08-05-2011 11:41 AM
I am seriously considering applying for both an American Express® Gold Card and Blue Cash EverydaySM and I am wondering what everyone's experiences have been when applying for two products on the same day?
(1) In what circumstances will American Express allow you to apply for multiple products and use a single EX inquiry for consideration for both products?
(2) Do both Applications have to be for products in the same class such as "charge" or "credit" or can you apply for one of each and have them use that same pull?
I would appreciate any Feedback from those who have applied for multiple products.. what have your experiences been with how many inquries were pulled from the CRA's??
I have scores of 770 (TU) and 775 (EQ), only baddie is a 30 day late from about 2.5 years ago, and AAOA is 7 years.
Thanks for any feedback!
08-05-2011 11:47 AM
Just got done chatting with an online rep with AmEx who said it would be another full inquiry. Now whether is shows up that way on your EX, if it's the same day, I can't say for sure.
08-05-2011 12:02 PM
I've done exactly what you're thinking of doing and it resulted in only one hard pull on EX. I think you'll find the general consesus is that multiple apps in the same day result in only one pull.
08-06-2011 10:25 AM
Thanks. That was my impression and I havent yet seen anyone mention on the forums that they did multiple apps in the same day and experienced multiple inquries. I will probably app for the Gold first as I have recieved several preapprovals for it in the mail and then I will follow up with the Blue Cash or Blue Cash Preferred (still deciding if the preffered is worh it after the AF).
09-09-2011 08:12 AM
09-09-2011 08:27 AM
I think others are correct when they say only 1 inq. is done with multiple apps in one day, however, be sure they are both done online. I did two apps in one day and one was on the computer and the other was done on the phone and it was two pulls for me, so just be sure they're both online and close to the same time as possible.
As far as being in the same category (charge vs. revolving) I don't believe that matters since they pull the same report for both.
09-09-2011 08:39 AM
No problem dharalex, I probably should have updated this thread. I waited exactly six months since my last hard inquiry which was in 3/11 (TU) and during that time reported my utilisation at 1% leaving about a $50 balance on one of my cards. I had three specific cards that I wanted to add to my credit profile; Premier Rewards Gold Card from American Express, Blue Cash Preferred from American Express and Discover More. I applied for the PR Gold first and was instantly approved and about ten minutes later I submitted my Blue Cash Preferred application - Initially I got a 14 day message but upon checking the status (that very second), it was also immediately approved.
Later that morning I applied for a Discover More, I went to the Discover Pre-Approval site as I had recieved about 8 previous pre-approval offers in the mail, one with a better APR offer, luckly I was able to find that offer via the PreApproval site and Applied - Again Instantly Approved for a CL of $5000.
So the all important information you want to know, single inquiry or not??
I verified a few days later via the EX backdoor that there was indeed a single inquiry on EX. Previously I had 2 and now I have 3. My guess is that card issuers have some sort of contract with the CRA's that allow them to store your credit report in their database for a specific timeframe, when you apply I assume their webapp queries their database to check if theres a current report in their systems and if there is they use that to decide any application within that timeframe, if not they send a query to EX's API to pull a new report. So thats my experience, good luck and as always YMMV.
Luckly for me my credit really didnt need rebuilding any, I made a few tweaks as I explained that may have helped contribute to the outcome.
09-09-2011 07:40 PM - edited 09-09-2011 07:41 PM
I recently applied for AMEX Zync and AMEX Clear, did both on line, about 75 minutes apart. Applied for Zync first, was instantly approved. When I applied for Clear, got a message that my ap was received and that decision was pending. I asked here (at the forum) about an AMEX status update site, and was given the appropriate site, plugged in the data, and found that I'd been approved for Clear as well! Received an email about an hour after applying for Zync, received an email the following day after applying for Clear. Checked to see what was pulled, there was only one EX pull. Approved with EX score of 717, less that 10% UTI (at that time). Just waiting for both cards to come in the mail!
09-09-2011 07:49 PM
What type of card is clear? Credit or charge?
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.