topic Re: AMEX WON'T GIVE IN in Credit Cards

AMEX WON'T GIVE IN

elbori357 — Tue, 25 Mar 2014 20:43:57 GMT

Hello

I have applied 2 times for the BCE card and both times have been decline. I applied the first time in Jan 2013 and the second time on a spree in Feb 2014.

I do not know the real reason ( letter said based on my low EX credit score ). Not sure if I should continue to apply until approval or plain give up. Now, I don't care much for the BCE anymore, I would like their Amex EveryDay card.

Thoughts

Thanks

Re: AMEX WON'T GIVE IN

Anonymous — Tue, 25 Mar 2014 20:46:06 GMT

wow with your scores you should get in with AmEx, I am really surprised

Re: AMEX WON'T GIVE IN

gdale6 — Tue, 25 Mar 2014 20:48:34 GMT

If they are declining you with your current EX score in your sig I suggest you correct whatever is depressing the score over your other reports before re applying or you will be wasting another HP. Good luck

Re: AMEX WON'T GIVE IN

ProV — Tue, 25 Mar 2014 20:51:08 GMT

@elbori357 wrote:
Hello

I have applied 2 times for the BCE card and both times have been decline. I applied the first time in Jan 2013 and the second time on a spree in Feb 2014.
I do not know the real reason ( letter said based on my low EX credit score ). Not sure if I should continue to apply until approval or plain give up. Now, I don't care much for the BCE anymore, I would like their Amex EveryDay card.
Thoughts

Thanks

Based on your siggy, your Experian score shouldn't be a problem. Have you burned AMEX in the past? do you have a major derogetory less than 5yo? do you have a lot of new credit? I was approved for AMEX ED with EX672. Perhaps you can app for a Charge card first, if you do not have a previous relationship with them, and if you're approved you can build a relationship with them through that..

I've also read that if you are approved for a Charge card, and app for a revolver same day, if denied you only get a SP and no HP. Don't take my word for it though, double check/search the forum for info on this first.

Re: AMEX WON'T GIVE IN

JaeJae12 — Tue, 25 Mar 2014 20:54:11 GMT

@ProV wrote:
@elbori357 wrote:
Hello

I have applied 2 times for the BCE card and both times have been decline. I applied the first time in Jan 2013 and the second time on a spree in Feb 2014.
I do not know the real reason ( letter said based on my low EX credit score ). Not sure if I should continue to apply until approval or plain give up. Now, I don't care much for the BCE anymore, I would like their Amex EveryDay card.
Thoughts

Thanks
Based on your siggy, your Experian score shouldn't be a problem. Have you burned AMEX in the past? do you have a major derogetory less than 5yo? do you have a lot of new credit? I was approved for AMEX ED with EX672. Perhaps you can app for a Charge card first, if you do not have a previous relationship with them, and if you're approved you can build a relationship with them through that..

I've also read that if you are approved for a Charge card, and app for a revolver same day, if denied you only get a SP and no HP. Don't take my word for it though, double check/search the forum for info on this first.

I see that you have a car loan and a mortgage on ur sig, amex might be using their own internal scoring model...they look at DTI as well.

Re: AMEX WON'T GIVE IN

yudeology101 — Tue, 25 Mar 2014 21:00:28 GMT

Don't give up, but give more time.

Above is my background w/ AMEX, here's the thread:

http://ficoforums.myfico.com/t5/Credit-Card-App-Approvals/Oh-boy-I-m-in-Trouble-AMEX-2-Approved/m-p/2573169/highlight/true#M35971

You've asked me to elaborate from the other thread, so i'll just post here instead. Anyways, your scores/profile seems good enough for an AMEX approval, but you must have something that AMEX still iffy about...and this is something do with AMEX's internal scoring system as well, I can't really tell you as to what it is....I was so frustrated at one point after my multiple attempts. But one day i received a Green offer in the mail, i just jumped on it and rest is history.

