@Dhani76 wrote:Hello, All....Chapter 7 was final 7/2021. Unfortunately I had an Amex Everyday card that was included (only a 500 limit). Today I called them & learned my outstanding balance at the time was only $386. I have worked hard this last year on re-building (thanks to much help from these forums). I was ready to pay in full but it turns out I have to mail in the payment. I was thinking wait a month or so & keep trying the pre-qualify tool. I have gone on to obtain some pretty decent cards (my credit union Visa 10,000 SL and Discover Miles (8000 SL). I'm satisfied with the mix of cards I have but ultimately I would like a hotel card & all of the hotels I prefer usually have an AMEX card. Can anyone share if they had a similar experience where they may have burned AMEX and worked their way back in? Or any advice would be great. Thank you!
I don't understand what you think you'd accomplish by waiting a month+ to pay the balance. As I see it, that certainly can't HELP your odds of getting back in. But maybe someone else knows something I don't know about this!
If it were me, I'd pay up right now, in full.
Then I'd wait a few months and start thinking about looking at their pre-qualification page.
Amex requires 5 yrs and 1 month from bk before you can apply with them. Longer if they were included. For that small amount, paying it off would be ideal to speed up the process after the 5 years are up.
@Dhani76 wrote:Hello, All....Chapter 7 was final 7/2021. Unfortunately I had an Amex Everyday card that was included (only a 500 limit). Today I called them & learned my outstanding balance at the time was only $386. I have worked hard this last year on re-building (thanks to much help from these forums). I was ready to pay in full but it turns out I have to mail in the payment. I was thinking wait a month or so & keep trying the pre-qualify tool. I have gone on to obtain some pretty decent cards (my credit union Visa 10,000 SL and Discover Miles (8000 SL). I'm satisfied with the mix of cards I have but ultimately I would like a hotel card & all of the hotels I prefer usually have an AMEX card. Can anyone share if they had a similar experience where they may have burned AMEX and worked their way back in? Or any advice would be great. Thank you!
Given that and based on AmEx rules as many have learned here, the earliest you'll even be able to apply and approved will be after 8/2026 as it is 5 years and 1 month after a BK before AmEx will consider you, as other have mentioned. It won't matter at all how many other credit cards you have received, what their SL's are or what your FICO scores are. That 61 months seems to be pretty much written in stone by AmEx. Even then there's no guarantee that you'll be off their Blacklist (it took me 19 years to get off of it and I didn't even file a BK against them or owe them any money when they closed my accounts) BUT going ahead and paying the amount you owed them IN FULL will certainly help with the Blacklist issue.
