topic Re: American Express Platinum Card - What Credit Score Did You Have When You Were Approved? in Credit Card Applications

American Express Platinum Card - What Credit Score Did You Have When You Were Approved?

JenW83 — Tue, 16 Jan 2024 20:41:51 GMT

Hi Everyone!

I want to add the Amex Platinum Card to my wallet, as I travel a lot for work and think the access to the Centurion Lounges would more than be worth the $695 annual fee. My question is - for those of you that were approved for it, where was your credit score at time of approval?

I'm at a 670 credit score, with my only baddie falling off my report at the end of January, which I hope will increase my score to above 700, or just around it. Also, as of Feb. 2024, I'll have a proven track record with Amex Delta for 4 years. I've never missed a payment, used HEAVY spend on my account, though I haven't paid off the balance every month.

When I login to the credit card page, I do get a message that says "You May Qualify to Open the American Express Gold Card", and when I click the "Apply Now" button for the Platinum card, I see the message "Know if you're approved for this Card with no impact to your credit score". I know in the past if it said "Expand your membership.." that would mean you're not preapproved. Does the above mean the same, or is there a better chance that I could be preapproved?

Re: American Express Platinum Card - What Credit Score Did You Have When You Were Approved?

CreditCuriosity — Tue, 16 Jan 2024 20:28:35 GMT

Score if fine fine a platinum especially since you have an existing relationship with AMEX and also with existing relationship it is 99% a SP if you have a card open with them. AF > Fico for that card as they can stop you at 2k spend or whatever they deem safe with you. If you think that card will fit you I would be shocked if you were declined and won't hurt you if you are since already an AMEX card holder.

Re: American Express Platinum Card - What Credit Score Did You Have When You Were Approved?

pizzadude — Tue, 16 Jan 2024 20:39:34 GMT

I concur, since you have 4 years of good history with one of their revolvers I'd also be very surprised if you weren't approved.

Also others have reported being approved for Plat with scores in upper 600s, so it's not uncommon.

Re: American Express Platinum Card - What Credit Score Did You Have When You Were Approved?

GZG — Tue, 16 Jan 2024 20:45:49 GMT

agree with above, just apply, do look for a 150k point offer though, don't take an 80k points offer, leaving points on the table

Re: American Express Platinum Card - What Credit Score Did You Have When You Were Approved?

JenW83 — Tue, 16 Jan 2024 21:10:22 GMT

@GZG wrote:
agree with above, just apply, do look for a 150k point offer though, don't take an 80k points offer, leaving points on the table

Thank you for the reminder to wait until the points bonus is better! I didn't even think about that.

One other question - since the Platinum card is a charge card, and doesn't have a preset spending limit, how do you know how much they'll allow you to spend? Is there a way to check the max approved amount of spend on the app, or can you call and check with a customer service rep?

Re: American Express Platinum Card - What Credit Score Did You Have When You Were Approved?

JenW83 — Tue, 16 Jan 2024 21:09:56 GMT

@CreditCuriosity wrote:
Score if fine fine a platinum especially since you have an existing relationship with AMEX and also with existing relationship it is 99% a SP if you have a card open with them. AF > Fico for that card as they can stop you at 2k spend or whatever they deem safe with you. If you think that card will fit you I would be shocked if you were declined and won't hurt you if you are since already an AMEX card holder.

Thank you for the notes! Now you have my fingers itching to apply, with the idea that I have pretty good approval odds with my current credit score.

I'm going to make myself wait until after my only baddie falls off, as I think that should make my approval pretty much solidified.

Re: American Express Platinum Card - What Credit Score Did You Have When You Were Approved?

JenW83 — Tue, 16 Jan 2024 21:09:28 GMT

Sorry for my ignorance, but what does "AF" stand for? You had mentioned AF>Fico?

@CreditCuriosity wrote:
Score if fine fine a platinum especially since you have an existing relationship with AMEX and also with existing relationship it is 99% a SP if you have a card open with them. AF > Fico for that card as they can stop you at 2k spend or whatever they deem safe with you. If you think that card will fit you I would be shocked if you were declined and won't hurt you if you are since already an AMEX card holder.

Re: American Express Platinum Card - What Credit Score Did You Have When You Were Approved?

CreditCuriosity — Tue, 16 Jan 2024 21:50:13 GMT

@JenW83 wrote:
Sorry for my ignorance, but what does "AF" stand for? You had mentioned AF>Fico?
@CreditCuriosity wrote:
Score if fine fine a platinum especially since you have an existing relationship with AMEX and also with existing relationship it is 99% a SP if you have a card open with them. AF > Fico for that card as they can stop you at 2k spend or whatever they deem safe with you. If you think that card will fit you I would be shocked if you were declined and won't hurt you if you are since already an AMEX card holder.

