topic Re: Last Question! Current AMEX holders and new cards - still a sp if declined? in Credit Cards

Last Question! Current AMEX holders and new cards - still a sp if declined?

Anonymous — Tue, 03 Nov 2015 15:45:05 GMT

I searched but I guess my keywords aren't that great because I only found one thread that said "99% a sp"

I have an AMEX BCE - I would be looking for an AMEX with BT offer, probably everyday, --- is it still a SP if it is declined?

Re: Last Question! Current AMEX holders and new cards - still a sp if declined?

Anonymous — Tue, 03 Nov 2015 15:58:02 GMT

I wouldn't recommend doing a balance transfers on any Am Ex card. M/C Visa or Discover only. Am Ex doesn't like people to spread out a balance over 12 months.

Re: Last Question! Current AMEX holders and new cards - still a sp if declined?

Anonymous — Tue, 03 Nov 2015 16:00:47 GMT

I think I've read that but my options are limited and it would not be a large amount.Perhaps $800.

I have too many acconts for chase and probably barclay, especially since I just chopped barclay rewards

Prequal not working for citi because I think I'm opted out after a freeze. (freeze and fraud alert removed)

I don't know who else and at least, I'm hoping, a denial would be a SP from them since I already have a BCE?

Re: Last Question! Current AMEX holders and new cards - still a sp if declined?

ojefferyo — Tue, 03 Nov 2015 19:39:08 GMT

@Anonymous wrote:
I think I've read that but my options are limited and it would not be a large amount.Perhaps $800.

I have too many acconts for chase and probably barclay, especially since I just chopped barclay rewards

Prequal not working for citi because I think I'm opted out after a freeze. (freeze and fraud alert removed)

I don't know who else and at least, I'm hoping, a denial would be a SP from them since I already have a BCE?

If you have a fraud alert then you'd be opted out of all not just CITI and you'd have to opt back in yourself which took me a good 4-5 months. 99% of the time if you are declined it's a SP and a HP on approval. There have been some HP on declines though.

Re: Last Question! Current AMEX holders and new cards - still a sp if declined?

Anonymous — Tue, 03 Nov 2015 21:05:42 GMT

If amex doesnt like BT's then why do they offer it? For show?

Re: Last Question! Current AMEX holders and new cards - still a sp if declined?

Anonymous — Tue, 03 Nov 2015 21:17:52 GMT

@Anonymous wrote:
I searched but I guess my keywords aren't that great because I only found one thread that said "99% a sp"

I have an AMEX BCE - I would be looking for an AMEX with BT offer, probably everyday, --- is it still a SP if it is declined?

When I got my BCE, I did a balance tranfer with them and paid it off after 3 months. (didn't know at the time it was supposed to be a bad thing). While, it hasn't so far led to any adverse action, I have to wonder if it has affected my ability to get CLIs with them. I've tried twice and been denied. Hope by January my EX score will be above 700, and maybe they will consider me for an increase. Since I have been rebuilding for about 15 months and didn't have a credit history except for auto loans, that might factor in their denial. Guess we will see. Good luck.

Re: Last Question! Current AMEX holders and new cards - still a sp if declined?

taxi818 — Tue, 03 Nov 2015 21:55:29 GMT

@Anonymous wrote:
I searched but I guess my keywords aren't that great because I only found one thread that said "99% a sp"

I have an AMEX BCE - I would be looking for an AMEX with BT offer, probably everyday, --- is it still a SP if it is declined?

Yes. if you are current member and denied. it would be SP. i have tested this time and time again. i already have 2 amex cards. But i wanted the simply cash. Denied. reason. time of being amex cardholder. 1 year. then i tried the ED. Same reason. Time of being Amex card holder.

I guess they only want me to have 2 cards. But they were both Sp denials. also at the same time they raised my Delta limit to 20k. So go figure.

Re: Last Question! Current AMEX holders and new cards - still a sp if declined?

taxi818 — Tue, 03 Nov 2015 21:58:45 GMT

@Anonymous wrote:
If amex doesnt like BT's then why do they offer it? For show?

