How come AmEx seems to be the only one actually trusting me?!?

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Dr.Mark
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How come AmEx seems to be the only one actually trusting me?!?

Postby Dr.Mark » Tue Mar 25, 2014 1:45 pm

Hey guys. I'm living a sort of weird situation.
I've had my Amex green for a year now. I received my Amex Gold Preferred rewards a few days ago, today I received my Amex Platinum cashback and I got accepted for the British Airways American Express. So, apparently, Amex is SERIOUSLY trusting me.
But in the last few days I applied for a card with Lloyd's Bank and I got declined, I've also applied for a Marriott Card and I got declined. I've even tried to get a card from MBNA but I didn't even pass their pre-inquiry (which means they ask you a few questions and if they think you don't qualify they don't even bother making a hard inquiry just to reject you, which is a good thing). Now, I'm having a hard time understanding what is going on.
My credit score with Experian (which is the main company used here in the UK) is 807 which is pretty good. I have a history of credit which is 3 years old (since I moved here in the UK) and I have no late payments. The only thing is that I have around 800£ of outstanding balance on my Barclaycard and that is equal to the 14% of my total credit (as today, it will be less than that as soon as I receive the British Airways AmEx).
Does anybody of you have any idea on what could be the problem? Because I really don't understand...
[font=Times New Roman]American Express PRG[/font] [color=green][NPSL][/color]
[font=Times New Roman]British Airways American Express[/font] [color=green][9000£][/color]
[font=Times New Roman]American Express Platinum Cashback Everyday[/font] [color=green][6000£][/color]
[font=Times New Roman]Barclaycard Platinum[/font] [color=green][16600£][/color]
[font=Times New Roman]Virgin Balance Transfer[/font] [color=green][9600£][/color]

TCL - [color=red]41200£[/color]


iHackerSix
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Postby iHackerSix » Tue Mar 25, 2014 1:59 pm

Wow that is kinda strange. Especially in my experience. I've been able to achieve limits ranging from 4,000 (Barclays), 5,000 (Discover IT), and 14,000 (Chase Sapphire Preferred) while only getting a lousy 1,000 from Amex for there Blue CashBack Everyday card! So for me Amex has been the most conservative and for you they've been the easiest. I do wonder what's got other creditors worried about extending you credit? Wanna trade? ;)

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Dr.Mark
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Postby Dr.Mark » Tue Mar 25, 2014 2:23 pm

HaHaHa! I'd trade the Green, the Platinum Cashback and the BA for your CSP right away if I could! :)
[font=Times New Roman]American Express PRG[/font] [color=green][NPSL][/color]

[font=Times New Roman]British Airways American Express[/font] [color=green][9000£][/color]

[font=Times New Roman]American Express Platinum Cashback Everyday[/font] [color=green][6000£][/color]

[font=Times New Roman]Barclaycard Platinum[/font] [color=green][16600£][/color]

[font=Times New Roman]Virgin Balance Transfer[/font] [color=green][9600£][/color]



TCL - [color=red]41200£[/color]

darkguy2
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Postby darkguy2 » Tue Mar 25, 2014 3:27 pm

That is weird. If I am not mistaken the Marriott card is a signature so it starts at $5K in the US. I am not sure what it is in the UK. Since you do not have any other cards with that limit they may not want to give you it. Did you see the reason for the rejection on the letter? You can just try to get the 3X limit increase for the Amex to get your limit up and try again. Just my 2 cents.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

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Dr.Mark
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Postby Dr.Mark » Tue Mar 25, 2014 3:33 pm

darkguy2 wrote:That is weird. If I am not mistaken the Marriott card is a signature so it starts at $5K in the US. I am not sure what it is in the UK. Since you do not have any other cards with that limit they may not want to give you it. Did you see the reason for the rejection on the letter? You can just try to get the 3X limit increase for the Amex to get your limit up and try again. Just my 2 cents.


Yes, I saw the letters. They do not quote anything in particular. They just say that they check credit scores, credito history bla bla bla and this time they decided not to give me the card.
By the way, the Marriott is the same here in the UK, it starts with a 5K CL.
It is totally weird.
[font=Times New Roman]American Express PRG[/font] [color=green][NPSL][/color]

[font=Times New Roman]British Airways American Express[/font] [color=green][9000£][/color]

[font=Times New Roman]American Express Platinum Cashback Everyday[/font] [color=green][6000£][/color]

[font=Times New Roman]Barclaycard Platinum[/font] [color=green][16600£][/color]

[font=Times New Roman]Virgin Balance Transfer[/font] [color=green][9600£][/color]



TCL - [color=red]41200£[/color]

darkguy2
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Postby darkguy2 » Tue Mar 25, 2014 4:10 pm

Well you do not have any cards close to 5K. I expect that if you get one then they will approve you.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

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Dr.Mark
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Postby Dr.Mark » Tue Mar 25, 2014 4:16 pm

darkguy2 wrote:Well you do not have any cards close to 5K. I expect that if you get one then they will approve you.


