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Established Contributor
Cdnewmanpac
Posts: 767
Registered: ‎01-16-2012
0

Re: Amex Revolvers - Sub 700 Scores

I was approved for hilton surpass with 674. Income >100k, DTI 28%, Zync x 4 mos. Initial CL 1000. I have 3 COs from 2006 (reporting as 2007, but I'm disputing), a paid collection for one of the COs and a paid student loan previously in default all on EX. AAoA 6yrs, Oldest account 11.5 years. 4 inq at time of app.

 

Side note: They pulled EX for the approval, but had been softing TU for several months (no EX softs). My TU doesn't have the bad student loan and has only 3 of the COs. Also has a year higher AAoA due to selective reporting of my student loans. So I keep wondering if they actually approved me based on TU report, then pulled the EX post-approval.

In wallet: Ink Plus 10k, AMEX TE 25k. In bag: CSP 16k, USAA WMC 15k, Hyatt 13k, United MPE 12k, AMEX HHonors 3k. In SD: Cap 1 QS 5k, Discover IT 7k. FICO 08 says my EQ is now 844, was 510 in 2010.
Frequent Contributor
Jake0215
Posts: 260
Registered: ‎11-10-2011
0

Re: Amex Revolvers - Sub 700 Scores


Cdnewmanpac wrote:

I was approved for hilton surpass with 674. Income >100k, DTI 28%, Zync x 4 mos. Initial CL 1000. I have 3 COs from 2006 (reporting as 2007, but I'm disputing), a paid collection for one of the COs and a paid student loan previously in default all on EX. AAoA 6yrs, Oldest account 11.5 years. 4 inq at time of app.

 

Side note: They pulled EX for the approval, but had been softing TU for several months (no EX softs). My TU doesn't have the bad student loan and has only 3 of the COs. Also has a year higher AAoA due to selective reporting of my student loans. So I keep wondering if they actually approved me based on TU report, then pulled the EX post-approval.


It's posts like this that frustrate me. I've had my zync for almost a year now, ex score is in mid 700's with a decent income. Util is around 3%. I still can't get approved for anything else. All cr's are totally clean. AAoA 4 yrs. oldest is 10 years. I know it's my inquires holding me back but honestly, (no offense intended) who is the bigger risk?


Starting Score: 617 EQ 10-17-11
Current Score: EQ 767 TU 769 EX 749 (all FICO but who really knows?)
Goal Score: 800


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Frequent Contributor
jd5189
Posts: 470
Registered: ‎08-14-2012
0

Re: Amex Revolvers - Sub 700 Scores

I was approved for 7.5k CL for BCE with EX Fico of 687. Had Zync for almost 2 years (run about 2k-2.5k a month through it)

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.
Regular Contributor
CreditEd
Posts: 140
Registered: ‎07-01-2012
0

Re: Amex Revolvers - Sub 700 Scores

Also trying to get a Starwood PG and had an initial denial last month. At the time of submittal I had 8% util,  EXP score of 699, +100k income and recent platinum upgrade. Fortunate I had a CO deleted on 8/11 leaving me with no bads at all now. I sent the deletion letter along with a reconsideration letter outlining why I thought that they were "premature" in their decision based on the reasons in the denial letter they sent me. Will see how it goes. 

 

Faxed the recon info last week...

 

 


Jake0215 wrote:

Cdnewmanpac wrote:

I was approved for hilton surpass with 674. Income >100k, DTI 28%, Zync x 4 mos. Initial CL 1000. I have 3 COs from 2006 (reporting as 2007, but I'm disputing), a paid collection for one of the COs and a paid student loan previously in default all on EX. AAoA 6yrs, Oldest account 11.5 years. 4 inq at time of app.

 

Side note: They pulled EX for the approval, but had been softing TU for several months (no EX softs). My TU doesn't have the bad student loan and has only 3 of the COs. Also has a year higher AAoA due to selective reporting of my student loans. So I keep wondering if they actually approved me based on TU report, then pulled the EX post-approval.


