@CWESTL wrote:This was a good week and I hope provides optimism for those that have filed BK. I filed Chapter 7 BK in May 2013 (discharged August 2013) and have carefully rebuilt my financial standing along with my credit. I included most major credit cards (AMEX, Discover, BOA, Citibank, etc.) in my BK filing. This week and approximately 6 years post my BK filing date I was approved for an AMEX Cash Magnet card with a SL of $10K. I'm elated to be back in with AMEX. Most importantly I'm very thankful for this forum as it has given me the information necessary to make sound application decisions. I've had an 100% approval rate post BK due to the advice provided in this forum and the discipline to remain patient.
@CWESTL , that wonderful!! Congrats to you. We had the same file and DC months.
I wanted to point out for others that before they go apping for the big dogs like Amex etc.. please do your research here first! Amex will only let you back in if they weren't IIB, or if they were paid back in full if you burned them, and you also have to be 5 yrs plus 1 mo post DC to apply. 
@pizza1 wrote:
@CWESTL wrote:This was a good week and I hope provides optimism for those that have filed BK. I filed Chapter 7 BK in May 2013 (discharged August 2013) and have carefully rebuilt my financial standing along with my credit. I included most major credit cards (AMEX, Discover, BOA, Citibank, etc.) in my BK filing. This week and approximately 6 years post my BK filing date I was approved for an AMEX Cash Magnet card with a SL of $10K. I'm elated to be back in with AMEX. Most importantly I'm very thankful for this forum as it has given me the information necessary to make sound application decisions. I've had an 100% approval rate post BK due to the advice provided in this forum and the discipline to remain patient.
@CWESTL , that wonderful!! Congrats to you. We had the same file and DC months.
I wanted to point out for others that before they go apping for the big dogs like Amex etc.. please do your research here first! Amex will only let you back in if they weren't IIB, or if they were paid back in full if you burned them, and you also have to be 5 yrs plus 1 mo post DC to apply.
Thanks @pizza1. I've read the numerous posts outlining AMEX policies and it seems my approval defies the standard practice. AMEX (Optima/Blue) was included and discharged in my Chapter 7 bankruptcy for approximately $8-9K. I haven't repaid AMEX nor agreed to to do so. . . Yet I was instantly approved for $10K after eyeing their prequalification tool for approximately a year. Prior to five years the prequalification tool wouldn't produce options. However, the AMEX Platinum and Gold were listed as preapproval options as recent as a few months ago. This led me to apply. There may be specific credit profile metrics that make approval decisions much more nuanced than standardly assumed. My income and net worth are somewhat higher due in part to a few great investments and disciplined decisions made post BK. Additionally, my credit profile is diversified with auto, mortgage, and other accounts. I only had one inquiry in the last year and two or less (depending on the credit bureau pulled) across my credit profile in the last two years. There's seemingly more to AMEX approval decisions.
It's also interesting that I'm listed as a AMEX member since the 90's as this reflects when I originally opened an AMEX as a teenager.
Have you check their prequalifier? It is pretty accurate.