Yeah, that might be the reason for the Marriott Card. But the other card I tried had a minumu CL of 1200£. And still...I got declined.
Hard inquiries for nothing.
[font=Times New Roman]American Express PRG[/font] [color=green][NPSL][/color]

[font=Times New Roman]British Airways American Express[/font] [color=green][9000£][/color]

[font=Times New Roman]American Express Platinum Cashback Everyday[/font] [color=green][6000£][/color]

[font=Times New Roman]Barclaycard Platinum[/font] [color=green][16600£][/color]

[font=Times New Roman]Virgin Balance Transfer[/font] [color=green][9600£][/color]



TCL - [color=red]41200£[/color]

MemberSince99
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Postby MemberSince99 » Tue Mar 25, 2014 6:45 pm

I think it all goes back to what I've said before - you just never know how you rank in a creditor's eyes until you do business with them. If there were some set formula you could plug numbers into and find out ahead of time I'm sure lots of people here would want it.


It's just the case that some are going to love you and shower you with cards and nice limits and so on, some will be indifferent and may take your business but you'll get the idea fast they could take you or leave you and a few wouldn't pee on you if you were on fire.


I personally have no idea how to crack that code as it's bound to be different for all of them. So you just have to try your luck and find out there really is no other sure way that I can see.

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nismoZtuner
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Postby nismoZtuner » Tue Mar 25, 2014 7:14 pm

darkguy2 wrote:Well you do not have any cards close to 5K. I expect that if you get one then they will approve you.


Last year I applied for a few credit card an none gave me a limit over 2k. then on August 2013 I decided to apply for the Marriott premier visa signature and boom approved with a limit of $5K. Last week I applied for the Sapphire Preferred and was approved with a $5800 Limit- $800 is $800 hahhaha

--Age20-- Credit score Low 700s/ Income 30k
8/2012*CLI on 8.5.13 Bank of America Cash Rewards CL $600 ($2K now)
5/27/2013 *CLI 12.30.13 American Express Blue Cash Everyday $2k ($3k now)
5/30/2013 Discover IT CL $1500
6/24/2013 American Express Premier Rewards Gold NPSL

Notice no $5k+ limit on any of my card...
--Age 21-- Mid 700s/ Income 30K
8/14/2013 Marriott Rewards Premier CL $5k
3/19/2014 Chase Sapphire preferred CL $5800

oh. and by the way the one place that has denied me with a card has been sears- Screw sears and their crappy card..
TU 752 (+4) - [5/9/2014] CK 726 - [11/24/14] EX 725 - [11/20/14] EQ 710
BankofAmerica Cash Rewards [2k] I American Express Blue Cash Everyday [3K] l Discover IT[2.5]
American Express Premier Rewards Gold [NPSL] I Marriott Rewards Premier [5k]
Chase Sapphire Preferred[7.3]
Inquires: TU(?) EX(?) EQ(?)
TCL-$19,800
Age-22

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Dr.Mark
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Postby Dr.Mark » Wed Mar 26, 2014 3:53 pm

Turns out that there might be a problem with my Equifax report. As I've never checked it before I just realised that something's seriously wrong.
I tried to register to get my credit report and at the end of the process they started asking questions to verify my identity. The thing is...those questions were not about me. The first one was related to me having a bank account in the UK in 2005 and they wanted to know the bank it was with. The second one was related to me having a MORTGAGE in 2007 and they also wanted to know the bank it was with. Where's the problem, you might think? Well... In 2005 I was 18 years old and I was still living in Italy and going to High school. I had never been in the UK and I didn't even have a bank account. In 2007 I was still in Italy, working and going to university. So, the problem could well be that I got mixed up with someone else on my Equifax report and whoever uses Equifax sees the wrong details about me. I just sent them a couple of documents they asked to verify my identity and after that I should be able to access my credit report (they say) and check all the details. This is really pissing me off. How can that even be possible?!?
[font=Times New Roman]American Express PRG[/font] [color=green][NPSL][/color]

[font=Times New Roman]British Airways American Express[/font] [color=green][9000£][/color]

[font=Times New Roman]American Express Platinum Cashback Everyday[/font] [color=green][6000£][/color]

[font=Times New Roman]Barclaycard Platinum[/font] [color=green][16600£][/color]

[font=Times New Roman]Virgin Balance Transfer[/font] [color=green][9600£][/color]



TCL - [color=red]41200£[/color]



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