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Frequent Contributor
FicoScore626
Posts: 253
Registered: ‎09-01-2009

What is wrong with American Express?

[ Edited ]

What the hell is wrong with American Express sending me a pseudo-personalized, pre-selected offer for an American Express Green Card (already a citizen, thank you very much! :smileytongue:) and giving a guy like me with miserable Fico and Plus scores HOPE? I know it's a GUARANTEED denial if I even bother to apply but just having an offer from them is making me smile a little inside because I never thought they'd ever bother kicking dirt in my direction. :smileyvery-happy:  They have given me until September 20th to respond and if I knew for sure that there would be other offers from them in the near future I'd pass on this one for sure.. Right now my utilization is way too high (Thanks a lot Macy's and Bloomingdale's for not reporting credit limits anymore! :smileysad:) and my scores are low because of it so I'd have to hussle and get my utilization down in time. Plus I have some old student loan lates that have fallen off and others that are set to fall off in the coming months..

 

I still have tunnel vision in regards to saving myself for the NASA Credit Union but this American Express offer is a wee bit tempting. But every voice in my head is screaming, DON'T DO IT!!

Mega Contributor
Creditaddict
Posts: 18,566
Registered: ‎10-23-2007

Re: What is wrong with American Express?

lately lots of people have been getting approved with scores around the 650

Fico Scores: EQ 639 Navy, TU 667 GE, EX 677 Prosper (06-27-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:
Frequent Contributor
FicoScore626
Posts: 253
Registered: ‎09-01-2009

Re: What is wrong with American Express?

I WISH my scores were that high again, lol..

 

My current scores are:

TransUnion: 623

Equifax: 634

Experian Plus: 586

 

TransUnion seems to be the most sensitive of the three bureaus. At least where my scores are concerned. Every single change on my credit reports triggers a score increase or decrease from TransUnion. Heck, if the wind blows in the opposite direction the next day it'll trigger a score change on TransUnion.

Moderator Emerita
Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007

Re: What is wrong with American Express?

Plunk that green card magnet on your refrigerator door, and use it as motivation! :smileywink:

 

Stick with what you're doing. The fact that you're starting to get pre-approvals is a sign that you're moving in the right direction. If you get tempted to jump the gun, remember that you never want to apply for new credit until your reports look as good as possible, so you would definitely want to wait until those negatives come off in the next few months.

 

And remember, those NASA cards have way cool geeky designs. Way more distinctive that the greenie! :smileyvery-happy:

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Super Contributor
MidnightVoice
Posts: 8,158
Registered: ‎03-25-2007

Re: What is wrong with American Express?

I have opted out  :smileyvery-happy:

 

Really, really reduces the amount of paper I have to recycle every week

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Moderator Emeritus
fused
Posts: 16,194
Registered: ‎03-12-2007

Re: What is wrong with American Express?

 


FicoScore626 wrote:

 

Right now my utilization is way too high (Thanks a lot Macy's and Bloomingdale's for not reporting credit limits anymore! :smileysad:) and my scores are low because of it so I'd have to hussle and get my utilization down in time. 


If your Macy's and Bloomingdale's cards are not reporting a CL AND a high balance, they're not factoring in FICO revolving util calculations. 

 

Frequent Contributor
FicoScore626
Posts: 253
Registered: ‎09-01-2009

Re: What is wrong with American Express?

 


fused wrote:

 


FicoScore626 wrote:

 

Right now my utilization is way too high (Thanks a lot Macy's and Bloomingdale's for not reporting credit limits anymore! :smileysad:) and my scores are low because of it so I'd have to hussle and get my utilization down in time. 


If your Macy's and Bloomingdale's cards are not reporting a CL AND a high balance, they're not factoring in FICO revolving util calculations. 

 


 

My Bloomingdale's account has had a zero balance for a few months now and my Macy's account has a balance of $200.. I just meant that if they were still reporting credit limits then I could've probably benefitted from that since both accounts have $1500 credit lines and my total credit lines across all active accounts could've lowered my utilization a bit. At least I hope I've got it right, Lol..

Moderator Emeritus
fused
Posts: 16,194
Registered: ‎03-12-2007

Re: What is wrong with American Express?

 


FicoScore626 wrote:

 


fused wrote:

 


FicoScore626 wrote:

 

Right now my utilization is way too high (Thanks a lot Macy's and Bloomingdale's for not reporting credit limits anymore! :smileysad:) and my scores are low because of it so I'd have to hussle and get my utilization down in time. 


If your Macy's and Bloomingdale's cards are not reporting a CL AND a high balance, they're not factoring in FICO revolving util calculations. 

 


 

My Bloomingdale's account has had a zero balance for a few months now and my Macy's account has a balance of $200.. I just meant that if they were still reporting credit limits then I could've probably benefitted from that since both accounts have $1500 credit lines and my total credit lines across all active accounts could've lowered my utilization a bit. At least I hope I've got it right, Lol..


Good point and you are right! 

 


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