topic Re: Just received invitation to apply to Amex Gold in Credit Card Applications

Just received invitation to apply to Amex Gold

Azza — Fri, 16 Apr 2021 20:13:51 GMT

Unbelievable. lol

Some of you may know I've been trying to get with Amex for the better part of 3-4 years now. Well today I received my very first mailer from American Express and it was even for the Gold card, which I recently decided I no longer need.

LOL

So... 75,000 point offer in the mail. Same as the one I was preapproved for on the website. Hmm. RSVP for Gold or Rose Gold on the back of the mailer brochure.

What do you guys think...? I'm doing the CSR/CFU/CFF system right now to save for a trip to Hawaii in three years, and I wanted to get the BCP for a grocery card. Definitely interested to hear your thoughts, now that this is on the table as a real potential.

-Azza

Re: Just received invitation to apply to Amex Gold

FinStar — Fri, 16 Apr 2021 20:19:54 GMT

Typically, mailers such as that invite or offer, are pre-screened very far in advance (a month or two sometimes - you'll see a "PRM" SP in your CRs more often than not). That said, both offers appear to yield the same SUB, and if you were to apply online, both Gold/Rose Gold are equally available.

Since you've already explored the pre-qualification alternative, that's the one I would try as the most fresh approach -- if you're still interested.

Re: Just received invitation to apply to Amex Gold

Azza — Fri, 16 Apr 2021 20:58:56 GMT

@FinStar wrote:
Typically, mailers such as that invite or offer, are pre-screened very far in advance (a month or two sometimes - you'll see a "PRM" SP in your CRs more often than not). That said, both offers appear to yield the same SUB, and if you were to apply online, both Gold/Rose Gold are equally available.

Since you've already explored the pre-qualification alternative, that's the one I would try as the most fresh approach -- if you're still interested.

How may I see soft inquiries on myfico? I'm in the credit data and it only seems to show HP.

Re: Just received invitation to apply to Amex Gold

Remedios — Fri, 16 Apr 2021 21:19:43 GMT

@Azza you can get a complete report from

https://www.annualcreditreport.com/index.action

For right now, they allow reports to be pulled weekly.

I'd start with EX.

Re: Just received invitation to apply to Amex Gold

Azza — Fri, 16 Apr 2021 21:28:22 GMT

@Remedios wrote:
@Azza you can get a complete report from
https://www.annualcreditreport.com/index.action
For right now, they allow reports to be pulled weekly.
I'd start with EX.

Hah, I got this

Equifax and Transunion went through fine, though.

HAHA waiting is fun right guys

Re: Just received invitation to apply to Amex Gold

Remedios — Fri, 16 Apr 2021 21:33:48 GMT

@Azza when you say you've been trying, were you denied before and for what reason?

As far as playing with URs and MRs, you can do both is spend is sufficient. If it's not, you will be diluting it on both sides.

Re: Just received invitation to apply to Amex Gold

Azza — Fri, 16 Apr 2021 22:13:49 GMT

@Remedios wrote:
@Azza when you say you've been trying, were you denied before and for what reason?

As far as playing with URs and MRs, you can do both is spend is sufficient. If it's not, you will be diluting it on both sides.

I tried 3 years ago, I think I had a derog which was bringing me down, causing me to get it removed (it was a BS claim). Then I applied again and had like a 680-700 score and they said no.

Last year I applied and, with a 777 score they said no again. I vaguely remember the reasons being my brand spanking new mortgage, credit seeking behavior and age of accounts (aaoa 4yr3mo). I'm at 5 years I think next month. At any rate, I'm almost 800. I might just wait for that delicious 800 score before applying, because I have an expectation that a new LOC will bump me down to 775-780 for a few months.

Dunno, I think we're in a good spot right now.

As for the UR and MR, hmm. So there is no grocery category for Chase cards, which is super disappointing. The CSR has a grocery bonus right now, like 3x up to $1000 until the end of this month I think, so I am exhausting that. As for dilution, that's part of the thing. If I have the Gold, the only reason I'd use it is for the grocery. Which I believe is 4x. With BCP it's 6x (but only $6k in purchases.) With no category for grocery in Chase's ecosystem except maybe the CFF once in a while, I think I could probably validate the CSP. The Gold is a tough sell now, even with the credits for grubhub and uber eats or whatever they're pitching. But then I look at the trip I'm saving for, and think that if I am spending cash on an annual fee, the 6% cash back would be much more enticing because I could put that towards say, shopping, and the 4x points from MR... well I don't even know what I'd do with those.

