topic Re: AMEX Green Charge Card Approval? in Credit Card Applications

AMEX Green Charge Card Approval?

Anonymous — Fri, 26 Jun 2015 16:46:30 GMT

Hi everyone,

I want to apply for the AMEX green charge card.. I have to derogatory accounts that are "charged off paid" (which means I paid the deragotory accounts). Did anyone get approved for an AMEX card of any kind, while having 2 baddies on their credit report?

All answers are appreciated!

Thanks!

Re: AMEX Green Charge Card Approval?

CreditCuriosity — Fri, 26 Jun 2015 16:50:43 GMT

Yes it is possible what is your EXPERIAN Fico score and we can help you out more with you question. That will give us a ball park on whether you have a chance.. Alot more to approval than a score though. Such as other accounts, AAoA, inquiries, income, etc., just to name a few.

Re: AMEX Green Charge Card Approval?

Anonymous — Fri, 26 Jun 2015 16:54:46 GMT

My Experian score is at 632 FICO .. and I have 10 student loans, 27% Utility, 2 deragotories, income of $50k, 1 capital one Platinum at $1500 CL, one store card at $850 CL I have paid all my acounts on time and usually make 3 times the payment when it's needed. My AAoA is 5 years and 2 months. I'm still working on my credit score!! Transunion and Equifax are at 675 FICO.

Re: AMEX Green Charge Card Approval?

CreditCuriosity — Fri, 26 Jun 2015 17:02:40 GMT

Get you Experian score up to around 660-670 FICO range and you should be able to qualify for the Green or PRG or various other Amex Cards. They use Experian for approvals. Try to get your utilization down, not sure why you EQ/TU are in the 675 range and your EXP is that much lower, guessing some of the bad stuff isnt reporting on the Other Bureaus?

Re: AMEX Green Charge Card Approval?

Anonymous — Fri, 26 Jun 2015 17:03:46 GMT

Do you think even with my 2 deragoratory baddies, I will get approved, by the time I reach a Experian FICO score of 680?

Re: AMEX Green Charge Card Approval?

CreditCuriosity — Fri, 26 Jun 2015 17:34:47 GMT

@Anonymous wrote:
Do you think even with my 2 deragoratory baddies, I will get approved, by the time I reach a Experian FICO score of 680?

yes I have over 25k in CL's with Amex and when I got them my score was less than that, granted income played a factor and my whole credit profile, but I had 3 CA's and 1 CO off at time along with lates and all.. First Amex was 1k Dec with Fico 660 score, 2nd was Jan for 10k later increase to 23k by SP CLI (scores around 666) during this and recently got a Hhonors from Amex (scores around 690ish) for another 2k.. My scores are higher now, but the 10k limit was with a Ex Fico of 666 and baddies that I mentioned... Granted they are all pretty well aged(baddies over 4 years old) and I have a thick profile otherwise with cars/houses(perfect payment history) etc that you gotta consider as well and an income of 6 figures.

Re: AMEX Green Charge Card Approval?

ddemari — Fri, 26 Jun 2015 19:18:59 GMT

When I was approved for amex green charge card my experian was low like 645, with a collection from 2008 and a charge off from 2010.

Re: AMEX Green Charge Card Approval?

Anonymous — Fri, 26 Jun 2015 19:56:53 GMT

Thank you for the insite! I will try to apply for the AMEX green when I get my Experican fico score to 715 and pay off half of my student loans... So hopefully by November-December, i will be good to apply and get an approval!

Re: AMEX Green Charge Card Approval?

Anonymous — Fri, 26 Jun 2015 20:02:02 GMT

While EX 715 would be awesome when applying for Amex, you most likely don't need to wait that long. The Amex "charge cards" (Green, Gold, PRG, Plat) are the easiest to be approved for. I'd go for it when you hit 680. If you do wait till you get to 715, than do back to back, charge and credit card, for a single HP. Don't app two charge cards together. Good luck !!!

