informal peek into that (net worth) realm -- sort of a confirmation.

In my case I sort of like that option being available more than the other possibilities, financial review or IRS access.

Maybe provide the original credit granted and CLI requested for the Bonvoy? Apparently the increase you're wanting is pushing on the boundary amex computed for your profile.

Basically, to me it seems they want to work with you but they're wanting to feel more comfortable complying with the new limit requested.

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The original credit limit on the card is $12,400.  I requested an increase to $30,000, not the full 3x that I've learned is almost always granted at 61 days after account opening. Again, the card is 2 yrs, 1mo old. 

[DONZI]

I guess they want to evaluate your situation more before granting or countering your 2x+ CLI request.

Seems like a good thing basically.. not an instant denial.

[fleetfoot]

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@DONZI wrote:

I guess they want to evaluate your situation more before granting or countering your 2x+ CLI request.

Seems like a good thing basically.. not an instant denial.

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Thanks for your response.  I hadn't thought that Amex may be trying to approve my request or to counter my request with a lower CLI offer.  My thoughts automatically went to the worst case scenario.  Thanks for encouraging me to consider a more reasoned response to the request. 

[DONZI]

You're welcome.

I figure that their interest of your situation and additional time they're spending to review things is certainly hopeful.

They could have been lazy and countered significantly lower or denied outright.

I've a BCE (my first (closed) amex since 1991) that's just over 1yr old. It arrived with a 10k limit and I've yet to go for a CLI on it. I'm somewhat hesitant since I now have two amex charge cards and the BCE has some stiff cash back competition within my growing card lineup.

I suppose that I should give it a whirl though.. I'd be thrilled to get a 3x on the BCE, could help pave the way to getting some of my other credit cards bumped up past the 10k mark.

[cashorcharge]

Please keep us in the loop @fleetfoot if you proceed with the access requested and the outcome of your actions.  

Great advice @DONZI 

[fleetfoot]

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@cashorcharge wrote:

Please keep us in the loop @fleetfoot if you proceed with the access requested and the outcome of your actions.  

Great advice @DONZI 

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I will certainly let you know what happens.  I already gave Amex the requested information - my logon and pw for my bank.  I only gave it for one bank because I did not see how to add another bank.  The access I provided Amex will not show all of my income because of that.  We will see what happens next.  Their original request said  that after review, I would receive their decision by USMail. 

[fleetfoot]

I requested the CLI primarily to reduce my utilization rate, although it is not terribly high at this point 14%.  I also recently applied for the Chase Freedom Flex for its BT offer for 15 mos. I received word that I was approved and that the transfer is being scheduled, but I am yet to receive the card or see the payment.