Declined for 61 day CLI

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MemberSince99
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Declined for 61 day CLI

Postby MemberSince99 » Fri Aug 02, 2013 6:09 am

Today was the big day so I dufitifully filled in the info thinking going from 2k to 6k SHOULDN'T be a huge thing, and got the results - declined.

Why?

We regret to inform you that your request has been declined.

Reason(s) for Our Decision

Your American Express account(s) indicates previous delinquencies.

So, so much for my Amex cards growing I guess.

Like Discover, Amex clearly isn't going to grow with time.

So I guess at this point I'll go for soft CLIs on my FNBO card every 4 months and after 6 months if no auto luv from Chase (and there probably won't be given my "previous delinquencies" with them) I'll ask for a CLI. If declined, well I guess it's a good thing I kept the Associated card and at that point I'm going to re-evaluate my cards and I'm pretty sure the vast majority of swipes will start going to lenders I have a future with.

In fact I'm thinking now may be a good time to try that. It's just obvious that in the case of Discover and Amex I can't use them heavily pay in full and ever see increases so why bother.

Kinda disappointing, but I understand, but if they can't ever grow, they aren't that much use especially the travel card a 2k limit doesn't get you very far with that. (The BCP I could live with having a 2k limit for all eternity).

Amex just never forgives so even if you get back in, it won't be smooth sailing, I can tell you that much. Might be better to just not bother with it and go with lenders who will grow with you.


AMEXPlatino86
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Postby AMEXPlatino86 » Fri Aug 02, 2013 7:49 am

99 you just got out the gate with these cards. Believe me I was just turned down myself for a cli for my Delta and was a bit disappointed especially since I had just gotten an increase on my Barclays. But at some point someone or something is going to deflate out credit ego.

So at point just wait the 90 days like I'm doing and continue on with your usage.
Wells Fargo Platinum 2.100 (5/2011-cld 7/12/14)
AmEx Platinum (6/12)
Barclays Apple (6/12)
AMEX Gold Delta (5/13)
Marriott Rewards (7/14)

My credit score :cool:
EQ: unknown
EX: 762
TU: 752

MemberSince99
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Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Fri Aug 02, 2013 8:07 am

Oh it's not the deflation of the ego that concerns me here. I've had PLENTY of that both credit wise and in the rest of life. In terms of practical purposes, Amex just never really forgives.

So these cards in my view have no long term future.

The only current cards that have any growth potential which I have currently is Associated (and at over 20k you have to wonder how much if any that will grow but honestly I don't care if that grows much more) and FNBO, which most likely will grow with time.

Amex and Discover, well Amex because I burned them and Discover just because they are Discover I have no hope with.

Kind of wish I had kept my BofA card but that's hindisght really.

Oh I almost forgot Chase, but to be honest I don't expect any growth there. I mean why would they I burned them?

But still, given that why give me cards at all?

Anyway from a practical point of view, looking out for me, there is little sense to putting money through cards that don't grow I may as well give the swipes to cards that do.

I see no flaws in that. I guess I'm just relating my experience so others will see how things can go for their own benefit. Doesn't have to do with my ego, I wasn't spurned by some hot chick (though I could change that easily enough) or anything. Just posting the info so others can make best use of it for their situations. If you burn Amex, this is what may happen to you. And as a side note, having noted that, it's best to move the swipes to my cards that can grow.

AMEXPlatino86
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Postby AMEXPlatino86 » Fri Aug 02, 2013 8:45 am

Sorry if I confused you. I wasn't a real credit ego per se. But I can say I felt on top of the world because I was ready for my second 5k plus card. And for them to say that I have too muck to owe them (it's a long story) really put me back in my place a little bit.

Business still wants business hence why they gave you the card. Like you even said they are watching you very closely to see what you will do and at this point they aren't ready but I bet they will give in eventually and let you grow. Discover on the other hand is a different story from what I read.
Wells Fargo Platinum 2.100 (5/2011-cld 7/12/14)
AmEx Platinum (6/12)
Barclays Apple (6/12)
AMEX Gold Delta (5/13)
Marriott Rewards (7/14)

My credit score :cool:
EQ: unknown
EX: 762
TU: 752

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Fri Aug 02, 2013 10:11 am

In your case you can still get it. Me, I can't change the fact that yes, my account was delinquent. So, it is what it is.

