topic Re: Amex & CSP after BK in Credit Cards

Amex & CSP after BK

Justrebuilding — Tue, 11 Feb 2014 17:53:59 GMT

I am thinking about apping for CSP and an AMEX around June. I have a BK from 07, my EX and TU are around 640, hoping they will go up a bit when I pay off my cards next month.

My plan is -
Pay off all cc next month (leaving a small balance to report on Chase)
Work on a SP CLI on one of my Cap One cards, NFCU and my Walmart card in April
My Freedom will be 6 months old in June
App for CSP and AMEX Gold in June
App for Amex Blue Cash in January

Thoughts/suggestions? I really don't need a charge card but I've read it's easier to get your foot in the door with Amex on a charge card then move to revolver.

Re: Amex & CSP after BK

Networth — Tue, 11 Feb 2014 20:20:22 GMT

You will probably get accepted for an Amex charge card. Also I would say eh on the CSP but you have a Freedom for 6 months which shows some history with Chase. Have you done the Chase pre-qualification tool?

Re: Amex & CSP after BK

Justrebuilding — Tue, 11 Feb 2014 21:09:19 GMT

I did, nothing came up for me on the Chase website.

Re: Amex & CSP after BK

efranklin23 — Wed, 12 Feb 2014 00:11:34 GMT

@Justrebuilding wrote:
I am thinking about apping for CSP and an AMEX around June. I have a BK from 07, my EX and TU are around 640, hoping they will go up a bit when I pay off my cards next month.

My plan is -
Pay off all cc next month (leaving a small balance to report on Chase)
Work on a SP CLI on one of my Cap One cards, NFCU and my Walmart card in April
My Freedom will be 6 months old in June
App for CSP and AMEX Gold in June
App for Amex Blue Cash in January

Thoughts/suggestions? I really don't need a charge card but I've read it's easier to get your foot in the door with Amex on a charge card then move to revolver.

did the BK involve AMEX? and if so, was it payed off?

Re: Amex & CSP after BK

Justrebuilding — Wed, 12 Feb 2014 00:14:06 GMT

@efranklin23 wrote:
@Justrebuilding wrote:
I am thinking about apping for CSP and an AMEX around June. I have a BK from 07, my EX and TU are around 640, hoping they will go up a bit when I pay off my cards next month.

My plan is -
Pay off all cc next month (leaving a small balance to report on Chase)
Work on a SP CLI on one of my Cap One cards, NFCU and my Walmart card in April
My Freedom will be 6 months old in June
App for CSP and AMEX Gold in June
App for Amex Blue Cash in January

Thoughts/suggestions? I really don't need a charge card but I've read it's easier to get your foot in the door with Amex on a charge card then move to revolver.
did the BK involve AMEX? and if so, was it payed off?

Nope, I've never had a personal AMEX card. I have 2 corporate ones for work but that's it.

Re: Amex & CSP after BK

efranklin23 — Wed, 12 Feb 2014 00:17:25 GMT

@Justrebuilding wrote:
@efranklin23 wrote:
@Justrebuilding wrote:
I am thinking about apping for CSP and an AMEX around June. I have a BK from 07, my EX and TU are around 640, hoping they will go up a bit when I pay off my cards next month.

My plan is -
Pay off all cc next month (leaving a small balance to report on Chase)
Work on a SP CLI on one of my Cap One cards, NFCU and my Walmart card in April
My Freedom will be 6 months old in June
App for CSP and AMEX Gold in June
App for Amex Blue Cash in January

Thoughts/suggestions? I really don't need a charge card but I've read it's easier to get your foot in the door with Amex on a charge card then move to revolver.
did the BK involve AMEX? and if so, was it payed off?
Nope, I've never had a personal AMEX card. I have 2 corporate ones for work but that's it.