More advice on MR is requested. I haven't a way to look into them. If I book my flight via Chase for 1.5x multiplier, what might I use the MR points for?

Thanks again, your advices are always excellent

Re: Just received invitation to apply to Amex Gold

Remedios — Fri, 16 Apr 2021 22:04:14 GMT

@Azza wrote:
@Remedios wrote:
@Azza when you say you've been trying, were you denied before and for what reason?

As far as playing with URs and MRs, you can do both is spend is sufficient. If it's not, you will be diluting it on both sides.
I tried 3 years ago, I think I had a derog which was bringing me down, causing me to get it removed (it was a BS claim). Then I applied again and had like a 680-700 score and they said no.

Last year I applied and, with a 777 score they said no again. I vaguely remember the reasons being my brand spanking new mortgage, credit seeking behavior and age of accounts (aaoa 4yr3mo). I'm at 5 years I think next month. At any rate, I'm almost 800. I might just wait for that delicious 800 score before applying, because I have an expectation that a new LOC will bump me down to 775-780 for a few months.

Dunno, I think we're in a good spot right now.

As for the UR and MR, hmm. So there is no grocery category for Chase cards, which is super disappointing. The CSR has a grocery bonus right now, like 3x up to $1000 until the end of this month I think, so I am exhausting that. As for dilution, that's part of the thing. If I have the Gold, the only reason I'd use it is for the grocery. Which I believe is 4x. With CSP it's 6x (but only $6k in purchases.) With no category for grocery in Chase's ecosystem except maybe the CFF once in a while, I think I could probably validate the CSP. The Gold is a tough sell now, even with the credits for grubhub and uber eats or whatever they're pitching. But then I look at the trip I'm saving for, and think that if I am spending cash on an annual fee, the 6% cash back would be much more enticing because I could put that towards say, shopping, and the 4x points from MR... well I don't even know what I'd do with those.

More advice on MR is requested. I haven't a way to look into them. If I book my flight via Chase for 1.5x multiplier, what might I use the MR points for?

Thanks again, your advices are always excellent

What do you mean by CSP being 6x for groceries?

Re: Just received invitation to apply to Amex Gold

Azza — Fri, 16 Apr 2021 22:13:32 GMT

@Remedios wrote:
What do you mean by CSP being 6x for groceries?

ugh, I mean the BCP. I am exhausted. D:

Re: Just received invitation to apply to Amex Gold

Remedios — Fri, 16 Apr 2021 22:57:03 GMT

So, you got invitation to apply for Gold (earning MRs), but you're also talking about BCP (which earns cash back), while comparing both to Chase cards?

If travel is your goal, BCP wont help.

Re: Just received invitation to apply to Amex Gold

Azza — Sat, 17 Apr 2021 01:23:07 GMT

@Remedios wrote:
So, you got invitation to apply for Gold (earning MRs), but you're also talking about BCP (which earns cash back), while comparing both to Chase cards?
If travel is your goal, BCP wont help.

Yes, I am talking about two cards with different reward structures. And I understand that the BCP won't help with travel. I am grappling with how to make the most out of a grocery card, haha.

I just don't know what MR offers as a complement to say, my UR points. That's why I brought BCP up.

Re: Just received invitation to apply to Amex Gold

Azza — Sun, 18 Apr 2021 00:26:10 GMT

Do I use my 791 Experian score to apply for this now?

Think I might do the Gold for the 4x groceries and get into the points ecosystem.

Re: Just received invitation to apply to Amex Gold

FinStar — Sun, 18 Apr 2021 00:53:08 GMT

If a pre-qualified offer is available or displayed online, it really doesn't matter since they'll base their decision on your overall profile, especially for POT. Your score should suffice.

Re: Just received invitation to apply to Amex Gold

Remedios — Sun, 18 Apr 2021 01:22:06 GMT

Since OP already started approval thread, this one is closed for additional messages.