AMEX - CLI request met with 4506

[Anonymous]

I'll give background first:

Amex Plat - 4/2015

Amex Delta Plat - 1/2015 - initial CL $3,100, today $9,300

Amex BCP - 1/2016 - initial CL $11,000, today $25,000

Last EXP HP - 8/2016 Chase CSR

Current EXP FICO - 739

Util - 2%

So I hit up an AMEX CSR via chat and asked if I had gone long enough to request a CLI and the CSR said I had and was able to request one.  So cool and I end the chat and go to request my Delta card to go from $9,300 to $25,000.  Was met with income verification page for the 4506 so cancelled that out.  Made a request after for $20,000 and again met with the 4506 request so I cancelled. 

So my question is does this mean I have hit an internal limit until I submit a 4506?  Are there any success stories submitting pay stubs and W2's?  I'm not here to have the argument over why one should submit the 4506 or not because I just accept that "it is what it is".  Also, before anyone hits the "its their rules and comply or else...." is 100% right and I'm not bitching or complaining here, just purely curious how others view this particular situation.

It's rather funny looking back 2 years ago this month I would never have dreamed then that 2 years down the road I'd have a CC with a limit of $9,300 and that would be my lowest limit of all the cards I have, lol.

[NRB525]

Yes, I'd say it's an internal limit, somwhere above the current $25k + $9k you have. If you tried for $11,000 as a new limit for the Delta card, it might go through with no verification, but in your request you are getting to $40k total, plus the charger as limits.

I doubt they will accept anything other than the 4506T. The 4506T gets them a document that you have signed in blood that it is true. A paystub is just a piece of paper with random notes on it, doesn't really tell them anything.

[Anonymous]

I agree with the other poster. You have a choice to make whether or not you are willing to undergo a full exam for a CLI. Personally I refuse to provide this information, and find any lender requesting it not worthy of my business. But if you are attached to Amex then you should be fine as long as income is the same.

[Anonymous]

---

@Anonymous wrote:

I agree with the other poster. You have a choice to make whether or not you are willing to undergo a full exam for a CLI. Personally I refuse to provide this information, and find any lender requesting it not worthy of my business. But if you are attached to Amex then you should be fine as long as income is the same.

---

I have no sentiment for Amex and this card is one I only use every third month or so (I didn't note this above because I didn't think that would have any impact on whether they wanted a 4506 or not).  For the simplicity of management I may just pay the bill, ask them to move the CL to my BCP and close the card.  One less card to manage and it will never become part of my rotation of daily spenders.

I don't care who the lender is, asking for a 4506 for a CC product is not something I will ever do.

[azguy13]

Out of curiosity, why would you two never provide a 4506T for a higher CL? A bank issuing you a credit limit is them essentially issuing you a loan that is completely unsecured. All they are doing is making sure they make a sound financial choice. 

I completely understand if it is a privacy issue but by no means is it absurd for them to protect themselves by way of a 4506T when considering lending $25,000 + of unsecured money. 

[Anonymous]

---

@azguy13 wrote:

Out of curiosity, why would you two never provide a 4506T for a higher CL? A bank issuing you a credit limit is them essentially issuing you a loan that is completely unsecured. All they are doing is making sure they make a sound financial choice. 

I completely understand if it is a privacy issue but by no means is it absurd for them to protect themselves by way of a 4506T when considering lending $25,000 + of unsecured money. 

---

They have the right to verify income for sure.  There are other reliable ways that are far less invasive. 

[austinguy907]

You've hit the internal limit of $34.5K w/o a 4506 whcih is why you're seeing it. I know people tend to say there's no such thing but, your numbers line up perfectly with what others have experienced.  I ran into the 4506 request when going above 30K which didicn't even require one from the fabeled $25K or else threads.  It's a painless process now with it all online and DocuSign the form and hit submit.  It took them 3 days to send it, get it back, review it, and approve it.  While I wouldn't do the same for most other "banks" AMEX does their own processing and it paid off well with another $20K in CL.

[Anonymous]

---

@austinguy907 wrote:

You've hit the internal limit of $34.5K w/o a 4506 whcih is why you're seeing it. I know people tend to say there's no such thing but, your numbers line up perfectly with what others have experienced.  I ran into the 4506 request when going above 30K which didicn't even require one from the fabeled $25K or else threads.  It's a painless process now with it all online and DocuSign the form and hit submit.  It took them 3 days to send it, get it back, review it, and approve it.  While I wouldn't do the same for most other "banks" AMEX does their own processing and it paid off well with another $20K in CL.

---

Excellent catch on the 34.5K and I should have considered that and did not.  There is no bank I am going to submit a 4506 for a CLI but glad it worked out for you.

[austinguy907]

I guess the alternative would be spending more time getting to know each other and propose again in 6 months to see if they say yes.  There have been instances of long term relationships with AMEX resulting in higher than the $34.5K barrier w/o the 4506.  I think it prompts for it on newer accounts due to our rush to expand on our success of growing that limit like Bamboo.  For being a conservative PITA at times they sure do make it hard to resist the growth potential once you're in.

[Anonymous]

---

@austinguy907 wrote:

I guess the alternative would be spending more time getting to know each other and propose again in 6 months to see if they say yes.  There have been instances of long term relationships with AMEX resulting in higher than the $34.5K barrier w/o the 4506.  I think it prompts for it on newer accounts due to our rush to expand on our success of growing that limit like Bamboo.  For being a conservative PITA at times they sure do make it hard to resist the growth potential once you're in.

---

Very interesting observation and certainly I need to give that scenario some thought. This month marks me at 2 years with Amex.