topic Re: AMEX BCE in Credit Cards

AMEX BCE

Skye12329 — Fri, 27 Sep 2013 05:14:12 GMT

So im itching to apply for AMEX BCE, but im nervous about being declined. Was wondering what you all think.

Myfico Equifax says 696

My Tu is a little over 700

Unsure on Experian

Util is less than 10%

100% Payment History

0 Derogatory Marks

AAOA - 1 Yr 6 mos. Oldest account 3 years, Newest is 4 mos.

10 Accounts 5 are CC of which BBY is reporting that it closed due to the transition so 4?

10 Inquiries according CK of which about half are from car shopping and 1 is from opening a bank account

A little less than 15k in Student Loans

Also how accurate is CK approval suggestions because its saying i have a Good chance for BCE and Discover.

So what do you all think?

Im scared about being declined because i dont want to take another inquiry, but i really want BCE and i was trying to wait till 2015 because then i should have no inqs have about a 100% chance of approval.

Re: AMEX BCE

RushXTC — Fri, 27 Sep 2013 05:16:44 GMT

@Skye12329 wrote:
So im itching to apply for AMEX BCE, but im nervous about being declined. Was wondering what you all think.

Myfico Equifax says 696
My Tu is a little over 700
Unsure on Experian

Util is less than 10%
100% Payment History
0 Derogatory Marks
AAOA - 1 Yr 6 mos. Oldest account 3 years, Newest is 4 mos.
10 Accounts 5 are CC of which BBY is reporting that it closed due to the transition so 4?
10 Inquiries according CK of which about half are from car shopping and 1 is from opening a bank account
A little less than 15k in Student Loans

Also how accurate is CK approval suggestions because its saying i have a Good chance for BCE and Discover.

So what do you all think?

I got approved for it last month, Check my scores in my Sig.

Util was 24% at the time.

AAoA 1Y 2M (IIRC)

100% Payment history

0 Derogatory

CK and CS are way off on the approval suggestions, Don't do it because THEY said you have a good chance, They're just in it for the referral. I tried for Discover IT 2 times in the beginning of the year, Because CK suggested. I did wait about 3 months in between, Didn't get it until August the same day I got my BCE. If you feel comfortable, Go for it! Looks like we have similar scores, But then again, When I apped for BCE, They had sent me a letter saying I was preapproved and an invitation code included (Again, These mean nothing because I've been through 5-6 declines through preapprovals)

Good luck!

Re: AMEX BCE

myjourney — Fri, 27 Sep 2013 05:17:54 GMT

Amex will pull EX how many INQ's do you have there?

Re: AMEX BCE

Skye12329 — Fri, 27 Sep 2013 05:21:16 GMT

@myjourney wrote:
Amex will pull EX how many INQ's do you have there?

Im unsure, i cant receive my free report yet from them yet.

Re: AMEX BCE

myjourney — Fri, 27 Sep 2013 05:28:17 GMT

@Skye12329 wrote:
@myjourney wrote:
Amex will pull EX how many INQ's do you have there?
Im unsure, i cant receive my free report yet from them yet.

Why can't you get a report? What's on EX is a reflection of your approval odds

Re: AMEX BCE

Skye12329 — Fri, 27 Sep 2013 05:29:02 GMT

It hasnt been a year for me yet to receive my free report.

Re: AMEX BCE

myjourney — Fri, 27 Sep 2013 05:31:45 GMT

@Skye12329 wrote:
It hasnt been a year for me yet to receive my free report.

Tell me how long you've had each CC maybe I can get a good estimate?

Re: AMEX BCE

Skye12329 — Fri, 27 Sep 2013 05:36:01 GMT

Elan - 2 -3 yrs more towards the 3 yrs end

Sears - 1 yr

BBY - 9 mos

Cap1 - 4 mos

Target - 10 mos

My student loans basically accumalate for the AAOA i have some loans dating back to 2010

Re: AMEX BCE

myjourney — Fri, 27 Sep 2013 05:47:35 GMT

@Skye12329 wrote:
Elan - 2 -3 yrs more towards the 3 yrs end Good
Sears - 1 yr Good
BBY - 9 mos probably showing as closed and waiting on Citi to update again also probably 1 HP on EX
Cap1 - 4 mos Short history 1 HP on EX
Target - 10 mos Short history

My student loans basically accumalate for the AAOA i have some loans dating back to 2010 Good

Ok you're doing a wonderful job of building history and credit......

