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Which card to app for next?

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Contributor

Which card to app for next?

I recently got denied for an AMEX BCP because of a low TU score of 682. I had a baddie on my CBR and 0% util on my CC (I forgot I had the 0%util when I apped). The baddie was a car repossesion that was settled for less than the full amount and has now been removed from all three CRAs (still need to check to make sure). I will show a util of about 8 or 9% after my CC statement closes on the 20th. So I will be ready to app again whenever I would like.

 

I currently have an Auto (Harley) loan, a personal loan through my CU, and a Target VISA CC with a $5900 CL. I should now have zero late payments. I have an AAoA of about 7 years. I have 8 accounts showing on my CBR. I rent so I don't have a mortgage. I make about 49000 a year.

 

I REALLY want the AMEX BCP for the rewards. Should I apply again this soon? Will AMEX even let me and if they won't then how long do I have to wait?

 

The alternative is I want a low APR CC and I can get one with a 9.9% fixed APR through my CU.

 

Should I try for the AMEX BCP again or should I get the low APR CU card and wait about 6 months before applying for the AMEX?

Open Credit Cards:   Target Visa/5900CL    |    AMEX BCP/6000CL
Latest Credit Scores:   780 TU (2011-08-01)
Credit Score History:   708 EQ (2011-07-01)    |    682 TU (2011-06-30)    |    693 EQ (2010-05-21)
Message 1 of 14
13 REPLIES 13
Frequent Contributor

Re: Which card to app for next?

they check TU? what state do you live in? Do they pull EX too?
if all baddies fall off from all your report, you should try recon. They will withdraw previous INQ and pull the new report.
Message 2 of 14
Contributor

Re: Which card to app for next?

They checked TU and EX, according to their reason for denial website. I live in TX. I haven't looked at the pulls on my CBRs yet to verify.

 

Hmmm... I would not have thought they would do a recon where they retract the previous inq and pull the new one.

Open Credit Cards:   Target Visa/5900CL    |    AMEX BCP/6000CL
Latest Credit Scores:   780 TU (2011-08-01)
Credit Score History:   708 EQ (2011-07-01)    |    682 TU (2011-06-30)    |    693 EQ (2010-05-21)
Message 3 of 14
Contributor

Re: Which card to app for next?

How much time do I have to recon? I would like to wait until my next Target VISA statement closes and more than 0 util on my CBR. That should raise my score another few points and make it even more likely for me to get the card and a better CL.

Open Credit Cards:   Target Visa/5900CL    |    AMEX BCP/6000CL
Latest Credit Scores:   780 TU (2011-08-01)
Credit Score History:   708 EQ (2011-07-01)    |    682 TU (2011-06-30)    |    693 EQ (2010-05-21)
Message 4 of 14
Frequent Contributor

Re: Which card to app for next?

If all baddies are removed from all 3 reports, your score should be in mid to high 700s. There is no need to wait. Your Aaoa is good enough. I wouldn't wait more than 30 days because recon might cause another pull like new app.
Message 5 of 14
Regular Contributor

Re: Which card to app for next?

they check TU? what state do you live in? Do they pull EX too?
if all baddies fall off from all your report, you should try recon. They will withdraw previous INQ and pull the new report.

 

 

What is RECON?


Starting Scores(Jan/2011): EQ 564 TU 538 EXP 576
Current Score: EQ 692 TU 728 EXP 710 (Quizzle FAKO)Goal Score: 720


Wallet: Grow Visa 500, Capital One MC 2000, Capital One MC 1250, Paypal MC 3000, Jared 10500, Kay 2000, Walmart 2050, TJX Rewards 1200
Message 6 of 14
Established Contributor

Re: Which card to app for next?

Recon= Reconsideration

Amex BCE $11.1 / Citi Diamond Preferred WMC $12K / Citi Double Cash WMC $3.8K / Comenity Total Rewards Visa $2.5K / Citi Home Depot $5K / AU- Amex BCP $12K / Chase Freedom Visa $11014.00 / PenFed Platinum Rewards Visa Signature $6K / GE Lowes $10K
myFico Scores on 10/03/2014
Eq 798 / Exp 811 / Trans 814
CCT Fico 08 on 1/3/16 - Trans 786 / Exp 793 / Eq 797
Message 7 of 14
Contributor

Re: Which card to app for next?

I called them back for a RECON and they gave me thirty days from today to fax an updated TU credit report. They said to get it from TU so I'll use my free pull from being declined. I'm going to wait until after the 1st to request it. That way it'll have my utilization around 8% instead of $0.

Open Credit Cards:   Target Visa/5900CL    |    AMEX BCP/6000CL
Latest Credit Scores:   780 TU (2011-08-01)
Credit Score History:   708 EQ (2011-07-01)    |    682 TU (2011-06-30)    |    693 EQ (2010-05-21)
Message 8 of 14
Contributor

Re: Which card to app for next?

So, I submitted my updated credit report and waited a few days. I just looked online again at the application status and it says I'm APPROVED!!!!    I'm so happy. Wooo Hoooooo!!!!!!!!! I can't wait to get the card in the mail. I wonder what the credit limit is? Is that something they put in the mail with the card or do I need to call them about it?

Open Credit Cards:   Target Visa/5900CL    |    AMEX BCP/6000CL
Latest Credit Scores:   780 TU (2011-08-01)
Credit Score History:   708 EQ (2011-07-01)    |    682 TU (2011-06-30)    |    693 EQ (2010-05-21)
Message 9 of 14
Frequent Contributor

Re: Which card to app for next?

Congratulation! 

Message 10 of 14
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