Question for AMEX owners with less than 650 FICO score

[Anonymous]

I got approved for the Blue Cash Everyday with a 636 EQ, and it seems like the HP hasn't been reported yet even though I got the card a few weeks ago. However, I did get a low SL ($500). 

[sjt]

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@marcforza1 wrote:

Last baddie was in late 2014 for collections but was paid off back in September. Other than that, on-time payments for the past two years on AU card, about 22% utililization once FICO updates with my FU card that I just got last week, one inquiry and my income is about 26K. 

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I would focus on bringing your UTL % down to below 10% before you apply for an Amex revolver. You would probably get a score bump when you get your UTL down below 10%.

[Anonymous]

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@sjt wrote:

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@Anonymous wrote:

I would personally not app for the card with scores below 650, but in saying that I have the ED and the BCP (the AF one) and enjoy them both. They both have good benefits, it really depends if you want MR benefits or cash back benefits. 

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I thin there is more to the approval process than a FICO score. They probably focus on utilization, payment pattern, credit established from the time of your last baddie, etc.

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Oh I definitely agree, but with scores that low I was assuming there were some badies and it just went without saying Thanks for clarifying what I was trying to say though!

[23matched]

Generally if I do not get an instant prequalify I will not proceed to actually applying. Not if I qualify for one or not, but rather not take the inquiry hit.