On 3/4/12 I applied for AMEX Gold Delta card and was denied. I don't have the reasons in front of me (letter was no longer accessible but AMEX is resending to me). The reasons where collections, lates and no CC, if I remember correctly. I have taken care of all of that except my lates and one paid off Verizon account (not in collections section). Here is some excellent info I gathered from the CSR (Based on my file as he had it in front of him):
- It doesn't matter which AMEX I apply for, green/gold/zync, as my evaluation will be the same for each card so I was instructed to apply for the one I wanted (Im thinking this had to do with my income, 6 figures, and low Debt to Income ratio- 11%)
- Strongly urged to wait the full 6 months before reapping (not just the changing of the calendar, i.e.. wait at least 180 days)
- EX will be pulled then their next preference is EQ and lastly TU
- With a score between 650-680 (Im probably around 620 right now once my CA falls off 7/10) he strongly urged me to reapp as I would be "80% likely to be approved." (His own words) The closer to 680 then I would be even more likely to be approved.
- At time of reapping I told him I would have 2 negative accounts on my CR - my lates with Cap1 Finance and my Verizon account (Im still waiting on SM to GW 2 lates
) He strongly urged to have at least one of these taken care of by time of reapping.
All in all it was a very helpful discussion and I appreciate the candor of AMEX CSR (Makes me want the card even more!)
That's wonderful. It's so helpful to know in advance what it is that a particular issuer is looking for. Then you can decide if your credit profile is in the ballpark and waste fewer inqs. I hope that when you're ready to reapply that you're approved.
Thanks. I told the guy I was probably around 620 right now and I expected to be at least 650 by app time. I was hoping to get to 680. At 650 he said I was 80% likely. Probably what I'll do is wait 1 more month and app in beginning of October. If I get approved it would be perfect timing as I will be traveling at end of Oct for next 2.5 months for work and could really push a lot of funds through the card. (it would also allow me to avoid the Util hit).