Denied for AMEX :(

[Anonymous]

I was denied an AMEX today sadly. I recently applied for 2 credit cards in August and one in July. I had a year of credit history and picked up a second job this month. Never missed a payment and paid in full. Also, never above 30% utilization. Is it because of the inquiries in such a short time? Should I apply later on? I'm trying to be approved for a student loan in August next year so I want to build credit, not hurt it by credit denials.

Thanks!

[Anonymous]

What Amex did you apply for?

[Anonymous]

I applied for the Gold. Could that be it?

Income $30,000 

TU: 699 Experian: 702 EQ: 680

[abundancejones]

Hurry up and apply for the Delta Gold Skymiles. They will use the same pull..you should be able to get that card since it is the easiest to get. 

[Anonymous]

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@Anonymous wrote:

I applied for the Gold. Could that be it?

Income $30,000 

TU: 699 Experian: 702 EQ: 680

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Have no clue. I could only speculate obviously, but based on lurking on these forums for years, I'd guess it's due to your short 1-year history + recent accounts opened. Your scores are actually 50 pts higher than mine when I was approved for the Amex Green charge card (which I believe has similar, if not the exact same, underwriting criteria to the Gold). I just wondered if you applied for a charge card or revolver. By every account I've read, charge cards (like the Gold) are easier to get.

Also to abundancejones' point, I don't think you can apply for another Amex card for some time (30 or 60 days) once you've been denied. You'll actually get a message to this effect, and Amex will just cancel your second app. I think the trick abundancejones is thinking of applies when you've been approved.

[abundancejones]

No, you are allowed to apply for a charge and a revolver on the same day with the same pull. You just can't apply for the same card for 30 days.

[Anonymous]

Call the excutive office and try to recon. im calling tomorrow morning as they dont approve me either.

[Anonymous]

What is your total of all credit lines, school loans, car loans, mortgage?

Honestly, they might just think you are at your max at 30%, especially if you have a lot of credit floating out there.

[09Lexie]

Until you know the reasons for denial, there is no need to call the EO/recon.  Also, keep in mind Amex is not recon friendly.  You would need to show that the credit report they pulled had errors for a successful recon.  Explaining why you had a high number of inq's would not matter to them unless they were coded incorrectly (ie auto shopping) or not yours.

[Anonymous]

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@abundancejones wrote:

No, you are allowed to apply for a charge and a revolver on the same day with the same pull. You just can't apply for the same card for 30 days.

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Ah, sorry. My mistake then.