topic Re: AMEX Should I apply for second card after approval????? in Credit Card Applications

AMEX Should I apply for second card after approval?????

Anonymous — Thu, 17 Jun 2021 00:07:51 GMT

Hey Guys

Not so long ago I was at the AMEX prequalification portal and after much thought and after many denials I applied and lo and behold I was approved for a Delta SKY Miles Gold Card, this is great I think to myself anyway a week has gone by approximately and by mistake on the account page I clicked on the qualified offers link well not thinking anything of it I see that I am prequalified for a myriad of AMEX Cards kind of perplexed I was wondering should I apply for a second card or just age the one I have.

Re: AMEX Should I apply for second card after approval?????

GatorGuy — Thu, 17 Jun 2021 00:39:05 GMT

If you already have an Amex card, login into your account and goto the new credit cards and click on the one you are interested. Click apply, it should pop up and say you are pre-approved at the top. If it says adding new cards is easy, etc then you are not pre-approved.

Re: AMEX Should I apply for second card after approval?????

Anonymous — Thu, 17 Jun 2021 00:55:45 GMT

What's your profile look like? Scores, usage, HPs, etc, and what was your limit on the Delta card? Those answers would help us get a better feel for where you stand.

Re: AMEX Should I apply for second card after approval?????

Anonymous — Thu, 17 Jun 2021 01:08:18 GMT

@GatorGuy wrote:
If you already have an Amex card, login into your account and goto the new credit cards and click on the one you are interested. Click apply, it should pop up and say you are pre-approved at the top. If it says adding new cards is easy, etc then you are not pre-approved.

Thanks GatorGuy !!!!! just out of curiosity I tried anyway wasnt surprised. It is my first Amex and I am pretty stoked for being approved for the Gold Card the CL is nothing to write home about but its enough to pay por gas and other expenses.

Re: AMEX Should I apply for second card after approval?????

Anonymous — Thu, 17 Jun 2021 01:13:18 GMT

I asked specifically about the limit because a sub-$2000 approval is seen as borderline and indicates that you just squeaked in. If that's the case, hold off as further approvals likely won't be any better. Start with a $5k approval and yeah, a second card is probably worth a shot if you can benefit from it.

Re: AMEX Should I apply for second card after approval?????

Anonymous — Thu, 17 Jun 2021 01:15:12 GMT

@Anonymous wrote:
What's your profile look like? Scores, usage, HPs, etc, and what was your limit on the Delta card? Those answers would help us get a better feel for where you stand.

My profile not that impressive here are the stats

Amex Delta Gold CL $1000

TU8 691

TU5,4,2 687

EQ8 678

EQ5,4,2 672

EX8 664

EX5,4,2 633

TU9 703

EQ9 697

EX9 687

No CO

No Late in 5 years

Re: AMEX Should I apply for second card after approval?????

Anonymous — Thu, 17 Jun 2021 01:22:40 GMT

If you have an open Amex card, then all new credit card apps are 99.5% soft pull. So if you want to, pull that trigger

Re: AMEX Should I apply for second card after approval?????

Anonymous — Thu, 17 Jun 2021 01:24:27 GMT

@Anonymous wrote:
I asked specifically about the limit because a sub-$2000 approval is seen as borderline and indicates that you just squeaked in. If that's the case, hold off as further approvals likely won't be any better. Start with a $5k approval and yeah, a second card is probably worth a shot if you can benefit from it.

I really appreciate the advice and really this is a breath of fresh air since I have gone through many personal tribulations which affected a once 811 credit ( which has me constantly depressed) anyway I would like to personally thank you since those are the questions that should be asked.

Re: AMEX Should I apply for second card after approval?????

GrandBay — Thu, 17 Jun 2021 01:39:09 GMT

@Anonymous as an AMX cardholder future cards are SP. If you have less than 3 CCs total then apply for a second AMX. If you are at 3 or more then wait until your CR improves IMHO.

Re: AMEX Should I apply for second card after approval?????

coldfusion — Thu, 17 Jun 2021 01:42:51 GMT

@GrandBay wrote:
@Anonymous as an AMX cardholder future cards are usually a SP. If you have less than 3 CCs total then apply for a second AMX. If you are at 3 or more then wait until your CR improves IMHO.

Fixed for accuracy.

Re: AMEX Should I apply for second card after approval?????

coldfusion — Thu, 17 Jun 2021 01:52:07 GMT

@Anonymous wrote:
@Anonymous wrote:
What's your profile look like? Scores, usage, HPs, etc, and what was your limit on the Delta card? Those answers would help us get a better feel for where you stand.
My profile not that impressive here are the stats
Amex Delta Gold CL $1000

TU8 691
TU5,4,2 687
EQ8 678
EQ5,4,2 672
EX8 664
EX5,4,2 633
TU9 703
EQ9 697
EX9 687

No CO
No Late in 5 years

A $1K starting limit essentially means that in AMEX' eyes your profile right now was borderline but they saw enough potential in you to give you an opportunity to prove yourself to them. If you do that and keep tracking on an upward path like you have been it will take a little while but they will be willing to extend you bigger and better opportunities.

Re: AMEX Should I apply for second card after approval?????

