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Justrebuilding
Posts: 111
Registered: ‎12-28-2012
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AMEX after BK- what are my chances?

Hi All, I am hoping to qualify soon for an AMEX BCE. What do you think my chances are?

I had a BK in 08, nothing from AMEX included. I've had two corporate AMEX cards through work since 09, but that is the only relationship I've had with them.

I have 2 inq on EXP, 5 on TU and 4 on EQ this year. I was considering hanginging out in the garden til Jan and then applying.



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mauwow0682
Posts: 288
Registered: ‎08-24-2010
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Re: AMEX after BK- what are my chances?

What is soon? A few people have gotten Amex about a 1-2 years before BKs fall off.

I'd say its a bit dicey for the foreseeable future for any Amex product.

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Open123
Posts: 4,220
Registered: ‎02-23-2011
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Re: AMEX after BK- what are my chances?

Historically, Amex hasn't been too BK friendly.  Applying for an Amex with a BK reporting is "hit or miss," at best.

Valued Contributor
visorboy1974
Posts: 1,132
Registered: ‎05-17-2010
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Re: AMEX after BK- what are my chances?

I'd say don't even try before 8 years...

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FinStar
Posts: 6,990
Registered: ‎10-21-2012
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Re: AMEX after BK- what are my chances?


Open123 wrote:

Historically, Amex hasn't been too BK friendly.  Applying for an Amex with a BK reporting is "hit or miss," at best.


+1

 

The majority of times individuals will not be approved (even if using the EO channel) if there is a presence of BK on your CRs.

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09Lexie
Posts: 26,660
Registered: ‎09-13-2012
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Re: AMEX after BK- what are my chances?

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myjourney
Posts: 26,659
Registered: ‎02-07-2013
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Re: AMEX after BK- what are my chances?

Not worth the HP for the attempt IMHO

Not friendly at all 

 

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Established Member
911GT3
Posts: 22
Registered: ‎04-19-2013
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Re: AMEX after BK- what are my chances?


Justrebuilding wrote:
Hi All, I am hoping to qualify soon for an AMEX BCE. What do you think my chances are?

I had a BK in 08, nothing from AMEX included. I've had two corporate AMEX cards through work since 09, but that is the only relationship I've had with them.

I have 2 inq on EXP, 5 on TU and 4 on EQ this year. I was considering hanginging out in the garden til Jan and then applying.


7 and a 1/2 years and still no go with Amex...just as of last month. Same story on denial and recon.....they tell you you have past bk blah blah blah......Citi, Chase (recon) Approved just fine.

Super Contributor
enharu
Posts: 7,132
Registered: ‎02-27-2013
0

Re: AMEX after BK- what are my chances?

Sad to say but like the others have posted, American Express is very risk adverse.

Even an unpaid collections or charge off is very likely to result in a denial.

Best bet is to wait till it falls off completely. In the meantime there's plenty of other options to check out.

 

Best of luck!

 

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rudy0720
Posts: 220
Registered: ‎08-10-2012
0

Re: AMEX after BK- what are my chances?

I am 9 years out from a Chapter 7 and the answer is still no but they were included in BK

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