topic Re: Amex Approval Low EX Score in Credit Card Approvals

Amex Approval Low EX Score

Mztee35 — Mon, 22 May 2017 19:00:51 GMT

Hello everyone I've been lurking for awhile now and thought I would post about my Amex experience in hopes it will encourage others.

My stats:

Filed bankruptcy 7-11 discharded 10-11

I applied for NO credit up until now, the only thing on my credit report was student loans

Pulled credit 2-17, found about 7 collection accounts and three charge off accounts...all have since been removed

Starting scores were all in the mid 500's

Current scores: EQ: 618 (will be higher once they remove the charge off and late student loan payments), TU: 598, EX: 629

I applied for a secured card with my credit union and was approved for $1000 has not reported to the credit bureas as of yet.

They told me my EQ score was 636. After signing up for MyFico Premiere 3B I can now see that they actually use mortgage scores

for credit card applications. I was 4 points short for getting an unsecured card. I will wait a few months and get the unsecured card from them.

Found this site and decided to try some of the pre-approval websites.

1. Capital One had nothing for me

2. BOA had nothing for me

3. Amex gave me 2 offers, suprised to say the least!

I know from reading that they pull EX and since I only have one inquiry on EQ from my credit union I decided to waste an inquiry to see what would happen.

They gave me the 14 day message. I called in and was told that because I have a fraud alert on EX they would need to speak to someone at my CU. Being

the weekend my CU was closed. Called in today and was told the bank had to send in a letter **bleep**. I hung up and called back got another guy who verified

my phone number was linked to my address and stated he would hang up and call me back. He called me back verified my identify and instantly approved

for the Amex BCE with a $1000 SL....WOW and this my friends is with a EX score of 629.

My credit report has 6 SL late payments with Navient and one account with USAA from the bankruptcy and the bankruptcy itself which is 6 years old.

Suprising my mortage scores with no revolving history are EQ: 634, TU: 668 EX: 707

Hope this helps anyone who is on the fence about applying with AMEX, seems they have relaxed their standards.

Question, I was also pre-qualified for the AMEX Everyday Card, do you think I should apply for it now or wait until after the 60 day CLI?

Re: Amex Approval Low EX Score

AverageJoesCredit — Mon, 22 May 2017 19:42:57 GMT

Way to go! Most of the times we see you can app a revolver and charge in same day and be approved but recently have been some posts refering to apping 2 revolvers and getting them both. You can always try you may end up with another hp but you just may get it with same pull as your first. YMMV. Best of luck and enjoy your new Amex

Re: Amex Approval Low EX Score

Mztee35 — Mon, 22 May 2017 19:45:54 GMT

Thanks my only concern is growing the card with the 60 day CLI you can only do one card at at time.

I would have to choose which card to grow. I think I'll grow this card and once I hit the max hopefully 10,000, I'll apply for another.

Re: Amex Approval Low EX Score

Anonymous — Wed, 03 Jan 2018 16:30:56 GMT

Your not the only one. First off in Ohio, they only pull Experian according to credit boards pull. I had a 609, 624, 634. 634 was through Experian. Over 8 revolving open. 120 days on one but that was 16 months ago. Loan from mobi loans and rise. Once 30 days late on Mobiloans.

3 collections 934, 318, 72 bucks. One bk from 2011. Yet my overall utilization was around 40% when I apps. All other cards paid on time no issues. I have great mix of credit. Overall managed pretty decent.

I think Amex looks further than the surface. Number 1, I probably barely made the cut on the score. Number 2, they look at your whole profile. They know who they want to extend credit to. I used to try forever with the pre-qualify tool on their site, but never got anything. Then on the morning of New Year’s Eve, I tried and WOW!!! Got the green Amex. Was curious why I didn’t get the gold which is what I wanted. Called and asked. It was like a dream as the reps simply said” you’re pre-qualified for that too!” WHAT? He even said the in imaginable, which was “ sir I can give you the platinum as well.”

I was stunned! I was happy as hell before all of this because 5 mins earlier, I finally got the marathon gas card from comenity. This just made it a day that will go down in infamy. Lol. Today is the 3rd of January. I’m still dreaming it feels like. What a hell of a way to start off the year. I’m still just like, wow but paranoid. I keep checking my email for an apology about how the system made an error in approval of your app. Very nervous right now too . Very uneasy until I get the card.

Re: Amex Approval Low EX Score

GFer — Wed, 03 Jan 2018 16:46:19 GMT

Congratulations to both of you! Amex will most certainly grow with you, if you treat your credit right!

Re: Amex Approval Low EX Score

Anonymous — Wed, 03 Jan 2018 16:51:23 GMT

Thanks Gfer. What’s the odds of them coming back and reversing application? I told you, I’m really paranoid. Lol

Re: Amex Approval Low EX Score

GFer — Wed, 03 Jan 2018 16:53:02 GMT

I wouldn't worry about it. But I would definitely NOT do any more apps at this time, as you might spook them! Take a deep breath and enjoy your success at this point!

Re: Amex Approval Low EX Score

Adkins — Wed, 03 Jan 2018 17:16:40 GMT

Congratulations!!

@Mztee35 wrote:
Hello everyone I've been lurking for awhile now and thought I would post about my Amex experience in hopes it will encourage others.

My stats:
Filed bankruptcy 7-11 discharded 10-11
I applied for NO credit up until now, the only thing on my credit report was student loans
Pulled credit 2-17, found about 7 collection accounts and three charge off accounts...all have since been removed

Starting scores were all in the mid 500's
Current scores: EQ: 618 (will be higher once they remove the charge off and late student loan payments), TU: 598, EX: 629

I applied for a secured card with my credit union and was approved for $1000 has not reported to the credit bureas as of yet.
They told me my EQ score was 636. After signing up for MyFico Premiere 3B I can now see that they actually use mortgage scores
for credit card applications. I was 4 points short for getting an unsecured card. I will wait a few months and get the unsecured card from them.

Found this site and decided to try some of the pre-approval websites.
1. Capital One had nothing for me
2. BOA had nothing for me
3. Amex gave me 2 offers, suprised to say the least!

I know from reading that they pull EX and since I only have one inquiry on EQ from my credit union I decided to waste an inquiry to see what would happen.
They gave me the 14 day message. I called in and was told that because I have a fraud alert on EX they would need to speak to someone at my CU. Being
the weekend my CU was closed. Called in today and was told the bank had to send in a letter **bleep**. I hung up and called back got another guy who verified
my phone number was linked to my address and stated he would hang up and call me back. He called me back verified my identify and instantly approved
for the Amex BCE with a $1000 SL....WOW and this my friends is with a EX score of 629.

My credit report has 6 SL late payments with Navient and one account with USAA from the bankruptcy and the bankruptcy itself which is 6 years old.

Suprising my mortage scores with no revolving history are EQ: 634, TU: 668 EX: 707

Hope this helps anyone who is on the fence about applying with AMEX, seems they have relaxed their standards.

Question, I was also pre-qualified for the AMEX Everyday Card, do you think I should apply for it now or wait until after the 60 day CLI?

Re: Amex Approval Low EX Score

Anonymous — Wed, 03 Jan 2018 17:36:13 GMT

It’s as good a time if any. I personally think they’re in recruiting mode. Go get. Take the chance. You’re not pre-qualified forever.