Amex rules for CLI (have they changed recently?)

[Superduper2014]

I am getting ready to request a CLI on one of my Amex credit cards. 

One is at $34,500

2nd is at $9,000

I am planning on requesting a CLI on the 2nd to 3x (27k) and see what happens. 

However, I wanted to know if doing this will trigger possibly income verification or Financial review, to be prepared. 

I understand YMMV, however, what are the data points you guys know point towards? 

I guess I am trying to ask if in my situation, having 2 cards under 35k won't be causing me more work than it is worth. 

I am trying to increase my limits on a schedule. 

Thank you for any insights on this particular scenario and the rules. 

[SouthJamaica]

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@Superduper2014 wrote:

I am getting ready to request a CLI on one of my Amex credit cards. 

One is at $34,500

2nd is at $9,000

I am planning on requesting a CLI on the 2nd to 3x (27k) and see what happens. 

However, I wanted to know if doing this will trigger possibly income verification or Financial review, to be prepared. 

I understand YMMV, however, what are the data points you guys know point towards? 

I guess I am trying to ask if in my situation, having 2 cards under 35k won't be causing me more work than it is worth. 

I am trying to increase my limits on a schedule. 

Thank you for any insights on this particular scenario and the rules. 

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1. I don't think the old rules (91 days from denial, 181 days from approval) apply any more, because there have been too many reports here of quicker approvals.

2. No one can say for sure, but I think asking for the 18k CLI on the 9k card will probably not lead to an income verification request.  (Income verification requests are much more common than actual "financial reviews").

[Superduper2014]

thank you @SouthJamaica you are always helping out!

You read my mind, I was thinking about maybe just doing 2x on that card to be more "conservative" in my request. 

If you feel that may be the to go, in order to avoid following up with them etc. I will do that. Although, hate to leave potential credit line increase on the table lol.  

[Brian_Earl_Spilner]

If it asks for income verification simply back out and lower the number until it doesn't. 

[SouthJamaica]

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@Superduper2014 wrote:

thank you @SouthJamaica you are always helping out!

You read my mind, I was thinking about maybe just doing 2x on that card to be more "conservative" in my request. 

If you feel that may be the to go, in order to avoid following up with them etc. I will do that. Although, hate to leave potential credit line increase on the table lol.  

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Be sure to let us know how it turns out

[Priory_Man]

This thread https://ficoforums.myfico.com/t5/Credit-Card-Applications/AMEX-3x-CLI/td-p/6707825 is very similar to what you have asked. It should not trigger an IV of FR. I myself have an accumulation of above 35k on my cards and have not had to prove income.

[Superduper2014]

@Brian_Earl_Spilner Oh gotcha.. good tip. So before submitting the page loads all the pertinent disclaimers based on the amounts for you to see? That is just gold. 

I just wonder if it is considering just the account you are requesting the CLI or the other card sitting just under 35k as well. 

I will try this shortly. Thank you 

[Superduper2014]

UPDATE: 

So, 

I did get request for 34,500 to test if I could then back out. 

I was followed with a screen that asked for three most rescent bank statements. 

There was an exit button, but instead I did the browser back button 

Then I tested 27k (hoping you could test again)

this time I got:

"We are currently reviewing your previously submitted Credit Limit increase request and you are unable to submit an additional request at this time."

Whatever I did, it is done, so now I can only ask, is a review of the 34500 or the 27k since I did the back button instead of the exit button?

I am sure there is a difference and I should have used the exit one to reset the request instead browsing back.

They emailed me: Need to provide bank statements by Oct 3rd or they will close the request.

Oh well..

Should I try again on Oct 4th? and use the "exit" button this time and obviously only 2x ?

bummer. 

[Jeffster1]

FYI for anybody from whom Amex is requesting income verification:

If they ask for a 4506-C, make sure you affix a wet signature. The form will be kicked back otherwise. They don't tell you that in the instructions. 

[Superduper2014]

So this doesn't get burried:

They emailed me: Need to provide bank statements by Oct 3rd or they will close the request.

Oh well..

Should I try again on Oct 4th? and use the "exit" button this time and obviously only 2x ?

bummer.