AMEX BCE

[Anonymous]

 Started off with a secured Visa card with PNC for about 3 years with a 500 dollar limit - made full payments on time with 4% utilization. Current FICO score from PNC showed 770. About 3 weeks ago, I applied to Capital1 Platinum (approved for 3000) and Discover IT (approved for 2500). Decided to also apply to the Amex BCE however I was declined straightaway. Current FICO score from PNC showed 770. Discover shows a FICO score of 792 and Capital1 shows a creditwise score of 720.

Their statement was:

"

We evaluated your application using a credit scoring system that considers various pieces of information, including your credit report. The following key factors contributed to our evaluation:

 

Our evaluation of the inquiries on your credit report based on the number, type and recency. (Experian)

There are no credit card accounts, excluding retail cards, on your credit report. (Experian)

No recent record of bank or retail revolving accounts. (Experian)

Amount of annual income listed on the application is insufficient or missing.

Information About Your FICO® Score

We obtained your FICO score from Experian and used it in making our credit decision. Your FICO score is a number that reflects the information in your credit report. Your FICO score can change, depending on how the information in your credit report changes. On July 13, 2017, your FICO score was 771. The FICO score ranges from 300 to 850. The following are the key factors that contributed to your FICO score:

 

There are too few accounts currently paid as agreed.

There is no recent information about installment loans on your report.

The length of time your accounts have been established.

There are too many credit inquiries on your report in the last 12 months."

Given this - should I wait a few months (3 to 6) after using the Capital1 and Discover IT cards to establish some further credit and then try to reapply for the Amex BCE? Thanks for any input!

[AverageJoesCredit]

Yeah, your score is high but your profile seems to be super thin. I would give it 6 months just so you have some history show with your other 2 cards and hopefully youll be golden . Congrats on those pick ups by the way

[MrDisco99]

Yeah those brand new accounts are giving them pause.  Give them time to cool down before apping again.

Otherwise it looks like this card should be a sure thing.

[Anonymous]

Thanks for this post OP.

Thin profile is why I am holding out on applying for Amex BCE. Many think I should just go for it based on my 754 EX but I only have a 4 month old Cap1 secured with a $200 limit.