topic Re: Blue Cash Preferred in Credit Card Applications

Blue Cash Preferred

Anonymous — Tue, 11 Jul 2017 23:09:54 GMT

Hi everyone,

So I'm pre-qualified for the Amex Gold, Amex Green and EDP. The EDP is at the lowest possible APR range that Amex offers, cool right? I'm pretty happy about it anyway. But I'm not really interested in the above 3 cards. I want a cashback and I don't really want a charge card right now. What I really want is the BCP. I went incognito on Chrome and was able to get the $250 offer to pop.

So here's my question before I apply: Since I am pre-qualified for the EDP, are my chances of getting a solid SL and low APR on a "cold app" BCP good? I don't want to get stuck with a high APR $500 limit card.

I'm also mulling over taking my CFU prequal but I may wait on that to make my 0% APR coverage more spread out, and get more history for a stronger card with Chase. I may opt for the NFCU Cashrewards instead. I'm kind of wracking up a lot of 1.5% cards at this point...but my Quicksilver is nigh useless with my $500 limit.

Re: Blue Cash Preferred

Gmood1 — Tue, 11 Jul 2017 23:11:07 GMT

When it comes to Amex, APR isn't something to worry about. This is the one card company that prefers you to PIF every month. Think of every card they have as a charge card.

If you're pre-approved for the others. I'd wager you'll be fine with the BCP. Amex cards grow really fast..as long as you are PIF every month.

Re: Blue Cash Preferred

Anonymous — Tue, 11 Jul 2017 23:18:32 GMT

Ouch. One of the reasons I want the BCP is their 12 month 0% APR promo because I was going to make a roughly $2000 purchase on it and pay it off over about 6 months to lessen the immediate impact of it on my current finances. I have a stready income, I just prefer to pay things off incrementally if I can. Would that behavior effect my relationship with Amex?

My BoA cash rewards is 0% APR until February but my limit is $2900 so I didn't want to max it out.

Re: Blue Cash Preferred

Gregory1776 — Tue, 11 Jul 2017 23:20:46 GMT

**bleep**. I wish I knew about that incognito deal!!

Re: Blue Cash Preferred

Gregory1776 — Tue, 11 Jul 2017 23:24:19 GMT

@Anonymous wrote:
Hi everyone,

So I'm pre-qualified for the Amex Gold, Amex Green and EDP. The EDP is at the lowest possible APR range that Amex offers, cool right? I'm pretty happy about it anyway. But I'm not really interested in the above 3 cards. I want a cashback and I don't really want a charge card right now. What I really want is the BCP. I went incognito on Chrome and was able to get the $250 offer to pop.

So here's my question before I apply: Since I am pre-qualified for the EDP, are my chances of getting a solid SL and low APR on a "cold app" BCP good? I don't want to get stuck with a high APR $500 limit card.

I'm also mulling over taking my CFU prequal but I may wait on that to make my 0% APR coverage more spread out, and get more history for a stronger card with Chase. I may opt for the NFCU Cashrewards instead. I'm kind of wracking up a lot of 1.5% cards at this point...but my Quicksilver is nigh useless with my $500 limit.

With your scores, youll probably get approved for near anything amex can give you. their CLI's are a easy. youll definatly want to pay in full every month. you shouldnt want to be carrying a balance, intrest is no fun.

Re: Blue Cash Preferred

Anonymous — Tue, 11 Jul 2017 23:25:18 GMT

Based on your scores, i think you have a really good chance...what else is on your credit? (balances, CLs, loans, etc)

Re: Blue Cash Preferred

Anonymous — Tue, 11 Jul 2017 23:25:55 GMT

Ah yeah, I see in the CLI thread that they'll deny you for not PIF. That's a little hitch in my plan, BUT if I apply for this card and increase my total credit availability the purchase won't hit me as hard. I'm really low on available credit so my current credit goal is to quadruple it. I don't ever plan on purchasing anything more than roughly $3k at any given time and I'd make a payment on that immediately so it'd be more like $2700.

Re: Blue Cash Preferred

Anonymous — Tue, 11 Jul 2017 23:31:53 GMT

@Anonymous wrote:
Based on your scores, i think you have a really good chance...what else is on your credit? (balances, CLs, loans, etc)

@I have an Alliant SSL @ <9% util. I keep $3 on either one of my cards at any given time. Only 3 inqs on EX, 3 on EQ and 4 on TU.

@Gregory1776 wrote:

With your scores, youll probably get approved for near anything amex can give you. their CLI's are a easy. youll definatly want to pay in full every month. you shouldnt want to be carrying a balance, intrest is no fun.

I'd never carry a balance on an account with an active APR. I was going to use the 0% APR 12 month period to my advantage.

Re: Blue Cash Preferred

Gmood1 — Tue, 11 Jul 2017 23:31:01 GMT

@Anonymous wrote:
Ouch. One of the reasons I want the BCP is their 12 month 0% APR promo because I was going to make a roughly $2000 purchase on it and pay it off over about 6 months to lessen the immediate impact of it on my current finances. I have a stready income, I just prefer to pay things off incrementally if I can. Would that behavior effect my relationship with Amex?

My BoA cash rewards is 0% APR until February but my limit is $2900 so I didn't want to max it out.

