topic Re: When to App for Amex Revolver in Credit Card Applications

When to App for Amex Revolver

n777ua — Fri, 08 Oct 2021 03:05:48 GMT

I opened an Amex Plat in mid-august, and I have my eye on one of their revolving credit cards. How long should I wait until I apply for an other account, or do you think it'd be okay to app now ?

Re: When to App for Amex Revolver

CreditPacMan — Fri, 08 Oct 2021 03:17:36 GMT

It's hard to say without more DPs. What is your relationship with AMEX beside the Platinum?

Current scores?

There is really no specific time for how long to wait before applying for another card, and no condition that says anyone needs an AMEX charge card before qualifying for a revolver.

Re: When to App for Amex Revolver

simplynoir — Fri, 08 Oct 2021 03:21:51 GMT

@n777ua wrote:
I opened an Amex Plat in mid-august, and I have my eye on one of their revolving credit cards. How long should I wait until I apply for an other account, or do you think it'd be okay to app now ?

You're okay to apply now as long as your EX credit score is there and don't already carry a number of revolvers already with AMEX. The app rules are different between charge and revolver cards. For instance, ff you had liked you could have done so the same day you applied for the Platinum card

Re: When to App for Amex Revolver

n777ua — Fri, 08 Oct 2021 03:31:56 GMT

App not approved at this time. Score was 774. Guess I have to wait for the letter.

Re: When to App for Amex Revolver

simplynoir — Fri, 08 Oct 2021 03:43:22 GMT

@n777ua wrote:
App not approved at this time. Score was 774. Guess I have to wait for the letter.

I'm honestly surprised considering your EX score. Do you already carry any revolvers with AMEX?

Re: When to App for Amex Revolver

n777ua — Fri, 08 Oct 2021 04:59:12 GMT

No just the plat.

Re: When to App for Amex Revolver

n777ua — Fri, 08 Oct 2021 05:00:36 GMT

I was also going to app for a plum card but I think I'll just wait another 4-6 mo's to see if whatever is spooking them is gone by then. My reports are perfect.

Re: When to App for Amex Revolver

CreditPacMan — Fri, 08 Oct 2021 09:38:42 GMT

@n777ua wrote:
I was also going to app for a plum card but I think I'll just wait another 4-6 mo's to see if whatever is spooking them is gone by then. My reports are perfect.

@n777ua Just curious, anything that interests you about hte Plum card? Seems like a pretty boring card.

Re: When to App for Amex Revolver

FinStar — Fri, 08 Oct 2021 11:48:45 GMT

@CreditPacMan wrote:
@n777ua wrote:
I was also going to app for a plum card but I think I'll just wait another 4-6 mo's to see if whatever is spooking them is gone by then. My reports are perfect.
@n777ua Just curious, anything that interests you about hte Plum card? Seems like a pretty boring card.

@CreditPacMan @n777ua

Please reserve any business card or product discussions for the Business Credit section, not here. Thank you.

Re: When to App for Amex Revolver

Anonymous — Sat, 23 Oct 2021 14:39:56 GMT

I would wait 3-4 more months and put a good amount of spend ($500-$1000 a month) on the platinum card, You need to show them you can spend money and pay it off.

Re: When to App for Amex Revolver

Sub16610 — Sat, 23 Oct 2021 16:05:13 GMT

@n777ua wrote:
App not approved at this time. Score was 774. Guess I have to wait for the letter.

Sorry to hear about your denial.

Re: When to App for Amex Revolver

FinStar — Sat, 23 Oct 2021 16:50:56 GMT

@n777ua wrote:
App not approved at this time. Score was 774. Guess I have to wait for the letter.

@n777ua-- did you receive the letter with the reason(s)?

Re: When to App for Amex Revolver

webrobby — Sun, 24 Oct 2021 15:41:49 GMT

You will gain your best initial SL and approvals when you carry the lowest balances. They know because as a current customer they SP your credit multiple times per month. They can track if your balances are consistently high or low and they will give you more credit - the less it appears that you need it. Once you have revolving lines with them they'll let you run with them - but they are pretty averse to opening lines for people who appear to carry big balances with others.

@n777ua wrote:
I opened an Amex Plat in mid-august, and I have my eye on one of their revolving credit cards. How long should I wait until I apply for an other account, or do you think it'd be okay to app now ?