topic Re: Preapproval for AMEX Everyday Preferred & PRG? in Credit Card Applications

Preapproval for AMEX Everyday Preferred & PRG?

Te3030 — Sat, 17 Oct 2015 15:27:58 GMT

Hi,

I have a online preapproval for Amex Everyday Preferred 25,000 bonus points at 12.99% and the Premier Reward Gold 50,000 bonus, not really interested in the PRG due to annual fee. Assuming this offer is legit because it does have the pre screen info box, I know it's not guaranteed. My issue is I think I want the Amex Blue Cash Preferred.

I have no negatives, a couple new cards this year, recent car loan, a lot of inquiries, and my EX fico is only 670. I do want an AMEX, just not sure if I should just app for the BCP, or would the Everyday preferred be a better card?

Re: Preapproval for AMEX Everyday Preferred & PRG?

Anonymous — Sat, 17 Oct 2015 16:04:11 GMT

Both are very good in their own way. Assuming that your spend fits well with the spending categories, it comes down to if you're going to make the EDP your main card to meet the 30 swipes and if you plan to redeem for travel through transferring. If thats the case I would recommend the EDP. Just my two cents

Re: Preapproval for AMEX Everyday Preferred & PRG?

Anonymous — Sat, 17 Oct 2015 17:31:04 GMT

I was in the same boat, I took the ED card, but should have gone for the BC one, even with it not showing, I got the ED with 12.9 and 3500 SSL, less than 3 weeks increased to 7000. So I think I could have gotten the BC if I would have gone for it... IMHO....

Re: Preapproval for AMEX Everyday Preferred & PRG?

Anonymous — Sat, 17 Oct 2015 18:51:06 GMT

are you certain your spending warrants BCP over the EDP? Do you use Delta or have the ability to? The EDP becomes a 9%, 6%, 3% card or more pretty quickly.... The BCE had a $500 bonus not that long ago. If you dont fly or have any intentions of it, then dont go for MR. If you vacation even 1 time yearly it can pay off. You should take that PRG when you apply as the AF is waived the first year and you will have $200 in airline gift cards plus 1k in value from MR.

Re: Preapproval for AMEX Everyday Preferred & PRG?

Anonymous — Sat, 17 Oct 2015 20:50:05 GMT

With no negatives, what is causing your score of 670? Is your utilization high?

Re: Preapproval for AMEX Everyday Preferred & PRG?

Te3030 — Sat, 17 Oct 2015 23:06:44 GMT

@Anonymous wrote:
With no negatives, what is causing your score of 670? Is your utilization high?

My Ex score was 690 a few weeks ago, but once the $28k car loan reported my score dropped 14pts, my overal UTI is 16%, but when I used 2 cards that were at 0, I saw a few more points drop, I also opened a discover not long ago.

I did apply for the Amex Everyday, but was declined. Oddly, this happened last month as well with Barclays arrival, I was prequalified with an intereste rate and still declined, recon unsuccessful. I know longer trust to apply anymore with prequalify, I really thought AMEX was solid because I saw the prescreen box and all. Oh well, I need to garden anyways.

Re: Preapproval for AMEX Everyday Preferred & PRG?

Anonymous — Sun, 18 Oct 2015 00:50:18 GMT

Darn I'm sorry to hear that you were declined OP. I know preapprovals aren't guaranteed but d*mn... *stomps foot* it's just not cool.

Don't let it get you down. Just continue using the cards you have now & keep util low. You'll see those scores go right back up.

Re: Preapproval for AMEX Everyday Preferred & PRG?

Anonymous — Sun, 18 Oct 2015 12:59:23 GMT

I got the BCE with scores similar to yours. Didn't go after the cards with the annual fee cause I didn't know if my usage would justify getting the card. I have the ED and BCE and I use the BCE more. I don't know that I would have qualified for the BCP with my scores to be honest, so don't know what to say about apping for it. If you were turned down for the ED, I might wait a few months then try again. How many inquiries to do you have? That might affect you approval odds. Good luck.