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AMEX lifetime ban?

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fastboat
Member

AMEX lifetime ban?

When I was a freshman in college (early 90s) I got an amex card the day spring break started. Long story short I ended up having an account with a ballance of 5 or 6000 written off. 

 

Since then I have been more serious about my credit. Currently experian has me at 755 right now, but one card I had charged up close to the max last month just got paid off and it will be reported shortly. When that happens I'll be at about a 7% utilization ratio with a collective credit limit of just under $100k. I have two primary cards I use with limits of $30k and $35k, and a few others right around $10k each. My history sees them all charged up to close to the max, then paid off, typically once or twice a year. Own a home, with no mortgage, make decent money.

 

I have tried to prequalify for an amex more than once, and no luck. Not even when my credit score was hovering at just under 800.

 

Is it likely that I have a lifetime ban, three decades on? Can I find out without a wasted hardpull?  I'm specifically looking to get the platinum card for it's travel benefits. Anythign else wouldnt be useful to me.

 

TIA

 

Message 1 of 69
68 REPLIES 68
ChargedUp
Senior Contributor

Re: AMEX lifetime ban?

If Amex is still holding a grudge from the past, you'll get a denial based on their internal data before they do a HP. If they HP and you get denied, it's due to something on your reports and not your past internal history. You could keep your reports locked and do an app if you're worried about a wasted HP and see if the decline letter states "previous unsatisfactory relationship" or "unable to access credit reports".

 

One thing Amex is known for is forgiving after being made whole again from unpaid debt on past accounts. You would have to decide if paying a $6K debt from the past is worth getting back in with Amex to you should it come down to this.

Message 2 of 69
Zoostation1
Valued Contributor

Re: AMEX lifetime ban?

If it's not an internal data denial it should be a soft pull now.  Amex just started doing applications with a decision based on a soft pull so no harm in a denial.  You don't get to see your CL though until you accept and take the hard pull.

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Message 3 of 69
fastboat
Member

Re: AMEX lifetime ban?

CL? on an amex? have things changed that much since Ive been gone? Smiley Happy

 

Message 4 of 69
SouthJamaica
Mega Contributor

Re: AMEX lifetime ban?


@fastboat wrote:

When I was a freshman in college (early 90s) I got an amex card the day spring break started. Long story short I ended up having an account with a ballance of 5 or 6000 written off. 

 

Since then I have been more serious about my credit. Currently experian has me at 755 right now, but one card I had charged up close to the max last month just got paid off and it will be reported shortly. When that happens I'll be at about a 7% utilization ratio with a collective credit limit of just under $100k. I have two primary cards I use with limits of $30k and $35k, and a few others right around $10k each. My history sees them all charged up to close to the max, then paid off, typically once or twice a year. Own a home, with no mortgage, make decent money.

 

I have tried to prequalify for an amex more than once, and no luck. Not even when my credit score was hovering at just under 800.

 

Is it likely that I have a lifetime ban, three decades on? Can I find out without a wasted hardpull?  I'm specifically looking to get the platinum card for it's travel benefits. Anythign else wouldnt be useful to me.

 

TIA

 


No it's not likely that there's a lifetime ban.

 

If you want the platinum card, go for it.


Total revolving limits 586020 (520820 reporting) FICO 8: EQ 685 TU 691 EX 683




Message 5 of 69
learningcredit54
Regular Contributor

Re: AMEX lifetime ban?

If you want to have an idea if the past account is an issue with Amex do a soft pull application and see what pops up.There is a link floating around the forum -

EDITED TO LINK THREAD WITH SOFT PULL LINK

https://ficoforums.myfico.com/t5/Credit-Cards/Amex-Clearly-Saying-Soft-Pull-Pre-Qualify-Now/m-p/6590...

 

 

I did it last week for my father and past account history was the primary reason for denial. You will not waste a hard pull.

I had issues with Amex around 10-12 years ago for more than what they wrote off for you and this year I have been approved for a number of their cards both credit and charge. Although I know they havent completely forgotten the past as I have low SL and low international limits and low POT limit atleast I am back in the door.

Business Cards:
Amex Business Plus: 6000 // Amex Business Hilton Honors: 3000 // Amex Delta Gold: 4900 // Amex Business Platinum NPSL POT 5000 // Amex Business Gold NPSL POT 15000

Personal Cards:
Discover It Cash Back: 8000 // Chase Saphire Preferred: 5000 // Truist Enjoy Beyond: 4500 // Amex Blue Cash Preferred: 1000 // Cap1SavorOne: 2000 // Cap1 Secured Platinum: 200 // Cap1 QuiksilverOne 2000 // Citi Double Cash: 5200 // Amex Platinum NPSL POT 4000 // Amex Gold NPSL POT 1750


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Message 6 of 69
OmarGB9
Community Leader
Super Contributor

Re: AMEX lifetime ban?


@fastboat wrote:

CL? on an amex? have things changed that much since Ive been gone? Smiley Happy

 


Amex offers regular credit cards with actual limits, yes (in addition to their well known charge cards).

 

As a couple of others have alluded to, you can try Amex's new prequalify tool which should only be a SP regardless. If you're still blacklisted, it'll deny you and let you know. 


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Message 7 of 69
Inspiredman
Valued Member

Re: AMEX lifetime ban?


@fastboat wrote:

CL? on an amex? have things changed that much since Ive been gone? Smiley Happy

 


The Platinum Amex card does not have a preset spending limit but several other Amex cards have credit limit.

Message 8 of 69
C6
Regular Contributor

Re: AMEX lifetime ban?


@Inspiredman wrote:

@fastboat wrote:

CL? on an amex? have things changed that much since Ive been gone? Smiley Happy

 


The Platinum Amex card does not have a preset spending limit but several other Amex cards have credit limit.


This is a fallacy. One may find their shiny platinum card with a $695 fee to have a monthly limit of $500 or less if you've been naughty.

Message 9 of 69
fastboat
Member

Re: AMEX lifetime ban?

Thanks much.

if i use this soft pull application, is there any fundamental limit to the number of times I can use it, ie I have seen some talk about applying to amex over and over and over again, and finally getting approved. As I mentioned previously I just paid off a card that was close to it's $30k limit. Is there any reason why I shouldnt just apply right now, or should I wait a while till after that payment gets reported? 

 

TIA

Message 10 of 69
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