topic Re: Amex applications in Credit Card Applications

Amex applications

Snook_on_the_Line — Thu, 11 Apr 2024 21:11:22 GMT

So I hit up the Amex website last night and went thru the application because I've read they will approve with just a sp and you can accept or reject the approval. Acceptance obviously would result in a hard pull.

so I figured it couldn't hurt just to see what they're offering and I app'd for the BCE card and they approved prompting me to accept or reject

and I rejected because they didn't tell me the sl or apr

my question is does rejecting the approval hurt my chances of approval with Amex in the future?

I just wanted to see where I currently stand with Amex. I didn't think about the fact that if I reject the approval I might hurt my chances of getting the card in the future.

any insight appreciated

Re: Amex applications

CorpCrMgr1 — Thu, 11 Apr 2024 21:16:02 GMT

Don't believe it will have any impact. I used to see what Amex CC I would be approved. Good luck!

Re: Amex applications

JoeRockhead — Thu, 11 Apr 2024 22:17:22 GMT

I don't believe it would have any impact. The BCE is a good card. Even if they gave you a low $1000 SL, Amex cards can grow very quickly so I wouldn't care what SL they gave me, I'd take the approval and run with it.

Re: Amex applications

Snook_on_the_Line — Fri, 12 Apr 2024 00:27:12 GMT

My plan with them is wait them out

Now that they have my mailing address and know I'm interested in a card it is just a matter of time until they mail an offer with the apr and limit listed on it. I've been waiting out Wells Fargo for one year now they're sending me a pre approved email every month and a mailer every other month. The terms are slowly getting better every couple months. They started at 29% apr. 1000sl.
this last one said 24%. 3500sl

When they finally get to 19.99% I'll jump on it.

Re: Amex applications

youngandcreditwrthy — Fri, 12 Apr 2024 02:47:00 GMT

shouldnt have any impact but just so you know not all lenders are nice and will tell you what SL and APR.

with Amex anyway, its best to PIF.. even the revolvers unless you have a zero percent promo. Amex hates balance carrying even if they have traditional credit cards.

I really wish every lender that did soft pull pre approvals including SL and APRs.

Good luck! :-)

Re: Amex applications

Barkius — Fri, 12 Apr 2024 17:50:28 GMT

Unfortunately for me Amex has been generous with the cards but stingy with the CLIs.

I have a gold, a BCE, a BBP and a BBC. They will not budge on the $1000 limit on the BCE which has been there for nearly 9 months, even though the two business cards each have limits of about 10 grand 🤔

Re: Amex applications

Snook_on_the_Line — Fri, 12 Apr 2024 20:54:06 GMT

@Barkius wrote:
Unfortunately for me Amex has been generous with the cards but stingy with the CLIs.

I have a gold, a BCE, a BBP and a BBC. They will not budge on the $1000 limit on the BCE which has been there for nearly 9 months, even though the two business cards each have limits of about 10 grand 🤔

that's why I want to wait until the collection falls off. I feel like I'm at the point where I'd be approved but just barely. I'd rather wait for the bump in score next year and then app with Amex. That way I feel like I'd get a better rate and sl. Right now they might stick me with the worst apr and sl they offer and be reluctant to cli/reduce the apr.
my thinking on it at least.

Re: Amex applications

Wu-Credit — Sat, 13 Apr 2024 03:55:17 GMT

@Barkius wrote:
Unfortunately for me Amex has been generous with the cards but stingy with the CLIs.

I have a gold, a BCE, a BBP and a BBC. They will not budge on the $1000 limit on the BCE which has been there for nearly 9 months, even though the two business cards each have limits of about 10 grand 🤔

You can transfer limits when logging in via computer on account services tab. Not sure about business cards to personal though.

Re: Amex applications

NoHardLimits — Sat, 13 Apr 2024 04:04:00 GMT

@Wu-Credit wrote:
@Barkius wrote:
Unfortunately for me Amex has been generous with the cards but stingy with the CLIs.

I have a gold, a BCE, a BBP and a BBC. They will not budge on the $1000 limit on the BCE which has been there for nearly 9 months, even though the two business cards each have limits of about 10 grand 🤔

You can transfer limits when logging in via computer on account services tab. Not sure about business cards to personal though.

Unfortunately, business to personal reallocation is not allowed. All the other combinations (personal to personal, personal to business, business to business) are okay.

Re: Amex applications

SouthJamaica — Sat, 13 Apr 2024 17:40:19 GMT

@Snook_on_the_Line wrote:
So I hit up the Amex website last night and went thru the application because I've read they will approve with just a sp and you can accept or reject the approval. Acceptance obviously would result in a hard pull.

so I figured it couldn't hurt just to see what they're offering and I app'd for the BCE card and they approved prompting me to accept or reject
and I rejected because they didn't tell me the sl or apr

my question is does rejecting the approval hurt my chances of approval with Amex in the future?

I just wanted to see where I currently stand with Amex. I didn't think about the fact that if I reject the approval I might hurt my chances of getting the card in the future.

any insight appreciated

No it would have no effect.

Re: Amex applications

taxi818 — Sun, 14 Apr 2024 02:03:57 GMT

A few years ago started with 2k. I'm sure with in 6 months it was 20k

Re: Amex applications

Godsdaughter — Sun, 14 Apr 2024 13:44:52 GMT

I got pre-qualified (and then approved) for CreditOne Amex through this pre-approval process. I hope for a better shot next time...

Re: Amex applications

Horseshoez — Sun, 14 Apr 2024 14:10:20 GMT

@Godsdaughter wrote:
I got pre-qualified (and then approved) for CreditOne Amex through this pre-approval process. I hope for a better shot next time...

Please understand a CreditOne "AMEX" card is not an American Express card, it is a CreditOne card which happens to the AMEX payment network versus Visa or Mastercard.

Re: Amex applications

Godsdaughter — Sun, 14 Apr 2024 16:02:46 GMT

@Horseshoez wrote:
@Godsdaughter wrote:
I got pre-qualified (and then approved) for CreditOne Amex through this pre-approval process. I hope for a better shot next time...
Please understand a CreditOne "AMEX" card is not an American Express card, it is a CreditOne card which happens to the AMEX payment network versus Visa or Mastercard.

I do....I do understand that (was simultaneously trying to achieve 5-posts so I can rank high enough to have a signature...😆)

Re: Amex applications

Friendlyfranknbeans — Mon, 15 Apr 2024 03:14:42 GMT

Creditone basically gives cards away.

Re: Amex applications

FicoMike0 — Mon, 15 Apr 2024 03:24:06 GMT

Do they pay a sub? I'm into big subs. Ohio class are big subs, aren't they?

Re: Amex applications

FicoMike0 — Mon, 15 Apr 2024 03:28:34 GMT

@Horseshoez I was in Macy's the other day (it was raining outside). I noticed they have an amex card, is it real or Memorex? Btw, it looked like a good place to open a store. Lots of merch, good parking, even nice looking staff, just needed customers.

Re: Amex applications

FicoMike0 — Mon, 15 Apr 2024 03:42:32 GMT

When I was at Ohio state, we used to have submarine races on the banks of the olentangy.

Re: Amex applications

Horseshoez — Mon, 15 Apr 2024 04:13:15 GMT

@FicoMike0 wrote:
@Horseshoez I was in Macy's the other day (it was raining outside). I noticed they have an amex card, is it real or Memorex? Btw, it looked like a good place to open a store. Lots of merch, good parking, even nice looking staff, just needed customers.

Memorex. The way to determine if a card with the AMEX logo is real is to look at American Express's web site, if it ain't there, it ain't real.

Personally I'm more of a fan of the LA class of subs.