topic Re: AMEX Pre-Qualification Reliability in Credit Cards

AMEX Pre-Qualification Reliability

Anonymous — Mon, 01 May 2017 19:56:55 GMT

Hi Everyone!

I am now getting pre-qualified online for the BCE and ED cards at 17.74% APR. I am still waiting until I get a CLI with Cap1 before apping for Platinum and then BCE (2 months from now); however, I still would like to know how solid these pre-quals are.

Here are my stats, if anyone has similar advice or experiences please share!:

AAoA: 6 mo, oldest account 11 mo and newest 4 mo

CL: $1,300 + $3,500 (AU) = $4,800

Utlization: 1%

Let me know! Thanks!

Re: AMEX Pre-Qualification Reliability

Anonymous — Mon, 01 May 2017 19:59:35 GMT

Seems that recently those are very solid pre-quals ... I was approved two weeks ago for a BCE with a $2K SL and that same exact APR.

Given your current numbers, I'd go for it

Re: AMEX Pre-Qualification Reliability

Anonymous — Mon, 01 May 2017 20:00:30 GMT

They're not 100% I got denied once with RSVP code and once online pre qualification until my approval. They do not like many recent inquiries that's for sure! Give it a shot!

Re: AMEX Pre-Qualification Reliability

simplynoir — Mon, 01 May 2017 20:06:15 GMT

AMEX prequals are pretty solid especially if they give specific APRs to go along with their offers. As always there's always that chance for a denial but odds look for you.

Re: AMEX Pre-Qualification Reliability

happypill — Mon, 01 May 2017 20:20:42 GMT

Historically, I believe the Amex prequalify has been very reliable, however I was just denied this morning. I was also prequalified for the BCE and ED cards, and had a fixed rate.

My history is that I had a chargeoff with Amex about 9 years ago. I have never had anything show up on their prequal, and when I've applied have always been declined without a HP. A couple of weeks ago i started seeing prequal for those two cards and this morning I pulled the trigger. Delinced, due to previous relationship. So, I'm still not off their BL.

For me at least, the prequals almost seem like a glitch in the system. In the past, it seems their system recognized I was on the BL and never showed anything. I was very surprised when something actually showed up, but it looks like it was just a change in their system rather than actually coming off the BL.

So, if you have negative history with Amex I would be a little wary about the prequal. If you don't have anything like that, it's probably still pretty reliable.

Re: AMEX Pre-Qualification Reliability

Anonymous — Mon, 01 May 2017 20:46:13 GMT

I had the same apr rate this morning when I applied and I got a real good SL. Usually solid apr rates on prequalified offers are a good sign.

Re: AMEX Pre-Qualification Reliability

Anonymous — Mon, 01 May 2017 22:44:53 GMT

I pre qualified for the bce and everyday with fixed rate. Based on others success if you get pre qualified with a fixed rate, i went for it. Apped for bce and was denied. Based on the current state of my profile, i was surprised I was even pre qualified for anything.

Re: AMEX Pre-Qualification Reliability

Anonymous — Mon, 01 May 2017 23:12:39 GMT

I would say they are fairly solid, especially for profiles without negatives. I had a gotten a similar prequal for the BCE at 17.49% . I also had a fairly thin file, with AAoA 8 months, oldest account 12 months, with a total of 3500 in CL across 2 cards. I ended up getting an instant approval with a 10k SL, on a 30k salary. I would say you can go for it.

Re: AMEX Pre-Qualification Reliability

GatorsFan84 — Mon, 01 May 2017 23:31:00 GMT

My wife and I were just discharged in Aug 2016 and we burned amex in BK for a good amount. In Feb 2017 their pre-qual showed my wife approved for the blue cash card. I was like no way so I had to apply to see. App was sent to further processing and then denied. I recon'd and it took 4 weeks to come back with an answer that was NO lol...

Re: AMEX Pre-Qualification Reliability

Anonymous — Mon, 01 May 2017 23:51:35 GMT

last year it showed one for me applyed and got instant approval, was shocked honestly

Re: AMEX Pre-Qualification Reliability

Anonymous — Tue, 02 May 2017 00:01:08 GMT

From a prequalification offer, I had the same interest rate as the original poster with a credit limit that matched my highest existing card limit.

Re: AMEX Pre-Qualification Reliability

Anonymous — Tue, 02 May 2017 00:55:56 GMT

Good to know! Sounds pretty solid and I'll app come July when my oldest hits 12 mo and my credit steps kicks in on my Cap1.

I have 3 INQ on EX, which isn't amazing, but not terrible.

Separate question that may merit a separate post...but has anyone apped for a charge then revolver same day and NOT get a combined 1 INQ? I am not sure if I want two inquries, if I am only expecting one.

Re: AMEX Pre-Qualification Reliability

Anonymous — Tue, 02 May 2017 02:01:50 GMT

I did the prequal app a couple of weeks ago, and it returned with 2 cards (don't remember what they were). I just picked the first one and applied...got denied. P$&@?! me off for wasting my time, and wasting a hard pull. My scores are mid 600's.