topic Re: New Amex App in Credit Card Applications

New Amex Application / Preapprovals

Cory88 — Fri, 04 Mar 2022 15:27:42 GMT

I'm a card member since 2011 and have a credit score of 791 and I was looking at pre approvals and it's said I was pre approved for all charge cards and not on any revolvers. I find that strange since my time with amex and three cards. Has anyone know anything about this?

Re: New Amex App

FinStar — Thu, 03 Mar 2022 22:22:08 GMT

Nothing strange, honestly. It's all driven by your overall profile including your existing AENB relationship + a variety of different factors. It doesn't mean you won't be approved if you decided to apply for any revolvers, it just means they're not displaying any pre-approved offers at this point in time, regardless of tenure or score.

Re: New Amex App

OmarGB9 — Thu, 03 Mar 2022 22:58:06 GMT

As mentioned above, how long you've been a member doesn't influence pre-approvals as much as your credit report. If your report is dirty/has high utilization/high DTI, it won't look good and they'll be more nervous to approve any additional credit products - even revolvers.

Re: New Amex App

Cory88 — Thu, 03 Mar 2022 23:42:24 GMT

@FinStar wrote:
Nothing strange, honestly. It's all driven by your overall profile including your existing AENB relationship + a variety of different factors. It doesn't mean you won't be approved if you decided to apply for any revolvers, it just means they're not displaying any pre-approved offers at this point in time, regardless of tenure or score.

What is AENB relationship?

Re: New Amex App

Cory88 — Thu, 03 Mar 2022 23:43:54 GMT

@OmarGB9 wrote:
As mentioned above, how long you've been a member doesn't influence pre-approvals as much as your credit report. If your report is dirty/has high utilization/high DTI, it won't look good and they'll be more nervous to approve any additional credit products - even revolvers.

I have low DTI and very low ult and AooA is 5 years. Two student loans in repayment total balance on both is $1500.

Re: New Amex App

FinStar — Thu, 03 Mar 2022 23:45:34 GMT

@Cory88 wrote:
@FinStar wrote:
Nothing strange, honestly. It's all driven by your overall profile including your existing AENB relationship + a variety of different factors. It doesn't mean you won't be approved if you decided to apply for any revolvers, it just means they're not displaying any pre-approved offers at this point in time, regardless of tenure or score.
What is AENB relationship?

AENB = American Express National Bank

Re: New Amex App

FinStar — Thu, 03 Mar 2022 23:51:25 GMT

@Cory88 wrote:
@OmarGB9 wrote:
As mentioned above, how long you've been a member doesn't influence pre-approvals as much as your credit report. If your report is dirty/has high utilization/high DTI, it won't look good and they'll be more nervous to approve any additional credit products - even revolvers.
I have low DTI and very low ult and AooA is 5 years. Two student loans in repayment total balance on both is $1500.

No one here is going to be able to provide the specific reason(s) as to why your profile isn't yielding pre-approved offers for the revolvers vs their charge cards. It's buried somewhere within AENB's internal algorithms and secret sauce. Potentially, you can keep trying periodically and see what it yields for you down the road.

Re: New Amex App

dragontears — Fri, 04 Mar 2022 00:08:05 GMT

@Cory88 wrote:
I'm a card member since 2011 and have a credit score of 791 and I was looking at pre approvals and it's said I was pre approved for all charge cards and not on any revolvers. I find that strange since my time with amex and three cards. Has anyone know anything about this?

Just because there is no preapproval for a revolver doesn't mean that you won't be approved. I got my first Amex in 2018 without a preapproval (scores just under 800 at the time), got my second without a preapproval in 2019 and started seeing preapprovals in 2020 but none of their cards (other than what I have) fit my spend so I haven't accepted any of them.

Re: New Amex App

Jordan23ww — Fri, 04 Mar 2022 00:51:14 GMT

There's a very high chance that you won't get a hard inquiry if you apply for the desired Amex card since you're already a Amex card member. If you are ok with a possible rejection you could just apply for the card you desire. Best wishes to you if you decide to go for it!

Re: New Amex App

Cory88 — Fri, 04 Mar 2022 01:51:29 GMT

@FinStar wrote:
@Cory88 wrote:
@OmarGB9 wrote:
As mentioned above, how long you've been a member doesn't influence pre-approvals as much as your credit report. If your report is dirty/has high utilization/high DTI, it won't look good and they'll be more nervous to approve any additional credit products - even revolvers.
I have low DTI and very low ult and AooA is 5 years. Two student loans in repayment total balance on both is $1500.
No one here is going to be able to provide the specific reason(s) as to why your profile isn't yielding pre-approved offers for the revolvers vs their charge cards. It's buried somewhere within AENB's internal algorithms and secret sauce. Potentially, you can keep trying periodically and see what it yields for you down the road.

I wonder if it because I just moved in Aug 2021.

Re: New Amex App

FinStar — Fri, 04 Mar 2022 02:48:23 GMT

@Cory88 wrote:
@FinStar wrote:
@Cory88 wrote:
@OmarGB9 wrote:
As mentioned above, how long you've been a member doesn't influence pre-approvals as much as your credit report. If your report is dirty/has high utilization/high DTI, it won't look good and they'll be more nervous to approve any additional credit products - even revolvers.
I have low DTI and very low ult and AooA is 5 years. Two student loans in repayment total balance on both is $1500.
No one here is going to be able to provide the specific reason(s) as to why your profile isn't yielding pre-approved offers for the revolvers vs their charge cards. It's buried somewhere within AENB's internal algorithms and secret sauce. Potentially, you can keep trying periodically and see what it yields for you down the road.
I wonder if it because I just moved in Aug 2021.

🤷‍♂️

Re: New Amex App

SouthJamaica — Fri, 04 Mar 2022 12:24:06 GMT

@Cory88 wrote:
I'm a card member since 2011 and have a credit score of 791 and I was looking at pre approvals and it's said I was pre approved for all charge cards and not on any revolvers. I find that strange since my time with amex and three cards. Has anyone know anything about this?

I wouldn't worry about prequalification. I've always had more prequalification for their charge cards than their revolvers. It's probably going to be a soft pull anyway, so you have nothing to lose.