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USAA American Express Cards after Bankruptcy

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PaF505
New Member

USAA American Express Cards after Bankruptcy

I am 3.5 years post bankruptcy.  I see that 5 years 1 month is the best chance to get an approval from AE. I have never had an American Express card. 

USAA has 3 AE cards. One is a Secured card. I would much rather have the regular cash back card they offer. I'm wondering if the rule would be different since it is USAA? 

I have 3 cards currently, one auto loan and one student loan.  2 Capital One, and one Citi. My scores are 743, 738, 700

Is it worth the inquiry to try for either card through USAA?

 

Message 1 of 8
7 REPLIES 7
FireMedic1
Community Leader
Mega Contributor

Re: USAA American Express Cards after Bankruptcy

AMEX is only the servicer of the USAA card. No connection to AMEX. Yes after 61 months. They'll let you in if they weren't burned. I have 2 since passing that mark.


Message 2 of 8
sccredit
Valued Contributor

Re: USAA American Express Cards after Bankruptcy

I don't know if USAA has a hard rule on BK. I got in 5.5 years post CH7. I did not burn them, received a preapproval via email for their Preferred Cash Rewards Visa Signature and received a $15k limit. Once I let my latest round of cards age a bit I may take a shot at their American Express branded card.

 

Note that the USAA American Express card is issued and serviced by USAA, not by American Express itself so American Express rules don't come into play.

Message 3 of 8
TRC_WA
Senior Contributor

Re: USAA American Express Cards after Bankruptcy


@PaF505 wrote:

I am 3.5 years post bankruptcy.  I see that 5 years 1 month is the best chance to get an approval from AE. I have never had an American Express card. 

 

 


As others have said... 61 months post filing if they weren't burned.  Not sure if that rule applies to co-branded cards but if I were you I wouldn't waste my time.

FICO8 current as of : 4-17-24 EQ: 724 TU: 707 EX: 706
Hard INQs last 12 months: EQ: 5 | TU: 8 | EX: 9
Verizon Visa $8500 Amex Delta Reserve $10,000 Care Credit $18,000
NFCU CashRewards $7500 Apple Card $7000 Best Buy $8000 Amazon $5000
NFCU auto loan (2022 Ford Bronco Sport Badlands - Cactus Gray) 6.95%
NFCU motorcycle loan (2024 Harley Davidson Road Glide - Alpine Green & Chrome) 9.45%
Total CL: $64,000 --- Total CC UTI: 27% --- AAoA: 5.5 years --- Income: $200k
Last app: 4-6-24
Message 4 of 8
2b2rich
Established Contributor

Re: USAA American Express Cards after Bankruptcy

@PaF505 The simple way to remember the differences between AMEX and a co branded  card, is that even CreditOne offers a CreditOne AMEX. 

@FireMedic1  so if I filed ch 7 in August 2019, and did not have an AMEX, then I should qualify around the end of this coming September?

Chapter 7 Discharged & Closed Jan 2020
Message 5 of 8
Jeffster1
Valued Contributor

Re: USAA American Express Cards after Bankruptcy

Amex's 61 month post-filing policy only applies to cards issued by Amex itself. 

 

USAA has their own set of criteria for their line of cards, including their Amex card. Could be less, could be more. 

FICO 8 (3/1/24) EX 805 EQ 824 TU 844

Current lineup as of 9/23
American Express Gold | American Express Blue Cash Everyday 11K | American Express Blue Cash Preferred 10K I American Express Marriott Bonvoy Bevy 5K I American Express Hilton Honors Surpass 3K I Bank of America Customized Cash Rewards Visa 20K | Kinecta MyPerks Rewards MC 35K | TD Bank Double Up Visa 4K | USBank Platinum Visa 5K | BMO Harris Cash Back MasterCard 12K | Capital One SavorOne MC 3K | Capital One Walmart MC 2K | NFCU Amex 20K | NFCU CashRewards Visa 20K I Citi Best Buy Visa 10K I Macy’s Amex 6.5K I Bread Financial American Express 8K l AAA Daily Advantage Visa Signature 6K I Wells Fargo BILT World Elite MC 30K I BCU Cash Rewards Visa 8K I Chevron Techron Advantage Visa 2.5K I JCPenney Mastercard $6K I UCLA Wescom CU Rewards Visa 7K I
Message 6 of 8
FireMedic1
Community Leader
Mega Contributor

Re: USAA American Express Cards after Bankruptcy


@2b2rich wrote:

@PaF505 The simple way to remember the differences between AMEX and a co branded  card, is that even CreditOne offers a CreditOne AMEX. 

@FireMedic1  so if I filed ch 7 in August 2019, and did not have an AMEX, then I should qualify around the end of this coming September?


Correct. I waited a week after the jail period. Got denied the first time due to a new checking account with NFCU. Waited a year and was approved.


Message 7 of 8
MileHigh96
Frequent Contributor

Re: USAA American Express Cards after Bankruptcy


@TRC_WA wrote:

@PaF505 wrote:

I am 3.5 years post bankruptcy.  I see that 5 years 1 month is the best chance to get an approval from AE. I have never had an American Express card. 

 

 


As others have said... 61 months post filing if they weren't burned.  Not sure if that rule applies to co-branded cards but if I were you I wouldn't waste my time.


The AmEx rules don't apply to the cards running on their network that aren't AmEx issued.  I burned AmEx in my BK7 but I have the Bread Financial AmEx card.

BK7 discharged - 06JUL2021
Loans:

Revolving Accounts (in the order they were opened):

Closed accounts:
Message 8 of 8
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