topic Re: AMEX application after Amex charge-offs in Credit Card Applications

AMEX application after Amex charge-offs

Anonymous — Sun, 08 Mar 2020 22:01:04 GMT

In 2017 I had 2 of my AMEX cards get canceled. 1 ended up being charged off for ~ 14k(Simply Cash Business) because I stopped payment. The other (BCE) was roughly 2k and I continued making payments.

A few months ago I settled the SCB for $7.5k and paid off the BCE in full.

I thought I was blacklisted from AMEX but 2 days ago I decided to send in 2 applications to check anyways. I applied again for the BCE and also the Cash Magnet card. I thought for sure I was blacklisted when I didn't see the HP on my Experian but surprisingly my application was not automatically denied. It currently says it's in progress and when I called they said it is being reviewed by the back office to get a final decision. I was told I should be hearing back by 2/11.

I've also read that if you have or had open accounts with AMEX and apply for a new card they will do a SP instead of HP. Maybe that's what happened, not sure. I will update you guys once I hear back!

UPDATE 02/09:

While still waiting to hear back from AMEX. I decided to do the pre-qualify application and got pre-qualified offers for Delta Skymiles Gold, Platinum, and Reserve. I think this definitely means I'm not blacklisted

UPDATE 02/11:

I called today since I saw the application was still in progress. Turns out there was a fraud hold. They told me they needed me to verify my identity and asked me a couple of questions. Now I'm told I will get the decision within 24 - 72 business hours. That's 3-6 business days I'm assuming.

UPDATE 02/21:

I still have not gotten a decision. The applications are still in progress. I've been told that they've escalated it to their "concern team". The last representative I spoke to says they are doing an income verification. I asked do they want me to submit W2s and pay stubs I was told "if the concern team needs additional information from you they will contact you." It has now been 16 days since the original application. At this point no one I've spoken to at AMEX is sure as to why it is taking so long.

UPDATE 02/22:

The status on the BCE application now says "canceled". I'll call in on Monday to figure out what's going on.

UPDATE 02/25:

I received a letter in the mail to fill out a 4506-T for American Express to get a copy of my tax transcript for income verification.

UPDATE 02/28:

Spoke to AMEX earlier today. They confirmed they received the completed 4506-t form. I just got a notification that AMEX did a HP on my Experian. Score is currently 740. Not sure what this means. Also looking at my Experian soft pulls it looks like AMEX has done 3 SP in the last 2 days. Once on 2/26 and twice on 2/28.

UPDATE 03/08:

Since people were asking for an update. I haven't heard back yet. The status for the other application for the Blue Cash Magnet card was also updated to canceled but I received the same letter in the mail to fill out the 4506-t form for income verification. I didn't fill it out since I had already submitted one for the BCE application. Last I spoke to AMEX a few days ago they said they received my completed 4506-t form and they were waiting on my tax transcripts from the IRS to make a decision. I'm hoping I get a decision this week.

Re: AMEX application after Amex charge-offs

AllZero — Sat, 08 Feb 2020 06:52:14 GMT

Good luck on your application!

Re: AMEX application after Amex charge-offs

Anonymous — Sat, 08 Feb 2020 07:47:19 GMT

Very interested in how this will play out as previous data points to non desired results. Good luck op, keep us posted.

Re: AMEX application after Amex charge-offs

Anonymous — Sat, 08 Feb 2020 07:53:19 GMT

@Anonymous wrote:
Very interested in how this will play out as previous data points to non desired results. Good luck op, keep us posted.

Yeah, I definitely did not even expect to get this far. Has any blacklisted customers make it past the 'brick wall' automatic decline?

I do have to say that my income has drastically increased so I'm not sure if that has anything to do with it. when I had the cards my income was about 35k now it is around 190k.

Re: AMEX application after Amex charge-offs

jbestman007 — Sat, 08 Feb 2020 11:05:44 GMT

@Anonymous wrote:
@Anonymous wrote:
Very interested in how this will play out as previous data points to non desired results. Good luck op, keep us posted.
Yeah, I definitely did not even expect to get this far. Has any blacklisted customers make it past the 'brick wall' automatic decline?

I do have to say that my income has drastically increased so I'm not sure if that has anything to do with it. when I had the cards my income was about 35k now it is around 190k.

I believe your progress is less about your income and more about the fact that you've paid AMEX what they deem you owed them.

Re: AMEX application after Amex charge-offs

Anonymous — Sat, 08 Feb 2020 13:46:52 GMT

Good luck on your application! Let us know how it goes.

