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Regular Contributor
Posts: 169
Registered: ‎03-29-2012
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Amex BCE Deinal letter, help?

OK, so I applied a week ago and got declined for BCE.  I've had Zync for about 3 months, but my credit scores improved so much by getting collections and util off/down.  I get my denial in the letter and they have my EXP Fico as 744...The reasons for denial were revolving balances too high(I have no balances on any of my cards), too many recent inquiries(4 in the past year), and not long enough time with current card.  I get the last one, but holy heck how did I get declined with a 744??

 


Starting Score: EQ 619
Current Score: EQ 735, TU 732, EX 745(Lender Pulled)
Goal Score: EQ 700


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Valued Contributor
Posts: 2,265
Registered: ‎07-23-2012
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Re: Amex BCE Deinal letter, help?

got approved for zync with collections? 

wow. 

 

im assuming 500 limit? 

might have been old reports 

Current: Discover Fico 682 1/15 Walmart Fico 684 1/15

Inquiries (24 Months): EQ 4 TU 1 EX 5 | Most Recent: 09/26/2014
Over 12 Months:4


2014 Goals:
Lower Utility
15% right now, but going up soon :smileysad:
Freedom Signature

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Established Contributor
Posts: 1,837
Registered: ‎08-20-2012
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Re: Amex BCE Deinal letter, help?

Did you attempt a recon?

Regular Contributor
Posts: 169
Registered: ‎03-29-2012
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Re: Amex BCE Deinal letter, help?

I did attempt a recon, but he said they would have to do a hard pull.  With a score of 744, they clearly have the most current information.

 

As far as Zync with collections, yes I got it with a collections from 2010 and CO from 2011.  500 limit


Starting Score: EQ 619
Current Score: EQ 735, TU 732, EX 745(Lender Pulled)
Goal Score: EQ 700


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Established Contributor
Posts: 657
Registered: ‎06-27-2012
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Re: Amex BCE Deinal letter, help?

It ain't about FICO's anymore.  Especially with amex their internal scoring is funky!! Maybe it's an old report though.

 

BOA: 8.9k
CSP: 5k
Discover: 5k
Citi TY Preferd: 5k
Wally: 5k
JCP: 4.9k
citiForward: 4.7k
ChaseFreedom: 4.5k
DFS: 2k
Valued Contributor
Posts: 2,505
Registered: ‎11-11-2010
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Re: Amex BCE Deinal letter, help?

First, FICO score is not the only thing that determines your approval. People are WAY too in love with their FICO score.

 

A $500 hard limit on Zync will make it very difficult to get any other AMEX card without closing it first.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Senior Contributor
Posts: 6,242
Registered: ‎08-16-2012
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Re: Amex BCE Deinal letter, help?

Maybe your income isn't high enough? I got a BCE with a 696 TU Fico. Aaoa 3 yrs, util <12%, $30k deferred student loans, hhi $100k+
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Regular Contributor
Posts: 169
Registered: ‎03-29-2012
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Re: Amex BCE Deinal letter, help?

My Income is 80k...that shouldn't be an issue.  Stupid Amex


Starting Score: EQ 619
Current Score: EQ 735, TU 732, EX 745(Lender Pulled)
Goal Score: EQ 700


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Moderator Emeritus
Posts: 10,860
Registered: ‎12-30-2011
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Re: Amex BCE Deinal letter, help?

[ Edited ]

trumpet-205 wrote:

First, FICO score is not the only thing that determines your approval. People are WAY too in love with their FICO score.

 

A $500 hard limit on Zync will make it very difficult to get any other AMEX card without closing it first.


Pretty much this; the HL Zync appears to be an issue with Amex underwriting at this time.

 

That said, unless you were backdated on the Zync in the first place, it's to your overwhelming advantage (given that it's October, payment history on even 3 months *shrug* compared to a year of official history on the BCE tradeline) to wait until January.  Also 3 months with any Amex charge is still in the honeymoon phase with them; I know we talk about six months or a year in some awfully spurious places on this forum, but this one is pretty sound: Amex wants to see how well you do with your current line for a while before you get offered anything better.  This is exceptionally true with the Zync I suspect in the first place regardless of PSL/NPSL status.

 

In any event we should know a lot more about Amex's plans for the Zync by January in terms of what they want to do with the current holders including ones with a PSL now that the card has been discontinued.  Wait and see is my recommendation.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 683, EQ 8 690, TU 710, EX 715 (01/01/15)
Goal Score: 700 on EQ 04 (01/01/16)


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Regular Contributor
Posts: 169
Registered: ‎03-29-2012
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Re: Amex BCE Deinal letter, help?

Thanks everyone...I'm actually going to call it quits with Amex....The Zync card I really only did to get the backdating and to get back in with them, and then I discovered the card is worthless to me.  Between my 15k LOC and the Freedom and BOFA 123 card I was just approved for(both Sigs), I think I have enough.  I just was hoping to get that 6% back on groceries....Oh well


Starting Score: EQ 619
Current Score: EQ 735, TU 732, EX 745(Lender Pulled)
Goal Score: EQ 700


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