Amex slashes CL on existing card with new app ?

lg8302ch · ‎12-06-2015

Hi

I just logged into my Amex account and noticed my CL slashed from 25K to 14K ...not sure if that happened with my new SPG app where I do not know the CL yet.

Is this normal? I mean I can easily live with 14K on BCE... now I wonder what CL I will get on SPG ... any way to check CL without calling ?

Anonymous · ‎12-06-2015

You should be able to add the card to your existing account from your approval email and then be able to see your CL. Strange still that they would slash your existing limit and add it to the SPG without talking to you first.

lg8302ch · ‎12-06-2015

Thanks Irish. I have not yet received the approval email yet and also did not option for the temporary account number at the approval. But I just checked my latest Experian report and the CL on the Amex BCE was 25K at the last reporting. Todays HP is also visible so it hopefully has something to do with the new SPG app. Now I hope the SPG limit is not 1K. I guess I will need to wait to solve that mystery if I do not want to call Amex.

lg8302ch · ‎12-06-2015

My curiosity got over me so I did a little chat with Amex and it looks that the CL of the BCE indeed got cut to open the SPG. According to chat rep BCE from 25K to 14K and 11K used to open SPG. Looks that 25K is the total limit for me with Amex. Amex could have done so with a SP as no new credit with this action ...lol.. jkd

myjourney · ‎12-06-2015

@lg8302ch wrote:
Hi
I just logged into my Amex account and noticed my CL slashed from 25K to 14K ...not sure if that happened with my new SPG app where I do not know the CL yet.
Is this normal? I mean I can easily live with 14K on BCE... now I wonder what CL I will get on SPG ... any way to check CL without calling ?

Wow sorry to hear

This is really strange as Amex usually allows the shifting of limits per your request to open new accounts

But gald it worked in your favor

Congrats on the SPG

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?

myjourney · ‎12-06-2015

@lg8302ch wrote:
My curiosity got over me so I did a little chat with Amex and it looks that the CL of the BCE indeed got cut to open the SPG. According to chat rep BCE from 25K to 14K and 11K used to open SPG. Looks that 25K is the total limit for me with Amex. Amex could have done so with a SP as no new credit with this action ...lol.. jkd

Lol yeah they started backdating today too ...Lol Sike

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?

ScoreOrBeScored · ‎12-06-2015

congrats on your approval and sorry about you Limit slash to open new card.

what is your usage with amex ?

whats your payments like ?

what are you scores ?

whats your income listed on the app ?

lg8302ch · ‎12-06-2015

@ScoreOrBeScored wrote:
congrats on your approval and sorry about you Limit slash to open new card.

what is your usage with amex ? BCE very low because I have cards with better rewards
whats your payments like ? pay in full on Amex, 2 cards with carry balances due 0% offers, 7 accounts with reported balances and 5 % util
what are you scores ? EX Fico was 780 today
whats your income listed on the app ? 65K (same as for the 25K CLI)

No big deal about the slash of CL as I do not need a 25K CL but I find it very interesting that I did not get a single $ more in CL from Amex for a new card app. Chase and Barclays were way more generous than Amex

NRB525 · ‎12-06-2015

@lg8302ch wrote:
My curiosity got over me so I did a little chat with Amex and it looks that the CL of the BCE indeed got cut to open the SPG. According to chat rep BCE from 25K to 14K and 11K used to open SPG. Looks that 25K is the total limit for me with Amex. Amex could have done so with a SP as no new credit with this action ...lol.. jkd

Congratulations on the SPG.

I'm guessing they took a look at your spend rate on the BCE and determined that you aren't going to be using $25k any time soon, so just get to the good stuff and move $11k over to the SPG.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765

lg8302ch · ‎12-06-2015

@NRB525 wrote:
@lg8302ch wrote:
My curiosity got over me so I did a little chat with Amex and it looks that the CL of the BCE indeed got cut to open the SPG. According to chat rep BCE from 25K to 14K and 11K used to open SPG. Looks that 25K is the total limit for me with Amex. Amex could have done so with a SP as no new credit with this action ...lol.. jkd
Congratulations on the SPG.
I'm guessing they took a look at your spend rate on the BCE and determined that you aren't going to be using $25k any time soon, so just get to the good stuff and move $11k over to the SPG.

Thanks..... It was a really interesing instant approval online .. 60seconds as advertised and 25K limit on BCE reduced immediately to 14K when I logged in So the computer can do this automatically it looks ..lol.. SPG will definitely see more use as BCE ... Amex heard my comment of travel cards with FTF and removed the FTF now