topic Re: AMEX 3x CLI - DENIED! in Credit Cards

AMEX 3x CLI - DENIED!

Anonymous — Mon, 01 Apr 2013 09:31:35 GMT

Wow... thats a little bit surprising TBH.

Today is day 61 so I went ahead and started the process online. Immediately got the 7-10 day message and then an email hit my acct telling me to check online for the decision.

Jumped through a few hoops to read the letter online and got this: "Your American Express account(s) indicates previous delinquencies." Which is absolutely true from a previous acct from 2000. But if previous delinquencies are an issue why give me a card with a 2k limit to begin with?

Oh well, I'm happy to have the card.. just no CLI for me until October now

Re: AMEX 3x CLI - DENIED!

madmann26 — Mon, 01 Apr 2013 10:35:28 GMT

WOW!

13 years ago and they want to hold you hostage? I think I would call and recon that.

Re: AMEX 3x CLI - DENIED!

Anonymous — Mon, 01 Apr 2013 10:42:09 GMT

@madmann26 wrote:
WOW!

13 years ago and they want to hold you hostage? I think I would call and recon that.

Is it possible to recon with AMEX for a CLI?

Re: AMEX 3x CLI - DENIED!

madmann26 — Mon, 01 Apr 2013 11:01:07 GMT

I don't know honestly but it doesn't hurt to call and ask. Look for a backdoor number.

Re: AMEX 3x CLI - DENIED!

youngandcreditwrthy — Mon, 01 Apr 2013 13:24:39 GMT

I might need a backdoor num for the future too

Question: did you pay in full the previously delinquent account?

I've seen this reason for denial here before on the forum and a pif of the old delinquent account solved the problem afaik!

Re: AMEX 3x CLI - DENIED!

boomhower — Mon, 01 Apr 2013 14:05:19 GMT

@youngandcreditwrthy wrote:
I might need a backdoor num for the future too

Question: did you pay in full the previously delinquent account?

I've seen this reason for denial here before on the forum and a pif of the old delinquent account solved the problem afaik!

I'd be surprised if the OP hasn't. Amex is pretty hardcore on not issuing new credit until they get every last cent you burned them on first.

Re: AMEX 3x CLI - DENIED!

youngandcreditwrthy — Mon, 01 Apr 2013 14:08:02 GMT

Yeah, I can't remember who it was, but someone here had this happen to them...and once they paid in full the old balance, they got their coveted cli!

Re: AMEX 3x CLI - DENIED!

Anonymous — Mon, 01 Apr 2013 14:15:43 GMT

A little background on that account from 2000.

It was a secured Optima card which I defaulted on.

I have matured exponentially since then.

I probably told AMEX to shove their interest and fees since they had the deposit to fall back on.

I honestly do not remember and since it was 13 years ago it doesn't show up on any of my credit reports.

*shrugs* Doesnt really matter. I'm going to wait until the end of April for 4 INQ's to either fall off or age past 1 year and then open another acct anyway.

By that time I will hopefully get a nice longer term 0% promo anyway and the Amex can sit in the back of my wallet as an emergency go-to card.

Re: AMEX 3x CLI - DENIED!

Open123 — Mon, 01 Apr 2013 14:55:44 GMT

Usually, with a history of an internal bad debt, Amex will decline any requests for CLIs or new accounts.

However, there are cases where certain people have been forigiven for prior indiscretions. I'm not sure if this has anything to do with a new policy, the DOJ's lawsuits against them, or if some cardmembers simply fall through the cracks over time.

But, if you're one of those on the "blacklist," unless the debt is settled in full, they likely won't budge.

Re: AMEX 3x CLI - DENIED!

Anonymous — Mon, 01 Apr 2013 15:17:25 GMT

@Open123 wrote:
Usually, with a history of an internal bad debt, Amex will decline any requests for CLIs or new accounts.

However, there are cases where certain people have been forigiven for prior indiscretions. I'm not sure if this has anything to do with a new policy, the DOJ's lawsuits against them, or if some cardmembers simply fall through the cracks over time.

