topic Re: 2nd AMEX card eyeballed but which will get approved in Credit Cards

2nd AMEX card eyeballed but which will get approved

slund5499 — Wed, 25 Nov 2015 02:20:51 GMT

Been eyeing a 2nd Amex card, but have been handed the boot for HIlton, Starwood, Blue, Plenti, blue cash, everyday and 2nd Delta since August.

Every decline has been due to FICo scoring. Now I have to admit that I had no business applying as my EX score dropped from 667 to 645 due to recent app spree.

My last app spree was May where I picked up Venture, Discover, Amazon, Banana republic, Shell and Keybank, plus several Commentiy SCT accounts.

My Ex score jumped back up to 672 and my utilization dropped to 23.5%. My November app spree still has $2,400 yet to report. The additional reportings will bring my utilization down to around 20%.

So I am lurking around the boards and trying to decide which card to go for before Jan 1st (hoping to get the backdating going into 2016).

I have had my delta card since Feb 2015 (currently carry a zero balance) and finally got Amex to report to Experian. Took 3 phone calls and a letter to get it to report.

Have not had the luxury of getting any CLI out of Amex yet. I try 2-3 times a month.

Should I try for another Delta account? My first Delta was $1K with a 673 Ex fico.

Any advise on the next recommended card.

Re: 2nd AMEX card eyeballed but which will get approved

EddieK — Wed, 25 Nov 2015 02:31:59 GMT

I'd do nothing, they are giving you signs left and right that you don't need anymore at this time.

Re: 2nd AMEX card eyeballed but which will get approved

slund5499 — Wed, 25 Nov 2015 02:38:35 GMT

I am sure you are right. All the declines have been due to fico scoring.

The next declines might include high balnce to credit limit assigned, utilization, internal scoring is too low, too many inquiries, too any new accounts.

Just processing opinions with postings about amex. I know each credit profile is different.

How can others get the hilton and starwood with 640 scores? Maybe a super thin file and amex sees an opportunity to extend the less risk thin file customers.

Re: Looking for 2nd Amex card but which one?

Anonymous — Wed, 25 Nov 2015 02:40:36 GMT

Good luck, buddy. Your question may do better over in the Credit Card forum. This board is more for people trying to understand how the different FICO models work.

Re: Looking for 2nd Amex card but which one?

unctarheel08 — Wed, 25 Nov 2015 02:55:10 GMT

just curious...why are you applying for so many new cards? are you planning to use all of them or have some other goal in mind?

Re: Looking for 2nd Amex card but which one?

vanillabean — Wed, 25 Nov 2015 02:56:30 GMT

Where is gdale when she is needed the most?

Re: Looking for 2nd Amex card but which one?

9CLINE — Wed, 25 Nov 2015 03:06:22 GMT

If you wanted another Amex and had been declined b4 due to fico why would you do another spree b4 apping? just curious..
I would wait to get that util. down also..maybe when those new ones report see how that helps the score...
the Cli's come from SP they get periodically so if they going by one say Nov.1st and you don't get cli,then you see haven't did one since then well that will be the same one they use when you ask this week for cli...I would suggest wait on lower util. to hit reports, new Sp get done then make request...
Since your first Delta was a 1k approval there is lots of info on forum about this & Amex cards period,sounds like it was getting in the door so just give it some time..
the Cli's come from SP they get periodically so if they going by one say Nov.1st and you don't get cli,then you see haven't did one since then well that will be the same one they use when you ask this week for cli...I would suggest wait on lower util. to hit reports, new Sp get done then make request...
What backdating are you referring to?
What are scores like now?

Best of luck on your credit Journey !!!!!!

Re: Looking for 2nd Amex card but which one?

Anonymous — Wed, 25 Nov 2015 03:06:41 GMT

I have a green AMX and Gold business card and the Green Card has boosted my score the most. Best of luck

Re: Looking for 2nd Amex card but which one?

vanillabean — Wed, 25 Nov 2015 03:19:49 GMT

@Anonymous wrote:
I have a green AMX and Gold business card and the Green Card has boosted my score the most. Best of luck

I should hope so, because business cards are not considered by your FICO, lol.

