topic AMEX Platinum Odds of Approval? in Credit Card Approvals

AMEX Platinum Odds of Approval?

kr3st00 — Mon, 28 Jul 2014 22:58:04 GMT

Hey guys,

I know I've been asking a lot of questions about the Platinum lately. I'm REALLY wanting it as I'm going to be doing a TON of traveling within the next few months. Including my honeymoon sometime in Feb 2015.

Scores in my signature are as of 7.13.14

AAOA is 1.9 years because of my CSP, Freedom and BCP.

Overall UTIL is 0.96%. Of $18,250 I have $176 being used on my BCP to report almost a 9% balance util for scoring.

I keep ALL of my cards PIF no matter what. I'm OCD and my income is well beyond my current limits.

I had my BCP backdated to 2007 from when I was an AU on parents Amex.

Tomorrow is my 61st day with the BCP and I plan on going for my 3xCLI and then apping for the Amex Platinum Charge Card. Should I wait? I know that the Platinum will "match" my highest CL. So if I get my 3xCLI tmrw the BCP will then be my highest CL card.

I have so many theories in my head.

Should I, PIF BCP tomorrow, wait for that to post a $0 balance and then go for my CLI on the 62nd day?

Should I, go for CLI right away and then APP for Platinum?

Please help me decide. Sorry for this mess of a post!

Re: AMEX Platinum Odds of Approval?

heyarrnold — Mon, 28 Jul 2014 22:59:46 GMT

You should be just fine.

Charge cards are easier to get approved for. The Platinum may have a lot of prestige behind it, but anyone with decent credit will get approved for the card.

You have nothing to worry about.

Re: AMEX Platinum Odds of Approval?

kr3st00 — Mon, 28 Jul 2014 23:01:23 GMT

@heyarrnold wrote:
You should be just fine.

Charge cards are easier to get approved for. The Platinum may have a lot of prestige behind it, but anyone with decent credit will get approved for the card.

You have nothing to worry about.

Ok. That's reassuring.

Either way, if I get denied it's a soft pull and only a hard pull if approved, right? And if approved it should ALSO have a MSD of 2007, correct?

Re: AMEX Platinum Odds of Approval?

-Wade- — Mon, 28 Jul 2014 23:02:15 GMT

@kr3st00 wrote:
@heyarrnold wrote:
You should be just fine.

Charge cards are easier to get approved for. The Platinum may have a lot of prestige behind it, but anyone with decent credit will get approved for the card.

You have nothing to worry about.
Ok. That's reassuring.

Either way, if I get denied it's a soft pull and only a hard pull if approved, right? And if approved it should ALSO have a MSD of 2007, correct?

That is correct

Re: AMEX Platinum Odds of Approval?

heyarrnold — Mon, 28 Jul 2014 23:02:37 GMT

@kr3st00 wrote:
@heyarrnold wrote:
You should be just fine.

Charge cards are easier to get approved for. The Platinum may have a lot of prestige behind it, but anyone with decent credit will get approved for the card.

You have nothing to worry about.
Ok. That's reassuring.

Either way, if I get denied it's a soft pull and only a hard pull if approved, right? And if approved it should ALSO have a MSD of 2007, correct?

That's correct. Because you're a current member, if denied, it will be a SP. And yes, your MSD will also be 2007.

Re: AMEX Platinum Odds of Approval?

kr3st00 — Mon, 28 Jul 2014 23:07:29 GMT

So my next question is...

Should I go for my 3xCLI then wait for it(if approved) to report so the platinum will then "match" that as my highest CL? Or does it automatically "match" it as my CL's increase?

Re: AMEX Platinum Odds of Approval?

heyarrnold — Mon, 28 Jul 2014 23:09:03 GMT

@kr3st00 wrote:
So my next question is...

Should I go for my3xCLI then wait for it(if approved) to report so the platinum will then "match" that as my highest CL? Or does it automatically "match" it as myCL's increase?

The Platinum is a charge card. It does not have a CL.

Go for the CL, and then apply.

Re: AMEX Platinum Odds of Approval?

kr3st00 — Mon, 28 Jul 2014 23:11:13 GMT

@heyarrnold wrote:
@kr3st00 wrote:
So my next question is...

Should I go for my3xCLI then wait for it(if approved) to report so the platinum will then "match" that as my highest CL? Or does it automatically "match" it as myCL's increase?
The Platinum is a charge card. It does not have a CL.

Go for the CL, and then apply.

When it reports to the CB's it does so with a "matched" limit of your highest card, right?

Re: AMEX Platinum Odds of Approval?

Kenny — Mon, 28 Jul 2014 23:11:39 GMT

I think it will be a great thing for you! Are you going to do the Ameriprise offer for the AF free the first year? Sounds perfect for you since you'll be doing a lot of travelling!

Yeah, No CL on the Platinum -- it changes constantly -- based on your spending pattern. Charge card -- 100% must be PIF each month. *the only exclusion is the pay over time clause, but it's usually at a higher interest rate and just not a good idea.

Re: AMEX Platinum Odds of Approval?

