topic Re: Chance of getting approved for the BCE? in Credit Cards

Chance of getting approved for the BCE?

528491 — Sat, 01 Dec 2012 15:47:57 GMT

I'd like to app for the Amex Blue Cash Everyday in January to help out my AAOA and get cashback on groceries. My oldest card is an AU on my mom's Chase Freedom (10 months). I also got a Capital One secured card in April ($200 limit), and a Discover It ($1500 limit) and an Amex Zync (NPSL) in August. I have since closed the CapOne card, which didn't really affect my score.

The worst part about my history is the fact that I have 8 inquiries on Equifax. However, I only have 4 inquiries on Experian, and from what I've heard, Amex is more likely to pull that one. 3 of those 4 inquiries on Experian will be over 6 months old by the time I app for the BCE in January. Do you think I have a good shot at it?

Re: Chance of getting approved for the BCE?

RyVision — Sat, 01 Dec 2012 15:51:50 GMT

If you've spent and paid well on your Z, and you have no "baddies" (derogatorys) on your reports, I think you'd have a fairly good chance but no guarantee.

Re: Chance of getting approved for the BCE?

528491 — Sat, 01 Dec 2012 15:59:17 GMT

I've been putting about $100 on it every month and paying it off before the statement cuts. My Discover has seen a lot more usage due to the 5% cashback. Hopefully Amex won't penalize me for not using the card that much.

Re: Chance of getting approved for the BCE?

SnackTrader — Sun, 02 Dec 2012 03:44:35 GMT

Let us know what happens when you go for it in January!

I will be applying for BCP in December, also with very short history, but without an Amex charge. I suppose you should check back in after my results, and see if that makes you gun shy (denial), or encourages you to pull the trigger (approval).

Re: Chance of getting approved for the BCE?

trumpet-205 — Sun, 02 Dec 2012 07:47:03 GMT

Apply Delta Gold then PC into BCE. Charging straight into BCE with limited credit history will almost nets you a denial. I tried it several times, couple of them while holding a Zync (now cancelled).

Zync does very little to get you an AMEX credit card. I holded the card for about a year and AMEX denied me everytime for BCE. I cancelled Zync and applied AMEX HHonors couple months later and was instantly approved. I then PCed into BCE right away.

Re: Chance of getting approved for the BCE?

bluesnowman — Sun, 02 Dec 2012 07:43:22 GMT

Like trumpet suggested, apply for the Delta and then PC it, and make sure to keep your history good with them. Amex will most likely pull EX for any card you apply. But I would say in general they would expect 1-1.5 years of history and card use before granting you the BCE. That was the reason that Chase gave me for denial (they wanted to see some more established accounts before they give me a card, they haven't seen the 3 I have applied and gotten accepted for yet, my goal is to try in May for it). I have 4 cards and I think it is more then enough for me for now.

Re: Chance of getting approved for the BCE?

armbenderc — Sun, 02 Dec 2012 08:05:18 GMT

trumpet-205 wrote:
Apply Delta Gold then PC into BCE. Charging straight into BCE with limited credit history will almost nets you a denial. I tried it several times, couple of them while holding a Zync (now cancelled).

Zync does very little to get you an AMEX credit card. I holded the card for about a year and AMEX denied me everytime for BCE. I cancelled Zync and applied AMEX HHonors couple months later and was instantly approved. I then PCed into BCE right away.

How long do you have to wait to PC? 1 year? After approval?

Re: Chance of getting approved for the BCE?

528491 — Sun, 02 Dec 2012 16:02:48 GMT

I'd like to know this as well.

Also, am I correct in thinking that if I get denied, it won't count as a hard pull since I have the Zync?

Re: Chance of getting approved for the BCE?

trumpet-205 — Sun, 02 Dec 2012 17:17:02 GMT

armbenderc wrote:
How long do you have to wait to PC? 1 year? After approval?

You don't need to wait. As soon as you receive the card just send a secure message to AMEX and they will PC the card right away.

528491 wrote:
Also, am I correct in thinking that if I get denied, it won't count as a hard pull since I have the Zync?

Yes, however AMEX will keep in mind about that application. On my third attempt on BCE while still holding that card, AMEX threw "numours applications with AMEX" as one of the denial reason to my face.

Re: Chance of getting approved for the BCE?

nicholasyud — Sun, 02 Dec 2012 17:23:33 GMT

trumpet-205 wrote:
armbenderc wrote:
How long do you have to wait to PC? 1 year? After approval?
You don't need to wait. As soon as you receive the card just send a secure message to AMEX and they will PC the card right away.

Did you do that before ??? ....I thought they required some history first before they can PC your card........I have a Delta and really wanna get the BCE since i dont flight at all.....Apps for the card because i wanna get my membership with 'em.....

Re: Chance of getting approved for the BCE?

trumpet-205 — Sun, 02 Dec 2012 18:02:43 GMT

nicholasyud wrote:
Did you do that before ??? ....I thought they required some history first before they can PC your card........I have a Delta and really wanna get the BCE since i dont flight at all.....Apps for the card because i wanna get my membership with 'em.....

Yes. That is how I finally ended up with a BCE.

Re: Chance of getting approved for the BCE?

nicholasyud — Sun, 02 Dec 2012 18:10:01 GMT

ARe you able to get your bonus sign up points thou ???

Re: Chance of getting approved for the BCE?

trumpet-205 — Sun, 02 Dec 2012 18:13:30 GMT

nicholasyud wrote:
ARe you able to get your bonus sign up points thou ???

I changed from HHonors to BCE right away. I didn't care about intro HHonors points.

If you want intro points/miles, get it first then convert.