Amex Credit Card Rejection

[bhavyakjain]

I recently applied for Amex Platinum Travel Credit Card. Today I got update that my application has been rejected. I had already done vKYC & submitted income documents.
The reason they have stated is "Internal Policies".

My income is good and my CIBIL is also decent 776.

Without any proper reason they rejected and my hard enquiry on cibil got wasted.

How shall I proceed? Please help.

 

[nimod]

Amex wants to tell you they have achieved targets for this quarter.

Be in touch with @BestBanker and apply as soon their targets are set next.

 

[bhavyakjain]

Amex wants to tell you they have achieved targets for this quarter.

Be in touch with @BestBanker and apply as soon their targets are set next.

Why kind of crap processes are this?
Worse than SBI. and that is saying something

 

[yashendra2797]

Why kind of crap processes are this?
Worse than SBI. and that is saying something

I think nimod was joking lol. Contact @BestBanker he will help you out. At least you might get to know what the Internal Reason is.

 

[BestBanker]

Amex wants to tell you they have achieved targets for this quarter.

Be in touch with @BestBanker and apply as soon their targets are set next.

Lol nothing like that bro

 

[nimod]

Lol nothing like that bro

See, how humble this amex prodigy is.

 

[bhavyakjain]

I think nimod was joking lol. Contact @BestBanker he will help you out. At least you might get to know what the Internal Reason is.

Thanks to @BestBanker , I got approved for MRCC

 

[shubhank008]

I recently applied for Amex Platinum Travel Credit Card. Today I got update that my application has been rejected. I had already done vKYC & submitted income documents.
The reason they have stated is "Internal Policies".

My income is good and my CIBIL is also decent 776.

Without any proper reason they rejected and my hard enquiry on cibil got wasted.

How shall I proceed? Please help.

Happened with me too last month when applied MRCC, no reason given, customer care on call also said KYC and address verification was done successfully, but reason being internal policy, they cannot disclose.

Nonetheless, applied for Plat Travel a few weeks later, approved. 3 days later Gold also approved.
So yeah, weird as can see in your case MRCC approved

 

[bhavyakjain]

Happened with me too last month when applied MRCC, no reason given, customer care on call also said KYC and address verification was done successfully, but reason being internal policy, they cannot disclose.

Nonetheless, applied for Plat Travel a few weeks later, approved. 3 days later Gold also approved.
So yeah, weird as can see in your case MRCC approved

I read somewhere rbi mandates banks to provide proper reason
Is that correct?

If so, can we not raise a complaint

It really pisses me.off to not have any reason

 

[BestBanker]

I read somewhere rbi mandates banks to provide proper reason
Is that correct?

If so, can we not raise a complaint

It really pisses me.off to not have any reason

Its a valid reason. No use of wasting your time. Will DM you the details

 

[yashendra2797]

I read somewhere rbi mandates banks to provide proper reason
Is that correct?

If so, can we not raise a complaint

It really pisses me.off to not have any reason

Also why complain when you've got a resolution bro. Its fine. Shit happens.

 

[morosoph]

Hey @BestBanker, sorry for hijacking this thread,
after this vKYC (Plat Travel w referral, no request for income docs) for me earlier yesterday, there was an apparent 'backend team may reach out to you', and a request to upload Voter ID (don't have one).
Contacted the customer support, and the lady suggested I upload my passport instead and that should go through, which I did - however, really haven't heard anything back and wondering if it was the correct thing to do or could it be a reason for rejection as well?

 

[bhavyakjain]

I read somewhere rbi mandates banks to provide proper reason
Is that correct?

If so, can we not raise a complaint

It really pisses me.off to not have any reason

I had mailed them asking for a reason.
Few weeks later got response asking for the income documents again.

I uploaded the same documents again.

A couple days later, my Plat Travel also got approved, with a good limit, my 2nd highest limit so far.

Shoutout to @BestBanker for his help and advice during this.

 

[gauravfromldh]

@BestBanker i applied MRCC on 28march, but after doing vkyc and uploading all documents i got rejection email. My itr was of 5.90 lac. When i contacted c.care the lady told me that my application got rejected by there automatic system without any manual processing. I think my 5.90 itr was the reason for that rejection. If after filling this year itr of above 6 lacs can i apply that card again. What are the chances of approval? I already have cards from icici, axis, idfc,kotak,sbi with limit above 5 lac.