topic Re: Amex Platinum in Credit Card Applications

Amex Platinum

villemiami — Sat, 10 Apr 2021 02:27:24 GMT

Please look at the cards I have below. The last time I applied for a credit card was for the Air France one on 11/30/20. I would like to apply for the Amex Platinum. I never applied for a card with an AF superior to $100, and my retirement is only $26,000 per year. Do you think that I could apply successfully to the Amex Platinum? If yes, when could I start the application? Is it too early to apply now?

I also have the Hilton Honors Surpass Amex card. Before I apply, is it better to purchase more with my Hilton card than with my Air France because it's Amex, so it would give me more chance to be approved for the Amex Platinum?

Re: Amex Platinum

coldfusion — Sat, 10 Apr 2021 02:29:52 GMT

Follow this link and see if you can get a preapproval.

https://www.americanexpress.com/us/credit-cards/check-for-offers/

Keep in mind that American Express may be hesitant to approve the Platinum card when just the AF is more than 2% of your gross yearly income.

Re: Amex Platinum

villemiami — Sat, 10 Apr 2021 02:36:53 GMT

I see the Amex Platinum in the link you gave me. What is a preapproval?

Re: Amex Platinum

Anonymous — Sat, 10 Apr 2021 02:42:21 GMT

Does it say "villemiami, you are preapproved!"? If so it's a pretty solid indicator that you'll be approved for the card.

Re: Amex Platinum

villemiami — Sat, 10 Apr 2021 02:49:24 GMT

I didn't try yet, I wanted to know what a preapproval is. I'm also waiting around 2 months before applying because I'll buy a house at this time, so I will need to buy furniture, and it will be easier and faster to spend $5000 in 6 months.

Re: Amex Platinum

Anonymous — Sat, 10 Apr 2021 03:23:35 GMT

Preapproval just means that based on what they know of you, you look like a solid candidate for the card and getting it shouldn't be much more than a formality. If you're buying a house, definitely don't app for it until keys are in hand and the mortgage is funded. As an existing cardmember it'll probably be a SP but a HP is always a possibility.

Re: Amex Platinum

coldfusion — Sat, 10 Apr 2021 08:50:32 GMT

@Anonymous wrote:
Preapproval just means that based on what they know of you, you look like a solid candidate for the card and getting it shouldn't be much more than a formality. If you're buying a house, definitely don't app for it until keys are in hand and the mortgage is funded. As an existing cardmember it'll probably be a SP but a HP is always a possibility.

Exactly.

They will perform a soft pull of your Experian credit report and based on the information they have calculate your probability of approval; if that probablity goes above a certain threshold (80%? 90%? odds of approval - actual figure is unknown) they will preapprove you. Part of that process is to inform you and have your confirm understanding that the process is not an application for credit (i.e. you aren't giving approval for them to perform a hard pull).

You can still get approved even if you don't get a preapproval but the odds of success aren't as good.

Preapproval doesn't weight in every factor. For example it's possible to get a preapproval if you exited bankruptcy less than 61 months ago but it's a virtual lock that you would get a policy-based denial for credit.

Re: Amex Platinum

villemiami — Sat, 10 Apr 2021 13:15:22 GMT

Can I do the preapproval now, and if I'm approved, wait 2 months to be ready to make big purchases, then do it again to the end to be approved?

Re: Amex Platinum

BlackOpzFX — Sat, 10 Apr 2021 13:53:22 GMT

The pre-approval is a soft-pull. You can do it whenever you want. Just check before you apply. Check now just to see. Just LOGIN to your Amex account then "Apply" for cards - The screen will either say "pre-approved" or "expand membership". If It says "pre-approved" you're almost guaranteed to get approved instantly. Press [BACK] and check other cards.

Re: Amex Platinum

villemiami — Sun, 11 Apr 2021 01:56:36 GMT

You have been completely wrong :-( I used the link you gave me and I saw the message "you've been approved!
Your Card is expected to arrive by Tuesday, April 13th".

With this new card, I don't need my Hilton Honors Surpass then, so I'm going to cancel it so they refund me the annual fee.

Re: Amex Platinum

villemiami — Sun, 11 Apr 2021 01:58:58 GMT

With the link you gave me, I see all different cards and I never saw something like "you're pre-approved". I only had to click on "Apply now" and then, fill out my information with income, submit, and then it told me I was approved.

Re: Amex Platinum

villemiami — Sun, 11 Apr 2021 02:03:20 GMT

Sorry, I guessed you were right. I tried with another card, I clicked on "Apply now" then I see the message "you are pre-approved!
Get a decision in as little as 30 seconds.".

I didn't take the time to read the word "pre-approved, I was convinced that I had to type my income to see if I was pre-approved.

That's OK, I'll manage. If I buy the house in 2 months, I'll have 4 more months to buy furniture and spend $5000 in my first 6 months to get the signup bonus.

Re: Amex Platinum

villemiami — Sun, 11 Apr 2021 02:48:07 GMT

I cancelled my Hilton Surpass, I did it at the right time: 1 year after application and after annual fee showed up, so they will refund me the $95 annual fee. Now, I will just to have to wait for my new Amex Platinum.

I APOLOGIZE FOR HAVING SAID "You have been completely wrong" EARLIER. This shows that sometimes, I act and write too fast.

Re: Amex Platinum

Remedios — Sun, 11 Apr 2021 02:49:36 GMT

Congrats on your new card

Feel free to start an approval thread if you wish to do so