AMEX recon

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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Battery111
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AMEX recon

Postby Battery111 » Sat May 10, 2014 3:07 pm

Ok. First of all, I know, Membersince99. You told me I should garden, I agreed. Then I didn't.

With that out of the way, I was really interested in the Everyday Preferred. App'd, and instant decline. Got my letter today, and one of the reasons was balance to available credit ratio. Also, and no surprise, length of history with AMEX and AAoA.

It showed the date of the Experian pull they did as 16 April. Since that date I've paid off about $7,500 bringing my util down significantly. I pulled the free report you get as a consolation prize with such letters and found that my balances are now reflecting the accounts as being paid off.

I also noticed that AMEX SP'd me just five days ago, and I believe my experian report reflected the balances as paid off as of that SP. So armed with this knowledge I decided to recon. I got India, but I could clearly understand the guy and he was very friendly. He is submitting it for review citing the reasons I detailed above. I'm just curious how likely it is this will make a difference in their decision, and how likely this is to result in a HP. They didn't HP me for my app.

Additionally, NFCU has recently more than doubled my CC limit to $14k and increased my checking LOC from $500 to $15k. Unfortunately those are not yet updated with experian, but if they call me I'm wondering if they would accept documentation from me proving this, or if they even care.
Citi AAdvantage Executive World Elite MasterCard
AMEX Platinum
AMEX Everyday Preferred
USAA AMEX
Discover IT
Chase Freedom
Chase Sapphire Preferred
NFCU nRewards Visa


MemberSince99
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Postby MemberSince99 » Sat May 10, 2014 4:34 pm

Usually when I say that I'm joking. Usually.


I've tried to recon with them and never been successful (not even once, and tried numerous times) but some people are but I'm told it's usually when there is an issue with your report (something on it that is incorrect). Good for you for trying, please let us know how it turns out.


I don't think they will need anything from you they can get what they need on their own I would think. Good luck!

Battery111
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Postby Battery111 » Sat May 10, 2014 4:57 pm

Online the status has changed from declined to "in progress" , so at least I know the guy I talked to in fact resubmitted it for review. I'm not holding my breath, but figured I had little to lose by trying.

Also, both CLI's from Navy Fed were SP, so at least there's that.
Citi AAdvantage Executive World Elite MasterCard
AMEX Platinum
AMEX Everyday Preferred
USAA AMEX
Discover IT
Chase Freedom
Chase Sapphire Preferred
NFCU nRewards Visa

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djrez4
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Postby djrez4 » Sat May 10, 2014 6:29 pm

I've had two successful recons with Amex. They say they only recon on new credit information. I had none so I appealed to emotion and threw in the family tradition angle (dad's been a member since '74). It worked.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

MemberSince99
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Postby MemberSince99 » Sat May 10, 2014 6:33 pm

That actually worked? Wow. I would have thought that was as likely to succeed as the old line "sure I'll respect you in the morning". Shows what I know.

takeshi
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Postby takeshi » Mon May 12, 2014 10:33 am

Battery111 wrote:if they call me I'm wondering if they would accept documentation from me proving this

I doubt it given how they verify income.

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djrez4
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Postby djrez4 » Mon May 12, 2014 10:45 am

MemberSince99 wrote:That actually worked? Wow. I would have thought that was as likely to succeed as the old line "sure I'll respect you in the morning". Shows what I know.


I went back and looked at the letters. I guess I threw a little credit info at them as well.

The first time, for my first Amex Gold, I wrote this:

To Whom it May Concern:

I was surprised to receive an online denial of my recent American Express Gold Card card application, reference #XXXXXXXXXX.

I am asking you to reconsider your decision based on the following information:

I am employed, full time, as an attorney with *****, in Golden, Colorado, and have an annual, gross income of $*****. I began there as an independent contractor and was hired on, full-time, after proving my value to the firm.

American Express has been a part of my family since my dad became a member in 1974. I've grown up knowing the benefits of membership. I would like to become a member, for myself and for the family that my wife and I plan to start soon.

