- Gold Member
- Posts: 48
- Joined: Sat Jan 19, 2013 9:06 pm
- Location: NYC
Forgive me guys...so late responding back. Was MIA for a while on this forum.
I did indeed call Amex that very evening and was denied the 3x CLI. Reason being: considered a medium-risk factor. While my score (at that time) was around 700-740 (Experian), they pulled a FICO score which was much lower...yet used my Experian report and determined my utilization is quite high on some cards. Which is accurate, I took advantage of several 0% apr promo rates and added my tuition and other expenses on them. No biggie. I'm sure Amex as well as other lenders do periodic "soft reviews/pulls" on accounts as they assess the level of risk cardholders have with them. However I have the Platinum Card, and last I checked, I was authorized for a $10K pull if needed. Now yes that figure goes up and down over time, but still makes me wonder on getting denied. It's not like it was a bad mark to me, basically I'll inquire later in the year for an increase.
On my newly Discover IT card, same thing, denied an increase (back in June). Yet today I just got notified my limit increased by $500 bringing to a total of $3500. Weird.
BUT...what I am really chuckling is that I just opened a membership at a credit union here in the Kansas City area yesterday (I relocated here for grad school temporarily). I opened a checking, savings and credit card. I was initially given a $2K card limit, but said "let's shoot for the stars and bump it up." I asked for $10K thinking they will go back and forth in between with the credit agency. So once they verified my info, I was gladly told I know have a $10K credit card on the way. Since I'm in the Midwest-KC area, they pulled my Transunion file, which is notoriously bearish on scores. Surprisingly, my score as of Tuesday was a 740-750 (range) and used that as leverage to ask for the bigger limit. Yet, I weekly look at my scores on BOTH Credit Karma & Amex Credit Secure...and both my TU scores are lower on their sites.
Are you telling me, that my score checked on the same day/time from the same credit agency can be different depending on who I get it from? Credit Karma, Amex CS, and even a new bank or credit union? I'll admit I'm quite lost at that and will do more research, but alas I'm all good. So from being denied a 3x credit increase from Amex yields a nice $10.5K of new and increased credit. Go figure. I'm sure we all may have similar stories, but it's like you can never figure the system out in its entirety. Whatever.
AmEx Platinum 2009 & Blue Cash 2012 $3.5K
BofA BankAmericard 2012 $5K | Chase Sapphire Preferred 2012 $10K & Amazon 2007 $1.5K Slate 2013 $2.2K
Community America Credit Union Platinum 2013 $10K
Discover Cashback 2007 $7.5K & It 2013 $5.5K | Citi Simplicity 2011 $4.4K & Diamond Preferred 2011 $2.4K