topic Re: Amex Gold Pre-qualify in Credit Card Applications

Amex Gold Pre-qualify

Anonymous — Sat, 19 Oct 2019 18:51:13 GMT

Hey guys, currently I only have a discover card with a low cl, and I really want to get an AMEX card. So I applied for Amex Gold last month at 9.21.2019, and I was denied due to high credit utilization rate. Amex asked me to wait 30 days. Now, I paid off all the balance and checked the pre-qualify page, I found that I got Amex gold pre-qualified with 35000 sign up bonus.

I also checked the application page without using the prequalify tool, and I see the 50000 sign up bonus page. So can I use the public page to apply instead of using the prequalify page in order to get the 50000 sign up bonus? Will I get denied again? I'm going to have a trip in next month, so I really want to have my first Amex charge card now.

My current experian score is about 742.

My balance is 0.

Only one card of discover: 1500cl

Question: Is Amex pre-qualify solid enough? Should I apply using the pre-qualify page (35000 bonus) or a pulic page (50000 bonus)?

Re: Amex Gold Pre-qualify

Anonymous — Sat, 19 Oct 2019 19:06:43 GMT

I'm pretty new to the credit card area.

Re: Amex Gold Pre-qualify

Brian_Earl_Spilner — Sat, 19 Oct 2019 19:09:24 GMT

The prequalify is almost 100%. If you want the bigger sub, open an incognito or private browser window and apply through there. If you're an existing member it should be a SP and you'll get the bigger bonus.

Re: Amex Gold Pre-qualify

Anonymous — Sat, 19 Oct 2019 19:09:24 GMT

go for the 50K if you're going to do it since you can only claim it 1 time ever.

they said wait 30 days because the system will auto deny you if you do it again sooner.

does your spend line up with Gold for long term use or are you just after the MR's?

$250 AF cuts that bonus in 1/2 unless your'e planning on redeeming for travel then it's only 1/3 of the bonus points.

Re: Amex Gold Pre-qualify

GApeachy — Sat, 19 Oct 2019 19:13:42 GMT

Does it matter or not if the apr is one or a range? What was the apr OP?

Re: Amex Gold Pre-qualify

Anonymous — Sat, 19 Oct 2019 19:14:42 GMT

I plan to hold the Amex gold for more than 1 years. Currently I spend at 1500 in Wegmans each month and about 1500 in dinning. I really want to have the gold card because I'm pretty sure I can use it to get some awards. The problem that bothered me is whether should I apply through the pre-qualify page or public page. I believe that 15000 MR difference is huge, but I really don't want a denial again for this time. So, if there is a bigger chance of getting approved through pre-qualify page, I would definitely use that to apply.

Re: Amex Gold Pre-qualify

Anonymous — Sat, 19 Oct 2019 19:19:12 GMT

APR doesnt really bother me. I would pay in full each month. Amex pre-qualify tool doesn't give me a specific APR, only a range.

Re: Amex Gold Pre-qualify

Anonymous — Sat, 19 Oct 2019 19:20:14 GMT

Thank you. So I can apply using 50000 bonus instead of applying through pre-qualify page, right? Will there be any difference?

@Brian_Earl_Spilner wrote:
The prequalify is almost 100%. If you want the bigger sub, open an incognito or private browser window and apply through there. If you're an existing member it should be a SP and you'll get the bigger bonus.

Re: Amex Gold Pre-qualify

Anonymous — Sat, 19 Oct 2019 19:21:21 GMT

@Anonymous wrote:
go for the 50K if you're going to do it since you can only claim it 1 time ever.

they said wait 30 days because the system will auto deny you if you do it again sooner.

does your spend line up with Gold for long term use or are you just after the MR's?

$250 AF cuts that bonus in 1/2 unless your'e planning on redeeming for travel then it's only 1/3 of the bonus points.

Re: Amex Gold Pre-qualify

Anonymous — Sat, 19 Oct 2019 19:22:36 GMT

APR doesnt really bother me. I would pay in full each month. Amex pre-qualify tool doesn't give me a specific APR, only a range.

