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New Contributor
MyCreditSucksTheMost
Posts: 84
Registered: ‎08-13-2012
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AMEX Platinum 100K Offer

  Has anyone received the Amex platinum 100K MR(s) offer?  I received this in the mail today, and it looks amazing.

 

  They've been sending me small biz offers for the last year or so, but I was busy building my personal credit & not paying attention.

 

 I don't have hardly any small business income , but i have built up some small biz credit. My personal income is pretty good (200k) do you think this would be an issue for approval?

 

 I will have no reported balances when apping, and I have inquiries from the beginning of last month(along with 4 new personal cc's), the offer is good until january 10th, and I imagine I'll wait until that time to apply.

 

 Credit scores in sigs. 1 baddie 6 1/2 years ago.

 

Thanks!




Staring Scores:Transunion-636 Equifax-618 Experian- 640 (8/12):
Current Scores:Transunion-717 Equifax-(?) Experian 726(as of 11/18/13):

Goal 760 Across the Board:







New Contributor
MyCreditSucksTheMost
Posts: 84
Registered: ‎08-13-2012
0

?Re: AMEX Platinum 100K Offer

Anyone? My odds of approval?




Staring Scores:Transunion-636 Equifax-618 Experian- 640 (8/12):
Current Scores:Transunion-717 Equifax-(?) Experian 726(as of 11/18/13):

Goal 760 Across the Board:







Community Leader
Senior Contributor
myjourney
Posts: 26,340
Registered: ‎02-07-2013
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Re: ?Re: AMEX Platinum 100K Offer

How many INQ's total and how many in the last 12 months?

Are the scores in sig Fico?

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Frequent Contributor
rlx01
Posts: 250
Registered: ‎02-10-2013
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Re: AMEX Platinum 100K Offer

If you already have an AMEX then the denial is a SP.

Your chances are probably good. They base it off your personal CR anyway. Plus the biz cards have no consumer protection, so they want you to sign up for those. :smileyhappy:

I'd be all over 100K MR though. :smileyhappy:
New Contributor
MyCreditSucksTheMost
Posts: 84
Registered: ‎08-13-2012
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Re: AMEX Platinum 100K Offer

  inquiries last 12 months is 8 across all cr's. 6 within the last 3 months, the rest are 10 months old minimum .Total is 10 within the last 2 years.

 

  Yes, Those are fico scores. Since the new credit cards just hit, I'm sure there's been a slight drop, my walmart this month was at 698 TU.

 

  I currently have no amex cards, just a personal savings account with a decent amount of money.




Staring Scores:Transunion-636 Equifax-618 Experian- 640 (8/12):
Current Scores:Transunion-717 Equifax-(?) Experian 726(as of 11/18/13):

Goal 760 Across the Board:







Frequent Contributor
rlx01
Posts: 250
Registered: ‎02-10-2013
0

Re: AMEX Platinum 100K Offer

Dunno what you have to lose apart from a EX HP. :smileyhappy:

 

100K MR is worth at least $1000, so that's definitely in the realm of 'worth it'.

New Contributor
MyCreditSucksTheMost
Posts: 84
Registered: ‎08-13-2012
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Re: AMEX Platinum 100K Offer

Awesome, well I'll apply than, I will wait until Jan. 5th or so to ensure I have 2-3 payments on the new cards. This does not report on personal credit right?

Thanks for the help guys, I'll let y'all know the outcome. Plus I guess it wouldn't hurt to get in now, as spg is high on my wishlist when they have anothe. Hefty sign up bbonus



Staring Scores:Transunion-636 Equifax-618 Experian- 640 (8/12):
Current Scores:Transunion-717 Equifax-(?) Experian 726(as of 11/18/13):

Goal 760 Across the Board:







Community Leader
Senior Contributor
myjourney
Posts: 26,340
Registered: ‎02-07-2013
0

Re: AMEX Platinum 100K Offer

  inquiries last 12 months is 8 across all cr's. 6 within the last 3 months, the rest are 10 months old minimum .Total is 10 within the last 2 years.

 

  Yes, Those are fico scores. Since the new credit cards just hit, I'm sure there's been a slight drop, my walmart this month was at 698 TU.

 

  I currently have no amex cards, just a personal savings account with a decent amount of money.


MyCreditSucksTheMost wrote:
Awesome, well I'll apply than, I will wait until Jan. 5th or so to ensure I have 2-3 payments on the new cards. This does not report on personal credit right?

Thanks for the help guys, I'll let y'all know the outcome. Plus I guess it wouldn't hurt to get in now, as spg is high on my wishlist when they have anothe. Hefty sign up bbonus

With 6 new accounts in 3 months you may have to recon but I think you should be ok but be prepared to explain the new TL's/INQ's

As far as waiting IMHO 30 days will not make that big of difference as far as history or scores.

If your going to apply I would do it now to lock in a MSD of 2013 vs 2014 

Good luck should you app

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Valued Contributor
GregB
Posts: 1,670
Registered: ‎05-24-2007
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Re: AMEX Platinum 100K Offer


rlx01 wrote:
If you already have an AMEX then the denial is a SP.

Your chances are probably good. They base it off your personal CR anyway. Plus the biz cards have no consumer protection, so they want you to sign up for those. :smileyhappy:

I'd be all over 100K MR though. :smileyhappy:

Almost certainly NOT true. I have two Amex cards, one for 34 years and they do soft pull on those. I recieved both Gold 50k and Platinum 100k offers. Gold fees looked much better and it was a hard pull.

Moderator
09Lexie
Posts: 25,432
Registered: ‎09-13-2012
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Re: AMEX Platinum 100K Offer


GregB wrote:

rlx01 wrote:
If you already have an AMEX then the denial is a SP.

Your chances are probably good. They base it off your personal CR anyway. Plus the biz cards have no consumer protection, so they want you to sign up for those. :smileyhappy:

I'd be all over 100K MR though. :smileyhappy:

Almost certainly NOT true. I have two Amex cards, one for 34 years and they do soft pull on those. I recieved both Gold 50k and Platinum 100k offers. Gold fees looked much better and it was a hard pull.


It's a HP if approved and usually a SP if declined


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