AF= Annual fee.

also limit although NPSL certainly has a limit and will change with your spending habit and what they know about it and in theory should get better each month.. Might initially be say 2k they are comfortable with then could be 20k or whatever in future if income/etc and spend habit and payment history justify it.

Re: American Express Platinum Card - What Credit Score Did You Have When You Were Approved?

ShreksBFF — Wed, 17 Jan 2024 04:49:50 GMT

680 with 4yr old unpaid $45k auto loan charge off, approved for platinum with $5k POT

6 months later I was approved for gold with same profile, 720 score, $20k POT on gold

Re: American Express Platinum Card - What Credit Score Did You Have When You Were Approved?

SouthJamaica — Wed, 17 Jan 2024 19:21:16 GMT

@JenW83 wrote:
Hi Everyone!

I want to add the Amex Platinum Card to my wallet, as I travel a lot for work and think the access to the Centurion Lounges would more than be worth the $695 annual fee. My question is - for those of you that were approved for it, where was your credit score at time of approval?

I'm at a 670 credit score, with my only baddie falling off my report at the end of January, which I hope will increase my score to above 700, or just around it. Also, as of Feb. 2024, I'll have a proven track record with Amex Delta for 4 years. I've never missed a payment, used HEAVY spend on my account, though I haven't paid off the balance every month.

When I login to the credit card page, I do get a message that says "You May Qualify to Open the American Express Gold Card", and when I click the "Apply Now" button for the Platinum card, I see the message "Know if you're approved for this Card with no impact to your credit score". I know in the past if it said "Expand your membership.." that would mean you're not preapproved. Does the above mean the same, or is there a better chance that I could be preapproved?

If your score is in the neighborhood of 700, I believe you'll be approved. Mine was in the high 600's when I got an Amex Business Platinum.

Re: American Express Platinum Card - What Credit Score Did You Have When You Were Approved?

JenW83 — Wed, 17 Jan 2024 21:37:01 GMT

@SouthJamaica wrote:
@JenW83 wrote:
Hi Everyone!

I want to add the Amex Platinum Card to my wallet, as I travel a lot for work and think the access to the Centurion Lounges would more than be worth the $695 annual fee. My question is - for those of you that were approved for it, where was your credit score at time of approval?

I'm at a 670 credit score, with my only baddie falling off my report at the end of January, which I hope will increase my score to above 700, or just around it. Also, as of Feb. 2024, I'll have a proven track record with Amex Delta for 4 years. I've never missed a payment, used HEAVY spend on my account, though I haven't paid off the balance every month.

When I login to the credit card page, I do get a message that says "You May Qualify to Open the American Express Gold Card", and when I click the "Apply Now" button for the Platinum card, I see the message "Know if you're approved for this Card with no impact to your credit score". I know in the past if it said "Expand your membership.." that would mean you're not preapproved. Does the above mean the same, or is there a better chance that I could be preapproved?
If your score is in the neighborhood of 700, I believe you'll be approved. Mine was in the high 600's when I got an Amex Business Platinum.

Thank you for the insight! I'm sitting at 670 for my Experian 8 right now, but hope that when my last "baddie" falls ouff my report at the end of the month, that the removal will boost me to 700+, or right around there. Too bad that Amex doesn't update their reports for a while after Experian does.

I'm trying to be patient not only to better my chances at approval, but also to better my terms. (POT limit, etc)

Re: American Express Platinum Card - What Credit Score Did You Have When You Were Approved?

markbeiser — Wed, 17 Jan 2024 21:56:02 GMT

@JenW83 wrote:
I'm trying to be patient not only to better my chances at approval, but also to better my terms. (POT limit, etc)

I don't think you would have any trouble being approved for it now, as the Platinum card is easier to qualify for than any of their credit cards, but you will definitely get a better SL and POT limit, and maybe qualify for a better SUB if you wait.

Re: American Express Platinum Card - What Credit Score Did You Have When You Were Approved?

JenW83 — Wed, 17 Jan 2024 22:06:41 GMT

@markbeiser wrote:
I don't think you would have any trouble being approved for it now, as the Platinum card is easier to qualify for than any of their credit cards, but you will definitely get a better SL and POT limit, and maybe qualify for a better SUB if you wait.

Oh yeah! I saw that there is a 100k points SUB after 8k spend in the first 6 months if you apply through Resy.com. I thought I would take that approach if/when I do apply, as the Amex website is only offering 80k.

Re: American Express Platinum Card - What Credit Score Did You Have When You Were Approved?

markbeiser — Wed, 17 Jan 2024 22:12:40 GMT

Read terms and conditions of some of those elevated offers carefully, and make sure the one you are using doesn't have the "up to" wording in it, or you may find you still only get the 80k SUB.
That has become a thing with AmEx lately...