I currently use my debit card for daily spending, totaling around $2000 per month. It had rewards points until the recent federal legislation that eliminated them. I would like to transfer my everyday spending to an American Express Gold charge card, earn rewards points for my purchases, and build a relationship with American Express that I can take with me as my career and family grow.

The following two revolving credit accounts are not currently appearing on my Experian credit report. Both are current, payed as agreed, with zero-balances.

1) Amex/Dsnb 9111 Duke Blvd Mason OH 45040-8999 : (800) 243-6552
Account Number - ********
Date Opened - 05/2010
High Credit - $115
Credit Limit - $8,000
Terms Frequency - Monthly
Months Reviewed - 14
Balance Amount - $0
Status - Pays As Agreed;
Type of Account - Revolving;
Type of Loan - Credit Card;
(Per Equifax report, dated 07/21/2012)

2) Chase Freedom Visa
Account Number - ********
Date Opened — 07/2012
Credit Limit - $5000
Terms Frequency — Monthly
Balance Amount - $0
Status - Pays As Agreed;
Type of Account - Revolving;
Type of Loan - Credit Card;
(Not yet reported)

On my report, you can see seventeen student loan accounts that I have fully paid and on which I was never late. You can also see three further revolving credit accounts: two from WFNNB/Trek and one from Capital Bank. All three were never late and always paid as agreed.

I have not missed a payment on a loan or credit card in over three years and I intend to keep it that way. There are two negative items on my Experian report. Both are paid in full: the earliest, from Capital One, paid three years ago; the latest, CAC Financial, a medical bill from 2005 that my medical insurance told me they covered but that I have paid.

Very truly yours,
djrez4


The second time, for my Blue for Business, I wrote this:

To whom it may concern:

Please reconsider my application, number XXXXXXXXXXXUSD for the American Express Blue for Business card. American Express listed as the reason for denying: too many recent credit inquiries were recorded on my credit report. What American Express may have failed to recognize, because it’s not clear on a credit report, is that four of the inquiries were for mortgage shopping (Chase 5/24, Credco 5/24, Advantage 5/22, Informative Research 5/21). That presents an inflated number of inquiries. I request that you manually review the application. Thank you.
djrez4


You can see I put a bit less effort into the second one. I had less riding on it.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]

[/RIGHT]

Battery111
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Location: Lawton, ok

Postby Battery111 » Tue May 13, 2014 6:50 pm

So just as a [non]update, status still shows in progress online. Do you think I should call tomorrow to follow up, or just wait it out and see?

Truth is I'm not hurting for the card. I just wanted to get my foot in the door with Amex on a revolver.
Citi AAdvantage Executive World Elite MasterCard
AMEX Platinum
AMEX Everyday Preferred
USAA AMEX
Discover IT
Chase Freedom
Chase Sapphire Preferred
NFCU nRewards Visa

Battery111
Centurion Member
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Posts: 284
Joined: Wed Apr 09, 2014 9:40 pm
Location: Lawton, ok

Postby Battery111 » Wed May 14, 2014 5:42 pm

Well, I called and it looks like they've chosen to stick by declining me. I knew it was a long shot, but figured I had little to lose. Here in a couple months my utilization will be much lower than what they initially saw when they made their decision and therefore my score will be higher. I'll give it 90 days then reapply.
Citi AAdvantage Executive World Elite MasterCard
AMEX Platinum
AMEX Everyday Preferred
USAA AMEX
Discover IT
Chase Freedom
Chase Sapphire Preferred
NFCU nRewards Visa

Dman316
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Location: Pittsburgh, PA

Postby Dman316 » Sun Jun 01, 2014 6:24 am

Battery111 wrote:Well, I called and it looks like they've chosen to stick by declining me. I knew it was a long shot, but figured I had little to lose. Here in a couple months my utilization will be much lower than what they initially saw when they made their decision and therefore my score will be higher. I'll give it 90 days then reapply.


There ya go!
My Cards

Chase Freedom Visa Signature: $5.2K
Capital One Quicksilver Visa: $7.5K
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