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my Fico score is 750 - I have 2 CC's from from Amex, one business with a 10k limit and the other personal with a 1k limit, I asked for a CLI for my card with a 1k limit and they denied me because "i have too much debt obligation" of course I do - I own a rental property ... I asked the guy to send it for recon since this was an automated denial and he refused stating I would need to give an increased number for my income to send it for recon and unless I agreed to inflate the number he wouldn't send it.
My chase card - when I applied, i was easily approved for 12k instantly - Amex wouldn't even give me 3k so that I can keep my utilization low.
advice?
@Anonymous wrote:my Fico score is 750 - I have 2 CC's from from Amex, one business with a 10k limit and the other personal with a 1k limit, I asked for a CLI for my card with a 1k limit and they denied me because "i have too much debt obligation" of course I do - I own a rental property ... I asked the guy to send it for recon since this was an automated denial and he refused stating I would need to give an increased number for my income to send it for recon and unless I agreed to inflate the number he wouldn't send it.
My chase card - when I applied, i was easily approved for 12k instantly - Amex wouldn't even give me 3k so that I can keep my utilization low.
advice?
How long have you had your Amex cards? You can always pay your balance off before the statement hits if you are worried about utilization. Why is your FICO score only 750? Hard to know the issue when we don't have the full picture.
IveI gotten the same treatment stating that my balances/request amount are too high. I plan to use my cards, pif before statement cut, and ask again in a few months.
Business debt is viewed with less favor by Amex than is home mortgage debt. Just how large a business debt are you carrying? Is it a business loan, or does it take the form of balances on business credit cards?
@Anonymous wrote:my Fico score is 750 - I have 2 CC's from from Amex, one business with a 10k limit and the other personal with a 1k limit, I asked for a CLI for my card with a 1k limit and they denied me because "i have too much debt obligation" of course I do - I own a rental property ... I asked the guy to send it for recon since this was an automated denial and he refused stating I would need to give an increased number for my income to send it for recon and unless I agreed to inflate the number he wouldn't send it.
My chase card - when I applied, i was easily approved for 12k instantly - Amex wouldn't even give me 3k so that I can keep my utilization low.
advice?
Personally I would just look elsewhere. There's nothing about Amex personal credit cards that makes them so wonderful and unique.