topic Re: Amex Everday Preferred in Credit Card Approvals

Amex Everday Preferred

Anonymous — Sat, 13 Dec 2014 23:46:33 GMT

I am looking to apply for the American Express Everday Preferred card and want some advice. I have a 746 CK score, a 715 Experian, and am wondering if I will get approved. I have one late payment from about 3 years ago and 4 credit cards with a total CL around 8500. Amex just mailed me a pre-approved offer for a Platinum card, but I am not sure if that really means anything. In the last week, I paid off all of my cards and am waiting for the due dates to come and the card companies to report that to the credit bureaus.

What are my chances of approval and what can I do to insure I get this card?

When is the best time to apply? Are there any tricks with American Express for credit limits or length of card held?

Thank you for your help.

Re: Amex Everday Preferred

Anonymous — Sat, 13 Dec 2014 23:57:45 GMT

@Anonymous wrote:
I am looking to apply for the American Express Everday Preferred card and want some advice. I have a 746 CK score, a 715 Experian, and am wondering if I will get approved. I have one late payment from about 3 years ago and 4 credit cards with a total CL around 8500. Amex just mailed me a pre-approved offer for a Platinum card, but I am not sure if that really means anything. In the last week, I paid off all of my cards and am waiting for the due dates to come and the card companies to report that to the credit bureaus.

What are my chances of approval and what can I do to insure I get this card?
When is the best time to apply? Are there any tricks with American Express for credit limits or length of card held?
Thank you for your help.

Have you checked American Express' prequalified site? Even if you're not listed there I think you have a very good shot at the EDP. There aren't any tricks other then having decent credit score and low utilization on existing cards

Re: Amex Everday Preferred

Anonymous — Sun, 14 Dec 2014 00:02:38 GMT

I have pre-approval for the BCE, Gold, and Everyday but not the EDP. Should I wait until the end of the month for an update of my balances to the bureaus of just go for it?

Re: Amex Everday Preferred

Anonymous — Sun, 14 Dec 2014 00:03:41 GMT

@Anonymous wrote:
I have pre-approval for the BCE, Gold, and Everyday but not the EDP. Should I wait until the end of the month for an update of my balances to the bureaus of just go for it?

What's your utilization % as its reporting now?

Re: Amex Everday Preferred

Anonymous — Sun, 14 Dec 2014 00:08:04 GMT

The free sites are saying 13%, but there are currently no balances on anything.

Re: Amex Everday Preferred

Anonymous — Sun, 14 Dec 2014 00:08:56 GMT

@Anonymous wrote:
The free sites are saying 13%, but there are currently no balances on anything.

Apply now. No need to wait. Let us know how it goes.

Re: Amex Everday Preferred

newhis — Sun, 14 Dec 2014 00:59:36 GMT

Go for it

Re: Amex Everday Preferred

mongstradamus — Sun, 14 Dec 2014 03:12:43 GMT

@Anonymous wrote:
I have pre-approval for the BCE, Gold, and Everyday but not the EDP. Should I wait until the end of the month for an update of my balances to the bureaus of just go for it?

I am not sure if ED and EDP has same UW criteria. If thats the case then you should be good to go.

Re: Amex Everday Preferred

Anonymous — Sun, 14 Dec 2014 06:59:46 GMT

I am pretty nervous to apply and am cautious about being careless with my HP's. I think I will just wait for my score to go up a few points and have the zero balances updated before applying.... Because I am a coward....

Re: Amex Everday Preferred

Anonymous — Sun, 14 Dec 2014 07:24:41 GMT

@Anonymous wrote:
I am pretty nervous to apply and am cautious about being careless with my HP's. I think I will just wait for my score to go up a few points and have the zero balances updated before applying.... Because I am a coward....

I understand being nervos but your score is fine and so are the balances. If you wait too long you're going to lose out on getting an MSD of 2014. Besides you have preapprovals for other cards with the same underwriting requirements

Re: Amex Everday Preferred

Anonymous — Sun, 14 Dec 2014 07:30:32 GMT

If I get declined, is there a number you can call to dispute it and give your side? I did that with my chase freedom card and persuaded my way from decline to a 1k cl.

Re: Amex Everday Preferred

Anonymous — Sun, 14 Dec 2014 07:55:11 GMT

@Anonymous wrote:
If I get declined, is there a number you can call to dispute it and give your side? I did that with my chase freedom card and persuaded my way from decline to a 1k cl.

Not really with Amex unless there is something wrong on the credit report they pull

Re: Amex Everday Preferred

Anonymous — Sun, 14 Dec 2014 18:41:26 GMT

@Anonymous wrote:
@Anonymous wrote:
If I get declined, is there a number you can call to dispute it and give your side? I did that with my chase freedom card and persuaded my way from decline to a 1k cl.
Not really with Amex unless there is something wrong on the credit report they pull

I would respectfully disagree with this or at least half of it. I applied for the AMEX EDP a few months back, my file was extremely thin but my experian score that AMEX used was a 748 and I was declined. At that time I only had 5 credit card payments under my belt on my only credit card. The only other thing on my report was a 8 year old car loan that was paid as agreed. I was declined for the AMEX EDP. I called and asked for a reconsideration and was approved about 4 hours later.

I think you should go ahead an apply, if you are not approved instantly call in and ask them if they need more information. If they tell you it has been denied immediately ask for a reconsideration. You don't need to prepare a presentation. With AMEX a reconsideration is simply a manual review of your credit file.

Good luck!

Re: Amex Everday Preferred

mongstradamus — Sun, 14 Dec 2014 20:30:46 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
If I get declined, is there a number you can call to dispute it and give your side? I did that with my chase freedom card and persuaded my way from decline to a 1k cl.
Not really with Amex unless there is something wrong on the credit report they pull
I would respectfully disagree with this or at least half of it. I applied for the AMEX EDP a few months back, my file was extremely thin but my experian score that AMEX used was a 748 and I was declined. At that time I only had 5 credit card payments under my belt on my only credit card. The only other thing on my report was a 8 year old car loan that was paid as agreed. I was declined for the AMEX EDP. I called and asked for a reconsideration and was approved about 4 hours later.
I think you should go ahead an apply, if you are not approved instantly call in and ask them if they need more information. If they tell you it has been denied immediately ask for a reconsideration. You don't need to prepare a presentation. With AMEX a reconsideration is simply a manual review of your credit file.
Good luck!

yeah with some banks sometimes no history is worse than bad history.

Re: Amex Everday Preferred

Anonymous — Sun, 14 Dec 2014 23:38:41 GMT

I got approved! $3500 credit limit, but I am still amped. Took my girlfriend talking to me into it after a few drinks but it did work out. Thank you guys for the help!

Re: Amex Everday Preferred

Anonymous — Sun, 14 Dec 2014 23:42:32 GMT

Time for some more apps! Lol

Congratulations#

Re: Amex Everday Preferred

Anonymous — Sun, 14 Dec 2014 23:51:46 GMT

Congratulations on your approval for your Amex EDP! Continue Success in The World of Credit Cards!

Re: Amex Everday Preferred

Anonymous — Sun, 14 Dec 2014 23:59:56 GMT

Thank you all for the help.

For anyone it helps- I pulled experian today and my score was 728 with 13% utilization. I have 4 cards before this one and about 8500CL and one late payment on my record. Good luck all!

Re: Amex Everday Preferred

Anonymous — Mon, 15 Dec 2014 01:32:42 GMT

Congratulations!

Re: Amex Everday Preferred

Legen_dary — Mon, 15 Dec 2014 15:51:19 GMT

Congrats! I'm applying for the EDP on 1/1 (waiting for backdating)