No hard rule that you can't use them for that. I'd recommend not with Amex. Especially if you want it to grow.

Citi thrives on the BTs or paying over time. Are you in with them? Blispay is another six months option.

Re: Blue Cash Preferred

Anonymous — Tue, 11 Jul 2017 23:33:22 GMT

@Gmood1 wrote:
@Anonymous wrote:
Ouch. One of the reasons I want the BCP is their 12 month 0% APR promo because I was going to make a roughly $2000 purchase on it and pay it off over about 6 months to lessen the immediate impact of it on my current finances. I have a stready income, I just prefer to pay things off incrementally if I can. Would that behavior effect my relationship with Amex?

My BoA cash rewards is 0% APR until February but my limit is $2900 so I didn't want to max it out.

No hard rule that you can't use them for that. I'd recommend not with Amex. Especially if you want it to grow.
Citi thrives on the BTs or paying over time. Are you in with them? Blispay is another six months option.

I haven't been able to get a Citi prequal. I know I can't rely on always have a prequal, but from what I've read they are picky. My credit history is rather limited, less than a year.

Re: Blue Cash Preferred

Gmood1 — Tue, 11 Jul 2017 23:57:32 GMT

@Anonymous wrote:

@Gmood1 wrote:
@Anonymous wrote:
Ouch. One of the reasons I want the BCP is their 12 month 0% APR promo because I was going to make a roughly $2000 purchase on it and pay it off over about 6 months to lessen the immediate impact of it on my current finances. I have a stready income, I just prefer to pay things off incrementally if I can. Would that behavior effect my relationship with Amex?

My BoA cash rewards is 0% APR until February but my limit is $2900 so I didn't want to max it out.

No hard rule that you can't use them for that. I'd recommend not with Amex. Especially if you want it to grow.
Citi thrives on the BTs or paying over time. Are you in with them? Blispay is another six months option.
I haven't been able to get a Citi prequal. I know I can't rely on always have a prequal, but from what I've read they are picky. My credit history is rather limited, less than a year.

With your EX score, Blispay would be a $5000 to $7500 limit going off the posts and scores I've seen in the past. You shouldn't have anything to worry about with Citi. Citi does give lower SLs than the other major lenders on average. That also depends on which card you pick. The Citi DC historically has conservative SLs.

Once your in with Citi..you are golden! They'll flood you with offers.

Re: Blue Cash Preferred

Anonymous — Wed, 12 Jul 2017 00:16:03 GMT

That's something I had not considered, getting with Citi. I like the idea of Blispay, too. I was a little turned off by some of the low SLs and no CLI chances, but if I received the limits you suggested I may get, I'd be more than happy.

Re: Blue Cash Preferred

Gmood1 — Wed, 12 Jul 2017 00:27:12 GMT

@Anonymous wrote:
That's something I had not considered, getting with Citi. I like the idea of Blispay, too. I was a little turned off by some of the low SLs and no CLI chances, but if I received the limits you suggested I may get, I'd be more than happy.

Blispay limits are depended more on score than anything else. I received a $7500 limit with a 760ish score. I've seen many others get the same limit within that score range...yours included. Folks in the 800 range normally hit that $10 to $12K. I've seen one member denied in the 800s..didn't understand that at all.

Re: Blue Cash Preferred

Gregory1776 — Wed, 12 Jul 2017 01:18:11 GMT

@Gregory1776 wrote:

With your scores, youll probably get approved for near anything amex can give you. their CLI's are a easy. youll definatly want to pay in full every month. you shouldnt want to be carrying a balance, intrest is no fun.

I'd never carry a balance on an account with an active APR. I was going to use the 0% APR 12 month period to my advantage.

ah, well, if i were to carry a balance during the 0% period, i would after day 61 and tripling CL

Re: Blue Cash Preferred

Anonymous — Wed, 12 Jul 2017 03:23:45 GMT

@Anonymous wrote:
Hi everyone,

So I'm pre-qualified for the Amex Gold, Amex Green and EDP. The EDP is at the lowest possible APR range that Amex offers, cool right? I'm pretty happy about it anyway. But I'm not really interested in the above 3 cards. I want a cashback and I don't really want a charge card right now. What I really want is the BCP. I went incognito on Chrome and was able to get the $250 offer to pop.

So here's my question before I apply: Since I am pre-qualified for the EDP, are my chances of getting a solid SL and low APR on a "cold app" BCP good? I don't want to get stuck with a high APR $500 limit card.

I'm also mulling over taking my CFU prequal but I may wait on that to make my 0% APR coverage more spread out, and get more history for a stronger card with Chase. I may opt for the NFCU Cashrewards instead. I'm kind of wracking up a lot of 1.5% cards at this point...but my Quicksilver is nigh useless with my $500 limit.

My daughter applied for Delta on July 4th. Fresh out of college, only 500 Cap1 card last two years with school loans. Her Ex was 71x, with 2.4 yrs AAoA. Instant approval for 10000.

I received invitations from AmEx but only with 150 bonus. I used internet explorer, chrom incognito did not work for me, and applied for 250 bonus for BCP. Denied and had to recon to get 10000. That means BCP underwirting creteria might be different?? or they use other requiremnts for larger offers?? My Ex Fico 8 was 734, but only 6months AAoA