Amex Banking Update

Discussion in 'Credit Talk' started by once38, Jul 11, 2001.

  1. once38

    once38 Well-Known Member

    Here's the deal.When you apply online they first run
    Chex Systems.If you don't pass(more than two
    inquiries in the last 6 months) you app is declined.
    They save you the inquiry and do not pull CR at that
    point.The moral is if you've opened several bank accounts lately you will be declined.I also believe that
    if you pass Chex Systems but have low fico you will also be declined.Let's face it,this bank is a farm for
    future cardholders.They are looking for good prospects for their products and services and are
    not going to offer accounts to the less than average credit risk.That is my opinion.And yes I would love to have my Gold card back lol.Grateful to have a cobalt.

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