topic Re: Denied for AMEX SimplyCash in Business Credit

Denied for AMEX SimplyCash

mjban — Tue, 09 Jun 2015 15:37:46 GMT

So... Decided to apply for this card, mostly because of the cash back and sing up bonus. But received the message saying that my app needed further review, 5 minutes later I checked the online application status website and it showed declined (that was around 11pm). Today I called the new applications department and the CSR confirmed that the application was declined, I tried to recon but the lady said to wait until I recevied the letter.

I've been with Amex since 2012, started with Amex Gold then cancelled in 2013, BUT since 2013 I have the BCP with 20k limit. I'm not worry about a HP since I know the declined was supposed to be a SP, but a really wanted this card!!

Any suggestions? I'll probably call later or when the letter arrives. I'm not sure why the denial, but I recently applied for Citi Prestige (11k) and Chase Ink (18.5k), both approved, applied for the Chase Sapphire Preferred and was denied due to too many accounts in the past 2 years! (seems to be a new Chase policy).

Re: Denied for AMEX SimplyCash

Jerry45 — Tue, 09 Jun 2015 15:55:13 GMT

Wow. Very Strange. sorry to hear that. You already have a 20k BCP, and they still denied.Could it be the recent Citi and Ink accounts?

Re: Denied for AMEX SimplyCash

Anonymous — Tue, 09 Jun 2015 17:12:00 GMT

It's possible it's an exposure issue. How old is the $20K line on the BCP?

Re: Denied for AMEX SimplyCash

mjban — Tue, 09 Jun 2015 23:04:53 GMT

@Anonymous wrote:
It's possible it's an exposure issue. How old is the $20K line on the BCP?

I received this CLI about 2 months ago. Would this be the problem? I went from 7k to 20k.

Re: Denied for AMEX SimplyCash

Anonymous — Wed, 10 Jun 2015 01:28:56 GMT

@mjban wrote:
@Anonymous wrote:
It's possible it's an exposure issue. How old is the $20K line on the BCP?
I received this CLI about 2 months ago. Would this be the problem? I went from 7k to 20k.

It could be, but I'm just guessing. If I could actually figure out the processes these credit card companies use in their decision making I could probably become really rich.

Re: Denied for AMEX SimplyCash

Anonymous — Thu, 11 Jun 2015 01:11:17 GMT

sorry to hear that!

Re: Denied for AMEX SimplyCash

dbatl14 — Mon, 10 Aug 2015 14:22:00 GMT

I did the same thing. I actually got a personal Everday CC about 2+ month ago and a PRG charge about 3 weeks. I read that it is best to apply for cards more recent so they pull the same report instead of the new and since I wasn't applying for the same type of product I figured it would be okay.

I applied and I got the "Call Us Message" when I called New Accounts at first she said she needed to make sure I was the person and not someone else going on an app spree and that was it. After I guess she entered data, she came back and said unfortunately we aren't able to provide with an approval today and for me to wait for the confidential letter explaining why.

So I am assuming that I was declined because I received two cards in a short period of time? I read in other threads that you should be able to apply for different products. But then I also got a CLI on my Everyday not too long ago. So was I too greedy? I just wanted a good Business Card with those rewards since I use it away from my personal. I do have a Spark from Cap 1 but the CL is not that good and I received a small CLI from them not too long ago and won't be eligle another few monts.

When a New Account rep tells you that you are declined is that the same as the Recon line or should I just leave it alone and wait?

Re: Denied for AMEX SimplyCash

Ron1 — Tue, 11 Aug 2015 17:17:18 GMT

Sorry to hear!!! How's your business credit? Amex also pulled EQ biz report.

Ron.

Re: Denied for AMEX SimplyCash

dbatl14 — Tue, 11 Aug 2015 19:35:34 GMT

It's average. Doesn't have a super long history yet. I have the Spark Business. I wasn't sure if me having received 2 Amex card in 2 months and the most recent as 3 - 4 weeks flagged it. Since the Rep told me that I had to call in to verify that it is me and not someone else trying app a lot under fraud.

I guess I will have to see what the letter will say when I get it. I try again after 6 months or so.