But, if you're one of those on the "blacklist," unless the debt is settled in full, they likely won't budge.

I'm fully on board with everything you said, I just find it odd that I got an instant approval for the card with a 2K limit to begin with only for them to say 2 months later that no CLI due to the previous acct.

*shrugs* whateva.. I got my 35k miles and $100 statement credit out of them plus 13 years of backdating... I'm satisfied if this is all I get TBH.

Re: AMEX 3x CLI - DENIED!

Open123 — Mon, 01 Apr 2013 15:19:48 GMT

@Anonymous wrote:
@Open123 wrote:
Usually, with a history of an internal bad debt, Amex will decline any requests for CLIs or new accounts.

However, there are cases where certain people have been forigiven for prior indiscretions. I'm not sure if this has anything to do with a new policy, the DOJ's lawsuits against them, or if some cardmembers simply fall through the cracks over time.

But, if you're one of those on the "blacklist," unless the debt is settled in full, they likely won't budge.
I'm fully on board with everything you said, I just find it odd that I got an instant approval for the card with a 2K limit to begin with only for them to say 2 months later that no CLI due to the previous acct.
*shrugs* whateva.. I got my 35k miles and $100 statement credit out of them plus 13 years of backdating... I'm satisfied if this is all I get TBH.

Good deal on both!

The 13 years alone has been worth it, regardless of what Amex does henceforth. There are a few cases where approvals slipped through the cracks, but upon further review, Amex either didn't noticed or decided to use the "prior bad debt" reasoning to refuse another card of CL.

Again, no idea how they decide or implement this. Seems to be quite random.

Re: AMEX 3x CLI - DENIED!

MustangSaluki — Mon, 01 Apr 2013 15:29:09 GMT

I agree Open123. Some nice pointers for us there. I think Amex intentionally allows a few who might have done the mistake early on in their credit career but have now good "collection scores", meaning they now have a solid history and might be able to repay the old debt in exchange for the chance to rebuild with them again and backdate. But then again it could just be accidental, just guessing

Re: AMEX 3x CLI - DENIED!

Open123 — Mon, 01 Apr 2013 15:34:32 GMT

@MustangSaluki wrote:
I agree Open123. Some nice pointers for us there. I think Amex intentionally allows a few who might have done the mistake early on in their credit career but have now good "collection scores", meaning they now have a solid history and might be able to repay the old debt in exchange for the chance to rebuild with them again and backdate. But then again it could just be accidental, just guessing

Good reasoning and very preceptive. While I have no reason to believe Amex would engage in such behavior, it would hardly suprise me either. LOL

Re: AMEX 3x CLI - DENIED!

Anonymous — Mon, 01 Apr 2013 15:41:07 GMT

Wow!! Sorry to hear that they denied your CLI. Amex has the memory of a herd of elephants though. Maybe try to recon and hope you can make headway.

Re: AMEX 3x CLI - DENIED!

codesingh — Mon, 01 Apr 2013 15:46:54 GMT

I recently paid off my old(2003) charged off debt with amex. The automated system reflects that too now(I still have all the card info, so I was able to call and access my account info...being able to hear about my account first time after 10 years was kinda creepy :-) )

So it has been a week of being debt free from amex, it has fallen off my CR as well(as of 2011). I have no BK or any other derogs.

What do you think? What would be my chances and when would that chance mature?

Re: AMEX 3x CLI - DENIED!

youngandcreditwrthy — Mon, 01 Apr 2013 16:35:50 GMT

Re: AMEX 3x CLI - DENIED!

youngandcreditwrthy — Mon, 01 Apr 2013 16:36:33 GMT

Apply Code!

Re: AMEX 3x CLI - DENIED!

codesingh — Mon, 01 Apr 2013 18:03:53 GMT

I am thinking if I wait a little longer and app after few months, I may get higher CL than right now.

I spoke with amex in Ft. Lauderdale and they said to give at least one more day so all of their systems are updated.

I still think, I should wait even longer. Do you think that's better? On the other hand I am thining my scores are looking good right now so why not app now(i mean within this week). But then why did I put myself in the garden then? Lol