topic Re: AMEX BC - When to re-apply? in Credit Cards

AMEX BC - When to re-apply?

saggy1 — Thu, 02 Aug 2012 05:13:32 GMT

I got an instant deny for one of these a couple days ago, still have not found out why. Honestly I am glad because I would much rahter have the BCP after doing a bit more reserch. I currently have a Zync and Gold card. I really want the BCP because of the benefits and because it is a credit card. My question is how long should I wait before I apply for the bcp? I do not want to jump the gun too soon even though it is only a sp if I get declined, but do not want to wait 6 months to a year if you guys think I have a good chance at getting it earlier than that.

THX

Re: AMEX BC - When to re-apply?

trumpet-205 — Thu, 02 Aug 2012 05:18:05 GMT

@saggy1 wrote:
I got an instant deny for one of these a couple days ago, still have not found out why. Honestly I am glad because I would much rahter have the BCP after doing a bit more reserch. I currently have a Zync and Gold card. I really want the BCP because of the benefits and because it is a credit card. My question is how long should I wait before I apply for the bcp? I do not want to jump the gun too soon even though it is only a sp if I get declined, but do not want to wait 6 months to a year if you guys think I have a good chance at getting it earlier than that.

THX

Wait for the reason. Since you are an AMEX customer I'm guessing the denial reason is high internal risk score. In that case you really DO want to wait for at least a year.

Re: AMEX BC - When to re-apply?

Anonymous — Thu, 02 Aug 2012 06:54:41 GMT

How long have you had Zync and Gold? What does FICO and credit profile look like? How much have you been putting rhrough charge cards? You're PIFing right and not using that pay over time feature?

Re: AMEX BC - When to re-apply?

Repo-ed — Thu, 02 Aug 2012 14:04:50 GMT

Amex will make you wait at least 30 days before app'ing again.

As stated above, you really need to wait for the denail letter, so you know what you need to correct.

Re: AMEX BC - When to re-apply?

pizzadude — Thu, 02 Aug 2012 15:11:38 GMT

@Repo-ed wrote:
Amex will make you wait at least 30 days before app'ing again.

As stated above, you really need to wait for the denial letter, so you know what you need to correct.

+1. You can try again in a month.

In terms of re~applying, since it's a soft pull you can try again soon IMO, you really have nothing to lose. Obviously you'll need to address the denial reason(s) listed though.

Re: AMEX BC - When to re-apply?

iMacDrew — Thu, 02 Aug 2012 15:39:45 GMT

Google Amex application status. Enter your info. There's a link next to where it tells you denied with the reasons fthe being denied. It's not as in depth as the letter. Or you can just call and ask the csr the reasons for the denial. The soonest you can re app is the 31st day after denial.

Re: AMEX BC - When to re-apply?

heirophant — Thu, 02 Aug 2012 17:14:11 GMT

@saggy1 wrote:
I got an instant deny for one of these a couple days ago, still have not found out why. Honestly I am glad because I would much rahter have the BCP after doing a bit more reserch. I currently have a Zync and Gold card. I really want the BCP because of the benefits and because it is a credit card. My question is how long should I wait before I apply for the bcp? I do not want to jump the gun too soon even though it is only a sp if I get declined, but do not want to wait 6 months to a year if you guys think I have a good chance at getting it earlier than that.

THX

I have seen a few posts refernce the fact that somebody has 2 charge cards. I have been wondering what the logic is to having them both. Is there some advantage I am missing? Are you spending a bunch on a particular pack and earning full MR points for it or something?

Re: AMEX BC - When to re-apply?

trumpet-205 — Thu, 02 Aug 2012 17:32:52 GMT

@heirophant wrote:

I have seen a few posts refernce the fact that somebody has 2 charge cards. I have been wondering what the logic is to having them both. Is there some advantage I am missing? Are you spending a bunch on a particular pack and earning full MR points for it or something?

ZYNC earns MRE points, but when you pair ZYNC with other charge card it earns MR points as well.

Re: AMEX BC - When to re-apply?

saggy1 — Thu, 02 Aug 2012 19:10:22 GMT

I tried going to the site and checking like a previous poster said. That part of the site is down at the moment so I will chack later. One thing I noticed is when is listed the cards I applied for it listed the GPR, which I did not apply for. I just got the regular gold card. Thought that was weird. I got the card in the mail and it is in fact the regulr one.

Anyways I will check later on the reason for denial.

Even if it is only a sp, is it bringing too much attention to my accounts if I apply again in only 31 days?

Re: AMEX BC - When to re-apply?

CreditMuppet — Thu, 02 Aug 2012 19:17:02 GMT

@saggy1 wrote:
I tried going to the site and checking like a previous poster said. That part of the site is down at the moment so I will chack later. One thing I noticed is when is listed the cards I applied for it listed the GPR, which I did not apply for. I just got the regular gold card. Thought that was weird. I got the card in the mail and it is in fact the regulr one.

Anyways I will check later on the reason for denial.

Even if it is only a sp, is it bringing too much attention to my accounts if I apply again in only 31 days?

