I apologize in advance if this topic has been asked before, but I just wanted to get general advice on growing the AMEX BCE. When I was approved for the card, my SL was $1000 that was this March 21, 2017. On May 22nd I believe, I applied for a CLI and got a 7-10 day message. When I received the letter they sent me, they highlighted the following:
Negatives:
- Internal Risk score of 692 pulled from Experian on May 10th.
- Not enough history with American Express
- Short Credit History AAoA at the time of application 4 mos.
- Not to many accounts showing satisfactory credit management (lack of any other forms of credit like mortgage and or other personal loans.)
But when I compare these with my Experian report, the 3rd and 4th reason did not make any sense to me. My longest credit is 9 mos. old at the moment, decreased since adding AMEX and Discover last March.
Experian Negatives:
Length of Credit History
Experian Positives:
Payment History - Exceptional
Amount of Debt - Very Good, I always keep my Utilization at 3% to 5% max per month. I do this by just leaving small balances before the statement cuts
Credit Mix - Very good (This contrasts differently from what AMEX says that I do not have enough accounts that show satisfactory reports.
Amount of New Credit - Fair
I guess my question is, has anyone applied prematurely prior to the 90 days waiting period following a denial? I am personally waiting until Sept. before I try to request for a CLI again. Hopeful that I would get some success by then, because I do need it to help move my Fico scores up. But has anyone tried applying for a CLI and had been successful in getting one prior to the 90 days waiting period? Just curious.
