topic Re: AMEX question in Credit Cards

AMEX question

Anonymous — Thu, 26 Oct 2017 03:18:46 GMT

Hello All!!

I'm in my rebuild and just wanted to know what scores did you all have when you finally got approved? I know I'm a long way before I get there but just want some background info.

Thanks!

Re: AMEX question

Anonymous — Thu, 26 Oct 2017 03:30:56 GMT

I'm not sure my DP's are much help to you, but I was first approved for Amex ED $2000 SL 24.99% APR, with AAoA <1yr, 680 Fico, Util 30%, no bad marks. I've since increased CL to $6,000 via the typical 61 Day 3X CLI method, and will be requesting an APR reduction when the 0% promotion ends.

Re: AMEX question

Anonymous — Thu, 26 Oct 2017 03:32:50 GMT

@DontMindMe thank you! I'm open to all information as I know each person's approval varies but just want to see that way I know what my target area should be.

Re: AMEX question

Anonymous — Thu, 26 Oct 2017 03:41:31 GMT

@DontMindMe how many tradelines did you have before you got your amex card

Re: AMEX question

Anonymous — Thu, 26 Oct 2017 03:42:07 GMT

@Anonymous wrote:
@Anonymous thank you! I'm open to all information as I know each person's approval varies but just want to see that way I know what my target area should be.

No problem. I'm a big proponent of the idea that there's no such thing as too much information. My circumstances were unique in that I had a ~relatively high credit score, but my portfolio was, and is, paper thin. From my understanding Amex is known to be generous to those with younger portfolios, but I'm not sure how their feelings are towards those rebuilding.

Re: AMEX question

Anonymous — Thu, 26 Oct 2017 03:44:11 GMT

@Anonymous wrote:
@Anonymous how many tradelines did you have before you got your amex card

1 account: BOA Cash Rewards. Age of account when I appplied for Amex was just shy of a year I believe. No missed payments, util ranging from 0-90% but always paid down to <30%. I had a prior relationship with BOA which is how I was approved for my first card (in branch).

Re: AMEX question

Anonymous — Thu, 26 Oct 2017 04:15:47 GMT

Ohh ok what was your credit limit on your BOA card?

Re: AMEX question

Anonymous — Thu, 26 Oct 2017 06:34:02 GMT

@Anonymous wrote:
Ohh ok what was your credit limit on your BOA card?

It started at $1500 and has moved up over the course of 4 CLI requests (4 successful) to $6000.

Re: AMEX question

Anonymous — Thu, 26 Oct 2017 07:27:53 GMT

@Anonymous wrote:
Hello All!!

I'm in my rebuild and just wanted to know what scores did you all have when you finally got approved? I know I'm a long way before I get there but just want some background info.

Thanks!

It depends on what card you want plus your credit profile. The score they pull is based off Experian 8, so find the model that matches exactly that and you'll know what score AMEX will pull when you apply for one of their cards.

I would suggest having at least one year of credit history, less than 30% utilization, and having a net worth helps you more than your income really. Don't worry about inquriies, AMEX doesn't seem to care.

Re: AMEX question

Anonymous — Thu, 26 Oct 2017 15:00:05 GMT

I believe low end scores start around 650 to 660. DW was approved with 720 score 12 other cards for $15K. We raised to 20K and that is all we want. Now for me 705 score 5 cards $1.5 limit. Dw interest rate is 13.xx mine I think is 18.xx I have not figured this out but perhaps they associate me with a biz I sold and the new owners tried to burn Amex and I had to pay it even though it was not my bill. That was so much fun.

Re: AMEX question

Anonymous — Thu, 26 Oct 2017 15:39:13 GMT

Hi TamDom! BK7 discharged Nov-15, and I waited 6 months before starting my rebuild.

