topic Re: AMEX CREDIT CARDS in Credit Card Applications

AMEX CREDIT CARDS

Anonymous — Mon, 24 Nov 2014 02:00:33 GMT

Last year I applied for the AMEX Blue Travel Rewards card and was declined with a 720 FICO. About 2 months ago I was thinking I really wanted to get my foot in the door with AMEX and applied for the Green Charge card and was instantly approved. After seeing a lot of posts in these message boards about how people with FICOs of 660s, 670s and 680s getting instantly approved for AMEX BCE and EveryDay I got confident and wanted to try myself. I even saw someone post that they are at 48% utilization and was still instantly approved. My FICO is a 698 right now and my utilization is at 42%. I have a very thick credit portfolio with no baddies. Between 8 cards that I have $29,600. I've paid off 1 brand new car in the past 7 years, and have $7k left to pay on a car that I got a loan for $16k for. I have a good annual salary, savings, retirement and stocks. Yesterday I was declined for the AMEX BCE.

What does it take to get to get approved for an AMEX credit card?

Re: AMEX CREDIT CARDS

chalupaman — Mon, 24 Nov 2014 02:04:27 GMT

Hmmmmm.....I was able to get an Amex Green and ED card two months after getting in with Amex and a 2x CLI as well. Maybe give it another month or two and try again.

Re: AMEX CREDIT CARDS

Anonymous — Mon, 24 Nov 2014 02:03:27 GMT

@Anonymous wrote:
Last year I applied for the AMEX Blue Travel Rewards card and was declined with a 720 FICO. About 2 months ago I was thinking I really wanted to get my foot in the door with AMEX and applied for the Green Charge card and was instantly approved. After seeing a lot of posts in these message boards about how people with FICOs of 660s, 670s and 680s getting instantly approved for AMEX BCE and EveryDay I got confident and wanted to try myself. I even saw someone post that they are at 48% utilization and was still instantly approved. My FICO is a 698 right now and my utilization is at 42%. I have a very thick credit portfolio with no baddies. Between 8 cards that I have $29,600. I've paid off 1 brand new car in the past 7 years, and have $7k left to pay on a car that I got a loan for $16k for. I have a good annual salary, savings, retirement and stocks. Yesterday I was declined for the AMEX BCE.

What does it take to get to get approved for an AMEX credit card?

Gotta know more about your profile, Joey.

Score isn't everything.

Re: AMEX CREDIT CARDS

NRB525 — Mon, 24 Nov 2014 02:04:18 GMT

How much are you using the Green card? It is a way to show them your payment history. More than two months is probably needed, and a fairly consistent usage, I would think.

The utilization may be on the high side, with a 700ish FICO. On the high side regardless, actually.

Re: AMEX CREDIT CARDS

chalupaman — Mon, 24 Nov 2014 02:08:15 GMT

I didn't see your utilization there but I think that may be a huge factor in your case as to why you haven't been approved. Maybe get that much lower and you might have a better shot at another Amex card as well as more positive history on your Green might make a difference. My overall utilization has been consistently under 10% and I've had no problems getting other Amex cards.

Re: AMEX CREDIT CARDS

Anonymous — Mon, 24 Nov 2014 02:08:36 GMT

@NRB525 wrote:
How much are you using the Green card? It is a way to show them your payment history. More than two months is probably needed, and a fairly consistent usage, I would think.

The utilization may be on the high side, with a 700ish FICO. On the high side regardless, actually.

UTL may very well be it, but until I see the rest of the profile I can't give an educated guess or lay judgement as to why there was a denial here.

My total UTL was approx 15% when I apped the PRG and ED with a ~674 EX FICO, and It was approx 20% on my AMEX BSP. ($2,400/$12,000)

Re: AMEX CREDIT CARDS

Anonymous — Mon, 24 Nov 2014 02:10:52 GMT

I've been recenly approved for the AMEX Green charge card in September then was approved for the Discover It with a 6k limit and the CSP with a $8.5k limit in October. I'm thinking if anything they declined me for utilization and inquires. But still the utilization should still be able to be overlooked. I saw someone on this board get approved with 50% utilization. Only reason why mine is so high is because I had a pet emergency last month.

Re: AMEX CREDIT CARDS

chalupaman — Mon, 24 Nov 2014 02:13:58 GMT

@Anonymous wrote:
I've been recenly approved for the AMEX Green charge card in September then was approved for the Discover It with a 6k limit and the CSP with a $8.5k limit in October. I'm thinking if anything they declined me for utilization and inquires. But still the utilization should still be able to be overlooked. I saw someone on this board get approved with 50% utilization. Only reason why mine is so high is because I had a pet emergency last month.

I think Amex has been loosening up a bit on recon. I've seen several success stories on this site related to that. Have you thought about calling the EO and going from there and explaining what happened?

Re: AMEX CREDIT CARDS

Anonymous — Mon, 24 Nov 2014 02:14:33 GMT

AMEX? Loose on recon? If you can get past the overseas script readers perhaps.

Re: AMEX CREDIT CARDS

Anonymous — Mon, 24 Nov 2014 02:40:42 GMT

I'm applying for the AMEX PRG here in the next few weeks with 6 months history and 5% utilization with $18,900 annual salary (FAKO via TU: 732)

In any event if I get that miserable 7-10 business days (is it AMEX that does that?) and I decide to call up the recon line, will it be another hard pull??

I've read on here about being careful if you call up AMEX for recon because they hard pull a lot?

