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amex green and BK

Frequent Contributor

amex green and BK

hello everyone

 

i have been an AU on my wifes amex blue since 2008

 

i applied for amex PR gold in 2012 and was rejected for three reasons ( after manual review)

 

BK on file - 2004 discharge

too few accounts paid as agreed

no open installment loans (only car loan showing was paid off)

 

i took their denial constructively and opened three tradélines , discover, walmart, barclays plus an Auto loan

 

fast forward to day - i have no inquiries in 2013, 1% utilization

 

is it worth it to apply again? or just i just wait 9 more months for BK to drop off - it is so old that it should really fäctor in anymore!

 

 

 

BK7 Discharge: October 2004 Starting Score: 590 August 2017 EQ & EX & TU FICO Score: 844 & 847 & 846

Goal Score: 800+ across the board | Goals Hit: 3 Active Cards: 2

Gardening Since: October 2015 Garden Goal: Oct 2018

Wish List: | None



Message 1 of 11
10 REPLIES
Epic Contributor

Re: amex green and BK


pokerpro wrote:

hello everyone

 

i have been an AU on my wifes amex blue since 2008

 

i applied for amex PR gold in 2012 and was rejected for three reasons ( after manual review)

 

BK on file - 2004 discharge

too few accounts paid as agreed

no open installment loans (only car loan showing was paid off)

 

i took their denial constructively and opened three tradélines , discover, walmart, barclays plus an Auto loan

 

fast forward to day - i have no inquiries in 2013, 1% utilization

 

is it worth it to apply again? or just i just wait 9 more months for BK to drop off - it is so old that it should really fäctor in anymore!

 

 

 


I would apply for the Preferred Rewards Gold over the green.

Message 2 of 11
Moderator

Re: amex green and BK

Some get approved with older BKs on file others don't, it would depend on the strength of your overall credit profile.

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne
Message 3 of 11
Frequent Contributor

Re: amex green and BK

well

 

open accounts are

 

three individual - walmart (6k) , barclays (3k) disover (1500)

two joint - sapphire preferred 10k and macys (5k)

AU- sears, (2k) amex blue (8k)

 

oldet is macys 1997

average age about 4 years

 

i know - its only three indivdual tradeline, but i hope the joint account do count

 

änd i was siĉk of capitalone orchard and the  likes of household bank with their absured interet and AF so i ĉlosed them all

BK7 Discharge: October 2004 Starting Score: 590 August 2017 EQ & EX & TU FICO Score: 844 & 847 & 846

Goal Score: 800+ across the board | Goals Hit: 3 Active Cards: 2

Gardening Since: October 2015 Garden Goal: Oct 2018

Wish List: | None



Message 4 of 11
Epic Contributor

Re: amex green and BK


pokerpro wrote:

well

 

open accounts are

 

three individual - walmart (6k) , barclays (3k) disover (1500)

two joint - sapphire preferred 10k and macys (5k)

AU- sears, (2k) amex blue (8k)

 

oldet is macys 1997

average age about 4 years

 

i know - its only three indivdual tradeline, but i hope the joint account do count

 

änd i was siĉk of capitalone orchard and the  likes of household bank with their absured interet and AF so i ĉlosed them all


Since you have no INQ's, won't really hurt you even if denied.

Message 5 of 11
New Visitor

Re: amex green and BK

You got a keep trying with amex.  My BK was discharged in 2006.  I applied 3 times before I was approved with only $1100 credit line, but that's a step in the door.  I never heard of anyone getting approved with amex with BK still reporting.  So I got Really lucky!!!!

Message 6 of 11
Contributor

Re: amex green and BK

Depends on amex internal scoring and the strength of your credit profile. My Bk is due to fall off in 9 months and amex was in bk. Recently i was approved for amex bce $1500, amex everday $5000, chase freedom $2200. Good luck, just last year i was approved for discover $1500 now 6k.

amex bc $15kl amex bce $1.5kl bbva amex $7kl freedom $3.1kl, csp $5.8kl sallie mae $5.7kl venture $7kl citi dc $10kl discover $13kl assoc bank $7kl nasa fcu $18.1kl penfed plat rewards $15kl penfed plat rewards $22kl lowes $17kl walmart $6kl

nasa ploc 17k
Total limit $163,200K
Message 7 of 11
Established Contributor

Re: amex green and BK

What's your EX fico? since you have no inqs and a very old BK; if your ex fico is around 690 it maybe worth it to app for the PRG now instead of waiting another 9 months to fall off.
Message 8 of 11
Regular Contributor

Re: amex green and BK


pokerpro wrote:

well

 

open accounts are

 

three individual - walmart (6k) , barclays (3k) disover (1500)

two joint - sapphire preferred 10k and macys (5k)

AU- sears, (2k) amex blue (8k)

 

oldet is macys 1997

average age about 4 years

 

i know - its only three indivdual tradeline, but i hope the joint account do count

 

änd i was siĉk of capitalone orchard and the  likes of household bank with their absured interet and AF so i ĉlosed them all


It sounds like you have come a bit of ways since your discharge, and I certainly commend you for that.  As others have said, AMEX will sometimes approve with a BK showing if it's around or older than 7-8 years; results are mixed.  If you can hold off for another 9 months, I'd probably just wait it out to avoid too many inquiries in a short period of time.  If you want to pull the trigger now, I think your chances are fair to good, so long as you don't have any recent baddies or high utilization.  I'd say your chances are good once the BK drops, given the above. 

Message 9 of 11
Established Contributor

Re: amex green and BK

I have an Aug '04 BK. Apped for AMEX in 2010 and was denied. Apped again a few months ago and was accepted. My scores were around 720ish which is much better than they were in 2010. Good luck!

Message 10 of 11