topic Hi...New and Need Some Advice in Credit Card Applications

Hi...New and Need Some Advice

Anonymous — Sun, 23 Aug 2015 02:54:12 GMT

Hi guys! New here to the forum, and want to say hello! Also need some advice about Amex's pre-qualified link on their site-specifically, how accurate is it? When I input my info, Blue Cash Everyday, Gold Card (charge), and Platinum Card (charge) appear. My AAoC is about 2 years and my EX score is 681. TU is 753. No negatives. Utilization is about 32% because of where I am in cycle and recent purchases made. My income is about $99k per year. Do I tand a chance of approval for the BCE? I really wantto getmy foot n the door with Amex-- Thanks in advance for your input.

Re: Hi...New and Need Some Advice

bestchoiceglobal — Sun, 23 Aug 2015 03:57:43 GMT

From everything I've heard, their prequal is pretty accurate. I don't have AMEX so I'd wait for others to chime in. Good Luck!

Re: Hi...New and Need Some Advice

taxi818 — Sun, 23 Aug 2015 04:29:19 GMT

@Anonymous wrote:
Hi guys! New here to the forum, and want to say hello! Also need some advice about Amex's pre-qualified link on their site-specifically, how accurate is it? When I input my info, Blue Cash Everyday, Gold Card (charge), and Platinum Card (charge) appear. My AAoC is about 2 years and my EX score is 681. TU is 753. No negatives. Utilization is about 32% because of where I am in cycle and recent purchases made. My income is about $99k per year. Do I tand a chance of approval for the BCE? I really wantto getmy foot n the door with Amex-- Thanks in advance for your input.

Yes. it is pretty accurate. But keep in mind. Most of the charge cards you mentioned. They all have basically the Same UW> Amex only pulls EX so does not matter what your TU score is. Why is your Ex only 681 with no negatives? something is holding it down. 681 would get you approved. not sure if for the BCE. But it would be close depending on what is holding score down. Actually i would get my Utilization below 30% for best results. What i mean is for higher Starting Limit and better Apr% after promo. Edit if you look at my scores as well. My Ex and EQ are much lower. But based on inquiries from those two bureaus. So may be the same with you. I also have no negatives at all.

Re: Hi...New and Need Some Advice

Anonymous — Sun, 23 Aug 2015 04:52:47 GMT

Hi Taxi. Thanks for the input. I do have quite a few inquiries over the lat 24 months--about 12 for EX, 3 in the last year. I never really used credit cards before; I only had one card and paid cash for everything-cars, tuition--everything. I am figuring my aaoc is factoring in as well as my inquiries. I have the inquiries ironically because of advice from my financial consultant to increase my credit portfolio substantially. :/

Re: Hi...New and Need Some Advice

taxi818 — Sun, 23 Aug 2015 04:57:55 GMT

@Anonymous wrote:
Hi Taxi. Thanks for the input. I do have quite a few inquiries over the lat 24 months--about 12 for EX, 3 in the last year. I never really used credit cards before; I only had one card and paid cash for everything-cars, tuition--everything. I am figuring my aaoc is factoring in as well as my inquiries. I have the inquiries ironically because of advice from my financial consultant to increase my credit portfolio substantially. :/

Dont worry of those inquiries. They are only going to look at how many in the last 6 months. Anything older than that is ok.

As you see i have 18 on Ex but i only have 3 in the last 6 months like you. when i got my 2 Amex cards i had like 11 inquiries. Was not an issue. My AAoA is still very low. only 1 year now. oldest account is 2 years old. Ive had both my Amex cards a year now to give you an idea. You would be fine. Amex loves those This and clean files. Just choose your card and go.

