topic Re: Zync Declined in Credit Cards

Zync Declined

LS2982 — Sun, 16 Oct 2011 16:00:07 GMT

No details, need to call tommorow.

Re: Zync Declined

toytoy — Sun, 16 Oct 2011 16:01:10 GMT

You didn't even get a counter offer?

Re: Zync Declined

guydiver — Sun, 16 Oct 2011 16:04:45 GMT

@LS2982 wrote:

No details, need to call tommorow.

Any baddies? How about utilization? Your scores are pretty low for AmEX from what I have seen. Would really like to know what they say. Please keep us informed, and good luck to you.

Re: Zync Declined

Anonymous — Sun, 16 Oct 2011 16:06:20 GMT

I'm sorry to hear that. What are your scores like? I'm not sure what counteroffer they could give you, but maybe you can call and recon tomorrow. I know my scores weren't great when they approved me two days ago, but they must have seen something to give me a chance. If you try recon hopefully it will work out. I'm keeping my fingers crossed for you.

Re: Zync Declined

LS2982 — Sun, 16 Oct 2011 16:08:41 GMT

@guydiver wrote:
@LS2982 wrote:

No details, need to call tommorow.
Any baddies? How about utilization? Your scores are pretty low for AmEX from what I have seen. Would really like to know what they say. Please keep us informed, and good luck to you.

Got false hope with others getting approved with scores in my range. It's OK, I get to see where im lacking at, and I get to resolve those and re-app in february when ill have longer history with my accounts. I'm almost postive it's my UTIL they didn't like (68%) but before all comes down on me I knew that going into the application just thought i would get a counter offer.

Re: Zync Declined

CreditCrusader — Sun, 16 Oct 2011 16:15:02 GMT

@LS2982 wrote:

No details, need to call tommorow.

How do I ask this tactfully...

Should you maybe gird up those FICO scores before jumping into the Amex Pool? I know you said above your util is a little high. I'm guessing that paying that down will accomplish the 660+ score task very nicely.

And I ask that as one who has FICO scores very much in line with yours. I can't imagine they'd approve me until I'm in the 660-720 range (though I know there are always exceptions). If I'm wrong, I'll be happy to admit I am wrong

Re: Zync Declined

LS2982 — Sun, 16 Oct 2011 16:14:58 GMT

@CreditCrusader wrote:
@LS2982 wrote:

No details, need to call tommorow.

How do I ask this tactfully...

Should you maybe gird up those FICO scores before jumping into the Amex Pool?

And I ask that as one who has FICO scores very much in line with yours. I can't imagine they'd approve me until I'm in the 680-720 range (though I know there are always exceptions). If I'm wrong, I'll be happy to admit I am wrong

Dude, you don't even have to tell me lol. I honestly thought they would give me the counter offer others have been getting.

Re: Zync Declined

CreditCrusader — Sun, 16 Oct 2011 16:15:44 GMT

@LS2982 wrote:
@CreditCrusader wrote:
@LS2982 wrote:

No details, need to call tommorow.

How do I ask this tactfully...

Should you maybe gird up those FICO scores before jumping into the Amex Pool?

And I ask that as one who has FICO scores very much in line with yours. I can't imagine they'd approve me until I'm in the 680-720 range (though I know there are always exceptions). If I'm wrong, I'll be happy to admit I am wrong
Dude, you don't even have to tell me lol. I honestly thought they would give me the counter offer others have been getting.

Which counter-offer..you mean the 500 autopay one?

Re: Zync Declined

LS2982 — Sun, 16 Oct 2011 16:16:56 GMT

@CreditCrusader wrote:
@LS2982 wrote:
@CreditCrusader wrote:
@LS2982 wrote:

No details, need to call tommorow.

How do I ask this tactfully...

Should you maybe gird up those FICO scores before jumping into the Amex Pool?

And I ask that as one who has FICO scores very much in line with yours. I can't imagine they'd approve me until I'm in the 680-720 range (though I know there are always exceptions). If I'm wrong, I'll be happy to admit I am wrong
Dude, you don't even have to tell me lol. I honestly thought they would give me the counter offer others have been getting.
Which counter-offer..you mean the 500 autopay one?

Yes. I would have been OK with that just to get my foot into the door.

Re: Zync Declined

CreditCrusader — Sun, 16 Oct 2011 16:23:00 GMT

@LS2982 wrote:
@CreditCrusader wrote:
@LS2982 wrote:
@CreditCrusader wrote:
@LS2982 wrote:

No details, need to call tommorow.

How do I ask this tactfully...

Should you maybe gird up those FICO scores before jumping into the Amex Pool?

And I ask that as one who has FICO scores very much in line with yours. I can't imagine they'd approve me until I'm in the 680-720 range (though I know there are always exceptions). If I'm wrong, I'll be happy to admit I am wrong
Dude, you don't even have to tell me lol. I honestly thought they would give me the counter offer others have been getting.
Which counter-offer..you mean the 500 autopay one?
Yes. I would have been OK with that just to get my foot into the door.

