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Valued Contributor
Posts: 2,022
Registered: ‎02-05-2016
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Re: Thinking of cold apping AMEX


s1nful0ne wrote:

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!


See, that scares me. I don't even get offers via incognito, from anyone, anywhere. You did and only got 1k. Not saying its a bad limit, I just don't want to burn a HP for a card that I can't BT to because of its limit. I guess I will wait and see what tomorrow brings scorewise. 


TCL 100k / UTIL 25% = $25,510
Experian: 684 (34) | TransUnion: 701 (35) | Equifax: 704 (7)
Gardening as of: 6-1-2017
Updated 6-1-17
Valued Contributor
Posts: 1,083
Registered: ‎04-28-2016
0

Re: Thinking of cold apping AMEX


MyLoFICO wrote:

s1nful0ne wrote:

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!


See, that scares me. I don't even get offers via incognito, from anyone, anywhere. You did and only got 1k. Not saying its a bad limit, I just don't want to burn a HP for a card that I can't BT to because of its limit. I guess I will wait and see what tomorrow brings scorewise. 


What sort of CL are you hoping for, exactly? How much do you plan to BT?

CarefulBuilder14 had some trouble resetting his password.
Dabbling in SPG wizardry.
Valued Contributor
Posts: 2,022
Registered: ‎02-05-2016
0

Re: Thinking of cold apping AMEX


wasCB14 wrote:

MyLoFICO wrote:

s1nful0ne wrote:

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!


See, that scares me. I don't even get offers via incognito, from anyone, anywhere. You did and only got 1k. Not saying its a bad limit, I just don't want to burn a HP for a card that I can't BT to because of its limit. I guess I will wait and see what tomorrow brings scorewise. 


What sort of CL are you hoping for, exactly? How much do you plan to BT?


Ideally, 10k. I am not naive enough to think I will get that though. I would take the 1k obviously. It would still be my foot in the door. A low APR and 5k would make me giddy. But, knowing my luck, it will be max APR and $500 with the 6 month trial they are doing. Actually, I thoroughly expect to be denied. 


TCL 100k / UTIL 25% = $25,510
Experian: 684 (34) | TransUnion: 701 (35) | Equifax: 704 (7)
Gardening as of: 6-1-2017
Updated 6-1-17
Valued Contributor
Posts: 1,083
Registered: ‎04-28-2016
0

Re: Thinking of cold apping AMEX

Yeah...I'm thinking denial or a toy limit.

CarefulBuilder14 had some trouble resetting his password.
Dabbling in SPG wizardry.
Valued Contributor
Posts: 2,022
Registered: ‎02-05-2016
0

Re: Thinking of cold apping AMEX


wasCB14 wrote:

Yeah...I'm thinking denial or a toy limit.


and I think I am over the "oh a new card!" feeling. That sucks, I really need a BT card with a low APR. I might have to hang in there until the end of the year and hope for better. 


TCL 100k / UTIL 25% = $25,510
Experian: 684 (34) | TransUnion: 701 (35) | Equifax: 704 (7)
Gardening as of: 6-1-2017
Updated 6-1-17
Valued Contributor
Posts: 1,083
Registered: ‎04-28-2016
0

Re: Thinking of cold apping AMEX


MyLoFICO wrote:

wasCB14 wrote:

Yeah...I'm thinking denial or a toy limit.


and I think I am over the "oh a new card!" feeling. That sucks, I really need a BT card with a low APR. I might have to hang in there until the end of the year and hope for better. 


Why not just get a BT card with a low APR? Amex isn't really known for the former, and generally reserves the latter for established low-risk customers.

CarefulBuilder14 had some trouble resetting his password.
Dabbling in SPG wizardry.
Valued Contributor
Posts: 2,022
Registered: ‎02-05-2016
0

Re: Thinking of cold apping AMEX

I'm open to suggestions. I honestly have not found one that I feel like I could get.

TCL 100k / UTIL 25% = $25,510
Experian: 684 (34) | TransUnion: 701 (35) | Equifax: 704 (7)
Gardening as of: 6-1-2017
Updated 6-1-17
Contributor
Posts: 94
Registered: ‎08-30-2015
0

Re: Thinking of cold apping AMEX

I know it's not revolving, but have you considered a debt consolidation loan? Best Egg I think it's called will tell you if you qualify, how much you can borrow and at what APR... all on a SP. It becomes a HP if you go forward with the app. They told me I could borrow up to 13k at 15.9% over 3 years with scores similar to yours. That's way lower than any of my cards. 

 

 

High scores: EQ-689 (5/5/17), TU-707 (5/5/17), EX-692 (5/5/17) GOAL: replacing 6s with 7s

Established Contributor
Posts: 892
Registered: ‎11-19-2016
0

Re: Thinking of cold apping AMEX


peking wrote:

I know it's not revolving, but have you considered a debt consolidation loan? Best Egg I think it's called will tell you if you qualify, how much you can borrow and at what APR... all on a SP. It becomes a HP if you go forward with the app. They told me I could borrow up to 13k at 15.9% over 3 years with scores similar to yours. That's way lower than any of my cards.  


15.9% is very high for a loan, plus BestEgg, Prosper, etc... usually charge origination fees, often around $1,000 on a $15,000 loan.  

 

NASA and their 7.9% for life may be an option - my scores weren't much higher and I got a $15k SL, meanwhile my wife's scores were about 80 points higher and she got $1,000, although with a lower purchase APR.  I don't know that the usual players (and I can't remember what's in MLF's wallet) - Citi Diamond Preferred, Chase Slate, Discover it, BOA BankAmericard would be approved with any reasonable limit.


400k+ club. | FICO 08 [June 2017]: EQ 745 EX 745 TU 735 | GPS Error: Unable to locate garden.
Valued Contributor
Posts: 2,022
Registered: ‎02-05-2016
0

Re: Thinking of cold apping AMEX

I get offers for consolidation loans all the time. Unfortunately, the interest they charge is not helful at all. Its not going to do much good if I increase my outgoing expenses but have 1 payment. If it was only a couple thousand that would be one thing but I have 20K I need to reduce as much as possible. 


TCL 100k / UTIL 25% = $25,510
Experian: 684 (34) | TransUnion: 701 (35) | Equifax: 704 (7)
Gardening as of: 6-1-2017
Updated 6-1-17

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