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Can I qualify for an AMEX Card?

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Frequent Contributor

Can I qualify for an AMEX Card?

Hey folks.
 
Im just wondering if I can qualify for an AMEX card. Im not to picky on which one i can get but i'm wondering which is the easiest one to get with an EQ score of 685 last time I checked. I have about 9 accounts. 8 of them are current and one of them is an auto loan with one late back in 2004. I have a couple of unpaid collections and no public records. All this info is from my EQ report that I pulled about a month ago.
 
Should I try and apply or should I just wait? We just moved into a new home a little over a week ago and we need stuff around the house.Smiley Tongue
 
Thanks
Greg
As of 3/17/08 - TU 619 / EQ 666 / Ex 624
As of 4/17/08 -TU 621 / EQ 671 / Ex 626
As of 6/07/08 - TU 627/ EQ 688 / EQ 644
Message 1 of 11
10 REPLIES
Moderator Emeritus

Re: Can I qualify for an AMEX Card?

Amex will pull EX, so your EQ score is not important.  Do you know your EX score?
 
How old are the collections?
 
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. Smiley Surprised )
Message 2 of 11
Frequent Contributor

Re: Can I qualify for an AMEX Card?

EX = 644. I have alot of lates on 12 or so accounts on that one though. Most of the accounts are old, 2003 is probably the lastest. No Public Records. A few old collections.
 
Im just trying to see what card I can get with my scores with a low percentage rate.
 
Thanks
G


Message Edited by theshadow12345 on 07-08-2008 11:30 AM
As of 3/17/08 - TU 619 / EQ 666 / Ex 624
As of 4/17/08 -TU 621 / EQ 671 / Ex 626
As of 6/07/08 - TU 627/ EQ 688 / EQ 644
Message 3 of 11
Frequent Contributor

Re: Can I qualify for an AMEX Card?

I was approved for a Costco Amex with a fair score of around 660.
I've read on this board that you will have a better chance if your scores are higher.
 
Good luck!
Message 4 of 11
Moderator Emeritus

Re: Can I qualify for an AMEX Card?

Amex doesn't like any baddies less than two years old, and that's for their lower-end cards like the Green and the Gold Delta SkyMiles.
 
Your EX score should be fine for one of those cards, but might be a little low for any others.  YMMV, as always.
 
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. Smiley Surprised )
Message 5 of 11
Senior Contributor

Re: Can I qualify for an AMEX Card?

Amex will decline quickly for high util. How are your balances on other cards?
Here we go again...
Message 6 of 11
Established Contributor

Re: Can I qualify for an AMEX Card?

644 is pushing it a bit, though it really depends which card you're applying for. AmEx usually extends credit to those with 'good' (650-750) to 'excellent' (750-850) credit scores. If you don't really care which card you get, I'd stick with either the Clear or, if you have a Costco membership, the True Earnings. Those two cards are for the 'good' credit range.
 
The True Earnings card actually takes into consideration your purchase history at Costco so that may help you or hurt based on how long you've been a member, if you are one. You may even consider signing up for a Costco membership and apply for the card when you sign up -- you mentioned needing to buy stuff for around the house and Costco has great prices on all sorts of household stuff.
Also, if you have had or already do have an account with AmEx and your record is relatively good it'll improve your chances of being approved. It might be worth it to wait a couple of months before applying though.
Message 7 of 11
Established Contributor

Re: Can I qualify for an AMEX Card?

Forgot to mention, good luck! AmEx is amazing
Message 8 of 11
Established Contributor

Re: Can I qualify for an AMEX Card?

How is AMEX with a bk?   Must be at least 2 years old, or no go if on the report at all?
Message 9 of 11
Moderator Emeritus

Re: Can I qualify for an AMEX Card?



Boscoe wrote:
How is AMEX with a bk?   Must be at least 2 years old, or no go if on the report at all?


No go at all, no matter how old.

 
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. Smiley Surprised )
Message 10 of 11