AMEX App questions

[Anonymous]

New here, been lurking earlier this year. I recently appd for Amex bce and was instantly denied. Right after that I app for Amex green since I read it was easier. And the status of the app is “cancelled” and reason given were “ The reason for our decision is that our policy is not to approve an applicant whom we have recently declined.“ Im in process of rebuilding fico8 ex is 650. What steps should I take? Recon or wait to app for Amex green again. Thank you in advance.

[Anonymous]

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@Anonymous wrote:
New here, been lurking earlier this year. I recently appd for Amex bce and was instantly denied. Right after that I app for Amex green since I read it was easier. And the status of the app is “cancelled” and reason given were “ The reason for our decision is that our policy is not to approve an applicant whom we have recently declined.“ Im in process of rebuilding fico8 ex is 650. What steps should I take? Recon or wait to app for Amex green again. Thank you in advance.

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You can app again in 30 days but its better if (a) you have an Experian FICO 8 score of at least 670 (b) you have a pre-approval from Amex.

Despite what you may have heard, charge cards are not necessarily easier to get that credit cards.

[Anonymous]

For sure. I should’ve app for green first. Still fairly new to this started my rebuild last nov. With the reasons given is it high chance of getting approved for the green? I do not understand that reason at all. Because when I was denied for bce they listed number of things why and for the green it was just that statement.

[Anonymous]

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@Anonymous wrote:
For sure. I should’ve app for green first. Still fairly new to this started my rebuild last nov. With the reasons given is it high chance of getting approved for the green? I do not understand that reason at all. Because when I was denied for bce they listed number of things why and for the green it was just that statement.

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You were automatically denied for the Green charge card because your earlier app for the BCE was denied and you did not allow 30 days to elapse.  Amex's system is programmed to reject any other apps until 30 days.  So your Green app was not even processed and you didn't get a hard pull for that.

[Anonymous]

Oh I see. Gotcha! Thanks for the fast replies. Much appreciated

[Anonymous]

@beachboy. Did you check pre approvals before you applied and were subsequently denied?

[Anonymous]

Yes I’ve checked and there was no offers. I only cold app because I’ve read people have been approved with a FICO 8 ex 650.

[SomewhereIn505]

I’m sorry OP!

Hang in there and keep checking the AmEx prequal site ( after 30 days has passed). If you get single APR of a small range, then the prequal is generally good. 

[Anonymous]

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@Anonymous wrote:
Yes I’ve checked and there was no offers. I only cold app because I’ve read people have been approved with a FICO 8 ex 650.

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Its possible but it depends on your credit profile and history.  Your mistake is in assuming that lenders make decisions just on the basis of your FICO score.  I was approved for an Amex card with an Experian FICO score of  644 but I also had a long credit history and had been a member of American Express since 1995.  There's a lot more that goes in to approvals and credit limits than just your credit score.

Also, with a score of 650 you're likely to only get a starting limit in the $500-1000 range and will have to wait 181 days for the chance of a credit limit increase.  That's why I advised you to get your score up to around 670 to increase your chances of a reasonable credit limit.

[Anonymous]

I was approved with no FICO so it truly "depends"...