12-19-2012 06:30 PM - edited 12-19-2012 06:31 PM
A few days ago I got a pre-approval for the First National Bank of Omaha American Express Card. 2% on gasoline and groceries, 1% on everything else, 15.99 rate, and zero intertest until January 2014, no pre-set spending limit.They claim it is only open to a select few, but it is right on their website for all to apply for. I may be making some purchases next year that would do good not being paid for a while so I went ahead and applied.
I then got nervous when I saw that they were very conservative and did not like new accounts or inquiries. I applied yesterday and today the status says approved for 10000. I really thought I would only get 1500 or get declined. So maybe they really do mean it when they say one is pre-approved
Score: 730-750, Experian seems to be impossible to lower below that
Inquiries: Twenty one total (all in the past year), ten in the past six months.
New accounts: Twelve in the past year
Highest limits reporting right now: 10000-Macy's American Express, 7500 Fidelity American Express (FIA), a few others at or above 5000.
Age of history, Two years, eight months
Average age of accounts: one year?
12-19-2012 06:45 PM
And interesting credit profile. I mean, thats a lot of activity in 12 months. I wouldn't have thought you'd be approved. But its awesome you were!
12-19-2012 07:06 PM
Thank you. I have had a lot of luck with issuers, and it is purely luck. Chase only recently gave me a 1000 increase though, so they are a bit tough. Others seem to be fine and not even ask about the inquiries and new accounts.I do not plan on drawing their attention to the card though, it may have been a glitch, haha.
12-19-2012 10:35 PM
FNB is very generous in CLI, my wife got 5400 CLI which is more than double of any of existing card. Today we signed up jointly for BoA visa siggy and approved based on FNB high limit..
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO