Amex Account Health/Status Question

[Tomew2000]

I’ve been told that they can adjust every 6 months?  Anyone have solid info on this? Is there anyway to know in advance if they’re looking at your account?

[Anonymous]

You can request a CLI every six months. But, are you asking if they initiate a reveiw, possible CLD, every six months?

[Anonymous]

https://ficoforums.myfico.com/t5/Credit-Card-Applications/The-Definitive-Amex-3X-CLI-Guide/m-p/18110...

Read the first 10 pages to learn how everything work and timeline, then read the last 10 pages for recent data point and changes.

[Tomew2000]

I’m not talking about a formal financial review. Some times they will lower your limit without one. I’m wondering about that. I’ve had it happen 4 times over the past 6-7 years. I’m wondering what triggers it

[Anonymous]

Ok, I thought you were talking about CLIs my bad.

Amex is known to CLD or balance chase when you carry high balance for a long period of time while paying only the minimum, this is why it's often recommended on this board to always pay more than the minimum payment. Amex will also CLD if you run the high balance on your other cards.

[Tomew2000]

Any idea how often they can do that?

[Anonymous]

I have never heard of such time constraint, if the risky behavior continues, they reserve the rights to change the terms or even close the account with balance. Are there reasons why you think they're looking at you? Are you being balance chased?

[Tomew2000]

I’ve been in the past, as I mentioned.   They put me under financial review in March.  Things been fine since then, but the 6 month mark is coming up 

[Anonymous]

It's all based on your credit profile.  If you were hit with FR in March, it was because your profile in March prompted it.  The question then is how does your profile look today relative to it last March?  If it has improved, no bubbles no troubles and I think you have little to worry about.  If it's worse, that's not a good thing.  If it's the same, I'd actually consider that "worse" in the eyes of Amex as if it was in a place 6 months ago to prompt FR, if you're still in the same place today it means you've been there for 6 months, which isn't a favorable sign.

[iv]

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@Tomew2000 wrote:

Any idea how often they can do that?

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They can CLD you as often as they wish... but it would likely only happen when your account activity raises a red flag to them, or when they do a monthly AR credit pull and don't like what they see there.