I'm debating app'ing for a BCP towards the end of January to maximize backdating, I have a fully paid C/O account originally opened in 2007 and closed in 2009. I'm curious if I stand good odds at approval with my current credit scores (I have no clue what EX is but know Amex pulls them almost always), 4 inquiries by the time i apply (2 cc, 2 auto loan). I PIF every month and it's been over 3.5 years since my PIF C/O with Amex with perfect payment history since. My income is currently $125,000 AAoA is 5 years.
I'd really like to add this card to my wallet, 3x CLI and cancel my awful Capital One Platinum but don't want to get stung with another HP for nothing though. Thoughts?
napplegate wrote:I'm debating app'ing for a BCP towards the end of January to maximize backdating, I have a fully paid C/O account originally opened in 2007 and closed in 2009. I'm curious if I stand good odds at approval with my current credit scores (I have no clue what EX is but know Amex pulls them almost always), 4 inquiries by the time i apply (2 cc, 2 auto loan). I PIF every month and it's been over 3.5 years since my PIF C/O with Amex with perfect payment history since. My income is currently $125,000 AAoA is 5 years.
I'd really like to add this card to my wallet, 3x CLI and cancel my awful Capital One Platinum but don't want to get stung with another HP for nothing though. Thoughts?
Do you already have a charge card with AMEX or do you mean you had a charge card that defaulted?
Charge-off. I was laid off in December of 2008 and had to go on a payment plan for my Platinum card. My next employer bounced a very large payroll check due to a banking error and I was defaulted out of the payment plan after bouncing a check to Amex. I was foolish enough to accept their promise that I PIF for the remaineder of the balance it wouldn't negatively affect my credit score. Lesson learned, get everything in writing. I've been trying to build back up from a 120+day late since the C/O in June of 2009.
On a side note, I've been receiving offers for Gold Rewards cards constantly. Would it perhaps be wiser to get a Gold card to re-establish a relationship and then app for a revolver?
napplegate wrote:Charge-off. I was laid off in December of 2008 and had to go on a payment plan for my Platinum card. My next employer bounced a very large payroll check due to a banking error and I was defaulted out of the payment plan after bouncing a check to Amex. I was foolish enough to accept their promise that I PIF for the remaineder of the balance it wouldn't negatively affect my credit score. Lesson learned, get everything in writing. I've been trying to build back up from a 120+day late since the C/O in June of 2009.
On a side note, I've been receiving offers for Gold Rewards cards constantly. Would it perhaps be wiser to get a Gold card to re-establish a relationship and then app for a revolver?
Yes it would be wise to get another charge card before a revolver because of your past history with AMEX. But I maybe wrong, but some members on here did get a revolver after a paid C/O.
Hmm, I truly don't share some of the card crazy apping that some people on this site embrace so I'd very much prefer not to get another card just for the sake of doing so. Would I be able to apply for the BCP and also apply on the same day for the Premeir rewards Gold card? Would my odds be good enough for the BCP that I don't need to double down? The BCP would literally end my search for CC's for quite sometime. My mother is also adding me as an AU on a 20 plus year old Cap1 account with 0% util and a very generous tradeline. I don't know if this would help my situation at all?
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