Amex Marriott Business Denial

[IntegerIntrovert]

Hello!

Sharing my recent application experience here.

FICO 8 Experian: 707

Product Applied for: Marriott Business 

Exisiting Relationship: Amex Gold (Personal)

I applied, got the "needs additional processing" message, about one hour later got the denial.  Reasons listed were primarly negative account, and too man inquries. 

I have one negative TL which is a CO which will drop by July of this year. I have 6 inquiries in the past 12 months.

I called the number listed and spoke to a rep about manual review, she agreed to send it to Underwriting for manual review. I've been putting about 20-30k thru my Gold card each year.

My goal was to get this card and then cancel my Gold card.  However, if I don't get the Marriott, I'm still going to cancel my Amex Gold. 

I'll update this when I hear back from UW.

Thanks

[URHomeInvestments]

Thanks. Following.

[Anonymous]

707 may be a tad low for them for a revolver, personally I didn't start getting revolver prequalifications until I was around 730 or so

[Anonymous]

With the way things are right now I can understand their decision. I don't think 707 is too low though as I've seen people with 680's get approved, it's all the matter of what's actually in the file which is a CO and they don't like those. I'd have waited until July when that dropped of TBH, since it's only 4 months away. The INQ aren't that big an issue as people with 6-9/12 get approved all the time.

If you really want this card and the recon doesn't go your way,  just reapply in July/August when the CO drops off. With putting that much through the Gold I don't think they'd hesitate then. Good Luck either way

Oh and as far as Gold I feel you, with them getting rid of the Ariline Credit in favor of Uber it no longer has an AF offset for me besides the Grub Hub. And with not being able to travel I'm having a really hard time deciding to keep it past my renewal month in April/May as I can no longer justify the $250.  

[Anonymous]

Not all 707 are created equal it's also about the profile my DW has a 743 Experian and still isn't pulling prequalifications from Amex, yeah some people get lucky with 680 and get in the door with the delta which has 1k limit this card has a 3k min limit due to the CARD act because of the annual fee idk if I've seen any Marriott approvals with below 720 tbh like I said I know I wasn't popping prequalified on core revolvers until around 730-740, in fact there was word months ago they were not even issuing revolvers to anyone under 750 the cobrands usually are looser, however the Marriott has more strict underwriting than the delta and hilton

[FinStar]

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@IntegerIntrovert wrote:

I'll update this when I hear back from UW.

Thanks

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What was the outcome from UW on the re-review @IntegerIntrovert?

[IntegerIntrovert]

Hi! No updates yet, I haven't gotten any secure messages on Amex.com or any emails. I think they said 3-5 business days, which it's been 5. I'll call them if I don't hear by Monday.

Thanks!

[IntegerIntrovert]

Update: I never got a email or us mail about my reconsideration. I called recon and they still declined it.  I cancelled my gold card via chat immediatly and was not offered any "offers" to stay.  Well a lot of good 32k of spend last year did on that card. I did just barely get out my annual fee with savings from the coupon book at $250, so it could have been worse.