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Valued Contributor
jsickz32
Posts: 1,987
Registered: ‎06-25-2012

Re: AMEX charge cards

Not true you "need" high income and scores. When i got approved for bce, green and PRG my score was 675 and i put 25k as my income cuz thats what i get paid on payroll. I dont include the rest of my income which added up would be almost double.
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
espnjunkie
Posts: 725
Registered: ‎12-14-2011

Re: AMEX charge cards


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.

“The real measure of your wealth is how much you’d be worth if you lost all your money.” ~Unknown
Merrill+ Visa Signature ($25,000.00), Amex BCP ($29,700.00), Amex Green (NPSL), Capital One Quicksilver World Mastercard ($10,000.00), US Bank Business
TU-778 (04/28/2014))
EX (Plus) - 777 (10/21/2013)
EQ - 735 (April 2013)
Established Contributor
espnjunkie
Posts: 725
Registered: ‎12-14-2011

Re: AMEX charge cards

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

“The real measure of your wealth is how much you’d be worth if you lost all your money.” ~Unknown
Merrill+ Visa Signature ($25,000.00), Amex BCP ($29,700.00), Amex Green (NPSL), Capital One Quicksilver World Mastercard ($10,000.00), US Bank Business
TU-778 (04/28/2014))
EX (Plus) - 777 (10/21/2013)
EQ - 735 (April 2013)
Valued Contributor
jsickz32
Posts: 1,987
Registered: ‎06-25-2012

Re: AMEX charge cards


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.

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
espnjunkie
Posts: 725
Registered: ‎12-14-2011

Re: AMEX charge cards

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

“The real measure of your wealth is how much you’d be worth if you lost all your money.” ~Unknown
Merrill+ Visa Signature ($25,000.00), Amex BCP ($29,700.00), Amex Green (NPSL), Capital One Quicksilver World Mastercard ($10,000.00), US Bank Business
TU-778 (04/28/2014))
EX (Plus) - 777 (10/21/2013)
EQ - 735 (April 2013)
Valued Contributor
jsickz32
Posts: 1,987
Registered: ‎06-25-2012

Re: AMEX charge cards


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.

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)
Moderator
webhopper
Posts: 7,230
Registered: ‎09-16-2011

Re: AMEX charge cards


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


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
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Established Contributor
cashnocredit
Posts: 957
Registered: ‎07-18-2009

Re: AMEX charge cards

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.

I have reestablished credit over the last couple years
so my moniker is, well, rather out of date.

WM Discover $1800, WF Plat 12k, Chase Freedom Siggy15k, Amex Plat (60k H/B), Citi AA EWMC 25k
Frequent Contributor
7PM789
Posts: 255
Registered: ‎08-20-2012

Re: AMEX charge cards

I received a "pre approved" offer in the mail after 6 months of using a C.U. issued secured card($500.00 limit), I decided to apply and was approved with npsl. I'm in my early twenties. I think the fact that I always paid in full may have put me on there radar but I can't be certain.
Amex B.C.E. - $2.5k - N.C.F.C.U.M.C. - $5k - Amex Gold - NPSL - Discover More - $7.5k - Sam's Club Discover - $10k -
Walmart Discover - $7.5k - Citi T.Y.P. - $5.5k - Chase Freedom - $2.2k -
W.M.TU-775(July/14/) EQ-726(July/12) EX-753(Jan/13)
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