Re: Hi...New and Need Some Advice

Anonymous — Mon, 24 Aug 2015 23:23:50 GMT

@Anonymous wrote:
Hi guys! New here to the forum, and want to say hello! Also need some advice about Amex's pre-qualified link on their site-specifically, how accurate is it? When I input my info, Blue Cash Everyday, Gold Card (charge), and Platinum Card (charge) appear. My AAoC is about 2 years and my EX score is 681. TU is 753. No negatives. Utilization is about 32% because of where I am in cycle and recent purchases made. My income is about $99k per year. Do I tand a chance of approval for the BCE? I really wantto getmy foot n the door with Amex-- Thanks in advance for your input.

im sure it lists a specific APR and if so you are good to go.

I would STRONGLY encourage you to grab 2 cards for 1 inquiry. After you apply for the BCE, private browser google Amex PRG 50k. Apply for that, you will have to call in probably to verify due to security measures. Then spend a grand in 3 months and you will have 50k MR points, 2 $50 airline gift cards, then after jan 1 2 more $50 gift cards. Those 50k points can be transferred directly to Delta and thats enough for 2 roundtrip tickets in the US. Basically you have enough for 3 flights with this deal. Then at 51 weeks go for a retention offer to circumvent $195 annual fee, and if they dont give you a deal, downgrade the card to a cheaper one. Then you will earn cash back or points on gas, groceries, department stores, and restaurants...

also too with your high utilization you can worry less about how much reports because the PRG is a charge card (pay off monthly). I put my property taxes on it!

Re: Hi...New and Need Some Advice

Anonymous — Wed, 26 Aug 2015 02:44:18 GMT

@Anonymous wrote:
@Anonymous wrote:
Hi guys! New here to the forum, and want to say hello! Also need some advice about Amex's pre-qualified link on their site-specifically, how accurate is it? When I input my info, Blue Cash Everyday, Gold Card (charge), and Platinum Card (charge) appear. My AAoC is about 2 years and my EX score is 681. TU is 753. No negatives. Utilization is about 32% because of where I am in cycle and recent purchases made. My income is about $99k per year. Do I tand a chance of approval for the BCE? I really wantto getmy foot n the door with Amex-- Thanks in advance for your input.
im sure it lists a specific APR and if so you are good to go.

I would STRONGLY encourage you to grab 2 cards for 1 inquiry. After you apply for the BCE, private browser google Amex PRG 50k. Apply for that, you will have to call in probably to verify due to security measures. Then spend a grand in 3 months and you will have 50k MR points, 2 $50 airline gift cards, then after jan 1 2 more $50 gift cards. Those 50k points can be transferred directly to Delta and thats enough for 2 roundtrip tickets in the US. Basically you have enough for 3 flights with this deal. Then at 51 weeks go for a retention offer to circumvent $195 annual fee, and if they dont give you a deal, downgrade the card to a cheaper one. Then you will earn cash back or points on gas, groceries, department stores, and restaurants...

also too with your high utilization you can worry less about how much reports because the PRG is a charge card (pay off monthly). I put my property taxes on it!

The APR listed was a parameter, not a specific APR percecentage...still say go...or no go?

Re: Hi...New and Need Some Advice

Anonymous — Wed, 26 Aug 2015 02:45:59 GMT

@Anonymous wrote:
@Anonymous wrote:
Hi guys! New here to the forum, and want to say hello! Also need some advice about Amex's pre-qualified link on their site-specifically, how accurate is it? When I input my info, Blue Cash Everyday, Gold Card (charge), and Platinum Card (charge) appear. My AAoC is about 2 years and my EX score is 681. TU is 753. No negatives. Utilization is about 32% because of where I am in cycle and recent purchases made. My income is about $99k per year. Do I tand a chance of approval for the BCE? I really wantto getmy foot n the door with Amex-- Thanks in advance for your input.
im sure it lists a specific APR and if so you are good to go.

I would STRONGLY encourage you to grab 2 cards for 1 inquiry. After you apply for the BCE, private browser google Amex PRG 50k. Apply for that, you will have to call in probably to verify due to security measures. Then spend a grand in 3 months and you will have 50k MR points, 2 $50 airline gift cards, then after jan 1 2 more $50 gift cards. Those 50k points can be transferred directly to Delta and thats enough for 2 roundtrip tickets in the US. Basically you have enough for 3 flights with this deal. Then at 51 weeks go for a retention offer to circumvent $195 annual fee, and if they dont give you a deal, downgrade the card to a cheaper one. Then you will earn cash back or points on gas, groceries, department stores, and restaurants...

also too with your high utilization you can worry less about how much reports because the PRG is a charge card (pay off monthly). I put my property taxes on it!

