topic Re: Amex preapproval in Credit Card Applications

Amex preapproval

JeffMO — Sat, 07 Mar 2020 18:00:55 GMT

So I'm wondering from reading others posts that amex has different tiers, I'm assuming this is the lowest tier of their cards? Thank you

Re: Amex preapproval

Anonymous — Sat, 07 Mar 2020 18:11:15 GMT

Congratulations on your offer! If you go incognito mode you may receive a better one. For instance, I had an offer of 50k points for 2k spend for the same card. Anyway, to answer your question.

Low tier: Cobranded cards (Hilton, Delta, etc)

Middle tier: Charge cards (Green, Gold, etc)

Upper tier: Core Revolvers (BCE, Cash Magnet, etc)

Re: Amex preapproval

JeffMO — Sat, 07 Mar 2020 18:16:19 GMT

Hmm, so maybe I'm not so bad off as I once thought, that brightens my day, thank you angelwingz

Re: Amex preapproval

Anonymous — Sat, 07 Mar 2020 18:18:45 GMT

Just curious, did you see a solid apr in the rates and fees section of your offer?

Re: Amex preapproval

JeffMO — Sat, 07 Mar 2020 18:24:07 GMT

@Anonymous wrote:
Just curious, did you see a solid apr in the rates and fees section of your offer?

No unfortunately is was a variable, I did see that and figured it wasnt as solid as I would have liked

Re: Amex preapproval

Anonymous — Sat, 07 Mar 2020 18:29:41 GMT

That doesn't necessarily mean you won't be approved. Amex uses EX 8, so it depends what's on your report.

Re: Amex preapproval

JeffMO — Sat, 07 Mar 2020 18:40:14 GMT

@Anonymous wrote:
That doesn't necessarily mean you won't be approved. Amex uses EX 8, so it depends what's on your report.

I have a very good report no baddies, just a shorter history and they always seem to get hung up on that. My AA is 1.5 years and my score is fico8 EXP752/EQ762/TU771. Another thing they dont like is I dont have any installment loans...well boohoo I dont need a new car lol. I think that's smart in my opinion that I don't need to run out and sock myself into a new car loan just to make them happy

Re: Amex preapproval

elixerin — Sat, 07 Mar 2020 19:10:41 GMT

i was approved for the "highest tier card" the revolvers lol with 702 EXP and 15 or so inquiries. Age was 1 year of brand new history.. zero loans. 4k SL, i'd say you're not only approved but for a hefty SL as well.

Best wishes in whatever you decide

P.S. getting a "installment" loan for "better chances" of a CC approval is NOT de wei and myth

Re: Amex preapproval

JeffMO — Sat, 07 Mar 2020 19:10:08 GMT

@elixerin wrote:
i was approved for the "highest tier card" the revolvers lol with 702 EXP and 15 or so inquiries. Age was 1 year of brand new history.. zero loans. 4k SL, i'd say you're not only approved but for a hefty SL as well.
Best wishes in whatever you decide

But just outta curiosity, what makes you say that so confidently?

Re: Amex preapproval

elixerin — Sat, 07 Mar 2020 19:14:51 GMT

my profile... 702 exp and 15 inquiries doesn't exactly scream "reliable" burrower. it actually "looks" to then as if im desperate for credit or whatever, Nope. Still approved, i was at 1% UTI when i applied, u have half a year more history then i did and a 752 EXP score (what they pull)

learning this you would probably be as confident in my statement as i am if not more😂

Re: Amex preapproval

JeffMO — Sat, 07 Mar 2020 19:39:46 GMT

Oh I'm just picking your brain because it seems like there's no rhyme or reason or rhythm to anything these companies do especially considering the things I read on here and others did get approved for things with a lot worse scores and credit than I have. No offense intended of course. I'm just happy to be able to soak up people's opinions as to try and figure out why my situation seems so dreary, thank you for replying by the way

