Will I get approved? (AMEX BCE)

RJT1534 · ‎12-15-2013

First post on this forum. been browsing for months. learned alot from you guys. Anyways, Im 26 years old from CT and was looking to get the AMEX BCE. been thinking about the green or gold as well...

Here's my Experian Report since thats where AMEX pulls from....

Experian Plus Score 714

Experian FICO Score 695

Credit History: 8 years

AAoA: 4 years

Income: 45k

One acct that went to charge off in April of 2010 (Paid)

30 day late in June 2008

7 inq in past 12 months (1 in the past 6 months)

CC's Balance/CL

Chase Freedom: 1550/5000

Discover IT: 0/1500

Capital One Platinum: 45/1250

Capital One (formerly Household bank): 0/920

CFNA Firestone: 0/1000

Let me know what you think....

thanks

myjourney · ‎12-15-2013

@RJT1534 wrote:
First post on this forum. been browsing for months. learned alot from you guys. Anyways, Im 26 years old from CT and was looking to get the AMEX BCE. been thinking about the green or gold as well...

Here's my Experian Report since thats where AMEX pulls from....

Experian Plus Score 714
Experian FICO Score 695

Credit History: 8 years
AAoA: 4 years
Income: 45k
One acct that went to charge off in April of 2010 (Paid)
30 day late in June 2008
7 inq in past 12 months (1 in the past 6 months)

CC's Balance/CL

Chase Freedom: 1550/5000
Discover IT: 0/1500
Capital One Platinum: 45/1250
Capital One (formerly Household bank): 0/920
CFNA Firestone: 0/1000

Let me know what you think....

thanks

Welcome to the forum

What were the INQ's for and are any of the cards below from them?

Any denials from the INQ's and reason given if it applies?

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?

LearningMoreAboutCredit · ‎12-15-2013

@RJT1534 wrote:
First post on this forum. been browsing for months. learned alot from you guys. Anyways, Im 26 years old from CT and was looking to get the AMEX BCE. been thinking about the green or gold as well...

Here's my Experian Report since thats where AMEX pulls from....

Experian Plus Score 714
Experian FICO Score 695

Credit History: 8 years
AAoA: 4 years
Income: 45k
One acct that went to charge off in April of 2010 (Paid)
30 day late in June 2008
7 inq in past 12 months (1 in the past 6 months)

CC's Balance/CL

Chase Freedom: 1550/5000
Discover IT: 0/1500
Capital One Platinum: 45/1250
Capital One (formerly Household bank): 0/920
CFNA Firestone: 0/1000

Let me know what you think....

thanks

The paid chargeoff, 30 and possibly the INQ's may be an obstacle for you getting approved...everything else looks good.

Welcome to the forum!!!

RJT1534 · ‎12-15-2013

August 16, 2013	Chase
May 07, 2013	Rategenius Loan Servic
March 28, 2013	Cis Inc
March 10, 2013	Cap One
March 10, 2013	Cbna
February 21, 2013	Mutual Security Cu Inc
February 21, 2013	Capital One Auto Fin

In Order...

1. Chase was a CLI request that was approved

2. Refinanced my auto loan (paid off last month but still showing on my CR)

3. CIS was a mortgage preapproval

4. Cbna was for the citi simplicity card (denied)

5. cap one was for the venture card (denied)

Last 2 are auto refinance

myjourney · ‎12-15-2013

@RJT1534 wrote:
August 16, 2013 Chase
May 07, 2013 Rategenius Loan Servic
March 28, 2013 Cis Inc
March 10, 2013 Cap One
March 10, 2013 Cbna
February 21, 2013 Mutual Security Cu Inc
February 21, 2013 Capital One Auto Fin

In Order...

1. Chase was a CLI request that was approved
2. Refinanced my auto loan (paid off last month but still showing on my CR)
3. CIS was a mortgage preapproval
4. Cbna was for the citi simplicity card (denied)
5. cap one was for the venture card (denied)
Last 2 are auto refinance

What was the reason for the 2 denials

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?

RJT1534 · ‎12-15-2013

Serious delinquency

balance to credit limits were high on revolving accountscredit score was around 650

insufficient credit history

too many delinquent past or present credit obligations

credit score was 654 back in march

myjourney · ‎12-15-2013

@RJT1534 wrote:
Serious delinquency
balance to credit limits were high on revolving accountscredit score was around 650
insufficient credit history
too many delinquent past or present credit obligations

credit score was 654 back in march

While I think you could be approved now it may result in a double pull

Wait 4-6 months to build more history and IMHO you stand a better chance of approval

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?

RJT1534 · ‎12-15-2013

double pull from the same bureau?

myjourney · ‎12-15-2013

@RJT1534 wrote:
double pull from the same bureau?

Nope different CB's

Example... EX TU

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?

FinStar · ‎12-15-2013

@myjourney wrote:
@RJT1534 wrote:
Serious delinquency
balance to credit limits were high on revolving accountscredit score was around 650
insufficient credit history
too many delinquent past or present credit obligations

credit score was 654 back in march
While I think you could be approved now it may result in a double pull
Wait 4-6 months to build more history and IMHO you stand a better chance of approval

+1

The BCE may be a bit iffy given what you've shared OP. A charge card may stand somewhat better chance (still YEMV); but if it were me, I would wait to gain more optimal results.