Amex Decreasing Unused Limits!

[blindambition]

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@HeavenOhio wrote:

@blindambition, how long have you had this card? What was your starting limit? Approximately when was your last CLI? What's the highest amount that you recall spending in any given month?

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Hey Heaven,

This is my only Amex. Opened 6/16 with a $10,000 limit. Increased to 15,700 at the 91 day mark. Haven’t tried for CLI since.

I’m disabled with 25,000 income between my SSD and LTD. I don’t have a car loan, since I’m blind. Live within means. If it can’t be paid within 2 months, it has to wait.

Largest month of spend was February last year, dental procedure that put $775 on card. I didn’t carry that balance.

[AverageJoesCredit]

Brutal i was going to mention your case in other thread before it was locked. Unfortunately there are so many factors involved that separate AJC from ABC, we'll never know. Use your credit cards, pay your bills, and let the chips fall where they may. One good reason to have lender diversity, never mind 100 credit cards, just have other options when one receives a cld not of their making.

[simplynoir]

I'm actually curious if this is going to be a trend from AMEX going forward what exactly do they look at. Does AMEX take the entire credit profile into consideration or is this on a card-by-card basis?

[CreditInspired]

Hi OP
Did you call AmX and ask for a reason for the CLD? If no, it may be a good idea to do so. Then please let us know their response. Thanks

[AverageJoesCredit]

Ahh, the good ol' pick up the phone and just ask routine . You clever Inspired Credita

[blindambition]

Hey Guys,

A happy ending with some info for others. Amex is doing what they call Right Sizing. There was what they consider minimal spend over the last 12 months.

The rep asked if I’m making any big purchases. I’m actually redoing my living room in a couple weeks. Told him YES, and what it is. He asked about my income. Restored me to $15,700.

Use your cards, they are reviewing. To what extent, we’ll see.

[HeavenOhio]

That's great news on the limit. And that's a great update from AMEX. What we now have to figure out is what they consider minimal spend.

[Shadowfactor]

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@blindambition wrote:

Hey Guys,

A happy ending with some info for others. Amex is doing what they call Right Sizing. There was what they consider minimal spend over the last 12 months.

The rep asked if I’m making any big purchases. I’m actually redoing my living room in a couple weeks. Told him YES, and what it is. He asked about my income. Restored me to $15,700.

Use your cards, they are reviewing. To what extent, we’ll see.

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Glad it worked out for you.

Interesting data point that is provided though on this topic. It makes sense with the increasing overall consumer debt and late payments. This very well may be a shift in how amex is limiting their exposure for certain clients that they "feel" arent justified in having large credit lines.

Honestly though I'm not really worried and it wont influence any decisions I make.

[blindambition]

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@Shadowfactor wrote:

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@blindambition wrote:

Hey Guys,

A happy ending with some info for others. Amex is doing what they call Right Sizing. There was what they consider minimal spend over the last 12 months.

The rep asked if I’m making any big purchases. I’m actually redoing my living room in a couple weeks. Told him YES, and what it is. He asked about my income. Restored me to $15,700.

Use your cards, they are reviewing. To what extent, we’ll see.

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Glad it worked out for you.

Interesting data point that is provided though on this topic. It makes sense with the increasing overall consumer debt and late payments. This very well may be a shift in how amex is limiting their exposure for certain clients that they "feel" arent justified in having large credit lines.

Honestly though I'm not really worried and it wont influence any decisions I make.

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Thanks! I agree. With recession looming, I don’t fault them. Risk assessment is to be expected. Even when you aren’t rocking the boat.

[CreditInspired]

Thanks a million OP for the update.

I’m really glad they’re using a 12-month period because I really spent heavily over the last 7-8 months but now it’s down to like maybe $200-300/month .

So spend is definitely something to keep in mind.

And congrats on the reinstatement of your CL. That’s awesome.