topic Re: AMEX "In Process" Status? Good or Bad? in Credit Cards

AMEX "In Process" Status? Good or Bad?

shane82388 — Wed, 18 Sep 2013 17:38:34 GMT

Is a AMEX in process status a good or bad thing? I've never experienced this before. Its always been either an instant denial or approval...

Any feeling either way on this? ETA? Tips?

Re: AMEX "In Process" Status? Good or Bad?

WillF360 — Wed, 18 Sep 2013 17:39:50 GMT

That's what mine showed too. I called the number right below that box, and then they came back on after verifying some information and approved me. Expedited the card, I should have it tomorrow! Good luck!

Re: AMEX "In Process" Status? Good or Bad?

Pat94108 — Wed, 18 Sep 2013 17:41:15 GMT

You should call them to accelerate the proccess. I recently applied for an AMEX and just like you got the In Progress notification, which surprised me as well. Upon calling them, the rep asked me the last 4 digits of my SSN and my DOB and I was approved right there and then. The In Progress notification often means that they need to verifiy certain pieces of information so I'd say it' snot a bad thing. Someone else can chime in though.

Re: AMEX "In Process" Status? Good or Bad?

shane82388 — Wed, 18 Sep 2013 17:44:36 GMT

@WillF360 wrote:
That's what mine showed too. I called the number right below that box, and then they came back on after verifying some information and approved me. Expedited the card, I should have it tomorrow! Good luck!

What kind of info did they ask? I want to be prepared. :-)

Re: AMEX "In Process" Status? Good or Bad?

WillF360 — Wed, 18 Sep 2013 17:53:12 GMT

They asked me for my last 4 of social, date of birth, and prior address. We just closed on our first house, and I had an updated address on the application. I have a fraud statement on my reports due to an older fraudulent account, so they said it was necessary to verify that it was me, and my new address.

She came back on and welcomed me to the AMEX family. Very quick, painless. Good luck!

Re: AMEX "In Process" Status? Good or Bad?

TheConductor — Wed, 18 Sep 2013 18:23:59 GMT

@Pat94108 wrote:
You should call them to accelerate the proccess. I recently applied for an AMEX and just like you got the In Progress notification, which surprised me as well. Upon calling them, the rep asked me the last 4 digits of my SSN and my DOB and I was approved right there and then. The In Progress notification often means that they need to verifiy certain pieces of information so I'd say it' snot a bad thing. Someone else can chime in though.

Agree 100%. I called immediately after my Zync app got In Progress, and it turned out all they needed was to verify my address and employer. Took all of 5 minutes to get to "Congratulations! You are approved"

Re: AMEX "In Process" Status? Good or Bad?

shane82388 — Wed, 18 Sep 2013 18:55:56 GMT

So just calling the number below the pending status bar is the best number to call?

Re: AMEX "In Process" Status? Good or Bad?

WillF360 — Wed, 18 Sep 2013 18:58:32 GMT

Yep, that's what number I called. They may ask for your reference number as well. if not, they can look you up by social.

Re: AMEX "In Process" Status? Good or Bad?

Anonymous — Wed, 18 Sep 2013 19:00:37 GMT

Good luck!

By the way..., did you go through card match? And, any reason you didn't wait until Jan?

Re: AMEX "In Process" Status? Good or Bad?

shane82388 — Wed, 18 Sep 2013 19:04:32 GMT

@Anonymous wrote:
Good luck!

By the way..., did you go through card match? And, any reason you didn't wait until Jan?

It owuldnt really matter by waiting until january since i already have a Green AMEX from 2011? wouldnt that be my oldest member date and this new card would be backdated to then?

Also, i dont really understand the reasoning for waiting until january...? I figured it out before, but have forgot lol. Seems counter intuitive to wait longer to get more history....

Re: AMEX "In Process" Status? Good or Bad?

shane82388 — Wed, 18 Sep 2013 19:06:39 GMT

@Anonymous wrote:
Good luck!

By the way..., did you go through card match? And, any reason you didn't wait until Jan?

And yes i tried to go through card match but it kept giving me an error saying i was identified as a previous AMEX card holder and wasnt eligable for the bigger sign up bonus, etc...

