topic Re: AMEX qualification in Credit Card Applications

AMEX qualification

Anonymous — Thu, 24 Sep 2020 19:09:35 GMT

Any idea how long to wait for an Amex approval with a 30 late on my CR? Would they approve with less than 2 years from last lateness? Experian at 708, TR 712 Eq 690. Util always at 10% or less.

Re: AMEX qualification

OmarGB9 — Thu, 24 Sep 2020 23:00:47 GMT

Hard to say. Has it been at least 1 year since the late? Any other baddies?

Re: AMEX qualification

BmoreBull — Thu, 24 Sep 2020 23:43:58 GMT

Maybe a dumb question, but you've done the prequal right?

Re: AMEX qualification

Anonymous — Tue, 29 Sep 2020 18:32:47 GMT

No other baddies and the latest 30 day is 22 months.

Re: AMEX qualification

Anonymous — Tue, 29 Sep 2020 18:33:17 GMT

Yes and no offers.

Re: AMEX qualification

FlaDude — Wed, 30 Sep 2020 18:03:35 GMT

Is this your first Amex? I got approved for a couple of cards from them with a 30 day late, but it was probably closer to 4-5 years old when I applied. I also had existing Amex cards a couple of which were over 20 years old.

Re: AMEX qualification

Loquat — Thu, 01 Oct 2020 02:13:40 GMT

What Amex card do you have in mind? I don’t know if it still holds true due to current situations but the Delta Gold used to be the “go to” card for those with limited history or a few dings in their report.

Re: AMEX qualification

BmoreBull — Thu, 01 Oct 2020 04:29:51 GMT

This is only my opinion. I personally would not cold app Amex without any sort of pre approval. If you don't even have the co branded cards showing, I would hold off on the app. Again, just my opinion.

Re: AMEX qualification

Brian_Earl_Spilner — Thu, 01 Oct 2020 04:37:46 GMT

They approved me for the Delta gold at a 641 EX with 3 lates (newest one was 21 months), 4 chargeoffs, and 6 collections. I've never had a pre-qualified offer.

Re: AMEX qualification

OmarGB9 — Thu, 01 Oct 2020 05:44:18 GMT

@Brian_Earl_Spilner wrote:
They approved me for the Delta gold at a 641 EX with 3 lates (newest one was 21 months), 4 chargeoffs, and 6 collections. I've never had a pre-qualified offer.

I'm hoping that'll happen for me once I can get my EX up to 640ish. Were those COs/CAs paid or unpaid?

Re: AMEX qualification

Brian_Earl_Spilner — Thu, 01 Oct 2020 07:48:33 GMT

@OmarGB9 wrote:
@Brian_Earl_Spilner wrote:
They approved me for the Delta gold at a 641 EX with 3 lates (newest one was 21 months), 4 chargeoffs, and 6 collections. I've never had a pre-qualified offer.
I'm hoping that'll happen for me once I can get my EX up to 640ish. Were those COs/CAs paid or unpaid?

Unpaid.

Re: AMEX qualification

Anonymous — Fri, 02 Oct 2020 20:42:13 GMT

It is my first.

Re: AMEX qualification

Anonymous — Fri, 02 Oct 2020 20:43:03 GMT

Gold card

Re: AMEX qualification

Anonymous — Fri, 02 Oct 2020 20:43:57 GMT

I agree.

Re: AMEX qualification

Anonymous — Fri, 02 Oct 2020 20:46:34 GMT

That's interesting. Is that considered a foot in the door to the core cards if paid as agreed to?

Re: AMEX qualification

Conceptual23 — Fri, 02 Oct 2020 21:53:26 GMT

Wow! That's for that data, I was supposed to be gardening but now I want to pull the trigger on that Amex.

Re: AMEX qualification

Anonymous — Fri, 02 Oct 2020 22:39:20 GMT

I just got approved for the Amex BCE and my scores were 670 EQ, 680 EX, 656 TU and I had recent 120 lates (5 months ago) on Capitol One so I was shocked that I got approved (cold approval).

SL is $1000 with SUB and 0% APR for 15 months.