Make sure you know the different between the Gold Preferred Card (regular gold) and the Gold Premier Rewards card. Don't worry that has confused many

Re: AMEX BC - When to re-apply?

swpopham — Thu, 02 Aug 2012 20:18:50 GMT

I apply every 30 days lol! Its a soft pull till they approve me for the bcp lol!

Re: AMEX BC - When to re-apply?

AF_23 — Thu, 02 Aug 2012 20:30:01 GMT

@swpopham wrote:
I apply every 30 days lol! Its a soft pull till they approve me for the bcp lol!

I have wondered if this was acceptable practice. I want to do something similar just cause, but i have a feeling they wont like it and or F/R will be forthcoming if approved.

Re: AMEX BC - When to re-apply?

saggy1 — Fri, 03 Aug 2012 04:01:37 GMT

I got the letter

Their reasons were:

-Average of your payment in relation to your balance on amex cards

-Assessment of monthly payments in relation to outstanding debt on credit card accounts

as indicated by experian

-Length of time being an amex customer too short.

I have had my amex card(s) for only one month, obviously paid in full on first statement. My uti on my visa is currently 9-10%

I am guessing the main reason is length of customer. Would appling in one month be wise? Or should I wait 3 or something to let more billing cycles close.

They have my FICO at 768

Re: AMEX BC - When to re-apply?

trumpet-205 — Fri, 03 Aug 2012 05:00:31 GMT

@saggy1 wrote:
I got the letter

Their reasons were:

-Average of your payment in relation to your balance on amex cards
-Assessment of monthly payments in relation to outstanding debt on credit card accounts
as indicated by experian
-Length of time being an amex customer too short.

I have had my amex card(s) for only one month, obviously paid in full on first statement. My uti on my visa is currently 9-10%

I am guessing the main reason is length of customer. Would appling in one month be wise? Or should I wait 3 or something to let more billing cycles close.

They have my FICO at 768

Well, I used to own Zync before. I apped BCE at sixth month and was denied due to high internal risk score, with factors being low FICO score (720) and too short of AMEX relationship.

Then I tried it again before my second AF on Zync, denied with the same reason as well (this time FICO is 736). Afterward I just cancelled Zync.

If one year wasn't enough for me, it will be longer for you.

Re: AMEX BC - When to re-apply?

Anonymous — Fri, 03 Aug 2012 05:41:58 GMT

@trumpet-205 wrote:
@saggy1 wrote:
I got the letter

Their reasons were:

-Average of your payment in relation to your balance on amex cards
-Assessment of monthly payments in relation to outstanding debt on credit card accounts
as indicated by experian
-Length of time being an amex customer too short.

I have had my amex card(s) for only one month, obviously paid in full on first statement. My uti on my visa is currently 9-10%

I am guessing the main reason is length of customer. Would appling in one month be wise? Or should I wait 3 or something to let more billing cycles close.

They have my FICO at 768
Well, I used to own Zync before. I apped BCE at sixth month and was denied due to high internal risk score, with factors being low FICO score (720) and too short of AMEX relationship.

Then I tried it again before my second AF on Zync, denied with the same reason as well (this time FICO is 736). Afterward I just cancelled Zync.

If one year wasn't enough for me, it will be longer for you.

I have a slightly lower TU score than you, somewhat thin file as I am only 22 but perfect payment history and a nice credit mix.

I had the ZYNC for 13 months, ran alot through it and obv PIF. I received two good offers for PRG first and then BCE. I was approved for both over the phone within a week or so of each other. I know my history with them put me over the edge for both.

Re: AMEX BC - When to re-apply?

trumpet-205 — Fri, 03 Aug 2012 06:02:20 GMT

@Anonymous wrote:
@trumpet-205 wrote:
@saggy1 wrote:
I got the letter

Their reasons were:

-Average of your payment in relation to your balance on amex cards
-Assessment of monthly payments in relation to outstanding debt on credit card accounts
as indicated by experian
-Length of time being an amex customer too short.

I have had my amex card(s) for only one month, obviously paid in full on first statement. My uti on my visa is currently 9-10%

I am guessing the main reason is length of customer. Would appling in one month be wise? Or should I wait 3 or something to let more billing cycles close.

They have my FICO at 768
Well, I used to own Zync before. I apped BCE at sixth month and was denied due to high internal risk score, with factors being low FICO score (720) and too short of AMEX relationship.

Then I tried it again before my second AF on Zync, denied with the same reason as well (this time FICO is 736). Afterward I just cancelled Zync.

If one year wasn't enough for me, it will be longer for you.

I have a slightly lower TU score than you, somewhat thin file as I am only 22 but perfect payment history and a nice credit mix.

I had the ZYNC for 13 months, ran alot through it and obv PIF. I received two good offers for PRG first and then BCE. I was approved for both over the phone within a week or so of each other. I know my history with them put me over the edge for both.

Funny, AMEX must hate me, because my credit history is very similar to yours. And I did run a lot through my Zync card.