Hi gl4662! 
Are those FICO scores you're posting, purchased from myfico.com? I'm asking because you can't purchase your Experian FICO score.
gl4662 wrote:
Here are the reasons for me being delinced for the Amex:
They said it was due to the following:
1. Opened too many new accounts (Only opened 2 last year Nov 2009 1. AMEX Delta Gold 2. Citi AA)
2. No recent revolving bank account information? What does this mean?
3. Length of time accounts have been established'
4. Ratio of the highest account balance to the sum of the balances on all accounts (what does this mean?)
Amex is a cautious creature. Even if you hadn't listed the reasons for decline here, one of the first questions people might ask is whether or not you'd recently opened other new credit. And, don't forget, you're still pretty "new" to Amex as well. They're still feeling you out, as you feel them out. According to Amex (the reasons you listed), they're skittish about your recently opened credit (it's considered to be a risk when a customer suddenly starts seeking new credit), it sounds like they are citing that they they've not validated your ability to pay/source of income for #2, they consider the age of your accounts to be on the young side, and that your utilization (balance to limit ratios) is on the edge of their comfort zone. Or, it could just be the rubber stamped "cuz we can".
gl4662 wrote:
So,
How much will my score go down now?
When can I apply for a new card again? (I have a citi AA card and an Amazon chase that I would like to replace with cash back cards, thus my reason for applying for new cards)
What's the best way to get my score back up?Any advice would be great, thank you in advanced
So, my question is with these inquiries on my Credit report and my current score, would it be okay to apply for another card? Are there any other good cashback cards that you guys can recommend that will give a higher CL and easy CLI's? Citi won't budge the CL.
Is it critical that you have new cashback rewards cards now? My advice would be to cool your heels for just a bit. Let your new accounts get some age and history behind them-- at least six months, but a year would be better. You've already opened the Citi AA card, it's on your reports, you've taken the hit for the INQ, the new account, and the lowering of your average age... just hold on to it for a bit. If you can't wait, then start looking at credit unions. There's tons of info in this forum about credit union card products. Is Chase still doing product changes? If so, that might be an avenue to pursue to get the Freedom.
You'll have to be more specific about what you consider to be a high credit line, and easy CLIs. I'm not even sure that combo exists in this day and age. Lenders are looking more closely than ever at your past and current levels of credit in making the decision on how much and how often to extend new credit.
