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@Revelate wrote:The Zync is the easiest card to obtain, the underwriting criteria for the NPSL is less than that of the higher tier charge cards, and that doesn't consider the counter-offers either.
6 months history on one tradeline is the minimum for a Zync. I am fairly confident you cannot acquire a green or gold at that strata. I also strongly suspect I would not have been approved for more than a Zync recently as my score was probably in the 640-650 range, and I wouldn't even take a pass at one of the higher ones without sitting at 660 really and we've seen some 635's and I think even a 626 FICO Zync approval previously. Almost think a Delta co-branded revolver is on the same level as the Green et al. these days and I couldn't qualify for that right now, though it'd be possible in Oct/Nov and even likely in January if I applied.
While probably not the norm, I was approved for Amex Green with just six months of credit history on a capital one starter card. That being said, the payment history was perfect for that duration and utilization was low. Are charge products easier to be approved for? Probably, but Amex is a prime lender so anything below a 680+ credit score is dicey for approval. They have a very spend centric business model so income and assets are strongly considered. Charge cards are not for everyone because they normally require payment of the balance in full each month.
YMMV of course, but in general it is advisable to have 680+ scores, low utilization, and minimal to no baddies. Just curious, why would you apply for the green and the prg? Seems redundant
@espnjunkie wrote:YMMV of course, but in general it is advisable to have 680+ scores, low utilization, and minimal to no baddies. Just curious, why would you apply for the green and the prg? Seems redundant
if this question was for me then i got the green first and then the prg a month after..i was gonna pc the green to the zync but i like how green and gold look together on my wallet.
To each their own, but considering they are both npsl charge cards there is not much point in keeping both open and paying such high annual fees. I'd pick one or the other depending on your spending habits and needs
@espnjunkie wrote:To each their own, but considering they are both npsl charge cards there is not much point in keeping both open and paying such high annual fees. I'd pick one or the other depending on your spending habits and needs
i havent paid any annual fee...yet. i might close the green or pc it to zync before the af hits.
@Weights wrote:I apologize if there's been previous threads about this, but I just wanted to ask this more out of personal curiosity. For those that are interested in becoming an AMEX cardholder, I've seen other posts which suggest to apply for one of these, since these seem easier to obtain than a revolving account. In both your experience and knowledge, do all of their charge cards have the same requirements for qualification, or are there some that are easier to get than others? If so, would you list easiest to hardest? Thanks in advance.
Yes, Charge cards are easier. They all have pretty much the same score requirements. The higher level charge cards may have income requirements. not sure.
The order is: Zync > Green > Gold > Premeir Rewards Gold > Platinum
Amex is a strange bird. 2 years ago I was declined on a preapproval with an EQ and TU FICOS of between 710 and 720. Stated income was 100k. They did not ask about assets or savings.
Last year I apped without any preapprovals for a Plat. Instant approval. That time they asked about both investment assets and savings.
There are likely reasons for the initial decline since I own my home outright but cosigned on a mortgage on another house I am half owner of - the other owner paid the mortgage. From the limited info on an app and what's in a CR it looked like I was lying about where I lived and not having a mortgage on my main home address.
I since refi'ed it for the other owner and now hold the mortgage.Since the mortgage on the CR is now paid it no longer is a problem getting credit. Perhaps if they had asked about assets the first time it might have gotten kicked out for a manual review since my asset range was well over the mortgage amount. I'll never know.