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Valued Contributor
Posts: 1,922
Registered: ‎06-21-2012
0

Would this be wrong to do?

App for an AMEX card once a month to get a free EX FICO score and it only cost a SP?

| 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
Established Contributor
Posts: 766
Registered: ‎01-16-2012
0

Re: Would this be wrong to do?

1. I believe you have to wait 60 days after a decline before you app again.
2. I dont think amex uses the same exp model as chase and citi. Apps a few weeks apart with no change in report had radically different scores.
3. How would this help you? You would know what amex thinks your fico is, but in the context of a decline. If your score is 740, but you grt declined, what do you do with that information? If it is 670, but you get accepted, does that change something?
4. If you smack a tiger in the nose, please dont subsequently complain when it bites you.
In wallet: Ink Plus 10k, AMEX TE 25k. In bag: CSP 16k, USAA WMC 15k, Hyatt 13k, United MPE 12k, AMEX HHonors 3k. In SD: Cap 1 QS 5k, Discover IT 7k. FICO 08 says my EQ is now 844, was 510 in 2010.
Valued Contributor
Posts: 1,922
Registered: ‎06-21-2012
0

Re: Would this be wrong to do?

It was just a thought I had. I app'd and got the Zync in June. Then on August 5th I app'd for the PRG, but was declined. It only cost me a SP and I also got a real EX FICO score which was from a SP they did on 7/28. I was under the impression a person could apply with AMEX every 31 days.
| 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
Valued Contributor
Posts: 2,217
Registered: ‎09-16-2011
0

Re: Would this be wrong to do?

Behavior outside of the norm with AMEX is a good way to get a FR, I would advise against this plan, 

Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 12k Sally Mae5k Sams Club MC 10k, Paypal Extras MC 6k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5k, Walmart 10k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 8.5k and a nice stack of store cards.
Last APP/HP 4/22/2015
Valued Contributor
Posts: 1,922
Registered: ‎06-21-2012
0

Re: Would this be wrong to do?

That's why I wanted to ask before doing something like this....I won't be doing it.

Thanks for the replies
| 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
Valued Contributor
Posts: 1,987
Registered: ‎06-25-2012
0

Re: Would this be wrong to do?

I apped for one amex a week after a got my first amex. A month after that i applied for two and got one approved other denied. 16 more days to go and i will apply again. Lol
Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Valued Contributor
Posts: 3,096
Registered: ‎01-26-2012
0

Re: Would this be wrong to do?

You can app 31 days after rejection.  Personally I thever if gotten recently rejected (90 days), your next app with take a little ding with internal scoring.  Also not sure if Amex score is pure fico.  Might be a card enhanced or custom score for Amex.

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Senior Contributor
Posts: 3,322
Registered: ‎05-05-2011
0

Re: Would this be wrong to do?


jamesdwi wrote:

Behavior outside of the norm with AMEX is a good way to get a FR, I would advise against this plan, 


+1 You might as well send Amex a letter saying, "Please FR me." :smileyhappy:

 

 

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EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!

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