How much does relationship with Amex help...

[Anonymous]

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@UncleB wrote:

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@Anonymous wrote:

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@Andy77 wrote:

So I just got approved for the Plat card and using the same pull get declined for the Blue Cash Everyday...only reason for decline was "score was not high enough, it was 645)

My question...if I use the plat card and obviously PIF, how much of a bearing on other Amex products does my internal history with them have as far as getting approved for other cards with them ?

Thank you

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You need 650 to get the BCP. I was in the same position and as soon as I got my EX to 650 I was approved for BCO with $5K SL

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That isn't set in stone... there have been plenty of people on here who have scores higher than 650 who have been denied for the BCP.  

On the other hand, there have been a few outliers who have reported getting a BCP/BCE with scores under 650... it's really YMMV with Amex depending on your overall profile.

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I stand corrected then, but I was denied at 629 and my profie didnt change within 3 days except my score went up to 650 and got approval for BCP. I guess that's a data points to share....

[Anonymous]

From my experience relationship has a minimal impact overall. Today I called amex to cancel and to my surprise they said they wanted me to stay and offered 100 statement if I spend 1000 within the next 3 months. I took the deal and will def pay in full. Usually it's super easy to cancel with amex but this time they somewhat acted like my past 20 plus positive year relationship made a difference.

Two factors that seem to trump everything else.

1) they trust that you will pay them back
2)you are profitable to them

An amex credit analyst told me if you meet those two criteria amex will go out of there way for you within reason

[Anonymous]

Forgot to mention, a few late payment and my relationship with them for 20 plus years gets cancelled out pretty fast.

[Curious0ne]

I have the PRG but denied the BC. My EX is higher than the stated 650, a lot higher. I'm sure there's things in my profile that are to blame. Many accounts, a late from 3 years ago, many inquiries, who knows.

[Anonymous]

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@Curious0ne wrote:

I have the PRG but denied the BC. My EX is higher than the stated 650, a lot higher. I'm sure there's things in my profile that are to blame. Many accounts, a late from 3 years ago, many inquiries, who knows.

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I dont understand it then... I have 9 NEW accounts, 23 New Inquiries, 4 Collections at that time, 4 derogs 120+ late from Student loans. The only positive thing I see is that I have AAoA of 9 years 11 months after the new additions of the 9 accounts, my UTI was 11%. I have a paid mortgage, but NO Auto loan. 

[Anonymous]

It will help yes if you apply for one of their credit cards first, do your payments on time etc. In my story I applied last year for the Amex blue card everyday, and this year I applied for the Amex everyday and in June I received a invitation for the platinum, but not for me, I don't travel and don't live a fancy live, plus not paying $499, so being a loyal Amex will help indeed.

[Anonymous]

I was wondering this the other day. I currently have had my two AMEX since around '14 but I'm looking into other options. I was told I could convert into the BCP but am holding out for the PRG. I know I need a good profile, but hopefully being a good customer doesn't hurt either.

[Anonymous]

From my experience, relationship makes a HUGE difference. Not only with Amex but other lenders as well.
It's absurd to think that several years as a loyal customer that spends several thousand dollars a year and always pays on time counts for nothing. Of course your overall profile does count but it also counts when you spend lots of cash with these banks. I will NEVER believe that an existing relationship doesn't count... Total BS

[Anonymous]

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@Anonymous wrote:
From my experience, relationship makes a HUGE difference. Not only with Amex but other lenders as well.
It's absurd to think that several years as a loyal customer that spends several thousand dollars a year and always pays on time counts for nothing. Of course your overall profile does count but it also counts when you spend lots of cash with these banks. I will NEVER believe that an existing relationship doesn't count... Total BS

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Well, you can look at many many posts that suggest it doesn't.    "Loyal customer" rarely means very much, you tend to have a long-term relationship because you both benefit.   A real loyal customer wouldn't complain when the issuer nerfs the card, cuts your CL, raises your APR and generally treats you badly, that's what loyalty means, and I think you will find very few such people here.

You will see here many examples of people applying for a card from a bank with no prior relationship, whereas others, with a long term relationship, get denied.   Also cards closed "for no reason"  (AMex forum is full of these complaints: :"I;ve been a loyal customer for 25 years and .[Amex terrible thing]"  Other factors predominate.

Most companies today have risk analysis in the short term: is this customer going to be (or continue to be profitable) and is the risk acceptable.    Now a long history of on-time payment could help the perceived risk factor, but any change, suich as one or two lates (as mentioned above) and all bets are off.

It's very easy for any of us to generalize way too much from individual experiences (Card X is easier than Card Y, Bank A hates you carrying balances etc) because we do not know which factors REALLY made the decision go one way or the other.  

[Anonymous]

I can't say, because my first Amex is only 2 months old, but between June and July they approved me for 2 charge cards, 2 personal revolvers, and a business revolver.

Nobody else has done that, certainly not Chase lol