CarefulBuilder14 wrote:How does your Amex spending compare to your income/assets? What about your income/assets vs. other CLs?
Maybe Amex thinks you didn't spend enough on BCE to merit a decent SL on on your new card. Or they might think you have enough credit/new credit (across all issuers) for your income.
My annual income is $45,000. Discover just gave me a CLI of $1000 to make a total CL of $6500. Interestingly enough, Citi gave me one as well for the same CL on my Double Cash. I also have a Chase Freedom card with a $7500 CL.
So basically, all of my cards are between $5500-7500 except for AMEX. I think I've carried a balance one time on a card with 0% interest. Otherwise I PIF.
When I applied for the BCE card years ago, I only had one other credit card and my FICO score was about the same. AMEX gave me a similar low CL compared to the other cards.
You may be on to something about the spending... I don't think I've ever put more than $1000 at one time on my BCE card. It's just not a high spending card. I usually reserve that for the Citi DC or Chase Freedom (because of the higher CL). However, with the better rewards on the BCP card, I am likely to use it more.
To be honest, I almost cancelled my BCE a while ago because of the CL issues with AMEX. In my experience, Cap One has given better CLIs than AMEX. Which is bizarre because AMEX is known for being fairly liberal about the 3x CLI.