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Amex APP

Super Contributor

Re: Amex APP

I just applied Lowe's American Express Business card earlier today. I got approved. Now, it is pending. 

 

 

Ron.

Message 11 of 17
Established Contributor

Re: Amex APP

I applied for the BCP yesterday but still have not received a decision.


Starting Score: EX: 575 (PSECU 5/2/12) TU: 582 (3/6/12) EQ: 664 (4/27/12)
Current Score: EX: 699 (PSECU 06/04/14) 702 (my FICO 08/05/14) TU: 699 (08/01/14) EQ: 675 (07/08/14)
Goal Score: 720
20K PSECU 7/12 | 12K USAA 9/12 | 11K BOA 1-2-3 9/12 | 9K Citi HHonors 9/12 | 8.5K Citi AAdvantage 5/08 | 5K Chase Sapphire Pref. 9/12 | 3.8K Barclays USAir 7/12 | 6K Walmart Dis. 11/12 | 1K Amex SPG 11/12 | 2K Amex BCP 1/13
Message 12 of 17
Established Contributor

Re: Amex APP


creditnocash wrote:

well if youd like an update kobe. 

 

just got off the phone with new accounts 

listed many reasons for denial but glad it was a soft pull. 

 

ex score said was 721!!! woot. lol(surprised with my high balances LOL)

 

number of new accounts 

too many inquries in the past 12 months( 6 for fico purpose) 

credit balance vs limit too high (20%)

installment loan balance to loan amount too high(got my car in august so yeah!) 

and ding ding ding 

Not an established customer of amex (yes he actually said that) 

got my zync august 30th so i guess 

oh well off too the garden until september. 


thx for the update.. i guess I will wait as long as I can for next app ..... do you have a Zync NPSL or PSL??? am surprised you got denied since you have a high score.... any baddies??


Starting Score: MYFICO 12/30/15 -TU: 481, EQ:561, EX:532 - BK7 DISCHARGED 12/2015 - Current: 09/01/2016 TU:642 EQ: 651 EX: 646
NFCU cashRewards:$6200 QS:$1500 Merrick:$1200 Cabelas:$1000 SonyVisa: $500 JCrew:$850 Overstock:$850 Express: $1050 PaypalCredit:$2150 NAVCHECK:$10K
Message 13 of 17
Valued Contributor

Re: Amex APP


kobe2012 wrote:

creditnocash wrote:

well if youd like an update kobe. 

 

just got off the phone with new accounts 

listed many reasons for denial but glad it was a soft pull. 

 

ex score said was 721!!! woot. lol(surprised with my high balances LOL)

 

number of new accounts 

too many inquries in the past 12 months( 6 for fico purpose) 

credit balance vs limit too high (20%)

installment loan balance to loan amount too high(got my car in august so yeah!) 

and ding ding ding 

Not an established customer of amex (yes he actually said that) 

got my zync august 30th so i guess 

oh well off too the garden until september. 


thx for the update.. i guess I will wait as long as I can for next app ..... do you have a Zync NPSL or PSL??? am surprised you got denied since you have a high score.... any baddies??


i have the psl 500 blah

it was the last card of my summer spree (so most if not all of my new cards got reported already.) and my car loan inq were already there ontop of my bank happy ones.

 

no baddies per se. 

low aaoa.  (9.5 months) 2 cards over 2 year mark though. 

high inquries.

high util due to christmas shopping. 

 

i honestly apped for this card for my score and would have been happy to add the backdating. that's all. 

 

no bk or any lates or charge offs. 

 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000
Message 14 of 17
Valued Contributor

Re: Amex APP


creditnocash wrote:

well if youd like an update kobe. 

 

just got off the phone with new accounts 

listed many reasons for denial but glad it was a soft pull. 

 

ex score said was 721!!! woot. lol(surprised with my high balances LOL)

 

number of new accounts 

too many inquries in the past 12 months( 6 for fico purpose) 

credit balance vs limit too high (20%)

installment loan balance to loan amount too high(got my car in august so yeah!) 

and ding ding ding 

Not an established customer of amex (yes he actually said that) 

got my zync august 30th so i guess 

oh well off too the garden until september. 


Interesting, so at least for you here, 20% utilization is enough to be called out as too high.   Was this just on the Zync, or your overall credit cards?

Message 15 of 17
Valued Contributor

Re: Amex APP


bs6054 wrote:

creditnocash wrote:

well if youd like an update kobe. 

 

just got off the phone with new accounts 

listed many reasons for denial but glad it was a soft pull. 

 

ex score said was 721!!! woot. lol(surprised with my high balances LOL)

 

number of new accounts 

too many inquries in the past 12 months( 6 for fico purpose) 

credit balance vs limit too high (20%)

installment loan balance to loan amount too high(got my car in august so yeah!) 

and ding ding ding 

Not an established customer of amex (yes he actually said that) 

got my zync august 30th so i guess 

oh well off too the garden until september. 


Interesting, so at least for you here, 20% utilization is enough to be called out as too high.   Was this just on the Zync, or your overall credit cards?


overall 

pif my zync before the 28th(the time my statement closes) has always reported zero. usually use this card until i hit 490 and pif. sometimes 2 times in one month. when apping though there was a 30 dollar charge already showing for  my xm in my car. 

 

right now i have 5 cards reporting out of 10

4200/21000 according to ck. 

will be cut in half by end of month and back too 2% by end of feb.

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000
Message 16 of 17
Highlighted
Established Contributor

Re: Amex APP

My utility is kinda high too cause of christmas shopping, its currently @25-30% so ill probably wait on the app until i get to ~10% again ..

Starting Score: MYFICO 12/30/15 -TU: 481, EQ:561, EX:532 - BK7 DISCHARGED 12/2015 - Current: 09/01/2016 TU:642 EQ: 651 EX: 646
NFCU cashRewards:$6200 QS:$1500 Merrick:$1200 Cabelas:$1000 SonyVisa: $500 JCrew:$850 Overstock:$850 Express: $1050 PaypalCredit:$2150 NAVCHECK:$10K
Message 17 of 17