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im going to assume that the amex is a net account. They can risk a lil more exposure when the entire bill is due at the end of the month.
did you get approved for amex charge or amex revolving? Sounds to me like the odds are Amex Charge, which is not a useful everyday card for someone who EVER needs to carry.
+1 Different lenders have different criteria.
Discover for instance is VERY CONSERVATIVE, as they fund themselves.
Barclay is Less Conservative the Discover, but has a whole other set of determining criteria, you want ot be careful with them because sometimes when you REQ a CLI on them , if your reports dont look good, the have a history of doing a CLD instead. It has been said that they are INQ sensitive, however I was able to successfully negotiate a CLI with more than 10 on TU, again though these INQ were more so related to my CLI requests for other cards than they were for new Accounts, which Barclay DOES NOT LIKE more than they are INQ sensitive. New accounts seem to Spook them under some circumstances.
I think you need to study the lenders, there is so much on here for them! You are in the right place.
Myfico is a place you can literally study the methodology of credit. Its amazing what you can accomplish in such a short time. Good Luck!
OP said it is Amex Blue Everyday.
OP, remember that the Amex is not showing in your reports, so the other lenders only can see your 1k, 0.75k cards.
What you need to do now is call as CreditAddict told you. Hope you can get those cards because you already took the HPs. Then wait (even if you don't the cards), use your Amex and at 61 days you can ask for 3X limit, even if Amex don't grant you the increase you can keep using the card, in a few months you'll have history with a 8K card, so you can try to get CLI on your other cards or new that maybe will give you a higher limit.
Congrats!!
8k is a great starting limit with AMEX!! Don't forget to go for the 61 day 3X CLI.
@Anonymous wrote:
Well sure... It's just a bit discouraging...
My CC for more then 1 year old will not extend my CL to more then 1k...
My application to Chase was declined...
My application with Discover was barely accepted with a 1k CL...
How am I supposed to ask Amex for 24k?!?!?!
If I got discouraged after every declined app I would have given up a long time ago. Focus on the success and don't take the declines personally. I was declined by Chase at least 4 times before I got approved and even then I had to start out with the Amazon card.
8k to start with AMEX is GREAT! They started me at 2k. It would lead someone to believe that EX may be your cleaner report. And... YES!! ask for 24k in 2 months. If they don't give it to you they will counter or they may decline, but you wont know if you don't ask.
Did you ask chase to reconsider the decline?
what was reason?