Contributor
pat0812
Posts: 91
Registered: ‎09-10-2012
Declined for AMEX Green. Advice ?

I applied yesterday for the amex green and i got declined, because i don't have 6 months credit history (that's what experian report gave amex)

next month i will get to 6 months.

should i try again then ? will my inquiry from last night hurt my chances with  amex in the future or it doesn't matter? i heard a lot of people got approved only after 2-3 applications


Starting Score: EQ 683 TU 714
Current Score: EQ 683 TU 714
Goal Score: EQ 740 TU 740


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Valued Contributor
creditnocash
Posts: 2,185
Registered: ‎07-23-2012
Re: Declined for AMEX Green. Advice ?

pat0812 wrote:

I applied yesterday for the amex green and i got declined, because i don't have 6 months credit history (that's what experian report gave amex)

next month i will get to 6 months.

should i try again then ? will my inquiry from last night hurt my chances with  amex in the future or it doesn't matter? i heard a lot of people got approved only after 2-3 applications


if thats the only reason then yes. but i would wait a little longer. i mean since you dont have an amex yet id wait until december to do so. 

then youll get backdating to 2012 no matter when you app again. 

the more inq's will hurt you after a certain amount but they stop being in effect after 1 year and fall off of your reports after 2. 

Current: Discover Fico 689 7/14 Walmart Fico 682 7/14

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Established Contributor
shakalaka
Posts: 547
Registered: ‎09-10-2012
Re: Declined for AMEX Green. Advice ?

I was approved with 6 months history, but for the Zync. For it is no longer available, Green is the next logical card to apply for. But we do not know, what Amexco have changed since removing the Zync. Or if something new will follow the Zync. But I guess we should know by December.

 

I would also wait a little longer. What other TL do you have?

 

Amexco also likes to pull all three reports, if it is borderline (they did for me).


Amex Platinum (NPSL) | Amex BCE (33,400) | Chase Sapphire Preferred (17,400) | Discover IT (12,700) | Chase Freedom (4,800) | Walmart (4,500) | CapOne (1,500) | Alliant CU Visa | Gone for good: CapOne secured (thx for getting me started) | Amex Zync (thx for getting me into AX)

FICO: TU 748 (4/30) EQ 730 (4/26) EX 748 (12/5)

Established Contributor
Koop10010
Posts: 731
Registered: ‎02-15-2012
Re: Declined for AMEX Green. Advice ?

I would apply again in December.  I was approved for a Gold card with 8 months history, so it should be do-able.

FICOs (2/24/12): EX 752, EQ 740
Chase Sapphire Preferred, Freedom; American Express PR Gold, Blue Cash Everyday
Contributor
pat0812
Posts: 91
Registered: ‎09-10-2012
Re: Declined for AMEX Green. Advice ?

I have a Wells fargo $300 secured card

Capital One Platinum (unsecured) $500

Walmart Store Card $400

 

Always PIF and i never go above 9% UTI

Never made a payment late, my report is clean

 

The only thing is that I have only 5 reported months on my report

 

So you all say i should wait till December and get my first score to see which card i should apply for ? What are my chances with the green or gold ?


Starting Score: EQ 683 TU 714
Current Score: EQ 683 TU 714
Goal Score: EQ 740 TU 740


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Established Contributor
shakalaka
Posts: 547
Registered: ‎09-10-2012
Re: Declined for AMEX Green. Advice ?

pat0812 wrote:

I have a Wells fargo $300 secured card

Capital One Platinum (unsecured) $500

Walmart Store Card $400

 

Always PIF and i never go above 9% UTI

Never made a payment late, my report is clean

 

The only thing is that I have only 5 reported months on my report

 

So you all say i should wait till December and get my first score to see which card i should apply for ? What are my chances with the green or gold ?


Depends what follows after ZYNC. But in December you should be good to go for Green. 5 months was/is the problem. There should be at least one TL with 6 months reporting.

 

I would wait until December. The will most certainly pull all three cr, and if you are not approved in November ... Patience is your friend. I know it is hard. But December will still give you 2012 for backdating later.

 


Amex Platinum (NPSL) | Amex BCE (33,400) | Chase Sapphire Preferred (17,400) | Discover IT (12,700) | Chase Freedom (4,800) | Walmart (4,500) | CapOne (1,500) | Alliant CU Visa | Gone for good: CapOne secured (thx for getting me started) | Amex Zync (thx for getting me into AX)

FICO: TU 748 (4/30) EQ 730 (4/26) EX 748 (12/5)

Contributor
pat0812
Posts: 91
Registered: ‎09-10-2012
Re: Declined for AMEX Green. Advice ?

By the way i have already 6 inquiries on my credit report (6 hard pulls), because i'm new and i had to try my luck ( i had 2 of the waisted on stupid things, but i guess you need to learn from mistakes)

Will this hurt me a lot ? or if my accounts are in good standing i should be fine ?


Starting Score: EQ 683 TU 714
Current Score: EQ 683 TU 714
Goal Score: EQ 740 TU 740


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Established Contributor
shakalaka
Posts: 547
Registered: ‎09-10-2012
Re: Declined for AMEX Green. Advice ?

If you stop applying, you should be fine. Inq are discussed often here and the opinions differ. I was approved for Discover with 7 Inq on my EQ in 6 months. As long as you do not have Inq with no new TL (declines for approval) you will be fine I think.

 

Garden what you have till December and then shout again. Also you can use the pre approval from Discover and if pre app shout for it. I did the same. But again, patience is your friend. In one year from now you will be way into prime.


Amex Platinum (NPSL) | Amex BCE (33,400) | Chase Sapphire Preferred (17,400) | Discover IT (12,700) | Chase Freedom (4,800) | Walmart (4,500) | CapOne (1,500) | Alliant CU Visa | Gone for good: CapOne secured (thx for getting me started) | Amex Zync (thx for getting me into AX)

FICO: TU 748 (4/30) EQ 730 (4/26) EX 748 (12/5)

Established Member
nissanaltimacrazyhorse
Posts: 58
Registered: ‎10-24-2011
Re: Declined for AMEX Green. Advice ?

wait till december like people said you will back date all of 2012

chase sapphire preferred 5k
capital one venture 5k
amex blue cash preferred 2.5k
chase freedom 500
amex premier reward npsl

trans union 705 goal 750
equifax 675 goal 750

Valued Contributor
creditnocash
Posts: 2,185
Registered: ‎07-23-2012
Re: Declined for AMEX Green. Advice ?

shakalaka wrote:
I would wait until December. The will most certainly pull all three cr, and if you are not approved in November ... Patience is your friend. I know it is hard. But December will still give you 2012 for backdating later.

 


i dont think its a certain card. 

i had 4 pulls on ex.   2 cards reporting 18months +

amex pulled all 3 of my reports and gave me a 500 cl on zync 

aaoa was 8/9 months. 

 

not to discourage you. 

im sure if i apped for green instead of zync i would have gotten it. 

Current: Discover Fico 689 7/14 Walmart Fico 682 7/14

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000