topic Re: Amex Decline, but happy with Ex Fico Received! in Credit Cards

Amex Decline, but happy with Ex Fico Received!

Anonymous — Tue, 08 Jan 2013 17:21:46 GMT

I decided to join the masses and app for an Amex revolver after the first of the year. I have the NPSL Zync currently and wanted the backdating. Unfortunately, I got an auto decline on the Gold Delta Skymiles card. I'd had my Zync since March of 2012. My utilization was probably around 30% when they sp'd me (according to the letter on 12/15) and I've had a few inquirys since getting the Zync. I figured I'd just wait til march when my utilization is lower and try again.

I got the decline letter today and two of the reasons listed are My FICO score and length of time I have been a customer with Amex is too short (I've not seen that one too often with Amex.) Good news is, they report my Ex Fico as a 700!! That makes me super happy!! Hopefully it's gone up even more because my utilization is down to about 17% now.

Re: Amex Decline, but happy with Ex Fico Received!

Anonymous — Tue, 08 Jan 2013 17:38:38 GMT

@Anonymous wrote:
I decided to join the masses and app for an Amex revolver after the first of the year. I have the NPSL Zync currently and wanted the backdating. Unfortunately, I got an auto decline on the Gold Delta Skymiles card. I'd had my Zync since March of 2012. My utilization was probably around 30% when they sp'd me (according to the letter on 12/15) and I've had a few inquirys since getting the Zync. I figured I'd just wait til march when my utilization is lower and try again.

I got the decline letter today and two of the reasons listed are My FICO score and length of time I have been a customer with Amex is too short (I've not seen that one too often with Amex.) Good news is, they report my Ex Fico as a 700!! That makes me super happy!! Hopefully it's gone up even more because my utilization is down to about 17% now.

You were declined with a 700???? Geez!!

Re: Amex Decline, but happy with Ex Fico Received!

Repo-ed — Tue, 08 Jan 2013 17:43:32 GMT

try again in 6mo, and you'll be good.

Re: Amex Decline, but happy with Ex Fico Received!

pizzadude — Tue, 08 Jan 2013 17:44:01 GMT

Congrats on hitting the 700 club ! And it was a soft inquiry, so that's good news too AMEX approvals can be quirky ~ I have seen many denials from them with FICO scores over 700.

Keep trying with AMEX and I'm sure you'll get that Delta revolver card soon.....

Re: Amex Decline, but happy with Ex Fico Received!

Repo-ed — Tue, 08 Jan 2013 17:45:52 GMT

good point on the SP

Re: Amex Decline, but happy with Ex Fico Received!

ceemee2203 — Tue, 08 Jan 2013 17:49:43 GMT

I was declined as well, with 1% util, although my app was only a couple months after my 1st AMEX. My prob. was too many inqs in the past year 3, 2 lates from 5+ years ago, owing too much on loans (a little over 12k at that point but my CR said 20k--this has since been corrected, my loans were showing twice on my CR).

Just give it some time and I'm sure they'll say yes again. I was just approved for the 3x CLI after they denied it 3 or 4 times when I was only asking for 1k more. AMEX is weird but I'm sure I could get another card, just don't want to right now. I'm waiting until either Jan 2014 or July 2014.

Re: Amex Decline, but happy with Ex Fico Received!

Anonymous — Tue, 08 Jan 2013 17:50:30 GMT

No harm with a SP and GRATS for hiting the 700 club!!

Re: Amex Decline, but happy with Ex Fico Received!

Anonymous — Tue, 08 Jan 2013 18:04:31 GMT

Thanks everyone.....that's what I thought too....only a sp and I got the elusive Ex Fico!!

Re: Amex Decline, but happy with Ex Fico Received!

mikka1 — Tue, 08 Jan 2013 18:07:09 GMT

You should've tried to apply yesterday night - it seems that Amex underwriting engine has been tweaked in a way to allow as many new customers as possible :-)

Just kind of j/k :-)

Re: Amex Decline, but happy with Ex Fico Received!

Anonymous — Tue, 08 Jan 2013 18:16:16 GMT

I don't know if they were that trigger happy last night. After my instant approval for the BCP, I got denied for the PRG with an over 700 credit score and 8% utilization. I think I've had too many inquiries lately (7 in less than a month).

Re: Amex Decline, but happy with Ex Fico Received!

creditnocash — Tue, 08 Jan 2013 21:05:29 GMT

I was denied with a 721! At least it was soft pull and only ex.

I got triple pulled for my Zync.

Re: Amex Decline, but happy with Ex Fico Received!

Duncanrr — Tue, 08 Jan 2013 22:35:54 GMT

I wonder how much income trumps with them. I think my income/spend is what got me BCP and not my 724 score (with a ton of cap1 baddies)

Re: Amex Decline, but happy with Ex Fico Received!

Anonymous — Tue, 08 Jan 2013 22:47:39 GMT

@duncanrr....I think you are exactly right on that. My income is fair at 45k, but my spend on my Zync probably didn't have them all excited. Usually only put a couple hundred through per month....

Re: Amex Decline, but happy with Ex Fico Received!

creditnocash — Wed, 09 Jan 2013 00:38:47 GMT

my income is around give or take 28k plus bonuses etc... i usually charge 75% or more then let it sit before closing date, and pif.