topic Re: Amex APP in Credit Cards

Amex APP

kobe2012 — Wed, 02 Jan 2013 22:21:42 GMT

I have been seeing a lot of approvals since the start of the year for AMEX cards.... it makes me wonder if AMEX is more lenient at the first month of the year..... I do wanna apply for their revolver but I know it might be another denial.... has anyone gotten denied yet????

Re: Amex APP

Anonymous — Wed, 02 Jan 2013 22:36:55 GMT

A lot of people were waiting to maximize future backdating, so there is probably more volume than usual. And, in general, people are more likely to post about their successful app (or success after recon) than about failures. So I don't think you can read much into the recent flurry of approvals.

Re: Amex APP

webhopper — Wed, 02 Jan 2013 22:46:41 GMT

How long have you had your Zync Card? What is your monthly Zync spend? How often do you pay your Zync Card and do you pay way before its due? If your Zync history is long, solid, with good spending, Amex could be influenced to grant you a nice CL on a BCE or other revolver....

Re: Amex APP

Exonumist — Wed, 02 Jan 2013 22:46:50 GMT

January is just a big month for apps with AMEX. I'm sure there are just as many denials as well. What card were you thinking of?

Re: Amex APP

kobe2012 — Wed, 02 Jan 2013 22:53:19 GMT

I only opened my zync last september..... It has a hard limit of $500 so i really don't use it that much.. probably like $250 a month and pays it off before statement cuts.... I really want a BCE but I know that card is hard to get especially my credit score is so so.... I'm tempted to just try Delta gold and pc it to BCE ... I heard that if someone has a hard limit on zync, they can't apply for any amex products unless they close it..... I did try to apply for Blue last month since it's only a soft pull and the denials were because my history with amex was too new, deliquencies and history with other cards were too short......

Re: Amex APP

Paperboy999 — Wed, 02 Jan 2013 22:53:51 GMT

I got denied for starwood card, very upsetting. They used a soft pull from 12/15. They said my score was 654 but I have paid everything down to 0, I'm just waiting for the new balances to report. Some of them have and I'm at 696 on this site. Hopefully they'll do another soft on the 15th of this month and my until will be less than 10%

Re: Amex APP

webhopper — Wed, 02 Jan 2013 22:56:49 GMT

@kobe2012 wrote:
I only opened my zync last september..... It has a hard limit of $500 so i really don't use it that much.. probably like $250 a month and pays it off before statement cuts.... I really want a BCE but I know that card is hard to get especially my credit score is so so.... I'm tempted to just try Delta gold and pc it to BCE ... I heard that if someone has a hard limit on zync, they can't apply for any amex products unless they close it..... I did try to apply for Blue last month since it's only a soft pull and the denials were because my history with amex was too new, deliquencies and history with other cards were too short......

Since you've recently tried to app for a revolver and because you have the hard limit Zync... I recommend waiting until your history with Amex is longer... I think you should wait until June. If account age is not a concern to you, I would close Zync and app for a different charge product such as green or gold. If not, just keep Zync and use it to build history... then apply around April or May The good thing about getting your Zync is that you locked in a 2012 member date.

Re: Amex APP

creditnocash — Wed, 02 Jan 2013 22:59:38 GMT

i was denied. but it was only a soft pull.

apped for bce.

talked to a nice american little old lady. but you can tell she was scripted

ive had my zync since august.

but i have high util due too christmas shopping and such. about 6 inq all under a year. but over 6 months.

Re: Amex APP

kobe2012 — Wed, 02 Jan 2013 23:00:20 GMT

@webhopper wrote:
@kobe2012 wrote:
I only opened my zync last september..... It has a hard limit of $500 so i really don't use it that much.. probably like $250 a month and pays it off before statement cuts.... I really want a BCE but I know that card is hard to get especially my credit score is so so.... I'm tempted to just try Delta gold and pc it to BCE ... I heard that if someone has a hard limit on zync, they can't apply for any amex products unless they close it..... I did try to apply for Blue last month since it's only a soft pull and the denials were because my history with amex was too new, deliquencies and history with other cards were too short......
Since you've recently tried to app for a revolver and because you have the hard limit Zync... I recommend waiting until your history with Amex is longer... I think you should wait until June. If account age is not a concern to you, I would close Zync and app for a different charge product such as green or gold. If not, just keep Zync and use it to build history... then apply around April or May The good thing about getting your Zync is that you locked in a 2012 member date.

I would probably do that, by may or june all the new accounts would be a year old (almost of of them).... but I wonder if i can skip a charge card and just apply for a revolver....

