CarefulBuilder14 wrote:When you say you maxed out your credit card a few months ago, did you go over the limit? Or just very close to it? Issuers often do report a card's high balance, even if it's a mid-statement balance.
1. You're probably already opt-in for credit offers by default, which is good in your case. If you're currently opt-out, change that. Go to optoutprescreen.com and opt in. Amex does occasionally mail good signup offers to prequalified customers. If you do get a special prequalified offer from Amex, it will be an indication that your odds are better, but you don't absolutely need one to apply.
2. Wait to see what Amex's reasons are for denying you PRG. It could be an insufficiently short history, or only experience with one low CL, or the fact you had very high utilization only a few months ago.
I did not go over the limit, just got very close to it. I had just moved to the US and had many expenses the first 2-3 months. My credit was close to 690 and went down almost 30 points. From that moment I never used more than 15% of my credit & always PIF way ahead of time and my SC improved drastically. I recently joined the 700 club.
I am sure the reason why they denied me is because of short history. I am waiting to see the report!
Also I only have one credit card account, that might be another reason why I was denied. I am currently looking to open a new account but there are so many CC out there, its a little overwhelming.
One question though, when I applied for the PRG and got denied, did that have a negative affect on my credit score or will it remain the same?
Thank you all for your answers!!!