topic Re: Amex Blacklist. in Credit Cards

Amex Blacklist.

Rotciv — Sun, 29 Dec 2024 22:10:36 GMT

I had settled three of my Amex account for less couple of months ago. ($20k, 7k, 5k) ➡️ ( $11k, $4k, $3k) .And its all been settled last month ( settled for almost half) . Before when i tried to apply for amex card the denial reason was. "We're writing to let you know we cannot approve your application at this time because American Express cancelled your previous account(s)". But last night when i applied it says "

We are writing to let you know that, unfortunately, we cannot approve your application at this time.Reason(s) for Our Decision Your FICO? score (see below)

? And gave my my current fico score 590.

Does it mean i am not on their blacklist ? Since soft pulled my credit.
i am not worried about getting credit card till i fix my credit but was wondering if amex will let me back in.
i appreciate your feedbacks.

Re: Amex Blacklist.

GZG — Mon, 30 Dec 2024 00:27:08 GMT

@Rotciv wrote:
I had settled three of my Amex account for less couple of months ago. ($20k, 7k, 5k) ➡️ ( $11k, $4k, $3k) .And its all been settled last month ( settled for almost half) . Before when i tried to apply for amex card the denial reason was. "We're writing to let you know we cannot approve your application at this time because American Express cancelled your previous account(s)". But last night when i applied it says "
We are writing to let you know that, unfortunately, we cannot approve your application at this time.Reason(s) for Our Decision Your FICO? score (see below)
? And gave my my current fico score 590.

Does it mean i am not on their blacklist ? Since soft pulled my credit.
i am not worried about getting credit card till i fix my credit but was wondering if amex will let me back in.
i appreciate your feedbacks.

it's certainly a promising sign, not 100% conclsuive though

work on getting the rest of those balances paid down and getting your credit in a better spot

Re: Amex Blacklist.

Lurker22 — Tue, 31 Dec 2024 20:34:11 GMT

@GZG wrote:
@Rotciv wrote:
I had settled three of my Amex account for less couple of months ago. ($20k, 7k, 5k) ➡️ ( $11k, $4k, $3k) .And its all been settled last month ( settled for almost half) . Before when i tried to apply for amex card the denial reason was. "We're writing to let you know we cannot approve your application at this time because American Express cancelled your previous account(s)". But last night when i applied it says "
We are writing to let you know that, unfortunately, we cannot approve your application at this time.Reason(s) for Our Decision Your FICO? score (see below)
? And gave my my current fico score 590.

Does it mean i am not on their blacklist ? Since soft pulled my credit.
i am not worried about getting credit card till i fix my credit but was wondering if amex will let me back in.
i appreciate your feedbacks.
it's certainly a promising sign, not 100% conclsuive though

work on getting the rest of those balances paid down and getting your credit in a better spot

agreed I believe that means you're off the list but man, I don't know that you'll ever recoop that $17K payment to them (what I mean is will you ever earn back $17K in benefits from doing business with them again to offset what you gave them last month?)

Re: Amex Blacklist.

Rotciv — Tue, 31 Dec 2024 20:45:20 GMT

They sued me for all three accounts. Thats the reason i had to settle with them.

Re: Amex Blacklist.

AzCreditGuy — Wed, 01 Jan 2025 18:10:05 GMT

If they sued you? Why would you even try again? I have been blacklisted since 2009 and they came back in 2021 stating they would let me in, if I paid what was charged off lol....I told them to pound sand and now 9 cards later...I dont need them

Re: Amex Blacklist.

911gt34life — Thu, 02 Jan 2025 02:49:24 GMT

Too early to apply you have to wait

Re: Amex Blacklist.

visionsdivine — Thu, 02 Jan 2025 04:16:27 GMT

I like Amex, but it'll be a cold day in hell before I would pay $17k just to have their cards in my wallet again. Too many other decent banks out there.

Re: Amex Blacklist.

youngandcreditwrthy — Thu, 02 Jan 2025 15:43:13 GMT

@visionsdivine they know the risk of lending money just like we know the risk of borrowing it. Amex is so full of themselves. even after being told to cut out the grudge holding by the CFPB, they are still doing it. what a joke.

try the bread financial Amex. it's 2-3% back on most things. it's not backed by the official amex, just on the network.

Re: Amex Blacklist.

Spotsy — Thu, 02 Jan 2025 16:56:28 GMT

Yes, congrats!...sounds like you are off the Blacklist..just need to get a better score to be considered for one of their cards. Time will help a lot with that and you will be back in the club again. It great that you got this behind you now. Even if you didn't pay them back, they could still let you back in but without the settlement you worked out, there are reports that your phone might ring with AMEX calling about that past unsettled debt. Since you settled with them...that won't happen.

to be fair...it wasnt that you paid 17k to get one of their cards. AMEX offered a nice settlement on past debit that was owed and at the same time they are willing to try and do business with you again....if you decide to give them the business...it's your call.

There are MANY other options out there for CC spend, but it is amazing the value and draw that the AMEX brand carries. They are very good at what they do and wield some clout in the CC world.

Congrats again on getting this settled with them and off to the next adventure! As others have posted....there is much life outside of AMEX, know your options and choose what offers the best for your needs.

Re: Amex Blacklist.

dfwxjer — Thu, 09 Jan 2025 16:51:10 GMT

I think the more appropriate way to look at it is paying off debt the OP originally incurred. Not just paying $17k to get another Amex card.

