Did I Blow It?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
9 posts
darkguy2
Centurion Member
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Posts: 607
Joined: Thu Jan 24, 2013 12:24 am
Location: United States

Did I Blow It?

Postby darkguy2 » Mon Apr 14, 2014 4:38 pm

Well my Amex just hit 61 days so I wanted to try to 3X increase. I went online and asked for $10,500. I was hoping to get a counter offer but I got the 7-10 day message which I assume is a denial. I probably should have waited as I have a few hundred on the card and my overall utilization is around 38% since I have 0% interest on my Freedom and Amex. I did not get a email about it like I heard some have and Amex has not called me. Does this mean that I jumped the gun and have to wait 6 months to try again? Is it possible that they will give me a partial increase? My income has increased several thousand from last year but I do not have any proof since I do not start work again until next month.
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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djrez4
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Location: United States

Postby djrez4 » Mon Apr 14, 2014 5:03 pm

Let's wait 7-10 days to find out!

On the bright side, if they deny you, you only have to wait 90 days.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

linuxmachine
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Posts: 309
Joined: Thu Feb 27, 2014 11:10 pm
Location: los angeles

Postby linuxmachine » Mon Apr 14, 2014 6:07 pm

Sometimes they don't respond immediately. I've gotten plenty of 7-10 (up to 30) day responses, but a simple call the next day let me know everything was approved already. For some reason, their systems didn't trigger notification

darkguy2
Centurion Member
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Posts: 607
Joined: Thu Jan 24, 2013 12:24 am
Location: United States

Postby darkguy2 » Tue Apr 15, 2014 8:42 am

I would like to call but I am afraid that if I do they will ask me about my income and try to get proof which I will not have till the end of the month.
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)

alb3rt018
Gold Member
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Posts: 26
Joined: Tue Mar 13, 2012 12:23 pm
Location: orlando/fl

Postby alb3rt018 » Tue Apr 15, 2014 11:16 am

10k ? i only ask 6k with income of 22k.
Amex Gold:
Amex Jetblue 6k
Chase Sapphire Preferred 5k
Discover 3k
Capital One Venture 3k
Capital One Quiksilver 2k
Capital One MTV 500

darkguy2
Centurion Member
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Posts: 607
Joined: Thu Jan 24, 2013 12:24 am
Location: United States

Postby darkguy2 » Tue Apr 15, 2014 12:11 pm

I did not really expect to get the full amount. I was hoping I would get a counter offer.
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)

mrow
Platinum Member
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Posts: 85
Joined: Sun Apr 06, 2014 9:13 pm
Location: Wilmington, DE

Postby mrow » Tue Apr 15, 2014 3:56 pm

darkguy2 wrote:I would like to call but I am afraid that if I do they will ask me about my income and try to get proof which I will not have till the end of the month.


With all my cards across all the different issuers I've never had one ask for proof of income.

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Dr.Mark
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Joined: Tue Mar 18, 2014 4:01 pm
Location: London - UK

Postby Dr.Mark » Tue Apr 15, 2014 4:00 pm

mrow wrote:With all my cards across all the different issuers I've never had one ask for proof of income.


Neither have I. Which makes me think that the income doesn't probably count that much towards the approval.
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[font=Times New Roman]British Airways American Express[/font] [color=green][9000£][/color]
[font=Times New Roman]American Express Platinum Cashback Everyday[/font] [color=green][6000£][/color]
[font=Times New Roman]Barclaycard Platinum[/font] [color=green][16600£][/color]
[font=Times New Roman]Virgin Balance Transfer[/font] [color=green][9600£][/color]

TCL - [color=red]41200£[/color]

rockyrock
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Joined: Thu Mar 21, 2013 6:06 am
Location: Ventura, CA

Postby rockyrock » Tue Apr 15, 2014 10:52 pm

In my experience, having a higher utilization isn't a negative, it's proof you need a higher limit. I have never been denied an increase when I was actively using a card. In fact I usually only ask for a CLI when my utilization average reaches 50% or higher each month.

As always, YMMV.
American Express (2005): Premier Rewards Gold & Blue Cash Preferred
Chase: Freedom & UA Club USAA: Signature Visa & American Express
Discover it Bank of Hawaii Hawaiian Airlines WEMC Synchrony Sam's MC
Navy FCU Platinum Visa Citi Double Cash & AT&T Access MC



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