topic Amex Question in Credit Cards

Amex Question

masscredit — Mon, 21 Jan 2019 20:52:35 GMT

I'm doing some research before I apply for an AMEX card in the near future. I just tried their pre-qualification site. It said - we could not find Pre-Qualified Offers for you at this time. Current EX score is 749 with a 9 year old BK reporting. I might be able to get an early exclusion from EX in two months. I gained 42 points when TU did that.

AMEX was included in my BK. I've read a number of posts about them black listing people. It seems like I won't take an inquiry if I'm on that list? I'd be looking at either a Delta Skymiles card or their Everyday card. If I'm approved, I'd like to see a SL of at least $10K.

Re: Amex Question

CreditInspired — Mon, 21 Jan 2019 20:52:56 GMT

@masscredit
How much money was IIBR for AmX?

AmX has a long, very long memory.

Re: Amex Question

Jnbmom — Mon, 21 Jan 2019 20:57:02 GMT

Amex has a long memory and if you don't pre qualify it must suggest you are on their BL. I included amex in my BK they let me back in after 13 years but 1K starting limit.

You may eventually get back in with them but I highly doubt they will give you a 10SL.

Re: Amex Question

masscredit — Mon, 21 Jan 2019 21:02:07 GMT

I just pulled my BK box to see how much I owed them. Looks like it was about $28K.

Re: Amex Question

wasCB14 — Mon, 21 Jan 2019 21:07:26 GMT

@masscredit wrote:
I'm doing some research before I apply for an AMEX card in the near future. I just tried their pre-qualification site. It said - we could not find Pre-Qualified Offers for you at this time. Current EX score is 749 with a 9 year old BK reporting. I might be able to get an early exclusion from EX in two months. I gained 42 points when TU did that.

AMEX was included in my BK. I've read a number of posts about them black listing people. It seems like I won't take an inquiry if I'm on that list? I'd be looking at either a Delta Skymiles card or their Everyday card. If I'm approved, I'd like to see a SL of at least $10K.

Correct. They would consult their internal blacklist before pulling your credit. If you're on the blacklist, they won't pull your credit.

Of course, their practices can always change...

For $28k, you may need to continue to wait. 9 years sounds a bit short.

Also be aware that while you have no legal obligation to pay back the $28k, if they do let you back in some day they may "request" or "suggest" that you repay some or all of the $28k. If you decline to do so, it's very possible they may close a future account.

Re: Amex Question

AverageJoesCredit — Mon, 21 Jan 2019 21:44:51 GMT

If you included the 28k in bk, how can Amex legally ask you to pay it back?

Re: Amex Question

Anonymous — Mon, 21 Jan 2019 21:47:19 GMT

@AverageJoesCredit wrote:
If you included the 28k in bk, how can Amex legally ask you to pay it back?

Same way that utilities and cell providers can blacklist you. You don’t have to pay it but if you want a relationship with them, they can ask for it.

I can’t get postpaid with Sprint since they were IIB (not that I’d want to) and I burned all of the other carriers with charge offs so it’s all prepaid and MVNOs for me.

Re: Amex Question

wasCB14 — Mon, 21 Jan 2019 22:48:02 GMT

masscredit,

I think you have very little to lose by applying.

Maybe you're still blacklisted...at least you'll know, though.

Maybe you're not blacklisted but will waste a HP.

Maybe they approve you but shut you down for not repaying the old debt. Using your scores and CLs to get a ballpark idea of your income/spend, I'm assuming you think a renewed Amex relationship is not worth paying several thousand dollars. So maybe you get an inquiry and a short-lived account.

I expect you're still blacklisted, but go ahead and apply. Just keep your hopes for a "no strings attached" approval low.

Re: Amex Question

masscredit — Mon, 21 Jan 2019 23:14:24 GMT

I'm confident I'll be approved if I'm not blacklisted. I didn't go through all of the paperwork in my BK box. It's at least 8" thick. I believe there might have been two AMEX accounts IIB. I may give it a try by the end of the months. No BL should give me an approval with a HP. That will be worth it. If I am BL then I'll be denied without a HP. No chance of me paying any of that money back. It's behind me in a "past life". Some of it might try to haunt me once in awhile but I've moved on.

Re: Amex Question

AverageJoesCredit — Mon, 21 Jan 2019 23:50:02 GMT

Lol, @Anonymous , i understsnd the blacklist all too well, spent 10 years in Amex doghouse but i only burnt for about $1500, thats a penny compared to 28k . But no doubt i understand wanting to pay back a creditor. If it were me and i had to choose between paying back 28,000, especially if i had it, or getting an Amex, id choose the 28,000 lol. I love Amex for sure but with my low spend and income i could live without them. Say hello to new car if i had that 28k

Re: Amex Question

Anonymous — Mon, 21 Jan 2019 23:51:19 GMT

@AverageJoesCredit wrote:
Lol, @Anonymous , i understsnd the blacklist all too well, spent 10 years in Amex doghouse but i only burnt for about $1500, thats a penny compared to 28k . But no doubt i understand wanting to pay back a creditor. If it were me and i had to choose between paying back 28,000, especially if i had it, or getting an Amex, id choose the 28,000 lol. I love Amex for sure but with my low spend and income i could live without them. Say hello to new car if i had that 28k

Yeah I don’t care how awesome a card is, no way would I pay that back to get in with a $1K limit for some time lol.

