Credit Card Center Advertiser Disclosure

Reply
Community Leader
Valued Contributor
Posts: 1,242
Registered: ‎11-19-2016
0 Kudos

Re: Thinking of cold apping AMEX

[ Edited ]

MyLoFICO wrote:

My goal is the BCP and Platinum. But, In the spirit of avoiding outlandish AF's I will go for the PRG. Will it be harder for me to get the BCP thant the BCE? They seems to be similar but if one is like a Signature vs a regular Visa then I want to avoid the signature or higher level of the card I think. 


I think the underwriting standards are pretty much the same for all of the non-cobranded revolvers, even if some of them may appear to be a more premium product (green/gold/platinum are same underwriting for instance).  Your SL could be higher with a cobranded card, but remember that you can only PC AmEx cards within their families so no use opening a Delta or SPG for an initially higher line if the benefits are not more useful to you than a EDP or BCE or whatever alphabet soup revolver.  You know the drill with the 3x and it'll grow fast enough to make you nervous about asking for more in no time.

 

I think new cardmembers in Approvals have been reporting success with applying for a charge card the same day as a revolver and vice versa.  In your case, I think the PRG is an appropriate choice for the time being.  Also you could grab a bonus now for PRG and when you upgrade later take them up on another 60k or so points.


400k+ club. | FICO 08 [June 2017]: EQ 745 EX 745 TU 735 | Repeat garden bronze spade offender.
Valued Contributor
Posts: 1,278
Registered: ‎04-28-2016
0 Kudos

Re: Thinking of cold apping AMEX

[ Edited ]

K-in-Boston wrote:

MyLoFICO wrote:

My goal is the BCP and Platinum. But, In the spirit of avoiding outlandish AF's I will go for the PRG. Will it be harder for me to get the BCP thant the BCE? They seems to be similar but if one is like a Signature vs a regular Visa then I want to avoid the signature or higher level of the card I think. 


I think the underwriting standards are pretty much the same for all of the non-cobranded revolvers, even if some of them may appear to be a more premium product (green/gold/platinum are same underwriting for instance).  Your SL could be higher with a cobranded card, but remember that you can only PC AmEx cards within their families so no use opening a Delta or SPG for an initially higher line if the benefits are not more useful to you than a EDP or BCE or whatever alphabet soup revolver.  You know the drill with the 3x and it'll grow fast enough to make you nervous about asking for more in no time.

 

I think new cardmembers in Approvals have been reporting success with applying for a charge card the same day as a revolver and vice versa.  In your case, I think the PRG is an appropriate choice for the time being.  Also you could grab a bonus now for PRG and when you upgrade later take them up on another 60k or so points.


I don't see how Platinum makes sense as a "goal". The underwriting criteria are the same as for PRG. Either Platinum works for you at $550 or it doesn't. You can probably get more points by getting a PRG first and then PCing. But...if you use the Platinum perks enough...it's nice to just have one when you need it.

 

BCE and BCP have similar underwriting criteria. The difference is just the rewards/AF tradeoff.

 

I'm not sure how differently they'll view 27% utilization from 31% utilization.

 

You can't PC between families like before, but you can move credit between personal revolvers. Last I checked, the only rule was that the donor card had to be 13 months old.

Perks, purchase protection, and sketchy merchants: Schwab Platinum.....Price rewind and extended warranties: Costco.....Travel insurance: Prestige.....Renewal nights: IHG, Hyatt.....Rewards/Offers: Discover, Freedom, ED, BCE.....Taxes/Misc: SPG...Questioning the value of: CSP, Arrival

760ish FICOs...Rebucketing hurts!
Total CL: Enough
Established Contributor
Posts: 737
Registered: ‎08-31-2016
0 Kudos

Re: Thinking of cold apping AMEX


wasCB14 wrote:

K-in-Boston wrote:

MyLoFICO wrote:

My goal is the BCP and Platinum. But, In the spirit of avoiding outlandish AF's I will go for the PRG. Will it be harder for me to get the BCP thant the BCE? They seems to be similar but if one is like a Signature vs a regular Visa then I want to avoid the signature or higher level of the card I think. 


I think the underwriting standards are pretty much the same for all of the non-cobranded revolvers, even if some of them may appear to be a more premium product (green/gold/platinum are same underwriting for instance).  Your SL could be higher with a cobranded card, but remember that you can only PC AmEx cards within their families so no use opening a Delta or SPG for an initially higher line if the benefits are not more useful to you than a EDP or BCE or whatever alphabet soup revolver.  You know the drill with the 3x and it'll grow fast enough to make you nervous about asking for more in no time.

