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Preparing for BCE App *UPDATED*

Frequent Contributor

Preparing for BCE App *UPDATED*

I logged into my AMEX account and clicked the APPLY NOW link for BCE.  I'm assuming since I already have an AMEX affiliation and I'm logged in I got this page because when I logged out and tried I was asked for way more info.  

 

So those of you that have continued beyond this page completing the box I put in blue, does this indicate the app would be a SP?  Is it accurate to say it dies at a SP if declined and then goes HP if approved?  (Dont want to tick off Barclays for no gain)

 

Thanks.


GangnamFICO wrote:

Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.


Minor vulgarity edit --Rev



Message 1 of 31
30 REPLIES
Valued Contributor

Re: Preparing for BCE App


jake619 wrote:

I logged into my AMEX account and clicked the APPLY NOW link for BCE.  I'm assuming since I already have an AMEX affiliation and I'm logged in I got this page because when I logged out and tried I was asked for way more info.  

 

So those of you that have continued beyond this page completing the box I put in blue, does this indicate the app would be a SP?  Is it accurate to say it dies at a SP if declined and then goes HP if approved?  (Dont want to tick off Barclays for no gain)

 

Thanks.


If you are denied, it will be a SP. If you are approved, it will be HP.

 

Are you planning to app now? Wait next month for max backdating.

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
Message 2 of 31
Frequent Contributor

Re: Preparing for BCE App

Actually, I was planning to pull the trigger this month seeing that it would only be a SP if I stink it up.  I have accounts all the way back to 1995 with AMEX (which I discussed in a separate thread) so I don't know if waiting will make much difference.

 

So they approve off the SP then do what with the HP?  Set the CL?  If the SP get's me in the door what is the HP for?


GangnamFICO wrote:

Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.


Minor vulgarity edit --Rev



Message 3 of 31
Valued Contributor

Re: Preparing for BCE App


jake619 wrote:

Actually, I was planning to pull the trigger this month seeing that it would only be a SP if I stink it up.  I have accounts all the way back to 1995 with AMEX (which I discussed in a separate thread) so I don't know if waiting will make much difference.

 

So they approve off the SP then do what with the HP?  Set the CL?  If the SP get's me in the door what is the HP for?


Yes, if they have your SP on file, they will go off that. If their SP is too old, you can request a new one (recon), in this case it will be a HP even if you denied.

 

If you are approved based on the SP that they have, they will go ahead and HP you.

 

Let me know if you pull the trigger, I am planning to next month.

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
Message 4 of 31
Established Contributor

Re: Preparing for BCE App

I've never quite understood Amex's method, but I presume they tentatively approve from the soft pull and then do a hard pull to make sure nothing crazy has happened between the soft and the application.  It makes Amex cards a bit easier to apply for on a whim.  Smiley Wink

 

On a different note, for those not already backdated to 1995, it definitely makes sense to wait until next month.  I just snagged the HHonors Amex last month, but only because they chopped 25k points off the bonus offer starting on 12/1.  Otherwise, I would have waited until January for maximum backdating juice.

Message 5 of 31
Valued Contributor

Re: Preparing for BCE App

It may not make a big difference or any difference at all, but it's tough to argue with waiting 2 weeks for 11 months of extra AAoA

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
Message 6 of 31
Established Contributor

Re: Preparing for BCE App

Impact on AAoA is really file dependent. With each year of backdating, the 11 months has less impact and other factors may outweigh the benefit of waiting. For example, if he thinks (as it sounds like he does) that he will be denied, the additional time to work on the reason for denial may outweigh the value of the increased AAoA. Or his AAoA may be over 11 years, at which point there is little impact on changes. Personally, I calculated mine from yesterday (when I apped) vs Jan 1 and the total impact on AAoA was 1 week.

In wallet: Ink Plus 10k, AMEX TE 25k. In bag: CSP 16k, USAA WMC 15k, Hyatt 13k, United MPE 12k, AMEX HHonors 3k. In SD: Cap 1 QS 5k, Discover IT 7k. FICO 08 says my EQ is now 844, was 510 in 2010.
Message 7 of 31
Valued Contributor

Re: Preparing for BCE App


Cdnewmanpac wrote:

Impact on AAoA is really file dependent. With each year of backdating, the 11 months has less impact and other factors may outweigh the benefit of waiting. For example, if he thinks (as it sounds like he does) that he will be denied, the additional time to work on the reason for denial may outweigh the value of the increased AAoA. Or his AAoA may be over 11 years, at which point there is little impact on changes. Personally, I calculated mine from yesterday (when I apped) vs Jan 1 and the total impact on AAoA was 1 week.


Oh I totally agree, I just think 18 days to gain 11 months is a pretty good decision no matter to end result.  I guess that's just my rebuilding mode self trying to squeeze every last point out of my score Smiley Happy

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
Message 8 of 31
Frequent Contributor

Re: Preparing for BCE App

I'm definitely not tracking this backdating topic properly.  If a card is backdated then what value is the year of acquisition when calculating AAoA?


GangnamFICO wrote:

Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.


Minor vulgarity edit --Rev



Message 9 of 31
Established Contributor

Re: Preparing for BCE App

If you are backdating to 2011, for example, then the difference between January 2011 (if you wait 2 weeks) and December 2011 would be a 50 percent increase in card age. So the impact on AAoA (especially if initial AAoA is a year or two) would be large. On the other hand, the difference between December 1988 and January 1988 represents only a 4 percent change in card age, thus less impact in an AAoA calculation.

In wallet: Ink Plus 10k, AMEX TE 25k. In bag: CSP 16k, USAA WMC 15k, Hyatt 13k, United MPE 12k, AMEX HHonors 3k. In SD: Cap 1 QS 5k, Discover IT 7k. FICO 08 says my EQ is now 844, was 510 in 2010.
Message 10 of 31