bichonmom wrote:
adavis425 wrote:I never thought I would see the day when I would say this, but...I'm SDing my AMEX gold card
. I know, I can't believe it either. Twice in the last 60 days I've apped for the BCP only to be denied twice. Today I received my second letter with the reasons. (1) Too many inqs (same as last time)!! I was auto shopping!!!!!! And there were only 3 inqs. (2) Debt with other creditors relative to available credit. Isn't that util?? I'm at 3% now as I was when I apped!! Is that really all they have?? I really don't get it. I have been with them for 11 years and have never had a late payment, a returned payment, no negatives at all! I have always paid them no matter what else was going on in my financial life. As soon as my CSP arrives I am SDing AMEX indefinitely. Just needed to vent. Thanks for listening.
Sorry to hear that. I wonder with your util, is that all on one CC? I have found that my FICO goes down when mutliple cards have even tiny balances (like $61 on $1500 CL droped me rougly 10 pts). So, even though my overall util is low, apparently FICO doesn't like balances showing on multiple CCs. Maybe it's not the amount you owe, but that it's spread out on a few diff CCs.
Just a thought. Also, I think under these circumstances, you could recon and explain the inq. and ask about the util reason. I can understand your frustration!
Yes, Bichonmom, one card. The second time I apped, I also apped for the CSP and was approved. At this point, I don't even want the BCP or the recon. Maybe I'll think differently at a later date, but for now they can keep their card and I'll send my business in another direction.