AS long as your income is good, I'd say you have a 70/30 chance in my opinion

Re: Amex & CSP after BK

FocusedAndDetermined — Wed, 12 Feb 2014 00:22:54 GMT

I have a BK7 from '07, and Chase denied me for a CSP. At the time I apped, I had Discover w/CL $6.5K and Barclays Rewards MC cl $5.2K. I called to recon but was still denied. As with all credit it's a YMMV, but I would advise staying away from Chase for anotheer year.

Re: Amex & CSP after BK

Justrebuilding — Wed, 12 Feb 2014 00:48:14 GMT

@efranklin23 wrote:
@Justrebuilding wrote:
@efranklin23 wrote:
@Justrebuilding wrote:
I am thinking about apping for CSP and an AMEX around June. I have a BK from 07, my EX and TU are around 640, hoping they will go up a bit when I pay off my cards next month.

My plan is -
Pay off all cc next month (leaving a small balance to report on Chase)
Work on a SP CLI on one of my Cap One cards, NFCU and my Walmart card in April
My Freedom will be 6 months old in June
App for CSP and AMEX Gold in June
App for Amex Blue Cash in January

Thoughts/suggestions? I really don't need a charge card but I've read it's easier to get your foot in the door with Amex on a charge card then move to revolver.
did the BK involve AMEX? and if so, was it payed off?
Nope, I've never had a personal AMEX card. I have 2 corporate ones for work but that's it.
AS long as your income is good, I'd say you have a 70/30 chance in my opinion

I make 60k so hopefully that's fine for them. Thanks for your input!

Re: Amex & CSP after BK

Justrebuilding — Wed, 12 Feb 2014 00:49:46 GMT

@FocusedAndDetermined wrote:
I have a BK7 from '07, and Chase denied me for a CSP. At the time I apped, I had Discover w/CL $6.5K and Barclays Rewards MC cl $5.2K. I called to recon but was still denied. As with all credit it's a YMMV, but I would advise staying away from Chase for anotheer year.

I was denied by Discover and Barclay last year, but was able to get my Freedom on recon in December. I bank with Chase as well so I am hoping that helps. Thanks for sharing your experience!

Re: Amex & CSP after BK

FocusedAndDetermined — Wed, 12 Feb 2014 01:42:03 GMT

@Justrebuilding wrote:
@FocusedAndDetermined wrote:
I have a BK7 from '07, and Chase denied me for a CSP. At the time I apped, I had Discover w/CL $6.5K and Barclays Rewards MC cl $5.2K. I called to recon but was still denied. As with all credit it's a YMMV, but I would advise staying away from Chase for anotheer year.
I was denied by Discover and Barclay last year, but was able to get my Freedom on recon in December. I bank with Chase as well so I am hoping that helps. Thanks for sharing your experience!

Sharing experiences is what myFICO is for.

Credit is so fickle. I also bank with Chase, but that didn't help. Discover It and Rewards MC were instant approvals. I had to verify some info for the Arrival card that is about 2 wks old. It would have been nice to have one of the other Chase cards, but the 2 Barclay cards will serve me well. The spend for the 40K bonus miles on Arrival is 1/3 of the CSP and it's a stright 2% accross the board, so no tracking categories

Best of luck whatever you decide to do.

Re: Amex & CSP after BK

Justrebuilding — Wed, 12 Feb 2014 19:41:52 GMT

Any ideas on if I need to app for a charge card first and then the Blue Cash, or if I should just go for the Blue Cash right away?

Re: Amex & CSP after BK

Networth — Thu, 13 Feb 2014 06:26:29 GMT

Mmm I tend to play it safe so I would go for the charge card first. Get a Green or Gold, PIF for 6 months-1 year. Than apply for one of their credit(revolver) cards. Again I am just cautious with HP's so thats what I would do. Show Amex they can trust you, and than ask for a credit card once your foot is in the door.

Re: Amex & CSP after BK

takeshi74 — Thu, 13 Feb 2014 14:37:01 GMT

I didn't have any luck with either with a BK reporting (neither included in BK). Approved for both after the BK fell off. YMMV. IIRC there was a recent thread where someone got a Chase approval with an old BK reporting.

