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Amex Questions-

Regular Contributor

Amex Questions-

1) is there any income medium for Amex Gold Premier Rewards card?

2) I was approved for the ZYNC on September 19th (being preapproved for the Green and Gold), generated my first statement on October 12th,and paid my first outstanding balance of $1,059 yesterday. When can I app again for their higher charge rewards card? Don't you have to wait like 30 days between apps?

Thanks
Zync from American Express- NPSL
Amex BCE- $1,000
Discover IT- $1,500
Bank of America 1-2-3 Rewards-$1,000
Chase Freedom- $500
Capital One- $500
Message 1 of 5
4 REPLIES
Regular Contributor

Re: Amex Questions-

Also, is it true that you always have a Amex account, any app denial will not be a HP?
Zync from American Express- NPSL
Amex BCE- $1,000
Discover IT- $1,500
Bank of America 1-2-3 Rewards-$1,000
Chase Freedom- $500
Capital One- $500
Message 2 of 5
Frequent Contributor

Re: Amex Questions-

I believe you have to wait 30 days between apps. I would wait at least until you pay your second bill at least. And yes, it is true that for existing cardmembers, a denial is always just a SP. If you get approved, they do a HP just to double check. Just make sure you apply while logged in to your account!

Message 3 of 5
Moderator

Re: Amex Questions-

It's 30 days if you're denied (application will be automatically cancelled); however, for approvals there's no such requirement.   I'd probably wait the extra month anyway as scientifics suggests; however, there was another thread yesterday which discussed the spend requirements to really make the PRG worthwhile; I probably need to go napkin math it out at some point as I was frankly shocked by the findings but I'd suggest taking a look at it.

 

Edit: for reference and so I don't lose it (memory failing these days), all credit to Cdnewmanpac and CreditScholar: here

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


Take the myFICO Fitness Challenge
Message 4 of 5
Regular Contributor

Re: Amex Questions-

Thanks. Yea, I think after doing the math in my annual spending habits, the PRG is just not worth it. I am not going to spend at least 30K in a year to make he PRG worthwhile. Thanks for the link Revelate!

Zync from American Express- NPSL
Amex BCE- $1,000
Discover IT- $1,500
Bank of America 1-2-3 Rewards-$1,000
Chase Freedom- $500
Capital One- $500
Message 5 of 5