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  1. #1
    Green Member
    Join Date
    Nov 2012
    Location
    nyc
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    2

    Default How should i approach Amex for reconsideration?

    Hi all,

    Please dedicate some of your valuable time and help me out.

    I've just started getting out of deep waters, my credit score and history look above average.
    TransUnion: 749
    Equifax: 748
    Experian: don't know yet.

    I currently have Wells Fargo and Capitalone. I applied for Amex (blue everyday cash)and got denied. the letter(online version) says:

    "...Thank you for applying for the Blue Cash Everyday(SM) Card. We're writing to let you know we cannot approve your application at this time because American Express cancelled your previous account(s)."

    Yes I did have a card with them before and it did go to collection before.
    I'm 23 with a limited credit history, 743 FICO. I have an AMEX Gold charge card that I've had for a couple of months now. I'm looking for a credit card that offers cash back as I will only be using it when my AMEX isn't accepted. What's the best card for me?

    Any insight would be welcome, appreciate your time.

    4maticml350
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  2. #2
    Platinum Member
    Join Date
    Oct 2012
    Location
    Atlanta, GA
    Posts
    66

    Default

    You had an AmEx that went through collections, and they allowed you to get a Gold card?

    Did you default on any other credit accounts?

    By the way, you will get a letter in the mail in the next 5-7 days that will give exact reasons for why they denied you, but you often have to read between the lines.
    \\Eighteen year old looking to maximize credit, for myself and others.

    American Express Zync
    American Express Delta Reserve
    Chase Sapphire Preferred
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  3. #3
    Centurion Member Snowman's Avatar
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    May 2012
    Location
    North Los Angeles County
    Posts
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    Default

    Also, that collection account is paid off right? I am surprised they gave you a charge card, even though you have burned them. I would venture to say that once the collection is off your report, then try for it again. But remember, like Chase, they have the memory of an elephant so tread carefully if you want that card.
    Cards And Credit History
    Bank Of America: BankAmeriCard Cash Rewards (3% Gas, 2% Grocery, 1% everything else). 4/25/12-1,000$ (CLI Increase on 6/15/13)
    Citi: Forward (SM) Card (5x points on Restaurants, bookstores, music stores, video rental stores, movie theaters, 1 point for everything else.) 10/27/12-3,000$ (SP CLI 2/8/14)
    Discover: More. 10/27/12-1,500
    Amex: PRG.- 11/24/12 (Closed 12/13/13) Amex BCE.2k-12/7/13. Amex SPG-4k.-12/8/13
    Chase: Freedom-2,400-5/1/13. Southwest Rapid Rewards Plus- 3,600- 6/15/13.
    Future Cards
    Marriott Premier Rewards
    American Airlines AAdvantage Gold
    Chase Sapphire Preferred
    Fidelity Amex
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  4. Green Member
    Join Date
    Nov 2012
    Location
    nyc
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    Default

    Snowman, please lay on more insight.

    I didn't do the right job of explaining my situation in my first post here.
    Let me try again:

    Ok, I am in Amex's bad records(they cancelled my card 8 years ago) because I never paid off(college, unstable, too young to get a card to begin with, of course my fault).

    It doesn't look like to me that they ever sent my account to collections. They just "cancelled" after making efforts to collect the amount with me. I have been outta college now and I am more responsible, I do know the value of credit(the hard way).

    How should I approach Amex? If I just call them and pay off some 2k I owe, are they going to make this 8 years old record in my report current? That's will be a bad thing. If I just let it be like that then my report doesn't become current(hence record remains good) but I can not get their card.

    Please suggest.
    Again, Sorry about mis-explaining earlier. I appreciate your time / insight / effort.
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  5. #5
    Centurion Member Snowman's Avatar
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    Default

    Well, if you didn't pay them off, and it goes beyond (I believe it is 60-120 days) they charge off your account, and most likely they sell the account to collection agencies. If you made good with them and paid off the 2k that you owe, then you should see a paid something.. (there is a term on your credit reports, but I forget what it is called.) And I do not believe that they will make it current, because it's already been on your report. Just pay it off, wait a little while (2-3 months) and then apply for their cards and see what happens. Amex has plenty of members that burned them, and they have a very good memory and system of remembering how, why, and when they were burned, along with all the major creditors. Just try to get in their good graces by making good with them and they might let you have a second chance with them. If your report is otherwise clean, then you should be okay. Other then that, do you have any other baddies or derogs on your CR's? cause it can come back and haunt you.
    Cards And Credit History
    Bank Of America: BankAmeriCard Cash Rewards (3% Gas, 2% Grocery, 1% everything else). 4/25/12-1,000$ (CLI Increase on 6/15/13)
    Citi: Forward (SM) Card (5x points on Restaurants, bookstores, music stores, video rental stores, movie theaters, 1 point for everything else.) 10/27/12-3,000$ (SP CLI 2/8/14)
    Discover: More. 10/27/12-1,500
    Amex: PRG.- 11/24/12 (Closed 12/13/13) Amex BCE.2k-12/7/13. Amex SPG-4k.-12/8/13
    Chase: Freedom-2,400-5/1/13. Southwest Rapid Rewards Plus- 3,600- 6/15/13.
    Future Cards
    Marriott Premier Rewards
    American Airlines AAdvantage Gold
    Chase Sapphire Preferred
    Fidelity Amex
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