topic Re: Declined for AMEX Green. Advice ? in Credit Cards

Declined for AMEX Green. Advice ?

pat0812 — Mon, 08 Oct 2012 13:36:19 GMT

I applied yesterday for the amex green and i got declined, because i don't have 6 months credit history (that's what experian report gave amex)

next month i will get to 6 months.

should i try again then ? will my inquiry from last night hurt my chances with amex in the future or it doesn't matter? i heard a lot of people got approved only after 2-3 applications

Re: Declined for AMEX Green. Advice ?

creditnocash — Mon, 08 Oct 2012 13:42:43 GMT

pat0812 wrote:
I applied yesterday for the amex green and i got declined, because i don't have 6 months credit history (that's what experian report gave amex)
next month i will get to 6 months.
should i try again then ? will my inquiry from last night hurt my chances with amex in the future or it doesn't matter? i heard a lot of people got approved only after 2-3 applications

if thats the only reason then yes. but i would wait a little longer. i mean since you dont have an amex yet id wait until december to do so.

then youll get backdating to 2012 no matter when you app again.

the more inq's will hurt you after a certain amount but they stop being in effect after 1 year and fall off of your reports after 2.

Re: Declined for AMEX Green. Advice ?

shakalaka — Mon, 08 Oct 2012 14:20:54 GMT

I was approved with 6 months history, but for the Zync. For it is no longer available, Green is the next logical card to apply for. But we do not know, what Amexco have changed since removing the Zync. Or if something new will follow the Zync. But I guess we should know by December.

I would also wait a little longer. What other TL do you have?

Amexco also likes to pull all three reports, if it is borderline (they did for me).

Re: Declined for AMEX Green. Advice ?

Koop10010 — Mon, 08 Oct 2012 14:41:21 GMT

I would apply again in December. I was approved for a Gold card with 8 months history, so it should be do-able.

Re: Declined for AMEX Green. Advice ?

pat0812 — Mon, 08 Oct 2012 15:03:47 GMT

I have a Wells fargo $300 secured card

Capital One Platinum (unsecured) $500

Walmart Store Card $400

Always PIF and i never go above 9% UTI

Never made a payment late, my report is clean

The only thing is that I have only 5 reported months on my report

So you all say i should wait till December and get my first score to see which card i should apply for ? What are my chances with the green or gold ?

Re: Declined for AMEX Green. Advice ?

shakalaka — Mon, 08 Oct 2012 15:07:03 GMT

pat0812 wrote:
I have a Wells fargo $300 secured card
Capital One Platinum (unsecured) $500
Walmart Store Card $400

Always PIF and i never go above 9% UTI
Never made a payment late, my report is clean

The only thing is that I have only 5 reported months on my report

So you all say i should wait till December and get my first score to see which card i should apply for ? What are my chances with the green or gold ?

Depends what follows after ZYNC. But in December you should be good to go for Green. 5 months was/is the problem. There should be at least one TL with 6 months reporting.

I would wait until December. The will most certainly pull all three cr, and if you are not approved in November ... Patience is your friend. I know it is hard. But December will still give you 2012 for backdating later.

Re: Declined for AMEX Green. Advice ?

pat0812 — Mon, 08 Oct 2012 15:14:12 GMT

By the way i have already 6 inquiries on my credit report (6 hard pulls), because i'm new and i had to try my luck ( i had 2 of the waisted on stupid things, but i guess you need to learn from mistakes)

Will this hurt me a lot ? or if my accounts are in good standing i should be fine ?

Re: Declined for AMEX Green. Advice ?

shakalaka — Mon, 08 Oct 2012 15:19:43 GMT

If you stop applying, you should be fine. Inq are discussed often here and the opinions differ. I was approved for Discover with 7 Inq on my EQ in 6 months. As long as you do not have Inq with no new TL (declines for approval) you will be fine I think.

Garden what you have till December and then shout again. Also you can use the pre approval from Discover and if pre app shout for it. I did the same. But again, patience is your friend. In one year from now you will be way into prime.

Re: Declined for AMEX Green. Advice ?

nissanaltimacrazyhorse — Mon, 08 Oct 2012 18:01:44 GMT

wait till december like people said you will back date all of 2012

Re: Declined for AMEX Green. Advice ?

creditnocash — Mon, 08 Oct 2012 20:00:17 GMT

shakalaka wrote:
I would wait until December. The will most certainly pull all three cr, and if you are not approved in November ... Patience is your friend. I know it is hard. But December will still give you 2012 for backdating later.

i dont think its a certain card.

i had 4 pulls on ex. 2 cards reporting 18months +

amex pulled all 3 of my reports and gave me a 500 cl on zync

aaoa was 8/9 months.

not to discourage you.

im sure if i apped for green instead of zync i would have gotten it.

Re: Declined for AMEX Green. Advice ?

youngandcreditwrthy — Mon, 08 Oct 2012 21:02:11 GMT

Hmm idk. Does Amex really only require 6 mos of aaoa?

I spent several years building credit to get my Amex BCE.

Best of luck!

Re: Declined for AMEX Green. Advice ?

shakalaka — Mon, 08 Oct 2012 21:05:39 GMT

Well for charge cards it does. I was approved for Zync NPSL with 6 months and yesterday a member was approved for Green with 6 months. For revolver I do not think so.

Re: Declined for AMEX Green. Advice ?

alboto — Mon, 08 Oct 2012 21:50:46 GMT

Whats the minimun time for a revolver (BCE) ???

Re: Declined for AMEX Green. Advice ?

Revelate — Mon, 08 Oct 2012 22:50:56 GMT

youngandcreditwrthy wrote:
Hmm idk. Does Amex really only require 6 mos of aaoa?

I spent several years building credit to get my Amex BCE.

Best of luck!

Depends on product, I don't think I've seen anyone be approved for a revolver with less than a year of history here anecdotally.

Also it's on one's oldest tradeline (perhaps only revolving), not necessarily AAoA in this case.

To the OP: make certain you apply at or before the middle of December, don't wait till the end of the year as some people reported difficulty getting the '11 member date last year when they made an application in the waning days of 2011.