Don't give up on it though....give it just a lil' bit more time and try again. Or you might even get an offer letter in the mail, like me in the meantime.

Others can chime in.

Re: AMEX WON'T GIVE IN

Anonymous — Tue, 25 Mar 2014 21:24:14 GMT

you should call in, they have proven to be reasonable

Re: AMEX WON'T GIVE IN

amdm2013 — Tue, 25 Mar 2014 23:45:58 GMT

WTG Yude!. You've given me all the encouragement I need for my next AmEx app.

Re: AMEX WON'T GIVE IN

Anonymous — Wed, 26 Mar 2014 00:01:17 GMT

LOL..That looks like my application status page as well Yude....

Re: AMEX WON'T GIVE IN

-Wade- — Wed, 26 Mar 2014 00:07:34 GMT

@yudeology101 wrote:
Don't give up, but give more time.

Above is my background w/ AMEX, here's the thread:
http://ficoforums.myfico.com/t5/Credit-Card-App-Approvals/Oh-boy-I-m-in-Trouble-AMEX-2-Approved/m-p/2573169/highlight/true#M35971

You've asked me to elaborate from the other thread, so i'll just post here instead. Anyways, your scores/profile seems good enough for an AMEX approval, but you must have something that AMEX still iffy about...and this is something do with AMEX's internal scoring system as well, I can't really tell you as to what it is....I was so frustrated at one point after my multiple attempts. But one day i received a Green offer in the mail, i just jumped on it and rest is history.

Don't give up on it though....give it just a lil' bit more time and try again. Or you might even get an offer letter in the mail, like me in the meantime.

Others can chime in.

Only you my buddy (101) don't know what the word give up means

Re: AMEX WON'T GIVE IN

dodgerslv — Wed, 26 Mar 2014 00:20:48 GMT

@yudeology101 wrote:
Don't give up, but give more time.

Above is my background w/ AMEX, here's the thread:
http://ficoforums.myfico.com/t5/Credit-Card-App-Approvals/Oh-boy-I-m-in-Trouble-AMEX-2-Approved/m-p/2573169/highlight/true#M35971

You've asked me to elaborate from the other thread, so i'll just post here instead. Anyways, your scores/profile seems good enough for an AMEX approval, but you must have something that AMEX still iffy about...and this is something do with AMEX's internal scoring system as well, I can't really tell you as to what it is....I was so frustrated at one point after my multiple attempts. But one day i received a Green offer in the mail, i just jumped on it and rest is history.

Don't give up on it though....give it just a lil' bit more time and try again. Or you might even get an offer letter in the mail, like me in the meantime.

Others can chime in.

haha...props for not giving up yude!!!! I was getting halfway there until i stopped (though its only been 2 months)...LOL

Re: AMEX WON'T GIVE IN

Anonymous — Wed, 26 Mar 2014 00:27:49 GMT

Thats so strange that they wont give you a card. Your scores are good as well as your utilization. Have you tried applying for the green or gold?

Re: AMEX WON'T GIVE IN

dodgerslv — Wed, 26 Mar 2014 00:30:19 GMT

@elbori357 wrote:
Hello

I have applied 2 times for the BCE card and both times have been decline. I applied the first time in Jan 2013 and the second time on a spree in Feb 2014.
I do not know the real reason ( letter said based on my low EX credit score ). Not sure if I should continue to apply until approval or plain give up. Now, I don't care much for the BCE anymore, I would like their Amex EveryDay card.
Thoughts

Thanks

are the mortgare and car lease pretty recent? if they are then that could be an issue also. Again, Amex uses their own internal score also. Like it was said, it could be your DTI.

Re: AMEX WON'T GIVE IN

OptimalCS — Wed, 26 Mar 2014 01:02:00 GMT

hmmmmm

Re: AMEX WON'T GIVE IN

Anonymous — Wed, 26 Mar 2014 01:32:22 GMT

That is really weird they won't give you the BCE. I was able to get it without issue with only 6 months of credit history and a EX score of 720.

