My current credit is excellent (one mortgage with a relatively low balance, a few credit cards with large limits but only one with a balance that is paid off every month and the average balance is about 5% of the total available balance), no car loans, no personal loans or any other credit account with a balance. My oldest credit card goes back to the mid 80's.
I had an Amex from 1986 to 1997, it was closed with a delinquent balance though it was paid off shortly thereafter.
I have not applied for any new credit in four years.
In 2005 I applied for an Amex (the credit situation back then was very good, the only difference with present time was I had some relatively large balances). I was turned down with the reason given as a negative prior experience with Amex.
What are the chances of getting approved now?
SteveT wrote:I think your chances for approval is very good, based on your stated current situation. I am surprised they declined you in 2005. Once you paid Amex off in full, the "past" experience is a non issue.
amexcurious wrote:I applied today, and got instant approval. Kind of.
The online process ended with "to complete your approval process you must call us". A moment later I got an email saying I needed to call to verify the my home address. While I was on hold, I got another email saying I had been approved. And when the CSR came online, she told me I had been approved with a 25K credit line.
It's too bad I waited to apply, we're going on a trip for a week starting Sunday, it woulHd've been nice to have the card before departing. I asked about possibly getting the card sooner, but the woman said it wasn't possible to expedite it.