Edit

Forums ›
Finance

AMEX CLI still on crack - 9 cards went to 24900 last night in 10 minutes Archived From: Finance

  • tweet this
  • Post to Facebook
  • Text Only
  • Search this Topic »
  • Classic
alert mods    
   posted: Feb. 3, 2007 @ 10:24p

GiftCards26 said:PolarDude said:My AMEX won't report until April 1stWhy so long?

My blue cash is about a month behind. It just reported my January 1. closing balance. If I do a CLI now, on March 1 it will report my Feb 1. closing balance. I have to wait until April 1 for any new changes now!


alert mods    
   posted: Feb. 3, 2007 @ 10:27p

Has anyone gotten a message like this from Citi With a BT on one card but not another?

Credit Line Increase Request Saturday, February 3, 2007

XXXX-XXXX-XXXX-XXXX

We regret that we cannot approve your request for a Credit Line Increase at this time. Your request was processed by a credit scoring system, which assigns a numerical value to various items on your credit card account(s) with us. Your credit score did not meet our requirements, because:

Your balance is high on one or more of your accounts with us, compared to the total credit limit.


You have paid a low portion of your lifetime charges on one or more of your accounts with us.


If you believe our records may be incorrect, please contact us. You will receive a written confirmation of this message within 7 to 10 business days. Thank you for using our website.


alert mods    
   posted: Feb. 3, 2007 @ 10:27p

GiftCards26 said:rigor said:They are easy to get since they are PG PG?

Personal Guarantee


alert mods    
   posted: Feb. 3, 2007 @ 10:29p

I got a nice bump from $14.4K to $24K, no waiting.


alert mods    
   posted: Feb. 3, 2007 @ 10:40p

I just want to thank all of you for these AMEX threads. I've read them for at least the past year, just waiting for the day that I could join all of you in the fun. Well, tonight, I was approved for my very first AMEX and I'm so excited. If I'm not mistaken, an AMEX begets other AMEX cards, so I'm just waiting to receive it and then in a month or so, test out the old luv button and a few months later, try for a better AMEX than the Jetblue one that is on its way.

Thanks again.


alert mods    
   posted: Feb. 3, 2007 @ 10:45p

enkey said:has anybody applied for CL increase twice in a day?

it won't work if you're requesting the increase on the same card within 30days of the last request.


alert mods    
   posted: Feb. 3, 2007 @ 10:48p

I got all mine to say they were approved for increases, between 3 cards about $35,000 and my wife's 2 cards about another $30,000.

Though they did say they were approved, only 1 actually is showing the increased credit line, its been a few hours already. Anyone else experience this?

All new credit lines did show up this morning for me


alert mods    
   posted: Feb. 3, 2007 @ 11:08p

My increase appeared immediately (although text said it could take 15 minutes).
Also, I can confirm the 30 day wait:

Our records indicate a request for a line of credit increase has already been submitted, and is currently being processed or that the line of credit on your account was increased within the last 30 days. Your account is not eligible for a new request at this time. Please call 1-800-576-8942 if you have any questions.


alert mods    
   posted: Feb. 3, 2007 @ 11:08p

jcohen73 said:Though they did say they were approved, only 1 actually is showing the increased credit line, its been a few hours already. Anyone else experience this?No, mine is already showing up on the summary of accounts page. It's probably YMMV, though.

Latest tally: $906,100


alert mods    
   posted: Feb. 3, 2007 @ 11:12p

Does anyone know how they treat CLI requests on business cards with healthy household income but very little business revenue?


alert mods    
   posted: Feb. 3, 2007 @ 11:27p

Went from $7k to $24.9k. Ridiculous.


alert mods    
   posted: Feb. 3, 2007 @ 11:30p

ponhoss said:Has anyone gotten a message like this from Citi With a BT on one card but not another?

