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Valued Contributor
creditnocash
Posts: 2,255
Registered: ‎07-23-2012
0

Re: Declined for Amex because i already have a card?

i would call the exec line and ask.(at least thats what i plan on doing in jan) 

hopefully by then they get there act together. 

 

i wont be apping till at least jan 14. so by then i know my aaoa will be about 1 year 10 months and all of my inquries will have aged to be non factor. so closing the zync would not be a problem for me. 

i dont have any packs other then the free one.  the only quirk i have with that is that i would have to pay the af for only 4 months of use. 

the 500 limit doesnt bother me since i can push payments straight from my bank as many times as i want. 

 

Current: Discover Fico 701 10/14 Walmart Fico 689 9/14

Inquiries (24 Months): EQ 3 TU 0 EX 0 | Most Recent: 09/26/2014


2014 Goals:
Lower Utility
47%(OUCH!!)
Freedom Signature

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Regular Contributor
Denny33142
Posts: 179
Registered: ‎07-12-2011
0

Re: Declined for Amex because i already have a card?

I still cannot get over the fact that they won't allow you to apply for any other card as long as you have the $500 Zync, It is almost as if they are descriminating against these cardmembers, So much for the "Buliding a relashionship with amex" philosophy.

 

 

Frequent Contributor
jd5189
Posts: 470
Registered: ‎08-14-2012
0

Re: Declined for Amex because i already have a card?

I agree Denny. It's impossible to build on something that isn't buildable. 

In my wallet: Amex PRG & Zync, Amex BCE (19.2k), Chase Freedom (5k), PSECU Visa/PSL (20k)
Current Scores: Equifax: 738 (Fako) TransUnion: 721 (Fico) Experian: 717 (Fico)
Disclaimer: I am by no means a financial advisor. My posts are based on opinion, experience, and/or knowledge.
Valued Contributor
creditnocash
Posts: 2,255
Registered: ‎07-23-2012
0

Re: Declined for Amex because i already have a card?

Hopefully by then ethier they are clearly in good standing and they may upgrade card to npsl or just get their act together. 

you would think that maybe if you called the exec office and say that you have my soft report in front of you. if you tell me that i will get approved for xx card being the only reason i got denied was the hard limit i will close my account right now and put in app in with you. and if it gets denied i want to reinstate my zync (wishful thinking)

Current: Discover Fico 701 10/14 Walmart Fico 689 9/14

Inquiries (24 Months): EQ 3 TU 0 EX 0 | Most Recent: 09/26/2014


2014 Goals:
Lower Utility
47%(OUCH!!)
Freedom Signature

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Moderator
Revelate
Posts: 9,731
Registered: ‎12-30-2011
0

Re: Declined for Amex because i already have a card?

[ Edited ]

It's a hard pull anyway with an approved Amex application so the SP benefit is minimal  if you wait till you are pretty assured of getting approved.  The only real downside is if you wanted to keep the hard limit Zync for whatever reason.

 

I'm of the opinion one can still build with the hard limit Zync, just they have some irritating policies which may or may not get changed in the future.   FWIW I think the idea made more sense when one could've closed and re-applied for the Zync itself if that was your card of choice (like it is for me currently), though I don't know what Amex's thoughts were regarding not removing the hard limit ever, that does seem a little extreme but I wouldn't go so far as to say it doesn't help one build a relationship with Amex, just you have to do a little more of a dance with regards to two-stepping to your long-term card.  The Zync never provided any PC options in the past anyway though the hard limit is admittedly more restrictive.

 

From a post earlier today it sounds like you can get a Green now with 6 months of history, so perhaps the underwriting wasn't quite as different as I thought in that regard or perhaps it changed with the Zync's being discontinued.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Regular Contributor
Denny33142
Posts: 179
Registered: ‎07-12-2011
0

Re: Declined for Amex because i already have a card?

That would be the ideal solution, they soft my credit report almost every month for "Account Review" anyway, I don't see why they couldn't just use one of these pulls to tell me if i would be approved for another card.

 

I have had the Zync for over a year with perfect history but i guess that does not matter to them anyway, It would be a risk to close the zync and apply for another card since my EX score is hovering around 670 which seems to be a grey zone for amex apps.

 

I will wait until the year ends but if nothing changes i will probably just close the card, I was approved for a Cap One Rewards card so i have a pretty good card now anyways, and with a higher limit.

Moderator
Revelate
Posts: 9,731
Registered: ‎12-30-2011
0

Re: Declined for Amex because i already have a card?

Do you get a strange reponse out of the pre-selector tool?  I'd be curious if I had a hard-limit to see if that portion of the system recognized that and kicked me out as well.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Regular Contributor
Denny33142
Posts: 179
Registered: ‎07-12-2011
0

Re: Declined for Amex because i already have a card?

I just tried it.... No offers.

 

Just out of curiosity i went to the Discover site just to see if i had any offers from them and it came back with the Discover More and Open Road, So the reason i don't have any offers from Amex might be because of the Zync, god i am starting to hate this card.

Valued Contributor
creditnocash
Posts: 2,255
Registered: ‎07-23-2012
0

Re: Declined for Amex because i already have a card?

[ Edited ]

well thats what i mean. i saw this card was the easiest to get with amex. so after i got my tier 1 finance from toyota i apped for it. 

im sure if i did amex in the begining of the summer when my aaoa was over a year i could have gotten gold or the other charge cards. 

 

yeah i know the soft pull thing is minimal but if i close the card and dont get approved for whatever reason i dont have the card anymore and all my other apps regardless until i get with amex again will be hard pull. 

 

by then i have a feeling ill get upgraded to the walmart discover though....(jan 14'/15')

 

edit: as for that. i was pre apprvd for more/it and motiva and cap one plat and some other cap one card. 

 

Current: Discover Fico 701 10/14 Walmart Fico 689 9/14

Inquiries (24 Months): EQ 3 TU 0 EX 0 | Most Recent: 09/26/2014


2014 Goals:
Lower Utility
47%(OUCH!!)
Freedom Signature

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000

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