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Moderator Emeritus
webhopper
Posts: 7,230
Registered: ‎09-16-2011
0

Re: Will I qualify for the AMEX Green Card?

Yep this means you are approved! Congratulations!

Welcome to the amex family!

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
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New Member
Scriabin
Posts: 5
Registered: ‎10-09-2012
0

Re: Will I qualify for the AMEX Green Card?


webhopper wrote:
Yep this means you are approved! Congratulations!

Welcome to the amex family!

Woohoo!

Regular Contributor
kwazziee
Posts: 148
Registered: ‎09-26-2011
0

Re: Will I qualify for the AMEX Green Card?

Congrat. Most likely you are approved when they ask for verification.

New Member
Scriabin
Posts: 5
Registered: ‎10-09-2012
0

Re: Will I qualify for the AMEX Green Card?

[ Edited ]

Now, what do I need to do to qualify for the Gold card?

 

I realize that it will take time.

 

Thank you all for your responses.

Valued Contributor
RockinRay
Posts: 1,947
Registered: ‎08-13-2007
0

Re: Will I qualify for the AMEX Green Card?


Scriabin wrote:

Now, what do I need to do to qualify for the Gold card?

 

I realize that it will take time.

 

Thank you all for your responses.


Congrats on your approval. I would use the green card for at least 6 months to get established with Amex. Then apply for the gold or a revolver and you should not have any troubles.

Ray

** Every Card has a Job, and Every Card does its Job **

Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012
0

Re: Will I qualify for the AMEX Green Card?


Scriabin wrote:

Now, what do I need to do to qualify for the Gold card?

 

I realize that it will take time.

 

Thank you all for your responses.


Spend spend spend on that green card, and in 6 months to a year you will be set for the gold card.

 

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Frequent Contributor
jd5189
Posts: 470
Registered: ‎08-14-2012
0

Re: Will I qualify for the AMEX Green Card?

[ Edited ]

Scriabin wrote:

Now, what do I need to do to qualify for the Gold card?

 

I realize that it will take time.

 

Thank you all for your responses.


 

 

 

You actually already qualify for the Gold. Unless the changed the underwriting on the Green after the discontinuation of the Zync, the Green/Gold/PRG/Plat had nearly the same underwriting - it just depended on how much you were willing to spend on an AF. I would recommend keeping the Green for a year, than asking for a PC to the Gold after having the Green for a year. They will not be able to PC within a year due to the CARD act. It makes no sense to take another HP for a Gold when you already have a Green.

In my wallet: Amex PRG & Zync, Amex BCE (19.2k), Chase Freedom (5k), PSECU Visa/PSL (20k)
Current Scores: Equifax: 738 (Fako) TransUnion: 721 (Fico) Experian: 717 (Fico)
Disclaimer: I am by no means a financial advisor. My posts are based on opinion, experience, and/or knowledge.
Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012
0

Re: Will I qualify for the AMEX Green Card?


jd5189 wrote:

Scriabin wrote:

Now, what do I need to do to qualify for the Gold card?

 

I realize that it will take time.

 

Thank you all for your responses.


 

 

 

You actually already qualify for the Gold. Unless the changed the underwriting on the Green after the discontinuation of the Zync, the Green/Gold/PRG/Plat had nearly the same underwriting - it just depended on how much you were willing to spend on an AF. I would recommend keeping the Green for a year, than asking for a PC to the Gold after having the Green for a year. They will not be able to PC within a year due to the CARD act. It makes no sense to take another HP for a Gold when you already have a Green.


Card act allows changes after 6 months.

 

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Frequent Contributor
jd5189
Posts: 470
Registered: ‎08-14-2012
0

Re: Will I qualify for the AMEX Green Card?


Dustink wrote:

jd5189 wrote:

Scriabin wrote:

Now, what do I need to do to qualify for the Gold card?

 

I realize that it will take time.

 

Thank you all for your responses.


 

 

 

You actually already qualify for the Gold. Unless the changed the underwriting on the Green after the discontinuation of the Zync, the Green/Gold/PRG/Plat had nearly the same underwriting - it just depended on how much you were willing to spend on an AF. I would recommend keeping the Green for a year, than asking for a PC to the Gold after having the Green for a year. They will not be able to PC within a year due to the CARD act. It makes no sense to take another HP for a Gold when you already have a Green.


Card act allows changes after 6 months.

 


In general, the CARD Act prohibits rate increases and other "significant changes" in terms during the first year after account opening... that is what I have read across the internet. Going from a Green to a Gold changes the AF by $30 which is considered a significant change. I have also called Amex about changed my BCE to BCP and they have told me they cannot PC to BCP until after a year due to the change in fees. So, I imagine it would apply to the charge card as well.


In my wallet: Amex PRG & Zync, Amex BCE (19.2k), Chase Freedom (5k), PSECU Visa/PSL (20k)
Current Scores: Equifax: 738 (Fako) TransUnion: 721 (Fico) Experian: 717 (Fico)
Disclaimer: I am by no means a financial advisor. My posts are based on opinion, experience, and/or knowledge.
Established Contributor
Koop10010
Posts: 731
Registered: ‎02-15-2012
0

Re: Will I qualify for the AMEX Green Card?


Dustink wrote:

jd5189 wrote:

Scriabin wrote:

Now, what do I need to do to qualify for the Gold card?

 

I realize that it will take time.

 

Thank you all for your responses.


 

 

 

You actually already qualify for the Gold. Unless the changed the underwriting on the Green after the discontinuation of the Zync, the Green/Gold/PRG/Plat had nearly the same underwriting - it just depended on how much you were willing to spend on an AF. I would recommend keeping the Green for a year, than asking for a PC to the Gold after having the Green for a year. They will not be able to PC within a year due to the CARD act. It makes no sense to take another HP for a Gold when you already have a Green.


Card act allows changes after 6 months.

 


Nope, CARD Act doesn't allow lenders to raise fees, like the annual fee, even when a customer requests an upgrade, for 12 months.  Amex doesn't allow you to do a product change that would increase your annual fee until a year has past.

FICOs (2/24/12): EX 752, EQ 740
Chase Sapphire Preferred, Freedom; American Express PR Gold, Blue Cash Everyday

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