I wanted to ask, too, if it may be better to try for the Delta Rewards Amex ---which I can also use.

Re: Hi...New and Need Some Advice

Anonymous — Wed, 26 Aug 2015 04:32:11 GMT

I say go for it.

Re: Hi...New and Need Some Advice

Anonymous — Wed, 26 Aug 2015 04:49:42 GMT

@Anonymous wrote:
I say go for it.

You think, JustMe3? Even with my 31% util? That is what is making me hesitate-- Would love to hear more thoughts

Re: Hi...New and Need Some Advice

Anonymous — Wed, 26 Aug 2015 04:55:36 GMT

@Anonymous wrote:
@Anonymous wrote:
I say go for it.
You think, JustMe3? Even with my 31% util? That is what is making me hesitate-- Would love to hear more thoughts

Yes even with your util. When I was approved for their Everyday card I had 45% overall util (70% util on one card) and a EX score in the mid-600s. I also had 2 unpaid collections and multiple lates showing.

Edit: Also, I was not pre-qualified on their site but app'd anyway

Re: Hi...New and Need Some Advice

Anonymous — Wed, 26 Aug 2015 05:18:52 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
I say go for it.
You think, JustMe3? Even with my 31% util? That is what is making me hesitate-- Would love to hear more thoughts
Yes even with your util. When I was approved for their Everyday card I had 45% overall util (70% util on one card) and a EX score in the mid-600s. I also had 2 unpaid collections and multiple lates showing.

Edit: Also, I was not pre-qualified on their site but app'd anyway

What was your AAoC at the time, if you don't mind me asking? Their site shows me pre-qualified for two charge cards (Gold and Platinum) and the Blue Cash Everyday (BCE does not specify APR). but undecided between the BCE and Delta. I can use both, but primarily I want an in with amex. Ugh, I am too old for this #@@#

Re: Hi...New and Need Some Advice

Anonymous — Wed, 26 Aug 2015 05:17:20 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
I say go for it.
You think, JustMe3? Even with my 31% util? That is what is making me hesitate-- Would love to hear more thoughts
Yes even with your util. When I was approved for their Everyday card I had 45% overall util (70% util on one card) and a EX score in the mid-600s. I also had 2 unpaid collections and multiple lates showing.

Edit: Also, I was not pre-qualified on their site but app'd anyway
What was your AAoC at the time, if you don't mind me asking? Also, their site is showing me pre-qualified for two charge cards (Gold and Platinum) and the Blue Cash Everyday (BCE does not specify APR). Think I should attempt the BCE or Delta? I can use both, but moreover, just want an in with amex. Ugh, I am too old for this #@@#

I think my AAoA was only like 7-8 months at that time. I believe the Delta is easier to get than the BCE, but don't sell yourself short - if you really want the BCE go for it. The fact you're pre-qualified for it is a good sign. If you just want an "in" with Amex, then Delta and ED are easier in my opinion. Go with your gut.

Re: Hi...New and Need Some Advice

Anonymous — Wed, 26 Aug 2015 18:22:03 GMT

Did you app yet?

Re: Hi...New and Need Some Advice

gandhman — Wed, 26 Aug 2015 18:33:01 GMT

I apped for Delta SkyMiles back in february in a very similiar situation. I was issued $3500 CL and CLI'ed 61 days later for 3X to $10500. I say go for it!!! I was at 688 with a few inquiries. Good Luck

Re: Hi...New and Need Some Advice

Anonymous — Thu, 27 Aug 2015 02:04:30 GMT

@Anonymous wrote:
Did you app yet?

