topic Re: Amex Everyday card Denied! in Credit Cards

Amex Everyday card Denied!

Anonymous — Wed, 25 Jun 2014 14:45:20 GMT

I just applied online for an Amex Everyday card and got an instant denial. My FICO is 768, AAoA 9 years, Util 9%, no baddies, 1 inq. They didn't give me a reason. What could it be? I've read that they won't recon. Should I bother? Will it be another hard pull if they do?

Re: Amex Everyday card Denied!

09Lexie — Wed, 25 Jun 2014 15:02:33 GMT

@Anonymous wrote:
I just applied online for an Amex Everyday card and got an instant denial. My FICO is 768, AAoA 9 years, Util 9%, no baddies, 1 inq. They didn't give me a reason. What could it be? I've read that they won't recon. Should I bother? Will it be another hard pull if they do?

You can check the application status website for a reason or call and ask. Reconning with Amex is near impossible but can be done if there was errors on the CR's they pulled.

What current credit cards do you have?

Re: Amex Everyday card Denied!

Anonymous — Wed, 25 Jun 2014 15:18:23 GMT

Thank you, when I check my status I get an app can't be accessed message. I'll call and ask, I just didn't know if I should bother to ask for a recon. I won't.

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Re: Amex Everyday card Denied!

Kenny — Wed, 25 Jun 2014 15:23:24 GMT

I'd for sure call -- might be an error in the app process.

Re: Amex Everyday card Denied!

Kenny — Wed, 25 Jun 2014 17:28:25 GMT

Have you ever had an Amex before? Did you have a charge off or include them in bankruptcy before? Just curious because that could explain the instant denial. They might have blacklisted you if that's the case.

But, either way I would definitely call and speak to a human regarding your application status. Let us know if you need the number, it's found in the helpful thread sticky at the top of the forum.

Re: Amex Everyday card Denied!

Anonymous — Wed, 25 Jun 2014 16:46:36 GMT

@Anonymous wrote:
I just applied online for an Amex Everyday card and got an instant denial. My FICO is 768, AAoA 9 years, Util 9%, no baddies, 1 inq. They didn't give me a reason. What could it be? I've read that they won't recon. Should I bother? Will it be another hard pull if they do?

Call and find out. Blacklist or income would be my guess. You may be at 9%, but depending on your income, your DTI could be too high for Amex's liking. What other cards do you have? Amex has been known to deny also for people who carry subprime cards (the ones for poor credit). Not that you have poor credit, but if you still have the cards it could be the reason.

Re: Amex Everyday card Denied!

Closingracer99 — Wed, 25 Jun 2014 17:02:07 GMT

@Anonymous wrote:
@Anonymous wrote:
I just applied online for an Amex Everyday card and got an instant denial. My FICO is 768, AAoA 9 years, Util 9%, no baddies, 1 inq. They didn't give me a reason. What could it be? I've read that they won't recon. Should I bother? Will it be another hard pull if they do?
Call and find out. Blacklist or income would be my guess. You may be at 9%, but depending on your income, your DTI could be too high for Amex's liking. What other cards do you have? Amex has been known to deny also for people who carry subprime cards (the ones for poor credit). Not that you have poor credit, but if you still have the cards it could be the reason.

The OP cards from what he or she stated doesn't look like Sub prime cards ... if he or she isn't Blacklisted it is probably the income that is the issue

Re: Amex Everyday card Denied!

Kenny — Wed, 25 Jun 2014 17:29:14 GMT

Look forward to hearing what the update is OP. Best wishes to you!

Re: Amex Everyday card Denied!

Anonymous — Wed, 25 Jun 2014 17:41:40 GMT

Ok, I called and now I'm really upset. The cutomer service rep ran down a long list of reasons for the denial per Experian.

Number of accounts with high credit line.

Too many credit inq. (How many is too many? I have two now, including Amex)

Length of credit history (How long do they want it?)

Not enough installment loan info.

Credit score too low. (They said 684)

Too few accounts paid as agreed (Does that mean my payment history is bad or that I just don't have enough cards? I've never paid a card late EVER!)

Am I in the twilight zone? I checked it just this morning my score was 768!

Keep it, Amex. I'm all set.

Re: Amex Everyday card Denied!

09Lexie — Wed, 25 Jun 2014 17:49:05 GMT

@Anonymous wrote:
Ok, I called and now I'm really upset. The cutomer service rep ran down a long list of reasons for the denial per Experian.

Number of accounts with high credit line.
Too many credit inq. (How many is too many? I have two now, including Amex)
Length of credit history (How long do they want it?)
Not enough installment loan info.
Credit score too low. (They said 684)
Too few accounts paid as agreed (Does that mean my payment history is bad or that I just don't have enough cards? I've never paid a card late EVER!)

Am I in the twilight zone? I checked it just this morning my score was 768!
Keep it, Amex. I'm all set.

Where are you getting your score from?

