topic Re: CK Approval Odds for AMEX in Credit Card Applications

CK Approval Odds for AMEX

lemon_taiyaki — Wed, 19 Feb 2020 18:23:38 GMT

Hi everyone,

I've been keeping an eye on the pre-approvals from Credit Karma, and in the last week, I have a total of 9 different AMEX cards that have "Very Good Approval Odds". Anyone apply based off CK? It's tempting.

Re: CK Approval Odds for AMEX

gdale6 — Wed, 19 Feb 2020 18:31:52 GMT

I learned early on that a CK pre approval/selected for you means pretty much nothing. They get paid if you app for those offers so they push them out.

Re: CK Approval Odds for AMEX

FinStar — Wed, 19 Feb 2020 18:33:09 GMT

I would disregard any of the CK 'pre-qualified' recommendations. They are definitely not reliable.

Instead, pop on over to the AmEx website and use their pre-qualification portal.

Re: CK Approval Odds for AMEX

FinStar — Wed, 19 Feb 2020 18:34:20 GMT

@gdale6 wrote:
I learned early on that a CK pre approval/selected for you means pretty much nothing. They get paid if you app for those offers so they push them out.

Agree.

They paddle naughty cards for $$$. I learned that from @Remedios 😆

Re: CK Approval Odds for AMEX

Anonymous — Wed, 19 Feb 2020 18:39:00 GMT

@lemon_taiyaki wrote:
... Anyone apply based off CK? It's tempting.

Never. It's not. (with a small amount of practice you can learn to not even see it there )

Re: CK Approval Odds for AMEX

Remedios — Wed, 19 Feb 2020 18:39:39 GMT

@FinStar wrote:
@gdale6 wrote:
I learned early on that a CK pre approval/selected for you means pretty much nothing. They get paid if you app for those offers so they push them out.
Agree.

They paddle naughty cards for $$$. I learned that from @Remedios 😆

I haven't even typed that word since "the incident" 😂

Re: CK Approval Odds for AMEX

Anonymous — Wed, 19 Feb 2020 18:45:03 GMT

Agreed with all of the above. Amex is known to pull Experian for apps. I'd wait til your scores, specifically EXP reaches at least 670, even better if in the 700's. For Amex, why don't you check to see if you're prequalified for one of their cards with Amex's prequal tool.

Re: CK Approval Odds for AMEX

Anonymous — Wed, 19 Feb 2020 19:12:51 GMT

While CK "Pre-approvals" aren't that tempting, as I have most all the ones they like to push. I did once app a card due to their odds.

Amex BCE in 17. Then again at 740 you can almost get in with any Lender, so I didn't have much of a hurtle. They pulled EX with only 2-3 HPs.

EQ was my holdup back then as it showed 3 paid 40 collections from a Doctor.

I do think that they could send false sense of understanding to those rebuilding though.

Re: CK Approval Odds for AMEX

CreditobsessedinFL — Wed, 19 Feb 2020 19:36:24 GMT

+10

Re: CK Approval Odds for AMEX

Anonymous — Wed, 19 Feb 2020 19:40:53 GMT

So, I know you've heard from everyone on here and gotten your answer but I just HAD to chime in. CK is the fakest of news. Your Vantage score (which they show from TU and EQ) could be drastically different from your FICO scores. Since Amex exclusively pulls EX FICO 8 - you need that to see where you really stand with them.

Some of my data points. My Vantage from CK is 780 (TU) and 744 (EQ) respectively. The FICO 8 is actually 730 (TU) and 690 (EQ). That is a decent delta. Given those CK scores, you would think I'd be a shoe in for Amex. Nope. Still stuck with a Delta Gold Amex with a $1,000 SL.

I only use CK to check the credit reports as just another data point. But I would not pay attention to the scores or approval odds. Find out your FICO 8 and go for the sure kill vs risking the hardpull / denial. You pay the price at the end of the day.

Ok, I've said my peace.

