AMEX Credit Line Decreased. Whats next?

hotGQ161 · ‎06-04-2015

I currently have five amex's CC (Blue Sky, Blue Cash Preffered, Gold, Mercedes Benz and Platinum delta) Two months ago i had my Blue Cash CLD from $14K to $8500 which was about $300 over my balance. My finances took a tumple because i change jobs and other financial issues. I just upgraded my Green to Gold and my Delta Gold to Platinum. ( maybe amex does not hate me that much because they just let me PC 2 cards. My question is..... should i expect more CLD or will i be able to get my CL back up after bringing down my balances? thanks guys.

Anonymous · ‎06-04-2015

Sorry to hear... Was there a reason for the CLD given? Have your balances on other cards increased also?

kdm31091 · ‎06-04-2015

It could be due to having several accounts with them. You may be above your maximum exposure...there's always an internal limit somewhere.

hotGQ161 · ‎06-04-2015

Yeah but i was so upset at the CLD and other things happening that i didnt ever read it. i have spoken to them few times but not about the CLD. yes they did but are back to normal now.

@Anonymous wrote:
Sorry to hear... Was there a reason for the CLD given? Have your balances on other cards increased also?

hotGQ161 · ‎06-04-2015

@kdm31091 wrote:
It could be due to having several accounts with them. You may be above your maximum exposure...there's always an internal limit somewhere.

Yeah. what really help me getting my first CL was making multiple payments per months. maybe that triggered something good on their system.

kdm31091 · ‎06-04-2015

Also, looking at your lineup, Amex makes up a huge chunk of your portfolio with little diversity. I'm sure this makes them somewhat nervous too. You are basically "all in" with them (so if you were to not pay your cards, they'd be taking the large majority of the hit).

Dw4250 · ‎06-04-2015

@hotGQ161 wrote:
I currently have five amex's CC (Blue Sky, Blue Cash Preffered, Gold, Mercedes Benz and Platinum delta) Two months ago i had my Blue Cash CLD from $14K to $8500 which was about $300 over my balance. My finances took a tumple because i change jobs and other financial issues. I just upgraded my Green to Gold and my Delta Gold to Platinum. ( maybe amex does not hate me that much because they just let me PC 2 cards. My question is..... should i expect more CLD or will i be able to get my CL back up after bringing down my balances? thanks guys.

Sorry this happened to you OP. Did your recent financial issues cause you to miss any payments on any account (not just AMEX)? CCC soft pull all of us on the reg, so if anything was late, that alone could cause a CLD.

Anonymous · ‎06-04-2015

@hotGQ161 wrote:
Yeah but i was so upset at the CLD and other things happening that i didnt ever read it. i have spoken to them few times but not about the CLD. yes they did but are back to normal now.

Ok.. Keep doing what you are doing now and don't apply for any more of their cards. Work on growing the current cards you have as their limits are very small compared to your large limit on Amex...

What are your scores, AAoA?

hotGQ161 · ‎06-04-2015

@kdm31091 wrote:
Also, looking at your lineup, Amex makes up a huge chunk of your portfolio with little diversity. I'm sure this makes them somewhat nervous too. You are basically "all in" with them (so if you were to not pay your cards, they'd be taking the large majority of the hit

Understanable but wont be the case. im proud of having my amex's and balances are coming down fast.

hotGQ161 · ‎06-04-2015

with Amex 1 month on 2 of my cards smh. i know but i had not choice.