@indiolatino61 wrote:Everything else being equal...
***One gets denied for Discover it for inquiries, and one gets approved with 14 inquiries?
***One gets denied for BCE for short history with 2 years AAoA, and one gets approved with < a year history?
***One gets denied for CSP due to low limits on other cards with one card $3500, and one gets approved with high limit of $2500?
***One gets denied for Freedom with a 730 CS, and one gets approved with a 640?
All these scenarios have been posted here on myFICO. So, is it sometimes the luck of the draw? Are good results sometimes out of our control? Thanks for your comments.
It all depends on what the applicants credit file consists of. Thick files with recent baddies usually get some leeway. Thin files with some positive history can get some leeway.
Also the lender comes into play as well. I don't think there is any luck involved. Even on a recon, if your a smooth talker you can get in sometimes.
Everything is not equal among applicants. Amex asks for income and investments... Thereby placing heavier weight on ability to pay. Their formula also considers how large the payments were to your other creditors (ex tracks payment history).
All of these things are indicators of disposable income. Amex likes folks with disposable income.
All of these things are indicators of disposable income. Amex likes folks with disposable income.
FICO 9: 
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
To be fair Webby, I don't know if a lender exists in either time or space that doesn't like consumers with disposable income when it comes to credit cards 
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@Revelate wrote:
To be fair Webby, I don't know if a lender exists in either time or space that doesn't like consumers with disposable income when it comes to credit cards
I back web's statement, here's why:
AMEX prefers disposable income because they have a model that favors PIF customers. Some issuers bank on lower income, yet still solid payment history profiles. This may yield a higher probability of carrying a balance.
AMEX makes good money with swipe fee's, while some store card might make good money from somebody revolving their new TV purchase for 3 years. Both 2 perfectly profitable ventures from complete opposite business models.
Issuers have 1000's of data points in determining the terms or denial of an application. Two people have very identical profiles, yet one get's denied. Maybe they were in the wrong zip code, or something as minute as that.
@Dustink wrote:
@Revelate wrote:
To be fair Webby, I don't know if a lender exists in either time or space that doesn't like consumers with disposable income when it comes to credit cardsI back web's statement, here's why:
AMEX prefers disposable income because they have a model that favors PIF customers. Some issuers bank on lower income, yet still solid payment history profiles. This may yield a higher probability of carrying a balance.
AMEX makes good money with swipe fee's, while some store card might make good money from somebody revolving their new TV purchase for 3 years. Both 2 perfectly profitable ventures from complete opposite business models.
My apologies if my post came across the wrong way; it was a failed attempt at tongue-in-cheek humor.
You're absolutely correct to say that Amex weighs this heavily; however, all credit card issuers all like people who spend money on their cards, and the more the better... assuming of course they get paid back.
Banks get money from swipe fees too, they just don't get the backend transaction side that Amex does; that doesn't mean they don't want you swiping their card as often as possible regardless of card type.