Re: AMEX application after Amex charge-offs

Brian_Earl_Spilner — Sat, 08 Feb 2020 13:52:02 GMT

@Anonymous wrote:
@Anonymous wrote:
Very interested in how this will play out as previous data points to non desired results. Good luck op, keep us posted.
Yeah, I definitely did not even expect to get this far. Has any blacklisted customers make it past the 'brick wall' automatic decline?

I do have to say that my income has drastically increased so I'm not sure if that has anything to do with it. when I had the cards my income was about 35k now it is around 190k.

https://ficoforums.myfico.com/t5/Credit-Card-Applications/Amex-Blacklist-Data-Points/m-p/5282955

Re: AMEX application after Amex charge-offs

Anonymous — Sat, 08 Feb 2020 14:48:22 GMT

Good luck with your application!

Re: AMEX application after Amex charge-offs

Openwater — Sat, 08 Feb 2020 15:18:09 GMT

Good luck with the App, keep us posted. I believe that the fact that you paid off makes a diffrence in the consideration of your application. I would assume your income would play a bigger role in your SL. But I could be wrong. Cheers!

Re: AMEX application after Amex charge-offs

Anonymous — Sun, 09 Feb 2020 19:38:04 GMT

Updated Post 02/09:

Re: AMEX application after Amex charge-offs

Brian_Earl_Spilner — Sun, 09 Feb 2020 19:45:39 GMT

@Anonymous wrote:
Updated Post 02/09:

While still waiting to hear back from AMEX. I decided to do the pre-qualify application and got pre-qualified offers for Delta Skymiles Gold, Platinum, and Reserve. I think this definitely means I'm not blacklisted

It doesn't. It just means you have the minimum stats needed to be approved. When you actually app, they'll compare your info to their database. At that point, depending on what happens, you'll know if you're still blacklisted

Re: AMEX application after Amex charge-offs

Anonymous — Sun, 09 Feb 2020 19:48:57 GMT

@Brian_Earl_Spilner wrote:
@Anonymous wrote:
Updated Post 02/09:

While still waiting to hear back from AMEX. I decided to do the pre-qualify application and got pre-qualified offers for Delta Skymiles Gold, Platinum, and Reserve. I think this definitely means I'm not blacklisted
It doesn't. It just means you have the minimum stats needed to be approved. When you actually app, they'll compare your info to their database. At that point, depending on what happens, you'll know if you're still blacklisted

Ah okay, reading through the AMEX blacklisted data points thread I saw that if you were blacklisted you would not get any pre-qualified offers.

Re: AMEX application after Amex charge-offs

Brian_Earl_Spilner — Sun, 09 Feb 2020 21:19:49 GMT

@Anonymous wrote:
@Brian_Earl_Spilner wrote:
@Anonymous wrote:
Updated Post 02/09:

While still waiting to hear back from AMEX. I decided to do the pre-qualify application and got pre-qualified offers for Delta Skymiles Gold, Platinum, and Reserve. I think this definitely means I'm not blacklisted
It doesn't. It just means you have the minimum stats needed to be approved. When you actually app, they'll compare your info to their database. At that point, depending on what happens, you'll know if you're still blacklisted
Ah okay, reading through the AMEX blacklisted data points thread I saw that if you were blacklisted you would not get any pre-qualified offers.

No, even if you have a BK, the system can come back with prequals, which it shouldn't because you're excluded for at least 5 yrs and 1 mos if they weren't IIB.

Re: AMEX application after Amex charge-offs

seattletravels — Mon, 10 Feb 2020 00:09:25 GMT

Good luck OP!

Re: AMEX application after Amex charge-offs

RehabbingANDBlabbing — Mon, 10 Feb 2020 02:00:08 GMT

In my situation, my Blue Cash card had been enrolled in a hardship payment plan. I entered the plan in 2017 and paid off the full balance early in 01/2019. I called and asked them about it after I paid the card off and they said it would take 12 months plus an additional billing cycle after the cycle I paid off the account before I would be eligible to apply for a new AmEx product. So basically, you have to wait 13 months after you were on such a plan before they will approve you for any new AmEx products. This might apply to your situation if you were on such a plan, FYI.

My account never went late, and the hardship plan is the only derogatory thing in my internal record with them. I am hoping to apply next month. My EX score got up to 664 recently, which would be good enough to get an AmEx, but I do have some negative accounts on my Experian that may prevent an approval. I applied on 01/27 for the Blue Cash Preferred and was instantly denied with no HP. They sent a letter in the mail mentioning the payment plan during the last 12 months, so I just need to wait it out.

