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So I was reading several successful AMEX applications with Fico 8 Experian scores in the 630's, it caught my attention. I checked my Experian FICO 8 and was at 649 so I thought, what the heck. I went ahead and applied for the Amex Everyday card, but was denied. I viewed the letter online and it said the reason was my FICO score and showed my 649 score.
Anyone else denied with a score similar? The denial letter says to wait 30 days... curious how long others waited to try again or at what score?
Thanks!
Sorry to hear about your denial OP. I think there are some AMEX cards that are less strict with UW, Best way to find out which card is by checking their prequal page. You could be Pre-approved for Charge cards or the Delta AMEX, but your score may not be that high just yet to get an approval for their prime revolver cards. You can try again after 30 days, but I strongly suggest you get your score up to at least 675 - 690 range as that may yield a better result. And check the prequal page prior to applying, but of course, it is always YMMV
I was approved for the charge card with a 656 score not too long ago. I guess your file also has to be to their liking. I can tell you however; if I would have known better, I would not have accepted their charge card. It was so difficult for me to pay it off when I first got it. I agree with the prior member to get your score higher and try again. Good luck!
My first AMEX was the BCE. I was surprised when it was approved with my scores in the 680's, but the cl was only $1.500. It took 2 years to finally have the 3x cli approved. My point is that even if you were approved, your cl may have been lower than you need. The following year I received mailings for the Platinum Card. I was instantly approved when I applied.
@Anonymous wrote:So I was reading several successful AMEX applications with Fico 8 Experian scores in the 630's, it caught my attention. I checked my Experian FICO 8 and was at 649 so I thought, what the heck. I went ahead and applied for the Amex Everyday card, but was denied. I viewed the letter online and it said the reason was my FICO score and showed my 649 score.
Anyone else denied with a score similar? The denial letter says to wait 30 days... curious how long others waited to try again or at what score?
Thanks!
This doesn't make much sense to me. A 30-day wait is for a non-credit reason like requesting a CLI too early. When you're denied for a credit-related reason like a low credit score the wait is 90 days.
OP - sorry for the denial! But get your EX report number and review on EX website. As long as you keep checking on it, you should be able to access updated reports.
Did you check the prequal page?
Total CL: $321.7k | UTL: 2% | AAoA: 7.0yrs | Baddies: 0 | Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping |
I was in the same boat, EXACTLY THE SAME BOAT 3 years ago, here is what worked for me, after the 30 days from the decline letter, I applied for the GREEN CHARGE CARD ( yes the green one ) and used it like my DEBIT card, I made payments on a weekly basis, within 2 months my Pre-Set spending limit was up to $5000-- fast forward 3 years..... AMEX is my best friend.
Hope this helps.