So for example, someone with high income and a 20
year stellar credit history, with most cards held for 10
years or more, on -
time payments and no delinquincies, and low utilization of credit
lines who starts
applying for cards might be able to get approved with 15 or more inquiries total on his her credit report, whereas the story will be quite different for, say, a college student with low income and short credit history.
My question is I had 3 Amex CC two of them almost a
year old the third one about 5 months old, when I» be
applied for the first
time I did it over the phone and before I continued with the application I told the agent that I filed for BK about 6
years ago and I never had a Amex CC then she told me that there are customers that
applied with BK and been approved, when she said that I felt confident
applying for it and she was right, Amex approved me with a nice credit
line of $ 11,000 I was in shock, now explain this a
year later I went to the website and I request a credit
line increase and I was dinied I called for a recon and they told me I was dinied because in my credit report shows a BK so I said wait a minute when I had
applied for that credit card I had approved with no problem and now I can't have a credit
line increase and the agent told me there are different factors between
applying for credit card and
applying for credit increase so that was his answer but he didn't explain the factor why??? Do you have an idea why is the differents Thank you