Of course people just make general statements without any idea.

of course they would not be against a BT on a true BT card.

This is like others telling me before amex does not like you to carry a balance.

Which is total malarkey. They are a financial bank and ive never had a issue with Amex and carrying balances.

In fact i went from 3500-10500 -20k on my Delta and ive always had a balance. never a 0 balance. So always take statements like that with a grain of salt. I even BTed a balance from Amex to another card once. They had no issue what so ever. Never to their card as ive not had the option to do so plus their interest is high. Currently 15.24% on my Delta.

Re: Last Question! Current AMEX holders and new cards - still a sp if declined?

SunriseEarth — Tue, 03 Nov 2015 22:38:02 GMT

@Anonymous wrote:
@Anonymous wrote:
I searched but I guess my keywords aren't that great because I only found one thread that said "99% a sp"

I have an AMEX BCE - I would be looking for an AMEX with BT offer, probably everyday, --- is it still a SP if it is declined?

When I got my BCE, I did a balance tranfer with them and paid it off after 3 months. (didn't know at the time it was supposed to be a bad thing). While, it hasn't so far led to any adverse action, I have to wonder if it has affected my ability to get CLIs with them. I've tried twice and been denied. Hope by January my EX score will be above 700, and maybe they will consider me for an increase. Since I have been rebuilding for about 15 months and didn't have a credit history except for auto loans, that might factor in their denial. Guess we will see. Good luck.

Seems like you answered your own question. IMHO, your overall profile is contributing moreso than a BT. But I'm also not getting AMEX LUV, as I probably don't have sufficient income for them to extend much more credit to me.

Re: Last Question! Current AMEX holders and new cards - still a sp if declined?

Anonymous — Tue, 03 Nov 2015 23:51:33 GMT

@taxi818 wrote:
Yes. if you are current member and denied. it would be SP. i have tested this time and time again.

This does seem to be nearly always the case, but a few people who are members have posted HP denials here.

Also, as with backdating, this is something never "officially" stated by Amex, and so is subject to change at any time.

Re: Last Question! Current AMEX holders and new cards - still a sp if declined?

Imperfectfuture — Wed, 04 Nov 2015 00:38:39 GMT

@Anonymous wrote:
I wouldn't recommend doing a balance transfers on any Am Ex card. M/C Visa or Discover only. Am Ex doesn't like people to spread out a balance over 12 months.

This is not accurate. Though I paid down and added on. Even though 15 months, paid it off in 12' now 0.

Re: Last Question! Current AMEX holders and new cards - still a sp if declined?

Imperfectfuture — Wed, 04 Nov 2015 00:40:25 GMT

@Anonymous wrote:
@Anonymous wrote:
I searched but I guess my keywords aren't that great because I only found one thread that said "99% a sp"

I have an AMEX BCE - I would be looking for an AMEX with BT offer, probably everyday, --- is it still a SP if it is declined?

When I got my BCE, I did a balance tranfer with them and paid it off after 3 months. (didn't know at the time it was supposed to be a bad thing). While, it hasn't so far led to any adverse action, I have to wonder if it has affected my ability to get CLIs with them. I've tried twice and been denied. Hope by January my EX score will be above 700, and maybe they will consider me for an increase. Since I have been rebuilding for about 15 months and didn't have a credit history except for auto loans, that might factor in their denial. Guess we will see. Good luck.

They have been denying a lot recently, nothing personal. Just q tightening of the reins.

Re: Last Question! Current AMEX holders and new cards - still a sp if declined?

NRB525 — Wed, 04 Nov 2015 04:10:39 GMT

@Anonymous wrote:
If amex doesnt like BT's then why do they offer it? For show?

They do like BT and carrying balances. When they sent me my Holiday Rate of 6.9% last November, they kept sending me emails in a very short time frame after that reminding me I could carry a balance, so I've been doing so. And got three revolvers ($35k) and a $3k CLI (what I asked for) and PRG since then.

So they must really hate it when people carry a balance