Re: 2nd AMEX card eyeballed but which will get approved

Anonymous — Wed, 25 Nov 2015 03:35:53 GMT

hold off.

Re: 2nd AMEX card eyeballed but which will get approved

Anonymous — Wed, 25 Nov 2015 23:44:58 GMT

Thought they didn't do backdating anymore?

Re: 2nd AMEX card eyeballed but which will get approved

Anonymous — Wed, 25 Nov 2015 23:46:25 GMT

@Anonymous wrote:
Thought they didn't do backdating anymore?

As far as to the credit bureaus, they don't.

Re: 2nd AMEX card eyeballed but which will get approved

klarso11 — Wed, 25 Nov 2015 23:57:49 GMT

I got my Delta AMEX in June. Asked for double cli and got it in September (should have asked for triple). In October looked at what AMEX suggested on website while logged in and applied for BCE...approved for double what my Delta card is. I love AMEX!

Re: 2nd AMEX card eyeballed but which will get approved

Anonymous — Thu, 26 Nov 2015 04:48:01 GMT

@slund5499 wrote:
Been eyeing a 2nd Amex card, but have been handed the boot for HIlton, Starwood, Blue, Plenti, blue cash, everyday and 2nd Delta since August.

Every decline has been due to FICo scoring. Now I have to admit that I had no business applying as my EX score dropped from 667 to 645 due to recent app spree.

My last app spree was May where I picked up Venture, Discover, Amazon, Banana republic, Shell and Keybank, plus several Commentiy SCT accounts.

My Ex score jumped back up to 672 and my utilization dropped to 23.5%. My November app spree still has $2,400 yet to report. The additional reportings will bring my utilization down to around 20%.

So I am lurking around the boards and trying to decide which card to go for before Jan 1st (hoping to get the backdating going into 2016).

I have had my delta card since Feb 2015 (currently carry a zero balance) and finally got Amex to report to Experian. Took 3 phone calls and a letter to get it to report.

Have not had the luxury of getting any CLI out of Amex yet. I try 2-3 times a month.

Should I try for another Delta account? My first Delta was $1K with a 673 Ex fico.

Any advise on the next recommended card.

maybe the PRG if you are lucky. Only reason I'd say do it before jan 1 would be the airline credit. I see no reason for anyone to have two delta amex cards. Best advice is to garden so you can get approved more easily. its not that hard to wait.

Re: 2nd AMEX card eyeballed but which will get approved

Imperfectfuture — Thu, 26 Nov 2015 15:20:25 GMT

@Anonymous wrote:
Thought they didn't do backdating anymore?

A. Wondered why thread on first page when last post 11/24.

B. OP is definitely working under false pretenses, they do not back date.

Re: 2nd AMEX card eyeballed but which will get approved

NRB525 — Thu, 26 Nov 2015 16:22:47 GMT

@slund5499 wrote:
Been eyeing a 2nd Amex card, but have been handed the boot for HIlton, Starwood, Blue, Plenti, blue cash, everyday and 2nd Delta since August. Seven (7) denials says stop apping AMEX, There is no second card for you yet.

Every decline has been due to FICo scoring. Now I have to admit that I had no business applying as my EX score dropped from 667 to 645 due to recent app spree. Correct observation.

My last app spree was May where I picked up Venture, Discover, Amazon, Banana republic, Shell and Keybank, plus several Commentiy SCT accounts. These need to age as well.

My Ex score jumped back up to 672 and my utilization dropped to 23.5%. My November app spree still has $2,400 yet to report. The additional reportings will bring my utilization down to around 20%.

