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Frequent Contributor
Pigeyex
Posts: 304
Registered: ‎01-23-2013
0

"You've Been Selected to Apply!" (AmEx Green card)

[ Edited ]

Just got one of these in the mail (I've been getting a few lower-tier cc offers in the mail lately, after not seeing ANY for several years, no doubt as a result of my scores improving . . . feels good even though most of them are cr*ppy deals, high APRs and fees, etc.) :smileyhappy:

 

And I'm NOT going to apply for this one just yet, as I can't afford any hard pulls right now since my wife and I are getting ready to go for a mortgage re-fi in the next 30 days once my last two collections are settled and update on my bureau reports.  But at some point AFTER that, I do need to start getting some higher CLs to take the next step in improving my scores.  I've gone from mid-500s to now mid-600s, and anticipate being around 670-675 once these last two things update and my credit utilization gets < 10%.

 

Does anyone know which bureau AmEx uses, and what kind of minimum scores one typically needs to have in order to be approved?  My income is very high, and all of my other criteria (length of time in job/field, avg. age of accounts and OLDEST aged account, debt-to-income ratio, types of credit, total # of credit lines, etc.) are all in great shape.  If 670ish is too low, I'd rather avoid the HP/rejection, and wait until some of my accounts age and then apply later when I'm more certain to be approved.

 

thanks,

 

Pigeye

_________________________________________________________

2007 - 2010 low point: mid-500s

With the help of myFICO community, now: 714 EQ FICO

"At the end of every hard-earned day, people find some reason to believe." (Bruce Springsteen)
Frequent Contributor
mnavas
Posts: 408
Registered: ‎02-04-2013
0

Re: "You've Been Selected to Apply!" (AmEx Green card)

AMEX usually pulls EXP but if you're borderline approval they might pull all the three CRs and i think you can get approved for their charge cards in the mid 600s
Regular Contributor
kaskuli
Posts: 191
Registered: ‎04-25-2013
0

Re: "You've Been Selected to Apply!" (AmEx Green card)

I got approved with scores in that 660-670 range, but they pulled all three, and double pulled experian.

$22500 Amex BCP / $12000 Chase Sapphire Preferred / $7500 Barclays Arrival+ / $7500 FIA Amex / $7000 Chase Freedom / $2500 Discover It
Senior Contributor
B335is
Posts: 4,494
Registered: ‎09-22-2012
0

Re: "You've Been Selected to Apply!" (AmEx Green card)

I was approved for PRG with 656 - EX only pull.  I would personally go for the PRG due to the superior sign up bonus and downgrade once you hit a year to avoid AF.  Amex charge cards have same underwriting criteria.

Frequent Contributor
LearningMoreAboutCredit
Posts: 472
Registered: ‎11-08-2007
0

Re: "You've Been Selected to Apply!" (AmEx Green card)


B335is wrote:

I was approved for PRG with 656 - EX only pull.  I would personally go for the PRG due to the superior sign up bonus and downgrade once you hit a year to avoid AF.  Amex charge cards have same underwriting criteria.


Do you mind sharing your income when approved for PRG? I'm considering applying at the beginning of the new year for maximum backdating and downgrade before AF hits.



Any advice given is always YMMV...

Current FICOs: 730+ across the board | Goal: >760 FICO (1 down, 2 to go) | Total CLs: $59.8k/$60k Goal | Utilization: 14% | Last App: 05/01/2014 | INQ: EX: 10, EQ: 14, TU: 8, All Expire 06/2016; No Collections/Charge Offs/BK's | AAoA: 6yrs.
| All Reports Frozen!!! | No Apps til 12/2015 | Homeowner since: 06/28/13 | White Whales: CSP, Discover IT, Sallie Mae WMC
Senior Contributor
Walt_K
Posts: 3,065
Registered: ‎11-02-2009
0

Re: "You've Been Selected to Apply!" (AmEx Green card)

