Denied by AMEX with FICO of..

[CEOriginal]

Hello to all! I've been a regular browser of the site, but this is my first post..

Okay, so I get a pre-approval letter in the mail from AMEX last week. I didn't take it too serious because I've been in serious re-building mode for the past year. After looking around for a few days, though, I decided to apply. (Should have pulled my FICO first, but didn't)

Got an instant denial . Today, the letter with the explanation of denial comes, and I find out I have a FICO of 667. Not great, but certainly good enough for AMEX Green, right??? The negative "key factors" are all over 12 months old, from what I can tell.

I guess back to the garden for me.......... Any suggestions on what they're looking for?

[enharu]

What were the reasons you were denied for?

Scores aren't just the only thing they look at. I was denied for bcc with a fico score of 768. The analyst over the phone was surprised and I was happy (because I found out my score was 768).

[09Lexie]

Welcome go the forum and sorry for denial. What were the key factors?

[LS2982]

---

@enharu wrote:
What were the reasons you were denied for?

Scores aren't just the only thing they look at. I was denied for bcc with a fico score of 768. The analyst over the phone was surprised and I was happy (because I found out my score was 768).

---

this ^^^^^^^^^^^^^^

Give us the denial reasons

[rex_03]

OP, welcome to the forums.. For the other member having a 768 isn't shabby by far; is there another factor to your denial, or just one of the Amex mysteries perhaps?

[CEOriginal]

FICO score

High UTI -- I think at the time it was around 40%.

Too many inq. According to CreditKarma, I have 9. 

Now that I thnk about it, I applied for AMEX BEFORE I paid my CCs off, which is quite possibly the dumbest thing I've done this year.

The inq's, I can't do anything about. I was going a bit app crazy late last year for the holidays without thinking. But the UTI will be below 10% the next time I apply... Which I will probably wait 60 days to do. That will probably do the trick, I'm guessing.

[enharu]

For my case, my new auto loan account (brand new account with 100% balance owed to amount borrowed) and inquiries from auto loan shopping did me in.

Analyst told me to try again in 3 months but I went on a happy spree after knowing my ex fico, so I got to wait another 6-9months now lol

[LS2982]

---

@CEOriginal wrote:

FICO score

High UTI -- I think at the time it was around 40%.

Too many inq. According to CreditKarma, I have 9. 

Now that I thnk about it, I applied for AMEX BEFORE I paid my CCs off, which is quite possibly the dumbest thing I've done this year.

The inq's, I can't do anything about. I was going a bit app crazy late last year for the holidays without thinking. But the UTI will be below 10% the next time I apply... Which I will probably wait 60 days to do. That will probably do the trick, I'm guessing.

---

You'll have to wait 30 days to re-app. I would consider waiting 6 months.

[enharu]

To OP: how many inquiries do you have on your ex?

Remember to get your free experience credit report using the denial letter. Utilization is tad too high and too many inquiries on ex I suppose.

[CEOriginal]

I'm leaning towards waiting longer as well. Now that I know how important # of inq's are, I don't want to waste another one on a "maybe".