topic Re: Amex app odds. in Credit Card Applications

Amex app odds.

Meanmchine — Tue, 20 Sep 2016 16:17:53 GMT

Hi everyone.

OK, after quite a bit of rebuilding Im beginning to build up my nerve to try my luck with Amex. He is my profile

Current Fico8 Ex 686

Chargeoffs 5 ( all over 6 years old only 1 is paid ) One of the accounts ages off in like 5 weeks (the one that is PIF )

Time since last late 56 months

AAoA 4.5 years

Inquiries 14 total but only 5 in last 12 months

No collections

Current util 7%

Im looking at the easiest card to qualify for just to get my foot in the door. For me, its a tossup between Delta Skymiles or Amex Green

Do I have chance?

EDIT Nothing popping for me on Amex prequal site

Thanks

Re: Amex app odds.

fltireguy — Tue, 20 Sep 2016 16:10:29 GMT

I would say go for it... Your Ex is good enough, plus the fact that there is nothing anywhere recent as far as baddies on your reports..

Re: Amex app odds.

Anonymous — Tue, 20 Sep 2016 16:25:55 GMT

Go for both of those cards in the same day. start with the delta sky miles. if you get it, apply for the green card, you will most likely get it too.

your profile looks good enough for both.

Re: Amex app odds.

Anonymous — Tue, 20 Sep 2016 16:55:54 GMT

There is no underwriting difference between the Green, Premier Rewards Gold or Platinum cards. Apply for the one that best suits your needs and don't apply for the Delta card unless you actually plan on flying on Delta airlines. There is absolutely no benefit to having an Amex card just to have one.

Re: Amex app odds.

Meanmchine — Tue, 20 Sep 2016 21:16:32 GMT

I would be apping for the sole purpose of stroking my own ego. I acknowledge this. The difference between the green, gold or plat to me is the AF. Since I do not plan on running through the dollars to make the gold or plat self sufficient, I will take the green.

I am entitled to my ego. I may take my own steps to nurish said ego.

Besides, im thinking of maybe the BCE insted of Delta but BCE is harder to get

Re: Amex app odds.

Anonymous — Tue, 20 Sep 2016 22:56:42 GMT

With the unpaid chargeoffs, I would say you would be declined. IMO only. Good luck!

Re: Amex app odds.

Anonymous — Wed, 21 Sep 2016 02:27:08 GMT

@Meanmchine wrote:
I would be apping for the sole purpose of stroking my own ego. I acknowledge this. The difference between the green, gold or plat to me is the AF. Since I do not plan on running through the dollars to make the gold or plat self sufficient, I will take the green.

I am entitled to my ego. I may take my own steps to nurish said ego.

Besides, im thinking of maybe the BCE insted of Delta but BCE is harder to get

The charge accounts are a little easier to get approved for than the credit card revolvers. However if you are dead set on getting a revolver, the Delta Gold is rumored to be easier than the others. Possibly easier than the BCE anyway. Could be the difference between an approval or a decline. Good luck OP!

Re: Amex app odds.

Anonymous — Wed, 21 Sep 2016 19:14:59 GMT

Definitely go for it. I was in the beginning of rebuilding when I apped and was approved for my BCP. It doesn't hurt to try!

Re: Amex app odds.

Anonymous — Thu, 22 Sep 2016 10:40:20 GMT

If you're going to get a charge card, the PRG gives better points than the traditional Green, Gold or Platinum. Also, if you already have a CB card, the EveryDay card would be better to combine points from the two cards. The BCP is okay only if you spend a lot at traditional grocery stores.

Re: Amex app odds.

Meanmchine — Fri, 23 Sep 2016 17:23:53 GMT

i have an EXP baddie falling off the end of next month. As much as Id like to pull the trigger now I think I will wait. Maybe my score will be closer to 700 by then. Also a few inquiries wil fall off by then making the report look a little bit cleaner. Thanks all for the input.

Re: Amex app odds.

Anonymous — Fri, 23 Sep 2016 22:36:53 GMT

Hit the Credit Pulls Database and see what scores were denied for the card you're interested in. If you see a handful of scores denied that are at or above yours, it's probably not wise to apply. If you see lots of people approved with scores at or lower than yours, it would make sense to give it a shot. This is honestly the best way to access real data points above and beyond just what forum members here "feel" may be the way to go.

Re: Amex app odds.

KSK1912 — Sat, 24 Sep 2016 14:31:13 GMT

I think you could pull the trigger now. If the baddie is almost 7 years old, it has absolutely no effect on your score, especially with other CO accounts still on your report. The only way it would make a significant difference is when the last one falls off and you are rebucketed, then, in my case, i had seen almost 50 points jump on my TU score overnight. Besides that, you will not see any difference in your score because the CO is very old. If you do Delta, you will probably get approved for $1000. Then use it for 4 to 6 months, and generate seom internal score with Amex, then apply for BCE. You will get it in a heart beat. You can go for the Delta and Green on the same day, back to back.