Will I be approved for a AMEX GOLD?

mikemogadas · ‎03-12-2013

Experian Score is 770. Have 1 open credit card with credit limit of $10000, balance is around 1000. No deliquencies or negative information on my report. Only bad thing is I have 8 inquiries within the last 2 years. last one being in december. I also have a shool loan with a balance of $15000.

j_casteel · ‎03-12-2013

@mikemogadas wrote:
Experian Score is 770. Have 1 open credit card with credit limit of $10000, balance is around 1000. No deliquencies or negative information on my report. Only bad thing is I have 8 inquiries within the last 2 years. last one being in december. I also have a shool loan with a balance of $15000.

The inq's could hurt. How old is your card? You have a decent chance if everything else is accurate.

Learning from my past and rebuilding..

BK discharged 1/10/17
scores: EQ 659 | TU 630 | EX 659

QS 3.8K | WF 500 | Cabela's 3k | ACU 500 |

2011beginnings · ‎03-12-2013

Your chances look good. If anything, app for the green and upgrade after a year

ryanbush · ‎03-12-2013

@2011beginnings wrote:
Your chances look good. If anything, app for the green and upgrade after a year

You will be fine, there is no reason to app for the Green first if you want the Gold, they both have the same underwriting criteria.

Anonymous · ‎03-12-2013

@ryanbush wrote:
@2011beginnings wrote:
Your chances look good. If anything, app for the green and upgrade after a year
You will be fine, there is no reason to app for the Green first if you want the Gold, they both have the same underwriting criteria.

I agree. You are good to go for the Gold. I haven't found Amex to be too inquiry sensitive if the rest of your file is in good shape.

2011beginnings · ‎03-12-2013

The boards have spoken. Go ahead and app

a3quit4s · ‎03-12-2013

I just got the Gold with 12 inq

teddybearkelli1 · ‎03-12-2013

They are definitely not inquiry sensitive, you should fine to go for the gold.

FICO scores: 790 (EQ) 786 (EX) 796 (TU) |
My Wallet:NFCU CR Visa 24k, AMEX Delta Gd 18k, Walmart Discvr 12k, USAA Plat RA MC 13k, BECU Visa 13k, NFCU NR MC 10k, Sams Discvr 10k, Sportsmans Visa 11.5k, WF Plat Visa 10k, Paypal Extra MC 10k, BofA Fraternity MC 14k, Sams Credit 10k, USAA World MC 9k, Military Star 8.2k |BOA CR 8k |AMEX Evrdy 8k |Lowes 7.3k | Chase Military Star MC 16k, JCPenneys MC 7k, Discover IT 5k , Gymboree Visa 4.5k, Sears MC 4k, TJX MC 3.5k, ToysRUS MC 5k, Chase Amazon Visa 3k, Home Depot 3k, Citibank Simplicity 6.5k, Fred Meyers Visa 2.5k, Target 2k, Kohls 2k, ITunes Visa 5k, Macys 2k, Vystar CU Visa 5k

thom02099 · ‎03-12-2013

@mikemogadas wrote:
Experian Score is 770. Have 1 open credit card with credit limit of $10000, balance is around 1000. No deliquencies or negative information on my report. Only bad thing is I have 8 inquiries within the last 2 years. last one being in december. I also have a shool loan with a balance of $15000.

What's the source of the EX score? If it's a FAKO, could be way off; if it's a FICO (lender generated) then that's a prime score.

8 INQ within the past year, but how many in the past 12 months? Those are really the only ones that matter. Why so many INQ within the past 2 years if you have only one open card?

The charge cards are generally easier to get than the revolvers. IF that's a true FICO score from EX, then you're likely to be approved, all things considered.

ibmrad7 · ‎03-12-2013

Go for Gold PRG (Annual Fee is waived for the first year), next year downgrade to regular gold if you dont want to 175$.

Also apply a Amex credit card right after you apply for the gold card. You might as well get luck with two products in one pull.

If you go this route, you should always apply for the charge card (gold) first and then the revolver (credit card)