topic Re: Amex BCE in Credit Cards

Amex BCE

Skye12329 — Sat, 14 Sep 2013 04:29:01 GMT

I was wondering if anyone could give me a rough estimate on weather or not i would be approved yes i know it all depends but what do you all think and what should i improve?

1. Util is less than 15%
2. Payments 100%
3. AAOA 1YR 4mos last account opened in may 2013
4. Total accounts is ten half is cards the other half student loans
5. 10 inquiries half of those are car shopping 1 is from a bank
6. Income is 49k
7. Rent, but i dont pay anything.
Been at my job for a year.
8. No derogatory marks

Am i missing anything?

Re: Amex BCE

myjourney — Sat, 14 Sep 2013 04:31:12 GMT

@Skye12329 wrote:
I was wondering if anyone could give me a rough estimate on weather or not i would be approved yes i know it all depends but what do you all think and what should i improve?

1. Util is less than 15%
2. Payments 100%
3. AAOA 1YR 4mos last account opened in may 2013
4. Total accounts is ten half is cards the other half student loans
5. 10 inquiries half of those are car shopping 1 is from a bank
6. Income is 49k
7. Rent, but i dont pay anything.
Been at my job for a year.
8. No derogatory marks

Am i missing anything?

How many of those INQ's are from this year

Re: Amex BCE

Anonymous — Sat, 14 Sep 2013 04:31:15 GMT

Yes. Key is your experian fico. As for inquiries, 10 on experian? Need existing cards and limits.

Re: Amex BCE

Skye12329 — Sat, 14 Sep 2013 04:33:57 GMT

Probably about 5 or 6 are this year because i was car shopping this year and opened a new bank account this year.

Re: Amex BCE

myjourney — Sat, 14 Sep 2013 04:36:14 GMT

@Skye12329 wrote:
Probably about 5 or 6 are this year because i was car shopping this year and opened a new bank account this year.

You could probably explain that if needed on recon but Amex can be hard to recon w/o another HP....

Experian score 680?

Re: Amex BCE

TheClub — Sat, 14 Sep 2013 04:38:12 GMT

What are you current cards and limits? This may be a factor in us helping to determine your eligibility.

Re: Amex BCE

Skye12329 — Sat, 14 Sep 2013 04:38:50 GMT

Im not sure my score might be around low 700 to mid also if i check my fico is it hard or soft

Re: Amex BCE

myjourney — Sat, 14 Sep 2013 04:39:56 GMT

@Skye12329 wrote:
Im not sure my score might be around low 700 to mid also if i check my fico is it hard or soft

Checking does not affect your scores or reports

Re: Amex BCE

TheClub — Sat, 14 Sep 2013 04:41:29 GMT

Whenever you check your own credit report it's considered a soft pull.

Re: Amex BCE

Skye12329 — Sat, 14 Sep 2013 04:43:05 GMT

Even for fico? Because i haven't gotten my free one yet

Re: Amex BCE

TheClub — Sat, 14 Sep 2013 04:44:56 GMT

@Skye12329 wrote:
Even for fico? Because i haven't gotten my free one yet

Yes, even for FICO.

Re: Amex BCE

myjourney — Sat, 14 Sep 2013 04:47:16 GMT

The only time scores will drop is when a lender pulls because you submitted an app....you can pull scores and reports everyday if you wish

As for your yearly report that's free you don't get that here...

Here is a link for that

https://www.annualcreditreport.com/cra/index.jsp

Re: Amex BCE

Anonymous — Sat, 14 Sep 2013 05:44:01 GMT

No fico score with free report however

Re: Amex BCE

youngandcreditwrthy — Sat, 14 Sep 2013 13:43:40 GMT

I'm glad we're here to help you... Good job everyone.

You can do the free 10 day trial...
I think you have a decent chance, but we need to know what you current cards, limits, and balances are.
Also, if your SL debt is over 40-50k, that might be bad.

Re: Amex BCE

_jb_ — Sat, 14 Sep 2013 13:55:30 GMT

I think you are good to go, but encourage you to app for the BCP instead for the better signup bonus/cashback, and if you can't justify the annual fee in a year, downgrade to the BCE.

Re: Amex BCE

parakleet — Sat, 14 Sep 2013 14:17:11 GMT

@youngandcreditwrthy wrote:
I'm glad we're here to help you... Good job everyone.

You can do the free 10 day trial...
I think you have a decent chance, but we need to know what you current cards, limits, and balances are.
Also, if your SL debt is over 40-50k, that might be bad.

This is not necessarily true. It truly depends on your entire credit profile. I have way more in SLs than this and I've never had an issue with being denied any credit bc of my SL. Honestly, my aaoa might be higher than the OP but otherwise, I think OPs chances are pretty decent.

Re: Amex BCE

SteveUrkel — Sat, 14 Sep 2013 14:23:31 GMT

i say your good to go when i applied i have over 50% util , but yet again i got a small limit.

Re: Amex BCE

youngandcreditwrthy — Sat, 14 Sep 2013 15:01:22 GMT

I said *might be*
As Ive accrued $43k of Sl debt myself, the "loan amount to balances too high"
Has become a primary reason for cli denials or partial clis. Lol

Re: Amex BCE

Skye12329 — Wed, 18 Sep 2013 14:51:04 GMT

@youngandcreditwrthy wrote:
I said *might be*
As Ive accrued $43k of Sl debt myself, the "loan amount to balances too high"
Has become a primary reason for cli denials or partial clis. Lol

Well i dont have as much SL, i have currently only 15k and as for my limits they go by

$200 - Target....

$500 - Bank CC - thinking about asking for a CLI since i have had this card for 3 yrs.

$1000 - Sears MC

$4000 - Best Buy

$3000 - Cap1

Re: Amex BCE

youngandcreditwrthy — Wed, 18 Sep 2013 17:01:40 GMT

Ohhh!
Score! You're fine.
Amex might even start you out with your highest limit yet!
Go for it! Go GOOOOO!