topic Re: Denied for Amex Blue in Credit Cards

Denied for Amex Blue

myficomatt — Tue, 27 May 2008 17:35:02 GMT

I looked online for the pre-approval screening and thought I'd give it a shot since my credit has been slowly rising. I recently opened an account at the CU which did an inquiry so I decided to do it at the same time.

TransUnion
648
Date: 4/15/2008
(over 1 month old)
Equifax
622
Date: 4/15/2008
(over 1 month old)
Experian
661
Date: 4/15/2008
(over 1 month old

OH WELLZ. such is life

Re: Denied for Amex Blue

YoungInvestor — Tue, 27 May 2008 17:42:36 GMT

It's not the end of the world and having more credit cards generally makes you spend more than you would have if you just had cash. (There are exceptions and many probably visit this board )

I just recently opened a PenFed cc, making it my 4th cc in 9 years of being eligible for credit and don't plan to open another cc... ever!

Re: Denied for Amex Blue

Creditaddict — Tue, 27 May 2008 17:59:44 GMT

be sure to call when you get the letter and ask for recon.

they submit it down to credit department to review and they get back to you in another week or 2.

Re: Denied for Amex Blue

myficomatt — Tue, 27 May 2008 18:02:01 GMT

So they possibly reconsider? If there's a card that I'm "more applicable" for, would they possibly put me in with one of those?

Re: Denied for Amex Blue

Creditaddict — Tue, 27 May 2008 20:13:49 GMT

Amex blue starts at 2k limit minimum

Delta starts at 1k.

don't think you can go back and ask for different card, but you can for sure ask for a manual review. Many of my friends have had success with recon. on amex blue with a 2k limit.

Re: Denied for Amex Blue

UpNComing — Tue, 27 May 2008 20:27:21 GMT

Creditaddict wrote:
Amex blue starts at 2k limit minimum
Delta starts at 1k.
don't think you can go back and ask for different card, but you can for sure ask for a manual review. Many of my friends have had success with recon. on amex blue with a 2k limit.

Any thoughts on recon for the AMEX Gold?

Re: Denied for Amex Blue

Scamp — Tue, 27 May 2008 20:29:20 GMT

Creditaddict wrote:
Amex blue starts at 2k limit minimum

Not necessarily - I was just (barely) approved for Blue with a 1K CL a couple weeks ago. FWIW.

Re: Denied for Amex Blue

Creditaddict — Tue, 27 May 2008 20:32:28 GMT

good to know, thank you

Re: Denied for Amex Blue

Anonymous — Tue, 27 May 2008 20:35:00 GMT

@Creditaddict wrote:
Amex blue starts at 2k limit minimum
Delta starts at 1k.

I'm pretty sure the CL range for Blue is from $1k to $100k.

Message Edited by LaserBlue on 05-27-2008 01:35 PM

Re: Denied for Amex Blue

Anonymous — Tue, 27 May 2008 20:58:48 GMT

@Creditaddict wrote:
be sure to call when you get the letter and ask for recon.
they submit it down to credit department to review and they get back to you in another week or 2.

I remember reading sometime recently that Amex had changed their approval standards so that supervisors can no longer reverse the approval decision.

Can anyone corroborate?

Re: Denied for Amex Blue

Creditaddict — Tue, 27 May 2008 21:01:11 GMT

I believe they have changed rules so they can't reverse such things.

But the first round of the application is all computer, 2nd review is a person, I think they are still able to do that 2nd review, I could be wrong though.. amex has been hit hard with credit tightening also.

Re: Denied for Amex Blue

myficomatt — Tue, 27 May 2008 21:06:35 GMT

I probably should have consulted here first before I applied but oh well. I didn't realize they had been hit with a credit tightening. I figure I'm going to pay off my CO, and my baddie, and then try again in a year or two when I've had somewhat of a decent credit length. Right now my longest account is 8 months old so it's no bueno.

Re: Denied for Amex Blue

Creditaddict — Tue, 27 May 2008 21:11:02 GMT

Yes there was just a great article in business week, money? I forget (I read them all)

That in the past Amex has been untouched by market slumps because of there premier lending type customers, but in today's market Amex has taken on WAY to much Unsecured debt (there credit cards) people are starting to carry balances on there amex credit cards and although amex has always given very high limits, a big percentage of there customer never carried high balances so they never had to worry about it, but apparently there percentage of accounts now carrying balances is not looking good on there books. Basically they are now in a lending frame they have never had to deal with in the past it sounds like.

Re: Denied for Amex Blue

Anonymous — Tue, 27 May 2008 21:16:51 GMT

I would consider it a blessing in disguise!

(coming from a bitter soon-to-be-ex Blue card holder)

Re: Denied for Amex Blue

myficomatt — Tue, 27 May 2008 21:25:13 GMT

@Creditaddict wrote:
Yes there was just a great article in business week, money? I forget (I read them all)
That in the past Amex has been untouched by market slumps because of there premier lending type customers, but in today's market Amex has taken on WAY to much Unsecured debt (there credit cards) people are starting to carry balances on there amex credit cards and although amex has always given very high limits, a big percentage of there customer never carried high balances so they never had to worry about it, but apparently there percentage of accounts now carrying balances is not looking good on there books. Basically they are now in a lending frame they have never had to deal with in the past it sounds like.

@I really wish I would have known this before hand but hindsight is 20/20 right? I'm really just anxious to get a card with a decent limit so that I can build. I'm not looking to spend but just have a decent looking report. Amex probably thinks otherwise lol... My highest credit card is Cap1 @ $500. I am getting a visa through the CU with no AF and a decent rate and I applied for a WAMU visa platinum offer that I've been getting bombarded with for months. I guess the plus to my app spree is that they were all on different credit agencies. Any advise on a card I should go with?

Message Edited by myficomatt on 05-27-2008 02:25 PM

Re: Denied for Amex Blue

Anonymous — Tue, 27 May 2008 21:29:39 GMT

Regarding the WAMU card; my hubby is building is credit from scratch (new immigrant from Canada). Wamu gave him $500 and we used it to fill his car with gas and paid in full each month. Just 3 months and they bumped him up to $2K without asking.

Re: Denied for Amex Blue

myficomatt — Tue, 27 May 2008 21:42:50 GMT

Thanks encouraging news! Hopefully they'll approve me. It seems like that 30seconds instant "response" seems to be "we'll get back to you in 2-4 weeks" but the rep told me to call tomorrow. I'm kind of anxious!

Re: Denied for Amex Blue

myficomatt — Wed, 28 May 2008 13:11:42 GMT

AMEX pulled both EX and TU in Atlanta, GA. just as an FYI.

Re: Denied for Amex Blue

Anonymous — Wed, 28 May 2008 13:45:11 GMT

This is not unusual if your borderline on approval-

In June when I applied- they pulled all 3 for me-

myficomatt wrote:
AMEX pulled both EX and TU in Atlanta, GA. just as an FYI.

Re: Denied for Amex Blue

myficomatt — Wed, 28 May 2008 15:18:43 GMT

LOL. So are you saying there was a slight chance? Maybe in a few years then I'll try again.