Thoughts on Applying for AMEX BCE

[Anonymous]

Hi,

Just wanted to see if anyone has opinion on whether I could get approval for the American Express Blue Cash Everyday. 

Here are my current stats:

• Two Captial Ones, which I've had for a couple of years
• 59% percent utlitzation
• 662 FICO (Exp)
• Bankruptcy--discharged in 2010
• Excellent credit history for past 3 years
• Income $25,000/yr

I was looking to use the BCE for a balance transfer from one of my CapOne cards.

Any thoughts?

[09Lexie]

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@Anonymous wrote:

Hi,

Just wanted to see if anyone has opinion on whether I could get approval for the American Express Blue Cash Everyday. 

Here are my current stats:

• Two Captial Ones, which I've had for a couple of years
• 59% percent utlitzation
• 662 FICO (Exp)
• Bankruptcy--discharged in 2010
• Excellent credit history for past 3 years
• Income $25,000/yr

I was looking to use the BCE for a balance transfer from one of my CapOne cards.

Any thoughts?

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Welcome to the forum.  With util that high I would say your chances are slim to none.  In addition, the bk being less than 6-7 years old is another issue.  For Amex, you need to have a pretty clean file after a bk.  

[Leadberry]

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@Anonymous wrote:

Hi,

Just wanted to see if anyone has opinion on whether I could get approval for the American Express Blue Cash Everyday. 

Here are my current stats:

• Two Captial Ones, which I've had for a couple of years
• 59% percent utlitzation
• 662 FICO (Exp)
• Bankruptcy--discharged in 2010
• Excellent credit history for past 3 years
• Income $25,000/yr

I was looking to use the BCE for a balance transfer from one of my CapOne cards.

Any thoughts?

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I would say no chance.  4 years post-BK, FICO is too low, util is way too high.  I'd think you'd need to bring your util way down to even have a shot.

[Anonymous]

Thank you for a quick response!

I would say my report has been about perfect since the BK, which was filed in 2007 and discharged in 2010. Does that make difference to them?

[DaveSignal]

Amex is not a good card to plan for carrying balances either.

[Anonymous]

Thank you. What about Chase Slate? I am looking to transfer a balance off of one of the CapOne's. I plan on getting the util way down in the next few months.

[DaveSignal]

Chase Slate is a much better option and is probably what I would do if I needed a BT and wasn't a member at NFCU.  Thats what I would aim for, but get your uril down first.  It is still not going to be an easy approval.