cancel
Showing results for 
Search instead for 
Did you mean: 

AMEX 1 HP for 2 apps?

Super Contributor

Re: AMEX 1 HP for 2 apps?


CS800 wrote:

She has a green AMEX already but was looking to add the Delta Gold and the BCE


That's a different case 

for Amex customers 

SP if denied HP if approved 

 

EDIT when did she get the green?

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 11 of 26
New Contributor

Re: AMEX 1 HP for 2 apps?

I apped for AMEX Gold and AMEX BCE on the same day last month and only faced 1 HP (but triple pull though).

Capital One Cash Rewards for New Comer: $1,500 (09/12), Local Credit Union: $1,500 (10/12), Chase Freedom: $1,500 (04/13), Discover IT: $2,100 (04/13), AMEX Gold Charge Card: NPSL (06/13), AMEX BCE: $6,000 (06/13), Chase United Explorer: $6,000 (10/13), Chase Ink Cash: $3,000 (10/13), Barclays Arrival Platinum: $3,000 (10/13), US Bank Flexperk Travel Rewards: $5,000 (01/14), Capital One Venture: $5,000 (01/14), Citi AA World MC: $6,500 (01/14),Citi AA Executive World Elite MC: $5,000 (01/14)
Message 12 of 26
Highlighted
Established Contributor

Re: AMEX 1 HP for 2 apps?

I apped for Gold PRG  and Delta Skymiles on 7/4/2013   two cards one hardpull on experian. Approved for both. YMMV





Starting Score: TU 573 Exp 523 Lender Pull, Eq 583
Current Score: TU 673, Exp 664.,Eq 672 04/17/2015 TU 741 Equifax 682 Experian 678

Goal Score: 700 across the board


Take the FICO Fitness Challenge

Last HP 6/10/2015
Message 13 of 26
Valued Contributor

Re: AMEX 1 HP for 2 apps?

Have a question about this ...

 

Recently approved for a BCE ... thinking about trying to hit up the 2 for 1 but not sure whether or not the additional ding to AAoA (I've already hit it pretty hard) is worth an account that I honestly won't really use.  

 

I've seen various info about charge cards and FICO scoring - would adding a charge card to revolving / installment bolster the FICO scoring algorithm or are they scored the same as any other revolving account (without factoring in a CL).  If I can push my score up a little bit i'll qualify for lowest terms on a home which would definitely offset the AF I would pay on a charger.

Message 14 of 26
Super Contributor

Re: AMEX 1 HP for 2 apps?


Involver wrote:

Have a question about this ...

 

Recently approved for a BCE ... thinking about trying to hit up the 2 for 1 but not sure whether or not the additional ding to AAoA (I've already hit it pretty hard) is worth an account that I honestly won't really use.  

 

I've seen various info about charge cards and FICO scoring - would adding a charge card to revolving / installment bolster the FICO scoring algorithm or are they scored the same as any other revolving account (without factoring in a CL).  If I can push my score up a little bit i'll qualify for lowest terms on a home which would definitely offset the AF I would pay on a charger.


I don't see how a new charge card is going to increase your credit score. 

;
Starting Score: EQ: 714, TU 684
Current Score: EQ: 725 7/30/13, TU 684 6/2013, Exp 826 4/16/17, Last App 8/5/17
Goal Score: 800 (Achieved!) In garden until Sepetember 2019
Message 15 of 26
Valued Contributor

Re: AMEX 1 HP for 2 apps?

I wanted to know whether or not a charge card was considered a "mix of credit" i.e revolving vs installment, or if it would be scored as a revolving account.  

 

I'm not asking if my score will automatically increase because I get a charge card.

Message 16 of 26
Super Contributor

Re: AMEX 1 HP for 2 apps?


Involver wrote:

I wanted to know whether or not a charge card was considered a "mix of credit" i.e revolving vs installment, or if it would be scored as a revolving account.  

 

I'm not asking if my score will automatically increase because I get a charge card.


Depends on the scoring method being used. It would be in the revolving category I believe but with the exception of some old methods it does not factor into util. At least that is how it was explained to me. 

;
Starting Score: EQ: 714, TU 684
Current Score: EQ: 725 7/30/13, TU 684 6/2013, Exp 826 4/16/17, Last App 8/5/17
Goal Score: 800 (Achieved!) In garden until Sepetember 2019
Message 17 of 26
Valued Contributor

Re: AMEX 1 HP for 2 apps?

Thanks for the clarification.  

 

Will probably just hold off for now.

Message 18 of 26
Established Contributor

Re: AMEX 1 HP for 2 apps?

@ ^^ New account could boost score if util went down and with amex it is possible that AAoA goes up depending on situation.

 

I was going to ask about the 2:1 HP question so I am glad I saw this raised.

 

I am looking to app for Costco TE and if approved PRG.  Two questions 

 

  1. Is there an amount of time that would be too soon post Delta approval ( my first statement cuts monday) and I already hit the spend limit and was credited the 30k miles.  I posted a payment and will post a second payment to bring the reported balance to $100 for the statement cut.
  2. Does it make a difference to app in person at the service desk as opposed to online.  I have read yes app in person.

I am waiting for the statement to cut to see if i get a score boost myself since adding Delta---> My util dropped to 3% due to added CL and AAoA went up 4 months in my file.  2 more AMEX accounts would push AAoA another 8mos.


Current Score: EX 712 4/28/15, TU 713 4/14/14 lender pull, EQ 723 9/16/15, 740 EQ bankcard 8 6/1/15 lender pull
Last app 03/12/17


Message 19 of 26
Established Contributor

Re: AMEX 1 HP for 2 apps?

I think it is scored as revolving but does not affect Util because the balance does not carry forward due to PIF required.


Current Score: EX 712 4/28/15, TU 713 4/14/14 lender pull, EQ 723 9/16/15, 740 EQ bankcard 8 6/1/15 lender pull
Last app 03/12/17


Message 20 of 26