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AMEX BCE Approved (disappointed in the limit)

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laboi_22
Established Contributor

AMEX BCE Approved (disappointed in the limit)

Hey myfico community. So over the weekend I decided to apply for the BCE. I was going to go for it in July, but since I had gardened properly and most inquiries fell off, and since I brought my UTL down earlier this year than expected, I decided what they hey. I got the 7-10 day message. First thing while in my Monday morning meeting a Utah number called my phone. Of course I excuse myself not knowing who that was. I was unable to speak to her at that time so I called back after the meeting. I was approved without any questions asked which I'm excited about. I was only approved for $2000 though. WOW I just thought I would get a more aggressive and higher limit. I plan to use this card for gas purchases only at this point and PIF each month. I want to make it my primary, but with a low limit, I'll wait until the 61 day CLI. Hopefully I'll get approved for it. I hear it's 3 times the CL. Is this true?

Current Scores: EX - 728 FICO (5/11/13) TU - 771 FICO (7/02/13) EQ ??

Current Cards: Chase Freedom $5,000, CSP $5,700, BofA Visa Signature $15,000, AMEX BCE $6,000, Walmart $4,150, Gap Visa $10,000, JC Penny $5,800, Lowes $8,500, Dillard's AMEX $8,000, AMEX Hilton HHonors - $2,000, Chase United $12,000, Citi AAdvantage & Simplicity $6,000/$6,000, SPG AMEX $1,000
Message 1 of 16
15 REPLIES 15
LS2982
Mega Contributor

Re: AMEX BCE Approved (disappointed in the limit)


@laboi_22 wrote:

Hey myfico community. So over the weekend I decided to apply for the BCE. I was going to go for it in July, but since I had gardened properly and most inquiries fell off, and since I brought my UTL down earlier this year than expected, I decided what they hey. I got the 7-10 day message. First thing while in my Monday morning meeting a Utah number called my phone. Of course I excuse myself not knowing who that was. I was unable to speak to her at that time so I called back after the meeting. I was approved without any questions asked which I'm excited about. I was only approved for $2000 though. WOW I just thought I would get a more aggressive and higher limit. I plan to use this card for gas purchases only at this point and PIF each month. I want to make it my primary, but with a low limit, I'll wait until the 61 day CLI. Hopefully I'll get approved for it. I hear it's 3 times the CL. Is this true?


CONGRATS on your approval!!!




EQ FICO 548 3/3/16
Message 2 of 16
laboi_22
Established Contributor

Re: AMEX BCE Approved (disappointed in the limit)

Thanks LS

Current Scores: EX - 728 FICO (5/11/13) TU - 771 FICO (7/02/13) EQ ??

Current Cards: Chase Freedom $5,000, CSP $5,700, BofA Visa Signature $15,000, AMEX BCE $6,000, Walmart $4,150, Gap Visa $10,000, JC Penny $5,800, Lowes $8,500, Dillard's AMEX $8,000, AMEX Hilton HHonors - $2,000, Chase United $12,000, Citi AAdvantage & Simplicity $6,000/$6,000, SPG AMEX $1,000
Message 3 of 16
Mailak
Frequent Contributor

Re: AMEX BCE Approved (disappointed in the limit)


@laboi_22 wrote:

Hey myfico community. So over the weekend I decided to apply for the BCE. I was going to go for it in July, but since I had gardened properly and most inquiries fell off, and since I brought my UTL down earlier this year than expected, I decided what they hey. I got the 7-10 day message. First thing while in my Monday morning meeting a Utah number called my phone. Of course I excuse myself not knowing who that was. I was unable to speak to her at that time so I called back after the meeting. I was approved without any questions asked which I'm excited about. I was only approved for $2000 though. WOW I just thought I would get a more aggressive and higher limit. I plan to use this card for gas purchases only at this point and PIF each month. I want to make it my primary, but with a low limit, I'll wait until the 61 day CLI. Hopefully I'll get approved for it. I hear it's 3 times the CL. Is this true?



