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.
Personally I would just look elsewhere. There's nothing about Amex personal credit cards that makes them so wonderful and unique.
Actually Amex credit cards are awesome. Between my wife and I we have 10. We would have more but they limit you to 5 credit cards per person. But the benefits they give you aren't based on limits. If someone actually needs high limits probably other banks that can give them to you.
This seems like a strange topic because there is no mystery, the guy straight up told you exactly why they didn't want to increase the credit limit on the $1k card. Amex thinks you DTI is too high, your income compared to the total amount of debt you are carrying and your monthly payments for those debts. What is your DTI?
Other lenders might think differently, but as far as Amex goes you need to either increase your income (like the CSR told you) or decrease your debt.
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
Did you try calling back to get a different CSR?
my amex biz card (plum) wasn't going to approve a large purchase for me, so what I did was pre-pay the amount i wanted and then some. i was like, now you owe me money... and i got what i wanted. i don't know if your cashflow will support this approach, but it worked for me.