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Established Contributor
calihlove75
Posts: 786
Registered: ‎05-16-2012

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 762, TU 767, EQ 754 Inquiries last 1 year/6 months: EX-0/0, TU- 0/0, EQ-2/1~ last credit card app 6/24/13- New car loan 3/8/2014
Discover IT $8000~Kohls $1000~Amex BCE $2000~ Walmart Discover $7500~NFCU Signature CashRewards $14,000~ Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $2500~ Amazon Store $7000~ Fingerhut $1050
Regular Contributor
pokerpro
Posts: 193
Registered: ‎08-14-2008

Re: Amex denied me!!

Odd

 

how many inquires played a factor in that denial

 

especially with an EX score of 736


Starting Score: 590
Current Score: 731
Goal Score: 800


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Established Contributor
calihlove75
Posts: 786
Registered: ‎05-16-2012

Re: Amex denied me!!

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


100% Ficos: EX 762, TU 767, EQ 754 Inquiries last 1 year/6 months: EX-0/0, TU- 0/0, EQ-2/1~ last credit card app 6/24/13- New car loan 3/8/2014
Discover IT $8000~Kohls $1000~Amex BCE $2000~ Walmart Discover $7500~NFCU Signature CashRewards $14,000~ Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $2500~ Amazon Store $7000~ Fingerhut $1050
Moderator
pizzadude
Posts: 8,544
Registered: ‎01-28-2010

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
calihlove75
Posts: 786
Registered: ‎05-16-2012

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 762, TU 767, EQ 754 Inquiries last 1 year/6 months: EX-0/0, TU- 0/0, EQ-2/1~ last credit card app 6/24/13- New car loan 3/8/2014
Discover IT $8000~Kohls $1000~Amex BCE $2000~ Walmart Discover $7500~NFCU Signature CashRewards $14,000~ Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $2500~ Amazon Store $7000~ Fingerhut $1050
Valued Contributor
Crashem
Posts: 3,098
Registered: ‎01-26-2012

Re: Amex denied me!!

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

               LIMITS IN CARD DESCRIPTIONS
Moderator
webhopper
Posts: 7,230
Registered: ‎09-16-2011

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
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



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Established Contributor
calihlove75
Posts: 786
Registered: ‎05-16-2012

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 762, TU 767, EQ 754 Inquiries last 1 year/6 months: EX-0/0, TU- 0/0, EQ-2/1~ last credit card app 6/24/13- New car loan 3/8/2014
Discover IT $8000~Kohls $1000~Amex BCE $2000~ Walmart Discover $7500~NFCU Signature CashRewards $14,000~ Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $2500~ Amazon Store $7000~ Fingerhut $1050
Moderator
pizzadude
Posts: 8,544
Registered: ‎01-28-2010

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
android01
Posts: 1,205
Registered: ‎09-22-2009

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 - EQ08 - 850 - 6/17/14
TU FICO - TU08 - 850 - 6/17/14
EX FICO - EX08 - 850 - 6/17/14

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