If you're looking at the PRG, check out the card match tool at creditcards.com.  They have the 50,000 MR point bonus offer back for some people.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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Community Leader
Senior Contributor
SunriseEarth
Posts: 4,515
Registered: ‎08-12-2013
0

Re: "You've Been Selected to Apply!" (AmEx Green card)


Pigeyex wrote:

Just got one of these in the mail (I've been getting a few lower-tier cc offers in the mail lately, after not seeing ANY for several years, no doubt as a result of my scores improving . . . feels good even though most of them are cr*ppy deals, high APRs and fees, etc.) :smileyhappy:

 

And I'm NOT going to apply for this one just yet, as I can't afford any hard pulls right now since my wife and I are getting ready to go for a mortgage re-fi in the next 30 days once my last two collections are settled and update on my bureau reports.  But at some point AFTER that, I do need to start getting some higher CLs to take the next step in improving my scores.  I've gone from mid-500s to now mid-600s, and anticipate being around 670-675 once these last two things update and my credit utilization gets < 10%.

 

Does anyone know which bureau AmEx uses, and what kind of minimum scores one typically needs to have in order to be approved?  My income is very high, and all of my other criteria (length of time in job/field, avg. age of accounts and OLDEST aged account, debt-to-income ratio, types of credit, total # of credit lines, etc.) are all in great shape.  If 670ish is too low, I'd rather avoid the HP/rejection, and wait until some of my accounts age and then apply later when I'm more certain to be approved.

 

thanks,

 

Pigeye


AFAIK, their pre-approvals are very accurate.  You should be able to confidentally go for one of their charge cards based on their offer.


Start: 619 (Wally, 9/2013) | Current: 674 (Wally, 11/8/14), 703 (EQ myFICO 8/13/14)
Care Credit $10200 | JCP $5000 | Walmart Store $5000 | Amazon Store $5000 | AMEX BCE $4500 | Cap 1 QS1 $4000 | AMEX Costco TE $3500 | Macy's Special Events $2900 | Macy's Revolving $2500 | CU Visa $2500 | Sony Card $2500 | Macy's AMEX $1500 | Citi DC WMC $1200 | Merrick $1200 | VS $1150 | Gold Violin $1150 | Target $1000 | ~~Gardening Since 11/14/14
Senior Contributor
B335is
Posts: 4,494
Registered: ‎09-22-2012
0

Re: "You've Been Selected to Apply!" (AmEx Green card)


LearningMoreAboutCredit wrote:

B335is wrote:

I was approved for PRG with 656 - EX only pull.  I would personally go for the PRG due to the superior sign up bonus and downgrade once you hit a year to avoid AF.  Amex charge cards have same underwriting criteria.


Do you mind sharing your income when approved for PRG? I'm considering applying at the beginning of the new year for maximum backdating and downgrade before AF hits.


At the time $68k.  I had no pre-qualified offers and I remember it sat "in-progeress" for a few days.  Do you already have a card from Amex?

Established Member
avidlinuxuser
Posts: 18
Registered: ‎08-02-2012
0

Re: "You've Been Selected to Apply!" (AmEx Green card)

[ Edited ]

I started getting these around 2-3 months ago. This past month I decided to go for broke and applied for Amex Blue Sky Rewards instead. I got approved too. I'd hold off another month or two then apply for Amex Blue if I was you.

 

They pulled Exp and my credit score was 660.

Valued Contributor
jamesdwi
Posts: 1,947
Registered: ‎09-16-2011
0

Re: "You've Been Selected to Apply!" (AmEx Green card)

if this is your first AMEX card, apply this year, locking in 2013 as your membership date,  if you wait till January your membership date will be 2014... if approved in 2013, wait till january or feb, and AP for a second card, only a SP if denied, and your second card will be 11 months older than your first.

 

 


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 & Zync NPSL, Sams Club MC 10k, Paypal Extras MC 6k, CapOne QS 2.5k, QS 750, Amazon 3.9k, Walmart 4.5k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 6.5k and a nice stack of store cards.
Last APP 4/26//2014 no plans for new credit I think I have enough.

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