So I am lurking around the boards and trying to decide which card to go for before Jan 1st (hoping to get the backdating going into 2016). There is no more AMEX backdating. The Member Since year on your card will be "15" but the date opened, as reported on your credit report, will be the day each card is actually opened in the year actually opened.

I have had my delta card since Feb 2015 (currently carry a zero balance) and finally got Amex to report to Experian. Took 3 phone calls and a letter to get it to report. Do you let a balance report on the statement then pay in full by the payment due date? Or statement shows zero every time? Do you use the card?

Have not had the luxury of getting any CLI out of Amex yet. I try 2-3 times a month. If you are declined a CLI, you have to, you MUST wait 91 days before trying again. Not just wait 91 hours

Should I try for another Delta account? My first Delta was $1K with a 673 Ex fico. No. One Delta with the $95 AF is plenty.

Any advise on the next recommended card. Best advice is to do nothing until July 2016 at the earliest. Let the AMEX age (presuming you are using it regularly which you should be), pay the Delta $95 AF, and let the last spree age a year.

Re: 2nd AMEX card eyeballed but which will get approved

takeshi74 — Thu, 26 Nov 2015 17:37:41 GMT

@slund5499 wrote:
Any advise on the next recommended card.

Select cards that suit your needs/wants. Don't just apply based on what you think you will get approved for. We're not AmEx underwritiers so we can't tell you what you qualify for and what you do not. You can look at the Credit Pulls Database but keep in mind that it's never just about score.

@slund5499 wrote:

Every decline has been due to FICo scoring. Now I have to admit that I had no business applying as my EX score dropped from 667 to 645 due to recent app spree.

My last app spree was May where I picked up Venture, Discover, Amazon, Banana republic, Shell and Keybank, plus several Commentiy SCT accounts.

Any profile will only support so much activity. That's a lot of new credit. IMO these are signs that you need to give it a rest and build with what you have.

What do you specifically need/want from a new card? From your OP it seems like you're just applying to get a new card. Don't put the cart before the horse.

@slund5499 wrote:
So I am lurking around the boards and trying to decide which card to go for before Jan 1st (hoping to get the backdating going into 2016).

Is this why? There's no backdating anymore.

@Anonymous wrote:
As far as to the credit bureaus, they don't.

That's the definition of backdating. If it isn't reported to the CRA's it isnt backdating.

Re: 2nd AMEX card eyeballed but which will get approved

taxi818 — Thu, 26 Nov 2015 21:46:42 GMT

@slund5499 wrote:
Been eyeing a 2nd Amex card, but have been handed the boot for HIlton, Starwood, Blue, Plenti, blue cash, everyday and 2nd Delta since August.

Every decline has been due to FICo scoring. Now I have to admit that I had no business applying as my EX score dropped from 667 to 645 due to recent app spree.

My last app spree was May where I picked up Venture, Discover, Amazon, Banana republic, Shell and Keybank, plus several Commentiy SCT accounts.

My Ex score jumped back up to 672 and my utilization dropped to 23.5%. My November app spree still has $2,400 yet to report. The additional reportings will bring my utilization down to around 20%.

So I am lurking around the boards and trying to decide which card to go for before Jan 1st (hoping to get the backdating going into 2016).

I have had my delta card since Feb 2015 (currently carry a zero balance) and finally got Amex to report to Experian. Took 3 phone calls and a letter to get it to report.

Have not had the luxury of getting any CLI out of Amex yet. I try 2-3 times a month.

Should I try for another Delta account? My first Delta was $1K with a 673 Ex fico.

Any advise on the next recommended card.

Well this is kinda futile to say the least. 1st. There is no more backdating period. Sure it will say member since on your card but has no affect on your credit report. It will still show up as a new card. if you really want a 2nd amex i would just wait until my scores were over 700 and give it a try.

Re: 2nd AMEX card eyeballed but which will get approved

Anonymous — Fri, 27 Nov 2015 01:47:50 GMT

I understand that, but I worded it that way for the benefit of people who confuse the Member Since date with backdating.