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DansDeals Forum => Credit Cards => Topic started by: txtmax4 on December 19, 2009, 10:12:41 PM

Title: Starwood AMEX credit limit increase
Post by: txtmax4 on December 19, 2009, 10:12:41 PM
I have a Starwood AMEX with $12.000 CL and I just called them to increase my CL. they said that if I request up to triple the amount of my current CL, that I would likely be approved.
So I asked them to bring it up to $35.000, and the guy said that I should verify my annual income, so I told him that I make $110.000 a year (not true).
After the guy put the request through, he said that they would be getting back to me within 7-10 days.
Last time I requested them to increase my limit from 5.500 to 10.000 they did it on the spot.
my question is: Have I just been sent to AMEX's dreaded "financial review team"?
The reason for asking this is because the guy said that if I wanted a quicker response, I can call on monday, since "that" dept. is closed on weekends. So if, indeed, I've been forwarded to them, I rather call them on sun. (tomorrow), and cancel my credit increase request...
Anything, not to get on AMEX's black list...
Title: Re: Starwood AMEX credit limit increase
Post by: MOSES on December 19, 2009, 10:27:12 PM
Not a hundred percent sure, but i think they are just going to review your account, and see if they want to give you such a big increase. keep login in online to see if your CL changed. sometimes they will change it quicker than 7 days and notify you by post.
good luck
Title: Re: Starwood AMEX credit limit increase
Post by: Dan on December 20, 2009, 12:26:06 AM
Having an AMEX limit of 25K+ is said to be a trigger for a financial review.
Title: Re: Starwood AMEX credit limit increase
Post by: steve2 on December 20, 2009, 12:53:50 AM
Having an AMEX limit of 25K+ is said to be a trigger for a financial review.

 last yr when Amex was cutting everyones CL they raised mine w/o my asking to over 50k, no FR or anything
Title: Re: Starwood AMEX credit limit increase
Post by: Dan on December 20, 2009, 01:06:38 AM
last yr when Amex was cutting everyones CL they raised mine w/o my asking to over 50k, no FR or anything
I wish you luck in not getting FR'ed then!
Title: Re: Starwood AMEX credit limit increase
Post by: MOSES on December 20, 2009, 11:27:47 AM
Dan,
What CL's do you have on your amex's? If you dont mind sharing
Title: Re: Starwood AMEX credit limit increase
Post by: txtmax4 on December 20, 2009, 02:31:24 PM
txtmax4 (ORIGINAL POSTER)
I just called back and asked them what's the name of the department that's going to be calling me back, I said: "is it the financial review team?" and they said: "no, its the credit limit department".
AM I SAFE???????
Title: Re: Starwood AMEX credit limit increase
Post by: steve2 on December 20, 2009, 03:22:37 PM
I wish you luck in not getting FR'ed then!

 Now if I asked them to raise it Youd be 100% correct, when they do it by themselves I believe theres nothing to worry about, since the acct will be noted that they themselves raised it w/o my asking
Title: Re: Starwood AMEX credit limit increase
Post by: MOSES on December 20, 2009, 03:32:16 PM
txtmax4 (ORIGINAL POSTER)
I just called back and asked them what's the name of the department that's going to be calling me back, I said: "is it the financial review team?" and they said: "no, its the credit limit department".
AM I SAFE???????
If you ask me you were better of without asking them!!!!!!!!!!!!!
Title: Re: Starwood AMEX credit limit increase
Post by: txtmax4 on December 20, 2009, 05:11:57 PM
DAN!! please! what do you think I should do??
Title: Re: Starwood AMEX credit limit increase
Post by: steve2 on December 20, 2009, 06:21:41 PM
DAN!! please! what do you think I should do??