It's posts like this that frustrate me. I've had my zync for almost a year now, ex score is in mid 700's with a decent income. Util is around 3%. I still can't get approved for anything else. All cr's are totally clean. AAoA 4 yrs. oldest is 10 years. I know it's my inquires holding me back but honestly, (no offense intended) who is the bigger risk?


 

All Thanks to myFico:
AMEX Business Platinum (NPSL) | AMEX Business SPG ($25,000) | AMEX Delta Sky Platinum ($10,000 | AMEX H. Honors ($2,000) | Citi Hilton Honors Reserve ($14,000) | Citi Diamond Preferred ($4,700) | Citi ThankYou Preferred ($3,200) | Chase Freedom ($3,000) | FNBO Platinum MC (awaiting the limit) | HSBC Platinum ($2,000) | US Bank Cash+ Visa Signature ($5,000)
Established Contributor
rtw
Posts: 797
Registered: ‎05-01-2012
0

Re: Amex Revolvers - Sub 700 Scores

Thanks! Appreciate the information.

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
Regular Contributor
CreditEd
Posts: 140
Registered: ‎07-01-2012
0

Re: Amex Revolvers - Sub 700 Scores


CreditEd wrote:

Also trying to get a Starwood PG and had an initial denial last month. At the time of submittal I had 8% util,  EXP score of 699, +100k income and recent platinum upgrade. Fortunate I had a CO deleted on 8/11 leaving me with no bads at all now. I sent the deletion letter along with a reconsideration letter outlining why I thought that they were "premature" in their decision based on the reasons in the denial letter they sent me. Will see how it goes. 

 

Faxed the recon info last week...

 

 


Jake0215 wrote:

Cdnewmanpac wrote:

I was approved for hilton surpass with 674. Income >100k, DTI 28%, Zync x 4 mos. Initial CL 1000. I have 3 COs from 2006 (reporting as 2007, but I'm disputing), a paid collection for one of the COs and a paid student loan previously in default all on EX. AAoA 6yrs, Oldest account 11.5 years. 4 inq at time of app.

 

Side note: They pulled EX for the approval, but had been softing TU for several months (no EX softs). My TU doesn't have the bad student loan and has only 3 of the COs. Also has a year higher AAoA due to selective reporting of my student loans. So I keep wondering if they actually approved me based on TU report, then pulled the EX post-approval.


It's posts like this that frustrate me. I've had my zync for almost a year now, ex score is in mid 700's with a decent income. Util is around 3%. I still can't get approved for anything else. All cr's are totally clean. AAoA 4 yrs. oldest is 10 years. I know it's my inquires holding me back but honestly, (no offense intended) who is the bigger risk?


 


BTW, CO was from 6/2011 and had been PIF since 7/11. I fought to get it removed via a letter through BBB. The collection agency wouldn't do anything via GW letter.

 

 

All Thanks to myFico:
AMEX Business Platinum (NPSL) | AMEX Business SPG ($25,000) | AMEX Delta Sky Platinum ($10,000 | AMEX H. Honors ($2,000) | Citi Hilton Honors Reserve ($14,000) | Citi Diamond Preferred ($4,700) | Citi ThankYou Preferred ($3,200) | Chase Freedom ($3,000) | FNBO Platinum MC (awaiting the limit) | HSBC Platinum ($2,000) | US Bank Cash+ Visa Signature ($5,000)
Established Contributor
Cdnewmanpac
Posts: 767
Registered: ‎01-16-2012
0

Re: Amex Revolvers - Sub 700 Scores

No offense taken, but to be honest, you have no idea whether I'm a higher risk than you. You know my EX fico and yours. The fact that I have a large mortgage from WF private mortgage, have had mortgages from prime lenders for over 10 years, had never missed a single payment on anything until or since 2006, have a visa signature from Chase, a world mc from USAA, a personal loan from USAA, over 100k of student loans that have been paid back within the last 10 years, all except the perkins loan with perfect payment, a history of charging up to 15k/month on my zync, etc. doesn't show up in a score. I had problems paying my debts for 6 months 6 years ago, but zero problems before or since. Perhaps Amex, Chase, USAA, Discover and Wells Fargo took that into account when approving me.


