WOAH Amex :)

[JaeJae12]

Here's something interesting, so I had asked my fiancé to app for the Amex everyday card (I get $50 for referral lol), and surprisingly Amex gave her a starting CL of $10K!, I mean what???? The only other card she has is a freedom with a 2k limit -.- lol

[Anonymous]

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@JaeJae12 wrote:
Here's something interesting, so I had asked my fiancé to app for the Amex everyday card (I get $50 for referral lol), and surprisingly Amex gave her a starting CL of $10K!, I mean what???? The only other card she has is a freedom with a 2k limit -.- lol

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Wow.. Nice.  Congrats to her...  That is a nice limit.

[Membersince2013]

Congrats! Shes not an AU on any of your accounts, is she?

[JaeJae12]

Nope

[Anonymous]

Congrats! Same thing happened to me back in November. In January I requested a CLI for $25k and was instantly approved as well. Go for it after 60 days!

[Anonymous]

The increasing anecdotal evidence seems to indicate that Amex has loosened underwriting standards.

[CreditCuriosity]

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@Anonymous wrote:

The increasing anecdotal evidence seems to indicate that Amex has loosened underwriting standards.

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I would agree with this... They need new customers and I believe they are diversifying and playing a bit more risky than they use to be..

[JaeJae12]

You think income played a factor as well?, she makes well above 6figs at a top law firm in NYC, what's funny was that she had gotten a call from a Amex manager before she was approved to ask some verification questions, then the next day she got an email saying she was rushed approved.

[newhis]

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@JaeJae12 wrote:
Here's something interesting, so I had asked my fiancé to app for the Amex everyday card (I get $50 for referral lol), and surprisingly Amex gave her a starting CL of $10K!, I mean what???? The only other card she has is a freedom with a 2k limit -.- lol

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Congrats

Even if she can ask for a CLI at activation or after X days, I will say that is better to wait when she has more cards. It will look odd that she has a 2k card and another at 25k. 

How old is the Freedom? I think she can wait a few months after the Amex with 10k reports and she will not have problems to get a new card with Chase with a better limit. Then she can transfer some of that to the Freedom, maybe take it over 5k and ask for the Visa Signature version.

[newhis]

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@JaeJae12 wrote:
You think income played a factor as well?, she makes well above 6figs at a top law firm in NYC, what's funny was that she had gotten a call from a Amex manager before she was approved to ask some verification questions, then the next day she got an email saying she was rushed approved.

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Well if the income is 'well above 6fgs' she has a nice oportunity to get great cards with great limits. But as I said, don't apply for too many cards at this point (only the 2k Freedom reporting), some other lenders look more at the reports. I guess Amex looked more at income.