Amex Gold Application Requirements

[James_Madison]

My experian score is 610 (I have some charge offs from ~5 years ago that keep dragging down my score). Utilization is 0%. Income is $175k+. What are my chances of getting approved for a gold card? I don't want to apply and get hit with the HP for nothing.

Also, I read on one of these forums that amex may deny you, but counter with a card secured by a $10K CD. Is that something people have had success with?

[pizzadude]

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@James_Madison wrote:

My experian score is 610 (I have some charge offs from ~5 years ago that keep dragging down my score). Utilization is 0%. Income is $175k+. What are my chances of getting approved for a gold card? I don't want to apply and get hit with the HP for nothing.

Also, I read on one of these forums that amex may deny you, but counter with a card secured by a $10K CD. Is that something people have had success with?

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Is this your EX score from here at MyFICO ?   

AMEX hasn't offered the secured card lately that I aware, so if you're denied there may not be a counter~offer.

[09Lexie]

Welcome to the forum! Do you mind sharing your cr profile? Current cc's, inq's, any other baddies besides the COs?

[James_Madison]

BofA cash rewards ($3k), Wells Fargo cash back ($4.5k), 2 inq in last 12 months and only baddies were the COs

[James_Madison]

the 610 is from experian's website

[09Lexie]

Where did you get the Ex score?

Edit: just saw your response.

[09Lexie]

Experian score is a FAKO. Not a true FICO, you could pull your score here and based on the information you listed it should be higher

Are the COs paid?

[James_Madison]

No they aren't paid. I didn't think it would help my score so I just left them. Bad idea?

[DrJim]

I would work to get the CO's off your CR and get the score over 700 before apping with AMEX.  Can you get approved with a slightly lower score? Probably, but why waste the inquiry.  Just my .02.

[09Lexie]

5 unpaid COs are a major issue ESP with Amex. Have you verified the DOFD to confirm they would be off in 2 years?