topic Re: Schwab Amex Surprise in Credit Card Approvals

Schwab Amex Surprise

yzerman — Fri, 28 May 2021 20:19:57 GMT

I have a preexisting relationship with Amex including Gold, Green, BCE and Hilton Honors. DP experian 669 fico 8 but last derog is over 5yrs old. My BCE and Hilton have a cl of only 1k each so I wasn't expecting much. I went for it and received a Schwab Amex Investor Card instant approval for $10,800 SL! Hard to believe with a mediocre fico but I do pif my other Amex cards every month by making multiple payments. Once you get your foot in the door with Amex anything can happen!! All of these cards were obtained with only the one initial HP which is an extra bonus.

Re: Schwab Amex Surprise

GrandBay — Thu, 27 May 2021 12:50:39 GMT

@yzerman CONGRATS on the Schwab!

Re: Schwab Amex Surprise

Golf-and-Credit — Thu, 27 May 2021 13:52:09 GMT

Congrats on the approval and the new Schwab!

Re: Schwab Amex Surprise

CreditAggie — Thu, 27 May 2021 14:05:20 GMT

Congratulations on your Schwab Amex approval!

Re: Schwab Amex Surprise

M_Smart007 — Thu, 27 May 2021 15:32:10 GMT

Congratulations on your approval!

Re: Schwab Amex Surprise

babygirl1256 — Thu, 27 May 2021 15:48:48 GMT

Congrats on your Schwab Amex Investor Card instant approval.

Re: Schwab Amex Surprise

gdale6 — Thu, 27 May 2021 15:55:41 GMT

Sweet, grats on the very nice 10.8K SL

Re: Schwab Amex Surprise

AllZero — Thu, 27 May 2021 15:59:10 GMT

Congratulations on your approval!

Re: Schwab Amex Surprise

coreyb80 — Thu, 27 May 2021 17:13:35 GMT

Congrats on the approval!

Re: Schwab Amex Surprise

KingRue8500 — Thu, 27 May 2021 22:34:23 GMT

Congrats on your Schwab Investor AMEX approval

Re: Schwab Amex Surprise

Mr_Mojo_Risin — Thu, 27 May 2021 22:46:34 GMT

Whew, you hit em pretty hard on that one. Congrats on a fantastic approval!

Re: Schwab Amex Surprise

mrcraft — Thu, 27 May 2021 22:47:36 GMT

Congratulations on your approval!!

Re: Schwab Amex Surprise

yzerman — Thu, 27 May 2021 23:06:09 GMT

@Mr_Mojo_Risin wrote:
Whew, you hit em pretty hard on that one. Congrats on a fantastic approval!

Thanks for all the positive vibes in this room! Believe me I was shocked! I was expecting maybe a 2 or 3k max SL if I was even approved. I have a fair amount in my Schwab account so maybe that played a factor? To be totally honest I don't understand how my credit profile justified a 10k+ SL from Amex but I'll gladly take it!

Re: Schwab Amex Surprise

Anonymous — Thu, 27 May 2021 23:24:25 GMT

@yzerman

Congratulations on your Schwab approval!!! I'm so jealous. I've been with Schwab for years. Have an IRA, brokerage and investor checking. I really want that AMEX Investor card! Except I have somewhat of a "bad history" with AMEX. Somone fraudulently opened an AMEX card and was able to get it removed as fraudulent, but been scared to app for them since then.

Re: Schwab Amex Surprise

yzerman — Thu, 27 May 2021 23:46:38 GMT

@Anonymous wrote:
@yzerman

Congratulations on your Schwab approval!!! I'm so jealous. I've been with Schwab for years. Have an IRA, brokerage and investor checking. I really want that AMEX Investor card! Except I have somewhat of a "bad history" with AMEX. Somone fraudulently opened an AMEX card and was able to get it removed as fraudulent, but been scared to app for them since then.

Sorry to hear that. Maybe it's worth an inquiry to app for one of the easier approved cobranded cards like the Delta or Hilton group. Once you're in and establish yourself the sky's the limit.

Re: Schwab Amex Surprise

Anonymous — Fri, 28 May 2021 01:08:20 GMT

@yzerman wrote:
@Anonymous wrote:
@yzerman

Congratulations on your Schwab approval!!! I'm so jealous. I've been with Schwab for years. Have an IRA, brokerage and investor checking. I really want that AMEX Investor card! Except I have somewhat of a "bad history" with AMEX. Somone fraudulently opened an AMEX card and was able to get it removed as fraudulent, but been scared to app for them since then.
Sorry to hear that. Maybe it's worth an inquiry to app for one of the easier approved cobranded cards like the Delta or Hilton group. Once you're in and establish yourself the sky's the limit.

True.....TBH, if I'm going to make an attempt to get in with AMEX (officially), then I'd rather it be either the BCE or Schwab Investor. I'm just hesitant that's all. I think it's worth the inquiry. That's not the issue I'm mostly concerned about though.

There are a lot of other things I need to consider as far as if/when applying for AMEX goes. I've opened 5 revolving lines between 10/20-4/21 (5/12), they pull EX (4 inquires), one last derogatory remaining AND this fraud thing has me a little concerned. I've tried the prequalify tool on AMEX many times since the fraudulent account was resolved/removed and have gotten zero offers/prequalifies. May have to do with the fraud thing, but I'm not sure. Might have to call them about that one. I'm almost certain I'd get approved but the whole opening 5 lines in less than a year I'm not a fan of.

I'm applying for a mortgage soon-ish (7/22). Since I began my rebuild in 9/20, I've exceeded all FICO scores goals I set in place (specifically F8 and mortgage scores). By then, all my accounts will have aged 12 months, no derogatory and implement AZEO.

It's just that darn itch to apply for that NFCU More Rewards card. I mean technically I can apply now and still by ok by mortgage time, but I'd rather do whatever I can to be at peak scores when it's time.

Re: Schwab Amex Surprise

yzerman — Fri, 28 May 2021 01:34:23 GMT

"I'm applying for a mortgage soon-ish (7/22). Since I began my rebuild in 9/20, I've exceeded all FICO scores goals I set in place (specifically F8 and mortgage scores). By then, all my accounts will have aged 12 months, no derogatory and implement AZEO. "

If it's a cc vs a mortgage, the mortgage wins every time. Not even close. You can apply for a credit card later but don't do anything to jeopardize your mortgage app. I know those shiny new cards are tempting but get that house first and then go on a cc spree 😊. I feel for your situation and hope everything works out for you. Good luck!

Re: Schwab Amex Surprise

Total80sKid — Fri, 28 May 2021 07:12:51 GMT

Congrats on your Schwab AMEX approval!