Re: Amex preapproval

elixerin — Sat, 07 Mar 2020 19:50:16 GMT

course, if you're looking for an AMEX i would personally feel pleased to be in a position to do so in your shoes, score is just a number.. credit is a tool. Grab the tools that most benefit you, in the card game a 720 score is similar to a 800 as far as approvals go IMO

what about your sitch is dreary again? sorry seemed to miss that reference

Re: Amex preapproval

JeffMO — Sat, 07 Mar 2020 20:48:16 GMT

@elixerin wrote:
course, if you're looking for an AMEX i would personally feel pleased to be in a position to do so in your shoes, score is just a number.. credit is a tool. Grab the tools that most benefit you, in the card game a 720 score is similar to a 800 as far as approvals go IMO

what about your sitch is dreary again? sorry seemed to miss that reference

Just low credit lines on two starter cards, and discover is stingy as well. Although I don't have anything badd to say about discover I just seem to think I deserve a little bit more of a credit line then $2K. Especially considering my credit. Because it befuddles me. I only have 1 inquiry in last 12 months. No collections, Absolutely nothing bad no bad marks, no late pays ever, hmm let's see....no bk ever, I have 3 cards, capital one (500). Credit one 450 and my discover is at 2100, started out at 1k. I do like the love button though and it is worked a few times. But one would think they would be eager to give me a higher credit line but maybe my reasoning is just messed up I don't know I wish somebody could explain it to me,

Feel free to ask me anything I haven't included because I would love any input

Edit, forgot to include I always PIF, on all 3 accounts

Re: Amex preapproval

seattletravels — Sat, 07 Mar 2020 20:52:12 GMT

Are you looking for a charge card with amex or were you assuming the green card is the way in for someone with a short history?

Re: Amex preapproval

JeffMO — Sat, 07 Mar 2020 21:00:55 GMT

@seattletravels wrote:
Are you looking for a charge card with amex or were you assuming the green card is the way in for someone with a short history?

It's very tempting, I was really just testing the waters and came out surprised. I've been holding out to actually apply for my bank's credit card ( UMB). My fiance got 1 for 16K through them, I'm just playing the waiting game to let things get as good as they can on my report before I take the dive and try my luck.

Edit: I want the next card I get to be my dream card and also my last.

Re: Amex preapproval

addicted_to_credit — Sun, 08 Mar 2020 00:04:33 GMT

I'd say that you're good to go, I'd be very surprised if you didn't get approved, my son got approved for his first Amex last week he an AU on 3-4 of my cards (less than a year old) and has a co signed car loan that started in December. He makes around 20k a year for now and he got a 2k SL. He didn't get a solid apr either he was pre qualified just like you.

Re: Amex preapproval

Anonymous — Sun, 08 Mar 2020 03:21:41 GMT

I have 5 AMEX cards. My first card was the Blue Cash Preferred got April 2019. $1k cl...that's it but I have a BK13 on my credit that drops off Nov 2020. Scores were around 650 when I got that card. Fastfoward Feb 2020 finally got the "Pre Approved" when I checked for offers. 1st card I applied cold turkey didn't know about the Pre Approval site but would check every month after I found out about it. So last month finally got the "Pre Approved" message for EVERY CARD from charge cards to credit cards. Scores were only 680Ex......pulled the trigger on the Green & Gold and the Everyday Blue. Got all three in 1 night. 2 weeks later got the "Pre Approved" thing again (after the 3 cards it went back to "Looking to Expand"). So I pulled the trigger on the Plat card.....scores still 680. ALL SOFT PULLS! BAM! Why did I get all 3 charge cards? Because I'm greedy! lol Don't judge. lol Good luck with your new card

Re: Amex preapproval

JeffMO — Sun, 08 Mar 2020 17:59:11 GMT

@Anonymous wrote:
I have 5 AMEX cards. My first card was the Blue Cash Preferred got April 2019. $1k cl...that's it but I have a BK13 on my credit that drops off Nov 2020. Scores were around 650 when I got that card. Fastfoward Feb 2020 finally got the "Pre Approved" when I checked for offers. 1st card I applied cold turkey didn't know about the Pre Approval site but would check every month after I found out about it. So last month finally got the "Pre Approved" message for EVERY CARD from charge cards to credit cards. Scores were only 680Ex......pulled the trigger on the Green & Gold and the Everyday Blue. Got all three in 1 night. 2 weeks later got the "Pre Approved" thing again (after the 3 cards it went back to "Looking to Expand"). So I pulled the trigger on the Plat card.....scores still 680. ALL SOFT PULLS! BAM! Why did I get all 3 charge cards? Because I'm greedy! lol Don't judge. lol Good luck with your new card

Thanks to both of you for replying, I wish I had the confidence you guys had LOL. One thing's for sure there is a vast amount of knowledge on these boards I'm sure glad I found this place, All of you folks rock!