AMEX CLI

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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darkguy2
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Posts: 606
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Location: United States

AMEX CLI

Postby darkguy2 » Fri Sep 12, 2014 2:09 pm

Well with getting a Auto CLI from my other two cards I thought I would try to see what Amex would offer me. So I asked for a increase from $3,500 to $6,000. They offered me $5,700 and I took it. Not as great as some other peoples increases but it has bumped my Amex up to my highest limit card again. The fact that I got a $1/hr raise at work also probably helped me out.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)


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sicasun
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Location: TX, USA

Postby sicasun » Fri Sep 12, 2014 2:35 pm

Congratulations!! :) I've heard of people have issues getting a CLI with the TrueEarnings AMEX (not sure why though). How long have you had that card before requesting CLI? Did you get hard pulled? I just got mine this past month, so I'm not in a rush but just curious.

Chase Sapphire Preferred | 09/2014 | $10,300
Chase Sapphire | 05/2010 | $5,000
Chase Freedom | 01/2013 | $5,500
CapitalOne Quicksilver | 01/2013 | $2,500
American Express TrueEarnings | 08/2014 | $5,500
Victoria's Secret Angel Card | 04/2011 | $600

FICO | 09/2014 | Experian 738 | Equifax 706 | TransUnion 701

darkguy2
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Posts: 606
Joined: Thu Jan 24, 2013 12:24 am
Location: United States

Postby darkguy2 » Fri Sep 12, 2014 10:16 pm

I got it this January. I tried to ask for one after the 90 day mark but was shot down. It was not a hard pull since mt credit is frozen for all three bureaus and it went through ok.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

Ikarus
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Location: USA

Postby Ikarus » Sat Sep 13, 2014 2:55 am

In what way is freezing your credit a good tactic?

I've heard of in cases of fraud, but rarely voluntarily?


darkguy2 wrote:I got it this January. I tried to ask for one after the 90 day mark but was shot down. It was not a hard pull since mt credit is frozen for all three bureaus and it went through ok.
Merrick Bank (Hooters) 4100
Cap One Quicksilver 2800
Discover it 2500
Citi Forward 5400
Chase Freedom 1000
AMEX Blue Cash Everyday 5500
Citi Dividend 5600
Cap One Visa Platinum 750 (CLOSED)

darkguy2
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Location: United States

Postby darkguy2 » Sat Sep 13, 2014 9:29 am

It is free for me to do in my state. I can also easily lift for a set period for free. I do not decide I want a new CC or loan on impulse. If I want to get a new one I call the lender and ask them what bureau they pull from. I go online and lift it for a day or so then apply. If you look at my post history you can see a thread I started talking about how one of my credit unions that I get my private student loans from does a hard pull on me every year just to "check" on me. These freezes prevent them from doing that and forces them to do a soft pull.

I do not see why you would think it is a bad thing. In reality I think everyone should do it. Now no one can open a new account in my name. It cost me nothing and secures my credit. Where are you getting this negative stigma?
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

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Vattené
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Postby Vattené » Sat Sep 13, 2014 11:58 am

Had to read up on your problem with credit inquiries and that is pretty despicable. Did they tell you why their "policy" is to just do HPs? I can't imagine what they get out of it other than the joy of screwing over their customers - don't they get the exact same information with a SP? Do you know if they have had to pull your credit profile since you posted that? I guess you will find out sooner or later whether a SP is sufficient to keep loaning you money.

Any HP really should only be allowed at the consent of the consumer, but that is not whom the financial industry is set up to protect.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

darkguy2
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Location: United States

Postby darkguy2 » Sat Sep 13, 2014 1:39 pm

I spent a good amount of time on the phone with them trying to argue that to no avail. I never found out why they do the HP instead of SPs. The thing is that I actually have a line of credit with them that I pull from to get my loans. So I should only have the pull when they gave me a $55,000 line of credit for student loans and not after. I have never asked them to increase this amount. They seem to do the HP every April and I only put the freeze on after this last one happened so I am looking forward to next year to see what they do. In reality they have me over a barrel. My only real recourse would be for me to close out my account but I'm sure they know if I could do that then I would not have come to them in the first place.

I already talked to a lawyer and they also told me there was not really anything I could do as the wording of the loan terms does not really say they can only do SP. The problem is that I may need to get some more private loans to get me through the rest of college but I would rather not give them more money later on. So my only other option would be me finding another lender and taking another HP. The real sad part was that they were supposed to be one of the better lenders for student loans.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

takeshi
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Location: US

Postby takeshi » Mon Sep 15, 2014 10:03 am

sicasun wrote:I've heard of people have issues getting a CLI with the TrueEarnings AMEX (not sure why though).

I don't see how it would be inherent to the card. I received a nearly 3x CLI not too long ago on my TE.

sicasun wrote:How long have you had that card before requesting CLI? Did you get hard pulled?

Google 3x CLI. First hit should answer all your questions and more.

MemberSince99
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Postby MemberSince99 » Mon Sep 15, 2014 10:45 am

I agree that yearly HPs are ridiculous there is no reason those should not be soft pulls. It's not as if you are actively seeking credit yet that indicates that you are.


I guess what you are doing solves the problem but they "should" just soft you in the first place.


And yeah the industry is for sure not set up to at all care about the consumer. But then again our whole system is not set up for the benefit of the average (little) guy. Another issue I have is with companies setting up arbitration clauses to resolve disputes so that they can avoid the legal system. Trust me when I say they will not hesitate to use the legal system against you when it's pretty clear you owe them, but if you try to use the same legal system to your advantage they are free to force you to use binding abritration (which you are free to use too but shouldn't because that is heavily slanted in their favor) to avoid the courts. Everyone from credit card companies to car manufacturers slides binding artbitration clauses into the reams of papers you sign or consent to by using their products.

darkguy2
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Joined: Thu Jan 24, 2013 12:24 am
Location: United States

Postby darkguy2 » Mon Sep 15, 2014 8:25 pm

Time Warner tried to pull that on me when I signed up for internet service. You have to opt-out of it within 30 days of starting service which I made sure to do.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)



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