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Amex rules for CLI (have they changed recently?)

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Superduper2014
Frequent Contributor

Amex rules for CLI (have they changed recently?)

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. 

 

Message 1 of 17
16 REPLIES 16
SouthJamaica
Mega Contributor

Re: Amex rules for CLI (have they changed recently?)


@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. 

 


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").

 

 


Total revolving limits 569520 (505320 reporting) FICO 8: EQ 699 TU 696 EX 673




Message 2 of 17
Superduper2014
Frequent Contributor

Re: Amex rules for CLI (have they changed recently?)

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. Smiley Happy 

Message 3 of 17
Brian_Earl_Spilner
Credit Mentor

Re: Amex rules for CLI (have they changed recently?)

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

    
Message 4 of 17
SouthJamaica
Mega Contributor

Re: Amex rules for CLI (have they changed recently?)


@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. Smiley Happy 


Be sure to let us know how it turns out Smiley Happy


Total revolving limits 569520 (505320 reporting) FICO 8: EQ 699 TU 696 EX 673




Message 5 of 17
Priory_Man
Valued Contributor

Re: Amex rules for CLI (have they changed recently?)

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.






"Total revolving credit $286,000 Current UTIL >1%"
Message 6 of 17
Superduper2014
Frequent Contributor

Re: Amex rules for CLI (have they changed recently?)

@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 

Message 7 of 17
Superduper2014
Frequent Contributor

Re: Amex rules for CLI (have they changed recently?)

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. 
 

 

Message 8 of 17
Jeffster1
Valued Contributor

Re: Amex rules for CLI (have they changed recently?)

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. 

FICO 8 EX 829 EQ 824 TU 844
American Express Blue Cash Preferred 30K I American Express Blue Cash Everyday 25 K I American Express Cash Magnet 5K I Bank of America Customized Cash Rewards Visa 20K | Kinecta MyPerks Rewards MC 35K | Wells Fargo BILT World Elite MC 30K I BMO Harris Cash Back MasterCard 12K | Capital One QS MC 12.5K I NFCU Flagship Rewards Visa 32K I NFCU Amex 28K | NFCU CashRewards Visa 20K I America First CU Cash Visa 20K I Citi Best Buy Visa 10K I Macy’s Amex 20K I Bread Financial American Express 13K I AAA Daily Advantage Visa Signature 8.5K I Saks Fifth Avenue World Elite MC 8.3K I JCPenney Mastercard 6K I UCLA Wescom CU Rewards Visa 7K I Pottery Barn Visa 5K I PayPal Cash Back Visa 9K I TD Bank Double Up Visa 5K I USBank Cash Visa 5K I
Message 9 of 17
Superduper2014
Frequent Contributor

Re: Amex rules for CLI (have they changed recently?)

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. 
Message 10 of 17
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