Re: AMEX CREDIT CARDS

Anonymous — Mon, 24 Nov 2014 02:46:13 GMT

idk when I got my Amex charge and the revolver my score was 670 and my utilization was 50%, im surprised I got approved myself.

Re: AMEX CREDIT CARDS

Anonymous — Mon, 24 Nov 2014 02:50:14 GMT

@Anonymous wrote:
Last year I applied for the AMEX Blue Travel Rewards card and was declined with a 720 FICO. About 2 months ago I was thinking I really wanted to get my foot in the door with AMEX and applied for the Green Charge card and was instantly approved. After seeing a lot of posts in these message boards about how people with FICOs of 660s, 670s and 680s getting instantly approved for AMEX BCE and EveryDay I got confident and wanted to try myself. I even saw someone post that they are at 48% utilization and was still instantly approved. My FICO is a 698 right now and my utilization is at 42%. I have a very thick credit portfolio with no baddies. Between 8 cards that I have $29,600. I've paid off 1 brand new car in the past 7 years, and have $7k left to pay on a car that I got a loan for $16k for. I have a good annual salary, savings, retirement and stocks. Yesterday I was declined for the AMEX BCE.

What does it take to get to get approved for an AMEX credit card?

Well, one useful piece of information is whatever they say in the decline letter. Fixing those may not guarantee approval, but will tell you what they are concerned about.

Re: AMEX CREDIT CARDS

Anonymous — Mon, 24 Nov 2014 19:40:16 GMT

AmEx EO is a lot better. their EO Reps are all in Florida, USA and helped me recon after 2 frontline CSRs put a recon through and failed. a little history: I have 4 months of credit history and got an AmEx green 2 months ago, and was approved for my Gold Delta Skymiles and BCE cards back to back last week. only the delta required recon. if you call EO, you'll be in good shape I bet. Just be ready to explain any questions they may have

Re: AMEX CREDIT CARDS

Anonymous — Mon, 24 Nov 2014 19:55:47 GMT

@Anonymous wrote:
Last year I applied for the AMEX Blue Travel Rewards card and was declined with a 720 FICO. About 2 months ago I was thinking I really wanted to get my foot in the door with AMEX and applied for the Green Charge card and was instantly approved. After seeing a lot of posts in these message boards about how people with FICOs of 660s, 670s and 680s getting instantly approved for AMEX BCE and EveryDay I got confident and wanted to try myself. I even saw someone post that they are at 48% utilization and was still instantly approved. My FICO is a 698 right now and my utilization is at 42%. I have a very thick credit portfolio with no baddies. Between 8 cards that I have $29,600. I've paid off 1 brand new car in the past 7 years, and have $7k left to pay on a car that I got a loan for $16k for. I have a good annual salary, savings, retirement and stocks. Yesterday I was declined for the AMEX BCE.

What does it take to get to get approved for an AMEX credit card?

Sorry to hear. In order to properly help you, what is in your credit file exactly? If your FICO is 698, something must be preventing them from approving you. We can all give you our 2 cents until the cows come home but what in your file will help the experts here nail it. The AMEX Green is a charge card and less risk for them. Have you ever burn them? Just curious...

Re: AMEX CREDIT CARDS

ojefferyo — Mon, 24 Nov 2014 21:49:25 GMT

Yea if you have burned them in the past it may be awhile for you can get good with them.

Re: AMEX CREDIT CARDS

Anonymous — Tue, 25 Nov 2014 01:54:59 GMT

It's your UTL. I let a large balance report then seen I was pre approved! bam, app! Denied.

paid off and a few months later reapplied and got the card.

if someone got approved with 48% UTL. They may have had low avail credit like $2000 with $960 reporting so DTI is very low.

Re: AMEX CREDIT CARDS

Anonymous — Tue, 25 Nov 2014 06:18:07 GMT

I've never burned AMEX. The Green charge card is my first AMEX card. When calling AMEX today the reasons for denying me was my utilization, number of recent inquiries and they said "number of delinquent accounts". I'm 32 years old...almost 33, and I have not been delinquent on ANYTHING since my early credit years when I was 20, 21. I have to check my full credit report to see what they are talking about delinquent...

Re: AMEX CREDIT CARDS

joedtx — Tue, 25 Nov 2014 08:07:21 GMT

@Anonymous wrote:
I've never burned AMEX. The Green charge card is my first AMEX card. When calling AMEX today the reasons for denying me was my utilization, number of recent inquiries and they said "number of delinquent accounts". I'm 32 years old...almost 33, and I have not been delinquent on ANYTHING since my early credit years when I was 20, 21. I have to check my full credit report to see what they are talking about delinquent...

It's likely the utilization that's holding them back, since you know you don't have late pays just pay those cards down and Voila' you're in the Amex Club.

Re: AMEX CREDIT CARDS

ojefferyo — Wed, 26 Nov 2014 00:00:40 GMT

I would not just assume that it's your util. pull a copy of your CR and see what they are talking about. Something may have popped on there without you knowing.

Re: AMEX CREDIT CARDS

SunriseEarth — Wed, 26 Nov 2014 00:10:47 GMT

@Anonymous wrote:
I've never burned AMEX. The Green charge card is my first AMEX card. When calling AMEX today the reasons for denying me was my utilization, number of recent inquiries and they said "number of delinquent accounts". I'm 32 years old...almost 33, and I have not been delinquent on ANYTHING since my early credit years when I was 20, 21. I have to check my full credit report to see what they are talking about delinquent...

UTIL should definitely be pushed down. However, you should get your free copy of EX so you can see what they mean by "delinquent accounts."