topic Re: AMEX in Credit Cards

AMEX

tendertan — Mon, 05 Jan 2015 09:01:34 GMT

Still curious about my dream card Amex. For future reference, what will be the minimum score when apping? Second is inquiries are a factor? Last question, is what Credit Bureau are they pulling? All responses are greatly appreciated.

Re: AMEX

AzaleaB — Mon, 05 Jan 2015 09:53:13 GMT

@tendertan wrote:
Still curious about my dream card Amex. For future reference, what will be the minimum score when apping? Second is inquiries are a factor? Last question, is what Credit Bureau are they pulling? All responses are greatly appreciated.

It's more than just score, your overall profile is important also - what baddies and if so how recent? Are you applying for a charge or revolver? Some here say that an Amex charge is easier to get than a revolver. Amex pulls EX and may be inquiry sensitive for borderline profiles. You can check the credit pulls database to see the range.

I got my Amex with 661 score on EX, two collections that were close to falling off, 0 INQs, It was the Amex JetBlue card. I was borderline and approved after they triple pulled me.

Re: AMEX

tendertan — Mon, 05 Jan 2015 10:03:05 GMT

Wow, good info. So my fear is inquiries I have 7 yikes! Only one that will fall off this year, and my last app was in Dec. Chase, Walmart, Cap.1 all where approved, and a credit union pulled a hp on me. I didn't app for a card just open up a Checking acct/savings.

Re: AMEX

takeshi74 — Mon, 05 Jan 2015 13:34:15 GMT

@tendertan wrote:
Still curious about my dream card Amex.

AmEx is a creditor. They offer a number of different cards.

@tendertan wrote:
For future reference, what will be the minimum score when apping?

We really don't know. Your best bet is to look at the Credit Pulls Database.

Keep in mind that with anything credit related it's not just a matter of score and if you're going to rely on score you need to ensure that you're referring to scores using the same scoring model as the creditor. You cannot rely on a score generated by one scoring model to determine a score generated by any entirely different scoring model.

@tendertan wrote:
Second is inquiries are a factor?

Yes. All of these are factors as well as income. Inquiries fall under New Credit.

http://www.myfico.com/crediteducation/whatsinyourscore.aspx

Re: AMEX

tendertan — Mon, 05 Jan 2015 14:11:27 GMT

My plan is to wait 6 months then app. My scores should be in the 700's by then. 2 Baddies are getting deleted this month, other one is 2 late payments from Capital One Dec &Jan. I'm still working on doing a second GW to them (never give up). The rest is low balances., but when I make my move I'll do the utilization scale 1-5%. 67,000 my income.Oldest account 8years, the rest are 1st are(2) and the other ones I obtained Nov-Dec14.

Re: AMEX

tendertan — Mon, 05 Jan 2015 14:15:25 GMT

The late payments are from Dec11&Jan12. Also my Scores as of right now with the baddies are EX688, EQ662, TU677

Re: AMEX

CreditCuriosity — Mon, 05 Jan 2015 21:01:18 GMT

With that EX score you would probably be approved now for the ED/Delta or Charge Card... Obviosuly YMMV.. As others stated not score alone but income, DTI ratio and other things, but your scores are deffinetly within the cards mentioned for approval.

Re: AMEX

GetTheFico — Mon, 05 Jan 2015 22:21:14 GMT

Don't know what score is needed but I was declined with a 648 and approved some months later with a 650.

This was for the Delta Gold, I PC'd to the BCE soon after.

Re: AMEX

tendertan — Mon, 05 Jan 2015 23:32:03 GMT

Thank you for all input! I'm gathering all knowledge so when I do app. Hopefully I'll be successful. Last question my income 67,000 is that ok? I was told I shouldn't combine my husband income with mine if we didn't file taxes together.

Re: AMEX

CreditCuriosity — Mon, 05 Jan 2015 23:36:52 GMT

@tendertan wrote:
Thank you for all input! I'm gathering all knowledge so when I do app. Hopefully I'll be successful. Last question my income 67,000 is that ok? I was told I shouldn't combine my husband income with mine if we didn't file taxes together.

That is correct, don't combine your income with Amex.. Not sure about since you file your income together if you can use them together, but regardless your income is way over sufficient.. College student on this site that make 15k-20k have 10k credit lines with AMEX. Just keep in mind what other debts your have meaning DTI (debt) to income ratio.. Obvioiusly if you make 67000 dollars a year but your monthly bills are 4k, then you might have some issues getting approved. Just an example. As long as you have a good DTI ratio, your scores are fine to get you approved as stated for the Delta/ED or any Charge Card (PRG,GREEN) in my opinion. I honestly think you would get approved now, but do it when you feel comfortable.

