I got my first AmEx card in 1984, Green card. Had my first Gold in 1992 and Platinum in 1994 back when you couldn't apply for it as it was an invitation only card like the Centurion/Black Card is today. While AmEx will do a FR in a minute if they suspect your stated income may be falsified or more than the CRA's show. I've never seen AmEx require a FR just to apply for a card. Ever. The Platinum is their flagship premium card that can be applied for and carries a very high $695 AF so they have a higher standard for issuing this card. With you having been denied the Gold and then an immediate request for 4506-C IRS docs to verify income and FR at only the application phase. Along with your listed exsisting credit looks a tad weak and a 38% DTI unless that includes a mortgage payment is high. I'd say it doesn't look good. BUT you never know with AmEx and no one on here can say for sure what the result will be as AmEx as their on secrets and the most certainly look at way more than just credit score. Good luck though.
@Itachi175 wrote:Thanks alot @bigseegar for your reply. And yes that with my mortgage cause i dont have any. I paid my house in full 210k in cash so i only have a car note and cellphone bills etc. 38% dti. I understand whay you mean tho. I just hope they approve me cause i was honestly thinking they would insta decline me but they didn't. So when i saw they want to verfiy my income i though maybe i have a chance. Why else would they go this far to verfiy my income?? If you going to decline me then just do it ...???? PP.s.in my opinion 50k should be more then enough for this credit card requirement but who knows..... :/
Gotcha and 38% DTI without a mortgage is very high and they may not like that. I don't have a mortgage either and my DTI is only 8%. I'd also hardly say that a salary of only 50K a year is as you said "in my opinion 50k should be more then enough for this credit card requirement". Tons and tons of Platinum holders have high six figure incomes as I do and they charge that much and a lot more alone on their card in a year. Not now but in my hey day with them I was putting about $10K a month on mine and of course PIF every month. Remember even though they've made it an application card where as it use to be by invite only it is still AmEx's flagship premium card (as only 20,000 people in the US have the top Black card). But they have relaxed the standards and if all your reported numbers add up in their FR and your credit your solid who knows. It is a great card for travel if you travel a lot to off set the $695 AF and the lounge access is awesome in that event. For those only flying once or twice a year though believe it of not the Green Card is actually better. Something to consider if you don't get the Platinum. Again, though good luck and let us know.
@Itachi175 wrote:@bigseegar thanks alot and yea i get what you mean! Btw now you have me scratching my head haha why my dti 38%.... i have bmw 5 M model 2019. 44k car but i only owe about 29k left and i have 3k students loans left.... cellphone bill and utilities but how come my dti is so high??? :/
@Itachi175 What ever happened on this? Approved? Denied?
I WAS APPROVED OMG 1 OF MY LIFE LONG DREAM IS ACCOMPLISHED 😭😭😭😭