topic Re: Applying for an AMEX card while a Chase card application is pending.... in Credit Card Applications

Applying for an AMEX card while a Chase card application is pending....

Anonymous — Sat, 24 Mar 2018 21:38:38 GMT

So I just applied for the Amazon Prime Rewards Visa Signature card, and it gave me the 30 day message. I called them, and they told me that they need to verify some information, though I would need to call them on Monday since the verification department doesn't work on weekends. Hopefully that's a good sign!

But I also want to apply for the AMEX Blue Cash Everyday card today, will applying for the AMEX card have any negative effect on the currently pending Chase Amazon card application at all? Or should I just wait until the Chase application is finished processing?

Re: Applying for an AMEX card while a Chase card application is pending....

Meanmchine — Sat, 24 Mar 2018 22:12:21 GMT

Amex almost always pulls EX

See who Chase pulled, If they didnt pull EX, you should be good to go

Re: Applying for an AMEX card while a Chase card application is pending....

Anonymous — Sat, 24 Mar 2018 22:58:05 GMT

+1

Chase gets spooked by seeking multiple lines of credit. You can wait til Tuesday

Re: Applying for an AMEX card while a Chase card application is pending....

Anonymous — Sat, 24 Mar 2018 23:08:31 GMT

AlCo524 is correct, Chase does spook VERY easily to any “credit seeking” behavior. I would also wait until the Chase process is completed before applying for anything else.

Re: Applying for an AMEX card while a Chase card application is pending....

Anonymous — Sat, 24 Mar 2018 23:12:46 GMT

I disagree with everyone lol. You should be good to apply. Chase is very much YMMV, they have already HP'd you and if it is verifications you were most likely approved.

Re: Applying for an AMEX card while a Chase card application is pending....

Anonymous — Sat, 24 Mar 2018 23:19:29 GMT

@Anonymouswrote:
AlCo524 is correct, Chase does spook VERY easily to any “credit seeking” behavior. I would also wait until the Chase process is completed before applying for anything else.

Oh okay. Does that mean that Chase plans to run a hard pull again when I call them for verification on Monday? How would they know that I had applied for an AMEX card after they have already done a hard pull on me for the Chase card application?

wrote:
I disagree with everyone lol. You should be good to apply. Chase is very much YMMV, they have already HP'd you and if it is verifications you were most likely approved.

That's what I was thinking at first, but I just wanted to be sure about it. But will it be a big deal with AMEX if they pull from the same credit bureau that Chase pulled?

Re: Applying for an AMEX card while a Chase card application is pending....

Anonymous — Sun, 25 Mar 2018 00:06:58 GMT

You know, I thought abt it a minute after I posted, but they’ll likely review the inquiry they’ve already made so you may be safe, but who knows how Amex may react to a day-old inq with another lender. IMHO, I’d say still wait until after you call Chas to gonfor the Amex app, but I also have little room to talk since my patience when I have my eye on a new card is horrible.

Re: Applying for an AMEX card while a Chase card application is pending....

Gmood1 — Sun, 25 Mar 2018 00:13:34 GMT

Normally if all Chase needs is verification. You are already approved. They just want to make sure it's you who applied.
Amex doesn't care one bit about your other inquiries IME.
Inqs don't seem to be something they focus on. Amex is VERY competitive and wants every PIF customer they can get! lol

Re: Applying for an AMEX card while a Chase card application is pending....

Anonymous — Sun, 25 Mar 2018 00:27:24 GMT

@Gmood1 @Gmood1 wrote:
Normally if all Chase needs is verification. You are already approved. They just want to make sure it's you who applied.
Amex doesn't care one bit about your other inquiries IME.
Inqs don't seem to be something they focus on. Amex is VERY competitive and wants every PIF customer they can get! lol

Alright then. Now that I thought about it more, I suppose it makes sense that it wouldn't be a problem when I call them on Monday for the verification, since they already pulled my credit when I hit submit. I just wanted to make sure that applying for another card wasn't gonna be an issue for the pending app. Thanks!

Re: Applying for an AMEX card while a Chase card application is pending....

