topic Re: ax pre-qual vs refer a friend in Credit Cards

ax pre-qual vs refer a friend

bourgogne — Fri, 01 Feb 2019 14:41:44 GMT

Hi, TGIF right?!

Example: a pre-approval shows under someones account for a blue cash preferred. a 3rd party referral can happen; 20K using a BGR, 15K using a BBP, etc. my question is will the referral factor in that there is a pre-approval on the account and not do a HP as that is what pre-approvals do with ax or is it the be prepared for a hard-pull anytime sort of deal as one is not actually using the pre-approval.

Thanks!

Re: ax pre-qual vs refer a friend

K-in-Boston — Fri, 01 Feb 2019 17:45:38 GMT

For the past 2 years, it is extremely rare for those who already have existing personal accounts with American Express to receive HPs when applying for additional personal cards - no matter how they apply. And it's not very common when going from personal to business or the other direction. In the past 2 years I've added SPG, Delta Reserve, Delta Platinum SkyMiles, and Delta Platinum SkyMiles Business cards and my last HP from American Express was 17 years ago. SPG from my account, Delta Reserve from a Delta.com link, Platinum SM from my account, and the business one from an email.

Re: ax pre-qual vs refer a friend

bourgogne — Fri, 01 Feb 2019 17:58:16 GMT

@K-in-Boston wrote:
For the past 2 years, it is extremely rare for those who already have existing personal accounts with American Express to receive HPs when applying for additional personal cards - no matter how they apply. And it's not very common when going from personal to business or the other direction. In the past 2 years I've added SPG, Delta Reserve, Delta Platinum SkyMiles, and Delta Platinum SkyMiles Business cards and my last HP from American Express was 17 years ago. SPG from my account, Delta Reserve from a Delta.com link, Platinum SM from my account, and the business one from an email.

excellent, that is sort of what I thought but thanks for the confirmation. another query: when you app with a lender do you zero out all accounts with them or no? the individual in question has an ed @ 0, bce @ $400, bbp @ ~$2K making payments on the 0% promo and a bgr with $0 on it. I would put the bce @ $0 before applying but what are your thoughts? many thanks!

Re: ax pre-qual vs refer a friend

K-in-Boston — Fri, 01 Feb 2019 19:54:15 GMT

It's going to very much depend on that particular credit profile and their relationship with American Express. There's no blanket right or wrong answer here, but generally the lower the balances the better as long as they're not all zero.

Re: ax pre-qual vs refer a friend

bourgogne — Fri, 01 Feb 2019 19:56:01 GMT

@K-in-Boston wrote:
It's going to very much depend on that particular credit profile and their relationship with American Express. There's no blanket right or wrong answer here, but generally the lower the balances the better as long as they're not all zero.

understood, thank you very much. have a nice weekend