Reply
Frequent Contributor
Posts: 268
Registered: ‎08-14-2008
0

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 December EQ & EX & TU FICO Score: 825 & 827 & 827

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

Gardening Since: June 2012 Garden Goal: October 2014

Wish List: | Amex SPG



Epic Contributor
Posts: 22,721
Registered: ‎10-23-2007
0

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.

Fico Scores: EQ- 662 DCU., TU 704 Best Buy, EX 700 Chase (1/5/15)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
67 Cards and Counting :smileytongue:
Community Leader
Valued Contributor
Posts: 11,304
Registered: ‎12-13-2013
0

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.

EX Cred Ses 01/15: 765 ; EX Fico 04 V2 06/14: 775; EX Fico 08 BC 01/15: 839
EQ Beacon 5.0 12/14 757
TU Fico 8 01/15: 805
Frequent Contributor
Posts: 268
Registered: ‎08-14-2008
0

Re: amex green and BK

[ Edited ]

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 December EQ & EX & TU FICO Score: 825 & 827 & 827

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

Gardening Since: June 2012 Garden Goal: October 2014

Wish List: | Amex SPG



Epic Contributor
Posts: 22,721
Registered: ‎10-23-2007
0

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.

Fico Scores: EQ- 662 DCU., TU 704 Best Buy, EX 700 Chase (1/5/15)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
67 Cards and Counting :smileytongue:
New Visitor
Posts: 1
Registered: ‎03-30-2014
0

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!!!!

New Contributor
Posts: 62
Registered: ‎03-13-2014
0

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.



Established Contributor
Posts: 569
Registered: ‎12-27-2012
0

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.
Regular Contributor
Posts: 160
Registered: ‎09-20-2012
0

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. 

Established Contributor
Posts: 654
Registered: ‎06-06-2012
0

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!

Get a myFICO recommended credit card

Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.