Credit Line Increase Request Saturday, February 3, 2007

XXXX-XXXX-XXXX-XXXX

We regret that we cannot approve your request for a Credit Line Increase at this time. Your request was processed by a credit scoring system, which assigns a numerical value to various items on your credit card account(s) with us. Your credit score did not meet our requirements, because:

Your balance is high on one or more of your accounts with us, compared to the total credit limit.


You have paid a low portion of your lifetime charges on one or more of your accounts with us.


If you believe our records may be incorrect, please contact us. You will receive a written confirmation of this message within 7 to 10 business days. Thank you for using our website.

I've gotten one of those. Had about $8k BT on one card, applied for a new card (Professional), and got a really low CL ($1k). Whenever I try to get a higher limit, it cites the "balance is high on one or more of your accounts with us" line. I have been given an increase to $1.5k on the Pro, but the other BT card used to get $2k CLI increases every few months. It started at about $3k and is now at $11.1k.


alert mods    
   posted: Feb. 4, 2007 @ 1:28a

doerrb said:Can we hit a cool million in this thread alone?

So far, I've calculated CLIs totaling $638,600 as a result of your post, OP. (For posters who didn't state their initial CL, I assumed $10k.)

Am.Ex will probably wake up with a bad hangover Monday morning and wonder what the hell happened over the weekend... but the FW damage has already been done.

Anyone else care to chime in?

I did mine 2 weeks ago on all 4 cards... so they must be on a binge.


alert mods    
   posted: Feb. 4, 2007 @ 1:35a

Thanks OP! Got CLIs of 17,700 and 8,900 for me and my wife for AMEX Blues - both are 24,900 now!


alert mods    
   posted: Feb. 4, 2007 @ 1:43a

Thanks OP!

Blue: 5 --> 30
CostCo: 25 --> 30


alert mods    
   posted: Feb. 4, 2007 @ 1:47a

...$980,600...

...almost...


alert mods    
   posted: Feb. 4, 2007 @ 2:14a

I don't mean to be the pahtee poopah, but if their CLI system truly is on crack (and we all should assume it is since this isn't that normal sounding) then when they catch wind of this (and they will) you're all putting yourselves at much higher risk for a financial review.

Why should you worry? Well, if you aren't lying about your income, you shouldn't. And if your credit is relatively solid as well, then you shouldn't. It's just a hassle. If you're carrying larger balances (such as those from 0% BT AOR's) then you might get a little worried since they could get spooked.

I'm sooo itching to pull the trigger on these CLI's, but having applied and been approved for a total of 10 AMEX cards during my last AOR in mid-Jan, I'll probably hold off and play it safe. Already went through and passed an FR, and I really don't want to be bothered with another.

Good luck, and keep the good #'s coming! We'll break $1m soon.


alert mods    
   posted: Feb. 4, 2007 @ 2:58a

My AMEX story, head up for AOR-ers

two cards,
card 1: $20K CL, $10K balance 3.99% for life;
card 2: $4K CL, 0 balance.

CLI card 2 in Dec. 2006, after review the CL is reduced to $500, because of "high risk"!
CLI card 2 today again ($500 -> $24500), got

Your request for a line of credit increase has been submitted.
You will receive a written response within 7-10 days.

Let's see if I'll get $50 CL

Though I did CLI for my girlfriend's Blue last week, $15K -> $25K after two days review, which was increased from $7K in Dec.


alert mods    
   posted: Feb. 4, 2007 @ 2:59a

i first got an error when trying to increase my costco card from 15k to 24k. i tried again and it told me it couldn't process the request because i just requested an increase. i go back to my acct summary, and lo and behold, the increase had already been reflected on my account!


alert mods    
   posted: Feb. 4, 2007 @ 3:01a

Awesome! Just added $5K to both of my AMEX cards ($10K total)! Thanks OP!


 Close

Sign Me In
Nickname: 
Password: 
Remember My Login Information:

Forget your login information?

Not Already A Member?
Sign Up Now!


Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.


While FatWallet makes every effort to post correct information, offers are subject to change without notice.
Some exclusions may apply based upon merchant policies.
© 1999-2009