Re: AMEX WON'T GIVE IN

TiggerDat — Wed, 26 Mar 2014 03:18:24 GMT

I think I would try calling them. You realize the BCP is better than the BCE?

Re: AMEX WON'T GIVE IN

elbori357 — Wed, 26 Mar 2014 03:21:35 GMT

@ProV wrote:
@elbori357 wrote:
Hello

I have applied 2 times for the BCE card and both times have been decline. I applied the first time in Jan 2013 and the second time on a spree in Feb 2014.
I do not know the real reason ( letter said based on my low EX credit score ). Not sure if I should continue to apply until approval or plain give up. Now, I don't care much for the BCE anymore, I would like their Amex EveryDay card.
Thoughts

Thanks
Based on your siggy, your Experian score shouldn't be a problem. Have you burned AMEX in the past? do you have a major derogetory less than 5yo? do you have a lot of new credit? I was approved for AMEX ED with EX672. Perhaps you can app for a Charge card first, if you do not have a previous relationship with them, and if you're approved you can build a relationship with them through that..

I've also read that if you are approved for a Charge card, and app for a revolver same day, if denied you only get a SP and no HP. Don't take my word for it though, double check/search the forum for info on this first.

The only item different on my ex repprt from the other 2 is a 7 year old satisfied judgement that is scheduled to fall off in 3 months. Have not affected me on any other CC I have applied for.

Re: AMEX WON'T GIVE IN

elbori357 — Wed, 26 Mar 2014 13:16:15 GMT

@JaeJae12 wrote:
@ProV wrote:
@elbori357 wrote:
Hello

I have applied 2 times for the BCE card and both times have been decline. I applied the first time in Jan 2013 and the second time on a spree in Feb 2014.
I do not know the real reason ( letter said based on my low EX credit score ). Not sure if I should continue to apply until approval or plain give up. Now, I don't care much for the BCE anymore, I would like their Amex EveryDay card.
Thoughts

Thanks
Based on your siggy, your Experian score shouldn't be a problem. Have you burned AMEX in the past? do you have a major derogetory less than 5yo? do you have a lot of new credit? I was approved for AMEX ED with EX672. Perhaps you can app for a Charge card first, if you do not have a previous relationship with them, and if you're approved you can build a relationship with them through that..

I've also read that if you are approved for a Charge card, and app for a revolver same day, if denied you only get a SP and no HP. Don't take my word for it though, double check/search the forum for info on this first.
I see that you have a car loan and a mortgage on ur sig, amex might be using their own internal scoring model...they look at DTI as well.

DTI ration should not be a factor. My income is close to 200k. I applied before I got the new car leases and my mortgage is not showing yet on any of my CRA's. are charge cards easier to approve ? Perhaps my inquiries in the last 2 years (12) are the factor influencing their decision but I did not have 12 when I applied last year. Do they HP everytime I apply?

Re: AMEX WON'T GIVE IN

takeshi74 — Wed, 26 Mar 2014 13:25:44 GMT

@elbori357 wrote:
I have applied 2 times for the BCE card and both times have been decline. I applied the first time in Jan 2013 and the second time on a spree in Feb 2014.
I do not know the real reason ( letter said based on my low EX credit score ). Not sure if I should continue to apply until approval or plain give up.

No sense in applying over and over unless you've addressed whatever the creditor's concerns are. What does the letter state verbatim? What's the score on the letter? Where was the AmEx app within your spree?

@elbori357 wrote:
are charge cards easier to approve ?

Generally speaking, yes.

@elbori357 wrote:
Do they HP everytime I apply?

SP on denials only if you're already a member.

@bernhardtra wrote:
You realize the BCP is better than the BCE?

You realize that better is always subjective? No card is ever one-size-fits-all.

Re: AMEX WON'T GIVE IN

elbori357 — Wed, 26 Mar 2014 13:28:39 GMT

bernhardtra wrote:

I think I would try calling them. You realize the BCP is better than the BCE?

I read that they are not recon friendly.