topic Re: Amex pre qualify please help. in Credit Card Applications

Amex pre qualify please help.

Moni209 — Tue, 05 May 2020 21:31:18 GMT

I have been on a journey of improving my credit scores, my last medical collection fell off this week and my scores jumped to 673. I went to AMeX pre qualify and was surprised that it gave me pre approvals for DELTA AMEX, DELTA GOLD and the Hilton Honors card. Can anyone advise if I should take the HP hit or should I wait until My score goes up even more.

Re: Amex pre qualify please help.

M_Smart007 — Tue, 05 May 2020 21:39:49 GMT

@Moni209 wrote:
I have been on a journey of improving my credit scores, my last medical collection fell off this week and my scores jumped to 673. I went to AMeX pre qualify and was surprised that it gave me pre approvals for DELTA AMEX, DELTA GOLD and the Hilton Honors card. Can anyone advise if I should take the HP hit or should I wait until My score goes up even more.

@Moni209, is the pre qualify a solid APR one number or a range of like 15.99-26.99% ?

Fixed APR Pre-Qual's are usually pretty solid, also if you pre-qual for "DELTA AMEX, DELTA GOLD and the Hilton Honors card"

If solid APR, You could cold app for Blue Cash Everyday, Cash Magnet, Blue Cash Preferred, Amex Everyday.

Re: Amex pre qualify please help.

GoldenloveNY — Tue, 05 May 2020 21:48:42 GMT

You have an almost solid approval if you see a solid APR. On the other hand, I was prequalify for those same cards without a solid APR and still got approved for the Delta Gold, so YMMV. If your report has no baddies, your utilization is low (overall and with each card), then I say go for it. It's not 100% guarantee, but your chances are high.

Re: Amex pre qualify please help.

Moni209 — Tue, 05 May 2020 21:52:42 GMT

@M_Smart007 I don't see any APR just whem I click on offer and benefit terms Insee apr range. Any thoughts.

Re: Amex pre qualify please help.

Moni209 — Tue, 05 May 2020 21:53:42 GMT

Where should I be seeing the solid APR number?

Re: Amex pre qualify please help.

GoldenloveNY — Tue, 05 May 2020 21:55:52 GMT

Click the "Rates and Fees". There you can see if your APR is in a range or you have a solid APR.

Re: Amex pre qualify please help.

Moni209 — Tue, 05 May 2020 22:02:44 GMT

@GoldenloveNY is this where it should be? I see a range is that correct.? Should I just wait.? My only baddies are lates from 2 years ago.

Re: Amex pre qualify please help.

M_Smart007 — Tue, 05 May 2020 22:13:49 GMT

@Moni209, It is a range, I would wait. It would probably end up a "denial".

Hope this helps.

Re: Amex pre qualify please help.

GoldenloveNY — Tue, 05 May 2020 22:32:51 GMT

You could wait until your score is near 700 and have a solid APR offer. A soild APR is almost always a win. But like I said, you could get approved even within a range (like I did), especially if your credit report is "clean now" (and you don't have a lot of inquiries and high ultization). How risk tolerated are you for getting another HP that may result in a denial? Only you can decide that. Best of luck though!

Re: Amex pre qualify please help.

Anonymous — Wed, 06 May 2020 05:33:40 GMT

I think you do have a shot at the cards they are prequalifying you for since they are co branded cards.

Generally the cobranded cards are more lenient for approvals followed by the charge cards followed by the core cards.

As for as APR range, AMEX doesn't offer solid APR for non members with prequalified offers. At least 99% of the cases I've seen this has been true.

It's up to you if you want to apply or not. You could always wait a little bit since you just saw the offers yesterday. If they are there today, they will be there in a few weeks so long as nothing has changed in your profile.

Re: Amex pre qualify please help.

Brian_Earl_Spilner — Wed, 06 May 2020 05:49:45 GMT

The co-branded cards like Delta and Hilton usually require at least a 641 EX8. Charge cards are around 645. I've never been pre-qualified for any of mine and got approved at 625 and 641 respectively, but I have no idea how your reports compare to mine. Getting above a 680 will reduce the chances you get stuck with a low starting or charge limit and you should prequalify for their core revolvers.

Re: Amex pre qualify please help.

Moni209 — Wed, 06 May 2020 07:25:17 GMT

Thank you all Iam so disappointed, I should've waited abit longer amd not applied 😩 . I lost 7 points and now experian is showing a fair score unlike the others showing Good! Ughh Im so mad! Should've known better! Ive been working really hard to get my scores into Good standing and this happens!!

Re: Amex pre qualify please help.

KJT — Fri, 08 May 2020 10:58:34 GMT

Did you recon the decision? That works sometimes.

Re: Amex pre qualify please help.

Anonymous — Mon, 11 May 2020 23:03:42 GMT

You may want to consider taking 30-minutes to recon the AmEx denial; however, be sure to have the CSR that you're trying and hoping to avoid a second HP merely by having called the recon line: (800) 567-1083

You'll want to prepare yourself to be as nice as you can be during your recon call. I was completely surprised that AmEx approved me for the Gold card with the same scores you have, but I also waited for five-years and one-month post-BK before I applied. Waiting was the hardest part of all of this for me. Frankly, I wouldn't blame myself if I were you as you did what I would have done. If the recon doesn't work, then consider waiting 61-months from your BK discharge, and continue checking the pre-approved page. Best of luck!! We're all hoping to see you get approved

Re: Amex pre qualify please help.

Anonymous — Fri, 22 May 2020 04:09:20 GMT

I see ur EX is 666 and ur EQ is too. That's normally what scores they pull.That's probably why u got denied.I hear 670-675 is the sweet spot and is considered GOOD in fico 8. U get ur denial reason? It could also all depend on ur overall utilization. U didn't give too much data pts.

Re: Amex pre qualify please help.

Oops_I_Did_It_Again — Sun, 24 May 2020 04:24:44 GMT

Amex computer was probably having a bad day, possibly mild coronavirus infection.

Not your fault. Don't let 'em get you down.

Good luck if you recon.