I have to say I'd enjoy that opportunity to get my foot in the door as well...can't blame you for trying at all.

Re: Zync Declined

Anonymous — Sun, 16 Oct 2011 16:33:07 GMT

I got approved for a Zync with my Equifax sill reporting 88% utility, so it can be done.

Re: Zync Declined

CreditCrusader — Sun, 16 Oct 2011 16:38:05 GMT

@Anonymous wrote:
I got approved for a Zync with my Equifax sill reporting 88% utility, so it can be done.

Does Amex pull EQ? I thought they pulled EX

Re: Zync Declined

GB44 — Sun, 16 Oct 2011 16:45:10 GMT

@CreditCrusader wrote:
@LS2982 wrote:

No details, need to call tommorow.

How do I ask this tactfully...

Should you maybe gird up those FICO scores before jumping into the Amex Pool? I know you said above your util is a little high. I'm guessing that paying that down will accomplish the 660+ score task very nicely.

And I ask that as one who has FICO scores very much in line with yours. I can't imagine they'd approve me until I'm in the 660-720 range (though I know there are always exceptions). If I'm wrong, I'll be happy to admit I am wrong

+1 ........Previous post indicated that you make good money but are unable to PIF each month. Zync is a charge card and has to be PIF each month. I just mention this as information because I don't want you to get into a situation were your current score could possibly be damaged.

Re: Zync Declined

Anonymous — Sun, 16 Oct 2011 17:30:38 GMT

AmEx pulled EX for me. However, I think that because my paid tax liens are not on that report, coupled with the fact that I recently paid down my cc to 20% utilization and coupled with the fact that I make a decent salary I'm sure that helped my cause. (And boy am I glad it did). But honestly, when I lowered my utilization my scores took a huge jump. I plan on getting down to 2% utilization this month since I went on the app spree and now have inquiries showing (On Friday, I apped for USAA, AmEx, Discover and then I apped for Barclays today---was denied for Barclays and USAA). I'm hoping AmEx backdates me which would be lovely and do wonders for my AAoA and I'm also praying that when Discover and AmEx finally are added to my reports, that my score will kick up a bit. My payment history for the past year has been spotless so I think that also helped my cause. I think they were willing to just take a chance on me. Don't let this deflate you, you now know what you need to focus on and I wouldn't worry. I'm officially not apping for anything else (I know I said this after the AmEx approval and stupidly went to app for Barclays...which gave me the much needed reality check to STOP apping). I'm keeping my fingers crossed for your future approvals! Good luck.

Re: Zync Declined

CS800 — Sun, 16 Oct 2011 18:42:26 GMT

LS:

I'm surprised you got declined. Even though your util is high there were some on here that got approved.

I would call them up and see what the deal is. Try to recon tomorrow.

Keep the fight

Re: Zync Declined

LS2982 — Sun, 16 Oct 2011 18:53:28 GMT

@CS800 wrote:
LS:

I'm surprised you got declined. Even though your util is high there were some on here that got approved.

I would call them up and see what the deal is. Try to recon tomorrow.

Keep the fight

Eh, i'm probably beating a dead horse but after checking the application status it says my application cannot be accessed, try again later. I dunno?!?!?

Re: Zync Declined

nuggets321 — Sun, 16 Oct 2011 18:57:10 GMT

+1 on the comment by CS800... you already took the inquiry try and call them with a recon request and maybe you can talk to a real credit analyst that will be willing to advise you on more of "what theyre looking for".. they wont be able to give you specifics but you can get a ballpark of where you are lacking and could put the work in to resolve...

Re: Zync Declined

LS2982 — Sun, 16 Oct 2011 19:00:03 GMT

I'm wondering if they tried to pull EQ or TU, I have security freezes on those reports. I lifted EX this morning. I can't access my application decline status, keeps saying try again later.

Re: Zync Declined

CS800 — Sun, 16 Oct 2011 19:14:47 GMT

AMEX pulls EX. At least on my end they pulled EX only.

Re: Zync Declined

toytoy — Sun, 16 Oct 2011 20:14:55 GMT

They pulled EX for me and TU. I apped for 2 products same day. The Zync and Starwood Amex I mistakenly believed it would be only one inquiry bc of what I read but it was indeed a seperate one for each card. I was approved for zync w/ TU and denied for Starwood w/ EX. I don't believe they pulled my equifax but let me know if you want me to check. I was denied for Starwood for:

Our scoring of your credit and other relevant information.

Serious delinquency, and public record or collection filed. (Utility company decided to start reporting to EX in 4/2011 and I was late 30 days and now have a collection from that)

Proportion of revolving balances to revolving credit limits is too high.

Time since delinquency is too recent or unknown.

Proportion of loan balances to loan amounts is too high.

So AMEX is finnicky and I would call and do a recon or at least speak to someone about denial.