Anonymous — Sun, 25 Mar 2018 00:34:51 GMT

@Anonymouswrote:
AlCo524 is correct, Chase does spook VERY easily to any “credit seeking” behavior. I would also wait until the Chase process is completed before applying for anything else.

If it is OP's first AMEX, it does take two months/statements to even report. I got mine in 2/8/18 and it hasn't reported, unlike Chase that reported very quickly.

OP should be fine to apply. I guess, their AAoA and revolving history matters too.

Re: Applying for an AMEX card while a Chase card application is pending....

Anonymous — Sun, 25 Mar 2018 04:38:11 GMT

I apped for the CSP and Amazon Visa on the same day. 2 days later apped for the penfed Pathfinder, for which I was approved instantly. A few days later I got the approval for the CSP and was denied the Amazon Visa, even after calling recon. They said I had too many requests for credit but it was apparent that they were unaware of the penfed app. My takeaway is it seems after you app and they do the pull, unless something unusual causes otherwise, they shouldn't pull again before they finish processing your app.

Re: Applying for an AMEX card while a Chase card application is pending....

Anonymous — Sun, 25 Mar 2018 05:56:06 GMT

Alright, thanks everyone. Though, I noticed that Chase pulled Experian. There is also the inquiry from the Chase Freedom that is still there, though it's expected to disappear later this year. Plus, I did request a CLI for my School's First FCU credit card in 2016, and that's showing up there as well. Will AMEX care significantly about 3 inquiries? 2 of them are nearly 2 years old.

Re: Applying for an AMEX card while a Chase card application is pending....

Anonymous — Sun, 25 Mar 2018 06:21:35 GMT

OP—In my experience, Amex was less inquiry averse than is Chase and some others. Your inquiries are very low compared to mine when I was approved. As always though, YMMV.

Re: Applying for an AMEX card while a Chase card application is pending....

Anonymous — Sun, 25 Mar 2018 07:12:55 GMT

@Anonymous@Anonymous wrote:
OP—In my experience, Amex was less inquiry averse than is Chase and some others. Your inquiries are very low compared to mine when I was approved. As always though, YMMV.

Oh okay, thanks for the tip. Now all I need to do is make up my mind on whether to apply for BCE or BCP.

Re: Applying for an AMEX card while a Chase card application is pending....

Anonymous — Sun, 25 Mar 2018 07:46:31 GMT

I'd go for the BCP - no AF in year 1 and you can downgrade to the BCE in year 2. That's what I did, and I just took an offer to upgrade the BCE back to a BCP for 1 year with the AF waived again. There upgrade bonus is meh though, spend $2k for $150.

You could get both the BCE and BCP, get both sign up bonuses, then in year 2 downgrade the BCP to a BCE (not sure if you'd have to close the other BCE first or if you can have 2 BCEs this way)...hm actually I wonder if it's possible to just keep upgrading and downgrading both of them so that you more or less always have a BCP and a BCE and aren't paying any annual fees.

Re: Applying for an AMEX card while a Chase card application is pending....

Anonymous — Sun, 25 Mar 2018 08:54:44 GMT

@Anonymous@Anonymous wrote:
I'd go for the BCP - no AF in year 1 and you can downgrade to the BCE in year 2. That's what I did, and I just took an offer to upgrade the BCE back to a BCP for 1 year with the AF waived again. There upgrade bonus is meh though, spend $2k for $150.

You could get both the BCE and BCP, get both sign up bonuses, then in year 2 downgrade the BCP to a BCE (not sure if you'd have to close the other BCE first or if you can have 2 BCEs this way)...hm actually I wonder if it's possible to just keep upgrading and downgrading both of them so that you more or less always have a BCP and a BCE and aren't paying any annual fees.

The first year annual fee is waived? As in, they won't charge the annual fee until let's say, March 2019? I don't see anything saying this on AMEX's website, other than they charge $95 per year. Was it a particular offer that was present at the time you applied? Because I know that CSP clearly says that the first year is waived, then the annual fee is applied after the first year. I don't see the same or similar wording for BCP

edit: for some reason, this reply of mine didn't show up in my browser, so I sent another similar one a bit later, sorry for sending two similar messages.

