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Regular Contributor
Posts: 351
Registered: ‎02-01-2010
0

Amex BCP - Meant to wait....BUT.....

I got approved for Blue Cash Preferred today. Yippee!!! I meant to wait until util came down some more but got impatient as I really wanted this card. The categories suit my spending habits very well.

 

For those who might be interested, my utilization is 46%. (Down from 76% in January of this year. I have a line of credit that's killing me but I'm finally getting the beast under control.) AoA is 7 years, no negatives at all. High utilization is the BIG problem.

 

I'd thought of applying for Zync first as recommended but BCP is what I really want, so I went for it. I decided to apply on the phone in the hope of avoiding the "under review" response. I figured I could answer all their questions and try for a recon right then and there if they denied me. Also, AMEX "pre-approval" site offered me plain Blue, Green and Gold, no BCP! I was hurt! :smileysad:

 

The limit is only 2K and the APR is 20.24 (I think) but the rep suggested I call in after 60 days and they would review both. I plan to pif, so the APR is of no consequence. I'm hoping to get my EX FICO since I didn't get the best terms. :smileywink:

Meg.

FICO: 04/2014 - TU 765 | EQ ??? | EX 768

Barclays / Sallie Mae World MC 13,000 | FNBO 11,600 | Lowes 10,000 | LOC 9,300 | Amex BCP 7,200 | BOA Platinum+ 6,000 | Amex SPG 5,700 | Achieva CU 5,500 | Citi Simplicity 5,200 | Chase CSP 5,000 | Discover 4,000 | Sam's Club 3,000 | Sears 900
Valued Contributor
Posts: 1,987
Registered: ‎06-25-2012
0

Re: Amex BCP - Meant to wait....BUT.....

Congrats! That 2k limit could become 6k in 61 days!
Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Contributor
Posts: 92
Registered: ‎06-16-2012
0

Re: Amex BCP - Meant to wait....BUT.....

Happy dance! Congrats!:smileyvery-happy:

Current: EQ 791 / TU 788 / EX 752 FICO's (MyFico, Oct 2012)

*** NFCU Plat | USAA CR Amex | PenFed TR Amex | BOA Gold | JP Morgan Select | Amex BCP | Amex PRG | USAA Plat ***
Regular Contributor
Posts: 351
Registered: ‎02-01-2010
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Re: Amex BCP - Meant to wait....BUT.....


jsickz32 wrote:
Congrats! That 2k limit could become 6k in 61 days!

Thank you! That's what I'm hoping.

Meg.

FICO: 04/2014 - TU 765 | EQ ??? | EX 768

Barclays / Sallie Mae World MC 13,000 | FNBO 11,600 | Lowes 10,000 | LOC 9,300 | Amex BCP 7,200 | BOA Platinum+ 6,000 | Amex SPG 5,700 | Achieva CU 5,500 | Citi Simplicity 5,200 | Chase CSP 5,000 | Discover 4,000 | Sam's Club 3,000 | Sears 900
Regular Contributor
Posts: 351
Registered: ‎02-01-2010
0

Re: Amex BCP - Meant to wait....BUT.....

Thank you. Lovely dance moves you have there!:smileyhappy:

Meg.

FICO: 04/2014 - TU 765 | EQ ??? | EX 768

Barclays / Sallie Mae World MC 13,000 | FNBO 11,600 | Lowes 10,000 | LOC 9,300 | Amex BCP 7,200 | BOA Platinum+ 6,000 | Amex SPG 5,700 | Achieva CU 5,500 | Citi Simplicity 5,200 | Chase CSP 5,000 | Discover 4,000 | Sam's Club 3,000 | Sears 900
Valued Contributor
Posts: 2,829
Registered: ‎03-14-2012
0

Re: Amex BCP - Meant to wait....BUT.....

Congratulations!



Starting Score: 639 (Walmart TU)
Current Score: TU 715 (Barclay) EX 685 (myFICO) EQ 697 (myFICO)
Goal Score: 700 Across the Board (Mortgage Goal Achieved 1/31/2012!)

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Frequent Contributor
Posts: 470
Registered: ‎08-14-2012
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Re: Amex BCP - Meant to wait....BUT.....

Congrats on the approval! I realized I wanted the BCP 2 minutes after I was approved for the BCE #FAIL!!!!!!!! Oh well, I will wait the year then PC.

In my wallet: Amex PRG & Zync, Amex BCE (19.2k), Chase Freedom (5k), PSECU Visa/PSL (20k)
Current Scores: Equifax: 738 (Fako) TransUnion: 721 (Fico) Experian: 717 (Fico)
Disclaimer: I am by no means a financial advisor. My posts are based on opinion, experience, and/or knowledge.
New Contributor
Posts: 184
Registered: ‎07-08-2012
0

Re: Amex BCP - Meant to wait....BUT.....

Congrats! I got the same $2K limit & my util is also high. I have a feeling the low initial CL for ppl with high util  might be bc the card comes with 0% apr for 1 year. But that's just a hunch.

Citi Thank You $13,200 - Chase Freedom $3,100 - AMEX Zync NPSL (init. ability $17.5K) - Citi Forward $7,000 - AMEX BCP $6,000 - USAA Rate Adv $15,000 - USAA World MC $12,000 - Discover More $4,000 - Amex Hilton Honors $4,500 - Amex SPG $2,000 - Barclay's Priceline Rewards $6,400 - Chase Sapphire Pref. $7,500

EQ: 794. TU: 704. EX: 755
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