topic Re: Random AMEX question in Credit Card Applications

Random AMEX question

Anonymous — Sun, 31 Dec 2017 20:32:01 GMT

I was speaking with a couple people at work during lunch about liking AMEX and wanting in the futuer to earn a card with them but not being able to at the moment. Plus I am going to be doing a HELOC within the next 6 months. One of them told me this strategy they supposidly used and it worked for them. I think its personally a bunch of BS but thought I'd ask the gurus on MF.

Join AMEX savings account online , make an initial deposit.

Wait somewhere between 30-60 days for the savings account to have matured a little.

Then Apply while logged in for a Charge or Credit card. When you apply it should count you as a member now and SP vs HP.

Whats everyones thoughts on this?

Re: Random AMEX question

Anonymous — Sun, 31 Dec 2017 20:42:56 GMT

I have several cards with amex. Did not know they have a banking side. Have the blue cash and blue airline and optima from 1980 something (not the recent one I think it is called oasis or another version of the optima that people on the forum talks about amex gives out to people trying to rebuild credit).

I would say start small. Just apply for any non annual fee card and even if the limit is small just use it and pay it clean at the end of every month. Maybe do that for one year before asking for increase of limit .vi have never asked for credit increase ever in my life so I am not sure what are advantages and disadvantages of doing so. I am sure other people on the forum can give information about that. So maybe after one year all for another card with amex. Not sure about the garden thing. I know it is a term people on the forum use and it means not applying for too many credit cards in short amount of time. I imagine waiting is good. Last card I got is Costco citibank card back in May 2016 when Costco went over to citibank from amex.

Re: Random AMEX question

Anonymous — Sun, 31 Dec 2017 21:00:47 GMT

My thought is for a savings it might be an intial SP. But for a lending product they should in theroy be pulling HP. I am calling BS here but I'm still interested in heraing what you guys think.

Re: Random AMEX question

EAJuggalo — Sun, 31 Dec 2017 21:25:37 GMT

Generally for AMEX: Once you are a customer when you apply for another product it is a SP if denied and a HP if approved. Or so I've read, I have not tried for another card since I got my Hilton earlier this year.

Re: Random AMEX question

Anonymous — Sun, 31 Dec 2017 21:48:02 GMT

Found this on their site :

American Express® Personal Savings accounts are not connected to American Express® Card products. The login credentials of the Personal Savings and American Express Card websites are different. The two suites of products do not share any transaction data, personal information, or balances.

To me that makes this sound like a story I was told..

Re: Random AMEX question

Anonymous — Sun, 31 Dec 2017 21:53:30 GMT

I wouldn't mind apping with them though without this story. I am at 52% Utilization though on Ex report. It also happens to be a 698 score at the moment. Dont think its wise at the moment.

Pre_Qualled on thier site.

AOA - 6 years 10 mnths

1 30 day late pay in 2015

Re: Random AMEX question

RicHowe — Sun, 31 Dec 2017 21:59:36 GMT

AMEX pulls Expetian. With your EX 682 you should qualify for PRG Charge card, Delta Gold Card and SPG. Assuming no excessive inqs or recent baddies you need not worry about joining the club after your HELOC and assuming your scores don't drop significantly.

Re: Random AMEX question

Anonymous — Sun, 31 Dec 2017 22:05:40 GMT

Only 4 inq across all 3 reports in the past 24 months. Last one was BOfA on 12/11/17 for CLI increases. And as of this morning my car is on its way out so that means in the next 6 months I will need to get a car loan + that HELOC lol. YAY Life!

Re: Random AMEX question

RicHowe — Sun, 31 Dec 2017 22:05:01 GMT

Your good.

Re: Random AMEX question

Anonymous — Sun, 31 Dec 2017 22:15:32 GMT

@RicHowe wrote:
Your good.

Thanks. Which of those 3 cards would you recommend? Because my pre-qaul is only for the Gold , Blue and Everyday Cash card. I didn't get an option for SPG or Delta. If I do end up applying I'd do 1 Charge and 1 CC at the same time.

Re: Random AMEX question

Anonymous — Mon, 01 Jan 2018 16:33:36 GMT

I dont see these other cards coming up in the pre-qual site for me so makes me wonder if my approval chances are even less with them..

Re: Random AMEX question

Anonymous — Mon, 01 Jan 2018 21:27:08 GMT

Does anyone know how long these pre-qual offers from Amex site are valid for I couldn't find it. 30 days maybe?

Re: Random AMEX question

Shadowfactor — Mon, 01 Jan 2018 22:49:27 GMT

Prequalified offers can come and go as often as a day, but more realistically they change depending on how often that creditor updates the site.

If your pre approved for the Blue cash, ED and PRG. You should be able to get just about any card with them.

The blue cash and ED cards are probably the strictest underwriting criteria and if you can get the PRG. You should be able to get any charge card.

So with being pre-approved for those cards. You should in theory be able to get any card with them. I got a Delta Gold with a 610 EX score. Normally the co-branded cards are the easiest to get

Re: Random AMEX question

Anonymous — Mon, 01 Jan 2018 23:46:32 GMT

I will say I've had those 3 prequals pop up since Nov 2017. I like the Charge cards of Amex I just am not 100% sure I'd use it enough to justify the AF of $195. Suprised the Green amex did not come up during the prequal.

Is it possible to skip the Charge option and just do two revolvers same day using the same HP? Say AMEX denies the PRG do they flat out deny or would they counter say with the AMEX Green card?

I am also assuming theres no difference between me cold apping the cards I would really want on their site vs only applying for what came up in the prequal. Approval odd wise i mean.

Re: Random AMEX question

Anonymous — Wed, 03 Jan 2018 05:40:36 GMT

Any idea what ideal Utlization is for AMex Charge and Revolvers? **BUMP**

Re: Random AMEX question

Anonymous — Wed, 03 Jan 2018 14:46:56 GMT

I believe opening a savings account could open a door with Amex to their credit card department. It’s seemed to have worked for me in getting prequalified and subsequently approved for the Blue Cash Everyday card. The savings account isn’t even funded yet. It’s been about a week since I opened the account. The theory has merit. I did have to get a hard pull for the credit app though.

Re: Random AMEX question

Anonymous — Wed, 03 Jan 2018 15:51:34 GMT

Did they pull EX or all 3? I am prequalled already for 3 cards but they aren't the cards I would truly be after. Also 42% utlization on the cards I'm a AU on I think will likely lead to a denial. So though a goal in 2018 is to get in with Amex I think I will need to wait.

Re: Random AMEX question

Anonymous — Wed, 03 Jan 2018 16:10:04 GMT

As far as I know just Experian. Yeah, I wanted the Blue Cash Everyday card, and possibly get other cards later on. My utilization is 15 percent.

Re: Random AMEX question

drboxing — Sun, 07 Jan 2018 02:04:32 GMT

Been reading your posts, wondering if you ever applied for the AMEX Gold?

Re: Random AMEX question

Anonymous — Sun, 07 Jan 2018 02:36:59 GMT

I have been patient but no app yet. Never had been this patient before lol. The thought did occur to me to apply tonight but my only fear or concern is the utilization.

I did recently apply for a savings through Amex but haven’t heard back they said it would be 7-10 days. So I could wait until Monday when I call Amex about the savings to see if that truly helps in this process at all or I could not wait and app now.

Decisions ...haha