Reply
Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012
0

Re: Thoughts on Creditcard.com's "Your Match" results...


mikka1 wrote:

Pilotdude wrote:
(...)I believe Bcp is out of my reach until maybe next year this time. Maybe it is and maybe it isn't but I want to play it safer if possible.
My strategy is to go for the card that will be harder to get first and then tackle the easier ones last. So I am thinking at best, BCE (...).

A little bit offtopic, but from the lender perspective, I don't really think there's any difference between BCE and BCP acceptance criteria.

I can even assume that BCP might have slightly lower acceptance score threshold than BCE, as it has a potential of generating slightly higher fee income from AF.

So if you really want BCP and think it fits your profile better, than BCE does, I'd go for it. I have personally chosen BCE because I don't like AFs at all and I shop a lot in Target and Walmart, and AFAIK Amex does not give 6% on BCP in those stores, but not because I thought it's easier to get it than BCP...

 

Similarly, I don't really think that PRG or even Platinum cards have much stricter acceptance criteria than Green - as a lot is only about limit, not the color of the card...

 

Thought It's just IMHO, I might be wrong here.


I think you are 100% correct.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012
0

Re: Thoughts on Creditcard.com's "Your Match" results...

[ Edited ]

Pilotdude wrote:

Henchman21 wrote:

Do you need to avoid the inq? If it won't hurt you too bad to get a denial...


Yea.  I'd like to avoid a inq if there is a good chance it won't result in an approval.  I might very well be overly cautious in that regard though. 

 

My inq picture is:

 

EX 7 but all old (well over a year and a half)

EQ 2 1 old, one from Jan 13

TU 2 1 old, one from Jan 13

 

 


I think I was worse off than you when I got approvals. 

 

I stand at:

EX: 20

EQ: 13

Tu: 13

 

INQs have little effect after 6 months and basically no effect after a year. So, your reports are basically free of INQs.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Valued Contributor
Posts: 1,863
Registered: ‎09-20-2011
0

Re: Thoughts on Creditcard.com's "Your Match" results...

My scores were very similar to yours when I was approved for BCP, ~700.  But I have two collection that were about six years old when I was approved.  If you have no derogs I think you'd be a shoe in. 

Established Contributor
Posts: 955
Registered: ‎02-02-2013
0

Re: Thoughts on Creditcard.com's "Your Match" results...

Awesome.
I don't have my own Amex though. Been a au on wife's green since 2011.
Do you suppose that will count much with them?
Sorry if this is a noob question.

NFCU #1 Fan!! NO MOAR APPS TIL 10/13 Minimum!!
TU -746, EX - 721, EQ -745
Cards:NFCU Flag Visa Sig $10000, CSP $8500, AMEX BCP $2000 Freedom $3500, Disc IT $5000, Cap 1 Green $2100, Credit 1 CLOSED! AU on Amex Green, Discover $2000, Cap One Plat $1000
Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012
0

Re: Thoughts on Creditcard.com's "Your Match" results...


Pilotdude wrote:
Awesome.
I don't have my own Amex though. Been a au on wife's green since 2011.
Do you suppose that will count much with them?
Sorry if this is a noob question.

Naw, not really. Maybe you can apply jointly for the account you want?

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Valued Contributor
Posts: 1,673
Registered: ‎11-11-2012
0

Re: Thoughts on Creditcard.com's "Your Match" results...


Pilotdude wrote:
Thanks mikka.
I have heard that as well but slap me in the noggin and call me crazy, I just don't understand how a Preferred" higher echelon card could have the same lending criteria.
Of course I could be dead wrong and I'd love the 6% back (we shop 500 per month at Ralph's easy). :smileyhappy:

Sorry, I don't do noggin slapping for free, but: Preferred is merely a marketing term, as are Gold, Elite, Diamond, Platinum etc.     Amex, and many other issuers, offer choice: a set of enhanced benefits for a fee (BCP) or a reduced set for free (BCE).  You seem to assume that people with higher scores would prefer the bigger benefits and pay a fee, but that really isn't the case.   Above the same minimum score level, it's up to the customer to decide which cost vs benefit they want.

