I forgot to mention that AMEX sent me pre-selected letters once every month since Feb. They pulled soft inq on TU every month since Feb 08 and then I tried their pre-approved link on 4/08 and it gave me 4 offers. I decided to apply on 4/08 and they declined me for the following reasons:
1. Too few spending on revolving accounts (this is not true because I try to use all my credit and then pay off the balance before the billing cycle ends to make sure the balance is 0 on the reports. So my reports show the following
Balance is 0 paid as of 6/08 high balance 800 credit limit 1000
2. Too new accounts (if this is true then why did they give me 4 offers from their pre-approved link and why do they keep sending me pre-selected letters) my accounts were 8 months old when I applied
This is what I learned from this experience:
1. The pre-approved link is not true because I 've never seen any soft inq on any of my reports on the date or week that I used the link
2. The pre-selected letters that they send don't mean you are qualifed even if nothing changed on your reports since they pulled the soft inq. In my situation, nothing changed on my reports since they pulled soft inq and all my reports have the same data.
Even though my credit is so new (10 months). I don't understand why my fico is 730 EX, 745 TU, and 715 EQ. If the fico system is correct then why AMEX ignored this high score. It indicates that not all banks make decision based on FICO
