Attempted a CLI today

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MemberSince99
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Attempted a CLI today

Postby MemberSince99 » Sun Dec 29, 2013 12:47 pm

On the BCP. I saw it had been more than 90 days since I was declined for the 61 day CLI due to "previous delinquency".


Anyone wanna guess the result? If you guessed "declined for the same reason" you are a winner!


Oh well I think we've pretty well established that's my max limit on that card.


I'm going to keep the revolvers open, mainly because of backdating, but for sure I'm going to PC the BSP to the no-fee Blue Sky and the BCP to the no-fee BCE before the anniversary dates so at least they aren't costing me anything, and move the spend to other cards that have growth potential. I'll keep them open with a very small purchase occasionally just for backdating.


Same thing with CSP I am strongly thinking of PCing that card to a no-fee Freedom before the anniversary date. I'm only using it for a small monthly recurring fee right now which is a total waste of that card. I just don't see the point in giving the bulk of my spend to lenders who really don't much seem to want my business. I do understand don't get me wrong, but it's in my interests to cultivate other lenders at this point.


craigm1
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pain!!!!!!!!!!!!!!!

Postby craigm1 » Sun Dec 29, 2013 2:05 pm

I feel your pain, you know who I am, now most if not all my spending goes on my CSP card now I can finally have all my spending on one card. I spent about 35k this year on my bcp and this summer when no deal on the spg card, not even authorized user on my wife's account that has come to a screaming halt. It's the only way to send amex a message you know they are doing soft pulls occasionally on your credit they will eventually see what's going on. I didn't get approved for SPG but same month got a csp with 25k limit and a marriot reward pref with 20k.
Current Cards: American Express:Grandfathered Blue Cash CL 34k member since 89
Chase Freedom CL 7.5k member since 04
Chase Marriot Rewards Premier CL 20k member since 13
Chase Sapphire Preferred CL 25K member since 13
Bank Americard Cash Rewards Signature Visa CL 14k member since 11
Discover Cashback Bonus $10.5k member since 11
US Bank Cash + Signature Visa 19k member since 12
Citibank Thank You Preffered World Mastercard $16.5k member since 14

CC Deville
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Postby CC Deville » Sun Dec 29, 2013 3:01 pm

It is kind of ironic that they approved you, for not one, but two cards but refuse to issue a CLI. By their reasoning...they should have completely black listed you. I would for sure PC to no annual fee versions of the cards after the year is up.

Like you said, the backdating is great especially since the rest of your cards are so new.

MemberSince99
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Postby MemberSince99 » Sun Dec 29, 2013 3:26 pm

Well what's even more ironic is, on the charge card, maybe a month to 6 weeks ago, I put in 10k in the Will my charge be accepted box and it took it, and that's with a balance that was already on the card I hadn't paid, so for sure they would approve a charge for over 10k on the Gold. If I'm going to burn them, they know from past experience it can be done just as easily on a charge as a revolver. The only thing that makes any sense is they simply must not feel comfortable with the idea of me carrying a balance with them, as in a big balance. Understandable as they aren't nuts about the concept anyway as we know.


I really like the Gold and if nothing else I'd for sure leave that open for the long term. Honestly the only reason I see leaving the revolvers open is because I can PC them so they don't cost me anything to benefit from backdating. It's not like they have any future especially a 2k travel card. BCP not really a big deal but the limit on a travel card for me makes it a step above useless.


Nothing at all against them either, just how it is. Like I said you just have to acknowledge the reality on the ground, and build things with lenders who you can grow with. They didn't have to remove me from the blacklist, but let's be honest, they didn't do it because they found Buddha in their closet, they did it as a business move to make money. They'll still make money, but I really do have to shift my eggs to some other baskets so to speak, some of them anyway.

daniel2304
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Postby daniel2304 » Sun Dec 29, 2013 3:32 pm

I think they are giving you a second chance and they are very careful about how much they are willing to loose. Just give them time.
All my posts are my opinions. All my posts mentioned "you" are merely for discussion-purpose only. No advice is given in any post at any time. It is also impossible for me to put effort to verify every statement that anyone has given.

MemberSince99
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Postby MemberSince99 » Sun Dec 29, 2013 4:48 pm

I totally understand that. I'll just adjust what I do accordingly. It doesn't pay to pay fees on cards that have no growth potential, or to give the lions share of the spend. So I'll PC the ones that won't grow, and put the bulk of my spend into cards that will.


But I have no intention of closing them. I really do like the Gold card. I see Amex in my wallet for some time to come. I'm not thinking those cards will ever go above 2k, but who knows. I likely won't bother to try for a CLI on them for the near future. Doesn't really hurt my feelings, it just shows where things stand.


I really do want and need to concentrate on growing my cards with lenders things are better with. That's what I'll do.

Kripler68
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Postby Kripler68 » Tue Dec 31, 2013 9:16 pm

Seems odd for Amex to approve you for a card they are not willing to approve for higher limits.
You're numbers look good and limits on other cards are significant.

Strange.

MemberSince99
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Postby MemberSince99 » Tue Dec 31, 2013 9:53 pm

Yeah, I know. There must be a reason behind it. The only logical reason I can think of is they just want to be sure I'm not carrying a balance on them. Otherwise, I'm not sure why as the charge card has a pretty high internal limit.

Ikarus
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Postby Ikarus » Tue Dec 31, 2013 11:35 pm

Does AMEX prefer you not carry balances?

I ask b/c I recently did a balance transfer on my BCE that will take months to pay off.

Will that hurt my chances for a CLI?
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)

MemberSince99
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Joined: Sun May 20, 2012 4:35 pm
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Postby MemberSince99 » Wed Jan 01, 2014 7:13 am

They honestly seem to be a lender that doesn't mind people carrying a balance for a few months. People carrying a balance for a year or more, I've read stories they do not like that. In that respect they aren't like Discover or Citi. It might come from the charge card mentality or a combination of things.


So if you can pay them off in a matter of months, they probably won't mind that. I would worry only about utilization, remembering they use the last time they softed you.



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