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I applied for the AmEx Platinum late September and was instantly approved and two days ago(November 8) I applied for the AmEx Gold Card and was instantly denied.
Since opening my account, I have spent ~$7,000+ on it then made a mid cycle payment in full and waited two days and applied for the Gold Card. This was surprising to me as I wouldn’t think they’d find me as a risk. I heav never missed a payment on anything. I decided to look into my Experian score and signed up for the monthly service to do so, and found my FICO scores to be: Ex:760, Eq:755, Tu:754.
I haven’t seen the letter yet but my curiosity is through the roof and maybe frustration too.
I’m not sure what to do at this point as I really want this card to use as my daily?
@Anonymous wrote:
I applied for the AmEx Platinum late September and was instantly approved and two days ago(November 8) I applied for the AmEx Gold Card and was instantly denied.
Since opening my account, I have spent ~$7,000+ on it then made a mid cycle payment in full and waited two days and applied for the Gold Card. This was surprising to me as I wouldn’t think they’d find me as a risk. I heav never missed a payment on anything. I decided to look into my Experian score and signed up for the monthly service to do so, and found my FICO scores to be: Ex:760, Eq:755, Tu:754.
I haven’t seen the letter yet but my curiosity is through the roof and maybe frustration too.
I’m not sure what to do at this point as I really want this card to use as my daily?
I'm not sure why you would immediately assume that Amex sees you as a "risk." You can always check your Application Status and learn the exact reason(s) for the adverse action by reading the copy of the letter being sent to you instead of guessing: American Express Application Status Check
@Anonymous wrote:I applied for the AmEx Platinum late September and was instantly approved and two days ago(November 8) I applied for the AmEx Gold Card and was instantly denied.
Since opening my account, I have spent ~$7,000+ on it then made a mid cycle payment in full and waited two days and applied for the Gold Card. This was surprising to me as I wouldn’t think they’d find me as a risk. I heav never missed a payment on anything. I decided to look into my Experian score and signed up for the monthly service to do so, and found my FICO scores to be: Ex:760, Eq:755, Tu:754.
I haven’t seen the letter yet but my curiosity is through the roof and maybe frustration too.
I’m not sure what to do at this point as I really want this card to use as my daily?
Amex tends to 'roll' their own way at times, and they are known to have a reasonably complex algorithm that looks at much more than just credit scores.
Give it a little time and you should be able to easily add the Gold. The good news is that there's usually no HP for apps from existing customers, so you didn't get dinged for the denial.
My apologies for not specifying that the AmEx Platinum Card was my first AmEx card.
@Anonymous wrote:
My apologies for not specifying that the AmEx Platinum Card was my first AmEx card.
You need to pace yourself. Considering that your very first Amex card - the Platinum - was only opened in "late September" it probably hasn't yet been reported to the credit bureaus (Amex usually reports new accounts at the second statement cut). So basically you have no history with Amex that will allow them to approve multiple charge cards in a short period.