Re: AMEX Green Charge Card Approval?

Anonymous — Fri, 26 Jun 2015 20:20:31 GMT

do I just asked AMEX to approve me for a charge and credit card at th same time? I didnt know it was possible with just 1 HP

Re: AMEX Green Charge Card Approval?

Anonymous — Fri, 26 Jun 2015 20:36:48 GMT

Amex generally will allow a charge and credit card app same day, do them back to back. Do NOT do credit and credit card back to back. They won't approve two credit card products the same day. I just did this a few weeks ago and the first credit card, Delta PLAT was instantly approved. I immediately appd BCP and got a message saying "we need to speak with you before we can process your app". I called, verified myself, and the girl stated "we cannot process 2 credit cards on the same day. You'll hear back from us in 4 - 5 day's". I kept checking the Amex status webpage everyday after calling and exactly 1 week later, my EX was pulled a second time, and I was approved. Others have stated the same experience.
But, if you go for a charge and credit card back to back, you should be approved for both under a single HP. So I'd definitely go for it.

Re: AMEX Green Charge Card Approval?

Anonymous — Fri, 26 Jun 2015 20:40:02 GMT

The Delta Gold or Plat seem to be the easiest credit cards to be approved for with Amex, being co-branded. The Everyday card is supposed to be the easiest Amex credit card to go for of the Amex brands.

Re: AMEX Green Charge Card Approval?

Anonymous — Fri, 26 Jun 2015 20:51:50 GMT

I hope to reach a fico score of atleast 700 by October... Do you think that is possible.. Right now my experian fico is 632.

Re: AMEX Green Charge Card Approval?

Anonymous — Fri, 26 Jun 2015 21:11:20 GMT

It's definitely possible, but w/o knowing your entire credit bio, it's really tough to accurately say, one way or the other.
For the highest scores, you need to get your UTI below 10%, have only 1 CC report a balance, while the others report 0 BAL. Obviously do not be apping alot as that could lower your scores with INQ's and new accounts. If you have any derogs, try and GW them. Every derog removed will raise your scores, sometimes significantly, by a hundred points or more, especially if it's your last derog reporting, being removed. Without more info about your CR's, it's tough for anyone to accurately guess where you'll be in a few months.

Re: AMEX Green Charge Card Approval?

Anonymous — Fri, 26 Jun 2015 21:13:25 GMT

Oh, just as an example, my EX went from 632 to 790 overnight with the removal of my public records which contain my 2007 CH 7 BK and 2 judgements. I went from declines to approvals overnight. Just giving you my experience with my EX scores.

Re: AMEX Green Charge Card Approval?

Anonymous — Fri, 26 Jun 2015 21:20:31 GMT

The person that I spoke to told me they wont delete is from my credit score.. It'll just shiw up as: charge off paid.

Re: AMEX Green Charge Card Approval?

Anonymous — Fri, 26 Jun 2015 21:22:00 GMT

My derogatory account is for $78 and $188 .. I paid them off already. I was being an irresponsible college student.

Re: AMEX Green Charge Card Approval?

Anonymous — Fri, 26 Jun 2015 21:59:58 GMT

Unfortunately it's a catch 22: lender's won't consider GW account removals unless you pay them in full, but once you pay them in full, there's no incentive for them to remove the account. It's a touchy situation. If you have these accounts PIF, than I'd send them GW letters monthly hoping they finally agree to delete the account. Having these 2 derogs removed, would most likely push your scores over 700, and possibly alot higher if these are your only derogs.

Re: AMEX Green Charge Card Approval?

Anonymous — Fri, 26 Jun 2015 22:44:26 GMT

What do you mean a GW letter? Do I send the letter to the company I paid the charge offs to? Of the credit beureau?

Re: AMEX Green Charge Card Approval?

Anonymous — Fri, 26 Jun 2015 23:08:03 GMT

I went from 645 to 698 in 2 months. Its possible!!