 

I think new cardmembers in Approvals have been reporting success with applying for a charge card the same day as a revolver and vice versa.  In your case, I think the PRG is an appropriate choice for the time being.  Also you could grab a bonus now for PRG and when you upgrade later take them up on another 60k or so points.


I don't see how Platinum makes sense as a "goal". The underwriting criteria are the same as for PRG. Either Platinum works for you at $550 or it doesn't. You can probably get more points by getting a PRG first and then PCing. But...if you use the Platinum perks enough...it's nice to just have one when you need it.

 

BCE and BCP have similar underwriting criteria. The difference is just the rewards/AF tradeoff.

 

I'm not sure how differently they'll view 27% utilization from 31% utilization.

 

You can't PC between families like before, but you can move credit between personal revolvers. Last I checked, the only rule was that the donor card had to be 13 months old.


I don't believe the UW criteria is any different for the BCP vs the BCE. I originally got the BCE but didn't want the annual fee at the end of a year so I PC'd to the BCE. I also have the PRG, I found that fit me better than the, at the time, $450 AF that the Platinum was. 

 

As a heads up for the credit between lines, I have moved credit from 2 cards to my BCE well before the 13 month time frame. So I think that's a varies on the person type of thing. 

 

Good luck with the app! 




EQ: 740 TU: 728 EX: 700
Valued Contributor
Posts: 2,035
Registered: ‎02-05-2016
0 Kudos

Re: Thinking of cold apping AMEX


K-in-Boston wrote:

MyLoFICO wrote:

My goal is the BCP and Platinum. But, In the spirit of avoiding outlandish AF's I will go for the PRG. Will it be harder for me to get the BCP thant the BCE? They seems to be similar but if one is like a Signature vs a regular Visa then I want to avoid the signature or higher level of the card I think. 


I think the underwriting standards are pretty much the same for all of the non-cobranded revolvers, even if some of them may appear to be a more premium product (green/gold/platinum are same underwriting for instance).  Your SL could be higher with a cobranded card, but remember that you can only PC AmEx cards within their families so no use opening a Delta or SPG for an initially higher line if the benefits are not more useful to you than a EDP or BCE or whatever alphabet soup revolver.  You know the drill with the 3x and it'll grow fast enough to make you nervous about asking for more in no time.

 

I think new cardmembers in Approvals have been reporting success with applying for a charge card the same day as a revolver and vice versa.  In your case, I think the PRG is an appropriate choice for the time being.  Also you could grab a bonus now for PRG and when you upgrade later take them up on another 60k or so points.


Yeah I won't be going co-branded. I like being able to move CL between revolvers and merge if needed. I think the BCP and PRG are on tap Friday. You want to hear something funny, before my app spree and being in the garden for a year, I would not have hesitated. I would have been eager to try. I suppose it is the result of learning a lesson the hard way, kinda like with my UTIL right now. I owe this forum a lot, I really do. The advice I get here is invaluable, even if it might not be what I want to hear. 


TCL 115k / UTIL 23% = $26,690
Experian: 673 (33) | TransUnion: 692 (34) | Equifax: 692 (6)
Gardening as of: 6-1-2017
Updated 7-26-17
Valued Contributor
Posts: 2,035
Registered: ‎02-05-2016
0 Kudos

Re: Thinking of cold apping AMEX


wasCB14 wrote:

K-in-Boston wrote:

MyLoFICO wrote:

My goal is the BCP and Platinum. But, In the spirit of avoiding outlandish AF's I will go for the PRG. Will it be harder for me to get the BCP thant the BCE? They seems to be similar but if one is like a Signature vs a regular Visa then I want to avoid the signature or higher level of the card I think. 


I think the underwriting standards are pretty much the same for all of the non-cobranded revolvers, even if some of them may appear to be a more premium product (green/gold/platinum are same underwriting for instance).  Your SL could be higher with a cobranded card, but remember that you can only PC AmEx cards within their families so no use opening a Delta or SPG for an initially higher line if the benefits are not more useful to you than a EDP or BCE or whatever alphabet soup revolver.  You know the drill with the 3x and it'll grow fast enough to make you nervous about asking for more in no time.

 

I think new cardmembers in Approvals have been reporting success with applying for a charge card the same day as a revolver and vice versa.  In your case, I think the PRG is an appropriate choice for the time being.  Also you could grab a bonus now for PRG and when you upgrade later take them up on another 60k or so points.