Forte747 — Mon, 28 Jul 2014 23:11:54 GMT

The Platinum does look great but its only downside is the AF of $450. Unless your travel incentives outweigh the AF then I would just stick with the PRG

Re: AMEX Platinum Odds of Approval?

kr3st00 — Mon, 28 Jul 2014 23:14:03 GMT

@KennyRS wrote:
I think it will be a great thing for you! Are you going to do the Ameriprise offer for the AF free the first year? Sounds perfect for you since you'll be doing a lot of travelling!

Yeah, No CL on the Platinum -- it changes constantly -- based on your spending pattern. Charge card -- 100% must be PIF each month. *the only exclusion is the pay over time clause, but it's usually at a higher interest rate and just not a good idea.

I would love to try for the Ameriprise offer. I just don't want to be rejected due to me not being an Ameriprise customer or them close that card shortly after!

I get nervous about stuff like that.

Re: AMEX Platinum Odds of Approval?

heyarrnold — Mon, 28 Jul 2014 23:14:43 GMT

@kr3st00 wrote:
@heyarrnold wrote:
@kr3st00 wrote:
So my next question is...

Should I go formy3xCLI then wait for it(if approved) to report so the platinum will then "match" that as my highest CL? Or does it automatically "match" it asmyCL's increase?
The Platinum is a charge card. It does not have a CL.

Go for the CL, and then apply.
When it reports to the CB's it does so with a "matched" limit of your highest card, right?

It depends. Amex will approve charges as they see fit. You do not have a credit limit; however, that doesn't mean you can charge endlessly.

The Platinum will not report to the CB's with a limit.

Re: AMEX Platinum Odds of Approval?

kr3st00 — Mon, 28 Jul 2014 23:19:25 GMT

Can you get the Ameriprise Amex Platinum with the EMV chip as well? It should show up under my existing AMEX account, right?

Re: AMEX Platinum Odds of Approval?

heyarrnold — Mon, 28 Jul 2014 23:19:57 GMT

@kr3st00 wrote:
Can you get the Ameriprise Amex Platinum with the EMV chip as well? It should show up under my existing AMEX account, right?

Yes, and yes.

Re: AMEX Platinum Odds of Approval?

Kenny — Mon, 28 Jul 2014 23:21:01 GMT

@kr3st00 wrote:
Can you get the Ameriprise Amex Platinum with the EMV chip as well? It should show up under my existing AMEX account, right?

If approved the card would show under your same account. (If not approved with the EMV that's something that can easily be added via chat.)

Also, not sure if anyone mentioned this but I'd do the 3x CLI before the platinum app.

Re: AMEX Platinum Odds of Approval?

kr3st00 — Mon, 28 Jul 2014 23:24:07 GMT

@KennyRS wrote:
@kr3st00 wrote:
Can you get the Ameriprise Amex Platinum with the EMV chip as well? It should show up under my existing AMEX account, right?
If approved the card would show under your same account. (If not approved with the EMV that's something that can easily be added via chat.)

Also, not sure if anyone mentioned this but I'd do the 3x CLI before the platinum app.

That's what I planned on doing. I'd like for the 3xCLI to go through first, then app for the platinum. Not the other way around.

Re: AMEX Platinum Odds of Approval?

ezdoesit — Mon, 28 Jul 2014 23:41:01 GMT

@kr3st00 wrote:
@KennyRS wrote:
@kr3st00 wrote:
Can you get the Ameriprise Amex Platinum with the EMV chip as well? It should show up under my existing AMEX account, right?
If approved the card would show under your same account. (If not approved with the EMV that's something that can easily be added via chat.)

Also, not sure if anyone mentioned this but I'd do the 3x CLI before the platinum app.
That's what I planned on doing. I'd like for the 3xCLI to go through first, then app for the platinum. Not the other way around.

Definitely go for the Ameriprise Platinum you don't have to have an Ameriprise account. The best Platinum offered by American Express by a long shot it rivals the 100k offer but that is targeted this one is at least open to anyone.

Re: AMEX Platinum Odds of Approval?

kr3st00 — Tue, 29 Jul 2014 02:07:24 GMT

@ezdoesit wrote:
@kr3st00 wrote:
@KennyRS wrote:
@kr3st00 wrote:
Can you get the Ameriprise Amex Platinum with the EMV chip as well? It should show up under my existing AMEX account, right?
If approved the card would show under your same account. (If not approved with the EMV that's something that can easily be added via chat.)

Also, not sure if anyone mentioned this but I'd do the 3x CLI before the platinum app.
That's what I planned on doing. I'd like for the 3xCLI to go through first, then app for the platinum. Not the other way around.
Definitely go for the Ameriprise Platinum you don't have to have an Ameriprise account. The best Platinum offered by American Express by a long shot it rivals the 100k offer but that is targeted this one is at least open to anyone.

That's the plan! I'll let you guys know how it goes tomorrow. Hope I get the 3xCLI + Platinum. FINGERS CROSSED!

Re: AMEX Platinum Odds of Approval?

Anonymous — Tue, 29 Jul 2014 12:09:12 GMT

Wow, you learn something new everyday. Did I read that correctly? If you're an existing AMEX cardholder, and you apply for a different card and get denied, it's only a SP?

Re: AMEX Platinum Odds of Approval?

kr3st00 — Tue, 29 Jul 2014 12:16:00 GMT

That is correct.