Re: Amex & CSP after BK

Tricky3 — Sun, 16 Feb 2014 20:27:22 GMT

Yesterday I was just approved for a Amex Platinum Card! This is after my BK in June 2006 and I did burn Amex on a Costco Gold Rewards card for ~4k. I have sent in a number of tries in the last few years and have always been decided. About a year ago I even reached out to Amex on my old card and they said that playing off my 4k debt *might* help me get a new card. I toyed with paying it off but did not.

Since my BK I am squeaky clean on my credit reports - I have CaptialOne, Chase SWA & Marriott cards with fairly high limits (and a few department cards). For the last 5 years I have never carried a balance - I'm a ways pay off kind of a guy now days.

My credits scores (depending on my reported balances they are higher/Lower due to travel).

Exp: 738, EQ: 701, TU:693

Re: Amex & CSP after BK

Justrebuilding — Mon, 17 Feb 2014 16:40:35 GMT

@Networth wrote:
Mmm I tend to play it safe so I would go for the charge card first. Get a Green or Gold, PIF for 6 months-1 year. Than apply for one of their credit(revolver) cards. Again I am just cautious with HP's so thats what I would do. Show Amex they can trust you, and than ask for a credit card once your foot is in the door.

Thx, that is what my gut is telling me to do

Re: Amex & CSP after BK

Justrebuilding — Mon, 17 Feb 2014 16:41:47 GMT

@takeshi74 wrote:
I didn't have any luck with either with a BK reporting (neither included in BK). Approved for both after the BK fell off. YMMV. IIRC there was a recent thread where someone got a Chase approval with an old BK reporting.

Thx, I was able to get my Freedom after a recon, I'm anticipating having to recon on the CSP as will. Hope they will work with me!

Re: Amex & CSP after BK

Justrebuilding — Mon, 17 Feb 2014 16:43:17 GMT

@Tricky3 wrote:
Yesterday I was just approved for a Amex Platinum Card! This is after my BK in June 2006 and I did burn Amex on a Costco Gold Rewards card for ~4k. I have sent in a number of tries in the last few years and have always been decided. About a year ago I even reached out to Amex on my old card and they said that playing off my 4k debt *might* help me get a new card. I toyed with paying it off but did not.

Since my BK I am squeaky clean on my credit reports - I have CaptialOne, Chase SWA & Marriott cards with fairly high limits (and a few department cards). For the last 5 years I have never carried a balance - I'm a ways pay off kind of a guy now days.

My credits scores (depending on my reported balances they are higher/Lower due to travel).

Exp: 738, EQ: 701, TU:693

Congrats on the approval! Hoping to get those kind of scores in 2014!

Re: Amex & CSP after BK

Tricky3 — Tue, 18 Feb 2014 16:52:04 GMT

Just got my Amex Platinum today and called in since I wanted to get their new Chip/Sign (wished they had Chip/PIN). When I called they thanked me on my long membership. I said, since when - which he responded since '96. Which is my before BK membership. They said I have to wait 10 days before getting a new card with Chip/Sign and when I get that card it will be back dated to '96! Very supprised since that might give me 18 years on my Credit Reports for my Amex Card (or at least I think so).

Yep, even online it now show "Card Member Since 1996" - Sweet!

Re: Amex & CSP after BK

yudeology101 — Tue, 18 Feb 2014 17:03:00 GMT

Gluck on your planned app spree! Is your BK fallin off from your report? I would recommend that it is completely off from your CR, especially from EX when apping for AMEX. As far as Chase goes, I was never pre-qualified for anything in the past and even today, they didn't even have the "Can't find any offers for you, but we think you'll like this one" offer. I still applied, and was approved. However, I do bank w/ Chase and i think that was a huge help.

Anyways, keep us updated on your progress. We're here for ya, best of luck to you on your app spree soon.