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Contributor
wealthcreator
Posts: 211
Registered: ‎07-02-2012

Zync Gone : Now What are chances for BCE or BCP

[ Edited ]

Hi,

i have been denied for BCE last month when my credit history was 11 months. This month i received offers for gold and green card. What are my chances of BCE if I apply in oct? 

 

i am planning for zync card and then pull the trigger for BCE on same day. I have 12 month history with 1% util, PIF all times. Negative point is around 8 inqueries :smileysad:

 

Edit: Now Zync is not available so I have to go with Green card. I dont really want to pay $95 annually for green, so I am planning to cancel green when I got BCE.

 

What are your views?

 

Walmart TU-724 on 12-2012
EX-707 on 08-2012
EQ-668on 08-2012
_________________________________
Wallet - Discover 1500 | Chase Freedom 1500 | OldNavy Visa 2750 | Walmart 2000 | Amex BCE 6000 | BoA Visa Sig 5000 | Chase Marriott 5000 | Amex Hhonor 2000 | CSP 5000
__________________________________________
Established Contributor
gettnthere
Posts: 912
Registered: ‎06-14-2012

Re: What are chances for BCE or BCP

Seems to me like you'd have a good shot now that you have hit a year with revolving history. Do you currently hold any AMEX?



Starting Score: EQ 609, EX 633(Fako), TU 700
Current Score: EQ 699, EX 758, TU 733
Goal Score: 720 across the board
Garden Club Member-GC Challenge: App free since 10/31/12 :smileywink:
Frequent Contributor
jd5189
Posts: 470
Registered: ‎08-14-2012

Re: What are chances for BCE or BCP

I do not think 1 month will change the decision much, but I think your income would play a significant factor in approval for your case with a thin file. How old are your other cards?

The criteria for BCE and BCP is practically the same - you just have to decide which is better for you and app for that card.

In my wallet: Amex PRG & Zync, Amex BCE (19.2k), Chase Freedom (5k), PSECU Visa/PSL (20k)
Current Scores: Equifax: 738 (Fako) TransUnion: 721 (Fico) Experian: 717 (Fico)
Disclaimer: I am by no means a financial advisor. My posts are based on opinion, experience, and/or knowledge.
Established Contributor
gettnthere
Posts: 912
Registered: ‎06-14-2012

Re: What are chances for BCE or BCP

Never mind, just re-read your post. I think you have an excellent shot at the Zync and a good shot a BCE. and if you app for both at the same time you MAY only receive 1 HP for both! And if for some reason you are denied for BCE but approved for ZYnc it should still only be 1hp instead of 2. Someone correct me if i am wrong. I'd say go for them!! Goodluck!:smileyhappy:



Starting Score: EQ 609, EX 633(Fako), TU 700
Current Score: EQ 699, EX 758, TU 733
Goal Score: 720 across the board
Garden Club Member-GC Challenge: App free since 10/31/12 :smileywink:
Contributor
wealthcreator
Posts: 211
Registered: ‎07-02-2012

Re: What are chances for BCE or BCP

I dont have any amex card and i have income around 80K.

 

thats why i want to apply for zync then same day BCE. It will be considered only 1 inquery.

Walmart TU-724 on 12-2012
EX-707 on 08-2012
EQ-668on 08-2012
_________________________________
Wallet - Discover 1500 | Chase Freedom 1500 | OldNavy Visa 2750 | Walmart 2000 | Amex BCE 6000 | BoA Visa Sig 5000 | Chase Marriott 5000 | Amex Hhonor 2000 | CSP 5000
__________________________________________
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: What are chances for BCE or BCP


wealthcreator wrote:

Hi,

i have been denied for BCE last month when my credit history was 11 months. This month i received offers for gold and green card. What are my chances of BCE if I apply in oct? 

 

i am planning for zync card and then pull the trigger for BCE on same day. I have 12 month history with 1% util, PIF all times. Negative point is around 8 inqueries :smileysad:


I think you have a good shot, app for the Zync 1st then the BCE/P immediately if you get approved for Zync.

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Established Contributor
gettnthere
Posts: 912
Registered: ‎06-14-2012

Re: What are chances for BCE or BCP


LS2982 wrote:

wealthcreator wrote:

Hi,

i have been denied for BCE last month when my credit history was 11 months. This month i received offers for gold and green card. What are my chances of BCE if I apply in oct? 

 

i am planning for zync card and then pull the trigger for BCE on same day. I have 12 month history with 1% util, PIF all times. Negative point is around 8 inqueries :smileysad:


I think you have a good shot, app for the Zync 1st then the BCE/P immediately if you get approved for Zync.

 


Thats what is was thinking too. Wonder what his chance is at getting only 1Hp for both apps?



Starting Score: EQ 609, EX 633(Fako), TU 700
Current Score: EQ 699, EX 758, TU 733
Goal Score: 720 across the board
Garden Club Member-GC Challenge: App free since 10/31/12 :smileywink:
Established Contributor
jamie123
Posts: 658
Registered: ‎03-22-2012

Re: What are chances for BCE or BCP

I think the Zync would definitely be approved. I think the odds on approval of the BCE are good enough to give that a try also. Hey, it will only be a soft pull if denied anyway.

 

Be prepared to get the 7 to 10 day notice on the BCE app though. When you are a new customer of AMEX and app for 2 cards on the same day it sometimes triggers their fraud alert with the 2nd app. They worry about someone using stolen identities to open accounts. You usually just have to give them a call and send in proof of identity.



Starting Score: EQ 658 6/18/12
Current Score: EQ 680 9/23/13
Goal Score: EQ 720+
Take the FICO Fitness Challenge
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: What are chances for BCE or BCP


jamie123 wrote:

I think the Zync would definitely be approved. I think the odds on approval of the BCE are good enough to give that a try also. Hey, it will only be a soft pull if denied anyway.

 

Be prepared to get the 7 to 10 day notice on the BCE app though. When you are a new customer of AMEX and app for 2 cards on the same day it sometimes triggers their fraud alert with the 2nd app. They worry about someone using stolen identities to open accounts. You usually just have to give them a call and send in proof of identity.


Good point, you'll have to call in to verify yourself when asking about app status.

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Frequent Contributor
jd5189
Posts: 470
Registered: ‎08-14-2012

Re: What are chances for BCE or BCP

I think your app for Zync will be approved. Definitely app for the BCP/BCE immediately afterwards and chances are high it will only be one hard pull

In my wallet: Amex PRG & Zync, Amex BCE (19.2k), Chase Freedom (5k), PSECU Visa/PSL (20k)
Current Scores: Equifax: 738 (Fako) TransUnion: 721 (Fico) Experian: 717 (Fico)
Disclaimer: I am by no means a financial advisor. My posts are based on opinion, experience, and/or knowledge.

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