Apprehensive to ask for Amex CLI

[chrisw1968uk]

I guess im just afraid of a HP in the event of a decline - Approvals are SP's and Denials are HP's right? I shouldnt really be worried because i do not have high HP's and don't plan on apping for anything else soon

[wacdenney]

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@chrisw1968uk wrote:

I guess im just afraid of a HP in the event of a decline - Approvals are SP's and Denials are HP's right? I shouldnt really be worried because i do not have high HP's and don't plan on apping for anything else soon

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It does suck to waste an HP.  I didn't realize it ever resulted in an HP.  That makes sense then...

They do counter.  So if you plan to ask for 10k you might as well ask for 24k.  If 10k is all they're willing to grant they will counter with that amount.

My BCE started at 2k and went to 6k after my 31st day.  The 3X boost has been a major blessing as it put me in a different range of limits.  At the time I was granted the 3X from AMEX, most of my limits were in the 2k range, now most of the newer ones at least are starting in the 5k range.  I owe that entirely to AMEX.  They have been a MAJOR help in my journey and I will definately be going for 18k in October.  Even if they countered with 8 or 9 I would be thrilled!!

[lonelyisland]

The 3X CLI is a SP, not a hard pull no matter the result. 

If they dont want to give it to you, they counter offer.

I got the 7-10 day message, and got a email later in the day, which led me to a decision portal that told me that my increase was approved. 

I did not ask for 3X, just 2X as that's all I wanted on this card, and plan to apply for another in 6 months.

 But I dont think there is any reason to "not" do the 3X if you dont have reasons other than nervousness. 

I think you have confused another bit - if you apply for a new AMEX card and are declined, its a SP. If you approved, its a HP. 

[Creditaddict]

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@chrisw1968uk wrote:

I guess im just afraid of a HP in the event of a decline - Approvals are SP's and Denials are HP's right? I shouldnt really be worried because i do not have high HP's and don't plan on apping for anything else soon

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you are confusing your things with amex.

ONCE you have an amex ALL CLI are ALWAYS SP rather they are approved or denied and the system will ALWAYS counter if you do not ask for more than 3x and you qualify for something.

[Anonymous]

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@Creditaddict wrote:

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@chrisw1968uk wrote:

I guess im just afraid of a HP in the event of a decline - Approvals are SP's and Denials are HP's right? I shouldnt really be worried because i do not have high HP's and don't plan on apping for anything else soon

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you are confusing your things with amex.

ONCE you have an amex ALL CLI are ALWAYS SP rather they are approved or denied and the system will ALWAYS counter if you do not ask for more than 3x and you qualify for something.

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There have been cases here (and indeed this happened to my daugher earlier this year) where there is no counter.   I think some of this advice, while it may be true, may also be simplistic.    The assumption is that asking 1.5X, 2X or 3X (for example) always leads to the same outcome, via counter.   We don't know if that is true (and it's very hard to test!).

So, it MAY be that if you ask for 3x at a certain level, you will get a 4506-T, which you wouldn't have if you had asked for 1.5x.   Or you get rejected with no counter offer if you ask for 3x whereas a 1.5 would have been granted.    Or not.   But statemnets like "ALWAYS counter" are just wrong.

[NoNonsense]

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@Anonymous wrote:

 So, it MAY be that if you ask for 3x at a certain level, you will get a 4506-T, which you wouldn't have if you had asked for 1.5x.   Or you get rejected with no counter offer if you ask for 3x whereas a 1.5 would have been granted.    Or not.   But statemnets like "ALWAYS counter" are just wrong.

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Yep, I have a very similar suspicion.  It's very easy for a Third Party to yell, "go for it" "What do you have to lose?"  Well, certainly the third party has nothing to lose.  But, the OP ends up an involuntary subject of a credit experiment.  

Maybe it is because I have a distaste for over-blown CLs, which many others in MyFIico are rather addicted to, but I like to take CLI slow and to a point.  I don't NEED the 25k Amex limit right now, frankly, I don't need the 18k initial limit they gave me, but I can live with that I guess.  The thing is, like in many other areas of life, some like to move slowly, gradually, enjoying the ride, while others want it all over before it starts...

[TeeGee]

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@wacdenney wrote:

My BCE started at 2k and went to 6k after my 31st day.  The 3X boost has been a major blessing as it put me in a different range of limits.  At the time I was granted the 3X from AMEX, most of my limits were in the 2k range, now most of the newer ones at least are starting in the 5k range.  I owe that entirely to AMEX.  They have been a MAJOR help in my journey and I will definately be going for 18k in October.  Even if they countered with 8 or 9 I would be thrilled!!

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I'm confused....I thought it was the 61st day, not the 31st day?

[lonelyisland]

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@Anonymous wrote:

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@Creditaddict wrote:

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@chrisw1968uk wrote:

I guess im just afraid of a HP in the event of a decline - Approvals are SP's and Denials are HP's right? I shouldnt really be worried because i do not have high HP's and don't plan on apping for anything else soon

---

you are confusing your things with amex.

