@UncleB wrote:
@AverageJoesCredit wrote:
Just because one becomes" being in" doesnt mean they will treat you the same as someone who has a higher income or thicker profile. Many people find that there finally in but can sometimes still be held back ftom past transgressions such as a bk or charge off. I guess only time would truely tell if you are "in" .
I unfortunately had to include my Amex's in my bk7, didnt understand credit well at the time, and 9 and half years later am still on the outside looking in. Since i dont make much coupled with my bk7, i dont fancy theyll be knocking at my door anytime soon and even if i were able to get back "in" id probably be stuck at the $500 or 1000 purgatory due to past relationship. They have a long memory so one should be careful with the notion of being "in".+1
Don't give up completely... I also burned them in a BK7 back in 2000 and they let me back in last year. I never tried before then so it might not have taken quite that long, but in any case "I'm Back".
When I applied I wasn't active on here yet and didn't know all the Amex specifics and (most importantly) I was assuming I would be denied... I actually applied with the intention of using the denial to get a free copy of my EX (I know, foolish). I almost fell over when my Green card app was approved... and that wasn't the card I really wanted! <doh!>
I quickly did some research and noted that many people can get a revolver the same day as a charge with one HP, so I did a 'Hail Mary' and apped for the BCP, and got approved as well for $1k (EX score at the time was 697, IIRC). I have since closed the Green, and got a PRG and Delta Gold. (This relates back to the OP's topic... if you don't want the card, it's really not good to app for it!)
I will mention that they don't forget anything... my revolvers are stuck at $1k and CLIs are always denied due to "...previous negative history with an Amex account" or something to that effect - they are referring to the now 16-year old BK7 (they also greet me with "Member since 1995" now when I log in... it's too bad I missed 20 years of backdating by three (!) weeks). While I would really like a CLI I'm not complaining; they could have given me a simple 'no' (and I thought they would). In any case, I'm able to make the $1k CL on the BCP work... I only use it for groceries and Amex offers (and an occasional mall purchase), and while the utilization on that card does report rather high my overall score doesn't seem to be negatively impacted. (I usually earn $20-$25 each month in cash rewards from that card, so it's worth the annoyance... LOL)
The moral of my story is to not give up... as long as you didn't do anything during the BK7 that would have them flag you as fraud (like run up a huge balance right before your filing) with enough time you should be fine. Also, note that I had to cold-app... I never received a snail-mail offer like so many do, and I had no pre-qual offer showing at the time of my approvals (and ironically, I still don't).
Hope this helps!
Note: Apologies for this detour; I just wanted to demonstrate that it's possible to "get back in with Amex" even after a catastrophe.
I'm another example of Amex quirks when it comes to BK or other derogatory reporting. How on earth they let me in on a cold app 25 months post disch I'll never know but they did with a 2k SL. My recent 61 day CLI was declined on my Skymiles card and I can only wonder if they will ever give a CLI. I didnt burn them in my BK but none the less they are very aware of it and it was the stated reason for the denial.
NFCU Visa 43k | NFCU Platinum 37k | Cap1 QS 13K | Cap1 QS 12.5K | Barclay MC 20k | Delta Gold Amex 38K | Discover IT 20K | CFNA FS 3600 | CareCredit 20k| PayPal Credit 8k |
Lol! @ MissingCalifornia, im only a third class swimmer
@Loquat wrote:
@Anonymous wrote:My personal belief is that you are never really "in with xyz bank" or "relationship building" unless you are private banking (and no I do not meet this criteria). Otherwise we are all just a bunch of average joes swimming with 99% of their customer base.
+100 My thoughts exactly. It makes me giggle when I read here on the forums that some folks willingly pay interest JUST because they think that letting the bank make money off them strengthens their "relationship". I'm all for carrying a balance if one has an incentive or need to do so...I just don't personally believe that letting them make money off you does anything for this so called relationship. I'll also add that if a bank or credit union every gave me the impression that they're treating me less because I don't pay interest, I'd drop them in a heartbeat.
If I bank with bank of America for 15 years, but my income is low and my scores are low, there's no relationship there.
If I have never banked with bofa, but my income is 100k (+) and my scores are high, we have a "relationship."
Hmmmmmm....
As I type this, it kind of reminds me of a hooker!
Not that I would know anything about this...
