AMEX with BK

[720andBeyond]

AMEX will approve post BK7 after the 5 year mark. I waited until a little over 5 years after my BK7 to apply. I was approved earlier this year for a BCP with a $27k limit(don't think I will try for 3x CLI lol) and 50k income. My credit scores range from 740's-760's with only the BK7 baddie still showing on MyFico.

I also think AMEX looks at your other cards to determine limit. They matched my Capital One QuickSilver Signature limit to the dollar. My Discover card is at $23k so that might have helped also. You might want to try to build your other cards and then apply so that you can get a better limit initially.

I actually don't think AMEX will be that hard to get for most honestly. I get offers for their Platinum card constantly now. I want the Sapphire Preferred or Sapphire Reserve, but I think with a BK7 that is now 6 years old still reporting I would be an instant decline.

[Anonymous]

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@Scupra wrote:

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@Anonymous wrote:

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@Siopao wrote:

Just wanted to update the thread.

I apped on Nov 5th and didn't get an instant decline like I normally would so that was a good sign!  I had to call and confirm my information and the rep welcomed me to American Express!  Starting credit line of $2,000.  I'm happy that I'm back in with AMEX!

My BK discharge date isn't until 2/2017.

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So, you are saying you were approved by Amex with an open BK? If this is the case, be careful with your Trustee. On another note, it doesn't take 5 years post BK to get back in with Amex. I was just approved for the Amex Everyday Card 4 months post BK discharge and I included them in my BK. 

Every file is different and is treated accordingly. Don't be afraid to apply for another. 

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OP filed a BK7 and is 5 years post file date, the BK is not open.

The reason you were approved 4 months post discharge is because you filed a BK13. AMEX requires you to be 5 years post file date. In most cases a BK13 lasts 5 years

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I get it. But the OP did say a discharge date is in February of 2017, which makes it an open BK.

[ambivalent]

Shut the front door!  For whatever reason AMEX is my  dream card...like I'VE ARRIVED.  My bk will be 5 years old in July.  OMG.  That's a 2017 goal.  Thank you so much for your post.  Now I have to stalk the AMEX threads to see what I can do to increase my approval odds.  

Congrats on your approval!!!!!!!!

[Scupra]

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@Anonymous wrote:

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@Scupra wrote:

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@Anonymous wrote:

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@Siopao wrote:

Just wanted to update the thread.

I apped on Nov 5th and didn't get an instant decline like I normally would so that was a good sign!  I had to call and confirm my information and the rep welcomed me to American Express!  Starting credit line of $2,000.  I'm happy that I'm back in with AMEX!

My BK discharge date isn't until 2/2017.

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So, you are saying you were approved by Amex with an open BK? If this is the case, be careful with your Trustee. On another note, it doesn't take 5 years post BK to get back in with Amex. I was just approved for the Amex Everyday Card 4 months post BK discharge and I included them in my BK. 

Every file is different and is treated accordingly. Don't be afraid to apply for another. 

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OP filed a BK7 and is 5 years post file date, the BK is not open.

The reason you were approved 4 months post discharge is because you filed a BK13. AMEX requires you to be 5 years post file date. In most cases a BK13 lasts 5 years

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I get it. But the OP did say a discharge date is in February of 2017, which makes it an open BK.

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Oops! I think I only got to see 02/2012 Maybe OP edited the post

[Scupra]

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@Anonymous wrote:
I was dc in Sept. recvd Amex in January. They told me that I could never get an increase as long as Bk was on my report. The minute it dropped. I got the 3x increase. Sometimes there are no hard rules.

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What rule are you referring to? Also, when you say "The minute it dropped. I got the 3x increase." do you mean when the BK dropped you got the increase?