Credit card application rejected

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iadam
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Credit card application rejected

Postby iadam » Wed Jun 09, 2010 10:18 am

So, I applied for the American Express blue card and I was rejected. However, I've been approved by capital one, bank of america, jc penney, and discover in the past. I have never missed a payment and I always pay my credit cards on time and more than the minimum payment. My credit score is 706 or a bit more than that....

Is there any way that I can appeal this credit card rejection or get approved?


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alsteig
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Postby alsteig » Thu Jun 10, 2010 11:38 pm

It sounds like you have all low end cards in the past, and lots of them. Have you had any other credit problems IE: Lates, BK, etc. the 706 is ok but not great. Generally Amex likes 740+. Maybe try getting with your own bank backed card like Wells, Chase or Bank of America. Get your utilization ratio in check, with some decent lines on the cards. Then try again. Assuming you did this I would wait around 6 months and try again. You can try and ask them to review it but I highly doubt you will get a different response.

iadam
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Postby iadam » Sat Jun 12, 2010 12:23 am

Nope, I've always paid everything off on time and I always pay way more than the min. payment... if amex is 740+ then that's probably the reason why I was rejected.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Sat Jun 12, 2010 9:30 pm

Alsteig is right. And don't apply for any more store cards ever again. Saving 10% on today's purchase is not worth having that on your credit file for years to come.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

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Cucumber
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Postby Cucumber » Thu Jun 17, 2010 5:24 pm

I know someone with an 807 that was given just a 2 thou limit on the Blue :eek: That was last summer and they have loosened up since then but still...
OBAMA
Stop talking crap about him!

Floppster
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Postby Floppster » Sun Jun 20, 2010 10:27 pm

Have you ever thought about the fact that you may have to many cards and they simply can't allow you credit due to the credit income ratio ?
Intellectuals solve problems. Geniuses prevent them.
- Albert Einstein 1879-1955

creditkid
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slow on your apps

Postby creditkid » Mon Jun 28, 2010 11:59 am

you might have applied for too many credit cards to close to each other, thus making your credit look shady (sorry can't think of another term at the moment) to Amex. So git it 4-6 months then try again. Also Amex is trying to really really slow on their credit card business.



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