topic Re: To those who have AMEX Gold in Credit Cards

To those who have AMEX Gold

Anonymous — Mon, 27 May 2019 19:49:25 GMT

To all of you who have gotten the AMEX Gold, what did you credit report look like when you applied. I'd prefer people who actually got approved respond. My Experian is 729, I have 100% payment history, all my accounts are in good standing, etc., but my average credit age is only 7 months and I'm worried this might hurt me. All thoughts and opinions are welcome!

Re: To those who have AMEX Gold

Anonymous — Mon, 27 May 2019 19:56:33 GMT

I was around 700 when I got mine (I think) with well under 2 years AAoA and a couple of cards < 6 months old. I think you'll be fine.

Are you pre-approved for the card? If you're already an Amex cardholder you can go to the card and click "Apply Now". The text at the top of the page will tell you if you're pre-approved. Either way, pre-approvals from Amex are solid in my experience.

Re: To those who have AMEX Gold

Anonymous — Mon, 27 May 2019 19:59:37 GMT

Well, do you have any existing products with Amex?

Score is one thing but, Amex looks at the complete picture when evaluating their profile. I've had the gold and recently cancelled it but, being an existing member it was a SP approval with a thick profile.

It never hurts more than your ego to apply and potentially get approved though. Once you're in it's easy to pick up other products as you desire.

What's more important than your AAOA is your actual age of credit. If your oldest account is well aged then it's less of a problem than say if all of your accounts were in the past 12 months.

Re: To those who have AMEX Gold

Anonymous — Mon, 27 May 2019 20:07:05 GMT

Are you pre-qualified for the Gold Card on Amex's website?

Amex is amenable to "thin" credit files so its possible to obtain this card if you have at least a 670 Experian FICO 8 score.

Re: To those who have AMEX Gold

wasCB14 — Mon, 27 May 2019 20:19:38 GMT

@Anonymous wrote:
To all of you who have gotten the AMEX Gold, what did you credit report look like when you applied. I'd prefer people who actually got approved respond. My Experian is 729, I have 100% payment history, all my accounts are in good standing, etc., but my average credit age is only 7 months and I'm worried this might hurt me. All thoughts and opinions are welcome!

In 2014 I had two revolving accounts, 6.5 and 1.5 months old (Chase and Discover, toy limits, statement balances reporting but paid in full). I got a mailed targeted offer for PRG (the predecessor of what is now Gold).

My application was pending for about 48 hours but was ultimately approved without my needing to contact Amex.

Re: To those who have AMEX Gold

Anonymous — Mon, 27 May 2019 20:19:31 GMT

Would you perhaps have any clue as to why it is saying,

"Sorry, we were unable to match you with any pre-qualified offers at this time."

The pre-approval tool on their website was working just fine a couple days ago.

Re: To those who have AMEX Gold

CramEiko — Mon, 27 May 2019 20:22:57 GMT

@Anonymous wrote:
To all of you who have gotten the AMEX Gold, what did you credit report look like when you applied. I'd prefer people who actually got approved respond. My Experian is 729, I have 100% payment history, all my accounts are in good standing, etc., but my average credit age is only 7 months and I'm worried this might hurt me. All thoughts and opinions are welcome!

My AAOA was 1.6yrs. Just closed on my first home at the time. Mortgage score was 783.

Re: To those who have AMEX Gold

CramEiko — Mon, 27 May 2019 20:26:33 GMT

@Anonymous wrote:
Would you perhaps have any clue as to why it is saying,

"Sorry, we were unable to match you with any pre-qualified offers at this time."

The pre-approval tool on their website was working just fine a couple days ago.

Could be timing. I've had offers from Chase just after seeing I had no offers when checking. I don't think it matters much. If you feel it's time to apply and that you have a strong profile - go for it. If you think your profile needs some time or some work, do that instead.

Good Luck!

Re: To those who have AMEX Gold

wasCB14 — Mon, 27 May 2019 20:32:04 GMT

@CramEiko wrote:
@Anonymous wrote:
Would you perhaps have any clue as to why it is saying,

"Sorry, we were unable to match you with any pre-qualified offers at this time."

The pre-approval tool on their website was working just fine a couple days ago.
Could be timing. I've had offers from Chase just after seeing I had no offers when checking. I don't think it matters much. If you feel it's time to apply and that you have a strong profile - go for it. If you think your profile needs some time or some work, do that instead.

