topic Re: AMEX DENIED! in Credit Card Applications

AMEX DENIED!

Anonymous — Wed, 28 Nov 2018 19:53:17 GMT

So I was reading several successful AMEX applications with Fico 8 Experian scores in the 630's, it caught my attention. I checked my Experian FICO 8 and was at 649 so I thought, what the heck. I went ahead and applied for the Amex Everyday card, but was denied. I viewed the letter online and it said the reason was my FICO score and showed my 649 score.

Anyone else denied with a score similar? The denial letter says to wait 30 days... curious how long others waited to try again or at what score?

Thanks!

Re: AMEX DENIED!

Anonymous — Wed, 28 Nov 2018 20:10:04 GMT

Sorry to hear about your denial OP. I think there are some AMEX cards that are less strict with UW, Best way to find out which card is by checking their prequal page. You could be Pre-approved for Charge cards or the Delta AMEX, but your score may not be that high just yet to get an approval for their prime revolver cards. You can try again after 30 days, but I strongly suggest you get your score up to at least 675 - 690 range as that may yield a better result. And check the prequal page prior to applying, but of course, it is always YMMV

Re: AMEX DENIED!

Anonymous — Wed, 28 Nov 2018 20:47:03 GMT

I was approved for the charge card with a 656 score not too long ago. I guess your file also has to be to their liking. I can tell you however; if I would have known better, I would not have accepted their charge card. It was so difficult for me to pay it off when I first got it. I agree with the prior member to get your score higher and try again. Good luck!

Re: AMEX DENIED!

FinStar — Wed, 28 Nov 2018 21:22:23 GMT

OP, keep in mind that a FICO score is one of many elements considered when evaluating a decision. It's an exercise in futility to assume that a score alone will yield an approval.

And, while a variety of individuals provide some relevant data points associated with their approvals, you're only tapping the surface when it comes to an overall profile.

I'd suggest bringing up the score by working on any potential items that may be keeping it at that level.

Re: AMEX DENIED!

Winesnoblv — Wed, 28 Nov 2018 23:20:02 GMT

My first AMEX was the BCE. I was surprised when it was approved with my scores in the 680's, but the cl was only $1.500. It took 2 years to finally have the 3x cli approved. My point is that even if you were approved, your cl may have been lower than you need. The following year I received mailings for the Platinum Card. I was instantly approved when I applied.

Re: AMEX DENIED!

Anonymous — Wed, 28 Nov 2018 23:36:36 GMT

@Anonymous wrote:
So I was reading several successful AMEX applications with Fico 8 Experian scores in the 630's, it caught my attention. I checked my Experian FICO 8 and was at 649 so I thought, what the heck. I went ahead and applied for the Amex Everyday card, but was denied. I viewed the letter online and it said the reason was my FICO score and showed my 649 score.

Anyone else denied with a score similar? The denial letter says to wait 30 days... curious how long others waited to try again or at what score?

Thanks!

This doesn't make much sense to me. A 30-day wait is for a non-credit reason like requesting a CLI too early. When you're denied for a credit-related reason like a low credit score the wait is 90 days.

Re: AMEX DENIED!

SomewhereIn505 — Thu, 29 Nov 2018 12:46:04 GMT

OP - sorry for the denial! But get your EX report number and review on EX website. As long as you keep checking on it, you should be able to access updated reports.

Did you check the prequal page?

Re: AMEX DENIED!

Anonymous — Thu, 29 Nov 2018 15:14:36 GMT

OP, I echo what many have said here. However, I disagree with one poster here who indicated that it's a 90 day wait for a FICO Score related denial.

I applied for my AMEX, Delta Gold, on 10-12-18 with a 602 EXP FICO. I was denied for one reason, FICO Score. I waited exactly 31/32 days, reapplied with a 640ish EXP score, and was approved instantly. My experience is that you need to be very close or over 640 to secure an approval for the Delta Gold which clearly has more lenient UW. Many have had success with lower scores, it's just not as common.

And of course, it's not only about score. The rest of your profile and history seems to play a major role as well. My suggestion is wait it out, get your scores up, and apply for the card you NEED and and WANT.

Good Luck!

Re: AMEX DENIED!

RonM21 — Thu, 29 Nov 2018 19:57:08 GMT

Op as everyone has said m, checking and working on the info with your report is important at this point. Scores are only one element and many times does not tell the whole story. Take the advice given on working on your profile to make it stronger so that the next time you go to app, you can go into it with confidence, knowing you have a strong profile. When your scores are a bit low, it is almost like a crap shoot as to whether or not you stand a chance at approval.

Re: AMEX DENIED!

