topic Re: American Express denied in Credit Cards

American Express denied

Anonymous — Fri, 15 Nov 2013 02:33:20 GMT

My score is average (Fico 702, Experian (692) and today I applied for a American Express card and it was denied instantly.

Within the last couple of days, I am on an app spree and got a few applications in. Is that the reason? I am curious to see the letter to see why they denied me right away. My credit history is about 10 years old.

Re: American Express denied

Anonymous — Fri, 15 Nov 2013 02:36:17 GMT

Its hard to predict until the letter arrives. Alternatively you can also call and an analyst might be willing to tell you why over the phone.

Re: American Express denied

myjourney — Fri, 15 Nov 2013 02:36:46 GMT

@Anonymous wrote:
My score is average (Fico 702, Experian (692) and today I applied for a American Express card and it was denied instantly.
Within the last couple of days, I am on an app spree and got a few applications in. Is that the reason? I am curious to see the letter to see why they denied me right away. My credit history is about 10 years old.

Welcome to the forum

Without the letter there's really no way to know why they denied you sorry

Reasons can include UTL,INQ's Baddies etc etc

Re: American Express denied

Anonymous — Fri, 15 Nov 2013 02:39:06 GMT

Thank you for your reply. I will post it here once I receive the letter.

I am wondering now after I send in quite a few applications that what happens if all or many of them arrive with near about $1000 limit? Can I just not actiavte them if I wish not to?

Re: American Express denied

Anonymous — Fri, 15 Nov 2013 02:43:42 GMT

my utilization is near zero and I have been keeping it like that.

all my baddies are out of my profile more than a year ago. only bad thing is that I have all the HP records in my credit due to these apps, or are going to show up soon. As I am on a spree, I am not aorried about it now. Just discovered this forum and trying to learn from you all. Thanks..

Re: American Express denied

myjourney — Fri, 15 Nov 2013 02:58:43 GMT

@Anonymous wrote:
my utilization is near zero and I have been keeping it like that.
all my baddies are out of my profile more than a year ago. only bad thing is that I have all the HP records in my credit due to these apps, or are going to show up soon. As I am on a spree, I am not aorried about it now. Just discovered this forum and trying to learn from you all. Thanks..

First thing I'll tell you that building credit is a marathon not a sprint

And when you start to see denials and low limits it's time to stop getting HP's for nothing because the other lenders that you apply for see them as fast as you hit submit they are recorded on your CR'S

Re: American Express denied

Anonymous — Fri, 15 Nov 2013 03:27:55 GMT

Thanks, I agree with that. I increased my total CL by about 40K within the last month and I wil stop now for another year atleast.

Re: American Express denied

yudeology101 — Fri, 15 Nov 2013 04:23:10 GMT

@myjourney wrote:
@Anonymous wrote:
my utilization is near zero and I have been keeping it like that.
all my baddies are out of my profile more than a year ago. only bad thing is that I have all the HP records in my credit due to these apps, or are going to show up soon. As I am on a spree, I am not aorried about it now. Just discovered this forum and trying to learn from you all. Thanks..
First thing I'll tell you that building credit is a marathon not a sprint
And when you start to see denials and low limits it's time to stop getting HP's for nothing because the other lenders that you apply for see them as fast as you hit submit they are recorded on your CR'S

Well said, my credit 101 lecture notes for the day...thanks MJ.

Re: American Express denied

djc1puno — Fri, 15 Nov 2013 05:48:22 GMT

i might have missed the info, but which amex did you app for?

Re: American Express denied

Walt_K — Fri, 15 Nov 2013 06:06:19 GMT

@Anonymous wrote:
Thank you for your reply. I will post it here once I receive the letter.
I am wondering now after I send in quite a few applications that what happens if all or many of them arrive with near about $1000 limit? Can I just not actiavte them if I wish not to?

They will likely report regardless of whether you activate them. You can ask them not to report, but most CCs report even if you cancel the account right after approval.

Re: American Express denied

09Lexie — Fri, 15 Nov 2013 06:24:53 GMT

+1

Depending on the cc's some even report before you receive the card ie Barclays, BoA

Re: American Express denied

Anonymous — Tue, 07 Jan 2014 19:49:07 GMT

my ( no so short story), I was an American Express Platinum member since 1984, over 20 years a member, then, I declared BK in march 05, 7 years later, I tried for a platinum card, denied! tried several times, same story, DENIED instantly, regardless of my history with them. When I declared BK in 05, I never had any outstanding debts with AE. I tried, and tried, but always denied.

