10-16-2011 03:12 PM
Amex actually pulled all three reports, probably because I applied for a charge card and a revolver in the same day. They have done this to me in the past. The only reason why I mentioned Equifax is because that is what MyFico gives us, and it told me that Amex pulled it.
10-16-2011 03:23 PM
Amex pulled TU, EQ and EX for me! I pulled the trigger a bit to early, knowing that my CA accounts had only been removed from EX.
I also made the mistake of apping for the credit card, expecting that I would probably be declined. My intention was to app for that and the Zync at the same time - thinking that they were only going to pull once, so why not try for the credit card too? However, my 2nd app, which was for the Zync was cancelled. So 3 hits for nothing
10-16-2011 04:52 PM
I got that reply when I app'd for the Blue and got denied. However, right after that I app'd for the Delta Gold and it got cancelled because I applied for three cards in the same day and I called and got them to manually review it.
11-05-2011 01:58 AM - edited 11-05-2011 02:02 AM
If you can, maybe it's worth paying all cards off or at least very low.
I got the counter offer with a score of around 600 (EQ/TU, EX can't be that much different), even though the EX report they pulled showed two paid tax liens from 2007, two charge offs (both paid) from 2008, 30-day late payments from 2010 and 2011, an (incorrect) current 60-day delinquent on a paid-off car loan and a boatload of enquiries. The only real plusses were 0% utilization on the credit cards and a currently-healthy mortgage (but with a 60-day-late in early 2010).
Quite honestly, I had a hard time figuring out why I got the counter offer instead of a flat denial. I can only think that the 0% utilization looks good for a charge card that must be paid in full each month.
11-05-2011 08:13 AM - edited 11-05-2011 08:28 AM
This is the response that I got
Dear Funky Winkerbean
Thank you for your recent application for Zync SM from American Express. We do value your desire to establish a relationship with us. We regret that we are unable to approve your request.
Reason(s) for Our Decision
Our scoring of your credit and other relevant information (See below)
****I do not have any charge offs on the big 3 so I am assuming there is something on Teletrack. I have ordered the report, should be here soon
We evaluated your application using a credit scoring system that considers various pieces of information, including your credit report. The following key factors contributed to our evaluation:
You have charged-off financial obligations reflected in a report obtained from Teletrack Consumer Reporting Agency.
Length of time accounts have been established (Experian)
Too many recent credit checks. (Experian)
In our estimation, the amount you have paid on your bank and retail credit card accounts over the last twelve months is too low. (Experian)
Information About Your FICO? Score
We obtained your FICO score from Experian and used it in making our credit decision. Your FICO score is a number that reflects the information in your credit report. Your FICO score can change, depending on how the information in your credit report changes. On November 02, 2011, your FICO score was 668. The FICO score ranges from 300 to 850. The following are the key factors that contributed to your FICO score:
Too few accounts currently paid as agreed.
Length of time accounts have been established.
Lack of recent installment loan information.
Too many inquiries last 12 months.
FICO is a registered trademark of Fair Isaac Corporation in the United States and in other countries.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.