Bread Rewards Denied due to Lexis Nexis(after pre qual online)?

[youngandcreditwrthy]

Hello All, 

back on the mend with my rebuild. Went roughly a year with no apps and grew my limits quite a bit. Was pre qualified for the Bread Rewards for 2-3K and some change. 

went for it after opening two cards, so it was the third in a week. Finally got a letter in the mail( cause you know comenity won't tell you anything at all over the phone) and it was denied solely due to my Lexis Nexis score which I don't know much about.

Otherwise, I would have qualified for this account, and I'm still waiting it out to get back in with the real Amex. 

Why would they pre qual based on my Eq report then deny based on a report they don't usually check (ie lexis nexis)?

Anyone else had this happen? I was actually going to close one of my rebuilders (MIssion Lane) and use this card to gain what I thought would be up to 3-4% back on quite a bit of spend a year and grow the limit. I had used comenity in the passed, and they were okay as far as regular CLIs and growing and what not. 

I'm bummed. Anyone else with any ideas? One reason listed was something like "too many inquiries for this identity within too many days" or some garbage, but as noted... I had two new opened cards reporting in roughly a year and my aaoa is still 8+ years with my revolving aaoa in the same range. Makes no sense. 

I think Amex still has involvement regardless of it being  a cobranded card.

Oh well, I have roughly 15 inquiries falling off in Q1 amongst all reports and then by the end of 2025, my entire EQ report will have no inquiries and my one 30 day late on a student loan should be disappeared by then.

Kinda bummed, this card could have been really useful. Either that or itll be the Fidelity card next since that's where I hold all my big monies.

[Patient957]

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@youngandcreditwrthy wrote:

...went for it after opening two cards, so it was the third in a week.

...One reason listed was something like "too many inquiries for this identity within too many days" ...

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It's interesting that they used LN and cited the LN score in the denial.  But if they denied due to your inquiries, they could have gotten the same info from the big three CRAs.  So the issue is your velocity of inquiries, not which CRA they used to get the data.

[GreatLife]

Can you freeze LN then try again after those 15 inquiries fall off the 3 CB's? 

[Tdatb64]

It's not a "co-branded" card. Examples of co-branded would be AMEX Hilton Honors or Chase Amazon Prime. That Bread Rewards, like my NFCU More Rewards, is simply a card that uses the AMEX payment network instead of the Visa or MasterCard payment networks. AMEX has no input into their approval process.

[pip3man]

OP same situation here. Prequaled for $6050, applied and was denied based of the exact LN risk score verbiage you referenced. I won't even bother applying again. Also I have existing accounts with Bread Financial so their determination makes absolutely no sense to me.

[coldfusion]

Have you gone online and pulled a copy of your LN consumer disclosure report and confirmed its accuracy?   If not, that's where you should start.  https://consumer.risk.lexisnexis.com/consumer

[northway]

Same thing for me, denied due to LN Risk Score. What a weird denial reason, but at least it was only a SP app.