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Amex platinum denial??

Lajuan33
New Member

Amex platinum denial??

Applied for the platinum april 30th denial 699 fico score 8 currently have a delta gold only 1k limit so they won't hard pull. Now score is showing on Amex fico 8 June 1st 746 just applied again after 30 days using prequalify tool and getting 125k bonus offer to apply and denied again with score from April 30th still showing sent to underwriting also denied any idea when how long Amex takes to use a new score ?

Message 1 of 24
23 REPLIES 23
GatorGuy
Regular Contributor

Re: Amex platinum denial??


@Lajuan33 wrote:

Applied for the platinum april 30th denial 699 fico score 8 currently have a delta gold only 1k limit so they won't hard pull. Now score is showing on Amex fico 8 June 1st 746 just applied again after 30 days using prequalify tool and getting 125k bonus offer to apply and denied again with score from April 30th still showing sent to underwriting also denied any idea when how long Amex takes to use a new score ?


What is your previous history with them? What derogs are on your report?

Message 2 of 24
Lajuan33
New Member

Re: Amex platinum denial??


@GatorGuy wrote:

@Lajuan33 wrote:

Applied for the platinum april 30th denial 699 fico score 8 currently have a delta gold only 1k limit so they won't hard pull. Now score is showing on Amex fico 8 June 1st 746 just applied again after 30 days using prequalify tool and getting 125k bonus offer to apply and denied again with score from April 30th still showing sent to underwriting also denied any idea when how long Amex takes to use a new score ?


What is your previous history with them? What derogs are on your report?


5 years no lates on 1k limit delta card 4 30 day lates on report most recent 8 months ago other 1.5 years or older 1 inquiry on experian.

Message 3 of 24
shalimarcat
Member

Re: Amex platinum denial??

  Sorry to hear that. Did they disclose the reason for the denial? Hopefully, you can apply again and get approved at a later date. Good luck!

Message 4 of 24
FinStar
Moderator

Re: Amex platinum denial??


@Lajuan33 wrote:

Applied for the platinum april 30th denial 699 fico score 8 currently have a delta gold only 1k limit so they won't hard pull. Now score is showing on Amex fico 8 June 1st 746 just applied again after 30 days using prequalify tool and getting 125k bonus offer to apply and denied again with score from April 30th still showing sent to underwriting also denied any idea when how long Amex takes to use a new score ?


What were the specific reasons cited for both denials?

Message 5 of 24
Lajuan33
New Member

Re: Amex platinum denial??

Your consumer credit report indicates your payment history has been unsatisfactory

The balances on your credit card accounts are high in relation to their credit limits, as reflected in your credit report.

dti 7% now 

Message 6 of 24
jcooks
Regular Contributor

Re: Amex platinum denial??

Did your scores jump that much because you brought down utilization?  If so, it should be updated on your next billing cycle.  Since you have to wait 30 days after denial, it may work out.  To check what Amex sees on their soft pulls, check your Fico score when logged into your account (not the My Credit Guide).

Message 7 of 24
MaizeandBlue
Senior Contributor

Re: Amex platinum denial??


@Lajuan33 wrote:

Applied for the platinum april 30th denial 699 fico score 8 currently have a delta gold only 1k limit so they won't hard pull. Now score is showing on Amex fico 8 June 1st 746 just applied again after 30 days using prequalify tool and getting 125k bonus offer to apply and denied again with score from April 30th still showing sent to underwriting also denied any idea when how long Amex takes to use a new score ?


You should have received a letter from Amex after the first denial.  That letter includes the exact date of the soft pull that was used to make their decision.  You can infer from that date that Amex soft pulls your credit for account review on approximately the same date each month.

 

The FICO score shown in your online account is not used for underwriting decisions.  Typically the FICO score is updated on the first day of each monthly billing cycle.  The score used in underwriting is obtained via a soft pull that occurs independent of your FICO score update.  So its always a good idea to wait one month from the updated score in your online account to allow the score used by underwriting to "catch up."





Message 8 of 24
Shooting-For-800
Senior Contributor

Re: Amex platinum denial??


@Lajuan33 wrote:

@GatorGuy wrote:

@Lajuan33 wrote:

Applied for the platinum april 30th denial 699 fico score 8 currently have a delta gold only 1k limit so they won't hard pull. Now score is showing on Amex fico 8 June 1st 746 just applied again after 30 days using prequalify tool and getting 125k bonus offer to apply and denied again with score from April 30th still showing sent to underwriting also denied any idea when how long Amex takes to use a new score ?


What is your previous history with them? What derogs are on your report?


5 years no lates on 1k limit delta card 4 30 day lates on report most recent 8 months ago other 1.5 years or older 1 inquiry on experian.


You have 30 day late(s) on your credit report less than a year old.  Don't take it personally, but Amex is does not want to offer you a top tier card with a $500+ AF that requires PIF every month if you are late on minimum credit card payments.  Regardless of why it happened, you have to see their side here.

 

I would hold off for 6 months and try again.  Maybe 1 year is thier line in the sand.

GL!

Rebuild started in 2014  -  $100k unsecured credit in 2017  -  $400k unsecured credit in 2021.

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Message 9 of 24
Lajuan33
New Member

Re: Amex platinum denial??

Yeah utilization / extra month of the late getting olde made my score jump to 753 Fico 8 experian my fico score on Amex my fico is 746 as of June 1st 

Message 10 of 24
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