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APPROVED 1st Amex BCE 2700SL and Chase freedom unlimited 6800SL but denied cash magnet

Indianaguy
Valued Member

APPROVED 1st Amex BCE 2700SL and Chase freedom unlimited 6800SL but denied cash magnet

I'm really happy I'm finally in the Amex family even though I didn't get the 2 for one that some have gotten - I figured I would of had a really good chance since scores were good and besides my 2 personal loans I only have balances on my 2 navy cards that I've been making double payments on $4400 balance and $6100 balance.

 

The denial letter said I've reached the maximum number and type of cards that we will approve within the period of a few months that's the exact wording that was in the letter. These are the only 2 cards that I applied for in the last year and the one before this was a LOC with my credit union approved 15k.

 

I also had a mail pre qualify offer for the Amex gold but went for the BCE and before applying I did the Amex pre qualify site and nothing showed up. For the Chase when I logged in I had offers for the sapphire , freedom unlimited and a used car loan - so I went for the freedom unlimited , once I get the card I'm calling in to see if they can raise the limit and for the BCE I will put it to use - so I can build the limit.

 

inquires transunion 11 equifax 8 experian 9 - from mostly car shopping and financing a furnace for a rental. 1 (30 day late 6 years ago closed auto loan).

 

hopefully end of the year I will be in the 800 club - goal is to pay the 2 navy cards off and get some CLIs and that should do it .

 

Chase pulled both experian and Transunion

Amex pulled experian 

Current fico score 2018 TU762 EQ755 EX760 >
NFCU Cash Rewards18k-NFCU Platinum 18k- Discover 2kcli 9000>13500 - Chase I Freedom 5k- Citi Cash 5k-Burgdorf Goodman 7k-VS5k-True Value Discover3k-Firestone 5k-Carecredit 7k>18k-Amazon9k-Walmart10k-2 Car loans-2 Mortgages- 2 Home Improvement Loan
1 SUV Charge-off that's paid that I co-signed for falls off 7/2016

Buying my second GT-R in 2018
Update approved 2018 BCE SL2700 cli to 9000 and Chase freedom unlimited 6800 SL
Message 1 of 11
10 REPLIES 10
JAG73
Moderator

Re: APPROVED 1st Amex BCE 2700SL and Chase freedom unlimited 6800SL but denied cash magnet

Congrats on your approvals! 

Just remember for future reference, normally the Amex 2 for 1, is one revolver and one charge card. 

 

From what you posted, you apped for 2 revolvers. (Unless I missed something).

Try for the Magnet in 3-6 months and you should be golden! 

Got some pruning to do... No more new cards!
Message 2 of 11
Indianaguy
Valued Member

Re: APPROVED 1st Amex BCE 2700SL and Chase freedom unlimited 6800SL but denied cash magnet

Ugh thanks
I wasn't even thinking about if it's a revolving or a charge lol and I read about this all the time .

Thanks for the reply An will try in a few months .
Current fico score 2018 TU762 EQ755 EX760 >
NFCU Cash Rewards18k-NFCU Platinum 18k- Discover 2kcli 9000>13500 - Chase I Freedom 5k- Citi Cash 5k-Burgdorf Goodman 7k-VS5k-True Value Discover3k-Firestone 5k-Carecredit 7k>18k-Amazon9k-Walmart10k-2 Car loans-2 Mortgages- 2 Home Improvement Loan
1 SUV Charge-off that's paid that I co-signed for falls off 7/2016

Buying my second GT-R in 2018
Update approved 2018 BCE SL2700 cli to 9000 and Chase freedom unlimited 6800 SL
Message 3 of 11
AllThingsInTime
Established Contributor

Re: APPROVED 1st Amex BCE 2700SL and Chase freedom unlimited 6800SL but denied cash magnet


@Indianaguy wrote:

I'm really happy I'm finally in the Amex family even though I didn't get the 2 for one that some have gotten - I figured I would of had a really good chance since scores were good and besides my 2 personal loans I only have balances on my 2 navy cards that I've been making double payments on $4400 balance and $6100 balance.

 

The denial letter said I've reached the maximum number and type of cards that we will approve within the period of a few months that's the exact wording that was in the letter. These are the only 2 cards that I applied for in the last year and the one before this was a LOC with my credit union approved 15k.

 

I also had a mail pre qualify offer for the Amex gold but went for the BCE and before applying I did the Amex pre qualify site and nothing showed up. For the Chase when I logged in I had offers for the sapphire , freedom unlimited and a used car loan - so I went for the freedom unlimited , once I get the card I'm calling in to see if they can raise the limit and for the BCE I will put it to use - so I can build the limit.

