topic Re: AMEX Pre-Approval Please Help!! New to this! in Credit Card Applications

AMEX Pre-Approval Please Help!! New to this!

Anonymous — Fri, 05 Oct 2018 04:08:08 GMT

Hello all! it is my understanding that AMEX pull from Experian. I was pre-approved for 3 AMEX Cards Every Day, Cash Magnet and Green Card. Both the Every Day and Cash Magnet Card has a 0% interest for 15 months with 18.99% interest rate after. My fico 8 Experian is 724. I do not have any credit cards, I have a line of credit with a utilization of 5% a car loan in good standing, 2 inquires no collections or negatives.

Would anyone be able to tell me the best Card, as I currently do not have a preference besides a high SL lol. Also do you guys think the pre-qualifcation is pretty solid given my situation?

Any advice would help! Thank you in advance.

Re: AMEX Pre-Approval Please Help!! New to this!

Caught750 — Fri, 05 Oct 2018 06:26:05 GMT

What would you like to get out of the card? Cashback? Travel? Perks? What's your spend like?

Re: AMEX Pre-Approval Please Help!! New to this!

Cred4All — Fri, 05 Oct 2018 12:33:47 GMT

As Chasing750 said, it depends what you're looking to do with your cards. I will say however right off the bat, the Green Card of the 3 would be last on the list, I feel if you were going for a charge card the Gold's new SUB and perks (Provided you're ok w/ an Annual Fee) would be better to pursue if you went that route. Everyday Card and Cash Magnet are both good cards it just depends on your personal preference.

Re: AMEX Pre-Approval Please Help!! New to this!

Anonymous — Fri, 05 Oct 2018 12:49:38 GMT

I believe I’m looking for perks with traveling, renting cars etc. As I stated, I am new to this. Not that I never had a credit card before, but I’ve never had enough credit to apply fore cards such as these. I think I’m more concerned of my approval odds with a 724. Thanks for responding.

Re: AMEX Pre-Approval Please Help!! New to this!

Anonymous — Fri, 05 Oct 2018 12:52:37 GMT

Don’t spend much. More so looking to build and concerned if based on my credit situation of having a 724 there’s a good chance of me getting approved. I am not too concerned about the perks right now, I want keep building my credit, with a great Credit mix and eventually be able to buy a home.

Re: AMEX Pre-Approval Please Help!! New to this!

Caught750 — Fri, 05 Oct 2018 14:13:41 GMT

Lovely, you can most definitely get approved with that score. I was in the mid 600s when they let me in n. The gold card is an amazing choice for everyday and travel uses. The charge cards pretty much all have the same underwriting. Once you meet the SUB on that there are some other cards that could pair with it.

Re: AMEX Pre-Approval Please Help!! New to this!

Anonymous — Fri, 05 Oct 2018 18:30:43 GMT

If you are looking just to build credit and establish a releationship with Amex - I think the Green Card is out - it is a charge card and I think has an AF. The BCE card is a better choice IF you were going to use it ALOT and wanted to redeem the points for airline tickets.

The Cash Magnet is what I think suits you best. It is a simple 1.5% cash back and no AF. I think that will serve you best based on your posts.

Re: AMEX Pre-Approval Please Help!! New to this!

Caught750 — Fri, 05 Oct 2018 18:44:34 GMT

BCE is cash back, it isn't points

Re: AMEX Pre-Approval Please Help!! New to this!

sdsoccerdad — Sat, 06 Oct 2018 01:31:27 GMT

I would only go with the cards that fit your spending habits and like everyone else mentioned, look at your ultimate goal with the cards. I like to travel so most of my cards are travel reward cards.

Re: AMEX Pre-Approval Please Help!! New to this!

Anonymous — Sat, 06 Oct 2018 02:21:36 GMT

The Blue Cash Everyday is your best choice. Make sure you when you apply you are applying for the $200 sign up bonus.

Re: AMEX Pre-Approval Please Help!! New to this!

Anonymous — Sat, 06 Oct 2018 11:59:32 GMT

Awesome! Thank you so much!

Re: AMEX Pre-Approval Please Help!! New to this!

Anonymous — Sat, 06 Oct 2018 12:05:06 GMT

I am sorry if I sound silly, I am just not educated in the world of credit! I get even more confused when it comes to Amex. So does this mean the Cash Magnet comes with a credit line? Does Amex give increases often? Thank you for replying.

Re: AMEX Pre-Approval Please Help!! New to this!

Anonymous — Sat, 06 Oct 2018 12:07:10 GMT

Ok thank you!