I just applied for the Hilton Aspire with Amex and was denied.
I've had the Amex Platinum card for 3 years and had the Amex Gold for another 3 years before that. Over the 6 years i've had payments returned 2 times but a different payment was made within a few days of that. I have a balance of a little over $1,000 on my Amex Platinum and it allows me to make a purchase of up to $15,000 as I checked on the website.
My credit scores range between 700 and 730. I've had multiple credit card accounts, 1 mortgage, several car loans/leases. My income is in the high double digits and my CC util on credit reports shows up around 20-30%. I applied for a Delta Amex 2 years ago and got a denial because of the returned payment but I figured by now it would be ok. I have 0 late payments whatsoever on my credit report and everything is in good standing.
I do have 3 recent credit inquiries as I have 4 credit cards and opened 2 new accounts and in the process of closing 2 other cards. I was planning on getting the Aspire card and actually closing my Amex Platinum but...
The denial screen said they'd send me something in the mail in 10-14 business days.
Although I don't know the reason I am surprised they wouldn't even approve me for a $5k credit line. My Capital One has a $12k line and $1k balance, I also have a Chase Marriott card with an $8k line and $200 balance. I got a new Discover card with a $5k line and transfered a balance on there since it's 0% interest for 15 months but that balance isn't showing just yet.
Any idea why I would be denied?
Go put your info in and get the real reasons they declined the app.
The stigma of the returned payments will unfortunately stick around for quite some time.
Affected by natural disaster.
They’re not likely to budge on a denial for returned payments. Did you check the link given by @Obscure-Expert to get your reason letter online? That’s the first step.
@nycsimone If they are still extra salty over returned payment from 3 years ago while approving just about everyone capable of filling out an app, I'd look for a different lender.
I can see a lender holding a grudge for a year, maybe two, but this is petty at best.
I get the part about returned payment being a serious issue, but they left the card alone. If they are really that afraid of you robbing them blind, they could have taken some of SL from the existing card and opened a new one. Their exposure would not have increased and everybody would have been happy.
Give your money to someone else.
I'm not sure I could even hold the grudge for three years.