@GApeachy wrote:
Does it matter or not if the apr is one or a range? What was the apr OP?

Re: Amex Gold Pre-qualify

GApeachy — Sat, 19 Oct 2019 19:25:33 GMT

@Anonymous wrote:
APR doesnt really bother me. I would pay in full each month. Amex pre-qualify tool doesn't give me a specific APR, only a range.
@GApeachy wrote:
Does it matter or not if the apr is one or a range? What was the apr OP?

That's my point. I was told that a range doesn't mean diddle, needs to be a solid apr....I know when I had a range I was denied. Just wandering about ranges for charge cards though.

Re: Amex Gold Pre-qualify

randomguy1 — Sat, 19 Oct 2019 19:33:08 GMT

Apply with the bonus.

However, when you say your balance is zero, did it report zero on your credit report? With only one credit card and the reason of previous denial, this is critical IMO. Pull your 3 score report on creditchecktotal.com for $1 then cancel within 7 days.

Re: Amex Gold Pre-qualify

Anonymous — Sat, 19 Oct 2019 20:03:38 GMT

Yes, it reported as 0 balance now. I registered experian and checked my score and credit report. Last time when I applied, my score was 659. There were two main reasons I was denied: High credit utilization, high balance. So, based on my situation, should I keep applying using pre qualify page or not?

Re: Amex Gold Pre-qualify

Anonymous — Sat, 19 Oct 2019 20:03:52 GMT

@randomguy1 wrote:
Apply with the bonus.

However, when you say your balance is zero, did it report zero on your credit report? With only one credit card and the reason of previous denial, this is critical IMO. Pull your 3 score report on creditchecktotal.com for $1 then cancel within 7 days.

Re: Amex Gold Pre-qualify

Anonymous — Sat, 19 Oct 2019 20:07:49 GMT

@GApeachy wrote:
@Anonymous wrote:
APR doesnt really bother me. I would pay in full each month. Amex pre-qualify tool doesn't give me a specific APR, only a range.
@GApeachy wrote:
Does it matter or not if the apr is one or a range? What was the apr OP?

That's my point. I was told that a range doesn't mean diddle, needs to be a solid apr....I know when I had a range I was denied. Just wandering about ranges for charge cards though.

The Gold is a Charge Card, so it won't come with APR anything. Unless you're granted the Pay Over Time feature, you must pay your entire balance in full at statement cut. All that said, the Gold has a 250 AF, so you need you figure that in before you make a leap. Are there features on this card that will offset the AF? If not, this is not the card for you. Also, you can try apping for a no-fee revolver and if you get approved for that, then you can immediately app for the Gold, only garnering one HP for both cards. Again that 250 AF is a big pill to swallow. MR points or not.

Re: Amex Gold Pre-qualify

Anonymous — Sat, 19 Oct 2019 20:26:58 GMT

Currently I got prequalified for Amex Gold, Gold Delta and Delta Reserve. I think I'm pretty sure Amex Gold is suitable for me now though I really want Amex Plat at first. Since I'm pretty new to credit card, I don't think I will get approved for plat If I applied it first. The only problem bothered me is whether should I apply using 35000 page or 50000 page. I'm a little bit afraid that if I don't apply using pre-qualify page, I will get declined. I don'r really want to get a denial twice for one card. BTW, my current Fico 8 score is 742

@Anonymous wrote:
@GApeachy wrote:
@Anonymous wrote:
APR doesnt really bother me. I would pay in full each month. Amex pre-qualify tool doesn't give me a specific APR, only a range.
@GApeachy wrote:
Does it matter or not if the apr is one or a range? What was the apr OP?

That's my point. I was told that a range doesn't mean diddle, needs to be a solid apr....I know when I had a range I was denied. Just wandering about ranges for charge cards though.
The Gold is a Charge Card, so it won't come with APR anything. Unless you're granted the Pay Over Time feature, you must pay your entire balance in full at statement cut. All that said, the Gold has a 250 AF, so you need you figure that in before you make a leap. Are there features on this card that will offset the AF? If not, this is not the card for you. Also, you can try apping for a no-fee revolver and if you get approved for that, then you can immediately app for the Gold, only garnering one HP for both cards. Again that 250 AF is a big pill to swallow. MR points or not.

