AmEx >$25k CLI Data Point

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

In other words: $24k limit with CLI to $72k would not trigger an auto-FR. However, a $25k limit with a CLI to $30k would.

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I think it's probably more along the lines of your spending habits more than anything. The risk assessment should be based on past spending and repayment habits. If your charging atleast 3-4k a month on a card, and paying it back on time and not carrying large balances for a long time that should not warrent a FR. Now if your only charging $500 a month on average why would they give you a higher CLI beyond 25k? But in your case your limits greatly shows that others banks trust you a lot. So that should be enough imo.

Remember credit is just trust. and Trust is contagious, the more that trusts you the stronger the trust becomes with others.

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I should have mentioned this in the first post, but I have not even used this particular AmEx CC in over 4 months. This thread is more about debunking the apparent myth that any AmEx CLI to a limit >$25k triggers an FR. I really have no idea what goes into their CLI approval algorithms.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

In other words: $24k limit with CLI to $72k would not trigger an auto-FR. However, a $25k limit with a CLI to $30k would.

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I think it's probably more along the lines of your spending habits more than anything. The risk assessment should be based on past spending and repayment habits. If your charging atleast 3-4k a month on a card, and paying it back on time and not carrying large balances for a long time that should not warrent a FR. Now if your only charging $500 a month on average why would they give you a higher CLI beyond 25k? But in your case your limits greatly shows that others banks trust you a lot. So that should be enough imo.

Remember credit is just trust. and Trust is contagious, the more that trusts you the stronger the trust becomes with others.

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I should have mentioned this in the first post, but I have not even used this particular AmEx CC in over 4 months. This thread is more about debunking the apparent myth that any AmEx CLI to a limit >$25k triggers an FR. I really have no idea what goes into their CLI approval algorithms.

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I'm sure it's more of a YMMV thing, there's no real set rule, but even with little use you already have proven yourself to be a responsible person with very high limits. Would I ever FR you with that kind of credit portfolio? nope. If Donald Trump came to you to ask for some money to invest would you? most likely. Why? Because he's got great amount of business credit, even though he went nearly bankrupt many times, he was able to keep borrowing from others to get him back on his feet. Do I think I would get FR'd if I apply for over 25k? Most likely. Why? I mainly use my Chase Cards, and they all have under 10k  limits, and I only use my Starwood for a few purchases a month.

[youngandcreditwrthy]

This is so strange. Is your income super high too?
Sorry if that is a personal question. It could, however, determine a cli request outcome!
I just love how freakin' awesome Amex cls grow!!!

[Anonymous]

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@Creditaddict wrote:

I think this is just another one of those things with Amex that since we are so on top of it on this board you see just a couple posts and it becomes fact but in the end even the thousands of members or what ever Fico forum has we are an ant size population of Amex cardholders and clearly with amex offering I believe up to $250k on revolving credit cards and who knows on charge cards, I don't think $25k instantly means review or finances.... but it kind of just has been said by reps in past...

back when i managed my fathers optima that had $25k, I tried to go to $30k and it was instantly declined but then turned around and applied and opened a different card with $10k.... i think i only tried 2 over the years for the opima CLI over $25k and it was denied both times but never had issue adding 5 other revolvers with CL's up over $67k total and he was never FR.  I even spoke with credit department once who said the info they had was very outdated and certain things on credit but long history with them, etc. etc..... when the crash of 2009 happened he lost a lot of those CL's with amex but they never closed a card and they never FR'd.

I just have to say, I'm still jaw on floor over your 5 Chase cards even before counting Palladium... you got lots of eggs up in that bank!!! paying off clearly but who knew!

are you at a bit of a ceiling on the regular chase cards since they all seem to be at a nice even $25k or is that because you don't even ask and they focus all the attention to your Palladium??

sorry little off topic but very interested!

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I have my primary banking accounts (checking and savings) at J.P. Morgan and the bulk of my investment assets with them as well. That certainly played a role in my getting a Palladium card with a $100k limit, and I'm sure it helped with getting approved for the other Chase cards as well.

I intentionally chose the $25k limit for the Chase cards because I thought it was a nice even number.

[red259]

I think some CC companies agree to increase CLIs on cards you are not really using under the belief that you may be putting your spend on other high or higher limit credit cards that belong to other companies. I would think it would be a way to try to encourage the client to put his/her spending through their credit card company. I could be wrong though.

[Anonymous]

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@youngandcreditwrthy wrote:
This is so strange. Is your income super high too?
Sorry if that is a personal question. It could, however, determine a cli request outcome!
I just love how freakin' awesome Amex cls grow!!!

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Income is definitely a factor in getting approved for a CLI, but I'm not sure how it plays into auto-FRs immediately following a CLI increase, if at all.

Has anyone received an auto-FR for requesting a CLI above $25k when their starting limit was below $25k?

[Anonymous]

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@red259 wrote:

I think some CC companies agree to increase CLIs on cards you are not really using under the belief that you may be putting your spend on other high or higher limit credit cards that belong to other companies. I would think it would be a way to try to encourage the client to put his/her spending through their credit card company. I could be wrong though.

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That certainly makes logical sense. I was actually going to use this line of reasoning if AmEx did FR me and wanted a specific reason for the CLI.

[indiolatino61]

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@Anonymous wrote:

I had a mini OCD panic attack about a week ago when looking at my awkward AmEx CL of $22.5k. I decided to call in for a CLI since it's been well over 6 months since I've had one; I requested, and was instantly approved for $50k even (ahhh... makes my brain feel better).

I did NOT receive a FR in lieu of this CLI. There has been some debate about whether an AmEx FR comes from requesting a CL over $25k or from requesting any CLI when your CL is already >=$25k. So given my experience I'm guessing it's the latter, but as always, YMMV.

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Congrats...great job!

[Cdnewmanpac]

I'm too lazy to search threads, but there was a big round of discussions last summer. Someone went from 12k to 36k and got an "fr". Of course it wasn't a true fr, since it just said the CLI request would be cancelled if the form wasn't returned. There were several. "This happened to me" replies on that thread.

But even if it WAS an ABSOLUTE rule, there is nothing to say Amex couldn't change their rules. As I'm sure you know, models, policies and procedures are constantly evolving as new data is used to increase competitiveness. We can conclude from your experience that AS OF THIS MOMENT, a CLI request >25k will not AUTOMATICALLY trigger income verification for EVERYONE. Beyond that...

[Anonymous]

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@Cdnewmanpac wrote:
I'm too lazy to search threads, but there was a big round of discussions last summer. Someone went from 12k to 36k and got an "fr". Of course it wasn't a true fr, since it just said the CLI request would be cancelled if the form wasn't returned. There were several. "This happened to me" replies on that thread.

But even if it WAS an ABSOLUTE rule, there is nothing to say Amex couldn't change their rules. As I'm sure you know, models, policies and procedures are constantly evolving as new data is used to increase competitiveness. We can conclude from your experience that AS OF THIS MOMENT, a CLI request >25k will not AUTOMATICALLY trigger income verification for EVERYONE. Beyond that...

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Right, and certainly the $25K figure, even with an absolute rule, could change.

Thinking back to my experience last year: CL at $25K, requested $35K and got the tax form "request".   They didn't give me the full amount, citing account too new and too little spend, which they obviously knew before getting my tax return, so I guess this was pure income verification, not even used to decide to increase the limit.

I was using $1-2K each month.  Bribro, when you WERE using it, I assume your amounts were much higher?