Re: Amex Question

masscredit — Tue, 22 Jan 2019 00:01:20 GMT

There is a very small chance I'd pay back $500 to get a card but the incentive would have to be VERY good. I still don't think I'd do it. While looking through my paperwork, I found that Discover was IIB for about $10K. I was approved for one of their cards the beginning of this year. There was a couple of Cap 1s. They were the first to approve me when I started rebuilding. I believe Chase blacklists. I didn't look for that statement but I think the balance was close to $87K. They probably don't like me either.

Re: Amex Question

wasCB14 — Tue, 22 Jan 2019 00:05:28 GMT

@masscredit wrote:
There is a very small chance I'd pay back $500 to get a card but the incentive would have to be VERY good. I still don't think I'd do it. While looking through my paperwork, I found that Discover was IIB for about $10K. I was approved for one of their cards the beginning of this year. There was a couple of Cap 1s. They were the first to approve me when I started rebuilding. I believe Chase blacklists. I didn't look for that statement but I think the balance was close to $87K. They probably don't like me either.

If they ask, they'll probably ask for several thousand.

Maybe we'll get a few years of hyperinflation. You could approach them in 2030 and repay the $28k with a day's pay.

Re: Amex Question

s73guy — Tue, 22 Jan 2019 00:31:23 GMT

I got back in with Amex after 9 years, and Amex was IIB. However, I fell into it the round about way. I had the Citi Hilton and when Amex bought that book I was sure they would cancel my account. They didn't....they took the account. Then shortly after I applied for the Delta Amex and got approved. Everytime before that it was instant decline due to "prior account" with no HP.

Re: Amex Question

wasCB14 — Tue, 22 Jan 2019 02:27:39 GMT

@wasCB14 wrote:
@masscredit wrote:
There is a very small chance I'd pay back $500 to get a card but the incentive would have to be VERY good. I still don't think I'd do it. While looking through my paperwork, I found that Discover was IIB for about $10K. I was approved for one of their cards the beginning of this year. There was a couple of Cap 1s. They were the first to approve me when I started rebuilding. I believe Chase blacklists. I didn't look for that statement but I think the balance was close to $87K. They probably don't like me either.
If they ask, they'll probably ask for several thousand.

Maybe we'll get a few years of hyperinflation. You could approach them in 2030 and repay the $28k with a day's pay.

And I'm not sure whether or not Chase "blacklists" in the sense they won't do a HP on someone, but they definitely rely somewhat on internal records:

-Chase has rejected applications citing baddies with Chase more than 10 years old.

-In some cases, Chase has even cited old baddies applicants had with banks JPM subsequently acquired. If someone IIB'ed WaMu in 2006, Chase might cite that as a reason to reject a Chase app in 2019.

Re: Amex Question

ridgebackpilot — Tue, 22 Jan 2019 06:23:38 GMT

Wow! If I had burned AMEX for $28K and cost Chase $87K I don't think I could bring myself to ask anything of them, ever again! Those aren't just 30-day late "baddies".

Obviously, YMMV...

Re: Amex Question

masscredit — Tue, 22 Jan 2019 14:52:20 GMT

I had creditors IIB that had much higher amounts. One (not including my mortgages) was over $250K. I felt bad about it at the time. My BK attorney said something like "Don't worry about it. They're just numbers...". Most of my credit card accounts that were IIB were used for a busness that was taken out when the economy went downhill in 2008. I didn't want it to happen but there was nothing I could do.

Re: Amex Question

CivalV — Tue, 22 Jan 2019 15:19:57 GMT

That happened to me with Sprint. I wanted to open an account but had a collections from 2014. The rep told me I had to pay $150 towards the collection in order to reopen the account. I paid the $150 and all for nothing because they denied me the account anyway and my $150 is in limbo now. It was never applied to the $400 collection. I have to go to the Sprint store where I made the payment with copies of my statements which I have and hope that they refund me my money. I can then move forward with a PFD of that $400 collection showing on my EX 😫

Re: Amex Question

Anonymous — Tue, 22 Jan 2019 16:58:48 GMT

AMEX is known for business tactics, I personally enjoy doing business with them as well as Discover Card.

AMEX is considered the odd ball of the credit card companies. Many people do not have their cards because of the lack of acceptance. They have a phone number you can call even if they decline you. Maybe you can ask for another chance, or be placed on a lower credit line? The blacklist is the major killer. BUT you can shake the Charge Offs, and help remove you're name from the list.

Re: Amex Question

wasCB14 — Tue, 22 Jan 2019 17:20:13 GMT

@Anonymous wrote:
AMEX is known for business tactics, I personally enjoy doing business with them as well as Discover Card.

AMEX is considered the odd ball of the credit card companies. Many people do not have their cards because of the lack of acceptance. They have a phone number you can call even if they decline you. Maybe you can ask for another chance, or be placed on a lower credit line? The blacklist is the major killer. BUT you can shake the Charge Offs, and help remove you're name from the list.

What do you mean by "shake"....do you mean "repay" or "wait for them to fall off a credit report"?

The former is not worthwhile to OP and the latter won't affect Amex's internal records.

If Amex isn't even interested in looking at OP's credit report, why would the contents of the report matter?