topic Re: AMEX Denial Reasons in Credit Cards

AMEX Denial Reasons

Longroad — Tue, 11 Mar 2014 19:42:22 GMT

When I got my Marriott card last month I thought I would give AMEX another shot, just in case they were feeling generous as well. Well no such luck....again. But the reasons given basically were new accounts and inquiries. I have 8 new accounts since last September (2 in Sept, 3 in Nov, 2 in Dec and 1 last month.) and 9 inquires in the same time frame. I was just wondering if anyone might have some insight into how long AMEX likes to see between inquiries and/or new accounts? Planning on gardening until late fall at least and hope that is long enough.

Re: AMEX Denial Reasons

tattooedhusker — Tue, 11 Mar 2014 19:42:39 GMT

I would say probably a minimum of 6 months to a year.

Re: AMEX Denial Reasons

1_2 — Tue, 11 Mar 2014 19:44:51 GMT

I'm curious as to what your score is if you dont mind sharing? What did they pull (if you know?). I'm thinking of apping for the Amex BCE but fearful since I have heard they are difficult to get. I have read they look at "other factors," than you credit score...but I cant seem to find out what those other factors might be.

Sorry I cant help you and certianly didnt mean to hyjack your thread. I'm sure someone will come along shortly and answer your questions.

Re: AMEX Denial Reasons

Longroad — Tue, 11 Mar 2014 19:48:51 GMT

@1_2 wrote:
I'm curious as to what your score is if you dont mind sharing? What did they pull (if you know?). I'm thinking of apping for the Amex BCE but fearful since I have heard they are difficult to get. I have read they look at "other factors," than you credit score...but I cant seem to find out what those other factors might be.

Sorry I cant help you and certianly didnt mean to hyjack your thread. I'm sure someone will come along shortly and answer your questions.

My FICO was 656 as stated on the denial letter. I figured that was marginal, but thought since the Marriott approval and I had seen a few others approved with those scores, I thought it was worth a chance.

Re: AMEX Denial Reasons

1_2 — Tue, 11 Mar 2014 19:55:03 GMT

from the cards in your signature, I would have thought you'd have been a sure thing. Now I'm even more afraid to app. My score is high enough I'm told, but I certianly dont have the great cards you do....if that is one of the "other factors" they consider.

Re: AMEX Denial Reasons

sdwalt — Tue, 11 Mar 2014 20:48:48 GMT

I got approved for a Gold card the other day, but was declined for a BCE. My score was about 680 FICO and I had 15 inqs lol.

Re: AMEX Denial Reasons

budugu — Tue, 11 Mar 2014 20:53:51 GMT

Amex is a bit enquiry sensitive? I had a score 684 (AMEX DENIAL LETTER) with a Corp card (APPROVAL) and a long (11 yr) history with amex, when i also applied for SPG couple of months ago. Today I see that there was a credit pull (EX/TU) from Amex. Was livid with rage ... I was about to dispute the item and in the mean time received an email from AMEX saying they approved with on a expedited basis (YES after a month+!!) and sending it Express mail. Had (12 EX, 6 EQ, 4TU) enquiries 2 years.

In the denial letter they had usual reasons : enquiries, not enough satisfactory accounts (not sure what that means), Had one deliquent account (vz bill for 238 which was in dispute for returned equipment settled for 100$ with them 3 years ago). Otherwise NO lates and a paid car loan account from 2 years ago.

Re: AMEX Denial Reasons

1_2 — Tue, 11 Mar 2014 20:54:06 GMT

@budugu wrote:
Amex is a bit enquiry sensitive? I had a score 684 (AMEX DENIAL LETTER) with a Corp card (APPROVAL) and a long history with amex, when i also applied for SPG couple of months ago. Today I see that there was a credit pull (EX/TU) from Amex. Was livid with rage ... I was about to dispute the item and in the mean time received an email from AMEX saying they approved with on a expedied basis (YES after a month+!!) and sending it Express mail. Had (12 EX, 6 EQ, 4TU) enquiries 2 years.

I have 8 actual hard inquiries on my report but according to myfico, only one is still affecting my score. That is something that really confuses me. That's another reason I'm hestitant to app but I sure would like those rewards for groceries and gas.

Re: AMEX Denial Reasons

VirtualCuriosity — Tue, 11 Mar 2014 21:00:58 GMT

@Longroad wrote:
@1_2 wrote:
I'm curious as to what your score is if you dont mind sharing? What did they pull (if you know?). I'm thinking of apping for the Amex BCE but fearful since I have heard they are difficult to get. I have read they look at "other factors," than you credit score...but I cant seem to find out what those other factors might be.

Sorry I cant help you and certianly didnt mean to hyjack your thread. I'm sure someone will come along shortly and answer your questions.
My FICO was 656 as stated on the denial letter. I figured that was marginal, but thought since the Marriott approval and I had seen a few others approved with those scores, I thought it was worth a chance.

Interesting to know that you got the Marriott with your score, without knowing your history. It gives me a back up plan just to get my foot in the door, hopefully. I am set on waiting until the start of summer to put myself in a better position since I want the BCE or BCP. I have 6 INQ on EX and that's who AMEX pulled when they denied me last April. So, I have four aging past one year by May, including the Amex INQ. If I wait till July, I will only have one left under a year old. Plus my history looks a lot better than last year.

Re: AMEX Denial Reasons

sdwalt — Tue, 11 Mar 2014 21:06:30 GMT

@VirtualCuriosity wrote:
@Longroad wrote:
@1_2 wrote:
I'm curious as to what your score is if you dont mind sharing? What did they pull (if you know?). I'm thinking of apping for the Amex BCE but fearful since I have heard they are difficult to get. I have read they look at "other factors," than you credit score...but I cant seem to find out what those other factors might be.

Sorry I cant help you and certianly didnt mean to hyjack your thread. I'm sure someone will come along shortly and answer your questions.
My FICO was 656 as stated on the denial letter. I figured that was marginal, but thought since the Marriott approval and I had seen a few others approved with those scores, I thought it was worth a chance.
Interesting to know that you got the Marriott with your score, without knowing your history. It gives me a back up plan just to get my foot in the door, hopefully. I am set on waiting until the start of summer to put myself in a better position since I want the BCE or BCP. I have 6 INQ on EX and that's who AMEX pulled when they denied me last April. So, I have four aging past one year by May, including the Amex INQ. If I wait till July, I will only have one left under a year old. Plus my history looks a lot better than last year.

I just wanted to get my foot in the door, thats why I went for a charge card, you might be smarter then me for wating for the right time lol.

Re: AMEX Denial Reasons

Anonymous — Tue, 11 Mar 2014 21:07:54 GMT

Been looking at the Amex TrueEarning costco card. Are they as picky as the regular Amex cards?