Im not Dan but at this stage if I was you Id simply do nothing and wait it out, no way I can think of to undo it and calling them Id think would only cause them to try and figure out why you are so worried if everything is on the up & up
Title: Re: Starwood AMEX credit limit increase
Post by: jack on December 21, 2009, 10:54:37 PM
last yr when Amex was cutting everyones CL they raised mine w/o my asking to over 50k, no FR or anything

They raised mine too without my asking but I hit FR when I applied for a charge card.
Title: Re: Starwood AMEX credit limit increase
Post by: steve2 on December 21, 2009, 11:07:03 PM
They raised mine too without my asking but I hit FR when I applied for a charge card.

 Amex recently sent me an app for the new Gold Premeir CC preapproved with 15k after $1k in spending, I got it no FR. Thats with a 20k+ HH CC and my SPG over 50k. Figured what the hay another 15k for  CO

 I feel its a YMMV issue, and calling in to get something raised or for another new CC might raise the Flag on a person especially if the #s are far apart from what they have on file. thats besides Amex going over their records and making sure they feel the person to whom they issued a CC is stable and can handle it, alot of banks have been doing this lately and probably will so for awhile to come
Title: Re: Starwood AMEX credit limit increase
Post by: flyer11204 on December 27, 2009, 12:18:19 AM
They raised mine too without my asking but I hit FR when I applied for a charge card.

whats FR?
Title: Re: Starwood AMEX credit limit increase
Post by: jack on December 27, 2009, 12:34:24 AM
Financial review.

I got after signing up for a plat - on the phone with a rep and she convinced me.  Wait 30 days and if nothing u should be fine... for the mean time.
Title: Re: Starwood AMEX credit limit increase
Post by: flyer11204 on December 27, 2009, 12:38:12 AM
dd you get approved?
Title: Re: Starwood AMEX credit limit increase
Post by: Smirk on March 01, 2011, 11:37:50 AM
Having an AMEX limit of 25K+ is said to be a trigger for a financial review.

For business and personal cards does it go per card or both combined?
(i had a 5k limit and called for a increase and they instantly gave me a increase to 15k)
Title: Re: Starwood AMEX credit limit increase
Post by: Dan on March 01, 2011, 11:39:49 AM
For business and personal cards does it go per card or both combined?
(i had a 5k limit and called for a increase and they instantly gave me a increase to 15k)
Per card.
Title: Re: Starwood AMEX credit limit increase
Post by: kivabb on March 17, 2011, 03:43:56 PM
I have a 5K limit on my SPG personal card and 3K limit on business card (with same name on it). If I want to close the business account, can I ask them to simply move the 3K over to the personal and save myself a credit pull? Or not worth messing with?
Title: Re: Starwood AMEX credit limit increase
Post by: AsherO on March 17, 2011, 03:52:23 PM
I have a 5K limit on my SPG personal card and 3K limit on business card (with same name on it). If I want to close the business account, can I ask them to simply move the 3K over to the personal and save myself a credit pull? Or not worth messing with?

I don't think they do this anymore, even less likely for biz to personal. But you can always try.
Title: Re: Starwood AMEX credit limit increase
Post by: Dan on March 17, 2011, 04:25:37 PM
I don't think they do this anymore, even less likely for biz to personal. But you can always try.
I read they actually do allow credit line transfers again but I haven't verified that yet.  Call and see.
Title: Re: Starwood AMEX credit limit increase
Post by: MOSES on March 20, 2011, 08:06:55 PM
I read they actually do allow credit line transfers again but I haven't verified that yet.  Call and see.
Can you do it online, like the old days?
Title: Re: Starwood AMEX credit limit increase
Post by: arie on March 21, 2011, 11:21:35 PM
I read they actually do allow credit line transfers again but I haven't verified that yet.  Call and see.
i recently got approved for an amex cc, and in a separate letter received from amex, it said, that i can transfer credit from a different card to the new one. when i called they said they will only transfer credit to this specific new card and not to any other.
Title: Re: Starwood AMEX credit limit increase
Post by: txtmax4 on March 22, 2011, 08:10:11 PM
OP here:

I guess it's nice to report the happy ending (or should I say continuation) of my story...

BH, as of today I'm holding at 28K CL on that same card. I make sure not to owe a penny over 14K though...