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@improvedcredit wrote:Hello everyone
I have recently been receiving pre-selected offers for American Express green and gold. I have a deadline of mid April to respond. I was wondering if I should pull the trigger on any of these before receiving a hard pull on my credit report. As for my score.... I am at a 614 on my TransUnion and a 644 on my Equifax (pulled on MyFico.com) two weeks ago. So what I would like to know if a pre-selected offer from American Express mean a definite approval or a possible denial with these scores.
Please if anyone has been put in this position for applying for one of these great cards, please let me know what the end results were for your application process.
Thank you in advance...
These deadlines are meaningless. They are there to entice you to respond. There is no evidence that I am aware of that any creditor relaxes their approval standards for preapprovals. If they'll approve you now, they'll approve you after the offer expires. You should concentrate on positioning yourself as best as possible for an approval and not worry about whether that can be done prior to offer expiration.
@improvedcredit wrote:I have been approved for 2 credit cards, one limit is 400, which went up 500 after I kept paying the balance off every month. The second card is 650 limit and I pay that balance off every month. I am also a authorize user for a bank of america card that has a limit of 2500 and I pay that balance off every two months. All cards have been in a 5 month period.
You might want to wait a few more months before you apply ~ 5 months is a little bit lean IMO. And as Walt pointed out, there is no real deadline to apply by the end of the month, you can app anytime....
@FicoTron wrote:
I got a green invite a few ekes ago and a gold invite today. I have one questionable mark on my report which is an account which was charged off in 2006, but I paid it in 2011. I'm not sure weather to consider that a 6 year old CO, or a 1 year old CO. Anyone know?
http://www.ehow.com/about_5379511_chargeoff-date.html
That article explains how CO's work. Basically, it is on your account for 7 years, regardless of payment. So your charge off of 6 years old, not just one.