topic Re: AMEX APPROVAL!! in Credit Card Approvals

AMEX APPROVAL!!

NLYTN — Mon, 24 Aug 2015 02:47:56 GMT

Hello All Just wanted to say hello after lurking for so long. So today i decided to finally apply for the AMEX Ed card. I received an pre-selected mailer from them (but was still skeptical) and said screw it. Received an instant offer of only 2.5k but im happy just to get my foot in the door. Im very surprised too as i have 2 baddies on my report but thats about it. I currently have a Cap1 Platinum MC (which used to be an Orchard Bank Secured/oldest card), Cap1 QS, and a Chase Freedom. I am a little disappointed with the limit but as long as my foot in through the door. My largest limit to date is my QS @ 3k.....Yes!!!! thats one goal accomplished.

Re: AMEX APPROVAL!!

myjourney — Mon, 24 Aug 2015 02:50:31 GMT

Welcome to the forum and congrats

Re: AMEX APPROVAL!!

NLYTN — Mon, 24 Aug 2015 02:57:37 GMT

Thanks! Cant wait to learn the ropes and become well versed in all aspects of credit.

Re: AMEX APPROVAL!!

myjourney — Mon, 24 Aug 2015 02:59:41 GMT

@NLYTN wrote:
Thanks! Cant wait to learn the ropes and become well versed in all aspects of credit.

I have no doubt you will too

Re: AMEX APPROVAL!!

Anonymous — Mon, 24 Aug 2015 03:37:44 GMT

Congrats!!!

Re: AMEX APPROVAL!!

Anomalous — Mon, 24 Aug 2015 04:06:50 GMT

@NLYTN wrote:
@Anonymous All Just wanted to say hello after lurking for so long. So today i decided to finally apply for the AMEX Ed card. I received an pre-selected mailer from them (but was still skeptical) and said screw it. Received an instant offer of only 2.5k but im happy just to get my foot in the door. Im very surprised too as i have 2 baddies on my report but thats about it. I currently have a Cap1 Platinum MC (which used to be an Orchard Bank Secured/oldest card), Cap1 QS, and a Chase Freedom. I am a little disappointed with the limit but as long as my foot in through the door. My largest limit to date is my QS @ 3k.....Yes!!!! thats one goal accomplished.

Congratulations!

Re: AMEX APPROVAL!!

alextercero — Mon, 24 Aug 2015 04:18:26 GMT

Congrats

Re: AMEX APPROVAL!!

Anonymous — Mon, 24 Aug 2015 04:27:15 GMT

Congrats! Now if you can afford spending another $334 a month, go to a private browser and google amex prg 50k. It will go under the same hard inquiry, and since you have the ED you will have a no AF card to keep your MR points on ..... enough points for 2 round trip plane tickets, or some upgrades.... charge card, must be paid in full every month.... you will then be earning 2.4 MR points a dollar at grocery stores, 2 per dollar at gas stations, and 2 per dollar spent at restaurants. If you get denied its only a soft pull.....

So if the average MR point is worth 2 cents....thats 4.8% back on groceries and 4% on gas and dining! Its really not that hard to handle the extra card.

Re: AMEX APPROVAL!!

NLYTN — Mon, 24 Aug 2015 04:45:44 GMT

So is this a completely new card? I probably should wait even though its under the same HP. Don't want to seem to card hungry as I will need to get a new car by the end of the year. Taking baby steps for now. Thank you tho for the good tip. How long would I have to do this, or should it have been done right away?

Re: AMEX APPROVAL!!

Anonymous — Mon, 24 Aug 2015 05:11:48 GMT

@NLYTN wrote:
@Anonymous All Just wanted to say hello after lurking for so long. So today i decided to finally apply for the AMEX Ed card. I received an pre-selected mailer from them (but was still skeptical) and said screw it. Received an instant offer of only 2.5k but im happy just to get my foot in the door. Im very surprised too as i have 2 baddies on my report but thats about it. I currently have a Cap1 Platinum MC (which used to be an Orchard Bank Secured/oldest card), Cap1 QS, and a Chase Freedom. I am a little disappointed with the limit but as long as my foot in through the door. My largest limit to date is my QS @ 3k.....Yes!!!! thats one goal accomplished.

Congrats!

Re: AMEX APPROVAL!!

bodyboy1 — Mon, 24 Aug 2015 05:19:14 GMT

> Welcome & Congrtas!

> I Want you to Learn The "SHOPPING CART TRICK!"

> & Get Overstock.com.. Sportsman guide Visa & J crew.. just to name a few

> I want you to Google (shopping Cart trick)

Can someone else <>please Chime in & Explain

they can explain better than i

all the best!

@NLYTN wrote:
Thanks! Cant wait to learn the ropes and become well versed in all aspects of credit.

Re: AMEX APPROVAL!!

Anonymous — Mon, 24 Aug 2015 05:23:48 GMT

@NLYTN wrote:
So is this a completely new card? I probably should wait even though its under the same HP. Don't want to seem to card hungry as I will need to get a new car by the end of the year. Taking baby steps for now. Thank you tho for the good tip. How long would I have to do this, or should it have been done right away?

Thats a good question that I would love a definite answer to. I would say to be safe it should be the same calendar day, but I want to say its in a 24 hour period? Lets see what others say?

BTW If you need to get a new car by the end of the year, I would say take a look at NASA they have some crazy good rates....$5 bucks to join.

Re: AMEX APPROVAL!!

Anonymous — Mon, 24 Aug 2015 05:59:04 GMT

Welcome to the forum!!! Congrats on your approval and welcome to the Amex family. The SL Amex gave you is inline with your Cap 1 CL. Keep up the good work!!!

Re: AMEX APPROVAL!!

UncleB — Mon, 24 Aug 2015 08:02:25 GMT

@Anonymous wrote:
@NLYTN wrote:
So is this a completely new card? I probably should wait even though its under the same HP. Don't want to seem to card hungry as I will need to get a new car by the end of the year. Taking baby steps for now. Thank you tho for the good tip. How long would I have to do this, or should it have been done right away?
Thats a good question that I would love a definite answer to. I would say to be safe it should be the same calendar day, but I want to say its in a 24 hour period? Lets see what others say?

BTW If you need to get a new car by the end of the year, I would say take a look at NASA they have some crazy good rates....$5 bucks to join.

I believe it's the same calendar day.

There's a bit of 'speculation' to this, but it's thought by some that the 'single HP' is actually a function of the credit bureaus, and not Amex. Supposedly when the credit bureaus get two HPs in the same day from the exact same source, they merge them into one, assuming that the second pull was an error or glitch (i.e. double click).

Regardless of who 'merges' the HPs, it seems to be consistent with Amex, and I would personally always take advantage of it!