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Contributor
Posts: 211
Registered: ‎07-02-2012
0

Any chance of getting approved for BCE with 1 year credit history?

Does anyone get BCE with just 1 year of credit file?

 

Assume score near 730 and oldest card 1 year old. 3-4 other cards with 5-6 month old history!!

 

What are chances with BCE?? Are they inquery sensitive ?

Walmart TU-724 on 12-2012
EX-707 on 08-2012
EQ-668on 08-2012
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Wallet - Discover 1500 | Chase Freedom 1500 | OldNavy Visa 2750 | Walmart 2000 | Amex BCE 6000 | BoA Visa Sig 5000 | Chase Marriott 5000 | Amex Hhonor 2000 | CSP 5000
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Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Any chance of getting approved for BCE with 1 year credit history?

I would say slim. They like to see multiple cards with good history 1 year or more. AMEX can be quite picky with their revolvers, you might want to try for a charge card and if approved app for the BCE immediately afterwards and if declined it will only be 1 HP.



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Frequent Contributor
Posts: 348
Registered: ‎08-17-2012
0

Re: Any chance of getting approved for BCE with 1 year credit history?

I had about 3 years of history when I got mine. I'm thinking that your ex score would be borderline for approval but you would most likely be denied for a thin file.

 

I think most people around here would suggest you app for the Zync and then go for the bce after you have the Zync. I did this and was approved for the bce shortly after getting the Zync. The benefit of doing this is that once you are in with amex any future denials are a sp. Essentially once you get the Zync you really have nothing to lose by apping for the bce. Havng the Zync also would allow you to build a payment history with amex which would improve your chances of getting the bce

 

AFAIK Amex isn't as inquiry sensitive as most major lenders, and pull ex 99.9% of the time

EQ 778 | TU 776
Barclay US Airways WMC 7.5k | BCE 5.8k | BofA Travel Rewards 9.1k | Chase Marriott Premier 13k | Citi TYP WMC 6.5k | Freedom Visa Sig 8k| Discover it 10k
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Contributor
Posts: 211
Registered: ‎07-02-2012
0

Re: Any chance of getting approved for BCE with 1 year credit history?

Thanks Friends Smiley Happy

Walmart TU-724 on 12-2012
EX-707 on 08-2012
EQ-668on 08-2012
_________________________________
Wallet - Discover 1500 | Chase Freedom 1500 | OldNavy Visa 2750 | Walmart 2000 | Amex BCE 6000 | BoA Visa Sig 5000 | Chase Marriott 5000 | Amex Hhonor 2000 | CSP 5000
__________________________________________
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