topic Re: AmEx Blue Cash with 696 FICO and chargeoffs? in Credit Cards

AmEx Blue Cash with 696 FICO and chargeoffs?

Anonymous — Thu, 16 Feb 2012 01:27:07 GMT

I really like the cash-back aspects of this card but don't want to get a hard inquiry if applying leads to a ding. Any idea as to whether I would be approved? I have a 696 FICO, with two collections on file from around 2008, 2009. No prior relationship with AmEx.

Right now my plastic platoon is:

Discover $500 limit

HSBC $1,000 limit

Capital One $2,000 limit

My payment histories here are unblemished. I have $30,000 of student loan debt -- my only debt -- with a number of 30s, 60s, and 90s.

Any advice?

[edit: the collections are fully paid off]

Re: AmEx Blue Cash with 696 FICO and chargeoffs?

laboi_22 — Thu, 16 Feb 2012 00:52:44 GMT

I would personally not apply for the BCE. Of course AMEX treats everyone's credit reports differently but I was declined for this card with no baddies at the time a 709(per their letter on EQ) excellent history <30% UTL and good income. Their revolvers are more difficult to get as I applied for the Zync the same day (only had one HP for both cards) and was approved for that one. I figured I would use it (and I do ALOT) and after some heavy gardening and after a few Inquiries drop off, I'll apply for the BCE since that is the card I desire.

Good luck either way, but I would do the charge card variety first to get my foot in the door with AMEX. Still no guarantee that you will get approved for charge cards since AMEX is quirky however there have been many on this forum with a lower score and a few baddies get approved. YMMV

Re: AmEx Blue Cash with 696 FICO and chargeoffs?

Anonymous — Thu, 16 Feb 2012 00:53:01 GMT

Personally, I wouldn't apply for an Amex with two collections. Have you paid them off yet?

Re: AmEx Blue Cash with 696 FICO and chargeoffs?

pizzadude — Thu, 16 Feb 2012 01:33:40 GMT

I agree that you would have a better chance applying for a charge card, like ZYNC, to get your foot in the door, then you can work towards a revolver card.

Re: AmEx Blue Cash with 696 FICO and chargeoffs?

xboxrunner — Fri, 17 Feb 2012 02:00:55 GMT

I would hold off on applying for any of their revolvers. Maybe try Zync or another charge card. I had to really fight for my BCE and thats with perfect history and 9months of having a green card.

Re: AmEx Blue Cash with 696 FICO and chargeoffs?

boomhower — Fri, 17 Feb 2012 02:19:09 GMT

It's possible. If you are concerned that much about the inquiery I wouldn't though, the chances are certainly more on decline than approval. However I was approved with two unpaid collections, one of which was north of $2k. I had a solid FICO at 715 and didn't care about the inquiry, I wanted the card bad so it was worth a shot to me. If it's worth wasting an inquiry go for it, it worked for me but I would say your chances of decline are high. I would suggest trying for a zync and then BCE in 6 months or a year.

Re: AmEx Blue Cash with 696 FICO and chargeoffs?

Anonymous — Fri, 17 Feb 2012 02:20:44 GMT

@Anonymous wrote:
I really like the cash-back aspects of this card but don't want to get a hard inquiry if applying leads to a ding. Any idea as to whether I would be approved? I have a 696 FICO, with two collections on file from around 2008, 2009. No prior relationship with AmEx.

Right now my plastic platoon is:
Discover          $500 limit
HSBC               $1,000 limit
Capital One    $2,000 limit

My payment histories here are unblemished. I have $30,000 of student loan debt -- my only debt -- with a number of 30s, 60s, and 90s.

Any advice?

[edit: the collections are fully paid off]

Getting accepted or denied does not change the effect of a hard pull (unless you're already an AMEX member).

696 with CO = I don't think you will get approved.

