topic Re: Amex question in Credit Card Approvals

Amex question

Anonymous — Wed, 13 Nov 2013 19:27:39 GMT

After going through the Big D and having a late payment 4 years and 5 months ago, I'm back into rebuilding my credit. Currently I have a CITI Platinum card I opened over a year ago along with a Capital One secured card I used to start rebiulding. I use the CITI for everything and pay it off every 3-4 days. I never keep the balance on the CITI card over 15% at any time so that when it reports to the CRBs it doesn't ding my credit and never carry a balance over to next month.The original limit was $1,000, they've increased the CL to $3500. I signed up for myFICO (I'll be dropping my freecreditreport.com after realizing the lenders don't use PLUS), and pulled my FICO, as of today it show:

TU 702

EQ 740

EX 694 (says I have too few accounts, my bank doesn't report my car loan to EX)

Furthermore, the last hard pull I had on my account was in June of 2012 and each report says I have no inquiries affecting my FICO score.

I've been thinking about an AMEX card for the great rewards also I'm getting a lot of Amex offers for the business. Question, with the above scores, what are my chances of Amex approving me and for what card? I really don't care whether it is a credit or charge card. Second question, could I apply for say the Delta Sky Miles card individually and a Gold charge business card and have only one hard pull? As I understand it and do see on my old FCR that AMEX uses EX, my lowest score.

Thanks for any feedback and insight, feels good to back up over 700 again!!

Re: Amex question

Anonymous — Thu, 14 Nov 2013 00:06:57 GMT

You mention issues ~5 years ago. Are those reporting and how bad were they?
Score wise I think you could get it. Mine was around that when I got it.
You can try cardmatch.com although the recent report is amex isn't showing right now on there. But when they are they have good offers.

Re: Amex question

Anonymous — Thu, 14 Nov 2013 01:35:56 GMT

The issues were two late car payments. Both of those notes have since been paid off satisfactorily. The bank which had those loans is willing to give me another mortgage (sold the house about a year and half ago). No charge offs, income 90-100K, the only debt I have is about 7500 left on a car loan and the two cc's of which the usage is always under 15%.

Re: Amex question

myjourney — Thu, 14 Nov 2013 01:44:29 GMT

Based on what you told us I think you could app Gold business then if approved immediately app the Delta for one HP

You really have nothing to lose since it's been a long time since you had an HP

Re: Amex question

Uppingmyscore — Thu, 14 Nov 2013 01:52:35 GMT

I agree with MJ-Let us know how it went.

Re: Amex question

Anonymous — Thu, 14 Nov 2013 03:09:06 GMT

Thanks. Now I'll throw another thought out, which btw thanks for your knowledge, I don't really need a card for my business, but looking at the myFico credit card description page, it lists a Delta Business card requiring good credit, and a regular Delta card requiring excellent credit. Same thing with the Business Gold..good credit, Premier Rewards Gold requiring excellent credit. My goal, and I don't want to overshoot and get declined and waste a HP,, is to join the Amex ranks with two nice cards with my 740,702,694. Is the business gold easier to get than the regular gold? So, do the business Gold and not the PRG, see what happens then immediately Delta? Should I do the app online from this site? Also, if I do get approved on the first card, just jump right back online and fire off a app for the Delta. Thanks gang, sorry for all the questions but I've just spent a lot of time and effort getting back up to the 7s and don't want to waste a HP

Re: Amex question

Swapmeet — Thu, 14 Nov 2013 03:19:14 GMT

I suggest that you apply for the personal Delta gold. You will probably get it.

Re: Amex question

myjourney — Thu, 14 Nov 2013 03:48:08 GMT

@Anonymous wrote:
Thanks. Now I'll throw another thought out, which btw thanks for your knowledge, I don't really need a card for my business, but looking at the myFico credit card description page, it lists a Delta Business card requiring good credit, and a regular Delta card requiring excellent credit. Same thing with the Business Gold..good credit, Premier Rewards Gold requiring excellent credit. My goal, and I don't want to overshoot and get declined and waste a HP,, is to join the Amex ranks with two nice cards with my 740,702,694. Is the business gold easier to get than the regular gold? So, do the business Gold and not the PRG, see what happens then immediately Delta? Should I do the app online from this site? Also, if I do get approved on the first card, just jump right back online and fire off a app for the Delta. Thanks gang, sorry for all the questions but I've just spent a lot of time and effort getting back up to the 7s and don't want to waste a HP

You kind of lost me would you prefer the the PRG instead of business gold?