I don't see how Platinum makes sense as a "goal". The underwriting criteria are the same as for PRG. Either Platinum works for you at $550 or it doesn't. You can probably get more points by getting a PRG first and then PCing. But...if you use the Platinum perks enough...it's nice to just have one when you need it.

 

BCE and BCP have similar underwriting criteria. The difference is just the rewards/AF tradeoff.

 

I'm not sure how differently they'll view 27% utilization from 31% utilization.

 

You can't PC between families like before, but you can move credit between personal revolvers. Last I checked, the only rule was that the donor card had to be 13 months old.


The Platinum, truthfully, is more of a kind of trophy for me, a poor mans Centurion, or the closest I will likely ever get to one. I don't fly and I likely would not have used it enough to warrant the AF. I'm sure that if I got approved I would probably kick myself for getting tied up in that AF and I did not even think of the damage to my AAoA. I think for now I will stick to the BCP and PRG. I know I can use that one, and I would probably pee my chair if I got em, especially both, and not with a credit steps type of SL. But, I would be ecstatic just to not waste a HP and to get both with one would be the best HP I have spent since finding this place. 


TCL 115k / UTIL 23% = $26,690
Experian: 673 (33) | TransUnion: 692 (34) | Equifax: 692 (6)
Gardening as of: 6-1-2017
Updated 7-26-17
Valued Contributor
Posts: 2,035
Registered: ‎02-05-2016
0 Kudos

Re: Thinking of cold apping AMEX


smc4getnot wrote:

wasCB14 wrote:

K-in-Boston wrote:

MyLoFICO wrote:

My goal is the BCP and Platinum. But, In the spirit of avoiding outlandish AF's I will go for the PRG. Will it be harder for me to get the BCP thant the BCE? They seems to be similar but if one is like a Signature vs a regular Visa then I want to avoid the signature or higher level of the card I think. 


I think the underwriting standards are pretty much the same for all of the non-cobranded revolvers, even if some of them may appear to be a more premium product (green/gold/platinum are same underwriting for instance).  Your SL could be higher with a cobranded card, but remember that you can only PC AmEx cards within their families so no use opening a Delta or SPG for an initially higher line if the benefits are not more useful to you than a EDP or BCE or whatever alphabet soup revolver.  You know the drill with the 3x and it'll grow fast enough to make you nervous about asking for more in no time.

 

I think new cardmembers in Approvals have been reporting success with applying for a charge card the same day as a revolver and vice versa.  In your case, I think the PRG is an appropriate choice for the time being.  Also you could grab a bonus now for PRG and when you upgrade later take them up on another 60k or so points.


I don't see how Platinum makes sense as a "goal". The underwriting criteria are the same as for PRG. Either Platinum works for you at $550 or it doesn't. You can probably get more points by getting a PRG first and then PCing. But...if you use the Platinum perks enough...it's nice to just have one when you need it.

 

BCE and BCP have similar underwriting criteria. The difference is just the rewards/AF tradeoff.

 

I'm not sure how differently they'll view 27% utilization from 31% utilization.

 

You can't PC between families like before, but you can move credit between personal revolvers. Last I checked, the only rule was that the donor card had to be 13 months old.


I don't believe the UW criteria is any different for the BCP vs the BCE. I originally got the BCE but didn't want the annual fee at the end of a year so I PC'd to the BCE. I also have the PRG, I found that fit me better than the, at the time, $450 AF that the Platinum was. 

 

As a heads up for the credit between lines, I have moved credit from 2 cards to my BCE well before the 13 month time frame. So I think that's a varies on the person type of thing. 

 

Good luck with the app! 


Thanks. I agree about the PRG being more fitting than the Plat. I would love to have that "symbol" of flashiness but Like my other cards I think that would wear off in about 30 minutes. Not to mention the fact that the reason I have some of my cards that I have now is because of personal appeal rather than usefulness and that is yet another hard lesson. I wish I knew then what I know now...20/20 as they say.


TCL 115k / UTIL 23% = $26,690
Experian: 673 (33) | TransUnion: 692 (34) | Equifax: 692 (6)
Gardening as of: 6-1-2017
Updated 7-26-17
Valued Contributor
Posts: 2,035
Registered: ‎02-05-2016
0 Kudos

Re: Thinking of cold apping AMEX


wasCB14 wrote:

K-in-Boston wrote:

MyLoFICO wrote:

My goal is the BCP and Platinum. But, In the spirit of avoiding outlandish AF's I will go for the PRG. Will it be harder for me to get the BCP thant the BCE? They seems to be similar but if one is like a Signature vs a regular Visa then I want to avoid the signature or higher level of the card I think. 


