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Regular Contributor
getahead
Posts: 185
Registered: ‎12-02-2011
0

What are my chances....playing if safe

I received a pre approval letter for the Costco Amex TE, but my scores are currently TU 644 & EQ 640.  Do they send out pre approvals based on those low scores?  I really want to get this card, so I paid down my 3 credit cards to about 20% Utl, I have 2 30 lates back in 2009.  My expiration date for the offer is 1/17/12, I'm planning to pay more down on my cards before the next statement date to bring it down to 5% utl. which my scores will boost up, I'm hoping.

 

What are my chances, I heard this is a pretty hard card to get & what bureau do they pull from?


Starting Score: 580
Current Score: Fico EQ-679, Fico TU-670, EX Plus-713, TU Walmart-697, CreditKarma-690
Goal Score: 700 Club


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Valued Contributor
-Cain-
Posts: 1,283
Registered: ‎04-06-2011
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Re: What are my chances....playing if safe

Same card I'm interested in. Good Luck. Amex usually pulls EX. They may also pull Teletrack as a supplement. What is your AAoA on your CCs?

Starting Score: EQ 681 5/2011, EX 656 6/2011 (PSECU), TU98 642 6/2011
Current Score: EQ 741 12/2011, EX 734 11/2012 (PSECU), TU98 695 9/2012
Goal Score: 725+ across the board


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Regular Contributor
getahead
Posts: 185
Registered: ‎12-02-2011
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Re: What are my chances....playing if safe

only about 5.5years, why would they send me a pre approval with my low scores, should I even try?


Starting Score: 580
Current Score: Fico EQ-679, Fico TU-670, EX Plus-713, TU Walmart-697, CreditKarma-690
Goal Score: 700 Club


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Community Leader
Valued Contributor
-Cain-
Posts: 1,283
Registered: ‎04-06-2011
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Re: What are my chances....playing if safe

Not sure. Have you gone to Amex's site and checked for pre-approvals there? If you have two pre-approvals, it's a better sign.

Starting Score: EQ 681 5/2011, EX 656 6/2011 (PSECU), TU98 642 6/2011
Current Score: EQ 741 12/2011, EX 734 11/2012 (PSECU), TU98 695 9/2012
Goal Score: 725+ across the board


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Frequent Contributor
GBPac12
Posts: 252
Registered: ‎12-09-2011
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Re: What are my chances....playing if safe

I agree with -Cain-, however do you really need the card soon? If not, I would recommend a little "shrub" (improving your CR) detail and then applying before the offer expires.

Also, on another note if you want to BT your Amex accounts then it would be in your best interest to actually apply before the end of the 2011 year. Since, it would actually add a potential year to any BTed Amex card, given you decide to BT is on Jan :smileyhappy:

Keeps us informed.

Starting Score: EQ: 600, EX: 580, TU: 599
Current Score: EQ: 710 on 01/22/12, TU: 763 on 02/02/12, EX: 753 on 1/28/13
Goal Score: EQ: 775, TU: 775, EX: 775


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Mega Contributor
Creditaddict
Posts: 19,991
Registered: ‎10-23-2007
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Re: What are my chances....playing if safe

Make sure you apply in store if you are going to go for it.

Fico Scores: EQ 673 DCU, TU 678 Wally, EX 669 Chase(08-31-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Express $300
Over 45 Cards in between :smileytongue:
Regular Contributor
getahead
Posts: 185
Registered: ‎12-02-2011
0

Re: What are my chances....playing if safe

Hey Creditaddict, is my chances higher if app'ng in the store?


Starting Score: 580
Current Score: Fico EQ-679, Fico TU-670, EX Plus-713, TU Walmart-697, CreditKarma-690
Goal Score: 700 Club


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Regular Contributor
getahead
Posts: 185
Registered: ‎12-02-2011
0

Re: What are my chances....playing if safe

Hi GBPac12, that's my plan, I'm shrubbing & paid down alot of my cards so when the cc companies report by the end of this month it should boost up my score, I'm planning to app the day before it expires.

 

Is there a backdoor # for the Costco amex??  Just in case:smileytongue:


Starting Score: 580
Current Score: Fico EQ-679, Fico TU-670, EX Plus-713, TU Walmart-697, CreditKarma-690
Goal Score: 700 Club


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Frequent Contributor
GBPac12
Posts: 252
Registered: ‎12-09-2011
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Re: What are my chances....playing if safe


getahead wrote:

Hi GBPac12, that's my plan, I'm shrubbing & paid down alot of my cards so when the cc companies report by the end of this month it should boost up my score, I'm planning to app the day before it expires.

 

Is there a backdoor # for the Costco amex??  Just in case:smileytongue:


The Amex backdoor # is: 800-567-1083. I believe there really isn't a specific number for each of Amex's cards. Just call and let them know which card it is :smileyvery-happy:.

 

Also, next time if you need any backdoor #'s check out the backdoor #'s thread in CC's section under Types of Credit. Here is the link: http://ficoforums.myfico.com/t5/Credit-Cards/Backdoor-Numbers/td-p/408066


Starting Score: EQ: 600, EX: 580, TU: 599
Current Score: EQ: 710 on 01/22/12, TU: 763 on 02/02/12, EX: 753 on 1/28/13
Goal Score: EQ: 775, TU: 775, EX: 775


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