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today is the 7 year mark on my dc on my bk. I tried to get a cli on my bcp and I got Declined because of BK. Do I have to wait the full ten years to get a cli?
What's was your starting CL? Once I get past the automatic 5yr 1mo blacklist for BK7 not involving them, BCE or BCP would potentially be of interest to me.
@Zoostation1 wrote:What's was your starting CL? Once I get past the automatic 5yr 1mo blacklist for BK7 not involving them, BCE or BCP would potentially be of interest to me.
I started with a $1000 sl
@Ali_baba wrote:
@Zoostation1 wrote:What's was your starting CL? Once I get past the automatic 5yr 1mo blacklist for BK7 not involving them, BCE or BCP would potentially be of interest to me.
I started with a $1000 sl
How long have you had the account?
I don't think the BK is the reason for denial. Generally, when you get approved for an Amex revolver with a $1k SL, it means you barely got in and it can be a bit hard to grow it at first.
@Ali_baba wrote:today is the 7 year mark on my dc on my bk. I tried to get a cli on my bcp and I got Declined because of BK. Do I have to wait the full ten years to get a cli?
Pretty much yes you do. AmEX rarely gives a CLI on new cards with a BK still reporting. Once it's off that changes. I know this from experience.
@OmarGB9 wrote:
@Ali_baba wrote:
@Zoostation1 wrote:What's was your starting CL? Once I get past the automatic 5yr 1mo blacklist for BK7 not involving them, BCE or BCP would potentially be of interest to me.
I started with a $1000 sl
How long have you had the account?
I don't think the BK is the reason for denial. Generally, when you get approved for an Amex revolver with a $1k SL, it means you barely got in and it can be a bit hard to grow it at first.
The BK is actually very mucgh the reason they were denied a CLI and also the reason for the SL of $1K and "barely" getting in. While AmEx will let you in with a BK after 5.1 years they still use that to keep you on tight reins until it's no longer reporting. I know this first hand.
@bigseegar wrote:
@OmarGB9 wrote:
@Ali_baba wrote:
@Zoostation1 wrote:What's was your starting CL? Once I get past the automatic 5yr 1mo blacklist for BK7 not involving them, BCE or BCP would potentially be of interest to me.
I started with a $1000 sl
How long have you had the account?
I don't think the BK is the reason for denial. Generally, when you get approved for an Amex revolver with a $1k SL, it means you barely got in and it can be a bit hard to grow it at first.
The BK is actually very mucgh the reason they were denied a CLI and also the reason for the SL of $1K and "barely" getting in. While AmEx will let you in with a BK after 5.1 years they still use that to keep you on tight reins until it's no longer reporting. I know this first hand.
I stand corrected. I just figured they wouldn't let you in at all with a revolver with a BK still showing.
@OmarGB9 wrote:
@Ali_baba wrote:
@Zoostation1 wrote:What's was your starting CL? Once I get past the automatic 5yr 1mo blacklist for BK7 not involving them, BCE or BCP would potentially be of interest to me.
I started with a $1000 sl
How long have you had the account?
I don't think the BK is the reason for denial. Generally, when you get approved for an Amex revolver with a $1k SL, it means you barely got in and it can be a bit hard to grow it at first.
In July it will be two years
@Ali_baba wrote:
@OmarGB9 wrote:
@Ali_baba wrote:
@Zoostation1 wrote:What's was your starting CL? Once I get past the automatic 5yr 1mo blacklist for BK7 not involving them, BCE or BCP would potentially be of interest to me.
I started with a $1000 sl
How long have you had the account?
I don't think the BK is the reason for denial. Generally, when you get approved for an Amex revolver with a $1k SL, it means you barely got in and it can be a bit hard to grow it at first.
In July it will be two years
Yea the $1k approvals can be hard to grow, sometimes taking years. I'm in the same boat. I got approved for a BCP back in December, but only for $1k. Tried for a CLI at 61 and 91 days, no dice. Waiting until 181 days next month and then we'll see.
I had a BK showing and tried for years to get past the $1000 CL. Every denial stated "due to bankruptcy/derogatory credit report".
I think that's Amex's way of saying "we are trusting you with a small limit until that mark is removed". Several years ago Amex wouldn't even approve you with a derogatory mark, let alone a BK. They used to want spotless reports.
Once the BK fell off I had no problem getting increases.