I think the underwriting standards are pretty much the same for all of the non-cobranded revolvers, even if some of them may appear to be a more premium product (green/gold/platinum are same underwriting for instance).  Your SL could be higher with a cobranded card, but remember that you can only PC AmEx cards within their families so no use opening a Delta or SPG for an initially higher line if the benefits are not more useful to you than a EDP or BCE or whatever alphabet soup revolver.  You know the drill with the 3x and it'll grow fast enough to make you nervous about asking for more in no time.

 

I think new cardmembers in Approvals have been reporting success with applying for a charge card the same day as a revolver and vice versa.  In your case, I think the PRG is an appropriate choice for the time being.  Also you could grab a bonus now for PRG and when you upgrade later take them up on another 60k or so points.


I don't see how Platinum makes sense as a "goal". The underwriting criteria are the same as for PRG. Either Platinum works for you at $550 or it doesn't. You can probably get more points by getting a PRG first and then PCing. But...if you use the Platinum perks enough...it's nice to just have one when you need it.

 

BCE and BCP have similar underwriting criteria. The difference is just the rewards/AF tradeoff.

 

I'm not sure how differently they'll view 27% utilization from 31% utilization.

 

You can't PC between families like before, but you can move credit between personal revolvers. Last I checked, the only rule was that the donor card had to be 13 months old.


I am in agreement with this. I am really hoping to see a score bump due the the drop which I think will help my chance of approval and SL.


TCL 115k / UTIL 23% = $26,690
Experian: 673 (33) | TransUnion: 692 (34) | Equifax: 692 (6)
Gardening as of: 6-1-2017
Updated 7-26-17
Valued Contributor
Posts: 1,278
Registered: ‎04-28-2016
0 Kudos

Re: Thinking of cold apping AMEX


MyLoFICO wrote:

wasCB14 wrote:

I don't see how Platinum makes sense as a "goal". The underwriting criteria are the same as for PRG. Either Platinum works for you at $550 or it doesn't. You can probably get more points by getting a PRG first and then PCing. But...if you use the Platinum perks enough...it's nice to just have one when you need it.

 

BCE and BCP have similar underwriting criteria. The difference is just the rewards/AF tradeoff.

 

I'm not sure how differently they'll view 27% utilization from 31% utilization.

 

You can't PC between families like before, but you can move credit between personal revolvers. Last I checked, the only rule was that the donor card had to be 13 months old.


I am in agreement with this. I am really hoping to see a score bump due the the drop which I think will help my chance of approval and SL.


 I'm thinking in terms of what a human analyst might think if your application takes that route. I'm not sure what emphasis their computers place on a score itself.

 

Amex has a reputation for relying more heavily on internal metrics than a score from a third party (at least as far as dealing with existing customers).

 

As far as Platinum...I get the desire to have a trophy card...but yeah, it's best for people who travel a lot and/or need serious purchase protection.

 

Before you go for PRG, though, keep in mind that BCP (at least through the current offer on the main Amex site) has a 10% dining promo that covers $2k in spend within the first 6 months. I'm not sure what your dining spend is. Mine's pretty uneven, but you might find that BCP is better for groceries, gas, and dining early on. If you don't fly much, you might not get much use of PRG early on.

 

What bonus were you looking at for PRG? I see 25k on the main page. It might be worth waiting for a better one.

 

If you just want to get in with them or just want both, I understand that.

Perks, purchase protection, and sketchy merchants: Schwab Platinum.....Price rewind and extended warranties: Costco.....Travel insurance: Prestige.....Renewal nights: IHG, Hyatt.....Rewards/Offers: Discover, Freedom, ED, BCE.....Taxes/Misc: SPG...Questioning the value of: CSP, Arrival

760ish FICOs...Rebucketing hurts!
Total CL: Enough
Valued Contributor
Posts: 2,035
Registered: ‎02-05-2016
0 Kudos

Re: Thinking of cold apping AMEX


wasCB14 wrote:

MyLoFICO wrote:

wasCB14 wrote:

I don't see how Platinum makes sense as a "goal". The underwriting criteria are the same as for PRG. Either Platinum works for you at $550 or it doesn't. You can probably get more points by getting a PRG first and then PCing. But...if you use the Platinum perks enough...it's nice to just have one when you need it.

 

BCE and BCP have similar underwriting criteria. The difference is just the rewards/AF tradeoff.

 

I'm not sure how differently they'll view 27% utilization from 31% utilization.