The charge cards offer a similar choice, providing you are sufficiently credit worthy, Amex is happy to take your $450 for one set of benefits, or smaller amounts for less.

Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012
0

Re: Thoughts on Creditcard.com's "Your Match" results...

[ Edited ]

bs6054 wrote:

Pilotdude wrote:
Thanks mikka.
I have heard that as well but slap me in the noggin and call me crazy, I just don't understand how a Preferred" higher echelon card could have the same lending criteria.
Of course I could be dead wrong and I'd love the 6% back (we shop 500 per month at Ralph's easy). :smileyhappy:

Sorry, I don't do noggin slapping for free, but: Preferred is merely a marketing term, as are Gold, Elite, Diamond, Platinum etc.     Amex, and many other issuers, offer choice: a set of enhanced benefits for a fee (BCP) or a reduced set for free (BCE).  You seem to assume that people with higher scores would prefer the bigger benefits and pay a fee, but that really isn't the case.   Above the same minimum score level, it's up to the customer to decide which cost vs benefit they want.

The charge cards offer a similar choice, providing you are sufficiently credit worthy, Amex is happy to take your $450 for one set of benefits, or smaller amounts for less.


You explained it well. AMEX wants an annual fee. They won't place tougher restrictions on high dollar cards. They want somebody to go for the BCP over the BCE, it would be illogical to put higher requirements on it. Same goes for green vs PRG. 

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Established Contributor
Posts: 955
Registered: ‎02-02-2013
0

Re: Thoughts on Creditcard.com's "Your Match" results...

That does make a lot of sense. :smileyhappy:

NFCU #1 Fan!! NO MOAR APPS TIL 10/13 Minimum!!
TU -746, EX - 721, EQ -745
Cards:NFCU Flag Visa Sig $10000, CSP $8500, AMEX BCP $2000 Freedom $3500, Disc IT $5000, Cap 1 Green $2100, Credit 1 CLOSED! AU on Amex Green, Discover $2000, Cap One Plat $1000
Valued Member
Posts: 46
Registered: ‎01-05-2013
0

Re: Thoughts on Creditcard.com's "Your Match" results...

To answer the thread title's question, I was approved for Amex BCE, Chase Freedom, and Citi AAdvantage in January, but Creditcard.com's 'match' presented only sub-prime, crap cards. I'm not very confident in its accuracy.



Current Scores:EQ: 726 (07/13) | TU: 656 (03/13) | EX: 715 (07/13)
Goal Scores (2013): EQ: 750 | TU: 700 | EX: 730 - Last app: 11 May 2013 - Done apping for the foreseeable future
Established Contributor
Posts: 955
Registered: ‎02-02-2013
0

Re: Thoughts on Creditcard.com's "Your Match" results...

Yup. I get the feeling it's not very accurate really.
The benefit seems to be in the bonuses they sometimes have.
Since I am planning on trying for a couple cards soon, I checked there but was caught off guard by it spitting back BCP which I was under the impression would be more difficult to be approved for.
So if Bcp is not harder criteria and makes more sense for my situation, and since I was really leaning toward BCE anyway, if Bcp has an bonus, I might as well try my hand for it.
5 minutes from now though I may chicken out of course.
Either way, ain't nothing happening til Fridays statements report. :smileyhappy:

NFCU #1 Fan!! NO MOAR APPS TIL 10/13 Minimum!!
TU -746, EX - 721, EQ -745
Cards:NFCU Flag Visa Sig $10000, CSP $8500, AMEX BCP $2000 Freedom $3500, Disc IT $5000, Cap 1 Green $2100, Credit 1 CLOSED! AU on Amex Green, Discover $2000, Cap One Plat $1000
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 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.

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.