Reply
Established Contributor
calihlove75
Posts: 788
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 762, TU 767, EQ 762 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 $16,100~ Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $2500~ Amazon Store $7000~ Fingerhut $1050
Frequent Contributor
pokerpro
Posts: 259
Registered: ‎08-14-2008
0

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 Current EQ & EX & TU FICO Score: 829 & 830 & 826

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

Gardening Since: June 2012 Garden Goal: October 2015

Wish List: Chase Marriot | Amex SPG



Established Contributor
calihlove75
Posts: 788
Registered: ‎05-16-2012
0

Re: Amex denied me!!

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


100% Ficos: EX 762, TU 767, EQ 762 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 $16,100~ Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $2500~ Amazon Store $7000~ Fingerhut $1050
Moderator
pizzadude
Posts: 9,674
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
calihlove75
Posts: 788
Registered: ‎05-16-2012
0

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 762 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 $16,100~ 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
0

Re: Amex denied me!!

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

               LIMITS IN CARD DESCRIPTIONS
Moderator Emeritus
webhopper
Posts: 7,230
Registered: ‎09-16-2011
0

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!



Take the myFICO Fitness Challenge
Established Contributor
calihlove75
Posts: 788
Registered: ‎05-16-2012
0

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 762 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 $16,100~ Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $2500~ Amazon Store $7000~ Fingerhut $1050
Moderator
pizzadude
Posts: 9,674
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
android01
Posts: 1,211
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 - EQ08 - 850 -10/22/14
TU FICO - TU08 - 850 - 10/22/14
EX FICO - EX08 - 850 - 10/22/14

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}