Did you all have EXCELLENT credit when you applied?

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Elijahmex
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Did you all have EXCELLENT credit when you applied?

Postby Elijahmex » Thu Oct 08, 2015 4:40 pm

The question is specifically for charge cards. I am also curious to know how many CC you had when you applied and length of credit history if that's not too much to ask for.


I applied last month for a PRG and was denied bc of the following reasons
(1) Derogatory mark on my report -> has been removed from TU & the other 2 in the last 2-3 weeks so my record looks clean now :lift:
(2) Too few accounts -> only have 1 cc, still trying to figure out what to get next
(3) The length of time my accounts have been established -> It's only been 8 months
(4) There is no recent information about installment loans on your report -> What does this mean?? It's bad that I do not have loans???
(5) Too many inquiries in the last 12 month -> This human at Macy's ran my credit twice when I told her I just wanted the store card and NOT the CC and that is what appears on my CR. Other than that, the Amex is the ONLY thing I applied for

I am thinking about opening two accounts by the end of the year before I app again with AMEX sometime next year. Other than reason #2 and maybe length (but i've heard people got in with 6.5/7months of credit) I don't see why I would be denied again. In 8 months I went from a 580 to a 703 TU, no late payments, CC utilization is good, pretty much on the right path to greatness IMO :ppp

What are your stories and your thoughts??
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CarefulBuilder14
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Re: Did you all have EXCELLENT credit when you applied?

Postby CarefulBuilder14 » Thu Oct 08, 2015 5:41 pm

Got PRG with two cards and 6.5 months of clean history.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

Elijahmex
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Re: Did you all have EXCELLENT credit when you applied?

Postby Elijahmex » Thu Oct 08, 2015 6:21 pm

CarefulBuilder14 wrote:Got PRG with two cards and 6.5 months of clean history.


Nice lucky you!
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CarefulBuilder14
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Re: Did you all have EXCELLENT credit when you applied?

Postby CarefulBuilder14 » Thu Oct 08, 2015 6:33 pm

Elijahmex wrote:
CarefulBuilder14 wrote:Got PRG with two cards and 6.5 months of clean history.


Nice lucky you!

My case is not unusual. A lot of people get an Amex with a thin, clean file.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

Elijahmex
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Re: Did you all have EXCELLENT credit when you applied?

Postby Elijahmex » Thu Oct 08, 2015 6:42 pm

CarefulBuilder14 wrote:
Elijahmex wrote:
CarefulBuilder14 wrote:Got PRG with two cards and 6.5 months of clean history.


Nice lucky you!

My case is not unusual. A lot of people get an Amex with a thin, clean file.


So I hear.

Mine is really thin though with only 1 CC. Add to that I had a derog mark from 2010-11 which has been deleted thank god so hopefully next time I'll get it!
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CarefulBuilder14
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Re: Did you all have EXCELLENT credit when you applied?

Postby CarefulBuilder14 » Thu Oct 08, 2015 6:48 pm

Elijahmex wrote:So I hear.

Mine is really thin though with only 1 CC. Add to that I had a derog mark from 2010-11 which has been deleted thank god so hopefully next time I'll get it!

What kind of derog?

Did the derog only recently appear? You hadn't checked your credit for a long time before applying for the Amex? Or you thought it was old enough to not be a big deal?
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

Elijahmex
Centurion Member
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Posts: 180
Joined: Mon Sep 29, 2014 1:10 am
Location: EURO-US

Re: Did you all have EXCELLENT credit when you applied?

Postby Elijahmex » Thu Oct 08, 2015 6:58 pm

CarefulBuilder14 wrote:
Elijahmex wrote:So I hear.

Mine is really thin though with only 1 CC. Add to that I had a derog mark from 2010-11 which has been deleted thank god so hopefully next time I'll get it!

What kind of derog?

Did the derog only recently appear? You hadn't checked your credit for a long time before applying for the Amex? Or you thought it was old enough to not be a big deal?


It was a civil court case claiming that I owed 1,497$ to capital one since 07/2010 however (1) I am a US citizen. Left in 1994 and came back in 02/2015 & (2) Never had an account with CapOne until 02/2015. I did not find out about this until this past summer when I ordered my free credit reports. Called TU, EX & Equifax and asked to lauch investigations thinking it was ID Theft and within 10 days it was removed from all 3.
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rockyrock
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Re: Did you all have EXCELLENT credit when you applied?

Postby rockyrock » Fri Oct 09, 2015 9:03 am

Amex charge card was my second card on my last credit rebound. Currently my oldest continuous account.
American Express (2005): Premier Rewards Gold & Blue Cash Preferred
Chase: Freedom & UA Club USAA: Signature Visa & American Express
Discover it Bank of Hawaii Hawaiian Airlines WEMC Synchrony Sam's MC
Navy FCU Platinum Visa Citi Double Cash & AT&T Access MC

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CarefulBuilder14
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Re: Did you all have EXCELLENT credit when you applied?

Postby CarefulBuilder14 » Fri Oct 09, 2015 12:35 pm

I'd also add that even with a prequalified PRG invite for 50k MRs (which was better than the general public offer at the time), I was not instantly approved. The Amex website had approved me by the next morning, though.

rockyrock wrote:Amex charge card was my second card on my last credit rebound. Currently my oldest continuous account.

What baddies did you have at the time, and how old were they?
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

Vermonster
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Re: Did you all have EXCELLENT credit when you applied?

Postby Vermonster » Fri Oct 09, 2015 7:37 pm

you might want to call Amex and ask for a recon. They only do it in the case of a significant error or change. Explain that you had a chargeoff that was found to be incorrect. They might give you a second look.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k



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