Amex SP Theory

[CreditExpressNJ]

Ok so i think i have confirmed that the SP theory is incorrect at least for me ... I applied to applications one for BCP and Everyday   following my approval for True Earnings and they said i had to wait a few days because system cant process applications back to back and certainly they have triple pulled my report did BCP yesterday and Everyday today  resulting in 3 seperate pulls on different days and was declined for all except TE i'm so mad now ..... 2 wasted pulls..

[Twas_Sovereign]

1 SP is if you go for a Charge then a revolver card within 24 hours. It is a separate pull for each revolver card application.

[striehl8212]

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@Twas_Sovereign wrote:

1 SP is if you go for a Charge then a revolver card within 24 hours. It is a separate pull for each revolver card application.

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^^^ Good to know! Thanks for sharing the knowledge.

[CreditExpressNJ]

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@Twas_Sovereign wrote:

1 SP is if you go for a Charge then a revolver card within 24 hours. It is a separate pull for each revolver card application.

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Man i wish i knew that....Before applying for the h*ll of it knowing that i probably wouldnt get approved but took the chance since it was supposedly a SP so i thought ..... i wanna say so many bad things right now OMG ...

[CalAlumnus13]

The dogma here is that, when existing cardmembers apply for a new Amex, it's a SP if denied, a HP if approved. However, there have been some scattered reports of people being HP'd and declined.

[JLK93]

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@CalAlumnus13 wrote:
The dogma here is that, when existing cardmembers apply for a new Amex, it's a SP if denied, a HP if approved. However, there have been some scattered reports of people being HP'd and declined.

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I have an Amex charge card. I applied for a revolver and was declined. I received a HP. A month later I applied for a different revolver and was once again declined. I received another HP. The Amex SP Theory does not always hold.

[dodgerslv]

sorry to hear about the HPs...i guess like Lexie said, its not a guaranteed procedure they will always follow. I wonder if it depends on a person's internal risk score with them. Or maybe because OP is a recent member. I guess we may never know.