Sorry, got sidetracked with work crap last night. Thought about it more, and today I managed to get some CLIs today to pad my utility-- idk why that is nagging at me, but my gut tells me to get utilization down a little. Sooo... I managed to snag an extra $3500on Virgin America Sig Visa, $3800 on Amazon store card, and $2600 Banana Republic Visa!! Now I will practice patience and hang in til those accounts update--- then pull the trigger. I will definitely keep you guys posted. Huge thanks for all your support and guidance!!!

Re: Hi...New and Need Some Advice

Anonymous — Fri, 28 Aug 2015 01:05:31 GMT

@gandhman wrote:
I apped for Delta SkyMiles back in february in a very similiar situation. I was issued $3500 CL and CLI'ed 61 days later for 3X to $10500. I say go for it!!! I was at 688 with a few inquiries. Good Luck

Thank you so much for the encouragement! That is awesome about your CLI!!! As soon as my new SLs update, I am definitely applying!!!!! (I am hearing Rocky theme song in my head hahaa) I will let you know what happens

Re: Hi...New and Need Some Advice

Anonymous — Sat, 29 Aug 2015 00:57:52 GMT

@Anonymous wrote:
@Anonymous wrote:
Hi guys! New here to the forum, and want to say hello! Also need some advice about Amex's pre-qualified link on their site-specifically, how accurate is it? When I input my info, Blue Cash Everyday, Gold Card (charge), and Platinum Card (charge) appear. My AAoC is about 2 years and my EX score is 681. TU is 753. No negatives. Utilization is about 32% because of where I am in cycle and recent purchases made. My income is about $99k per year. Do I tand a chance of approval for the BCE? I really wantto getmy foot n the door with Amex-- Thanks in advance for your input.
im sure it lists a specific APR and if so you are good to go.

I would STRONGLY encourage you to grab 2 cards for 1 inquiry. After you apply for the BCE, private browser google Amex PRG 50k. Apply for that, you will have to call in probably to verify due to security measures. Then spend a grand in 3 months and you will have 50k MR points, 2 $50 airline gift cards, then after jan 1 2 more $50 gift cards. Those 50k points can be transferred directly to Delta and thats enough for 2 roundtrip tickets in the US. Basically you have enough for 3 flights with this deal. Then at 51 weeks go for a retention offer to circumvent $195 annual fee, and if they dont give you a deal, downgrade the card to a cheaper one. Then you will earn cash back or points on gas, groceries, department stores, and restaurants...

also too with your high utilization you can worry less about how much reports because the PRG is a charge card (pay off monthly). I put my property taxes on it!

I planned on waiting for my new limits to report, but my finger is itchy. In case I do app now, in your opinion, shall I try for the PRG 50k first or the Delta card? I am showing pre-qual for the BCE, Gold Card (charge), and Platinum Card (charge). Thanks again

Re: Hi...New and Need Some Advice

Anonymous — Sat, 29 Aug 2015 01:04:17 GMT

@Anonymous wrote:

I planned on waiting for my new limits to report, but my finger is itchy. In case I do app now, in your opinion, shall I try for the PRG 50k first or the Delta card? I am showing pre-qual for the BCE, Gold Card (charge), and Platinum Card (charge). Thanks again

If I'm not mistaken, the Platinum has a 100k offer right now (search the forums here). If you're up for it, that's a really good offer. If not, I would go for the BCE first and then the PRG (unless you really want the Delta).

Re: Hi...New and Need Some Advice

Anonymous — Sat, 29 Aug 2015 01:37:29 GMT

@Anonymous wrote:
@Anonymous wrote:
I planned on waiting for my new limits to report, but my finger is itchy. In case I do app now, in your opinion, shall I try for the PRG 50k first or the Delta card? I am showing pre-qual for the BCE, Gold Card (charge), and Platinum Card (charge). Thanks again
If I'm not mistaken, the Platinum has a 100k offer right now (search the forums here). If you're up for it, that's a really good offer. If not, I would go for the BCE first and then the PRG (unless you really want the Delta).

Wow! That is a good offer!! I will research here on the forum-