topic Re: Bread Amex with adverse Amex Centurion Bank history in Credit Card Applications

Bread Amex with adverse Amex Centurion Bank history

Muscledad — Sat, 02 Sep 2023 21:57:48 GMT

Hello everyone,

I have a question about the Bread Cashback Amex. I had some adverse activity with Amex Centurion Bank almost 20 years ago and as many people on here know, Amex takes a long time to forget.

I have not been approved for any Amex Centurion Bank cards even when they send me pre-approvals in the mail. I do like that Amex does not do a hard pull if you are on the naughty list.

Anyway, I got a pre-approval for the Bread Cashback Amex and would like to apply. I remember reading on here that other banks like NFCU and USAA administer their own Amex Cards and therefore I could get approved for those based on my current credit history which is very good (Fico's 780+ on all bureaus).

Does anyone know if Bread also administers its own Amex Card or does Amex Centurion Bank handle that which would mean I will not be approved? I think maybe someone here will know.

I hope to get off the Amex Centurion Bank naughty list soon. I have read that after 20 years many people will fall off the list, but I think I also read 23 years somewhere although some people seem to get approved from Centurion Bank earlier. Thank you in advance for any information and Happy Labor Day.

Re: Bread Amex with adverse Amex Centurion Bank history

CreditCuriosity — Sat, 02 Sep 2023 22:08:45 GMT

Bread and Amex are not related at all and the Bread Amex just runs on AMEX payment network so you are good on that front as not one issues by Centurian Bank or whatever they are called now. Appply away if you want the Bread Amex card although with your scores in the 780's a lot of options are open for you that you might find more appealing unless you simply want an AMEX network card or like the reward structure of the Bread Amex.

As far as gettting on AMEX's naught list some people 10 years and some people never, just depends on how much you burned them for among other factors.

Re: Bread Amex with adverse Amex Centurion Bank history

FireMedic1 — Sat, 02 Sep 2023 22:07:26 GMT

I dont know about the Amex Centurion Bank cards. The Bread card is Comenity bank that AMEX services. Just Like NFCU, Credit One, and a few others. Welcome to the forums.

Re: Bread Amex with adverse Amex Centurion Bank history

Im-back — Sun, 03 Sep 2023 03:10:51 GMT

I burned AMEX in the mid '80's with a balance in the low four figures. Didn't get off their bad list till I paid them off in the early '00's.

Sent a check, a couple weeks later a card showed up in the mail unrequested. The credit file showed the new number but was backdated to the original opening date in the ear,y 80's.

I have read elsewhere about their Optima program.

I imagine now the risk calcualation is done by algorithms not people.

Re: Bread Amex with adverse Amex Centurion Bank history

Muscledad — Sun, 03 Sep 2023 16:01:24 GMT

Thanks everyone for the welcome and for the information. Although it is great to get an invite to apply I might wait. It looks like they pull Experian the most and I have the most current pulls from them. I might wait until next year or see if a SUB comes later down the road. Too many banks pull Experian lol.

I read elsewhere that someone had their bureaus locked and Bread approved them anyway but with a low SL and their highest APR! And yeah, that is the other thing about this card. I doubt I would get the highest APR but it is around 35%!

The lowest they said I might get is 20.74

I will probably keep checking with Amex Centurion Bank periodically also. It's not a HP and I figure why not. I don't check too often maybe twice per year.

Thanks again to all and Happy Labor Day!

Re: Bread Amex with adverse Amex Centurion Bank history

Zoostation1 — Sun, 03 Sep 2023 19:58:26 GMT

@Muscledad wrote:
Thanks everyone for the welcome and for the information. Although it is great to get an invite to apply I might wait. It looks like they pull Experian the most and I have the most current pulls from them. I might wait until next year or see if a SUB comes later down the road. Too many banks pull Experian lol.

I read elsewhere that someone had their bureaus locked and Bread approved them anyway but with a low SL and their highest APR! And yeah, that is the other thing about this card. I doubt I would get the highest APR but it is around 35%!

The lowest they said I might get is 20.74

I will probably keep checking with Amex Centurion Bank periodically also. It's not a HP and I figure why not. I don't check too often maybe twice per year.

Thanks again to all and Happy Labor Day!

Just as an FYI - in 2018 Amex merged it's two subsidiary banks (American Express Centurion Bank and American Express FSB) into what's now American Express National Bank.

Re: Bread Amex with adverse Amex Centurion Bank history

FireMedic1 — Sun, 03 Sep 2023 20:32:54 GMT

@Muscledad wrote:
Thanks everyone for the welcome and for the information. Although it is great to get an invite to apply I might wait. It looks like they pull Experian the most and I have the most current pulls from them. I might wait until next year or see if a SUB comes later down the road. Too many banks pull Experian lol.

I read elsewhere that someone had their bureaus locked and Bread approved them anyway but with a low SL and their highest APR! And yeah, that is the other thing about this card. I doubt I would get the highest APR but it is around 35%!

The lowest they said I might get is 20.74

I will probably keep checking with Amex Centurion Bank periodically also. It's not a HP and I figure why not. I don't check too often maybe twice per year.

Thanks again to all and Happy Labor Day!

Probably why they got what they did having frozen files. We cant talk about freezing and applying.

Re: Bread Amex with adverse Amex Centurion Bank history

markbeiser — Mon, 04 Sep 2023 01:43:52 GMT

@Muscledad wrote:
Thanks everyone for the welcome and for the information. Although it is great to get an invite to apply I might wait. It looks like they pull Experian the most and I have the most current pulls from them. I might wait until next year or see if a SUB comes later down the road. Too many banks pull Experian lol.

I read elsewhere that someone had their bureaus locked and Bread approved them anyway but with a low SL and their highest APR! And yeah, that is the other thing about this card. I doubt I would get the highest APR but it is around 35%!

The lowest they said I might get is 20.74

I will probably keep checking with Amex Centurion Bank periodically also. It's not a HP and I figure why not. I don't check too often maybe twice per year.

Thanks again to all and Happy Labor Day!

I got a mailer last week with a $200 SUB for $1k spend in 90 days for this card last week.
Kinda tempting for the SUB, and being an unlimited 2% card, so very worth looking at if you got the offer with a SUB.
I already have a 2% card, and am gardening with a specific roadmap of cards in mind, so am giving it a pass.