topic Re: AMEX Gold Denial .... AGAIN in Credit Card Applications

AMEX Gold Denial .... AGAIN

Anonymous — Thu, 03 Jan 2019 19:19:30 GMT

Hey everyone,

So I’ve been working towards an Amex for 2 years now with a denial every time I’ve applied which is 5 times.

Most recent denial last month before today it says was due to high revolving balances. Understable considering one card was at 7.3/10k. I paid down that card to 25% which reflected as of yesterday on myFICO.

Applying today I was denied again with the reason I haven’t been an AMEX customer long enough. I have an AMEX Everyday since September.

I called recon and asked for a review, also stating my credit pull is from Dec 1, per the denial letter.

Any insight on if I’ll get approved in recon?

0 late payments
0 baddies
8 accounts all perfect history
Largest cards 10k/5k/5k
2 years age
80k income

Re: AMEX Gold Denial .... AGAIN

Anonymous — Thu, 03 Jan 2019 19:48:22 GMT

Sorry to hear about the denial. Amex used the old report for the application. During the recon, did you ask them to pull a new report? The recon can swing either way.

However, if you are denied again, give it six months before you apply again.

Re: AMEX Gold Denial .... AGAIN

Anonymous — Thu, 03 Jan 2019 19:50:43 GMT

Yes I did mention the outdated report and asked for a new pull.

Hopefully this goes my way, been a long road from the 400s and a report full of collections lol

Re: AMEX Gold Denial .... AGAIN

Anonymous — Thu, 03 Jan 2019 19:58:25 GMT

I hope so too. I will keep my fingers crossed for you. Please update once you know of the final outcome .

Re: AMEX Gold Denial .... AGAIN

Anonymous — Thu, 03 Jan 2019 21:09:30 GMT

Thanks! Will def update

Re: AMEX Gold Denial .... AGAIN

Anonymous — Fri, 04 Jan 2019 19:50:14 GMT

Updated less than 24 hours later as a denial again. No new HP. FICO is 40 points higher than the pull but doesnt appear to matter based on reasoning.

Thank you for applying for American Express Gold Card. We are writing to let you know that, unfortunately, we cannot approve your application at this time.

Reason(s) for Our Decision

Our scoring of your credit and other relevant information (see below)

We evaluated your application using a credit scoring system that considers various pieces of information, including your credit report. The following key factors contributed to our evaluation:

The length of time you have been a customer with American Express is too short.

Information About Your FICOÂ® Score

We obtained your FICO score from Experian and used it in making our credit decision. Your FICO score is a number that reflects the information in your credit report. Your FICO score can change, depending on how the information in your credit report changes. On December 01, 2018, your FICO score was 709. The FICO score ranges from 300 to 850. The following are the key factors that contributed to your FICO score:

Re: AMEX Gold Denial .... AGAIN

FinStar — Fri, 04 Jan 2019 20:57:20 GMT

At least no HP for the re-review, but the reconsideration request is final.

You could reapply again down the road when things are more optimal profile/score-wise.

Re: AMEX Gold Denial .... AGAIN

Anonymous — Fri, 04 Jan 2019 21:14:45 GMT

Yeah it is what it is.

Said screw it and went for the Cap1 Venture and got $5K approval so that help ease the sting.

Re: AMEX Gold Denial .... AGAIN

CreditInspired — Fri, 04 Jan 2019 21:27:31 GMT

@Anonymous wrote:
Yeah it is what it is.

Said screw it and went for the Cap1 Venture and got $5K approval so that help ease the sting.

Yep, that'll do it. Congrats on the Cap1 Venture approval.

Re: AMEX Gold Denial .... AGAIN

Priory_Man — Fri, 04 Jan 2019 21:31:44 GMT

@Anonymous wrote:

Said screw it and went for the Cap1 Venture and got $5K approval so that help ease the sting.

Nice app, that should hold you over for 6 months or so, then have another crack to the AMEX card.