PointsBonus — Fri, 30 Nov 2018 00:30:49 GMT

I was in the same boat, EXACTLY THE SAME BOAT 3 years ago, here is what worked for me, after the 30 days from the decline letter, I applied for the GREEN CHARGE CARD ( yes the green one ) and used it like my DEBIT card, I made payments on a weekly basis, within 2 months my Pre-Set spending limit was up to $5000-- fast forward 3 years..... AMEX is my best friend.

Hope this helps.

Re: AMEX DENIED!

HeavenOhio — Fri, 30 Nov 2018 12:30:54 GMT

@Anonymous wrote:
@Anonymous wrote:
So I was reading several successful AMEX applications with Fico 8 Experian scores in the 630's, it caught my attention. I checked my Experian FICO 8 and was at 649 so I thought, what the heck. I went ahead and applied for the Amex Everyday card, but was denied. I viewed the letter online and it said the reason was my FICO score and showed my 649 score.

Anyone else denied with a score similar? The denial letter says to wait 30 days... curious how long others waited to try again or at what score?

Thanks!
This doesn't make much sense to me. A 30-day wait is for a non-credit reason like requesting a CLI too early. When you're denied for a credit-related reason like a low credit score the wait is 90 days.

I think that if one is applying for a new card, 30 days is the wait time after a denial. With CLI denials, the waiting period is 90 days.

I'd aim for a score of at least 680, with 700 being better. 650 might yield an approval, but the limit is likely to be low and tough to grow for a while.

Re: AMEX DENIED!

Anonymous — Tue, 18 Dec 2018 14:51:39 GMT

Think I was at 642 when I got the delta gold, I used for 6 months paying off everything as soon as it posted. Was later approved for Aspire, then couple months ago Amex platinum. I think waiting a couple months and opening the door with the Delta card will help.

Re: AMEX DENIED!

Anonymous — Mon, 04 Feb 2019 11:50:16 GMT

I had a 715 score and denied for everyday card.
No missed payments.
5%utilization
They said aaoa too short. Length of loans (1-1/2)years too short.
I only applied since I was pre qualified and saw much lower scores getting card.
Now that I applied I see more pre approval for green and gold card

Re: AMEX DENIED!

Anonymous — Mon, 04 Feb 2019 11:52:55 GMT

They also said wait one to two months to reapply after called backdoor twice

Re: AMEX DENIED!

sjt — Sun, 10 Feb 2019 21:00:54 GMT

@Anonymous wrote:
So I was reading several successful AMEX applications with Fico 8 Experian scores in the 630's, it caught my attention. I checked my Experian FICO 8 and was at 649 so I thought, what the heck. I went ahead and applied for the Amex Everyday card, but was denied. I viewed the letter online and it said the reason was my FICO score and showed my 649 score.

Anyone else denied with a score similar? The denial letter says to wait 30 days... curious how long others waited to try again or at what score?

Thanks!

Can you give us a little more details on your credit profile, ie Utilization, AAOA, and Derogs, etc.

Re: AMEX DENIED!

Anonymous — Wed, 27 Feb 2019 16:51:19 GMT

I was denied with aaoa 1 year aooa 20 months. 5 utilization. 7 inquiries
715 FICO Experian.
Reasons for denial not enough credit history
Too many inquiries. I thought I would have got the card since I saw people with 660 scores getting them left and right. But it's okay I'll be alright in July for an Amex or discover or something. Does anybody think I would not call if I in July? Please don't hold back

Re: AMEX DENIED!

Anonymous — Wed, 27 Feb 2019 16:52:20 GMT

Qualify***

Re: AMEX DENIED!

Vu — Wed, 27 Feb 2019 18:09:46 GMT

I think that there are two tiers of the Amex cards.

The charge card (Platinum, Gold, Green) and the co-brand cards (Hilton, Mariott, Delta) have less stringent UW than the core revolver cards (BC, ED, CM, etc.)

I get approved for Hilton and Platinum charge card, also pre-approved for Delta and Mariott cards. But for the core revolver cards, I do not get any pre-approved. I went ahead and cold applied for ED and promptly get denied.

So if you want the core revolver cards, I believe you need a minimum of 670 Fico score to be considered for those products. Of course, other variables on your CR might be part of the approval too.

Re: AMEX DENIED!

sjt — Wed, 27 Feb 2019 23:26:27 GMT

@Anonymous wrote:
I was denied with aaoa 1 year aooa 20 months. 5 utilization. 7 inquiries
715 FICO Experian.
Reasons for denial not enough credit history
Too many inquiries. I thought I would have got the card since I saw people with 660 scores getting them left and right. But it's okay I'll be alright in July for an Amex or discover or something. Does anybody think I would not call if I in July? Please don't hold back

You should call and request a recon.

Re: AMEX DENIED!

Anonymous — Wed, 27 Feb 2019 23:55:09 GMT

By recon u mean call backdoor number/underwriters correct?
I did twice. This was early January. I spoke with a supervisor who was reassuring but results came back denied a week or so later. Not sure if theres anything can do now?