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New Member
Posts: 8
Registered: ‎02-22-2013
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Will I be approved for a AMEX GOLD?

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.

Valued Contributor
Posts: 1,927
Registered: ‎06-21-2012
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Re: Will I be approved for a AMEX GOLD?


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.

| Walmart $5k | Amazon $5k | NFCU $20k | NLOC $15k | Lowes $17k | BoA $15k | Freedom $3k | IT $5.25k | CSP $5k | Marriott $5k | AMEX TE $18k | Alaska $5k |
Starting Scores: EQ:571 EX:??? TU:597
Current Scores: EQ:694 EX:714 TU:711
Goal Scores: 700
across the board
Frequent Contributor
Posts: 318
Registered: ‎02-01-2013
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Re: Will I be approved for a AMEX GOLD?

Your chances look good. If anything, app for the green and upgrade after a year
PenFed AMEX: $5500 | AMEX BCE: $8300 | AMEX E: $5000 | BofA BBR: $5000 | Discover It: $6500 | CSP: $11500 | CF: $5500 | Citi DIVIDEND: $5700 | CITI TYP: $4600 | BofA CR: $7500 | CAP ONE Q: $3000 |

TU: 722 / EX: 763 / EQ: 735
Valued Contributor
Posts: 1,292
Registered: ‎08-19-2012
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Re: Will I be approved for a AMEX GOLD?


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.

Chase Sapphire Perferred | Chase Freedom | AMEX Platinum | AMEX Delta Platinum | AMEX SPG | Capital One Venture | Capital One Quicksliver | Discover IT | ABFCU Visa | Citi AA WEMC
New Contributor
Posts: 103
Registered: ‎02-19-2013
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Re: Will I be approved for a AMEX GOLD?


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.

Frequent Contributor
Posts: 318
Registered: ‎02-01-2013
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Re: Will I be approved for a AMEX GOLD?

The boards have spoken. Go ahead and app
PenFed AMEX: $5500 | AMEX BCE: $8300 | AMEX E: $5000 | BofA BBR: $5000 | Discover It: $6500 | CSP: $11500 | CF: $5500 | Citi DIVIDEND: $5700 | CITI TYP: $4600 | BofA CR: $7500 | CAP ONE Q: $3000 |

TU: 722 / EX: 763 / EQ: 735
Regular Contributor
Posts: 211
Registered: ‎03-07-2013
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Re: Will I be approved for a AMEX GOLD?

I just got the Gold with 12 inq


EQ 733 3/3/13 GOAL: 800 Merrill Lynch Merrill+ $12,500 | AMEX BCE 6K | AMEX PRG NPSL | CSP 6K | Freedom 5K | Discover IT 5K | HVFCU 10K | American Eagle Visa 5K | Citi Thank You Preferred 6,100

In the garden since 4/22/13 | Hating on Capital One since '09
Contributor
Posts: 110
Registered: ‎11-06-2012
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Re: Will I be approved for a AMEX GOLD?

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

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
Valued Contributor
Posts: 1,486
Registered: ‎08-30-2011
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Re: Will I be approved for a AMEX GOLD?

[ Edited ]

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.

Diners Club Premier MasterCard $50K / AMEX Gold NPSL / AMEX Zync NPSL / AMEX Blue Cash Preferred $14K / Bank of America Cash Rewards Signature Visa $15K / Merrill Lynch Plus Signature Visa $15K / Wells Fargo Propel 365 $15K / Chase Sapphire Preferred Signature Visa $10K / J P Morgan Select Signature Visa $10.5K / CITI Diamond Preferred MasterCard $13.2K / Discover IT $10.5K / IberiaBank Select Visa $8K / 1st Command Bank Platinum Visa $7.5K // Home Depot $9.7K / Lowes $10K

EX = 818 EQ = 823 TU = 822 as of 07/15
Established Contributor
Posts: 871
Registered: ‎12-11-2010
0

Re: Will I be approved for a AMEX GOLD?

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)


Starting Score: 583
Current Score: 716
Goal Score: 750+


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