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Senior Contributor
Ron1
Posts: 4,482
Registered: ‎05-23-2009

Re: Amex APP

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

 

 

Ron.

Established Contributor
rtw
Posts: 795
Registered: ‎05-01-2012

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: 709 (PSECU 04/05/14) 703 (my FICO 04/14/14) TU: 724(04/14/14) EQ: 676 (04/14/14)
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 | 4.1K Barclays USAir 7/12 | 6K Walmart Dis. 11/12 | 1K Amex SPG 11/12 | 2K Amex BCP 1/13
Established Contributor
kobe2012
Posts: 690
Registered: ‎03-16-2012

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: TU: 598 03/23/2012 EQ:607 05/24/2012 EX:607 04/26/2012 (lender pull) EX FAKO:522 03/2012
Current Score: TU(Myfico)04/2013:689 EQ(Myfico)04/2013:701 EX(AMEX pull)04/01/2013:675 (CreditSecure FAKOS) 5/14/2013 EX:726 EQ:701 TU:730 TU(Walmart):699
Barclay Rewards:5k/Cap1:$3.5k/Cap1:$2.5k/Citi TYP:2k/Freedom:$5k/Slate:3k/Marriott visa sig 5k/BCE:$1k/Zync: $500 PSL/Discover IT:$1.9k/Walmart:$8k/Chevron:$5k/Gap:$5k/Kay:$3.4kk



Valued Contributor
creditnocash
Posts: 2,164
Registered: ‎07-23-2012

Re: Amex APP

[ Edited ]

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: EQ 735 Discover 9/5/13 Walmart TU 730 EX FICO 726 Amex Pull(1/1/13)

Starting total revolving credit: $2600 | Current total revolving credit: 31k+

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012

Re: Amex APP

[ Edited ]

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?

Valued Contributor
creditnocash
Posts: 2,164
Registered: ‎07-23-2012

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: EQ 735 Discover 9/5/13 Walmart TU 730 EX FICO 726 Amex Pull(1/1/13)

Starting total revolving credit: $2600 | Current total revolving credit: 31k+

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Established Contributor
kobe2012
Posts: 690
Registered: ‎03-16-2012

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: TU: 598 03/23/2012 EQ:607 05/24/2012 EX:607 04/26/2012 (lender pull) EX FAKO:522 03/2012
Current Score: TU(Myfico)04/2013:689 EQ(Myfico)04/2013:701 EX(AMEX pull)04/01/2013:675 (CreditSecure FAKOS) 5/14/2013 EX:726 EQ:701 TU:730 TU(Walmart):699
Barclay Rewards:5k/Cap1:$3.5k/Cap1:$2.5k/Citi TYP:2k/Freedom:$5k/Slate:3k/Marriott visa sig 5k/BCE:$1k/Zync: $500 PSL/Discover IT:$1.9k/Walmart:$8k/Chevron:$5k/Gap:$5k/Kay:$3.4kk




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