Good Luck!

Compared to other Amex cards and other high-AF cards, Gold is not particularly difficult to get. If the tool was "working" a few days ago in the sense that is showed you any sort of prequal offer for any card, then that is a good sign.

Re: To those who have AMEX Gold

MrDisco99 — Mon, 27 May 2019 22:34:14 GMT

Let's see... when I got mine, my mortgage was a year old, and I had one card that was 10 months old and several (five?) others that were 3 months old, one of which was an Amex BCE. I applied for the Gold, Green, and EDP on that same day and all three were approved. My scores were around 750ish. This was back in my crazy app spree days.

As I understand it, underwriting on the charge cards is pretty lax since they call in the whole balance every month.

Re: To those who have AMEX Gold

FicoGuy2019 — Mon, 27 May 2019 22:45:17 GMT

Just got the Gold 6 days ago. No SP or HP. If you look at my approval thread you'll see the info the rep gave me.

Amex Zync since 2011 (5k max limit), Amex CM (20k) since 4/2019, Amex Gold (45k max limit) 5/2019

AAoA - 2yr, 9months

Income 200k+

Utilization 1%

Closed but unpaid verizon chargeoff since 2013 for 5k - does not show as collection nor counted in my utilization. (only bad item)

Re: To those who have AMEX Gold

-Wright- — Tue, 28 May 2019 01:45:32 GMT

I got approved 3 months ago.

An experian score of 669; Average Age-2 yrs 10 mos, Oldest Account-14 yrs 4 mos. $91k Income/self employed, 0% Utlilization

I opened 6 other cards in the 6 months prior including 2 other AmExs; BCE and Green. I was denied for the Gold card 2x before but about 2 months later I applied for the Gold and Ascend one week apart and got both along with a auto CLI on the BCE and POT on the Green. My gold has a POT of $15k.

Re: To those who have AMEX Gold

FlaDude — Tue, 28 May 2019 03:05:47 GMT

@Anonymous wrote:
To all of you who have gotten the AMEX Gold, what did you credit report look like when you applied.

I can barely remember what I had for breakfast, I can't fathom a guess what my score was 25 years ago.

Re: To those who have AMEX Gold

Anonymous — Tue, 28 May 2019 16:44:00 GMT

Approved today:

SP on EX (or no pull as it’s Amex #5 - regardless, no HP), 656.
Income about $91k
14 reporting accounts, 30% aggregate UTI
No lates
2 old chargeoffs that have been paid awhile
AoOA 13 years
AAoA 3.5 years
AoYA just under 2 months (since last week’s BCP isn’t reporting yet)

Re: To those who have AMEX Gold

-airee- — Tue, 28 May 2019 04:53:47 GMT

Hey! This link talks about my experience on the application and approval process for the card. It also contains a snapshot of where my credit file was at the time. Hope this helps!

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/AMEX-Gold-Approval/td-p/5422098

Re: To those who have AMEX Gold

comingthisway — Tue, 28 May 2019 06:25:06 GMT

I got mine 2 years ago.
I believe the credit score was around 730ish

I only had one revolving account at the time from BoA with a limit of 2K with an AAoA of about 1.5 years

I was given NSPL which was then set to a hard limit of $4700 in 2-3 months time.
I also applied for a bunch of other cards at the same time and got CSP with 15K limit, Barclays MasterCard with 2.5K, BoA Travel Rewards with 3K and Discover with 2K.

I can't remember which card I applied for first but they were all done in the space of 1 week.

Re: To those who have AMEX Gold

Anonymous — Tue, 28 May 2019 06:30:51 GMT

It means you were not pre-qualified. I work for American Express in the Apply by phone department.

Re: To those who have AMEX Gold

Anonymous — Tue, 28 May 2019 06:33:37 GMT

The BCE and the EDP are lending cards (do not require to be paid in full) I work for AMEX apply by phone

Re: To those who have AMEX Gold

Anonymous — Tue, 28 May 2019 07:32:39 GMT

my ex was 739 i think. i dont think you will have any problems getting it at 729. i would look for a targeted offer or a referal to get a good signup bonus.

Re: To those who have AMEX Gold

Anonymous — Tue, 28 May 2019 09:53:34 GMT

I had about same scores but oldest account was just under a year in January.. denied. Approved may 2nd. I'm sure they wanted to see 1 year of credit card activity