No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Hi Everyone,
As my title indicates eventually I would like to app for the AMEX . I don't plan on apping at least until the summer or longer but I wanted to get an idea of my chances. I know that amex typically pulls Experian which Fico08 says my score is 621. I have my BK from 2010 reporting on Experian and one paid collection. I do have a late payment from 13 months ago that is hurting my score as well. I know the score is pretty low but what does it need to be to get approval?
I guess my best option is to wait for those lates to age with more time and then revisit my score at that time... Any tips or comments are appreciated.
Side note Cap one agreed to remove the late but its going to take 60 days for that to show up. Current Cards: QS1:1500, Cap One Plat:1000, Finger Hut: 400, WM Store Card: 300, car loan. Utilization is currently 13%
Well just as a ref point I got my ED card I think I was in the 690's but I think I've seen others with lower fico scores... maybe even 670's. What I dont know is how amex deals with BK, others can moment on that. Did you burn them in the BK?
Get your score up to 720
@meljeff1 wrote:Hi Everyone,
As my title indicates eventually I would like to app for the AMEX . I don't plan on apping at least until the summer or longer but I wanted to get an idea of my chances. I know that amex typically pulls Experian which Fico08 says my score is 621. I have my BK from 2010 reporting on Experian and one paid collection. I do have a late payment from 13 months ago that is hurting my score as well. I know the score is pretty low but what does it need to be to get approval?
I guess my best option is to wait for those lates to age with more time and then revisit my score at that time... Any tips or comments are appreciated.
Side note Cap one agreed to remove the late but its going to take 60 days for that to show up. Current Cards: QS1:1500, Cap One Plat:1000, Finger Hut: 400, WM Store Card: 300, car loan. Utilization is currently 13%
I had Cap One remove a late. The also told me it could take up to 60 days and it was gone within two.
@meljeff1 wrote:I don't plan on apping at least until the summer or longer but I wanted to get an idea of my chances. I know that amex typically pulls Experian which Fico08 says my score is 621. I have my BK from 2010 reporting on Experian and one paid collection. I do have a late payment from 13 months ago that is hurting my score as well. I know the score is pretty low but what does it need to be to get approval?
It's never just about score but you can refer to the Credit Pulls Database (Google to find) if desired. If you have dergos like collections, lates, etc then hit the Rebuilding suboforum and carefully research to see what you can do to address them. Derogs like that tend to have a major impact and hold one down as long as they are on reports. Don't just rely on what you think you might or might not get approved for. Approval is just the start. Your credit profile will play a major role in determning limit, APR, CLI's, etc.
Also make sure you're running the numbers for your spend and considering total cost/benefit versus just the AF. Quick calculations indicate to me that the BCP and BCE are even on rewards at $2,500 annual grocery spend. If you have more than that then the BCP is a better fit.
I got my AMX BCE with a score of around 740 back in Jan.5K SCL. Also got the ED card as well. That had a 5K SCL with an instant 5K increase. (Total of 10K)