topic Re: Amex, What are my chances? in Credit Card Applications

Amex, What are my chances?

Anonymous — Thu, 06 Nov 2014 00:02:10 GMT

So I been itching to apply for Amex(I would like to apply in January for one) and not sure if I will be approved my Inq's are what worry me, here is what my Credit looks like:

Experian Fico:767

Revolving Credit to Debt: 1%(135/13000) Paid in full every month 5 days after statement cuts.

Negative information:none

Age of Accounts: oldest 11.6 years, Average account age about 5 years

Inquiries: 7 HP(Dates of each are as follows 11/13, 2/14, 4/14, 4/14, 4/14, 7/14, 9/14) A couple of those were for bank accounts/2 were from credit cards and last one for a mortage check(but not applying for one anytime soon)

Credit cards: I have 3 reporting current, and 3 closed current.

Do you think I will be approved? Or too many recent inquiries, or should I wait a while(had a amex account in good standing about 10 years ago, hoping to get a few cards to backdate and get my age of accounts in better shape)

Re: Amex, What are my chances?

b_diddy — Thu, 06 Nov 2014 00:04:37 GMT

IMO, your chances are good. Did you check the AMEX prequalify page?

Re: Amex, What are my chances?

Anonymous — Thu, 06 Nov 2014 00:05:12 GMT

I don't see any reason why you wouldn't be approved for one. What card interests you?

Re: Amex, What are my chances?

Anonymous — Thu, 06 Nov 2014 00:05:24 GMT

@Anonymous wrote:
So I been itching to apply for Amex(I would like to apply in January for one) and not sure if I will be approved my Inq's are what worry me, here is what my Credit looks like:

Experian Fico:767
Revolving Credit to Debt: 1%(135/13000) Paid in full every month 5 days after statement cuts.
Negative information:none
Age of Accounts: oldest 11.6 years, Average account age about 5 years
Inquiries: 7 HP(Dates of each are as follows 11/13, 2/14, 4/14, 4/14, 4/14, 7/14, 9/14) A couple of those were for bank accounts/2 were from credit cards and last one for a mortage check(but not applying for one anytime soon)
Credit cards: I have 3 reporting current, and 3 closed current.

Do you think I will be approved? Or too many recent inquiries, or should I wait a while(had a amex account in good standing about 10 years ago, hoping to get a few cards to backdate and get my age of accounts in better shape)

I'll be very surprised if you're not approved unless you've burnt AMEX in the past.

Definitely press for a backdate if they don't automatically do it.

Re: Amex, What are my chances?

Anonymous — Thu, 06 Nov 2014 00:07:10 GMT

Ya I check the pre qual page every month(no luck), and no never burnt amex before I had a green card about 10 years ago always PIF.

Re: Amex, What are my chances?

Anonymous — Thu, 06 Nov 2014 00:10:10 GMT

I would like the Blue Cash Preffered Card, and maybe later on in the year the True earnings Costco Card.

Re: Amex, What are my chances?

Anonymous — Thu, 06 Nov 2014 00:28:42 GMT

@Anonymous wrote:
I would like the Blue Cash Preffered Card, and maybe later on in the year the True earnings Costco Card.

I would app both in January for maximum backdating.

Re: Amex, What are my chances?

Anonymous — Thu, 06 Nov 2014 00:32:43 GMT

If I get one in January(and get it backdated), wouldn't all my subsequent cards receive the same member since date no matter how long after I get them?

Re: Amex, What are my chances?

Ron1 — Thu, 06 Nov 2014 00:34:21 GMT

You can get any Amex Cards.

Ron.

Re: Amex, What are my chances?

Anonymous — Thu, 06 Nov 2014 00:39:25 GMT

@Anonymous wrote:
If I get one in January(and get it backdated), wouldn't all my subsequent cards receive the same member since date no matter how long after I get them?

They should backdate to the year of your previous AMEX Green card and the month of origination of the current account.

Re: Amex, What are my chances?

Anonymous — Sun, 09 Nov 2014 13:29:46 GMT

Thanks for the feedback everyone, I will try to let you know what happens in January.

Re: Amex, What are my chances?

Anonymous — Sun, 09 Nov 2014 15:03:31 GMT

Can someone explain to me, as I don't currently have an AE card, why waiting to January is advantageous in terms of backdating?

Re: Amex, What are my chances?

taxi818 — Sun, 09 Nov 2014 15:13:05 GMT

@Anonymous wrote:
Can someone explain to me, as I don't currently have an AE card, why waiting to January is advantageous in terms of backdating?

Ok. will make it quick and ez.

