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Income 75k - own my own business - Amex won't give CL increase and refuses to send me for recon.

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Established Member

Income 75k - own my own business - Amex won't give CL increase and refuses to send me for recon.

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?

15 REPLIES 15
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Established Member

Re: Income 75k - own my own business - Amex won't give CL increase and refuses to send me for recon.

Just keep your balance low for a couple months and I’m sure you won’t have a problem getting an increase.

Starting Score: EX 715
Current Score: EX 707
Goal Score: EX 730


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Message 2 of 16
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Established Contributor

Re: Income 75k - own my own business - Amex won't give CL increase and refuses to send me for recon.

Sounds like AMEX is concerned with your DTI.

Not a whole lot you can do besides look to different lenders. AMEX has, most likely, extended all the credit they are comfortable with at this point.
Personal Credit -
AMEX: Platinum, Green, Cash Magnet, Schwab Investor
PNC: Cash Rewards, Points
NFCU: Flaghship Rewards, Cash Rewards, More Rewards, CLOC
PSECU: Founders
BB&T: Spectrum Cash Rewards
CapOne: Quicksilver
Discover: IT Chrome, IT
Synchrony: PayPal 2%, PayPal Credit
Barclays: Uber
PenFed: Power Cash Rewards
Store Cards: Target
AU Cards: Citi Rewards+

Business Credit-
AMEX: Delta Gold, Amazon Prime, Simply Cash Plus
Message 3 of 16
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Super Contributor

Re: Income 75k - own my own business - Amex won't give CL increase and refuses to send me for recon.

Can you list out all the cards you have, and the balances on the last statement?

When did you get each card, month and year?

Are you carrying any balances, or paying in full?
High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 4 of 16
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Valued Contributor

Re: Income 75k - own my own business - Amex won't give CL increase and refuses to send me for recon.


@Ironseoulju 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. 

More cards than I can mention in a signature.
Message 5 of 16
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Established Contributor

Re: Income 75k - own my own business - Amex won't give CL increase and refuses to send me for recon.

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. 

2019 Spend Summary
$944,008 Amex BRG
$91,953 Amex SC
$58,351 Discover It
$50,046 BofA CR
$36,146 Amex PRG
$6,774 Cap1 QS
$963 Amex CM

$1,188,241 Yearly Spend
Message 6 of 16
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Established Member

Re: Income 75k - own my own business - Amex won't give CL increase and refuses to send me for recon.

My FICO is 750 because I built it up the past few years.

I've never carried a balance on any CC

My UTI is around 2 percent between all of my cards.

I just don't know why he refused to send to recon
Message 7 of 16
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Valued Contributor

Re: Income 75k - own my own business - Amex won't give CL increase and refuses to send me for recon.

Honestly I don’t think recon would have changed the outcome. Amex is known to stand by the original decision and it would have been a hardpull most likely.

You can always hung up call again if you don’t like the response from the first CSR.




Total Revolving Limits $229,300

FICO 8 scores 04/2019
EX-778
TU-714
EQ-716
Message 8 of 16
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Valued Contributor

Re: Income 75k - own my own business - Amex won't give CL increase and refuses to send me for recon.

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?

Chase Sapphire Reserve • PenFed Power Cash Rewards • and five cards in the sock drawer

No CC debt • No bonus chasing • No app sprees • No gift cards • No AZEO • No airline incidentals • No hotel cards • No store cards • No business cards • No authorized users
Message 9 of 16
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Super Contributor

Re: Income 75k - own my own business - Amex won't give CL increase and refuses to send me for recon.


@Ironseoulju 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.


Total revolving limits 649500 (568000 reporting)
FICO 8's EQ 710 TU 733 EX 717



Message 10 of 16
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