10-18-2012 07:42 AM
I've been wanting an Amex BCP in the worst way since I started learning about the various rewards cards out there. I applied for a BCE back in July, when I was just starting to really pay attention to my credit, and was denied for high utilization and derogatory information. The EX FICO given by Amex was 684 then.
I have since had my one and only collection removed, and have dropped my utilization from about 65% to about 25%. I still have a paid medical judgement from May 2008 (due to drop off April 2013), and a 90 day credit card late from May 2011 on my reports. I've been figuring I'd have to wait at least until after the judgement drops off next year to app for the BCP.
Earlier this week though, I found that there was a perfect little combination of my cards reporting, and my EX utilization was only showing 18%, instead of 24%. I guessed that my EX FICO must be a good bit higher than it was in July, so I decided to take a shot and app for the BCP. I got the pending further review message, which I basically expected. I checked my reports, and they only pulled EX, which was a good sign.
I've obsessivly checked the application status page in the last couple of days. I hope they don't have a way of monitoring that thing, LOL. This morning, it finally said APPROVED! I called in, and the limit is $2,600. I have a few other cards that are over $5k, so I was hoping it might be higher, but I'm just thrilled to finally be in with Amex! Planning to use my new BCP, PIF, and can't wait to request that 61 day 3x CLI!
I'm definitely in the garden now. Really. I swear.
10-18-2012 07:44 AM
10-18-2012 08:08 AM
Dude, I am so JELLY!!! I want that BCP so bad!
10-18-2012 08:24 AM
I haven't received the card and terms yet, so I don't know if they'll be sending me my score. I kind of hope so, I'd like to see what it is!
10-18-2012 08:38 AM
That's an odd limit...
they pulled all three of my reports, and I got a lower limit than my average limit too (got a $3500 limit), but I AM SO HAPPY TOO THAT I GOT THE BCE!!!!
:-D Don't forget about the 61 3xcli that Amex is notorious for!!
10-18-2012 08:38 AM
I'm glad I'm not the only person that uses the word 'jelly' LOLZZZZ
10-18-2012 08:39 AM
Oh.. and they will send you your score.. although I don't think youll get it with your card,it will come later in a seperate mailing.
Actually, they disclosed my score and terms over the phone...maybe you can call and ask them to do that :-)
10-18-2012 08:57 AM
I may have figured out how they came up with that limit. If you take the average reported limit of each open credit card on my EX report, it's $2,592. Rounded, that would be $2,600. Darn! There were two nice CLIs I recently got that weren't reporting yet, and that would have taken me to $3,000. And if I didn't still have a few really old open accounts with $300 limits, that would have taken me to $4,000! Maybe there is something to be said about closing old accounts with tiny limits. Assuming my methodology is even right, and not just a coincidence.
10-18-2012 09:05 AM
well my avg credit limit was like $4500-4600, and I got approved for $3500. I think my approval was borderline as AMEX pulled all reports. I know that my Tu Fico was 696, and my EQ Fico was 688. :-) My EXP Plus was like 703.
10-18-2012 09:16 AM
Congrats on the new card. I recently also got the BCP, $2000 limit.
I keep reading about this 61 day Amex credit line increase, is this automatic? How does one need to go about obtaining this?
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