They never even did a hard pull on my CR. They never forget about your past. So, this Dec 30 2013, I did an application (again) Got the typical, message:" We can not give you answer at this time, a decision will be made in the next 10 days", blah blah blah, I knew what the answer was going to be. Next day Dec 31 2013 I aplied again, and I got the same message.

However this time (dec 31 app), I seen they did a hard pull on my CR. I thought," hmmm maybe this might be different" The very next day I got a call from amex,they left a message and a reference number. I called and gave them the reference number. They said" your app is under review, we will notify you of the outcome. I didn't bother hounding them, I thought, "whatever, if I am approved, I will see it in the mail". Well today I got my mail. Letter from amex stating that they could not approve my application based on several pieces of information they had reviewed. No doubt it was my CR, and past BK.

So I called to ask what the problem was, and to ask what I need to do to for amex to reconsider my application. When I called I gave the reference number that was given to me when they previously called and left a message. To my utter surprise, the CS agent asked why I took so long to get back them, he said" this is a very old reference number, we called you on the 2nd of January (2014). I thought, good grief, that is only 5 days ago. Regarless, I told him" I was waiting to hear from you, I was told that my app was under review. He said. "Well, you have been approved, I just need to verify your idientity with some questions that only you should know, if you pass this "test" I can authorize your card. Simple questions, I passed, and Plat. card is on the way. I am ecstatic! Never give up! My credit score was 765 with TU, but there was a "derogatory" remark on an old visa card that was part of the BK, even with that, I was approved. I am also in the process of having that card removed. So that's my not so short story of over 8 years trying to rebuild my CR, and get my Plat card back, hope it gives some hope to some people out there.

p.s. the last letter I received from amex stating that I was denied, was for the app I sent in on the 30th, the app I sent in on the 31 was accepted.

Re: American Express denied

FinStar — Tue, 07 Jan 2014 19:54:23 GMT

@Anonymous wrote:
my ( no so short story), I was an American Express Platinum member since 1984, over 20 years a member, then, I declared BK in march 05, 7 years later, I tried for a platinum card, denied! tried several times, same story, DENIED instantly, regardless of my history with them. When I declared BK in 05, I never had any outstanding debts with AE. I tried, and tried, but always denied.

They never even did a hard pull on my CR. They never forget about your past. So, this Dec 30 2013, I did an application (again) Got the typical, message:" We can not give you answer at this time, a decision will be made in the next 10 days", blah blah blah, I knew what the answer was going to be. Next day Dec 31 2013 I aplied again, and I got the same message.

However this time (dec 31 app), I seen they did a hard pull on my CR. I thought," hmmm maybe this might be different" The very next day I got a call from amex,they left a message and a reference number. I called and gave them the reference number. They said" your app is under review, we will notify you of the outcome. I didn't bother hounding them, I thought, "whatever, if I am approved, I will see it in the mail". Well today I got my mail. Letter from amex stating that they could not approve my application based on several pieces of information they had reviewed. No doubt it was my CR, and past BK.

So I called to ask what the problem was, and to ask what I need to do to for amex to reconsider my application. When I called I gave the reference number that was given to me when they previously called and left a message. To my utter surprise, the CS agent asked why I took so long to get back them, he said" this is a very old reference number, we called you on the 2nd of January (2014). I thought, good grief, that is only 5 days ago. Regarless, I told him" I was waiting to hear from you, I was told that my app was under review. He said. "Well, you have been approved, I just need to verify your idientity with some questions that only you should know, if you pass this "test" I can authorize your card. Simple questions, I passed, and Plat. card is on the way. I am ecstatic! Never give up! My credit score was 765 with TU, but there was a "derogatory" remark on an old visa card that was part of the BK, even with that, I was approved. I am also in the process of having that card removed. So that's my not so short story of over 8 years trying to rebuild my CR, and get my Plat card back, hope it gives some hope to some people out there.

p.s. the last letter I received from amex stating that I was denied, was for the app I sent in on the 30th, the app I sent in on the 31 was accepted.

Great progress indeed OP and nice that you were able to re-establish your AMEX relationship!