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Amex pre Approval says starting credit limit up too $1000 ??

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Regular Contributor

Amex pre Approval says starting credit limit up too $1000 ??

was sent a Amex pre approval for their everyday card ,in the offer it said starting limit up 1k ? i thought this was not only kinda low but odd they would tell you a starting limit... i currently do not have any amex products,, is this normal for Amex or is this just a generic pre app offer ?

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Moderator

Re: Amex pre Approval says starting credit limit up too $1000 ??


@heavylifter wrote:

was sent a Amex pre approval for their everyday card ,in the offer it said starting limit up 1k ? i thought this was not only kinda low but odd they would tell you a starting limit... i currently do not have any amex products,, is this normal for Amex or is this just a generic pre app offer ?


That's a reflection on how much they view you as a risk in terms of borrowing 

 

So, not generic, but an overall picture of how your profile appears to them at this time. 

You might be sleep deprived if you try opening car door with Samsung Pay
Message 2 of 8
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Valued Contributor

Re: Amex pre Approval says starting credit limit up too $1000 ??

Have you ever burned them in the past?

 

I get the same message but for $5k (which is low for me) but I burned them a long time ago.

 

Ironically, I also prequal for Platinum - I guess they want that $550 AF!

Rebuild started in 2014  -  $100k unsecured credit in 2017  -  $400k unsecured credit in 2020.

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Message 3 of 8
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Frequent Contributor

Re: Amex pre Approval says starting credit limit up too $1000 ??

Not generic. I got an up to 12k at the beginning of last month. A few weeks later when I let a bigger balance post on one of my cards  the prequal said up to 6k.

Message 4 of 8
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Regular Contributor

Re: Amex pre Approval says starting credit limit up too $1000 ??

sure am happy other lenders dont see my profile like Amex,, i guess i could take it and grow it out but there are better offers out there for a hard pull at the moment. how are they at CLI ? is it worth the hard pull ?


@Remedios wrote:

@heavylifter wrote:

was sent a Amex pre approval for their everyday card ,in the offer it said starting limit up 1k ? i thought this was not only kinda low but odd they would tell you a starting limit... i currently do not have any amex products,, is this normal for Amex or is this just a generic pre app offer ?


That's a reflection on how much they view you as a risk in terms of borrowing 

 

So, not generic, but an overall picture of how your profile appears to them at this time. 


 

Message 5 of 8
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Regular Contributor

Re: Amex pre Approval says starting credit limit up too $1000 ??


@Shooting-For-800 wrote:

Have you ever burned them in the past?

 

I get the same message but for $5k (which is low for me) but I burned them a long time ago.

 

Ironically, I also prequal for Platinum - I guess they want that $550 AF!


No never had Amex in my wallet.

Message 6 of 8
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Frequent Contributor

Re: Amex pre Approval says starting credit limit up too $1000 ??

Dont worry too much. May seem small but if you take care of them they will open the doors wide open in 3 to 6 months time. I got my first card in November with a $500 SL which was a crushing disappointment. Fast forward to now I have 6 amex cards with one being a charge card and the rest revolvers with close to 40k in limits so far. Just give it time.

Message 7 of 8
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Super Contributor

Re: Amex pre Approval says starting credit limit up too $1000 ??

Sometimes you can get a 3X CLI right away. They approved me for the Cash Magnet earlier this month at $1K and I went on the website and asked for $3K and it was approved before I even got the card. Took them a bit to actually raise the limit but it came through. 

Otherwise the normal process is to try at 61 days although they’re not always granted on $1K cards. 




Message 8 of 8
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