topic Re: Can you apply for AMEX too much? in Credit Card Applications

Can you apply for AMEX too much?

907grown — Tue, 03 Mar 2015 21:05:57 GMT

I got the green because I want the blue..... Since its a SP if denied it is not HP risky, definitely willing to take the HP hit for BCP. I applied too soon after applying for green, I applied again, no dice, does AMEX Blacklist you for apping too much?

Re: Can you apply for AMEX too much?

Anonymous — Tue, 03 Mar 2015 21:22:58 GMT

@907grown wrote:
I got the green because I want the blue..... Since its a SP if denied it is not HP risky, definitely willing to take the HP hit for BCP. I applied too soon after applying for green, I applied again, no dice, does AMEX Blacklist you for apping too much?

No, they won't blacklist you. Best course of action is to show use on your green card and apply for the Blue in 3-6 months.

Re: Can you apply for AMEX too much?

woodyman100 — Wed, 04 Mar 2015 03:23:04 GMT

I apply for my monthly revolver denial once every 30 days. It's a soft pull,so what the heck.

my 35 experian inquiries might be doing me in.

Re: Can you apply for AMEX too much?

Anonymous — Fri, 13 Mar 2015 20:35:10 GMT

I've read that AMEX does SP on denial, but I have 2 inquiries on my EX direct report associated with app'ing in 2014 and again this month - both were denied. Is there a reliable way or place to see SP vs. HP on my reports? I'm also a myFICO subscriber, and I don't see SP designation indicated. Am I missing something?

Re: Can you apply for AMEX too much?

Anonymous — Fri, 13 Mar 2015 20:57:56 GMT

@Anonymous wrote:
I've read that AMEX does SP on denial, but I have 2 inquiries on my EX direct report associated with app'ing in 2014 and again this month - both were denied. Is there a reliable way or place to see SP vs. HP on my reports? I'm also a myFICO subscriber, and I don't see SP designation indicated. Am I missing something?

In order to see SPs you can pull your reports from annualcreditreport.com or purchase a report from Equifax or TransUnion. Experian doesn't show SPs on their purchased reports.

Re: Can you apply for AMEX too much?

Anonymous — Fri, 13 Mar 2015 21:00:24 GMT

Thanks. But that's bad news then, because it means I have 2 HP's from AMEX which were both denials, because I can see them on Experian's report.

Re: Can you apply for AMEX too much?

Tonya-E — Fri, 13 Mar 2015 21:03:07 GMT

@Anonymous wrote:
Thanks. But that's bad news then, because it means I have 2 HP's from AMEX which were both denials, because I can see them on Experian's report.

Boulder do you currently have an Amex card? If not, that may be why you are getting the HP's....

Re: Can you apply for AMEX too much?

Anonymous — Fri, 13 Mar 2015 21:06:52 GMT

Ahh. I didn't realize that was the case! No, I am trying to get my first AMEX. I only have an AMEX company-issued card, which doesn't do me any good. And a couple of CAP1 and a Citi Rewards that won't budge! I guess I will have to get my scores up a bit more and then re-apply. The reason for the decline from AMEX was FICO score too low - it was 655 when I app'ed.

Thanks again!

Re: Can you apply for AMEX too much?

Anonymous — Fri, 13 Mar 2015 21:06:56 GMT

@Anonymous wrote:
Thanks. But that's bad news then, because it means I have 2 HP's from AMEX which were both denials, because I can see them on Experian's report.

That's sucks. They usually are SPs but there have been more and more reports of them doing HPs even for denials.

Re: Can you apply for AMEX too much?

Anonymous — Fri, 13 Mar 2015 21:08:29 GMT

@Anonymous wrote:
Ahh. I didn't realize that was the case! No, I am trying to get my first AMEX. I only have an AMEX company-issued card, which doesn't do me any good. And a couple of CAP1 and a Citi Rewards that won't budge! I guess I will have to get my scores up a bit more and then re-apply. The reason for the decline from AMEX was FICO score too low - it was 655 when I app'ed.

Thanks again!