Re: AMEX

tendertan — Mon, 05 Jan 2015 23:40:28 GMT

Wow thank you for responding, really appreciate that!

Re: AMEX

Anonymous — Mon, 12 Jan 2015 14:58:26 GMT

You can get any AMEX Revolvers at 690-ish but the terms might be bad (low end).

However, we don't know how long to wait for a ''so called dream card'' unless we're really patient till your scores reaches 777 or all the baddies drop off if any.

All the best-!!!

Re: AMEX

Anonymous — Tue, 13 Jan 2015 12:28:30 GMT

@Anonymous wrote:
You can get any AMEX Revolvers at 690-ish but the terms might be bad (low end).

However, we don't know how long to wait for a ''so called dream card'' unless we're really patient till your scores reaches 777 or all the baddies drop off if any.
All the best-!!!

+1 This.

If the OP is just bent on getting an Amex to validate their ascencion back into the world of good credit..I'd suggest that you clean up all baddies from your cr in order to solidify an approval and better terms (interest rate and credit limit).

I am also seeing Amex as a dream card, and for much of why you seem interested in the card. From my observation, a 680 from EX will get you in the door. Income of $67k seems to be more than enough? Minus the factor of your other debts appearing on your cr? As for revolver versus a charge card? That seems to be purely up to you?

And as I post this, my suggestion is to figure out what you wish to do with the card? Having an Amex purely for the name does you NO GOOD! Determine if you plan on burning the strip off the back through swiping it every day for groceries and gas or are you just looking to flash it at dinner with family and friends on occasion to impress those in the know? Pick the card that will actually fit your needs. I was so star struck with the Delta Skymile Card because I like the look (smh) and it is the opinion of many that it is the "easier" card to obtain. But, I began to think, I rarely travel, and having the card really isn't going to be of great benefit! So now, I am thinking about the ED or BCE for my everyday use.

Think it through as opposed to falling in love with a name

Re: AMEX

reso — Thu, 15 Jan 2015 07:12:59 GMT

Actually I recently applied for a AMEX this was maybe my fouth time applying over a span of 1 year... can you tell I wanted one.lol Anyways. They ran Equifax. i have a lot of inquiries I have at least 20 (WOW) I applied for the Delta Gold Amex online and i was APPROVED finally. It was just a 4500 limit. Then I went and applied the next day for a Business Green Charge Amex and guess what it was APPROVED as well. No preset spending limits blah blah....... I just happen to be at my car dealer getting an oil change at Mercedez Benz. They were telling me about a card they offer it's the AMEX mercedez Benz card. Even though i had the 2 approved cards i just knew i would get declined well guess what I applied and was APPROVED with at 7500 limit though.

I just checked my scores my equifax is 670 my trans is 690 and my experian is 685.............

I have lots of credit cards pay a mortgage, car payment ,student loans etc. Normally never late onn any payments..... I actually had a repo on my credit that a recently paid off this year. i cant believe they APPROVED all 3. That was the only credit card I didnt have. I believe after about 60 days I can request limit increases. So i have been using them for everything and making the payment at the end of month. Can't wait to see if they actually raise my limit..

If i can get 3 of them then I know you can get 1 as well!!

@tendertan wrote:
Wow, good info. So my fear is inquiries I have 7 yikes! Only one that will fall off this year, and my last app was in Dec. Chase, Walmart, Cap.1 all where approved, and a credit union pulled a hp on me. I didn't app for a card just open up a Checking acct/savings.

Good Luck!

Re: AMEX

NRB525 — Thu, 15 Jan 2015 14:51:52 GMT

@GetTheFico wrote:
Don't know what score is needed but I was declined with a 648 and approved some months later with a 650.

This was for the Delta Gold, I PC'd to the BCE soon after.

Can you elaborate? Was that a true Product Change from a Delta branded AMEX to the AMEX BCE? Or did you app separately for the BCE and then close the Delta afterward? There is a common (perhaps mis)perception that the Delta-branded AMEX cards cannot be PC out of that set of Delta cards to anything else.

I myself think the Delta cards would not PC to another card type, so a data point that shows they can would change my world view.