If so app PRG then Delta

If I misunderstood please clarify

Re: Amex question

Anonymous — Thu, 14 Nov 2013 04:06:35 GMT

that's something that always amuses me, some people on this forum state they make 100k a year, yet there credit card limits are only 3k-5k. i'm 24 and make borderline 50k and my highest limit is 21k on my amex blue.

Re: Amex question

Gatortrout — Thu, 14 Nov 2013 04:43:48 GMT

Why is that amusing? I don't get the point. Good for you?

Re: Amex question

H4LO — Thu, 14 Nov 2013 04:53:20 GMT

@Anonymous wrote:
that's something that always amuses me, some people on this forum state they make 100k a year, yet there credit card limits are only 3k-5k. i'm 24 and make borderline 50k and my highest limit is 21k on my amex blue.

Cool story bro.

No one cares how old you are or how big your credit-peen is.

Re: Amex question

myjourney — Thu, 14 Nov 2013 04:57:54 GMT

Lets stay on course and help OP

Thank you all

Re: Amex question

Anonymous — Thu, 14 Nov 2013 05:00:26 GMT

You mention issues ~5 years ago

Re: Amex question

djc1puno — Thu, 14 Nov 2013 06:23:35 GMT

@myjourney wrote:
Based on what you told us I think you could app Gold business then if approved immediately app the Delta for one HP
You really have nothing to lose since it's been a long time since you had an HP

as always...+1 to MJ...gl!

Re: Amex question

jamie123 — Thu, 14 Nov 2013 06:25:18 GMT

I think you are being overly cautious. With your scores, one year of good history managing multiple cards and high income you are a shoe in for whatever card you want from AMEX. I would suggest the BCE or the BCP.

With your scores and history this would be a good time to add a total of 2 credit cards to widen and deepen your credit base. If you are approved for an AMEX card I would suggest immediately applying for either a Chase Freedom or Discover IT card.

Don't be discouraged if you get the 7-10 day message. Make sure to recon! People that have thin files tend to get that message and are subsequently approved after doing a recon.

Report back here and let us know how it turned out.

Good luck!

Re: Amex question

Anonymous — Thu, 14 Nov 2013 11:42:20 GMT

Sound like you are in good shape. What you get now will grow with time and good usage.
I don't think two lates from 5 years ago is anything to worry about!

Re: Amex question

Anonymous — Thu, 14 Nov 2013 15:41:14 GMT

Thanks gang, I've learned a lot in a short amount of time from myFICO. OK, I'm IN!! Applied for the Enchanced Buisiness Gold Rewards on the phone from a mailer RSVP code app, got approved. Immediately hung up...smilng....and applied online for the Gold Delta Sky Miles, got approved!! Once again, thanks for the collective knowledge on this site.

Another question, how do I find out how much my CL is on the sky miles?

Is there anything I should do as in logging in, creating an account, whatever with Amex, or do I have to wait until I physically receive the cards. Sorry for the newbee questions but I'm thrilled to be IN and probably should holster my enthusiasm and start as you say....gardening

Re: Amex question

mongstradamus — Thu, 14 Nov 2013 16:16:53 GMT

@Anonymous wrote:
Thanks gang, I've learned a lot in a short amount of time from myFICO. OK, I'm IN!! Applied for the Enchanced Buisiness Gold Rewards on the phone from a mailer RSVP code app, got approved. Immediately hung up...smilng....and applied online for the Gold Delta Sky Miles, got approved!! Once again, thanks for the collective knowledge on this site.

Another question, how do I find out how much my CL is on the sky miles?

Is there anything I should do as in logging in, creating an account, whatever with Amex, or do I have to wait until I physically receive the cards. Sorry for the newbee questions but I'm thrilled to be IN and probably should holster my enthusiasm and start as you say....gardening

With amex usually you can call in and they will tell you your new CL.

Re: Amex question

Gatortrout — Thu, 14 Nov 2013 16:33:34 GMT

Congrats! Yep you can call in and they will tell you.

Re: Amex question

Anonymous — Thu, 14 Nov 2013 17:01:12 GMT

Will do, thanks. Also, did as jamie123 advised, appt Chase Freedom and got approved. That will leave me with 3 new cards, 2 HPs and a nice wallet to let settle down and foster. Time to go gardening and let em grow.