Just riding the bandwagon with everyone else. Your utilization on the 2 cards is too high, pay those down to "0" or atleast under 30 percent then re-app!!!
@Anonymous wrote:Hi guys,
I just got declined for AMEX Platinum card. The reason is interesting...
The amount currently outstanding on your American Express account(s) is too high relative to the income you provided on your application.
I really have no idea about that...
My current FICO scores are: EX 724, EQ 731, TU 714... And AMEX just started to SP my credit report twice a month. At the point that I applied for Platunum Card, My EX FICO was 719 and I have already had 2 AMEX Credit Card: Marriott Brilliant (CL 3100) and EDP (CL 2000)... However, those cards have been maxed out (3000/3100 and 1300/2000) by 3 air tickets and my car insurance renewal. I just planned to repaid those balances before the statement cuts but i still got declined for Platinum card...
Is there anyway can help?
Thanks!
"Maxed out" is a phrase that should never cause uncertainty as to why we get declined.