ONCE you have an amex ALL CLI are ALWAYS SP rather they are approved or denied and the system will ALWAYS counter if you do not ask for more than 3x and you qualify for something.

---

There have been cases here (and indeed this happened to my daugher earlier this year) where there is no counter.   I think some of this advice, while it may be true, may also be simplistic.    The assumption is that asking 1.5X, 2X or 3X (for example) always leads to the same outcome, via counter.   We don't know if that is true (and it's very hard to test!).

So, it MAY be that if you ask for 3x at a certain level, you will get a 4506-T, which you wouldn't have if you had asked for 1.5x.   Or you get rejected with no counter offer if you ask for 3x whereas a 1.5 would have been granted.    Or not.   But statemnets like "ALWAYS counter" are just wrong.

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Sure, the statement is wrong if you ignore the rest of the sentence he/she posted after it. It says they'll always counter "if you qualify for something". If you don't qualify, it's a denial, and if they aren't sure, it could lead to Amex requesting the 4506, but those are both cases in which the person didn't qualify for an auto CLI. Unless it's your belief that Amex will not make a counter if someone qualifies, but that seems opposite of everything that's in the Amex 3x CLI guide thread?

[Anonymous]

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@lonelyisland wrote:

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@Anonymous wrote:

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@Creditaddict wrote:

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@chrisw1968uk wrote:

I guess im just afraid of a HP in the event of a decline - Approvals are SP's and Denials are HP's right? I shouldnt really be worried because i do not have high HP's and don't plan on apping for anything else soon

---

you are confusing your things with amex.

ONCE you have an amex ALL CLI are ALWAYS SP rather they are approved or denied and the system will ALWAYS counter if you do not ask for more than 3x and you qualify for something.

---

There have been cases here (and indeed this happened to my daugher earlier this year) where there is no counter.   I think some of this advice, while it may be true, may also be simplistic.    The assumption is that asking 1.5X, 2X or 3X (for example) always leads to the same outcome, via counter.   We don't know if that is true (and it's very hard to test!).

So, it MAY be that if you ask for 3x at a certain level, you will get a 4506-T, which you wouldn't have if you had asked for 1.5x.   Or you get rejected with no counter offer if you ask for 3x whereas a 1.5 would have been granted.    Or not.   But statemnets like "ALWAYS counter" are just wrong.

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Sure, the statement is wrong if you ignore the rest of the sentence he/she posted after it. It says they'll always counter "if you qualify for something". If you don't qualify, it's a denial, and if they aren't sure, it could lead to Amex requesting the 4506, but those are both cases in which the person didn't qualify for an auto CLI. Unless it's your belief that Amex will not make a counter if someone qualifies, but that seems opposite of everything that's in the Amex 3x CLI guide thread?

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But what does that mean "if you qualify for something" other than "you will get an offer if you get an offer"?

[lonelyisland]

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@Anonymous wrote:

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@lonelyisland wrote:

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@Anonymous wrote:

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@Creditaddict wrote:

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@chrisw1968uk wrote:

I guess im just afraid of a HP in the event of a decline - Approvals are SP's and Denials are HP's right? I shouldnt really be worried because i do not have high HP's and don't plan on apping for anything else soon

---

you are confusing your things with amex.

ONCE you have an amex ALL CLI are ALWAYS SP rather they are approved or denied and the system will ALWAYS counter if you do not ask for more than 3x and you qualify for something.

---

There have been cases here (and indeed this happened to my daugher earlier this year) where there is no counter.   I think some of this advice, while it may be true, may also be simplistic.    The assumption is that asking 1.5X, 2X or 3X (for example) always leads to the same outcome, via counter.   We don't know if that is true (and it's very hard to test!).

So, it MAY be that if you ask for 3x at a certain level, you will get a 4506-T, which you wouldn't have if you had asked for 1.5x.   Or you get rejected with no counter offer if you ask for 3x whereas a 1.5 would have been granted.    Or not.   But statemnets like "ALWAYS counter" are just wrong.

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Sure, the statement is wrong if you ignore the rest of the sentence he/she posted after it. It says they'll always counter "if you qualify for something". If you don't qualify, it's a denial, and if they aren't sure, it could lead to Amex requesting the 4506, but those are both cases in which the person didn't qualify for an auto CLI. Unless it's your belief that Amex will not make a counter if someone qualifies, but that seems opposite of everything that's in the Amex 3x CLI guide thread?

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But what does that mean "if you qualify for something" other than "you will get an offer if you get an offer"?

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I understood the advice to mean IF you qualify, you won't waste/spoil your request by asking for a larger CLI than AMEX is willing to give because they'll counter it. Which reading through the entire CLI post, it seems that didn't used to be the case.