However in my humble and honest opinion I really think you should wait another 3-4 months .......Sorry

With Citi closing the history on BBY scores may have dropped some but don't worry they will recover when Citi report again as long as they report the whole history

If you had considered a charge card maybe but a revolver I just think it's to early for Amex just yet. YMMV tho

Re: AMEX BCE

Skye12329 — Fri, 27 Sep 2013 05:49:57 GMT

@myjourney wrote:
@Skye12329 wrote:
Elan - 2 -3 yrs more towards the 3 yrs end Good
Sears - 1 yr Good
BBY - 9 mos probably showing as closed and waiting on Citi to update again also probably 1 HP on EX
Cap1 - 4 mos Short history 1 HP on EX
Target - 10 mos Short history

My student loans basically accumalate for the AAOA i have some loans dating back to 2010 Good
Ok you're doing a wonderful job of building history and credit......
However in my humble and honest opinion I really think you should wait another 3-4 months .......Sorry
With Citi closing the history on BBY scores may have dropped some but don't worry they will recover when Citi report again as long as they report the whole history
If you had considered a charge card maybe but a revolver I just think it's to early for Amex just yet. YMMV tho

Alright thanks for the helpful information i will wait, ugh i have been gardening since my Cap1 and trying to wait till 2015 so my inqs will fall off and my AAOA will be good. Its hard XD

Re: AMEX BCE

myjourney — Fri, 27 Sep 2013 05:53:59 GMT

@Skye12329 wrote:
@myjourney wrote:
@Skye12329 wrote:
Elan - 2 -3 yrs more towards the 3 yrs end Good
Sears - 1 yr Good
BBY - 9 mos probably showing as closed and waiting on Citi to update again also probably 1 HP on EX
Cap1 - 4 mos Short history 1 HP on EX
Target - 10 mos Short history

My student loans basically accumalate for the AAOA i have some loans dating back to 2010 Good
Ok you're doing a wonderful job of building history and credit......
However in my humble and honest opinion I really think you should wait another 3-4 months .......Sorry
With Citi closing the history on BBY scores may have dropped some but don't worry they will recover when Citi report again as long as they report the whole history
If you had considered a charge card maybe but a revolver I just think it's to early for Amex just yet. YMMV tho
Alright thanks for the helpful information i will wait, ugh i have been gardening since my Cap1 and trying to wait till 2015 so my inqs will fall off and my AAOA will be good. Its hard XD

I know it's hard but to increase your chances of approval I think you should continue gardening it will truly help....promise

BTW it was hard for me to tell you tooo.....Ugh

Re: AMEX BCE

Anonymous — Fri, 27 Sep 2013 07:29:10 GMT

I got instantly approved for the BCE a couple days ago and a Freedom last week with a similar length of history. Oldest account ~2.5 years, average age was about 14 months and my newest account was from July. I only had 3 total accounts though (paid off car loan, Citi Forward and Discover IT) and no student loans. TU was 712 in July when I got approved for the Discover, EX I suspect is also somewhere in the low 700s. Sorry I can't be more specific — Chase pulled EX for me as well but I haven't got my card yet. I only had 3 EX inquiries though when I applied for the AMEX. No derogs, same as you. Low util as well. However, my income is pretty low as I'm still a college student.

Hope that helps at all.

Re: AMEX BCE

Networth — Fri, 27 Sep 2013 08:11:16 GMT

I would app. You AAOA is decent considering your accounts, your score are around 700, AMEX in my experience does not care to much about student loan debt, your utilization is great. I think you have a shot at BCE even though it may be a low limit. Back in 08' my report looked similar to yours and I got a AMEX Blue Sky. And as always YMMV.