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myjourney
Posts: 26,602
Registered: ‎02-07-2013
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Re: AMEX 1 HP for 2 apps?

[ Edited ]

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?

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


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thecentury303
Posts: 70
Registered: ‎04-07-2013
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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)
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traveler2005
Posts: 509
Registered: ‎08-13-2011
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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 675, Exp 653.,Eq 655
Goal Score: 700 across the board


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Valued Contributor
Involver
Posts: 1,231
Registered: ‎07-16-2013
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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.

Cash+ | CSP | Double Cash | Fidelity AMEX | BCE | Hhonors | PRG | FNBO AMEX | Sallie Mae | NASA Cash Rewards | Penfed Promise
Valued Contributor
red259
Posts: 2,096
Registered: ‎06-05-2013
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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 730 6/27/14
Goal Score: 800 In garden until 1/2015
Valued Contributor
Involver
Posts: 1,231
Registered: ‎07-16-2013
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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.

Cash+ | CSP | Double Cash | Fidelity AMEX | BCE | Hhonors | PRG | FNBO AMEX | Sallie Mae | NASA Cash Rewards | Penfed Promise
Valued Contributor
red259
Posts: 2,096
Registered: ‎06-05-2013
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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 730 6/27/14
Goal Score: 800 In garden until 1/2015
Valued Contributor
Involver
Posts: 1,231
Registered: ‎07-16-2013
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Re: AMEX 1 HP for 2 apps?

Thanks for the clarification.  

 

Will probably just hold off for now.

Cash+ | CSP | Double Cash | Fidelity AMEX | BCE | Hhonors | PRG | FNBO AMEX | Sallie Mae | NASA Cash Rewards | Penfed Promise
Frequent Contributor
bobbay
Posts: 310
Registered: ‎07-12-2013
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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 702 4/19/14, TU 713 4/14/14 lender pull, EQ 701 4/14/14 lender pull
Last app 6/8/14 SPG


Frequent Contributor
bobbay
Posts: 310
Registered: ‎07-12-2013
0

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 702 4/19/14, TU 713 4/14/14 lender pull, EQ 701 4/14/14 lender pull
Last app 6/8/14 SPG



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