 

inquires transunion 11 equifax 8 experian 9 - from mostly car shopping and financing a furnace for a rental. 1 (30 day late 6 years ago closed auto loan).

 

hopefully end of the year I will be in the 800 club - goal is to pay the 2 navy cards off and get some CLIs and that should do it .

 

Chase pulled both experian and Transunion

Amex pulled experian 


Super Congrats on your Amex and Chase cards!

 

And yes: as previously posted, the Amex 2 for 1 is

one revolver and one charge card. Please keep us

posted on your progress. Congrats again!

Message 4 of 11
Bizambish
Regular Contributor

Re: APPROVED 1st Amex BCE 2700SL and Chase freedom unlimited 6800SL but denied cash magnet

Congrats OP! You should be good to get the second Amex revolver in a few days. Unless things have changed Amex has a rule that you can only get one new credit card every 5 days and two new cards every 90 days. So if you had just waited 5 days from the original app you should have been approved for both!



Start: Low 500’s
Most Recent: 738-745
Over 180K CL Club
Focusing on Delta, Hilton, Amex MR and Chase UR
Message 5 of 11
RedBeard44
Regular Contributor

Re: APPROVED 1st Amex BCE 2700SL and Chase freedom unlimited 6800SL but denied cash magnet

From one Hoosier to another, Conrats on the AMEX approval. The BCE was my first AMEX as well. I got it in December of 2017, then the EDC in around March/April and the Magnet in June. As sated just give it a little time and let them get nice and cozy with you. After the 61 days hit them up for the 3X CLI and then apply for another revolver if you want.

For what it's worth, and from personal experience they seem to really love it when you swipe that card a lot. The BCE was my daily driver until I got the EDC. I've been using that to hit the SUB andafter that I'll switch my typical spend to the Magnet.

Message 6 of 11
CreditRebuilder2020
Frequent Contributor

Re: APPROVED 1st Amex BCE 2700SL and Chase freedom unlimited 6800SL but denied cash magnet

Congrats!!! Nicely done! 

 

Amex Green Card holder looking forward to my one year upgrade to the PRG Next Spring! 

 


AMEX Gold / Apple Card $1500 SL / Home Depot CC $3K/ Discover IT Chrome $2K SL / PayPal MC $2K /
BOA BankAmericard $2K / BOA Cash Rewards $1000 / Cap One Savor One $1200 / Cap One QS1 - $850 / Blaze MC $1750 / Credit One $850 / OpenSky $500 / AvantCard $500 / Discover IT Cash Back (Graduated Secured) $200 CLI to $400 / EBAY MC $300
Jan of 2017 Credit Karma: 404 -SEPT OF 2018: EX 652 EQ 626 TU 604
AUGUST OF 2019 1% UTL - EX 681 EQ 667 TU 659
Total Credit Limit: $21500 -
Goal Score: 675 for all FICOS (ACHIEVED EX)
NEW GOAL SCORE: 725 for ALL FICOS
CURRENT MAY of 2021: EX 692 EQ 696 TU 706
Message 7 of 11
Indianaguy
Valued Member

Re: APPROVED 1st Amex BCE 2700SL and Chase freedom unlimited 6800SL but denied cash magnet

Thanks everyone and will keep ya updated . I did get an email this morning asking if I was still interested in the sapphire. I'm waiting to do any more with chase though and my next one with be the cash magnet.

Thanks
Current fico score 2018 TU762 EQ755 EX760 >
NFCU Cash Rewards18k-NFCU Platinum 18k- Discover 2kcli 9000>13500 - Chase I Freedom 5k- Citi Cash 5k-Burgdorf Goodman 7k-VS5k-True Value Discover3k-Firestone 5k-Carecredit 7k>18k-Amazon9k-Walmart10k-2 Car loans-2 Mortgages- 2 Home Improvement Loan
1 SUV Charge-off that's paid that I co-signed for falls off 7/2016

Buying my second GT-R in 2018
Update approved 2018 BCE SL2700 cli to 9000 and Chase freedom unlimited 6800 SL
Message 8 of 11
AverageJoesCredit
Mega Contributor

Re: APPROVED 1st Amex BCE 2700SL and Chase freedom unlimited 6800SL but denied cash magnet

Nice job Smiley Happy
Message 9 of 11
19eighty5
Senior Contributor

Re: APPROVED 1st Amex BCE 2700SL and Chase freedom unlimited 6800SL but denied cash magnet

Congratulations on your approval!

FICO 8 (Feb 2018):EX- 519, TU- 530, EQ- 545
FICO 8 (Mar 2020):EX- 689, TU- 665, EQ- 670
What's in my wallet:



On the chopping block:

Message 10 of 11
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