Re: Amex Blacklist.

dfwxjer — Thu, 09 Jan 2025 16:53:33 GMT

Anyway, to the OP, why are you rushing to sign up for more cards? Your recent derog events, coupled with your credit score, indicate you have work to do before over extending yourself again.

Re: Amex Blacklist.

Anonymous — Tue, 14 Jan 2025 11:40:49 GMT

Perhaps the real answer to your decline is " you stripped us out of a lot of money and you have the arrogance to ask for a card"?

Re: Amex Blacklist.

klarso11 — Tue, 14 Jan 2025 16:59:06 GMT

My experience with AMEX:

3-4 years ago I made some bad business decisions and was deep in debt. I negotiated with AMEX on 3 accounts (they were great to work with) but after a couple months I couldn't make their minimum payment so just stopped. From there I made the mistake of using a debt consolidation company that I made one payment to each month and negotiated all remaining debt, except the AMEX accounts. After a couple years of payments, that company partnered with a bank to get me a loan for the remaining balances. They asked me about the AMEX accounts and I said go ahead and contact them. AMEX renegotiated the accounts again and at that time I settled all 3 accounts (previously closed). A month later AMEX emailed me with a pre-approved Blue Cash Preferred account! I assumed it was because I contacted them and not the other way around. Today I have 3 cards, checking, savings and a loan with them. They are my go to for everything financial.

Re: Amex Blacklist.

Anonymous — Sat, 18 Jan 2025 16:33:22 GMT

@klarso11 wrote:
My experience with AMEX:
3-4 years ago I made some bad business decisions and was deep in debt. I negotiated with AMEX on 3 accounts (they were great to work with) but after a couple months I couldn't make their minimum payment so just stopped. From there I made the mistake of using a debt consolidation company that I made one payment to each month and negotiated all remaining debt, except the AMEX accounts. After a couple years of payments, that company partnered with a bank to get me a loan for the remaining balances. They asked me about the AMEX accounts and I said go ahead and contact them. AMEX renegotiated the accounts again and at that time I settled all 3 accounts (previously closed). A month later AMEX emailed me with a pre-approved Blue Cash Preferred account! I assumed it was because I contacted them and not the other way around. Today I have 3 cards, checking, savings and a loan with them. They are my go to for everything financial.

You treated them right, so they did right by you. That's how it should be. Congrats.

Re: Amex Blacklist.

Chief2177 — Mon, 07 Jul 2025 20:07:01 GMT

Amex has a very good memory when it comes to account holders that have burned them in the past. I included them in a bankruptcy in 2005 (20 years ago). While you think that the bankruptcy would have disappeared from my credit report by now (it would have fallen off back in 2015), any potential creditor reviewing the credit report would not see that I charged off almost $3,000 on the Amex (and included them in a ch 7 bankruptcy), Amex doesn't remove that from their database. In fact, I applied for their cards quite a few times as soon as the bankruptcy dropped off my credit report. Everytime that happens, I get the generic letter from them advising me that due to an unsatisfactory relationship I had with them, I am not eligible for another account. Credit report was never pulled every time I apped. At least by them doing that, there is no ding to my credit for a hard pull. Anyone else that I burned back in 2005, I was given a 2nd chance. Chase let me back in after 7 years. Bank of America (known as MBNA at the time) let me back in after 5 years. Capital One was the day after my case was discharged (secured account, which became unsecured after a few years, as well as a generous credit line increase). Citi was 8 years. Discover, well, I burned them, but didn't want them again (although I am sure they would extend the offer to let me back in). But not American Express. Oh well. I do have a couple of 3rd party cards with the Amex backing (as in my Macy's Amex and one other through Citibank with Amex), but I am not with them directly.

Re: Amex Blacklist.

redpat — Mon, 07 Jul 2025 20:41:35 GMT

@Rotciv

Like or not you are blacklisted, hell would have to freeze over before you get an approval from Amex or others for a least a 7 year period for them to fall off your reports.

Re: Amex Blacklist.

sjt — Tue, 08 Jul 2025 20:19:20 GMT

@youngandcreditwrthy wrote:
@visionsdivine they know the risk of lending money just like we know the risk of borrowing it. Amex is so full of themselves. even after being told to cut out the grudge holding by the CFPB, they are still doing it. what a joke.

try the bread financial Amex. it's 2-3% back on most things. it's not backed by the official amex, just on the network.

Where did you hear that the CFPB to Amex to stop the "grudge holding"?
You owe them money, how is that "grudge holding"?

Re: Amex Blacklist.

dfwxjer — Wed, 09 Jul 2025 15:11:39 GMT

@sjt wrote:
@youngandcreditwrthy wrote:
@visionsdivine they know the risk of lending money just like we know the risk of borrowing it. Amex is so full of themselves. even after being told to cut out the grudge holding by the CFPB, they are still doing it. what a joke.

try the bread financial Amex. it's 2-3% back on most things. it's not backed by the official amex, just on the network.
Where did you hear that the CFPB to Amex to stop the "grudge holding"?
You owe them money, how is that "grudge holding"?

Correct, the CFPB hasn't weighed in on "grudge holding" against any card issuer. It's well within Amex's rights to hold internal records as long as they want to mitigate risk. There is regulation on how long they can affect one's credit report, but that has nothing to do with forcing them to issue credit to individuals that have burned them in the past.

Re: Amex Blacklist.

ReturnOfTheCredi — Wed, 16 Jul 2025 14:50:32 GMT

How did you get to the point of being sued? Were you experiencing a financial hardship? Were they unwilling to negotiate before taking legal action?