Re: AmEx Blue Cash with 696 FICO and chargeoffs?

afbar1114 — Fri, 17 Feb 2012 02:24:06 GMT

@Anonymous wrote:
@Anonymous wrote:
I really like the cash-back aspects of this card but don't want to get a hard inquiry if applying leads to a ding. Any idea as to whether I would be approved? I have a 696 FICO, with two collections on file from around 2008, 2009. No prior relationship with AmEx.

Right now my plastic platoon is:
Discover          $500 limit
HSBC               $1,000 limit
Capital One    $2,000 limit

My payment histories here are unblemished. I have $30,000 of student loan debt -- my only debt -- with a number of 30s, 60s, and 90s.

Any advice?

[edit: the collections are fully paid off]

Getting accepted or denied does not change the effect of a hard pull (unless you're already an AMEX member).

696 with CO = I don't think you will get approved.

like every one says YMMV i got a zync with a eq of 680 a co and 3 accts that where late 4 years ago

Re: AmEx Blue Cash with 696 FICO and chargeoffs?

Anonymous — Mon, 20 Feb 2012 19:30:33 GMT

thanks, all, for the helpful info

I'm going to be an AU on my mom's AmEx Gold card. Then six months down the road apply simultaneously for Zync (which I don't care about in the slightest) and BCP (which I want). By then my FICO may be well above 700; I know that one C/O will fall off by then too.

Does AmEx ask for income? I actually have relatively good cash flow these days. I just hit a rough patch around 2008 that led to delinquencies and collections.

Re: AmEx Blue Cash with 696 FICO and chargeoffs?

pizzadude — Mon, 20 Feb 2012 19:35:08 GMT

@Anonymous wrote:
thanks, all, for the helpful info

I'm going to be an AU on my mom's AmEx Gold card. Then six months down the road apply simultaneously for Zync (which I don't care about in the slightest) and BCP (which I want). By then my FICO may be well above 700; I know that one C/O will fall off by then too.

Does AmEx ask for income? I actually have relatively good cash flow these days. I just hit a rough patch around 2008 that led to delinquencies and collections.

Yes, AMEX ( and all creditors ) will want to know your income when you are applying for a card.

Re: AmEx Blue Cash with 696 FICO and chargeoffs?

Jake0215 — Mon, 20 Feb 2012 19:39:00 GMT

@Anonymous wrote:
thanks, all, for the helpful info

I'm going to be an AU on my mom's AmEx Gold card. Then six months down the road apply simultaneously for Zync (which I don't care about in the slightest) and BCP (which I want). By then my FICO may be well above 700; I know that one C/O will fall off by then too.

Does AmEx ask for income? I actually have relatively good cash flow these days. I just hit a rough patch around 2008 that led to delinquencies and collections.

I think this is a better plan, however if you only want the BCP just wait until you are ready for that. The AU will get you some history, no reason to get a Zync if you dont want/need it or to build some history. BTW who is this ashbury person and why do you hate them?

Re: AmEx Blue Cash with 696 FICO and chargeoffs?

DrJim — Mon, 20 Feb 2012 20:41:21 GMT

I would go on their site and see if you are preapproved for anything. When I say that I was for their Gold Charge Card I got it, then after almost a year of use I applied for and received their Delta SkyMiles card, which was the one I really wanted. They had a year history on me, so I think that made the deal, although with only a $2K CL. 61 days later it was $6K and six months after that $18K.

Their charge cards are easier to get, and once they find out you're responsible they are more likely to approve you for a revolver. The have been great to me - very easy to grow with.

Re: AmEx Blue Cash with 696 FICO and chargeoffs?

Anonymous — Thu, 08 Mar 2012 03:16:06 GMT

okay, so my plan is to apply in September 2012 -- six months from now -- for Blue Cash Preferred. I'm guessing that my FICO may then be around 720. I have a couple of collections (dating to 2009, both paid) and some student loan delinquencies dating also to 2009.

Perhaps I'll get accepted. Perhaps I'll get dinged.

If dinged, would six months later be too soon to reapply?

I may be overthinking this, but the BCP is perfect for me. Were I to get it, I would be in garden mode for years if not a full decade.