Date	EQ Alert	EQ Score	TU Alert	TU Score	EX Alert	EX Score	My Action
May-16					Hardpull CredOne	Unk	App for CreditOne/Approved SL $400
May-16							CLI CreditOne $200/Total SL $600
Jun-16	Hardpull Cap1	Unk	Hardpull Cap1	Unk	Hardpull Cap1	Unk	App for Capital One/Approved SL $3000
Jun-16	(Baseline-0 Accounts)	632	(Baseline-0 Accounts)	576	(Baseline-O Accounts)	619	Began MyFICO 3B Monitoring
Jun-16	Added Acct-CredOne	665
Jul-16			Bankcard Bal $256 Cap1	603	Added Acct-Cap1	668
Jul-16	Added Acct-Cap1	659			Hardpull Disco	668	App for Discover It/Approved SL $1000
Jul-16	Hardpull Disco	657
Jul-16							SCT (softpull) for Victoria's Secret/Approved SL $500
Jul-16			Hardpull NFL	603		665	App for NFL Extra Points/Approved SL $3500

Re: AMEX question

Anonymous — Thu, 26 Oct 2017 19:05:12 GMT

Happy to share my approval data points, I approved for Amex BCE on Aug 4th when I was (and still am) approaching the competition of my rebuild. The text below is from my approval post - the Amex card was the second of 3 cards approved the same day.

"My fico8 scores & credit profile at time of application: EQ 676 TU 648 EX 668, utilization below 5% across 4 cards with total CL of $15480, aaoa 5yrs (7 on TU), 1 inquiry & 3 baddies all medical collections I had ignored but recently pif & reported paid-closed. No late payments on existing open accounts. 2 closed cards, 1 at my request & one by creditor Cap1 with late payment 90 days. Before applying all my cards had started life as $1k and below limited secured or starter cards with low-mid 20% aprs that had be auto & requested CLI'd a few times over the years to a max CL of $6500."

Amex approved me instantly for BCE with a $5k SL. I waited the 61 days per the 3x CLI thread and 2 weeks ago requested & approved for the full 3x bringing my card up to $15k. Hope this helps - as some people here could tell you you can count on me to provide walls and walls of data and shared experiences

Re: AMEX question

Anonymous — Thu, 26 Oct 2017 20:06:27 GMT

@mountaindewvoltage I'm working towards the BCE as I like what offers in top of I'm at the grocery store at least 3 times a week. From what I've seen is they seem to like scores around 650 and up. So I have some work to do.

Re: AMEX question

Anonymous — Thu, 26 Oct 2017 20:08:03 GMT

@Bella007 thank you for this. I'm 3 months into my rebuild. Once I get a few more baddies off my reports I hope by early mid 2018 I'll be pre-approved.

Re: AMEX question

Anonymous — Thu, 26 Oct 2017 20:10:49 GMT

@SlightlyRemoved thank you for sharing. So AMEX pulls EX or EQ or does it depend? My others move up with no problem but EQ is a thorn in my side. Hoping in 6 months or so it finally starts moving .

Re: AMEX question

Anonymous — Thu, 26 Oct 2017 22:39:55 GMT

I got my BCE with a 630, 2 collections (medical), 3 other lines of credit. one line being 2 years old.

I started with a 500 SL though and normal high APR like 23%.

Once I removed the collections I was offered the PRG and platinum. I took the Gold Card.

I do have 100% payment history. A plus I think AMEX appreciates.

Re: AMEX question

Anonymous — Fri, 27 Oct 2017 02:03:09 GMT

Thank you!! Wow! I haven't seen 630 and getting approved. That's awesome!! I'm hoping next year I can report I've made it in even if it's just a foot in that's all I need.

Re: AMEX question

Anonymous — Fri, 27 Oct 2017 02:20:18 GMT

Not sure exactly (they do not seem to tell you the score they pulled) but I think I applied for my Discover IT on the same evening. The score Discover said they pulled was Exp 665.

I had a few years of good history with Capital One Platinum when I applied.

Re: AMEX question

Anonymous — Fri, 27 Oct 2017 02:26:29 GMT

@Workin4AbetterFICO thank you! Also the cards in your signature are exactly what I want to achieve!

Re: AMEX question

Anonymous — Fri, 27 Oct 2017 08:24:14 GMT

@Anonymous wrote:
@Anonymous I'm working towards the BCE as I like what offers in top of I'm at the grocery store at least 3 times a week. From what I've seen is they seem to like scores around 650 and up. So I have some work to do.

If you spend over $70 a week at the grocery store, skip the Everyday and apply for the Blue Cash Preferred. Not sure why people even bother with the Everyday unless it's a sock drawer filler... You can get the BoA Cash Rewards and you're not limited to slow, limited cash redemption options and it's a Visa/Visa Signature.