Re: Amex APP

creditnocash — Wed, 02 Jan 2013 23:14:07 GMT

well if youd like an update kobe.

just got off the phone with new accounts

listed many reasons for denial but glad it was a soft pull.

ex score said was 721!!! woot. lol(surprised with my high balances LOL)

number of new accounts

too many inquries in the past 12 months( 6 for fico purpose)

credit balance vs limit too high (20%)

installment loan balance to loan amount too high(got my car in august so yeah!)

and ding ding ding

Not an established customer of amex (yes he actually said that)

got my zync august 30th so i guess

oh well off too the garden until september.

Re: Amex APP

Ron1 — Wed, 02 Jan 2013 23:14:10 GMT

I just applied Lowe's American Express Business card earlier today. I got approved. Now, it is pending.

Ron.

Re: Amex APP

rtw — Wed, 02 Jan 2013 23:16:22 GMT

I applied for the BCP yesterday but still have not received a decision.

Re: Amex APP

kobe2012 — Wed, 02 Jan 2013 23:17:14 GMT

@creditnocash wrote:
well if youd like an update kobe.

just got off the phone with new accounts
listed many reasons for denial but glad it was a soft pull.

ex score said was 721!!! woot. lol(surprised with my high balances LOL)

number of new accounts
too many inquries in the past 12 months( 6 for fico purpose)
credit balance vs limit too high (20%)
installment loan balance to loan amount too high(got my car in august so yeah!)
and ding ding ding
Not an established customer of amex (yes he actually said that)
got my zync august 30th so i guess
oh well off too the garden until september.

thx for the update.. i guess I will wait as long as I can for next app ..... do you have a Zync NPSL or PSL??? am surprised you got denied since you have a high score.... any baddies??

Re: Amex APP

creditnocash — Wed, 02 Jan 2013 23:24:07 GMT

@kobe2012 wrote:
@creditnocash wrote:
well if youd like an update kobe.

just got off the phone with new accounts
listed many reasons for denial but glad it was a soft pull.

ex score said was 721!!! woot. lol(surprised with my high balances LOL)

number of new accounts
too many inquries in the past 12 months( 6 for fico purpose)
credit balance vs limit too high (20%)
installment loan balance to loan amount too high(got my car in august so yeah!)
and ding ding ding
Not an established customer of amex (yes he actually said that)
got my zync august 30th so i guess
oh well off too the garden until september.
thx for the update.. i guess I will wait as long as I can for next app ..... do you have a Zync NPSL or PSL??? am surprised you got denied since you have a high score.... any baddies??

i have the psl 500 blah

it was the last card of my summer spree (so most if not all of my new cards got reported already.) and my car loan inq were already there ontop of my bank happy ones.

no baddies per se.

low aaoa. (9.5 months) 2 cards over 2 year mark though.

high inquries.

high util due to christmas shopping.

i honestly apped for this card for my score and would have been happy to add the backdating. that's all.

no bk or any lates or charge offs.

Re: Amex APP

Anonymous — Wed, 02 Jan 2013 23:33:11 GMT

@creditnocash wrote:
well if youd like an update kobe.

just got off the phone with new accounts
listed many reasons for denial but glad it was a soft pull.

ex score said was 721!!! woot. lol(surprised with my high balances LOL)

number of new accounts
too many inquries in the past 12 months( 6 for fico purpose)
credit balance vs limit too high (20%)
installment loan balance to loan amount too high(got my car in august so yeah!)
and ding ding ding
Not an established customer of amex (yes he actually said that)
got my zync august 30th so i guess
oh well off too the garden until september.

Interesting, so at least for you here, 20% utilization is enough to be called out as too high. Was this just on the Zync, or your overall credit cards?

Re: Amex APP

creditnocash — Wed, 02 Jan 2013 23:38:45 GMT

@Anonymous wrote:
@creditnocash wrote:
well if youd like an update kobe.

just got off the phone with new accounts
listed many reasons for denial but glad it was a soft pull.

ex score said was 721!!! woot. lol(surprised with my high balances LOL)

number of new accounts
too many inquries in the past 12 months( 6 for fico purpose)
credit balance vs limit too high (20%)
installment loan balance to loan amount too high(got my car in august so yeah!)
and ding ding ding
Not an established customer of amex (yes he actually said that)
got my zync august 30th so i guess
oh well off too the garden until september.
Interesting, so at least for you here, 20% utilization is enough to be called out as too high. Was this just on the Zync, or your overall credit cards?

overall

pif my zync before the 28th(the time my statement closes) has always reported zero. usually use this card until i hit 490 and pif. sometimes 2 times in one month. when apping though there was a 30 dollar charge already showing for my xm in my car.

right now i have 5 cards reporting out of 10

4200/21000 according to ck.

will be cut in half by end of month and back too 2% by end of feb.

Re: Amex APP

kobe2012 — Wed, 02 Jan 2013 23:51:04 GMT

My utility is kinda high too cause of christmas shopping, its currently @25-30% so ill probably wait on the app until i get to ~10% again ..