I was dumb though after getting that I apped for Chase and Citi and got denied.

They didn't like those lates.

Wish I hadn't taken the HP for those since I also just had inquiries for my new auto loan. But I have several inquiries falling off in October. So hopefully I can get approved with Chase later.

Re: AMEX qualification

OmarGB9 — Sat, 03 Oct 2020 01:17:59 GMT

@Anonymous wrote:
I just got approved for the Amex BCE and my scores were 670 EQ, 680 EX, 656 TU and I had recent 120 lates (5 months ago) on Capitol One so I was shocked that I got approved (cold approval).

SL is $1000 with SUB and 0% APR for 15 months.

I was dumb though after getting that I apped for Chase and Citi and got denied.

They didn't like those lates.

Wish I hadn't taken the HP for those since I also just had inquiries for my new auto loan. But I have several inquiries falling off in October. So hopefully I can get approved with Chase later.

Well Amex pulls EX for their apps, but yes with such fresh lates, you got lucky. That said, the $1k SL means you barely squeaked by, and growing the card via 3X CLI is going to be difficult and probably take a few years.

Re: AMEX qualification

Anonymous — Sat, 03 Oct 2020 01:32:01 GMT

Don't I know it! But I'm still glad I'm in. And this helps my overall UTIL.

@OmarGB9 wrote:
@Anonymous wrote:
I just got approved for the Amex BCE and my scores were 670 EQ, 680 EX, 656 TU and I had recent 120 lates (5 months ago) on Capitol One so I was shocked that I got approved (cold approval).

SL is $1000 with SUB and 0% APR for 15 months.

I was dumb though after getting that I apped for Chase and Citi and got denied.

They didn't like those lates.

Wish I hadn't taken the HP for those since I also just had inquiries for my new auto loan. But I have several inquiries falling off in October. So hopefully I can get approved with Chase later.

Well Amex pulls EX for their apps, but yes with such fresh lates, you got lucky. That said, the $1k SL means you barely squeaked by, and growing the card via 3X CLI is going to be difficult and probably take a few years.

Re: AMEX qualification

NGeorge — Sat, 03 Oct 2020 03:14:41 GMT

AmEx can be tricky -- it took me 4 years to get a pre-qualified offer from them for a BCE even after I had got into 660 range -- and even then it was for $500 with an auto bump to $1000 after 3 months while everyone else had put me up into the $2000-2500 range ($5000 with some Synchrony products). My goal had always been to get a premium AmEx, so I ran ALL my spending through it, paid it off multiple times per month.

18 months later they still wouldn't raise the limit on it, and my score had actually dropped slightly due to a newish large loan (back down into the 640s) -- But a couple months later I got a pop-up that I was qualified for the Platinum card... I was like... sure... right. My "ideal AmEx" that I'd been wanting all along was the SPG Luxury card which became the Bonvoy Brilliant (this was right at the SPG merge--they initially sent me a purple card until I got the metal one), but the pre-qual site offered up the Gold and Platinum... so I figured I'd try for the Bonvoy Brilliant... and sure enough, they gave it to me.... not with awesome terms (24 pct. APR), and a $3400 limit... but I was so thrilled I was finally in.

So fast forward to now, 18 months later, I've got my score up into the 715-720 range regularly. I run 90 pct of my spending through my Bonvoy Brilliant... if they don't take AmEx, the rest goes in my Costco Visa (which was another story)...they bumped me up to a 5k limit... the BCE seems perpetually stuck at 1k, but I never use it... I'm pretty content with my card situation. Even though my AmEx isn't my highest SL, I love the rewards, and the customer service truly is great. I'm not worried about the high APR since I pay the thing off... one of these days once I'm up even a bit higher and consistently I will call and see about getting it down.

So yeah... as previously mentioned... Gold or BCE. Just remember the Gold is a charge card. My ultimate goal was a credit card (the Bonvoy Brilliant) so I was more than happy with the BCE. If your ultimate goal is a Platinum, and they offer you a Gold or even Green, take that and prove to them that you want to use them and that you make lots of regular payments, all on time.