Answer Base

I have no negative credit history, a credit rating of 899 out of 1000 which i am told is very nice . yet american express have turned my credit card application down. they say this is a result of my personal income (which is over the national average) combined with my credit score. it makes no sense. can someone enlighten me? i have no negative credit history, a credit rating of 899 out of 1000 which i am told is very nice . i have no debt, except my old student loan for which i have never made a late payment. yet american express have turned my credit card application down. they say this is a result of my personal income (which is over the national average) combined with my credit score. it makes no sense. can someone enlighten me?

It bpoils down to this, your income, minus the amount you are in debt ( regardless of how good you are on your payments) is part of a formula that decides whether you have enough money left over to pay your credit card debt. american express expects the balance to be cleared each month, if they calculate that you are incapable of doing this, they refuse you the card.