topic Re: AMEX App questions in Credit Card Applications

AMEX App questions

Anonymous — Tue, 07 Aug 2018 04:23:03 GMT

New here, been lurking earlier this year. I recently appd for Amex bce and was instantly denied. Right after that I app for Amex green since I read it was easier. And the status of the app is “cancelled” and reason given were “ The reason for our decision is that our policy is not to approve an applicant whom we have recently declined.“ Im in process of rebuilding fico8 ex is 650. What steps should I take? Recon or wait to app for Amex green again. Thank you in advance.

Re: AMEX App questions

Anonymous — Tue, 07 Aug 2018 04:30:49 GMT

@Anonymous wrote:
New here, been lurking earlier this year. I recently appd for Amex bce and was instantly denied. Right after that I app for Amex green since I read it was easier. And the status of the app is “cancelled” and reason given were “ The reason for our decision is that our policy is not to approve an applicant whom we have recently declined.“ Im in process of rebuilding fico8 ex is 650. What steps should I take? Recon or wait to app for Amex green again. Thank you in advance.

You can app again in 30 days but its better if (a) you have an Experian FICO 8 score of at least 670 (b) you have a pre-approval from Amex.

Despite what you may have heard, charge cards are not necessarily easier to get that credit cards.

Re: AMEX App questions

Anonymous — Tue, 07 Aug 2018 04:36:55 GMT

For sure. I should’ve app for green first. Still fairly new to this started my rebuild last nov. With the reasons given is it high chance of getting approved for the green? I do not understand that reason at all. Because when I was denied for bce they listed number of things why and for the green it was just that statement.

Re: AMEX App questions

Anonymous — Tue, 07 Aug 2018 04:48:28 GMT

@Anonymous wrote:
For sure. I should’ve app for green first. Still fairly new to this started my rebuild last nov. With the reasons given is it high chance of getting approved for the green? I do not understand that reason at all. Because when I was denied for bce they listed number of things why and for the green it was just that statement.

You were automatically denied for the Green charge card because your earlier app for the BCE was denied and you did not allow 30 days to elapse. Amex's system is programmed to reject any other apps until 30 days. So your Green app was not even processed and you didn't get a hard pull for that.

Re: AMEX App questions

Anonymous — Tue, 07 Aug 2018 04:50:17 GMT

Oh I see. Gotcha! Thanks for the fast replies. Much appreciated

Re: AMEX App questions

Anonymous — Tue, 07 Aug 2018 05:28:30 GMT

@beachboy. Did you check pre approvals before you applied and were subsequently denied?

Re: AMEX App questions

Anonymous — Tue, 07 Aug 2018 05:34:46 GMT

Yes I’ve checked and there was no offers. I only cold app because I’ve read people have been approved with a FICO 8 ex 650.

Re: AMEX App questions

SomewhereIn505 — Tue, 07 Aug 2018 11:16:30 GMT

I’m sorry OP!

Hang in there and keep checking the AmEx prequal site ( after 30 days has passed). If you get single APR of a small range, then the prequal is generally good.

Re: AMEX App questions

Anonymous — Tue, 07 Aug 2018 13:33:00 GMT

@Anonymous wrote:
Yes I’ve checked and there was no offers. I only cold app because I’ve read people have been approved with a FICO 8 ex 650.

Its possible but it depends on your credit profile and history. Your mistake is in assuming that lenders make decisions just on the basis of your FICO score. I was approved for an Amex card with an Experian FICO score of 644 but I also had a long credit history and had been a member of American Express since 1995. There's a lot more that goes in to approvals and credit limits than just your credit score.

Also, with a score of 650 you're likely to only get a starting limit in the $500-1000 range and will have to wait 181 days for the chance of a credit limit increase. That's why I advised you to get your score up to around 670 to increase your chances of a reasonable credit limit.

Re: AMEX App questions

Anonymous — Wed, 08 Aug 2018 10:07:02 GMT

I was approved with no FICO so it truly "depends"...

Re: AMEX App questions

Anonymous — Wed, 08 Aug 2018 14:14:41 GMT

I went through the same thing OP... accidentally apped for the PRG without knowing you can't after a fresh denial.

I called the Rep they told me 10 days not 30 days and gave me an actual date I can apply again on.

The only language I found anywhere on the site said 30 days so I was skeptical but sure enough I apped on the day he told me and was approved for the PRG. I'd call them and see what day they actually have in the system for you to become eligible again.

Here is my thread if you're interested.

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Amex-PRG-Disappeared-off-Website-Update-Approved/m-p/5275838#M544242