Re: AMEX Gold Denial .... AGAIN

Anonymous — Mon, 07 Jan 2019 03:17:13 GMT

You should wait a bit, let the score refresh, and try to recon/reapply. I sucessfully reconed a gold card well over a month after the application date. You should be fine with your profile. I do have a BCE with them so idk if that makes a difference. As a member you can see when their monthy soft pull profile updates. I was denied once. then when I saw a 40 point increase on EX (who they, I think, only use). I tried to app again, was instant deny. I reconed for that app, and was denied again using the same score. About a week later I reconed the origional app and after about 2 days it said approved. Though I was dreaming when I saw it as I have always wanted the gold. BTW if you wanna just resubmit get someone to send you the 50k point refer-a-friend bonus link if you havent already!!! <MOD CUT REMOVED>. Have my fingers crossed for an approval for you!!!!

Re: AMEX Gold Denial .... AGAIN

Anonymous — Mon, 07 Jan 2019 02:20:02 GMT

BTW congrats on your Venture Approval. Im in 7-10 day Limbo on my app. I think I may have screwed myself with my recent approvals elsewhere. Hoping for an approval of at least 5,000. Want that VISA Signature!!!

Re: AMEX Gold Denial .... AGAIN

Anonymous — Mon, 07 Jan 2019 03:05:12 GMT

Thanks for the advice Mbills. I have the AMEX everyday also. Where do I see when their scoring refreshes?

Re: AMEX Gold Denial .... AGAIN

Anonymous — Mon, 07 Jan 2019 03:31:28 GMT

On the app if you go to account it should be listed under Membership. On the website you go to Account Services and under the Personal Details tab, under your email and password, it should say View FICO Score. This score is what Amex uses to determine eligibility. Some people say that this score can lag a few days from when you see the change to when the UW team sees the change. Mine normally updates about 3 days after statement cuts but I waited 15 after that date to actually request a recon on the Gold card. None the less, there is at least proof that recon after significant score change is possible with amex. Do note that Amex is very picky when it comes to recon. The person you talk to is worthless for your approval just be kind and inform them there was an error on your credit report and you took care of it and would like the application to be reviewed again. You never get to talk to the true decision maker, only the rep who submits it for review. All you can do is hope your new score is updated and it is what the review team sees. I was approved with only a soft pull because I did make it VERY clear that I did not want them to put a HP on my report over a recon. I guess the soft pull data was new enough becuase they approved. My FICO with them was 742 at TOA. If you dont have the link to look at your app submissions here it is. Make sure when you disconnect from your call you see your status change from DENIED to IN PROCESS again. If not, call back and request again. https://www262.americanexpress.com/eaol/welcome.do

Re: AMEX Gold Denial .... AGAIN

Anonymous — Tue, 08 Jan 2019 01:19:21 GMT

Thanks! I see where it shows the date and actually says this is the score they use. Wish I knew that before reapping. Would have held out until the end of this month since I apparently have a Jan 29 refresh

Re: AMEX Gold Denial .... AGAIN

Anonymous — Tue, 08 Jan 2019 01:22:40 GMT

Hey who knows. Just wait until that date and reapply. It’s only soft pulls anyway. If they deny again with the wrong score then recon again. Don’t for get to find a link for that 50k SUB.

Re: AMEX Gold Denial .... AGAIN

Anonymous — Tue, 08 Jan 2019 01:24:22 GMT

Can you shoot me a link?

Re: AMEX Gold Denial .... AGAIN

Anonymous — Tue, 08 Jan 2019 01:25:40 GMT

Sure

Re: AMEX Gold Denial .... AGAIN

Brian_Earl_Spilner — Tue, 08 Jan 2019 01:33:36 GMT

Amex can be really weird about approvals. I had no pre-approvals and cold apped. Denied. 9 days later I tried again after a slight score change, maybe 9 points, and approved.

Re: AMEX Gold Denial .... AGAIN

CreditInspired — Tue, 08 Jan 2019 02:41:40 GMT

9 days, 9 points. Your lucky numbers 😁

Congrats on the approval!!