topic Re: AMEX Approved!!! in Credit Card Approvals

AMEX Approved!!!

js0319 — Fri, 20 Sep 2013 15:16:46 GMT

Based on your suggestions from my post the other day, I applied for the AMEX PRG last night. I was told that the application was pending, and then I received an email stating I would need to verify my address. I called today, and they called my credit union while I was on the line to confirm the address. They had to verify since my CR's don't show my current address - I just closed on the house on 8/30. When she came back, she congratulated me and told me I was approved and my cards were being expedited.

Now I have a question about the revolvers. They said they do an additional HP for a revolver, even after you were just approved for a charge card. Should I just count my blessings for the charge card, or try for a revolver too - and if so, which one? The rep (when I called to ask about the revolver) said that if I decided to wait, I could try back in a few months and golf or the Blue card. What are your thoughts?

Re: AMEX Approved!!!

acb5456 — Fri, 20 Sep 2013 15:50:21 GMT

Way to go, congarts!

Re: AMEX Approved!!!

Anonymous — Fri, 20 Sep 2013 16:15:45 GMT

I am looking to get another CC and have thought about an AMEX, currently I have a 644 fico which is odd since my Trans Union is a 732? With that said I have no late payments and CC's are at 30-50% usage and being paid down as we speak. Do you think Amex will approve? If not the Amex I travel pretty frequently, so I was also thinking about either a discover or delta miles card?

Any thoughts?

Re: AMEX Approved!!!

js0319 — Fri, 20 Sep 2013 16:17:41 GMT

I would pay down the cards - you should see a score boost from that. I am in the same boat score wise because I have over a 60 point difference between TU and EQ.

Re: AMEX Approved!!!

BearsAndTurtlesRtheBest — Fri, 20 Sep 2013 16:22:02 GMT

Congrats on the approval!

Re: AMEX Approved!!!

Anonymous — Fri, 20 Sep 2013 16:30:58 GMT

Approved! Wise choice to get in the door with charge card. Your scores are likely a little low for revolver approval, as general consensus is that Amex revolvers are more difficult to get approved for. You might be well served gardening for a number of months and then (assuming a score boost and util being reasonably low) apping for revolver in early '14 for backdating benefit.

Re: AMEX Approved!!!

azguy13 — Fri, 20 Sep 2013 16:40:09 GMT

Congrats! I can't wait to get back with AMEX

Re: AMEX Approved!!!

js0319 — Fri, 20 Sep 2013 16:53:31 GMT

I think waiting until next year is probably the best thing to do. I'm just glad to be a part of the Amex family now. Thanks to everyone for your help and support.

Re: AMEX Approved!!!

Anonymous — Fri, 20 Sep 2013 18:44:07 GMT

Congratulations and welcome to the Amex Family.

Re: AMEX Approved!!!

SuperKirby — Fri, 20 Sep 2013 18:51:01 GMT

Grats! Charge card is the way to go to get your feet wet.

If you can meet minimum spend on two cards, then go for it. Assuming you have no more HL, AL's coming up.

Re: AMEX Approved!!!

JMills — Fri, 20 Sep 2013 19:35:02 GMT

So its easier to get a charge than a revolver? I thought it was vise versa? Please explain the process to me?

Re: AMEX Approved!!!

Anonymous — Fri, 20 Sep 2013 20:57:44 GMT

Back in July, I applied for and was approved for the PRG. Immediately after I was approved I applied for and was again approved for the Gold Delta. I ended up with one INQ in each of my CRs in total. It is my understanding that I would have had that happen regardless of my Delta app, since I believe my approval was borderline ($2k CL on the Delta) and I had been denied by Amex multiple times before.

Re: AMEX Approved!!!

red259 — Fri, 20 Sep 2013 21:18:18 GMT

@Anonymous wrote:
Back in July, I applied for and was approved for the PRG. Immediately after I was approved I applied for and was again approved for the Gold Delta. I ended up with one INQ in each of my CRs in total. It is my understanding that I would have had that happen regardless of my Delta app, since I believe my approval was borderline ($2k CL on the Delta) and I had been denied by Amex multiple times before.

That sounds normal. When you apply for a second card it will be a HP if approved.With borderline cases Amex will sometimes pull multiple reports.

Re: AMEX Approved!!!

js0319 — Fri, 20 Sep 2013 21:26:16 GMT

So it's a soft pull only if you're declined?

Re: AMEX Approved!!!

red259 — Fri, 20 Sep 2013 21:27:13 GMT

@js0319 wrote:
So it's a soft pull only if you're declined?

That is my understanding yes.

Re: AMEX Approved!!!

red259 — Fri, 20 Sep 2013 21:31:09 GMT

The idea is that while you have your card Amex does periodic SPs to see how your credit looks. When you apply for a new amex card they look at the last report they pulled for the initial approval/denial. If they approve you then they do a new HP to determine what type of CL is appropriate. I don't know if it has happened to anyone, but I suppose its possible they could approve you on a SP and then when they do the HP they see something crazy they did not expect and they change their approval to a denial. Havne't really heard of that happening much if at all.

Re: AMEX Approved!!!

Anonymous — Fri, 20 Sep 2013 21:35:57 GMT

Just want to caution, it's not a guarantee to receive a sp if declined. There have been some reports of current Amex cardmembers who were declined and received a hp. Finally, the SP if declined is reserved for primary cardmembers only. If you are an ACM and apply - if your app is declined it will result in a hp.

Re: AMEX Approved!!!

js0319 — Fri, 20 Sep 2013 22:07:28 GMT

I tried my luck on the Delta Gold, and I guess my luck ran out. That's ok though - just happy to be in with AMEX.

Re: AMEX Approved!!!

Anonymous — Fri, 20 Sep 2013 22:34:19 GMT

@Anonymous wrote:
I am looking to get another CC and have thought about an AMEX, currently I have a 644 fico which is odd since my Trans Union is a 732? With that said I have no late payments and CC's are at 30-50% usage and being paid down as we speak. Do you think Amex will approve? If not the Amex I travel pretty frequently, so I was also thinking about either a discover or delta miles card?
Any thoughts?

I would hold off based on the current utilization. I don't think AMEX would approve with that level of utilziation. Is that monthly utilization or have you been carrying a balance?

And OP: way to go! You will love your PRG.

Re: AMEX Approved!!!

FocusedAndDetermined — Sat, 21 Sep 2013 00:01:29 GMT

Congrats on the approval.