Never heard of number of accts with high credit line-unless they are referring to your dti

Your AAOA is fine as stated, when was your mist recent acct opened?

Re: Amex Everyday card Denied!

Kenny — Wed, 25 Jun 2014 17:49:12 GMT

@Anonymous wrote:
Ok, I called and now I'm really upset. The cutomer service rep ran down a long list of reasons for the denial per Experian.

Number of accounts with high credit line.
Too many credit inq. (How many is too many? I have two now, including Amex)
Length of credit history (How long do they want it?)
Not enough installment loan info.
Credit score too low. (They said 684)
Too few accounts paid as agreed (Does that mean my payment history is bad or that I just don't have enough cards? I've never paid a card late EVER!)

Am I in the twilight zone? I checked it just this morning my score was 768!
Keep it, Amex. I'm all set.

Make sure you check your Experian report for inaccuracies. If it's accurate with the 768, I would recon it for sure. They may have pulled an old report. Either way, wait and see the letter and then go from there. Number of accounts with high credit line? Seriously? Sheesh 2 inquiries!!

Hmmmmm.. quite odd.

Re: Amex Everyday card Denied!

Kenny — Wed, 25 Jun 2014 17:50:01 GMT

@09Lexie wrote:
@Anonymous wrote:
Ok, I called and now I'm really upset. The cutomer service rep ran down a long list of reasons for the denial per Experian.

Number of accounts with high credit line.
Too many credit inq. (How many is too many? I have two now, including Amex)
Length of credit history (How long do they want it?)
Not enough installment loan info.
Credit score too low. (They said 684)
Too few accounts paid as agreed (Does that mean my payment history is bad or that I just don't have enough cards? I've never paid a card late EVER!)

Am I in the twilight zone? I checked it just this morning my score was 768!
Keep it, Amex. I'm all set.
Where are you getting your score from?
Never heard of number of accts with high credit line-unless they are referring to your dti
Your AAOA is fine as stated, when was your mist recent acct opened?

Or either they mean the lines they have are too low? That one threw me for a loop, too.

Re: Amex Everyday card Denied!

credit-hunter — Wed, 25 Jun 2014 17:51:11 GMT

OP the score you checked today was it a Exp fico?

Re: Amex Everyday card Denied!

coldnmn — Wed, 25 Jun 2014 18:02:32 GMT

To many accounts paid as agreed may mean to many accounts with a balance with high credit limits not necessarily high utilization. Affecting DTI.

Re: Amex Everyday card Denied!

09Lexie — Wed, 25 Jun 2014 18:01:52 GMT

@coldnmn wrote:
To many accounts paid as agreed may mean to many accounts with a balance. Affecting DTI.

Or OPs file is thin, which is odd if the AAOA is 9 yrs

Re: Amex Everyday card Denied!

Anonymous — Wed, 25 Jun 2014 18:04:25 GMT

My score is Experian. My credit limits are all pretty high. Perhaps my income is too low. Would they list low income if it was a reason? My newest card is the Chase Slate opened about a week ago. Too close together?

Re: Amex Everyday card Denied!

coldnmn — Wed, 25 Jun 2014 18:05:56 GMT

@09Lexie wrote:
@coldnmn wrote:
To many accounts paid as agreed may mean to many accounts with a balance. Affecting DTI.
Or OPs file is thin, which is odd if the AAOA is 9 yrs

I edited my post but I really don't think AAoA have anything to do with It. I think the computer Is programed to add that on a denial.

Re: Amex Everyday card Denied!

coldnmn — Wed, 25 Jun 2014 18:14:36 GMT

@Anonymous wrote:
My score is Experian. My credit limits are all pretty high. Perhaps my income is too low. Would they list low income if it was a reason? My newest card is the Chase Slate opened about a week ago. Too close together?

They figure debt to include utilization on cards you could possibly max out. Thats called debt to income. Meaning if you maxed everything your income couldn't support it. That's kind of where I'm at so I don't apply because I'm sure I'm close with a $25k net income and $49950 worth of credit available. If you had all cards paid off and one card at 1%-9% the computer would aprove you next time. People can't normally over turn them. I saw a denial a day or so ago of a unpaid $7 that the op had when he was 14. He got it overturned by going into the bank but still.

Re: Amex Everyday card Denied!

09Lexie — Wed, 25 Jun 2014 18:21:24 GMT

@Anonymous wrote:
My score is Experian. My credit limits are all pretty high. Perhaps my income is too low. Would they list low income if it was a reason? My newest card is the Chase Slate opened about a week ago. Too close together?

Experian from a lender pull? Or a score you purchased?

Re: Amex Everyday card Denied!

Anonymous — Wed, 25 Jun 2014 18:49:21 GMT

I purchased the score.

I can see my income being low for the amount of credit I already have. I didn't think about that.

I don't understand the 84 point difference in score or how one inquiry is too many though. No big deal, I don't need more credit. I've never had an Amex and thought I'd apply. Definitely wasn't expecting a denial.