this practice is not alway great. Since they SP,they will use the latest one they SP you before your app. In my situation,2 months prior,and of course resulted in a denial since my uti then was 35%.
I'm of the opinion that AMEX starts by looking at a SP if available, to determine if a new or additional card can be granted.
In the case of the first AMEX, that includes making a HP (whether or not that HP actually goes into the decision, if it is instapproval, seems unlikely. If 7-10 day or other review, certainly the HP would be reviewed). The SP could still be the main determinant of approval, if the score is appropriate to support that first card.
In the case of a second and subsequent AMEX cards, I think the SP is probably used also as the main determinant of whether these additional cards are granted, and if a card is issued, then the HP is triggered to document the credit being granted.
However: If the SP of an existing AMEX cardholder is not strong enough to support a second card, then I think AMEX may ALSO make a HP, to analyze that, do a 7-10 day decision, and can still deny the second card if the HP does not show enough higher FICO score information to justify the second card. So you could have an AMEX card, apply for a second, get a denial, AND get a HP on the denial. The denial on a subsequent AMEX card is not always just a SP, it can be a HP denial.
@NRB525 wrote:I'm of the opinion that AMEX starts by looking at a SP if available, to determine if a new or additional card can be granted.
In the case of the first AMEX, that includes making a HP (whether or not that HP actually goes into the decision, if it is instapproval, seems unlikely. If 7-10 day or other review, certainly the HP would be reviewed). The SP could still be the main determinant of approval, if the score is appropriate to support that first card.
In the case of a second and subsequent AMEX cards, I think the SP is probably used also as the main determinant of whether these additional cards are granted, and if a card is issued, then the HP is triggered to document the credit being granted.
However: If the SP of an existing AMEX cardholder is not strong enough to support a second card, then I think AMEX may ALSO make a HP, to analyze that, do a 7-10 day decision, and can still deny the second card if the HP does not show enough higher FICO score information to justify the second card. So you could have an AMEX card, apply for a second, get a denial, AND get a HP on the denial. The denial on a subsequent AMEX card is not always just a SP, it can be a HP denial.
When they used a SP 2 months ago as main reason to deny me i called recon, asked for HP if necessary. Guess what happen, they wont HP me, but then i found out that they used a SP 1 month prior to my app. I was pissed, so all this time they had access to a newer data point in my CR but not using it, and used an old one anw, what kind of practice is that?
@bigbang91 wrote:
@NRB525 wrote:I'm of the opinion that AMEX starts by looking at a SP if available, to determine if a new or additional card can be granted.
In the case of the first AMEX, that includes making a HP (whether or not that HP actually goes into the decision, if it is instapproval, seems unlikely. If 7-10 day or other review, certainly the HP would be reviewed). The SP could still be the main determinant of approval, if the score is appropriate to support that first card.
In the case of a second and subsequent AMEX cards, I think the SP is probably used also as the main determinant of whether these additional cards are granted, and if a card is issued, then the HP is triggered to document the credit being granted.
However: If the SP of an existing AMEX cardholder is not strong enough to support a second card, then I think AMEX may ALSO make a HP, to analyze that, do a 7-10 day decision, and can still deny the second card if the HP does not show enough higher FICO score information to justify the second card. So you could have an AMEX card, apply for a second, get a denial, AND get a HP on the denial. The denial on a subsequent AMEX card is not always just a SP, it can be a HP denial.
When they used a SP 2 months ago as main reason to deny me i called recon, asked for HP if necessary. Guess what happen, they wont HP me, but then i found out that they used a SP 1 month prior to my app. I was pissed, so all this time they had access to a newer data point in my CR but not using it, and used an old one anw, what kind of practice is that?
Sorry to hear about the denial.
You have three AMEX in your siggy, were you apping for a 4th? What CL do you have on the three revolvers?
@NRB525 wrote:
@bigbang91 wrote:
@NRB525 wrote:I'm of the opinion that AMEX starts by looking at a SP if available, to determine if a new or additional card can be granted.
In the case of the first AMEX, that includes making a HP (whether or not that HP actually goes into the decision, if it is instapproval, seems unlikely. If 7-10 day or other review, certainly the HP would be reviewed). The SP could still be the main determinant of approval, if the score is appropriate to support that first card.
In the case of a second and subsequent AMEX cards, I think the SP is probably used also as the main determinant of whether these additional cards are granted, and if a card is issued, then the HP is triggered to document the credit being granted.
However: If the SP of an existing AMEX cardholder is not strong enough to support a second card, then I think AMEX may ALSO make a HP, to analyze that, do a 7-10 day decision, and can still deny the second card if the HP does not show enough higher FICO score information to justify the second card. So you could have an AMEX card, apply for a second, get a denial, AND get a HP on the denial. The denial on a subsequent AMEX card is not always just a SP, it can be a HP denial.
When they used a SP 2 months ago as main reason to deny me i called recon, asked for HP if necessary. Guess what happen, they wont HP me, but then i found out that they used a SP 1 month prior to my app. I was pissed, so all this time they had access to a newer data point in my CR but not using it, and used an old one anw, what kind of practice is that?
Sorry to hear about the denial.
You have three AMEX in your siggy, were you apping for a 4th? What CL do you have on the three revolvers?
1000 BCE,22.5K ED,and 3k Delta, yeah i app for the EDP,cause the cap on my ED wont reset when i upgrade. So i figured may as well app for EDP and then transfer CLI.
So your three cards are already over $25k.
If you ask me, that is the main reason for the denial; you are already at the "easy limit" of $25k.
What is your annual income?
(you could try doing a CLD on the ED, and see if that allows a 4th card, just for science of course)