AmEx >$25k CLI Data Point

[enharu]

the request for docs depends more on the individual itself and certainly doesn't seem to apply to everyone with >25k CLs.

I do know a couple people with initial CLs that are >25k or people who managed to get >25k CL eventually through CLIs, and none of them had to submit any tax docs. I'm guessing it really depends on the individual's income, plus whatever is inside that person's CR. If there's some derogs on file, Amex might be wary of extending such a high CL and may want tax docs to support the decision. Or it might have been due to some other reason that isn't in the account holder's favor at that point in time, such as many other new accounts opened recently, lots of recent inquiries, etc.

There's a few people on this forums who have posted in the past month or two that they have gotten CLI past 25k, and it was an instant decision with no tax documentation required. If I remember correctly, CS800 was one of those individuals.

Because Amex is one of the few companies that do notify customers of FR, many people seem to have the notion that Amex conducts FR all the time. Chase, Citi and Barclays pretty much do the same thing, except customers are not notified of the process. And even during a financial review there's really nothing much to worry about, assuming there's no fraud involved. FR does not automatically equate to AA. People who do get AA usually have bigger problems to worry about than the CLD or account closure.

[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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+1. I'm in total agreement. I was just trying to dispel the myth that you definitely receive an auto-FR when requesting any CL >=$25k. Perhaps it's an auto-FR when you're at >=$25k and then request a CLI, or perhaps it's entirely YMMV.

[Anonymous]

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@Anonymous wrote:

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?

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Not really. I charged ~$500 in the first month of opening the card to get the $400 statement credit (targeted offer). I didn't use the card at all for several months until they had some $10 off a $25 purchase at CPK offer I saw on FB; that was near the beginning of this year. That's all the usage I've had after having the card for almost a year.

[Dubious]

Being asked for proof of income when requesting a >25k line is NOT a FR. They are merely asking for POI and if you do not give it to them, you simply do not get a CLI. You can still use your accounts and move on with your life.

When you get a FR, it's usually for "random" reasons, i.e., you triggered something in their system by changing your spending patterns or something. When this happens, all of your accounts are frozen and you cannot use them. If you do not comply and provide tax info or if you do not pass their "test", your accounts are closed. 

I just wanted to clarify because there seems to be a lot of confusion about this in this thread. Esp. the poster above who gave the example of asking for 26k leading to FR. That's not how it works. If you don't give them POI in that scenario, you dont get a CLI and that's it. 

[Anonymous]

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@Dubious wrote:

Being asked for proof of income when requesting a >25k line is NOT a FR. They are merely asking for POI and if you do not give it to them, you simply do not get a CLI. You can still use your accounts and move on with your life.

When you get a FR, it's usually for "random" reasons, i.e., you triggered something in their system by changing your spending patterns or something. When this happens, all of your accounts are frozen and you cannot use them. If you do not comply and provide tax info or if you do not pass their "test", your accounts are closed. 

I just wanted to clarify because there seems to be a lot of confusion about this in this thread. Esp. the poster above who gave the example of asking for 26k leading to FR. That's not how it works. If you don't give them POI in that scenario, you dont get a CLI and that's it. 

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I know the difference, but I remember reading on here (and elsewhere) that people incurred full FRs, not just POI requests, for requesting CLs above $25k. Perhaps they all meant to say POI, not FR.

[shakalaka]

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@Anonymous wrote:

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@Dubious wrote:

Being asked for proof of income when requesting a >25k line is NOT a FR. They are merely asking for POI and if you do not give it to them, you simply do not get a CLI. You can still use your accounts and move on with your life.

When you get a FR, it's usually for "random" reasons, i.e., you triggered something in their system by changing your spending patterns or something. When this happens, all of your accounts are frozen and you cannot use them. If you do not comply and provide tax info or if you do not pass their "test", your accounts are closed. 

I just wanted to clarify because there seems to be a lot of confusion about this in this thread. Esp. the poster above who gave the example of asking for 26k leading to FR. That's not how it works. If you don't give them POI in that scenario, you dont get a CLI and that's it. 

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I know the difference, but I remember reading on here (and elsewhere) that people incurred full FRs, not just POI requests, for requesting CLs above $25k. Perhaps they all meant to say POI, not FR.

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Normally your accounts are not suspended, when they POI you for a CLI. So there is a difference. If a real FR is triggered there might have happended something in the past also.

Congrats for the CLI.

[CS800]

I went from $20K to $30K on my BCE over a month ago.

Did it on the automated phone system. It was instant. No issues so far

The Palladium doesnt report so it has no effect on the CL. My JPMP is at $45K for CL. I like the hidden tradeline since it doesn't affect my util.

[Anonymous]

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@shakalaka wrote:

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@Anonymous wrote:

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@Dubious wrote:

Being asked for proof of income when requesting a >25k line is NOT a FR. They are merely asking for POI and if you do not give it to them, you simply do not get a CLI. You can still use your accounts and move on with your life.

When you get a FR, it's usually for "random" reasons, i.e., you triggered something in their system by changing your spending patterns or something. When this happens, all of your accounts are frozen and you cannot use them. If you do not comply and provide tax info or if you do not pass their "test", your accounts are closed. 

I just wanted to clarify because there seems to be a lot of confusion about this in this thread. Esp. the poster above who gave the example of asking for 26k leading to FR. That's not how it works. If you don't give them POI in that scenario, you dont get a CLI and that's it. 

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I know the difference, but I remember reading on here (and elsewhere) that people incurred full FRs, not just POI requests, for requesting CLs above $25k. Perhaps they all meant to say POI, not FR.

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Normally your accounts are not suspended, when they POI you for a CLI. So there is a difference. If a real FR is triggered there might have happended something in the past also.

Congrats for the CLI.

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So either some people don't know the difference between a FR and POI, or some people get an auto-FR, others get an auto-POI, and others still get nothing when asking for a >$25k CL.

[Anonymous]

So we've had cases of < $25K to > 25K happening without a POI, and earlier threads had people going from > $25K to a larger limit without POI.  And we've also had cases of people being asked for POI when asking for increases below $25K

So unless there is a rule that applies only when your limit is exactly $25K (which seems unlikely indeed!) looks like we should add it to myth aka YMMV list.

[Anonymous]

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@Anonymous wrote:

So we've had cases of < $25K to > 25K happening without a POI, and earlier threads had people going from > $25K to a larger limit without POI.  And we've also had cases of people being asked for POI when asking for increases below $25K

So unless there is a rule that applies only when your limit is exactly $25K (which seems unlikely indeed!) looks like we should add it to myth aka YMMV list.

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Yup. /endthread