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AMEX Gold Declined 716

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
New Member

AMEX Gold Declined 716

Applied for Gold and declined with FICO EXperian of 716. They cited serious delinquency --- that's my old student loans that's been reconsolidated 2 months ago and have been on time for the past year. My current FICO EX is now 733. They told me they're going to send that into an executive review at that point they will do a HP and will show my current 733 score. The agent was kind of laughing but I didn't say anything, he was so rude. Any tips on what to do next?

 

Income: $159,000

Debt: $77,000

Monthly card spend to income: 7%

 

8 REPLIES 8
Moderator

Re: AMEX Gold Declined 716

Hi @whoknows1 and welcome to the myFICO forums.

At this point, just let it ride until the manual review or reconsideration process is finalized. If the outcome remains the same, just let some time pass before you can try them again. Typically, whatever decision is made during the review is final, just FYI.

You can check the status of your application online to monitor its progress.
Message 2 of 9
Community Leader
Senior Contributor

Re: AMEX Gold Declined 716

I agree with @FinStar . 

I personally think your debt played a part in the denial.

But I agree, from what you posted, that agent was rude a heck! 

 

AMEX PLATINUM, GOLD, DELTA RESERVE & SPG | PenFed PR VS | NFCU FS VS | Discover IT | CAP1 VENTURE VS | NORDSTROM VS l BANANA REPUBLIC LUXE V I LOWES I MACYS I WAYFAIR I Garden till 1-1-20 AT LEAST
Message 3 of 9
Regular Contributor

Re: AMEX Gold Declined 716

I wouldn't stress about it. If they're willing to reverse their decision great if they're not willing to accept you with recon just remember there are many other lenders out there. Amex isn't the be all of all cards.
Sep 2018 Fico 8 scores: High 500's.
April 2019 Fico 8 scores: Ex 670, EQ 698 TU 679
Goal scores: 710-720 ish
Goal credit line: $20,000 - 25,000

Cap 1 QS: 750 CL, Cap 1 QS1: $2000 Credit one: $300 CL
Discover: $9500 CL.
Message 4 of 9
Frequent Contributor

Re: AMEX Gold Declined 716

I wouldn't worry too much about that CSR laughing at you.  He likely makes less than a 1/3 of what you do.  People who laugh at others are usually miserable in my experience.  




Message 5 of 9
New Member

Re: AMEX Gold Declined 716

Got email this morning I'm approved.
Message 6 of 9
Senior Contributor

Re: AMEX Gold Declined 716

Congrats om your approval !!!!

Welcome to Amex family

 

 

3-2019 / Fico 8 EX 802 , EQ 803 , TR 805
Amex ED 22k , CSP 17k , Discover iT 12.5k , Fifth Third Bank S2C 12k , BofA Cash Rewards 10k , Avianca Vida 10k , State Farm Good Neighbor Visa 10k , Citi DD 6k , Union Bank Rewards 5k
Message 7 of 9
New Member

Re: AMEX Gold Declined 716

Thank ya. FYI for anybody else in the future in similar situation. The reconsideration line does work, but make sure you ask for an executive review.

Message 8 of 9
Moderator

Re: AMEX Gold Declined 716

As OP has been approved thread is now closed to further comments. OP is free to post in approvals if so desired.
"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 9 of 9