AMEX rejection

[Waddygib]

This probably isn't helping your cause at all.

Suspect churning is doing all the damage

 

[iamsuperandrew]

Suspect churning is doing all the damage

Everyone I have spoken to who has applied and been rejected has a history of churning

 

[Chrizztofa]

Everyone I have spoken to who has applied and been rejected has a history of churning

Out of interest, is there a definition of churning? Is it applying for X cards in a certain time frame, cancelling cards as soon as the bonus points arrive, or something else entirely?

 

[kpc]

Everyone I have spoken to who has applied and been rejected has a history of churning

And do you blame Amex/ banks?

 

[Airbumps]

Out of interest, is there a definition of churning? Is it applying for X cards in a certain time frame, cancelling cards as soon as the bonus points arrive, or something else entirely?

I'd very much like to know what AMEX's definition of churning is. I've been rejected by them three times in the past two years whilst due to churning (well, I presume so because no other banks have had an issue giving me credit and I am a churner! )

That said, I've been "clean" for about 8 months now and haven't applied for an AMEX in over 12 months...so I'd like to know when they consider me "reformed".

 

[burmans]

I'd very much like to know what AMEX's definition of churning is. I've been rejected by them three times in the past two years whilst due to churning (well, I presume so because no other banks have had an issue giving me credit and I am a churner! )

That said, I've been "clean" for about 8 months now and haven't applied for an AMEX in over 12 months...so I'd like to know when they consider me "reformed".

Having been stung in the GFC (by brokers who knew the criteria and abused the system) financial institutions these days are much more opaque about their credit criteria! Indeed my experience is that this knowledge is tightly held within the credit decisioning community, most other FI staff don’t actually know either.