General Credit Topics

[Tuscani]

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loloswims wrote:

Hey guys I come on here and see all of this talk about amex cards.  What is so good about amex cards? 

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The drunken pool parties Amex throughs for you... duh.

[Boswd]

It's more of a status symbol than anything else.  Amex has had the reputation for being very a tough card to get and usually people with scores of over 700 can get them.  

[Boswd]

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Tuscani wrote:

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loloswims wrote:

Hey guys I come on here and see all of this talk about amex cards.  What is so good about amex cards? 

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The drunken pool parties Amex throughs for you... duh.

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LOL  LOL   Post of the day!!!!!!!!

[fused]

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Boswd wrote:

It's more of a status symbol than anything else.  Amex has had the reputation for being very a tough card to get and usually people with scores of over 700 can get them.  

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I agreed until recently.  Now it seems Discover is the #1 credit stickler!  Case in point, many at this forum are in credit repair mode and I have read only a handful of Discover threads...hmmmmmmmm

[Boswd]

I was just thinking about that with all the low and mid 600's getting Amex.   Kind of reminds of Caddy Shack when the Exclusive Country Club Busch Woods having it's employee day at the pool. 

[Noah_Bodie]

fused111 wrote:

I agreed until recently.  Now it seems Discover is the #1 credit stickler!  Case in point, many at this forum are in credit repair mode and I have read only a handful of Discover threads...hmmmmmmmm

I think with Discover it may actually be easier to get in the door, but with AMEX once thru the door you can get into 2 or 3 other rooms with relative ease.

[fused]

A few friends and I all with FICO scores btw 728-796, no derogs, low util and all of us were denied by Discovercard.  I understand why I was denied, my file was very thin and had no cc's at the time I applied.  But my friends have thicker files and were also denied and the reason, you are a high risk.  Go figure! 

[MercyMe]

Fused ...  I have a question -- when AmEx pulls EX, would that be the Vantage or the Plus score?

[fused]

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MercyMe wrote:

Fused ...  I have a question -- when AmEx pulls EX, would that be the Vantage or the Plus score?

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Amex wil never pull a Vantage or Plus score.  FICO or credit-card enhanced FICO, Yes.  Amex pulls mostly EX and sometimes EQ.  Also, Amex has their own scoring formula.

[MercyMe]

I can rest assured, then, that I was successful in my efforts to clean up the company credit (that my father-in-law and his sons ran into the ground) well enough for it to have earned the right to carry the AmEx Gold for Business, huh?

mercy, and man was that a task!