Jake0215 wrote:
It's posts like this that frustrate me. I've had my zync for almost a year now, ex score is in mid 700's with a decent income. Util is around 3%. I still can't get approved for anything else. All cr's are totally clean. AAoA 4 yrs. oldest is 10 years. I know it's my inquires holding me back but honestly, (no offense intended) who is the bigger risk?


 

In wallet: Ink Plus 10k, AMEX TE 25k. In bag: CSP 16k, USAA WMC 15k, Hyatt 13k, United MPE 12k, AMEX HHonors 3k. In SD: Cap 1 QS 5k, Discover IT 7k. FICO 08 says my EQ is now 844, was 510 in 2010.
Frequent Contributor
Jake0215
Posts: 260
Registered: ‎11-10-2011
0

Re: Amex Revolvers - Sub 700 Scores

[ Edited ]

If that's the case good for you, however, post the whole story, not one that highlights the fact that u got an Amex revolver with a bunch of negative marks on your report. The point is that most people with sub 700 scores would be wasting a hard pull. Way to go on all your awesome approvals... Your case clearly makes you an extreme outlier. The point of my post was to stop giving others false hope.


Starting Score: 617 EQ 10-17-11
Current Score: EQ 767 TU 769 EX 749 (all FICO but who really knows?)
Goal Score: 800


Take the FICO Fitness Challenge
Frequent Contributor
suebee123
Posts: 252
Registered: ‎11-13-2011
0

Re: Amex Revolvers - Sub 700 Scores

I got a charge card in Oct 2011 and applied in July  for SPG and Delta and got approved for both.  My experian fico was 675.

Credit limit on SPG was 5000 and Delta was a pathetic 1000. 

Current: EQ Fico (700), EX Fico AMX (681) TU Fico Walmart (711) MyFico TU (708) Vantage: TU 803, EX 777, EQ 789
Goal: 700+ across the board.
Valued Contributor
CreditScholar
Posts: 2,300
Registered: ‎01-22-2012
0

Re: Amex Revolvers - Sub 700 Scores

[ Edited ]

Jake0215 wrote:

Cdnewmanpac wrote:

I was approved for hilton surpass with 674. Income >100k, DTI 28%, Zync x 4 mos. Initial CL 1000. I have 3 COs from 2006 (reporting as 2007, but I'm disputing), a paid collection for one of the COs and a paid student loan previously in default all on EX. AAoA 6yrs, Oldest account 11.5 years. 4 inq at time of app.

 

Side note: They pulled EX for the approval, but had been softing TU for several months (no EX softs). My TU doesn't have the bad student loan and has only 3 of the COs. Also has a year higher AAoA due to selective reporting of my student loans. So I keep wondering if they actually approved me based on TU report, then pulled the EX post-approval.


It's posts like this that frustrate me. I've had my zync for almost a year now, ex score is in mid 700's with a decent income. Util is around 3%. I still can't get approved for anything else. All cr's are totally clean. AAoA 4 yrs. oldest is 10 years. I know it's my inquires holding me back but honestly, (no offense intended) who is the bigger risk?


Well, in the eyes of Amex you're the bigger risk as evidenced by his approval and your denials.

 

Amex is a fairly conservative company so if you know that inqs are holding you back, the answer should be fairly self-evident. Relax on the apps and if you still want them, try again once the inqs have fallen off your report.

 

Income and charge card usage also plays a large role in their decisions. The fact that he only had a 1000 CL with a 6 figure income shows that he barely scraped over the line. With an income of less than 6 figures, he would have likely been denied.

 

FICOs: EX: 826, EQ: 817, TU: 810
Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL
Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank American Airlines Executive World Elite MasterCard - $22,500 CL
J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL

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