Re: AMEX

GetTheFico — Thu, 15 Jan 2015 16:43:09 GMT

@NRB525 wrote:
@GetTheFico wrote:
Don't know what score is needed but I was declined with a 648 and approved some months later with a 650.

This was for the Delta Gold, I PC'd to the BCE soon after.
Can you elaborate? Was that a true Product Change from a Delta branded AMEX to the AMEX BCE? Or did you app separately for the BCE and then close the Delta afterward? There is a common (perhaps mis)perception that the Delta-branded AMEX cards cannot be PC out of that set of Delta cards to anything else.
I myself think the Delta cards would not PC to another card type, so a data point that shows they can would change my world view.

Yes it was a true product change from AmEx Delta Gold to the AmEx BCE. It saved me from having to apply for the BCE. I mentioned in another thread that I PC'd after about a week but it was more like a month. I wanted to make sure the Delta bonus (30K miles) posted to my account first.

I called and asked for a product change and they did it. It was a frontline CSR, I didn't have to be transferred to anyone. I did this a year ago so I'm not sure if they've changed the rules on this.

Re: AMEX

NRB525 — Fri, 16 Jan 2015 05:52:35 GMT

@GetTheFico wrote:
@NRB525 wrote:
@GetTheFico wrote:
Don't know what score is needed but I was declined with a 648 and approved some months later with a 650.

This was for the Delta Gold, I PC'd to the BCE soon after.
Can you elaborate? Was that a true Product Change from a Delta branded AMEX to the AMEX BCE? Or did you app separately for the BCE and then close the Delta afterward? There is a common (perhaps mis)perception that the Delta-branded AMEX cards cannot be PC out of that set of Delta cards to anything else.
I myself think the Delta cards would not PC to another card type, so a data point that shows they can would change my world view.
Yes it was a true product change from AmEx Delta Gold to the AmEx BCE. It saved me from having to apply for the BCE. I mentioned in another thread that I PC'd after about a week but it was more like a month. I wanted to make sure the Delta bonus (30K miles) posted to my account first.

I called and asked for a product change and they did it. It was a frontline CSR, I didn't have to be transferred to anyone. I did this a year ago so I'm not sure if they've changed the rules on this.

Ok, definitely thanks for sharing. It's a common comment that no such PC is likely.

I learned something new today, and even more interesting is taking the miles and running...

Re: AMEX

tendertan — Sun, 25 Jan 2015 23:56:20 GMT

@reso wrote:
Actually I recently applied for a AMEX this was maybe my fouth time applying over a span of 1 year... can you tell I wanted one.lol Anyways. They ran Equifax. i have a lot of inquiries I have at least 20 (WOW) I applied for the Delta Gold Amex online and i was APPROVED finally. It was just a 4500 limit. Then I went and applied the next day for a Business Green Charge Amex and guess what it was APPROVED as well. No preset spending limits blah blah....... I just happen to be at my car dealer getting an oil change at Mercedez Benz. They were telling me about a card they offer it's the AMEX mercedez Benz card. Even though i had the 2 approved cards i just knew i would get declined well guess what I applied and was APPROVED with at 7500 limit though.

I just checked my scores my equifax is 670 my trans is 690 and my experian is 685.............

I have lots of credit cards pay a mortgage, car payment ,student loans etc. Normally never late onn any payments..... I actually had a repo on my credit that a recently paid off this year. i cant believe they APPROVED all 3. That was the only credit card I didnt have. I believe after about 60 days I can request limit increases. So i have been using them for everything and making the payment at the end of month. Can't wait to see if they actually raise my limit..
If i can get 3 of them then I know you can get 1 as well!!
@tendertan wrote:
Wow, good info. So my fear is inquiries I have 7 yikes! Only one that will fall off this year, and my last app was in Dec. Chase, Walmart, Cap.1 all where approved, and a credit union pulled a hp on me. I didn't app for a card just open up a Checking acct/savings.

Good Luck!

Thank You, I decided to wait, I had surgey and I'm off work til March. I'm planning on going for Amex around in Late April. I have utilization now that I'm not proud of, but its nomore than 300, at max on a couple of cards. My taxes come in (yeah I'm expecting a refund "itemizing" Lifesaver) I'm going to pay down my debts so I won't drown during my illness. So far so good, but I'm so scared of failing, but if I can't do nothing else, I'll defintely pay the mininum. But knock on wood I haven't had to do yet, Ive been able to double to triple payments to my cards. But if push come to shove I'll just do the minimum. Hopefully someone can relate.