I dont really care though, i just honestly want the card and $150 is still a good amount of free money if im approved. I'll end up making it back in rewards, etc pretty fast anyway with the amount of gas and groceries i buy, haha.

Re: AMEX "In Process" Status? Good or Bad?

shane82388 — Wed, 18 Sep 2013 19:07:57 GMT

I called and was put on hold. The guy came back and said its still being worked on and would probably need another 24-48 hours.

Maybe ill check back later this evening...?

Re: AMEX "In Process" Status? Good or Bad?

Anonymous — Wed, 18 Sep 2013 19:10:20 GMT

@shane82388 wrote:
@Anonymous wrote:
Good luck!

By the way..., did you go through card match? And, any reason you didn't wait until Jan?
It owuldnt really matter by waiting until january since i already have a Green AMEX from 2011? wouldnt that be my oldest member date and this new card would be backdated to then?

Also, i dont really understand the reasoning for waiting until january...? I figured it out before, but have forgot lol. Seems counter intuitive to wait longer to get more history....

It will report to the CRAs with the month the account was opened and the year of your very first account with them. So...

By opening now, it will report as 09/2011

By waiting until January of next year, it would be 01/2011

You would have received several months worth of extra credit history, just like that.... voila!

Re: AMEX "In Process" Status? Good or Bad?

CreditMuppet — Wed, 18 Sep 2013 19:13:11 GMT

@shane82388 wrote:
@Anonymous wrote:
Good luck!

By the way..., did you go through card match? And, any reason you didn't wait until Jan?
It owuldnt really matter by waiting until january since i already have a Green AMEX from 2011? wouldnt that be my oldest member date and this new card would be backdated to then?

Also, i dont really understand the reasoning for waiting until january...? I figured it out before, but have forgot lol. Seems counter intuitive to wait longer to get more history....

The reasoning behind it is that say your first Amex card was approved in September of 2011 (9/2011), if you apply and get approved in January of 2014, your new card would backdate to January of 2011 (1/2011) (Current Month/Member Since Year) which would actually increase your Average Age of accounts thus typically increasing your score.

It makes sense if you want to maximize your score, but with such a new card your only going to gain a few months. Older the "member since", the bigger the benefit

Re: AMEX "In Process" Status? Good or Bad?

Anonymous — Wed, 18 Sep 2013 19:13:25 GMT

^. Exactly!

Re: AMEX "In Process" Status? Good or Bad?

shane82388 — Wed, 18 Sep 2013 21:46:06 GMT

UGH....well this is what just popped up...

What should I do now? Does AMEX recon at all or just wait until next month?

Also, as usual i cant access the "Full Decision details". It never works when i click the link!

Re: AMEX "In Process" Status? Good or Bad?

Pat94108 — Wed, 18 Sep 2013 22:00:19 GMT

@shane82388 wrote:
UGH....well this is what just popped up...

What should I do now? Does AMEX recon at all or just wait until next month?

Also, as usual i cant access the "Full Decision details". It never works when i click the link!

You should call them and ask them why and yes, they do recon. Depending on what they tell you you might be able to reverse this decision. It all depends on why you were declined.

Re: AMEX "In Process" Status? Good or Bad?

wHiTeSoL — Wed, 18 Sep 2013 22:29:05 GMT

they do recon but be prepared for another HP or HPs if you do .

Re: AMEX "In Process" Status? Good or Bad?

shane82388 — Wed, 18 Sep 2013 22:44:18 GMT

@wHiTeSoL wrote:
they do recon but be prepared for another HP or HPs if you do .

yeah, probably easier to wait until next month...hopefully my CURRENT credit standing will be showing next month since they always seem to pull a month behind or soemthing for current customers...

im pretty sure with over 2 years of perfect payments, high usage, and relatively low utilization, it shouldnt be a strech for an approval...i dont even care if its a small limit to start out with...its just frustrating when i've been the perfect customer, yet im still not really being "rewarded" in the least...in fact ive been fighting to get fraud charges taken care of since July on my AMEX Green! lame :-/