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Denied Amex credit limit increase, PA for Amex Plat

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Denied Amex credit limit increase, PA for Amex Plat

I was denied a credit limit increase on my Amex blue cash everyday card a few weeks ago, my limit is currently $500. I asked for a 5k increase. I’ve now been targeted for the 100k points platinum bonus. I got the card when my CS was in the mid 600s and CU was around 35%. CS is now in the mid 700s and CU is under 4 percent. Could the CL increase deny be because they’re hoping I apply for the platinum?
Message 1 of 9
8 REPLIES 8
Moderator

Re: Denied Amex credit limit increase, PA for Amex Plat

Deny has nothing to do with the platinum offering.. I speculate that your 500 CL was back when your scores were alot lower than they are today maybe in the 630-650 range and just squeaking in?  Possibly the case?  You might just be better off applying for a new revolver depending upon how long you have had that 500 card for also no way amex would give you the CLI you asked for the most you would of gotten is 1500 as 3x cli is the most they would give, but they would of countered you if they were comfortable with the 1500 amount.  You can try again in 91 days or once you get a CLI you can try every 181 days.  That applies across all their cards as they treat them all as one.

 

With regards to the platinum and you being targeted at 100k i am a bit suprised with that as that is a rare offer and if you value mr's i would be all over that if their is no life time bonus language in it or you never had that flavor of platinum before as believe you said you had a charles schwab before?  If you can digest the AF and value the benefits i would grab that.  

 

500 Amex's are hard to get to grow as they are kinda "bucketed" from what i have seen with Amex as stated that means you barely got approved.

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Message 2 of 9
Community Leader
Senior Contributor

Re: Denied Amex credit limit increase, PA for Amex Plat


@ncguy919 wrote:
I was denied a credit limit increase on my Amex blue cash everyday card a few weeks ago, my limit is currently $500. I asked for a 5k increase. I’ve now been targeted for the 100k points platinum bonus. I got the card when my CS was in the mid 600s and CU was around 35%. CS is now in the mid 700s and CU is under 4 percent. Could the CL increase deny be because they’re hoping I apply for the platinum?

Hi and welcome

 

What do you mean by targeted? What exactly did you get?

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|| AmX Cash Magnet $25K || NFCU CashRewards $20K || Macy's $20K || Discover IT $18.7K || NFCU CLOC $15K || NFCU Platinum $12.5K || AmX ED $11.5K || CitiCostco $7K || CitiDC $6.3K ||
Message 3 of 9
Valued Contributor

Re: Denied Amex credit limit increase, PA for Amex Plat


@ncguy919 wrote:
I was denied a credit limit increase on my Amex blue cash everyday card a few weeks ago, my limit is currently $500. I asked for a 5k increase. I’ve now been targeted for the 100k points platinum bonus. I got the card when my CS was in the mid 600s and CU was around 35%. CS is now in the mid 700s and CU is under 4 percent. Could the CL increase deny be because they’re hoping I apply for the platinum?

How long have you had the Amex BCE card?  Many times when an account is approved with only a $500 limit, is is placed in Amex's version of "credit steps" where you need to satisfy specific conditions before being granted a 2X CLI after 6 months.  Did you ever get an e-mail from American Express outlining the steps you need to take before they would give you a CLI?

 

The 100K Membership Rewards points offer for signing up for a Platinum card is not related to the denial.  More than anything else it occurred because you now have a much better credit report/rating than when you signed up for the BCE.





Message 4 of 9
Regular Contributor

Re: Denied Amex credit limit increase, PA for Amex Plat

I had the same card and limit when I got into AMEX. Took 6 months for me but I started getting preappovals for everything they had after that. Now I have the max 5 revolvers and one charge card. The sole BCE I initially got I hardly ever used I PCd to the Cash Magnet and still never use it. I only use my business cards. Amex increased the Magnet to a $1000 themselves I did not ask for it. So give it time. You will get a lot from them if you stick with it.
Message 5 of 9
New Member

Re: Denied Amex credit limit increase, PA for Amex Plat

The offer showed up when I used the CardMatch tool. I’ve had the card since 2016. I’ve had offers to upgrade to a different card show up in the app before, but never a CLI.
Message 6 of 9
Regular Contributor

Re: Denied Amex credit limit increase, PA for Amex Plat

Would the platinum fit your needs? That’s the biggest question.... IMHO a 500 af is a pretty big pill to swallow especially if there isn’t really a need for it. If there isn’t I’d look at another revolver and if you have a need for the platinum and don’t mind the fee that comes with it then it might be a good fit for you.

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Message 7 of 9
Established Contributor

Re: Denied Amex credit limit increase, PA for Amex Plat


@ncguy919 wrote:
I was denied a credit limit increase on my Amex blue cash everyday card a few weeks ago, my limit is currently $500. I asked for a 5k increase. I’ve now been targeted for the 100k points platinum bonus. I got the card when my CS was in the mid 600s and CU was around 35%. CS is now in the mid 700s and CU is under 4 percent. Could the CL increase deny be because they’re hoping I apply for the platinum?

You were denied because you can only get a CLI of $1000 with a CL of $500. Maybe pushed to $1500 if lucky.

Over $200,000 in credit across 12 cards.

FICO ranges from 791 -824 as of 07/26/2019
Message 8 of 9
Contributor

Re: Denied Amex credit limit increase, PA for Amex Plat

Something similar, I hit the LUV button a couple weeks ago for my Cash Magnet simply because I was in the allow window, and got a 7-10 day the letter for which I have yet to see. I have a $3k limit on it and a $10k on my BCE, and a Gold card,  and get this every time now on login. 

 

Screenshot 2019-09-17 12.25.15.png

Message 9 of 9
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