Re: CK Approval Odds for AMEX

Anonymous — Wed, 19 Feb 2020 19:57:55 GMT

yeah..dont fall for these sites.

i knew better but i still fell for it this morning.

when checking my fico scores this morning on my experian account, the chase freedom popped up for the first time with a 99% match due to my score going up.

got all excited and common sense flew out the window.

seeing that my fico went up to 747 with no lates, collections, or derogs. and util at 9%, i cold apped.

instant denial.

better off trusting the prequal sites from amex, citi, cap one, discover, or chase.

higher approval rate if anything pops up there.

Re: CK Approval Odds for AMEX

Anonymous — Wed, 19 Feb 2020 20:14:59 GMT

@Anonymous wrote:
@lemon_taiyaki wrote:
... Anyone apply based off CK? It's tempting.
Never. It's not. (with a small amount of practice you can learn to not even see it there )

Haha yeah. I just looked at CK Top Picks For You. Listed Capital One Platinum, Capital One QS1, WF Platinum, Credit One Platinum!

Re: CK Approval Odds for AMEX

Anonymous — Wed, 19 Feb 2020 21:04:09 GMT

What's interesting, for me anyway, is that when logged into EX the CC offers page come up as "unavailable in your State".

Yet when I log out all the top contenders show up! lol

Re: CK Approval Odds for AMEX

Anonymous — Wed, 19 Feb 2020 21:23:55 GMT

i decided to log back on my experian account.

went to check my matches and the chase card that i had 99% match is no longer even listed on there.

i got set up for that denial!! hahaha

@Anonymous wrote:
What's interesting, for me anyway, is that when logged into EX the CC offers page come up as "unavailable in your State".
Yet when I log out all the top contenders show up! lol

Re: CK Approval Odds for AMEX

PicoFico — Wed, 19 Feb 2020 21:30:22 GMT

@Anonymous wrote:
@Anonymous wrote:
@lemon_taiyaki wrote:
... Anyone apply based off CK? It's tempting.
Never. It's not. (with a small amount of practice you can learn to not even see it there )
Haha yeah. I just looked at CK Top Picks For You. Listed Capital One Platinum, Capital One QS1, WF Platinum, Credit One Platinum!

Have you matched your open accounts with which cards they actually are ok CK? That might change the metrics for Top Picks for you if so...

Mine have been matched and offers are Propel, Blue Cash Everyday, Savor etc...

Re: CK Approval Odds for AMEX

Anonymous — Wed, 19 Feb 2020 21:53:05 GMT

@PicoFico wrote:
@Anonymous wrote:
@Anonymous wrote:
@lemon_taiyaki wrote:
... Anyone apply based off CK? It's tempting.
Never. It's not. (with a small amount of practice you can learn to not even see it there )
Haha yeah. I just looked at CK Top Picks For You. Listed Capital One Platinum, Capital One QS1, WF Platinum, Credit One Platinum!
Have you matched your open accounts with which cards they actually are ok CK? That might change the metrics for Top Picks for you if so...

Mine have been matched and offers are Propel, Blue Cash Everyday, Savor etc...

Sadly all my cards are matched on CK. Their recommendation tool is just very bad. Especially for a FAKO score of 770.

Re: CK Approval Odds for AMEX

Anonymous — Wed, 19 Feb 2020 22:59:40 GMT

As @AverageJoesCredit pointed out in a different thread a couple weeks ago, CK monitors EQ and TU, and Amex pulls EX almost exclusively. How the heck would they know you're pre-qualed for Amex?

Re: CK Approval Odds for AMEX

Anonymous — Wed, 19 Feb 2020 23:32:12 GMT

Uneducated guess? Or it could simply be an extrapolation of data based the info you have in your file.

As most people have stated, anyone with a pulse can get a Charge card with them now days. Depending on what's in your file a 640 score will get you almost any card.

Re: CK Approval Odds for AMEX

Anonymous — Thu, 20 Feb 2020 00:41:43 GMT

@Anonymous wrote:
Uneducated guess? Or it could simply be an extrapolation of data based the info you have in your file.

Which just goes to underscore the fact that their "prequalifications" are akin to throwing darts at a wall, with as much chance and less accuracy.

Re: CK Approval Odds for AMEX

Anonymous — Thu, 20 Feb 2020 03:12:29 GMT

I wouldn't trust it. They are just advertising for the credit card companies to get folks to apply.