topic Re: Amex advice in Credit Cards

Amex advice

Anonymous — Thu, 21 Sep 2017 23:55:09 GMT

I'm a rebuild error who still has a long way to go, all scores 648 to 655 ex to eq.

I went on the Amex pre-qual site today and all I qualify for is the green or gold card. I really want the bce. I still have negatives on my reports BTW. How accurate is the pre-qual for Amex? Should I take what I can get to get my foot in the door or should I just wait until my scores are better?
Any advice is welcomed. Dv

Re: Amex advice

Anonymous — Fri, 22 Sep 2017 00:02:30 GMT

Hi DV....can you refresh my memory...any BK?

My scores are higher but I have a BK on file. When I pre-qual, I had the PRG, BCE, ED and Plat. I wanted the SPG. To play it safe, I got the ED. Then I thought, I should get what I want, so apped and got the SPG, a few days later.

Im not sure of the difference in UW in the charge and cc, or I would say just apply for what you really want.

Re: Amex advice

Anonymous — Fri, 22 Sep 2017 00:18:57 GMT

No bk, I really want the bce but don't want to waste a hp. Thanks for the response. Dv

Re: Amex advice

Anonymous — Fri, 22 Sep 2017 00:25:32 GMT

@Anonymous wrote:
No bk, I really want the bce but don't want to waste a hp. Thanks for the response. Dv

Even if the BCE showed as being prequalified, there would be no guarantee of an approval. At some point if you want the card then you'll have to take a chance and apply. A HP really isnt that big of a deal and the effects of it on your score are minimal. You're likely to lose more points by opening a new account if you were approved than anything from the HP. Good luck if do you apply.

Re: Amex advice

Anonymous — Fri, 22 Sep 2017 01:51:03 GMT

Okay thank you for the advice. Dv

Re: Amex advice

Anonymous — Fri, 22 Sep 2017 02:35:48 GMT

The underwriting for the revolvers are a lot higher then the charge cards. You scores are boarder line i would say. Why not get the PRG and build a relationship with Amex then apply for the revolver. The PRG is free for the first year.

Re: Amex advice

Anonymous — Fri, 22 Sep 2017 03:04:16 GMT

@Anonymous wrote:
I'm a rebuild error who still has a long way to go, all scores 648 to 655 ex to eq.

I went on the Amex pre-qual site today and all I qualify for is the green or gold card. I really want the bce. I still have negatives on my reports BTW. How accurate is the pre-qual for Amex? Should I take what I can get to get my foot in the door or should I just wait until my scores are better?
Any advice is welcomed. Dv

Open up the Green or the Gold first because of it's lower underwriting criteria.

Once you're an AMEX customer (you would be after approval) they'll soft pull you for the BCE app.

Re: Amex advice

xenon3030 — Fri, 22 Sep 2017 03:28:36 GMT

I think, this is not the case and applying for any AMEX card requires a HP, even if for a current customer of AMEX.

This was at least the case for me. I had BCE and for Gold and other AMEX cards, HP was used. I got Gold but not approved for AMEX Macy's.

Re: Amex advice

Anonymous — Fri, 22 Sep 2017 03:31:11 GMT

It's only a HP if approved. And sometimes if you have been with them a while not even then. It's a SP if denied.

Re: Amex advice

xenon3030 — Fri, 22 Sep 2017 03:33:04 GMT

Nope. My AMEX Macy's was denial and it was a HP.

Re: Amex advice

drboxing — Fri, 22 Sep 2017 03:33:17 GMT

It's hard to figure Amex approval process. I've read of those who have BK on file getting approved. I've had Amex in the past (2007) and was recently approved for Delta Gold yet was declined for Green charge card. I've read of those with a better credit score get denied by Amex.

Re: Amex advice

Anonymous — Fri, 22 Sep 2017 03:38:06 GMT

I was only showing the Green Card on pre-approvals and I got the BCE, the PRG, the Platinum and the SPG. They seem more than willing to give you cards. A lot of people pick up a charge card and a credit card on the same day as you won't get a second hard pull.

Re: Amex advice

Anonymous — Fri, 22 Sep 2017 03:38:44 GMT

That's because that card is just cleared through Amex. I am referring to the cards you apply for on the Amex website.

Re: Amex advice

xenon3030 — Fri, 22 Sep 2017 03:44:46 GMT

AMEX Gold application is via AMEX website directly. I am checking my EX report and I see a HP regarding AMEX Gold card application. Your comment is incorrect on HP.

Re: Amex advice

Anonymous — Fri, 22 Sep 2017 03:51:47 GMT

@xenon3030 wrote:
AMEX Gold application is via AMEX website directly. I am checking my EX report and I see a HP regarding AMEX Gold card application. Your comment is incorrect on HP.

So which was it? Last post you said AMEX Macy's now its AMEX Gold so make up your mind. It is will documented on here that current Amex card holders is a SP for denial and HP if approved. The Macy's is not applyed for on the Amex website so it is probaby going to be a HP regardless.

Re: Amex advice

xenon3030 — Fri, 22 Sep 2017 04:08:18 GMT

I said AMEX Gold was approved but AMEX Macy's was denial. Applied for each in different months and both had HP.

I did not have a denied application via AMEX website to see whether it would be SP or HP. Anyway, I also had a denied Disocver application via Discover website and it was SP. Therefore, SP for denied applications might be the case...

Re: Amex advice

Anonymous — Fri, 22 Sep 2017 04:13:28 GMT

@xenon3030 wrote:
I said AMEX Gold was approved but AMEX Macy's was denial. Applied for each in different months and both had HP.

I did not have a denied application via AMEX website to see whether it would be SP or HP. Anyway, I also had a denied Disocver application via Discover website and it was SP. Therefore, SP for denied applications might be the case...

That makes more sense why they are both HP. The Macy's because it's just on the Amex network not an Amex card and the Gold because it was approved.

Re: Amex advice

Anonymous — Fri, 22 Sep 2017 04:27:09 GMT

@xenon3030 wrote:
I think, this is not the case and applying for any AMEX card requires a HP, even if for a current customer of AMEX.

This was at least the case for me. I had BCE and for Gold and other AMEX cards, HP was used. I got Gold but not approved for AMEX Macy's.

Then you're an exception. Could have something to do with your card not even being listed on AMEX's site.

It is well known around here and Flyertalk that an AMEX denial after you're an established customer is a soft pull. Lately I've been hearing about soft pull approvals too, and I can likely vouch for those people because when I applied for my Hilton Honors card a couple of months ago, it did not result in a HP.

Let the OP take the well known advice from the majority, not the very few exceptions.

Let me add that two applications in one day won't result in two hard pulls either. Will the BCE be manually reviewed if you're approved for the Green or PRG right before it? Most likely, but it's a soft pull based on information from the first application's hard pull.

Re: Amex advice

MrDisco99 — Fri, 22 Sep 2017 05:09:32 GMT

I took a HP back in April when I got the BCE. Since then I got EDP, PRG, and green on the same day, and then a Hilton card a few weeks later and didn't get a HP for any of those.

Re: Amex advice

Anonymous — Fri, 22 Sep 2017 15:16:08 GMT

I believe the Macy's AMEX is issued by Citi and not by AMEX directly. Which makes sense why you still got the hardpull for it, being that the issuer is a different bank