Will I trigger an AmEx Financial Review?

[Anonymous]

Interested in this as well.

I went from a $500 cap1 Secured card to a 10k Amex card. I feel like it's a mistake and I fell through some cracks. Lol. I don't want to trigger aything with that x3 thing so I'm hiding out until maybe my other cards catch up a bit.

[HeavenOhio]

@Anonymous, I think I'd ask for 20k in your situation.

[arkane]

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@Anonymouswrote:

Interested in this as well.

I went from a $500 cap1 Secured card to a 10k Amex card. I feel like it's a mistake and I fell through some cracks. Lol. I don't want to trigger aything with that x3 thing so I'm hiding out until maybe my other cards catch up a bit.

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Just because you can ask for 3x CLI doesn't mean you have to.

[Anonymous]

Just for DP.....

I have less for an income, a very thin credit file and low AAOA. I was initially approved for 15k on a BCP. At 61 days I requested a CLI to 40k. I did not get it all, but was instantly approved for 31.9k. Amex looks at more than your credit score and income. Sometimes it does not make any sense.

[Anonymous]

Just wanted to update the post. Today was the 180th day since my last CLI. I asked for the $27K I originally mentioned, and was approved. I should metioned that less than a month ago, I also applied for a Chase Sapphire Reserve, and was approved. For those that might wonder, I have a Freedom Unlimited with Chase for about a year with $3K credit limit. I opened a Chase savings account, and then deposited $300, so that I did not get a monthly fee from having the account. I have always read that Chase is more open to people that have accounts with them. Then once it was open for about a week, I applied for the Chase Sapphire Reserve, and got it for $18k, interestingly enough double my Amex Everyday card limit at the time.

[Anonymous]

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@Anonymous wrote:

Just for DP.....

I have less for an income, a very thin credit file and low AAOA. I was initially approved for 15k on a BCP. At 61 days I requested a CLI to 40k. I did not get it all, but was instantly approved for 31.9k. Amex looks at more than your credit score and income. Sometimes it does not make any sense.

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AMEX weighs net worth more than credit score and income. 

If you make $31,000 a year and have a 670 score, and $50 in your savings, one would receive a much lower CL than someone who makes $31,000 a year, has a 670 score, and inherited their grandfather's $500,000 real estate. 

[simplynoir]

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@Anonymous wrote:

AMEX weighs net worth more than credit score and income. 

If you make $31,000 a year and have a 670 score, and $50 in your savings, one would receive a much lower CL than someone who makes $31,000 a year, has a 670 score, and inherited their grandfather's $500,000 real estate. 

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IMO while AMEX considers assets I don't think they count as much as you think.

[Anonymous]

Agreed, I have a friend who made $24K - $27K and reported such to AMEX and has gotten $15K in Credit Line from AMEX, plus the Platinum and Gold cards. He recently got close to the 12K limit on his everyday card, and AMEX declined a purchase on his Platinum card.

[Anonymous]

AMEX has a lot of customers with $0 income but high spend and little to no assets.

[Caught750]

Congrats on your CLI, I'm very excited to be growing with Amex as well