I got $2K too for BCP. Congrats though Smiley Happy

PenFed Platinum Cash Rewards (19.5k), Amex BCE (9k), Chase Sapphire Reserve (30k), Chase Freedom Unlimited (14.5k), Chase Marriott Premier (19k), Discover More (10k)
Message 4 of 16
ajh5408
Contributor

Re: AMEX BCE Approved (disappointed in the limit)

The maximum AMEX soft-pull online/phone CLI is (as far as I know) three times your current limit. That has been my experience, anyway...

 

$2,000 isn't particularly out of step with a lot of the BCE limits being thrown out there though. Putting aside your BOA card, it seems to be about what you have across the board... If it got a manual review, it wouldn't surprise me that they would peg it right around whatever the applicant's mean/median limit is. That having been said, with a 720 and decent income, I don't think you'll have any issues jumping to $6,000 when the opportunity comes around.

 

Congrats!

Message 5 of 16
Mailak
Frequent Contributor

Re: AMEX BCE Approved (disappointed in the limit)


@ajh5408 wrote:

The maximum AMEX soft-pull online/phone CLI is (as far as I know) three times your current limit. That has been my experience, anyway...

 

$2,000 isn't particularly out of step with a lot of the BCE limits being thrown out there though. Putting aside your BOA card, it seems to be about what you have across the board... If it got a manual review, it wouldn't surprise me that they would peg it right around whatever the applicant's mean/median limit is. That having been said, with a 720 and decent income, I don't think you'll have any issues jumping to $6,000 when the opportunity comes around.

 

Congrats!


Mine was $300 - just one card Smiley Very Happy

PenFed Platinum Cash Rewards (19.5k), Amex BCE (9k), Chase Sapphire Reserve (30k), Chase Freedom Unlimited (14.5k), Chase Marriott Premier (19k), Discover More (10k)
Message 6 of 16
Crashem
Valued Contributor

Re: AMEX BCE Approved (disappointed in the limit)

Amex is weird with limits on your first credit card with them. Just wait for the 61 days to get the cli
               LIMITS IN CARD DESCRIPTIONS
Message 7 of 16
laboi_22
Established Contributor

Re: AMEX BCE Approved (disappointed in the limit)

Here's to hoping I'll do everything AMEX likes so that I can get a 61 day CLI to 6000!!!
Current Scores: EX - 728 FICO (5/11/13) TU - 771 FICO (7/02/13) EQ ??

Current Cards: Chase Freedom $5,000, CSP $5,700, BofA Visa Signature $15,000, AMEX BCE $6,000, Walmart $4,150, Gap Visa $10,000, JC Penny $5,800, Lowes $8,500, Dillard's AMEX $8,000, AMEX Hilton HHonors - $2,000, Chase United $12,000, Citi AAdvantage & Simplicity $6,000/$6,000, SPG AMEX $1,000
Message 8 of 16
Anonymous
Not applicable

Re: AMEX BCE Approved (disappointed in the limit)

That's not too terrible a limit, considering your other limits and the fact that you can ask for 3x your current limit after a mere 61 days.  Just ask for $6,000 then and see what happens.

Message 9 of 16
laboi_22
Established Contributor

Re: AMEX BCE Approved (disappointed in the limit)

Crossing fingers. Hoping it works.
Current Scores: EX - 728 FICO (5/11/13) TU - 771 FICO (7/02/13) EQ ??

Current Cards: Chase Freedom $5,000, CSP $5,700, BofA Visa Signature $15,000, AMEX BCE $6,000, Walmart $4,150, Gap Visa $10,000, JC Penny $5,800, Lowes $8,500, Dillard's AMEX $8,000, AMEX Hilton HHonors - $2,000, Chase United $12,000, Citi AAdvantage & Simplicity $6,000/$6,000, SPG AMEX $1,000
Message 10 of 16
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