Getting An AmEx Zync after chapter 7 bankruptcy?

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md1984
 
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Getting An AmEx Zync after chapter 7 bankruptcy?

Postby md1984 » Tue Oct 11, 2011 9:32 pm

I'm debating applying for an AmEx Zync but I'm not sure if I would be approved.

Two years ago I filed chapter 7 bankruptcy. Before I filed, I had an AmEx Green Card. Now I have two credit cards 1) $700 limit 2) Authorized User on SPG AmEx $36,000 limit. My credit scores are 648/669/668. My annual income is $120K.

Should I bother applying or should I wait longer? Thanks!


shadowman024
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Postby shadowman024 » Wed Oct 12, 2011 8:41 pm

Ive heard amex doesn't like bk, i just got a zync and make 30k a year score 659 according to amex site. Question is did amex get paid or not in bk.

Money card
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Postby Money card » Wed Oct 12, 2011 11:17 pm

The answer is you need to wait, it's only been 2 years. if your annual income is 120,000 why would you have problems paying your bills?

since you filed for chapter 7 I wouldn't apply for any credit card or charge card. only a debit card is what you should have.that spg card that somebody authorized you to have, I hope you are paying your part of the bill.

no applying for any cards and no getting any more cards except a debit card until chapter 7 comes off your credit report.

ooxs
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Postby ooxs » Fri Oct 14, 2011 8:35 pm

American Express will never issue a card to someone with chapter 7 that was filed with-in the past seven years. Another way to qualify for guaranteed denial is to own them money are include that in your filing.

For the next few years you need to stick with Capitalone, Householdbanl, merrick bank & Junniper

CC Deville
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Postby CC Deville » Fri Oct 14, 2011 10:17 pm

Was the Green card included in your bankruptcy? If so, don't waste the inquiry, you would have a better chance of finding a three-legged ballerina than getting back into their good graces.

If the Green was not included, you may try their pre-approval directly from their website to see if it may offer you something. I have to agree with everybody else though; that bky is too fresh to be approved for a prime card like Amex. A good indication on when you should apply again is when you are getting $3K+ credit lines from prime banks on your own (not as auth user). Provided you did not include Amex in your bankruptcy, you could apply three years from now and they should backdate your new Amex to your original Member Since date. You may want to be sure that you have your original account number handy just in case so the new card can be backdated.

Money card
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Postby Money card » Fri Oct 14, 2011 11:11 pm

CC Deville I can answer your question. Md 1984 had the green card before he/she filed for chapter 7.

ooxs
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Postby ooxs » Sun Oct 16, 2011 12:09 am

LOL Money, like CC was saying "don't waste the inquiry" but i have to admit i like the " three-legged ballerina" i think it was classic.

CC Deville
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Postby CC Deville » Sun Oct 16, 2011 6:49 am

ooxs wrote:LOL Money, like CC was saying "don't waste the inquiry" but i have to admit i like the " three-legged ballerina" i think it was classic.


:) I wish I could take credit for it. John Candy said it in a line in Planes Trains and Automobiles.

ooxs
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Postby ooxs » Sun Oct 16, 2011 11:45 am

Haha i heard it first from you, you are getting full credit :-)



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