cancel
Showing results for 
Search instead for 
Did you mean: 

AMEX Question

tag
MissCredit9
Frequent Contributor

Re: AMEX Question

luck*



AMEX PRG NPSL, FIDELITY REWARDS 50K, CHASE SAPPHIRE RESERVE 27K, AMEX DELTA SKYMIES GOLD 25K, CITI DIAMOND PREFERRED 22K, CHASE FREEDOM 20K, CITI DOUBLE CASH 15.5K, BARCLAYCARD REWARDS MASTERCARD 15K, CHASE MARRIOTT PREMIER 5K, CAPITAL ONE SONY CARD 5.75K, CAPITAL ONE QUICKSILVER 3.5K, AMAZON STORECARD 6K, VICTORIAS SECRET 2650, EXPRESS NEXT 1850,Gardening2/17/17.
Message 11 of 24
09Lexie
Moderator Emerita

Re: AMEX Question

I would try and get a CLI on your Walmart. If approved, let your CR's update and get your util as low as possible. It still might be a stretch on the revolver.
Message 12 of 24
WillF360
Regular Contributor

Re: AMEX Question

I applied yesterday for the AMEX BLUE.  My scores are in my sig, yours are just like mine. All I had was 1 secured $200 Capital One Card.  I did get 2 other approvals, Discover.It and Chase Freedom, both pretty decent limits, but I don't think AMEX could see those just yet. Go to the cardmatch site to see if you get one to pop up.  Amex didn't pop up for me, but still able to get it.


In the Garden since 9/15/13... Goal Date 4/15/14 (WISH ME LUCK)
Closed on First Home 9/13/2013: USDA RURAL HOUSING
Lender Pull 7/25- EQ 673, EX 693, TU 670
Credit Card Approvals: 9/15- Discover It $4500; Chase Freedom $3500; Amex Blue $5000
Goal Score: 720 | Starting Scores (2/12): EQ 493, EX 521, TU 463
Message 13 of 24
MissCredit9
Frequent Contributor

Re: AMEX Question

Also if you are due for any CLI's I would ask for them if AAoA is 2.5 surely something is due for an increase. Smiley Happy



AMEX PRG NPSL, FIDELITY REWARDS 50K, CHASE SAPPHIRE RESERVE 27K, AMEX DELTA SKYMIES GOLD 25K, CITI DIAMOND PREFERRED 22K, CHASE FREEDOM 20K, CITI DOUBLE CASH 15.5K, BARCLAYCARD REWARDS MASTERCARD 15K, CHASE MARRIOTT PREMIER 5K, CAPITAL ONE SONY CARD 5.75K, CAPITAL ONE QUICKSILVER 3.5K, AMAZON STORECARD 6K, VICTORIAS SECRET 2650, EXPRESS NEXT 1850,Gardening2/17/17.
Message 14 of 24
09Lexie
Moderator Emerita

Re: AMEX Question

Also, your CS are over a year old; any idea if they have improved?
Message 15 of 24
WillF360
Regular Contributor

Re: AMEX Question

Forgot to note, my AAoA is between 8-12 yrs depending on which report you pull. That could have helped my case. 

 

I'd listen to Lexie and the rest on their suggestions. Good luck!


In the Garden since 9/15/13... Goal Date 4/15/14 (WISH ME LUCK)
Closed on First Home 9/13/2013: USDA RURAL HOUSING
Lender Pull 7/25- EQ 673, EX 693, TU 670
Credit Card Approvals: 9/15- Discover It $4500; Chase Freedom $3500; Amex Blue $5000
Goal Score: 720 | Starting Scores (2/12): EQ 493, EX 521, TU 463
Message 16 of 24
bellrod44
Contributor

Re: AMEX Question

According to SW they are pretty much the same. Smiley Mad

 

Also, I just updated my sig to reflect my CLI from BofA last month.

Cards in my wallet: BofA 1-2-3 Rewards - $3,000 (5/2012), Walmart - $350 (9/2012), Home Depot - $500 (10/2012), US Bank - $1,000 (11/2012)
Message 17 of 24
Dustink
Valued Contributor

Re: AMEX Question

I would recommend apping for a charge card now. Then apping for the revolver you want come 1/2014 for backdating.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Message 18 of 24
bellrod44
Contributor

Re: AMEX Question


@Dustink wrote:

I would recommend apping for a charge card now. Then apping for the revolver you want come 1/2014 for backdating.


Which charge would you recommend? I'm not very familiar with the levels of AMEX charge cards.

Cards in my wallet: BofA 1-2-3 Rewards - $3,000 (5/2012), Walmart - $350 (9/2012), Home Depot - $500 (10/2012), US Bank - $1,000 (11/2012)
Message 19 of 24
red259
Super Contributor

Re: AMEX Question


@MissCredit9 wrote:

IMO get your utilization down to no more than 5% preferrably with a balance only reporting on one card. That should increase your score slightly and put you in the best shape you could possibly be in moving forward to apply for AMEX. I have seen approvals with old baddies, but I believe it is in your best interest to appear pristine in all other aspects. Best of uck if you decide to app!


+1 Yes, if you do move forward applyign to Amex make your credit report as neat as possible. Get any softpull CLIs you can, get your util down and only show a balance on one card. Your on the borderline so every point counts. Others have mentioned getting a charge card first to get your foot in the door. Charge cards are easier to get, but I am a big proponent of only getting what you need. That being said with your current scores I think its going to be tough getting a revolver but you never know. By way of comparison I applied for an Amex charge with a score of 699 and was turned down and they claimed my score was one of the reasons! In reality the main reasons were no open revolving accounts reporting and having had 3 recent inqs on TLs that had not appeared yet.  

;
Starting Score: EQ: 714, TU 684
Current Score: EQ: 725 7/30/13, TU 684 6/2013, Exp 828 5/2018, Last App 8/5/17
Goal Score: 800 (Achieved!) In garden until Sepetember 2019
Message 20 of 24
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.