I sincerely feel Amex gives people with high DTI ratios worse rates to discourage them from carrying even more debt.
My rate was 22.9% until a few days ago when it was lowered. I called and complained about the rate being higher than their worst advertized rate and they trimmed a little off.
Amex still beats most other companies. When my situation improves they'll treat me better.
Starting Score: 675
Welcome to the forum and congratulations on your approval! You will love your card and I wouldn't worry about the verbiage on the approval.
We are having a Social in the garden hosted by myjourney, come join us!
We are having a Social in the garden hosted by myjourney, come join us!
@09Lexie wrote:
Welcome to the forum and congratulations on your approval! You will love your card and I wouldn't worry about the verbiage on the approval.
We are having a Social in the garden hosted by myjourney, come join us!
OP yes we would luv to have you join us 
Be glad you got one-and a revolver at that. I apped for one 10 days ago they turned me down in less than 10 secs. I would have been STOKED to have what you were given.
BUSINESS 
Was that a charge card or credit card that you applied for?
(Formerly known as: Credit is my hobby (1.6M)/TCL objective)
The OP mentions "being puzzled" by being given the highest interest rate (21.99%), despite having a TU FICO of 732. I received the BCE card earlier this year ($5K initial CL), with an AMEX reported FICO score of 802. I received what I think was the interrmediate interest rate of 16.99%. I guess there isn't much latitude in credit scores vs. interest rates, especially if the available rinterest rates increments are quite limited!?
>@12njoy: If it was me you're aking, I apped by phone for the Gold-but the CSR put me in for the PRG. I thought they were 2 different cards-the PRG being harder to get. But everyone at AMEX said they're the same card when I called about the denial.
I never really pay that much attention to reasons on rejection and, especially, less than best terms letters. Basically, card issuer just lists various "reasons" why they deny you. The problem is they usually just laundry list reasons why your credit score is lower than 850. For example, my wife is over 800 credit score and got a less than best credit letter from AMEX that had half a dozen to dozen reasons.
Here is the problem: The reasons are basically not actionable. They are not listed in any order of importance. The reality is probably only one or two reasons that are primary reason for not getting best terms, but they aren't telling you that. They just generate a form letter with the laundry list.
As for the OP, what is he really complaining about? That he got worst terms? Guess what, a BK will do that. He was lucky to get a card with BK showing. He's worried about his 61 day CLI? Complain when you are rejected for it, but it wouldn't surprise me. Obviously AMEX being a bit more aggressive as BK used to be automatic denial and OP gets his member date a bit earlier than they would have otherwise. It's a 0 AF first year card with great rewards and decent signup bonus. How horrible for OP.
As for his initial CL, I didn't hear what he got vs what other issuers gave him. Would be interested in hearing what CLs he got and what cards/CLs he got.
LIMITS IN CARD DESCRIPTIONS
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