topic Re: Amex in Credit Card Applications

Amex

aesl1982 — Fri, 20 Sep 2019 12:48:00 GMT

My wife tried the pre qual Amex today. It says can’t preapprove for any cards, but we recommend these. Then it says special off for you, and has subs listed for a charge card, delta miles, and should she app or wait

Re: Amex

randomguy1 — Fri, 20 Sep 2019 13:03:57 GMT

People get approved without being prequalified but it’s hard to get any idea with any of her data points.

Re: Amex

aesl1982 — Fri, 20 Sep 2019 13:47:56 GMT

Dps
Exp 712
Util 12 percent
10 inq
Time since neg 2 years 5 months
Average age 4 years 6 months
Oldest 12 years 5 months
Newest account 1 month
No collections
4 revolvers currently
Cap one 13/500
Cap one 14/500
Total visa 298/300 (actually 10 not reported yet)
Merrick back 540/550 (actually 5 not reported yet
Care credit 0/3500

Re: Amex

GApeachy — Fri, 20 Sep 2019 14:31:33 GMT

I was declined with less inquiries, score a little higher, card limits a little higher. Maybe if she could get those limits up, no more inquires for awhile she'll see some pre-quals. It certainly doesn't hurt but helps to wait. Good luck to you both.

Edit to add: Don't go by my Exp score now, it's taken a beating over the past few months. But I believe my score was around 730 when I was declined.

Re: Amex

Anonymous — Fri, 20 Sep 2019 14:30:51 GMT

I would suggest waiting for those accounts to update on her reports and try the prequal again. Amex won’t like seeing 2 accounts maxed out.

The inquires can be YMMV type situation.
10 isn’t low by any means, but waiting till some pass the one year would result in better odd / terms.

At the same time I’ve been approved for an Amex with 10 inquires and a lower score, but I was pre approved also.

Re: Amex

aesl1982 — Fri, 20 Sep 2019 15:02:16 GMT

That’s what she will do then, wait till reports things catch up and check again. Thanks for the advice!

Re: Amex

aesl1982 — Fri, 20 Sep 2019 21:13:13 GMT

She was preapproval for a discover it cash back card. But only for $500. Should she just deny it and wait a few months? $500 kind of worthless really and I have one with $5000 already

Re: Amex

randomguy1 — Fri, 20 Sep 2019 21:18:15 GMT

Waiting sounds prudent. When do they drop off and how are they distributed across the agencies?

Re: Amex

aesl1982 — Fri, 20 Sep 2019 21:30:44 GMT

Exp- has the fewest with 9 Start dropping off in January

Eq-12 start dropping in jan

Tu 13 start dropping in jan

Won’t be needing anything anytime soon so not a real big deal. Just trying to decide if she should take this $500 just to get in with discover or wait a couple months and then hit them up again.

Re: Amex

randomguy1 — Fri, 20 Sep 2019 21:31:18 GMT

Ah, was wondering if you had maybe much less in one.

Re: Amex

CreditInspired — Fri, 20 Sep 2019 22:02:57 GMT

It’s just marketing.