Finally Got an AMEX Pre-qualification and a swift denial

[sjt]

What was the reason for the denial?

[Anonymous]

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@securingourfuture wrote:

I'm sad...I shouldve known.  My EXP is just 668 right now, but I figured the high APR was because of the score.  And I wasted an INQ after 5 months of none.

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Same thing happened to me in January and I was soooo bummed! AMEX gave me a prequalification for a pretty low rate (I think 13 or 14ish%) and then denied me due to low credit score (EXP 650) and multiple collection accounts. I though I had a slight chance since the COs were falling off in a few months and I even read some ppl getting approved with 3 year old COs. Just hang in there! I'm sure you'll eventually qualify since your credit scores are improving.

[Anonymous]

Which card did you app for?

[Poppa]

That's messed up. I feel for you. I think I would be about devastated. I check that prequal site constantly waiting for that glorious offer. I really thought they were more reliable. Hang in there. Don't let one inquiry keep you away from such a nice card.

[Anonymous]

Sorry to hear.  Don't give up, it's just Amex and how they do things.  I went for my 2nd 3xcli and got a denial twice.  Third time was a charm.  It's a bummer when you waste an inquiry for no reason.  I never get pre qualifies.  I just go for it. 

[taxi818]

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@Anonymous wrote:
So sorry to hear that. I applied a couple months ago and was declined for the BCE. Then, people on this board said try for one of their charge cards first, which are easier to get, then apply for the regular cards. Well, I tried for the Amex green card the next day, and it was an auto-denial. They auto-decline if you were just denied.

Then, someone said to wait exactly 30 days and try again. I waited exactly 30 days and tried again for the charge card first. I was approved for the Amex Green. Then, tried for the other easy credit card, Delta Gold Skymiles-approved. Then, Hilton HHonors-approved.

So it is not a lost cause. Wait exactly 30 days and apply for a charge card first. That's your window into Amex. Then, try for the easier credit cards. After, that, try for the card you want.

Your score is not bad. I had a 668 when I applied. There is just a trick into getting an Amex first. Once you get that first approval, then the gateway is open.

Good luck!!

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Don't think it matters which one is first.  I got delta 2 years ago. It was first.  3 days later. Amex green. No issues. It did grow to 20k in about a year.  I will never ask for more.  But I agree. Wait 30 days.