Credit Cards

[calihlove75]

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.

[pokerpro]

Odd

how many inquires played a factor in that denial

especially with an EX score of 736

[calihlove75]

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

[pizzadude]

---

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 ?

[calihlove75]

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.

[Crashem]

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

[webhopper]

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

[calihlove75]

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.

[pizzadude]

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.....

[android01]

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.