Re: AMEX application after Amex charge-offs

Anonymous — Mon, 10 Feb 2020 03:39:54 GMT

@RehabbingANDBlabbing wrote:
In my situation, my Blue Cash card had been enrolled in a hardship payment plan. I entered the plan in 2017 and paid off the full balance early in 01/2019. I called and asked them about it after I paid the card off and they said it would take 12 months plus an additional billing cycle after the cycle I paid off the account before I would be eligible to apply for a new AmEx product. So basically, you have to wait 13 months after you were on such a plan before they will approve you for any new AmEx products. This might apply to your situation if you were on such a plan, FYI.

My account never went late, and the hardship plan is the only derogatory thing in my internal record with them. I am hoping to apply next month. My EX score got up to 664 recently, which would be good enough to get an AmEx, but I do have some negative accounts on my Experian that may prevent an approval. I applied on 01/27 for the Blue Cash Preferred and was instantly denied with no HP. They sent a letter in the mail mentioning the payment plan during the last 12 months, so I just need to wait it out.

When I finished paying off my cards they told me to wait 35 days before applying but I thought that was just a boilerplate answer since I'd be blacklisted anyways.

Your situation with the instant denial and no HP is what I've always read for blacklisted customers and that is what I also expected when applying. I was surprised that the application went through and is even being considered.

Re: AMEX application after Amex charge-offs

Anonymous — Mon, 10 Feb 2020 03:52:06 GMT

@RehabbingANDBlabbing wrote:
In my situation, my Blue Cash card had been enrolled in a hardship payment plan. I entered the plan in 2017 and paid off the full balance early in 01/2019. I called and asked them about it after I paid the card off and they said it would take 12 months plus an additional billing cycle after the cycle I paid off the account before I would be eligible to apply for a new AmEx product. So basically, you have to wait 13 months after you were on such a plan before they will approve you for any new AmEx products. This might apply to your situation if you were on such a plan, FYI.

My account never went late, and the hardship plan is the only derogatory thing in my internal record with them. I am hoping to apply next month. My EX score got up to 664 recently, which would be good enough to get an AmEx, but I do have some negative accounts on my Experian that may prevent an approval. I applied on 01/27 for the Blue Cash Preferred and was instantly denied with no HP. They sent a letter in the mail mentioning the payment plan during the last 12 months, so I just need to wait it out.

When I finished paying off my cards they told me I could apply again after 35 days. I didn't think anything of it and figured it was just a boilerplate statement. Your situation with the instant denial and no HP is what I've read happens to blacklisted customer and that is what I expected when I was applying. I was surprised that the application went through and is even being considered. I don't know how AMEX decides who to blacklist or not because I definitely burned them for ~7k. I paid them about 9k over 4 months but 7k of that was me settling the 14k charged off balance for the SimplyCash Plus card.

Re: AMEX application after Amex charge-offs

coldfusion — Mon, 10 Feb 2020 13:24:42 GMT

@Anonymous wrote:
@RehabbingANDBlabbing wrote:
In my situation, my Blue Cash card had been enrolled in a hardship payment plan. I entered the plan in 2017 and paid off the full balance early in 01/2019. I called and asked them about it after I paid the card off and they said it would take 12 months plus an additional billing cycle after the cycle I paid off the account before I would be eligible to apply for a new AmEx product. So basically, you have to wait 13 months after you were on such a plan before they will approve you for any new AmEx products. This might apply to your situation if you were on such a plan, FYI.

My account never went late, and the hardship plan is the only derogatory thing in my internal record with them. I am hoping to apply next month. My EX score got up to 664 recently, which would be good enough to get an AmEx, but I do have some negative accounts on my Experian that may prevent an approval. I applied on 01/27 for the Blue Cash Preferred and was instantly denied with no HP. They sent a letter in the mail mentioning the payment plan during the last 12 months, so I just need to wait it out.
When I finished paying off my cards they told me I could apply again after 35 days. I didn't think anything of it and figured it was just a boilerplate statement. Your situation with the instant denial and no HP is what I've read happens to blacklisted customer and that is what I expected when I was applying. I was surprised that the application went through and is even being considered. I don't know how AMEX decides who to blacklist or not because I definitely burned them for ~7k. I paid them about 9k over 4 months but 7k of that was me settling the 14k charged off balance for the SimplyCash Plus card.

This is the first time I've heard of someone appearing to be off the blacklist while having paid the personal card in full but settling a business card.

Re: AMEX application after Amex charge-offs

Meanmchine — Tue, 11 Feb 2020 03:47:51 GMT

Congrats on not being BLed. Good luck on yourr apps

Re: AMEX application after Amex charge-offs

Anonymous — Tue, 11 Feb 2020 20:30:41 GMT

Updated post.