Anonymous — Thu, 17 Jun 2021 02:15:51 GMT

@GrandBay

@Anonymous

I would not give that advice. As I stated above, the subsequent approvals will be small and they're tough to grow. Yes, OP could be approved, but so what? Then they have two $1000 cards and when the cobrand cards (which are what OP's scores will make available) are travel-based, well, you aren't going far or for long on a grand.

I am the poster child for why you don't do this. I was all starry-eyed on my first approval (also Delta Gold, also $1000) and YOLO'd a second approval less than an hour later for the base no-AF Hilton card. Guess what? Also $1000. Why I thought it might work out better I have no idea. These were 11/15/2018. The whole 3x CLI after 61 days? Yeah, big fat NO.

The following March I decided to go for Surpass. We stay at Hampton Inn a lot on trips and I figured I've got a few months under my belt, this will be a good one. Guess what? $1000.

In May of 2019 I decided to go for the Gold charge without preapproval (no biggie - didn't have it for my three prior approvals). Declined. On the 23rd of that month, suddenly I was preapproved for BCP and every other Amex card except Gold. I was stoked as BCP was one I knew I could use well with streaming and groceries. Now I'm six months in with Amex, great performance on the cards, go for it!

$1000.

Four days later Gold preapproval showed up and I took it and was approved. Didn't app any other Amex cards until November 2020 when I got the Platinum charge. During all of this time I tried for a CLI every three months. Every single ask was turned down. Here and now I'm a 31-month cardmember with four $1000 revolvers.

My charge cards have never been throttled but I can't grow my revolvers to save my life. I believe there are two reasons. One is that I still have a single old paid derog on EX and Amex has seemed to be pretty adamant on not growing cards for blemished profiles. My other two bureaus are clean but Amex only uses them as a cursory second-look most of the time. My revolvers are very likely not going to budge by a dime until EX is clear. The second reason I think is simply that I went too fast with them. Spreading out the apps may have worked better.

So in sum, yes if you just want a wallet full of Amex cards, by all means app away. If you want useful limits and flexibility, take your time and work on your profile. Clean it up and then app for more. Waiting sucks but it's worth it. Learn from my haste and take the lesson to heart.

Re: AMEX Should I apply for second card after approval?????

Anonymous — Thu, 17 Jun 2021 02:23:38 GMT

@coldfusion wrote:
@Anonymous wrote:
@Anonymous wrote:
What's your profile look like? Scores, usage, HPs, etc, and what was your limit on the Delta card? Those answers would help us get a better feel for where you stand.
My profile not that impressive here are the stats
Amex Delta Gold CL $1000

TU8 691
TU5,4,2 687
EQ8 678
EQ5,4,2 672
EX8 664
EX5,4,2 633
TU9 703
EQ9 697
EX9 687

No CO
No Late in 5 years
A $1K starting limit essentially means that in AMEX' eyes your profile right now was borderline but they saw enough potential in you to give you an opportunity to prove yourself to them. If you do that and keep tracking on an upward path like you have been it will take a little while but they will be willing to extend you bigger and better opportunities.

That gives me hope! I have been struggling for the past 6 years. Financially I have been stable and hold my own ground and during this pandemic its very few who have been able to operate normally and even finding the discretional finance to make extra payments to the point of maintaining zero balance on my Jasper Master Card and having regular car payments at least two months paid in advanced.

Re: AMEX Should I apply for second card after approval?????

Crowhelm — Thu, 17 Jun 2021 03:30:52 GMT

@Anonymous wrote:
@coldfusion wrote:
@Anonymous wrote:
@Anonymous wrote:
What's your profile look like? Scores, usage, HPs, etc, and what was your limit on the Delta card? Those answers would help us get a better feel for where you stand.
My profile not that impressive here are the stats
Amex Delta Gold CL $1000

TU8 691
TU5,4,2 687
EQ8 678
EQ5,4,2 672
EX8 664
EX5,4,2 633
TU9 703
EQ9 697
EX9 687

No CO
No Late in 5 years
A $1K starting limit essentially means that in AMEX' eyes your profile right now was borderline but they saw enough potential in you to give you an opportunity to prove yourself to them. If you do that and keep tracking on an upward path like you have been it will take a little while but they will be willing to extend you bigger and better opportunities.
That gives me hope! I have been struggling for the past 6 years. Financially I have been stable and hold my own ground and during this pandemic its very few who have been able to operate normally and even finding the discretional finance to make extra payments to the point of maintaining zero balance on my Jasper Master Card and having regular car payments at least two months paid in advanced.

Just out of curiosity. Why would you pay stuff two months in advance? Is there some benefit to that or are you just forgetful and try to cover yourself so you never get late by accident?

Re: AMEX Should I apply for second card after approval?????

Anonymous — Thu, 17 Jun 2021 03:38:59 GMT

The only reasons (and benefit) I would pay either a month or two months in advanced is primarily a couple years ago I had some personal problems including having an accident which affected some cognitive functions so right now my memory is somewhat limited and short term therefore I pay in advanced and if I loose the post it note theres no harm and second I work in aviation and this is business is usually unstable today I am at the top of my finance game but I dont know about tomorrow and the added benefit is that making these extra payments usually brings down my total debt considerably.

Re: AMEX Should I apply for second card after approval?????

gingerflower — Thu, 17 Jun 2021 04:33:13 GMT

@Anonymous

Congratulations on your Amx Delta Gold! Hey, at least you got approved for a $1000 mark your calender for the 3 times increase which is 61 days.