Amex auto CLIs

[red259]

I know you can apply for CLIs with amex, but do they also do auto cli's and if so how often? 

[myjourney]

Nope ....Nada....Zip

[Anonymous]

They seem to be fairly infrequent, though I may be wrong. It seems that these offers are usually extended to people who do not initiate for any CLIs on their own, so Amex takes the initiative instead.

[Creditaddict]

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@red259 wrote:

I know you can apply for CLIs with amex, but do they also do auto cli's and if so how often? 

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why wait when they are clear on the CLI policy and it's alway sp!

[Jamisonke]

I didn't think AMEX did either, but I just got one last month on my Costco TE card. Who knew?

[red259]

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@Creditaddict wrote:

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@red259 wrote:

I know you can apply for CLIs with amex, but do they also do auto cli's and if so how often? 

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why wait when they are clear on the CLI policy and it's alway sp!

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This is a good question. Here is one of my concerns. I just got the BCP card a 5.7k starting credit line. Obviously this credit line can grow fairly large if I get a CLi on the 61 day mark and six month mark. At some point down the line I would like to get the SPG card (probably august). I am a little concerned that if my BCP gets up around the 25k mark and then I apply for the spg card I may be at risk for a FR, which I don't really feel like submitting the tax documents for. I have read some posts that say this is not really an issue if you have less than 25k on two different cards, but I am worried about the overall culmative effect. I think I would prefer the larger credit line to be on the spg card, because when I switch over to it that would be my go to card and the bcp would only be used for grocery spend. Given my goals I am not sure if it would be smart to try to grow my bcp card to a high balance. I'm just speculating though and would appreciate any feedback from people who have experience with multiple amex revolvers.  

[Anonymous]

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@red259 wrote:

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@Creditaddict wrote:

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@red259 wrote:

I know you can apply for CLIs with amex, but do they also do auto cli's and if so how often? 

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why wait when they are clear on the CLI policy and it's alway sp!

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This is a good question. Here is one of my concerns. I just got the BCP card a 5.7k starting credit line. Obviously this credit line can grow fairly large if I get a CLi on the 61 day mark and six month mark. At some point down the line I would like to get the SPG card (probably august). I am a little concerned that if my BCP gets up around the 25k mark and then I apply for the spg card I may be at risk for a FR, which I don't really feel like submitting the tax documents for. I have read some posts that say this is not really an issue if you have less than 25k on two different cards, but I am worried about the overall culmative effect. I think I would prefer the larger credit line to be on the spg card, because when I switch over to it that would be my go to card and the bcp would only be used for grocery spend. Given my goals I am not sure if it would be smart to try to grow my bcp card to a high balance. I'm just speculating though and would appreciate any feedback from people who have experience with multiple amex revolvers.  

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Remember it's not a real FR, just a request for permission to get your tax returns.  If you decline, your cards remain open, they just don't process your CLI request.

But when I read your original question I guessed that was the case: if Amex can give you an auto CLI, you certainly won't be asked for your returns!

The one "case" I know is my daughter but maybe not quite an auto CLI.   She got approved for the BCE for $1K.   We then remembered she had been an AU on my BCP a whole year earlier, so she got her MSD updated.   Without comment, her replacement card came indicating an $8K limit.   So it's possible they rescored or something but we were surprised.   Later, due to lack of income, she was denied 61 day CLI, which was a reach anyway!

[Anonymous]

+1 to what longtimelurker said.

Also to remember, the 25k CL rule isn't true for all cases. There are people with 30k+ CLs whom have never been asked for any docs.

On the other hand, there are people whom were asked for tax docs even for a 1k to 3k CLI request.

And there's always a chance Amex may just want to do income verification. Any kind of account opening sprees or major changes to your credit report, including amassing a lot of CL over a short period of time through CLI requests, is more likely to trigger income verification for risk management purposes.

Its best to just assume you will eventually need to submit these documents. It's really no big deal in my opinion. People just blow things out of proportion and make it seem all bad, but it's really just signing a form and just sending it back. I don't see how it infringes / intrudes upon someone's privacy.

[Walt_K]

I have received an Auto CLI on my Amex SPG card, which took me from $25K to $27K.  That was some time ago.  I have three Amex revolvers totaling $50K across three cards.  I also have two Amex charge cards.  I have not been asked for tax documents when I have applied for new cards.

[Anonymous]

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enharu wrote:urposes.

Its best to just assume you will eventually need to submit these documents. It's really no big deal in my opinion. People just blow things out of proportion and make it seem all bad, but it's really just signing a form and just sending it back. I don't see how it infringes / intrudes upon someone's privacy.

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Oh, I think there are real valid privacy concerns, just for many people need to be balanced against the desire for a CLI or keeping the account.   The most obvious is where you are filing jointly.   Your spouse may have no relationship with Amex but now some information that at least includes him/her (income, capital gains etc on the return) and some unique to him/her (SSN) + names and SSN of dependents all go to Amex.

Now they may have some or all of it by other means anyway, but I think it is obvious that there can be at least questions about this practice!