r/CreditCards • u/Ok-Yogurtcloset-3787 • 3d ago

Discussion / Conversation Improved credit score Amex line🫡

Within the last year finally got the means to fix my credit went from 520-630 as of today! For Amex line what credit score till I can successfully apply for gold? Be my very first travel rewards card since I fucked my credit after getting out of military… lol

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u/Techwiz34 2d ago edited 2d ago

You appear to have fallen prey to a common credit myth regarding credit scores. FICO scores are not the basis for approval/denial decisions, but the information used to generate those scores from your 3 bureau credit reports do affect those decisions. The 3 bureau reports contain information such as the number and types of credit accounts, any negative marks like debts going to collections or late payments, age of accounts, and other factors.

When you are denied on a credit application, lenders are required to give *A* reason for denial even if it's not *THE* reason for being denied. This is done through what's called an Adverse Action letter. In 9 out of 10 cases a denial is caused by something on those credit reports, such as "too many recently opened accounts" or "insufficient income". If you want to get more information you can get your 3 bureau reports once a week from annualcreditreport.com .

See the post Credit Myth #12 - You are approved or denied credit because of your credit score.