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Valued Contributor
Duncanrr
Posts: 2,845
Registered: ‎06-08-2012
0

Re: AMEX latest day to apply to get 2012 member date

That works if instant approval. If there is any processing of app then OP may be in trouble of waits too late.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

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Frequent Contributor
TheConductor
Posts: 492
Registered: ‎07-24-2012
0

Re: AMEX latest day to apply to get 2012 member date

[ Edited ]
I'm going to have 6 months in November 17, but I was wondering if increasing my limit with Wells Fargo would get me more chances to get approved for a charge card with AMEX should I apply in November or December ?

Ok, I went and looked at your older thread. Here's what you have now:

 

1) Wells Fargo $300 secured card

2) Walmart $400 store card

3) Capital 1 $500 unsecured card

 

Amex's scoring is a black box, of course, but if you're going for a charge card I don't think you need to worry nearly as much about boosting your secured limit on the WF as you would need to if you were going for an AmEx revolver.

 

Case in point: my highest open limit when I got approved for the Zync was $2000, and my next highest was $500. I checked my spending ability for the Zync within the first month of having it for $4000 and it was approved. So unlike revolvers, where the lender often tries to gauge where they set your limit by the other limits you have, AmEx apparently uses other methods to determine where the hidden limit on your NPSL lies.

 

That being said, I might, just to be cautious, try to boost the WF card up to slightly over $1000. If you can do that right now before WF does their November report, then apply after it shows on the report, I think you'd be well enough positioned to get a green or gold card as long as utilization and scores are in line for it. You'll have 3 tradelines with 6 months of perfect history, which is the baseline of what they are looking for.

 

Even if you can't do that immediate CL boost, I'd probably go ahead and apply after the November report just to be sure you get in well before the end of 2012. Even if it means a lower hidden limit, the long-term value of an extra year of age on every AmEx account you will ever have has to be worth the hassle of a lower spending ceiling in the short term. AmEx will definitely revise those ceilings as your good history with them accumulates, but you can never change the date of your first AmEx card.

Starting: EQ 622 (myFICO 7/7/12), EX 696 (TU FAKO 8/14/12), TU 621 (CK TransRisk 7/24/12)
Current: EQ 670 (myFICO 9/8/14), EX 694 (Prosper 7/17/14) , TU 693 (WalMart 9/2/14) Goal: 700+ x3
My Wallet: Amex BCP $30k, Chase CSP VS $12.2k, Amex Zync NPSL (> 10k), C1 Venture VS $5k, Amex SPG $4.5k, Walmart (Store) $2.5k, Barclaycard Apple V $2k, Chase Freedom V $1100, BoA Cash Rewards V $500, Best Buy Rewards MC $500
My Loans: Prosper $25k/36mo
My Business: Chase Ink VS $5k
Established Contributor
CruzImperial
Posts: 867
Registered: ‎07-04-2012
0

Re: AMEX latest day to apply to get 2012 member date

I don't want to bother but could you be so gentle to provide us with the opening dates of your CCs?

Fico Scores: . Walmart TU 748 . Garden 8/19 2014 .

Cap One Journey 500 | Discover IT 500 | GE Home Design 5.6k | GE HHGREGG 5k | Amex Zync NPSL | Amex BCE 6k | Citi Forward 4.2k | Citi Dividend 3k | GE BrandsMart 1k | GE Lowes 8.5k | Discover Walmart 7.5k | Barclays Apple 2.5k | BoA CR 2.7k | CSP 7.2k | Platinum Prestige 5k | IT Chrome 4k | Slate 2.3k |
Established Contributor
adavis425
Posts: 522
Registered: ‎02-14-2012
0

Re: AMEX latest day to apply to get 2012 member date

The date of approval is your date of membership. The
only variable would be the 7-10 day message. Seems to me you would have enough time for a 12 member since date.
AmEx Platinum | AmEx BCP | AmEx Delta Gold | CSP | Chase Freedom | NFCU cashRewards Visa Sig | NFCU Plat MC | WM MC | Discover it | JCP


Valued Contributor
creditnocash
Posts: 2,255
Registered: ‎07-23-2012
0

Re: AMEX latest day to apply to get 2012 member date

+1 on the date. 

 

apped for my card at about 9pm aug 30th 2012 and website and card say member since aug 2012

Current: Discover Fico 701 10/14 Walmart Fico 689 9/14

Inquiries (24 Months): EQ 3 TU 0 EX 0 | Most Recent: 09/26/2014


2014 Goals:
Lower Utility
47%(OUCH!!)
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Amex Zync(Unicorn)
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Moderator
Revelate
Posts: 9,549
Registered: ‎12-30-2011
0

Re: AMEX latest day to apply to get 2012 member date

[ Edited ]

pat0812 wrote:

I'm going to have 6 months in November 17, but I was wondering if increasing my limit

with Wells Fargo would get me more chances to get approved for a charge card with AMEX

should I apply in November or December ?


Your historical limits are pretty irrelevant for Amex charge approvals, it's more a factor of income.  I wouldn't sweat this.

 

Honestly though, I'd take the shot twice: November, and then December if not approved; however, I'm firmly of the opinion that a '12 backdate is much better than a '13 backdate over the next 3-4 years, and as such an extra inquiry to me if needed is utterly trivial in comparison (since it's minimal damage and that's gone score-wise in a year anyway).

 

Good info from others posted about the date; however, with the 7-10 day possibility, earlier is better.  I don't think that limits or a 7th reported month will make more than a marginal difference, so I'd simply take the shot after the sixth reported month on my tradeline.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Contributor
pat0812
Posts: 93
Registered: ‎09-10-2012
0

Re: AMEX latest day to apply to get 2012 member date

ok i agree, but if i get denied on november 18th, i will only be able to file the next application in december 19th, that will be very close to the end of the year lol


Starting Score: EQ 683 TU 714
Current Score: EQ 683 TU 714
Goal Score: EQ 740 TU 740


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Regular Contributor
shadow2k
Posts: 108
Registered: ‎01-04-2008
0

Re: AMEX latest day to apply to get 2012 member date

Just as a datapoint, I went back and looked at some old emails from when I app'd to Amex in 2007.  I applied Dec 18th, 2007....instantly approved.  That was a Tuesday, same setup as this year actually.  Mine says 2007.

Moderator Emeritus
tinuviel
Posts: 4,877
Registered: ‎11-02-2010
0

Re: AMEX latest day to apply to get 2012 member date


shadow2k wrote:

Just as a datapoint, I went back and looked at some old emails from when I app'd to Amex in 2007.  I applied Dec 18th, 2007....instantly approved.  That was a Tuesday, same setup as this year actually.  Mine says 2007.


 

You piqued my curiosity, so I went and took a look at the date of the inq for my Amex. I apped on May 18, 2011 and was approved the same day. The account was backdated to May 1987.

 


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
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Frequent Contributor
JustMe77
Posts: 275
Registered: ‎05-27-2009
0

Re: AMEX latest day to apply to get 2012 member date

[ Edited ]

I applied for my Amex Zync on 12/30/2011. I was able to use the card to purchase something that day, because they immediately give you your card # online after approval. 

 

When the card came, it said "member since 2012". My online account said the same thing. I called Amex and they changed it to 2011. Now when I log on to the Amex site, it says "member since 2011". 

Current Cards: Capital One Platinum ($2,500), Banana Republic Visa ($5,300), Chase Freedom ($2,000), Amex Zync (NPSL), Discover It ($11,500), Amex Costco True Earnings ($5,000), Chase Slate ($2,500)

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