I'm sure you will get it hang in there. Me, I'm not going to worry about it as I can't change that fact now. The past is the past what's done is done. Do I wish I hadn't burned them? Yes, I do. Doesn't change the fact I did.

I still feel like I will just hold onto my Amex cards but will put more swipes towards other lenders I don't have a damaged relationship with. Just seems prudent to maintain those to me.

I do think you are ready for your next 5k card, hopefully it comes soon for you!

AMEXPlatino86
Centurion Member
Centurion Member
 
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Joined: Mon Feb 18, 2013 5:51 pm
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Postby AMEXPlatino86 » Fri Aug 02, 2013 10:24 am

Well that's the thing you have to maintain all relationships even when you think the relationship isn't at its best. I'm working on it. Maybe things will come around the second time around.
Wells Fargo Platinum 2.100 (5/2011-cld 7/12/14)
AmEx Platinum (6/12)
Barclays Apple (6/12)
AMEX Gold Delta (5/13)
Marriott Rewards (7/14)

My credit score :cool:
EQ: unknown
EX: 762
TU: 752

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Fri Aug 02, 2013 10:28 am

Googling it, I've read speculation that when you get that, you are denied CLIs forever until you pay the past debt. Who knows if it's true but I wouldn't doubt it.

I'm just not going to worry about what happens here. I won't bother going for further CLIs with them or further cards and will concentrate on lenders I can have positive relationships with. I don't blame Amex, and understand where they are coming from completely. I just don't really see the sense in trying to mend fences that can't be mended and I'd rather work on other things.

TheLethargicAge
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Location: Miami, Cuba

Postby TheLethargicAge » Fri Aug 02, 2013 10:49 am

MemberSince99 wrote:Anyway from a practical point of view, looking out for me, there is little sense to putting money through cards that don't grow I may as well give the swipes to cards that do.


Uh, rewards, perhaps? How about 6% cash back at supermarkets that can be used to buy prepaid Visa/MC cards that you can use to pay for other stuff? It's way better than the fake Amex will give you, regardless of how much it "grows".
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)

AMEXPlatino86
Centurion Member
Centurion Member
 
Posts: 244
Joined: Mon Feb 18, 2013 5:51 pm
Location: New York, NY

Postby AMEXPlatino86 » Fri Aug 02, 2013 10:59 am

Then how do you expect to grow if you stop attempting. Don't obsess with it but don't throw it in the back drawer either. You paid off the debt to everyone right?

MemberSince99 wrote:Googling it, I've read speculation that when you get that, you are denied CLIs forever until you pay the past debt. Who knows if it's true but I wouldn't doubt it.

I'm just not going to worry about what happens here. I won't bother going for further CLIs with them or further cards and will concentrate on lenders I can have positive relationships with. I don't blame Amex, and understand where they are coming from completely. I just don't really see the sense in trying to mend fences that can't be mended and I'd rather work on other things.
Wells Fargo Platinum 2.100 (5/2011-cld 7/12/14)
AmEx Platinum (6/12)
Barclays Apple (6/12)
AMEX Gold Delta (5/13)
Marriott Rewards (7/14)

My credit score :cool:
EQ: unknown
EX: 762
TU: 752

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Fri Aug 02, 2013 11:18 am

Nope I never paid off Amex. Nor Chase.

The debts are years past statute and fell off my reports years ago as well.

As for the "fake" Amex, at least when I call I get an American I can understand who can help me. Try that with my "real" Amex cards sometime and it['s a crapshoot as to who you get. Just saying.

If I wanted a card that had no chance to grow and mediocre service I could have kept CapOne. I want more at this point, I have had and have more. So why I have Discover makes no sense at all but that's another story. The Amex cards at least give backdating and are worth keeping for that, I'm just saying they won't get the lions share of the swipes at this point, I'll give those to cards that can grow. Like the "fake" Amex for example.



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