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Established Contributor
Posts: 608
Registered: ‎10-11-2012
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AMEX Revolver

Does having an AMEX charge card make getting an AMEX revolver easier?


NFCU Signature Visa Cash Rewards, NavChek, Citi AA AMEX, Cap1 Cash Rewards, Discover IT, Home Depot, Sears, Walmart, Chase Freedom, AMEX Green, Lowe's, AMEX BCE, Chase Sapphire Preferred, AMEX Hilton Honors Surpass, PayPal Extras MC, PenFed Platinum Cash Rewards, AMEX Platinum

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Frequent Contributor
Posts: 470
Registered: ‎08-14-2012
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Re: AMEX Revolver

It makes getting declined less of a hit on your CR.

Building your payment history with AMEX will lower your risk with them. But, it is not necessary depending on your history.

In my wallet: Amex PRG & Zync, Amex BCE (19.2k), Chase Freedom (5k), PSECU Visa/PSL (20k)
Current Scores: Equifax: 738 (Fako) TransUnion: 721 (Fico) Experian: 717 (Fico)
Disclaimer: I am by no means a financial advisor. My posts are based on opinion, experience, and/or knowledge.
Valued Contributor
Posts: 1,987
Registered: ‎06-25-2012
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Re: AMEX Revolver

I got approved for BCE first with EX score of 675 age 21. I didnt have any amex cards before. After the bce i got Green and GoldPR
Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Established Contributor
Posts: 608
Registered: ‎10-11-2012
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Re: AMEX Revolver


jd5189 wrote:

It makes getting declined less of a hit on your CR.

Building your payment history with AMEX will lower your risk with them. But, it is not necessary depending on your history.


What do you mean by that?  Do they not do a hard pull if you already have a card?

 


NFCU Signature Visa Cash Rewards, NavChek, Citi AA AMEX, Cap1 Cash Rewards, Discover IT, Home Depot, Sears, Walmart, Chase Freedom, AMEX Green, Lowe's, AMEX BCE, Chase Sapphire Preferred, AMEX Hilton Honors Surpass, PayPal Extras MC, PenFed Platinum Cash Rewards, AMEX Platinum

GC Challenge: App Free since 1/8/13. No more apps til 2014






Frequent Contributor
Posts: 470
Registered: ‎08-14-2012
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Re: AMEX Revolver


LesWH wrote:

jd5189 wrote:

It makes getting declined less of a hit on your CR.

Building your payment history with AMEX will lower your risk with them. But, it is not necessary depending on your history.


What do you mean by that?  Do they not do a hard pull if you already have a card?

 


Once you have a card, applications thereafter are softpull declines. They only hard pull if you are approved for the card you app'd for.

In my wallet: Amex PRG & Zync, Amex BCE (19.2k), Chase Freedom (5k), PSECU Visa/PSL (20k)
Current Scores: Equifax: 738 (Fako) TransUnion: 721 (Fico) Experian: 717 (Fico)
Disclaimer: I am by no means a financial advisor. My posts are based on opinion, experience, and/or knowledge.
Valued Contributor
Posts: 1,738
Registered: ‎08-13-2012
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Re: AMEX Revolver

Only if they approved other than that  soft pulls..........


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Frequent Contributor
Posts: 359
Registered: ‎04-28-2012
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Re: AMEX Revolver

I would definitely say so.  I got the Green Card with just under 6 months credit history, and less than a month later (after I paid my first statement) they approved me for their Hilton HHonors card.

TU: 752 (4/13/15) | EQ: 761 (1/18/15) | EX: 760 (1/18/15)

Cap1 Quicksilver, $4,750 (4/2012); Discover IT, $8,500 (10/2012); Chase Amazon Rewards, $7,600 (10/2012); AMEX Hilton HHonors, $15,000 (11/2012); AMEX Blue Cash Everyday, $15,000 (01/2013); Barclaycard Arrival+, $10,000 (07/2013); Chase Hyatt, $7,000 (09/2013)
Valued Contributor
Posts: 2,982
Registered: ‎02-09-2012
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Re: AMEX Revolver

made getting a revolver with them, for me, alot easier since pif'ing with my zync
5/2012: 560 credit scores across the board and $500 secured CC
12/2014: 750+ scores across the board and $80k in revolving credit

Get those baddies removed!!!
Moderator Emeritus
Posts: 11,198
Registered: ‎12-30-2011
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Re: AMEX Revolver


Repo-ed wrote:
made getting a revolver with them, for me, alot easier since pif'ing with my zync

I forget Repo, which Amex revolver did you obtain?

 

As for the topic, I absolutely think that any current relationship with a lender, if used wisely, will increase one's odds for approvals later.  Of course the converse is also true, doing something silly....

 

Also I would tend to say at least in Amex's case, while they are a spend-centric lender, if you're borderline living paycheck to paycheck based on their internal calculations for your disposable income, they (or any other lender though I suspect Amex is far more aware of this) may well decline to offer you additional credit now matter how much profit you're making for them.

 

I've been spending money lately like a druken fool trying to get my life in order, and the majority of that is being run through my Zync.  While I will be back down to my miserly habits next month, it'll be interesting to see in the future how Amex thinks of that even though I haven't crossed the threshold of "reasonable" spending based on my income theoretically.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 700, TU 04 731, EX 98 725 (05/24/15)
Goal Score: 700 on EQ 04 (01/01/16)


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Established Member
Posts: 61
Registered: ‎04-27-2012
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Re: AMEX Revolver

how many months with a good history with amex before you went revolver?

Amex Gold (NSL) 9/12
Chase Freedom (2200) 5/12
Citi Thank You Pref. (7000) 4/12
USAA AMEX (4000) 11/12
BOA VISA SIG CASH (5000) 12/12
Amex Gold Small Biz (NSL) 11/12
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