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Established Contributor
Posts: 803
Registered: ‎05-16-2012
0

Amex denied me!! UPDATE and TELETRACK?

[ Edited ]

So on 6/30/12 applied for the Amex Blue when I should not have, but the good news is that now I know what my Experian fico is ...trying to be posiive. My Fico scores are TU- 743, EX - 736, and EQ- 689 (Have an old 5 1/2 year old collection I heavily dispute but gave up on its removal). Kinda bummed but knew going in that I would be denied with inquiries and 2 new accounts within last 6 months. Knew I did not have a chance, but was hoping..lol.

100% Ficos: EX 780 , TU 783, EQ 776 inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-1/0/0~ last credit card app 6/24/13- New car loan 3/8/2014- Discover IT $12,500~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $23,300 Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050
Frequent Contributor
Posts: 276
Registered: ‎08-14-2008
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Re: Amex denied me!!

Odd

 

how many inquires played a factor in that denial

 

especially with an EX score of 736

BK7 Discharge: October 2004 Starting Score: 590 November 2016 EQ & EX & TU FICO Score: 800 & 804 & 799

Goal Score: 800+ across the board | Goals Hit: 3 Active Cards: 2

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Established Contributor
Posts: 803
Registered: ‎05-16-2012
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Re: Amex denied me!!

I had 8 inquiries prior to the app. Now I have 9!!

100% Ficos: EX 780 , TU 783, EQ 776 inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-1/0/0~ last credit card app 6/24/13- New car loan 3/8/2014- Discover IT $12,500~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $23,300 Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050
Super Contributor
Posts: 9,668
Registered: ‎01-28-2010
0

Re: Amex denied me!!


calihlove75 wrote:
So on 6/30/12 applied for the Amex Blue when I should not have, but the good news is that now I know what my Experian fico is ...trying to be posiive. My Fico scores are TU- 743, EX - 736, and EQ- 689 (Have an old 5 1/2 year old collection I heavily dispute but gave up on its removal). Kinda bummed but knew going in that I would be denied with inquiries and 2 new accounts within last 6 months. Knew I did not have a chance, but was hoping..lol.


Sorry to hear that they declined you ~ what were the reasons listed on the denial letter ?

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Established Contributor
Posts: 803
Registered: ‎05-16-2012
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Re: Amex denied me!!

I have not received the denial letter but I had called to check the status since online it said declined but when I click on it it said application could not be accessed at this time. I don't remember everything he said but I heard high revolving balances (I am at about 20% ) not enough established history or something like that, too many inquries..think he said in last 12 months, and high balances on loans (I have student loans in deferment- guess that counts against me?) . I also think he said too many new credit cards.

100% Ficos: EX 780 , TU 783, EQ 776 inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-1/0/0~ last credit card app 6/24/13- New car loan 3/8/2014- Discover IT $12,500~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $23,300 Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050
Valued Contributor
Posts: 3,096
Registered: ‎01-26-2012
0

Re: Amex denied me!!

What does AAoA look like.  What are ages on credit cards?

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Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
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Re: Amex denied me!!

Yep sounds like you added too many accounts in too short of a time.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
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Established Contributor
Posts: 803
Registered: ‎05-16-2012
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Re: Amex denied me!!

Its about 2 years but I think it figures in loans, etc. I am quite new to credit really. Amazon store - 1 year, Cap one/HSBC mastercard will be 6 months this month, Amazon Visa is about 4 months, Chase freedom...not even a month old..lol. I also have a fingerhut account that is 18 months old but they don't report to Experian.

 

 

100% Ficos: EX 780 , TU 783, EQ 776 inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-1/0/0~ last credit card app 6/24/13- New car loan 3/8/2014- Discover IT $12,500~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $23,300 Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050
Super Contributor
Posts: 9,668
Registered: ‎01-28-2010
0

Re: Amex denied me!!

 

AMEX revolving cards have more stringent approval requirements than their charge cards.......you could always start with a charge card like ZYNC and then app for Blue in a few months.....

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Valued Contributor
Posts: 1,355
Registered: ‎09-22-2009
0

Re: Amex denied me!!

FICO scores are not all that is considered by AMEX, or any other lender for that matter.  A 743 score is good, but if the history isn't there, particularly with companies who use additional internal scoring systems, then I'm afraid you'll have to wait a while.  Give what you already have another year to age with good payment history to age a bit, and I'm sure you'll eventually get it.  

EQ Fico 8 - 846
TU Fico 8 - 848
EX Fico 8 - 836

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