Re: Amex Gold Pre-qualify

GApeachy — Sat, 19 Oct 2019 20:32:47 GMT

@Anonymous wrote:
go for the 50K if you're going to do it since you can only claim it 1 time ever. OP is wondering if chances are less doing it this way versus the "pre-qual"...what's your take?

Re: Amex Gold Pre-qualify

Anonymous — Sat, 19 Oct 2019 20:39:24 GMT

@GApeachy wrote:
@Anonymous wrote:
go for the 50K if you're going to do it since you can only claim it 1 time ever. OP is wondering if chances are less doing it this way versus the "pre-qual"...what's your take?

Either avenue could be either decision. If you're going to spend 2K to hit the bonus it should be worth more if you can only do it once in a lifetime. Generally if you're pre-qualed for several of either types of accounts then you're golden for any of their cards.

Re: Amex Gold Pre-qualify

Anonymous — Sat, 19 Oct 2019 21:16:50 GMT

@Anonymous wrote:
Currently I got prequalified for Amex Gold, Gold Delta and Delta Reserve. I think I'm pretty sure Amex Gold is suitable for me now though I really want Amex Plat at first. Since I'm pretty new to credit card, I don't think I will get approved for plat If I applied it first. The only problem bothered me is whether should I apply using 35000 page or 50000 page. I'm a little bit afraid that if I don't apply using pre-qualify page, I will get declined. I don'r really want to get a denial twice for one card. BTW, my current Fico 8 score is 742
@Anonymous wrote:
@GApeachy wrote:
@Anonymous wrote:
APR doesnt really bother me. I would pay in full each month. Amex pre-qualify tool doesn't give me a specific APR, only a range.
@GApeachy wrote:
Does it matter or not if the apr is one or a range? What was the apr OP?

That's my point. I was told that a range doesn't mean diddle, needs to be a solid apr....I know when I had a range I was denied. Just wandering about ranges for charge cards though.
The Gold is a Charge Card, so it won't come with APR anything. Unless you're granted the Pay Over Time feature, you must pay your entire balance in full at statement cut. All that said, the Gold has a 250 AF, so you need you figure that in before you make a leap. Are there features on this card that will offset the AF? If not, this is not the card for you. Also, you can try apping for a no-fee revolver and if you get approved for that, then you can immediately app for the Gold, only garnering one HP for both cards. Again that 250 AF is a big pill to swallow. MR points or not.

.

There are others on here talking about the differences in sign-up bonuses. First, it doesn't matter whet the pre-qual site says, you can get pre-qual and still be denied upon submittal of your application. So, there's that. Before, I think, jumping into the water with a charge card, you should start with a revolver.

In my case, I started with the EveryDay card, then a couple months later, they offered the Platinum to me and upon accepting the offer, they actually gave it to me! I was shocked that they would give me, "Mr. Thin File" an actual Platinum Card!! I hear of people getting a revolver all the time and later reporting that AMEX is hawking their Platinum to them. That's a $550 AF, when I had it, it was 450. I cancelled right before the new AF hit, because I had all I needed with what would become the Gold, the Premier Rewards Gold, and didn't need the Platinum anymore.

Recap: If you're going to app for the Platinum first, regardless, go for the 50k MR bonus offer, generally found using the incognito page. Again, pre-qual means nothing, especially with AMEX.

Lastly, a 742 score means nothing with a 1 yr old card and nothing else. Not trying to be rude, just up front.

Re: Amex Gold Pre-qualify

Anonymous — Sat, 19 Oct 2019 21:20:55 GMT

ummm the plat is actually much easier to get approved for than the gold! and if you prequalified for one chargecard, it means you prequalified for all the chargecards. just get whichever one you want.