I just got my first amex. October 2014. So my member date is 2014. Correct?

So if I apply January any year. It will take my app month and combine it with my member since date. So example. If I apply for another amex January 2015. It will say card opened in January 2014. Making it a year old. 8 months older than my first card.

If I apply say January 2016. It will make that card on report. Opened jan 2014. My member date. Making it 2 years old. Even it's brand new. Making it older than my first card. Good for my AA of A and credit length. To boost scores. Hope this explains it. Amex new cards gets older with time. All goid for your scores.

Re: Amex, What are my chances?

Anonymous — Sun, 09 Nov 2014 15:19:49 GMT

@taxi818 wrote:
@Anonymous wrote:
Can someone explain to me, as I don't currently have an AE card, why waiting to January is advantageous in terms of backdating?
Ok. will make it quick and ez.
I just got my first amex. October 2014. So my member date is 2014. Correct?
So if I apply January any year. It will take my app month and combine it with my member since date. So example. If I apply for another amex January 2015. It will say card opened in January 2014. Making it a year old. 8 months older than my first card.
If I apply say January 2016. It will make that card on report. Opened jan 2014. My member date. Making it 2 years old. Even it's brand new. Making it older than my first card. Good for my AA of A and credit length. To boost scores. Hope this explains it. Amex new cards gets older with time. All goid for your scores.

Thank you very much. Makes sense. I was planning on applying now but I'll wait. I did though have an AMEX gold back in late 80s into early 90s until I closed the account because of a divorce. I hope when I get one now they'll be able to track that one down but not holding my breath. Would be great for AAoA.

Re: Amex, What are my chances?

taxi818 — Sun, 09 Nov 2014 15:27:54 GMT

@Anonymous wrote:
@taxi818 wrote:
@Anonymous wrote:
Can someone explain to me, as I don't currently have an AE card, why waiting to January is advantageous in terms of backdating?
Ok. will make it quick and ez.
I just got my first amex. October 2014. So my member date is 2014. Correct?
So if I apply January any year. It will take my app month and combine it with my member since date. So example. If I apply for another amex January 2015. It will say card opened in January 2014. Making it a year old. 8 months older than my first card.
If I apply say January 2016. It will make that card on report. Opened jan 2014. My member date. Making it 2 years old. Even it's brand new. Making it older than my first card. Good for my AA of A and credit length. To boost scores. Hope this explains it. Amex new cards gets older with time. All goid for your scores.
Thank you very much. Makes sense. I was planning on applying now but I'll wait. I did though have an AMEX gold back in late 80s into early 90s until I closed the account because of a divorce. I hope when I get one now they'll be able to track that one down but not holding my breath. Would be great for AAoA.

No need for you wait until then. 1980s will add 25 years to your report. Even card new. It will report as a 25 year old card. Your scores will shoot up. Add on. They will know asap. From you social. You're golden.

Re: Amex, What are my chances?

Anonymous — Sun, 09 Nov 2014 15:30:15 GMT

Great to hear. No I have to decide which one

Re: Amex, What are my chances?

taxi818 — Sun, 09 Nov 2014 16:18:53 GMT

@Anonymous wrote:
Great to hear. No I have to decide which one

Well I would go revolver first. As it's a pain in case you don't want to pay in full Options always great. But you can get 1 charge and 1 revolved on same day. Same pull.

Re: Amex, What are my chances?

Anonymous — Sun, 09 Nov 2014 16:59:06 GMT

@taxi818 wrote:
@Anonymous wrote:
Great to hear. No I have to decide which one
Well I would go revolver first. As it's a pain in case you don't want to pay in full Options always great. But you can get 1 charge and 1 revolved on same day. Same pull.

Ok. I'll go that route. Appreciate the advice

Re: Amex, What are my chances?

Anonymous — Sun, 09 Nov 2014 17:31:32 GMT

Make sure you check the AMEX prequal site first and sign up for card offers if nothing shows for you. It might be worth waiting for a good offer; prequal bonuses are usually much bigger than than the public offerings, especially for the Premier Rewards Gold and Platinum charge cards.

Re: Amex, What are my chances?

NRB525 — Sun, 09 Nov 2014 18:02:28 GMT

@Anonymous wrote:
Make sure you check the AMEX prequal site first and sign up for card offers if nothing shows for you. It might be worth waiting for a good offer; prequal bonuses are usually much bigger than than the public offerings, especially for the Premier Rewards Gold and Platinum charge cards.

With the profiles above of folks who are a shoe-in to get AMEX, it pays to shop carefully for those offers. And to not wait for January if 10+ years backdating.