 

You can't PC between families like before, but you can move credit between personal revolvers. Last I checked, the only rule was that the donor card had to be 13 months old.


I am in agreement with this. I am really hoping to see a score bump due the the drop which I think will help my chance of approval and SL.


 I'm thinking in terms of what a human analyst might think if your application takes that route. I'm not sure what emphasis their computers place on a score itself.

 

Amex has a reputation for relying more heavily on internal metrics than a score from a third party (at least as far as dealing with existing customers).

 

As far as Platinum...I get the desire to have a trophy card...but yeah, it's best for people who travel a lot and/or need serious purchase protection.

 

Before you go for PRG, though, keep in mind that BCP (at least through the current offer on the main Amex site) has a 10% dining promo that covers $2k in spend within the first 6 months. I'm not sure what your dining spend is. Mine's pretty uneven, but you might find that BCP is better for groceries, gas, and dining early on. If you don't fly much, you might not get much use of PRG early on.

 

What bonus were you looking at for PRG? I see 25k on the main page. It might be worth waiting for a better one.

 

If you just want to get in with them or just want both, I understand that.


I will probably hold out for a better bonus on the PRG. I had an e-mail a few weeks ago for 50K but I deleted it. I am sure its not any good anymore. It might also have been for my business. The PRG is going to be my daily driver. Right now I use Discover but they have gotten so wonky and stuck me at $200CL unsecured after 14 statements so I SD'd them until they start playing nice. I hate making $200 payments more than once a month after doing it for a year to show good behavior and now I get told I don't have enough experience. I have more pressing issues. The BCP I am looking to BT some high APR low limit cards so I can close them and thin my file a little. 


TCL 115k / UTIL 23% = $26,690
Experian: 673 (33) | TransUnion: 692 (34) | Equifax: 692 (6)
Gardening as of: 6-1-2017
Updated 7-26-17
Contributor
Posts: 103
Registered: ‎05-20-2016

Re: Thinking of cold apping AMEX


MyLoFICO wrote:

I have been turned down in the past for Amex. I have app'd for the Delta Skymiles, PRG and a business card. My inquiries are as follows for those app dates. 

12-2015 Score unknown - PRG I think.

2-2016 EXP 639 - Sky Miles

4-2016 EXP 661 - Business Card

 

In a few days my UTIL will dip below 30% to about 27% and my score will likely get a pretty good bump above 700. This is a permanent drop, not from like a BT or anything. Scores and Inq's in signature are accurate. See below if you can't see my siggy.

 

When this happens I am thinking of cold apping AMEX since I don't have any pre-qualified offers from any card company at all. I wonder if my number of store cards (11) is going to be a deal breaker after reading some of the stories here though. After 5-1-17 I will only have 1 inq out of all my reports combined under 12 months old. The "Seeking Credit" factor has dropped off all 3 according to CCT 3-score report. My charge off dropped of in February so that is gone. 

 

I really don't want to get declined for this because I will be leaving the garden for this and I am hyper sensitive to inquiries now that I have been in inquiry prison for a year. I need the Blue Cash or Blue Cash Preferred. But, I am not sure I want the Everyday Card and $500SL with 5 months thing like everyone is getting. I need a decent SL but its not a deal breaker as long as it gets me in the door. I need to know what my odds are. If you need more info, just say the word. According to CCT my last late was 30 months ago. I have goodwill letters out that could change that too. What should I do to improve my odds? 

 

Scores for those who can't see them. 

TCL 96k / UTIL 31%
Experian: 680 (24) | TransUnion: 698 (30) | Equifax: 680 (19)
Gardening as of: 8-14-2016
Updated 4-14-17


Well, whatever you decide to do I wish ya luck. I just closed on my home and decided to cold app for the AMEX ED before entering the Garden. Got a good offer via incognito, pulled the trigger, and was rewarded with a nice approval message. Only $1K SL, but an approval for me is better than a denial. Cheers!

FAKO: TU (677) EQ (664)
FICO8: TU (638) EQ (623)EXP (662)
Entering the Garden Sometime in 2017
Goal: Low 700's by the end of 2017
AMEX Plat | PRG | Delta Gold $5,000 | BCE $1,000 Barclay Rewards MC $1500 PenFed Power Cash Rewards Visa $4500 | OLOC $500 Capital One QS $1700 / QS1 $1800 USAA Secured AMEX $1000 BoA Secured Cash Rewards $500 Discover It Secured $2500 NavyFed NRewards Secured $2000 | PLOC $2500

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.