657 Fico Two AMEX Approvals

[Anonymous]

Congrats on both approvals !!!!

[Creditdreamer]

---

@Anonymous wrote:

Congratulations - Seeing your post inspired me to apply and I was denied. Maybe next year! 

---

Keep trying! Not sure what your profile looks like but it took me a while to get in with Amex. The BCE was my foot in the door and it has been awesome ever since.

[Brian_Earl_Spilner]

---

@Anonymous wrote:

Congratulations - Seeing your post inspired me to apply and I was denied. Maybe next year! 

---

The blue, Delta blue and gold, and the charge cards are the easiest to get. I can't get a charge yet, probably because I burned them on a gold, but I was approved for the Delta gold with a 641.

[Brian_Earl_Spilner]

Congrats OP!

[Anonymous]

Thanks - I'll check that out next time around

[Anonymous]

Yeah so this is me right now. I also just apped and got approved for NFCU Cash Rewards last night and got declined for the cash. Should proabably just chill for now! :-) 

Started with around 580 FICO: Experian - 651; Transunion - 611; Equifax - 662 -

Open Accounts

Open Sky - 200 CL

Green Dot - 200 CL (OPENED 10/18)

Discover - 200 CL (OPENED 10/18)

Capital One - 200 CL (OPENED 10/18)

NFCU - 250 SSL (PAID DOWN 7.99%) duration 6 months (10/18)

0% utilization on CC

Closed Accounts

Fifth Third Bank - 75 months / Derog 18 lates (almost 4 years since my last late)

Wells Fargo Dealer Services - 72 months (squeaky clean)

1 Collection - on Transunion currently in dispute. Had it removed from other 2.

Oldest Acct - 12 years; AAOA - 5.6 years

[Creditdreamer]

---

@Anonymous wrote:

Yeah so this is me right now. I also just apped and got approved for NFCU Cash Rewards last night and got declined for the cash. Should proabably just chill for now! :-) 

Started with around 580 FICO: Experian - 651; Transunion - 611; Equifax - 662 -

Open Accounts

Open Sky - 200 CL

Green Dot - 200 CL (OPENED 10/18)

Discover - 200 CL (OPENED 10/18)

Capital One - 200 CL (OPENED 10/18)

NFCU - 250 SSL (PAID DOWN 7.99%) duration 6 months (10/18)

0% utilization on CC

Closed Accounts

Fifth Third Bank - 75 months / Derog 18 lates (almost 4 years since my last late)

Wells Fargo Dealer Services - 72 months (squeaky clean)

1 Collection - on Transunion currently in dispute. Had it removed from other 2.

Oldest Acct - 12 years; AAOA - 5.6 years

---

My recommendation would definitely be to garden right now. And also put a ton of spend on the Capital One (with a ton of payments), assuming it's not a secured card? My score is low but my open trade lines are fairly high given my score. I have $9000 with CO (started out as a $500 that I put a TON of spend on and kept asking for CLI), a $2200 Discover (started as secured and unsecured after 12 months), Amazon Synchrony at $3500, Target at $2200, WF at $2000, BCE at $1000, etc. You'll definitely need to wait until your profile has higher limits for the Amex. I think my Capital One was at $5000 before I got my BCE at $1000.

[Anonymous]

I really appreciate the feedback. Yes, all of my cards are secured with the exception of the NFCU GoReward at 1,000 CL that I was just approved for last night (I was and am still pumped about that 1). I got greedy and went for the NFCU Cash and then saw your post and apped for the BCE. Both declines but it's cool. 

1 of the reasons listed on my Amex decline was no recent installment loan. Maybe I should've just waited 24 hours! LOL 

I have an NFCU SSL that's going to kick in any day that should take my EQ and EX close to 700. Also depending on 2 AU's I have reporting this month for the first time that both have $8k limits, 30 years of perfect history - If FICO counts them. 

[Creditdreamer]

---

@Anonymous wrote:

I really appreciate the feedback. Yes, all of my cards are secured with the exception of the NFCU GoReward at 1,000 CL that I was just approved for last night (I was and am still pumped about that 1). I got greedy and went for the NFCU Cash and then saw your post and apped for the BCE. Both declines but it's cool. 

1 of the reasons listed on my Amex decline was no recent installment loan. Maybe I should've just waited 24 hours! LOL 

I have an NFCU SSL that's going to kick in any day that should take my EQ and EX close to 700. Also depending on 2 AU's I have reporting this month for the first time that both have $8k limits, 30 years of perfect history - If FICO counts them. 

---

I wonder if the profile is more important than the score for Amex. My score is the highest it has ever been with my history with Amex. I have one small medical collection of $586 from 2013 and no lates.

[Brian_Earl_Spilner]

---

@Creditdreamer wrote:

---

@Anonymous wrote:

I really appreciate the feedback. Yes, all of my cards are secured with the exception of the NFCU GoReward at 1,000 CL that I was just approved for last night (I was and am still pumped about that 1). I got greedy and went for the NFCU Cash and then saw your post and apped for the BCE. Both declines but it's cool. 

1 of the reasons listed on my Amex decline was no recent installment loan. Maybe I should've just waited 24 hours! LOL 

I have an NFCU SSL that's going to kick in any day that should take my EQ and EX close to 700. Also depending on 2 AU's I have reporting this month for the first time that both have $8k limits, 30 years of perfect history - If FICO counts them. 

---

I wonder if the profile is more important than the score for Amex. My score is the highest it has ever been with my history with Amex. I have one small medical collection of $586 from 2013 and no lates.

---

What I've noticed is the score is important to amex. There's a threshold, but they're willing to go around -10 if your profile is good enough. In my case, I was denied the Delta Gold at a 635, but approved at 641. Almost nothing changed except balances. Utilization stayed the same, just shuffled around. Once your in, your internal score holds a lot of weight, but you still have to get near the thresholds.