Re: Applying for an AMEX card while a Chase card application is pending....

Anonymous — Sun, 25 Mar 2018 08:35:04 GMT

@Anonymous@Anonymous wrote:
I'd go for the BCP - no AF in year 1 and you can downgrade to the BCE in year 2. That's what I did, and I just took an offer to upgrade the BCE back to a BCP for 1 year with the AF waived again. There upgrade bonus is meh though, spend $2k for $150.

You could get both the BCE and BCP, get both sign up bonuses, then in year 2 downgrade the BCP to a BCE (not sure if you'd have to close the other BCE first or if you can have 2 BCEs this way)...hm actually I wonder if it's possible to just keep upgrading and downgrading both of them so that you more or less always have a BCP and a BCE and aren't paying any annual fees.

Was that some sort of special offer, the no annual fee in year 1? I don't see any mention of that at American Express' website. I know that Chase explicitly says it with their CSP applications that the annual fee is waived the first year.

Re: Applying for an AMEX card while a Chase card application is pending....

UncleB — Sun, 25 Mar 2018 08:40:41 GMT

@Anonymouswrote:
@Anonymous@Anonymous wrote:
I'd go for the BCP - no AF in year 1 and you can downgrade to the BCE in year 2. That's what I did, and I just took an offer to upgrade the BCE back to a BCP for 1 year with the AF waived again. There upgrade bonus is meh though, spend $2k for $150.

You could get both the BCE and BCP, get both sign up bonuses, then in year 2 downgrade the BCP to a BCE (not sure if you'd have to close the other BCE first or if you can have 2 BCEs this way)...hm actually I wonder if it's possible to just keep upgrading and downgrading both of them so that you more or less always have a BCP and a BCE and aren't paying any annual fees.
Was that some sort of special offer, the no annual fee in year 1? I don't see any mention of that at American Express' website. I know that Chase explicitly says it with their CSP applications that the annual fee is waived the first year.

Unless there's something I've not seen yet (which is always possible) the annual fee for the BCP is not waived the first year, although some people like to think of the sign-up bonus as covering the first AF.

Re: Applying for an AMEX card while a Chase card application is pending....

Anonymous — Sun, 25 Mar 2018 09:00:28 GMT

@UncleBwrote:
@Anonymouswrote:
@Anonymous@Anonymous wrote:
I'd go for the BCP - no AF in year 1 and you can downgrade to the BCE in year 2. That's what I did, and I just took an offer to upgrade the BCE back to a BCP for 1 year with the AF waived again. There upgrade bonus is meh though, spend $2k for $150.

You could get both the BCE and BCP, get both sign up bonuses, then in year 2 downgrade the BCP to a BCE (not sure if you'd have to close the other BCE first or if you can have 2 BCEs this way)...hm actually I wonder if it's possible to just keep upgrading and downgrading both of them so that you more or less always have a BCP and a BCE and aren't paying any annual fees.
Was that some sort of special offer, the no annual fee in year 1? I don't see any mention of that at American Express' website. I know that Chase explicitly says it with their CSP applications that the annual fee is waived the first year.
Unless there's something I've not seen yet (which is always possible) the annual fee for the BCP is not waived the first year, although some people like to think of the sign-up bonus as covering the first AF.

Well, I suppose that does make sense. I can see myself spending $1000 within 3 months to get the $200, which I suppose could be used to waive two years of annual fees. Of course, not just going on a spending spree, rather simply using the AMEX for everything I normally spend money on, especially groceries and gas.

Does the BCP require a better score or credit history than the BCE? Or are they about the same? Because I've received many mail-in offers for BCE and the ED, but never from BCP.

Re: Applying for an AMEX card while a Chase card application is pending....

Anonymous — Sun, 25 Mar 2018 09:50:06 GMT

Hm, apparently the BCP did offer a waived first year annual fee in about August 2017, but I couldn't easily find anything else. Odd, I thought I had no fee a couple years before that...but maybe not...well, the upgrade offer from the BCE to the BCP that I just got a couple weeks ago waived the annual fee, fwiw.