Oh, my bad as well. I assumed you had one already. You're not that far off in your score. Get it above 670 or so and you should be good

Re: Can you apply for AMEX too much?

Tonya-E — Fri, 13 Mar 2015 21:16:24 GMT

@Anonymous wrote:
Ahh. I didn't realize that was the case! No, I am trying to get my first AMEX. I only have an AMEX company-issued card, which doesn't do me any good. And a couple of CAP1 and a Citi Rewards that won't budge! I guess I will have to get my scores up a bit more and then re-apply. The reason for the decline from AMEX was FICO score too low - it was 655 when I app'ed.

Thanks again!

No problem:-) Once you get in there, you can app for additional cards and only take a SP on a denial. On the score, I think I have seen approvals in the 670-700 range. If you get the score up a tad, I don't think you will have a problem.

Re: Can you apply for AMEX too much?

Anonymous — Fri, 13 Mar 2015 22:21:19 GMT

Awesome, thanks! I am waiting for a PIF to post taking me to 1% utilization, EX says on their stimulator that will bump me to a 670, then I have a baddie rolling off in another 60 days...patience is key! At least I only have 3 HPs in the last 12 months across all 3 CRAs, so no major harm on the AMEX pulls.

Re: Can you apply for AMEX too much?

Anonymous — Fri, 13 Mar 2015 23:57:14 GMT

I just did my first Amex app yesterday, they did a SP then HP. So both and I was denied.

Re: Can you apply for AMEX too much?

Anonymous — Sat, 14 Mar 2015 00:00:41 GMT

@Anonymous wrote:
I just did my first Amex app yesterday, they did a SP then HP. So both and I was denied.

Sorry to hear that! How does your CR look like! & what are your scores?

Re: Can you apply for AMEX too much?

Anonymous — Sat, 14 Mar 2015 00:45:23 GMT

660 EX. Knew it was a long shot. High inq and a late TL.

Re: Can you apply for AMEX too much?

Anonymous — Sat, 14 Mar 2015 03:40:13 GMT

Did you go for the delta gold?

Re: Can you apply for AMEX too much?

NRB525 — Sat, 14 Mar 2015 04:16:25 GMT

@Anonymous wrote:
Awesome, thanks! I am waiting for a PIF to post taking me to 1% utilization, EX says on their stimulator that will bump me to a 670, then I have a baddie rolling off in another 60 days...patience is key! At least I only have 3 HPs in the last 12 months across all 3 CRAs, so no major harm on the AMEX pulls.

Which AMEX were you applying for?

Re: Can you apply for AMEX too much?

Anonymous — Sat, 14 Mar 2015 13:29:02 GMT

I was app'ing for the Everyday card.

Re: Can you apply for AMEX too much?

NRB525 — Sat, 14 Mar 2015 14:21:22 GMT

@Anonymous wrote:
I was app'ing for the Everyday card.

Ok, that could be one of the "higher underwriting requirements" cards at AMEX, perhaps because there is no AF.

The Delta SkyMiles Gold AMEX seems to have lower underwriting requirements, several folks with surprisingly low 600's have been approved for low limits recently, but because it has an AF after a year, you many not be interested in that one. (others cancel the card after the first year, but if your scores are going to be good enough, you are probably best served just getting the ED like you planned)

What oher cards do you have open? What month/year were they opened? It would seem you are right on the cusp of being able to get the ED.

Re: Can you apply for AMEX too much?

Anonymous — Sat, 14 Mar 2015 14:38:29 GMT

I'm in rebuilding mode after languishing for a long time. Currently, I have a Cap1 Platinum with 1KCL due for CLI next month, a Cap1 QS with a measly 500CL, a Citi Thankyou Preferred with 500CL that they refuse to CLI and a store card (Peerless Tyres) with a 1200CL. Have a couple of baddies, one of which will roll off in a few months and a 60 lates. Went from 55% Util across all cards and the 2 Cap1's at 80%+ last month to everything PIF now. The Cap1 and Citi cards date to 2008, the Peerless to 2011.

I feel like if I take a more active roll in increasing my available credit, gardening a bit and landing a premium card I should see some decent results this year.