topic Re: AMEX Pre-qualified?? in Credit Cards

AMEX Pre-qualified??

Harmony12 — Sat, 29 Jun 2019 19:32:33 GMT

I have been checking the Amex site almost daily to see if I could be pre-qualified. This morning I got a credit score update and so I decided to check for a prequalification. Well, I was prequalified for the Delta Gold Amex. I have never had an Amex and I haven't been able to get bouns points/miles. I travel often and will do so even more once I look for another promotion. How does Amex prequalifications work...should I take the bait? I know once you have at least one that the others are just a soft pull. I need an Amex for work soon. I don't want my career to be put on hold because I can't qualify for an Amex corporate card. (There has been many people unable to qualify for the Amex corporate card at my company.)

I currently have several Comenity bank store cards that I got 4-5 years ago, 3 Capital One cards, and Discover IT. My inquiries are low but I still have 2 unpaid COs (making payments), several paid COs, and 1 collection. A lot of these will fall off within the next 8 months.

Any help is appreciated...current scores are in my Siggy. EDIT: SCORES ARE:

EX 649
TU 652
EQ 610

Re: AMEX Pre-qualified??

Remedios — Mon, 17 Jun 2019 19:36:12 GMT

@Harmony12 Your screenshot cut off the part where it says "Congrats Mrs SoAndSo, you're Prequalified/Preapproved.."

Did you get that on the top of the web page?

Re: AMEX Pre-qualified??

Harmony12 — Mon, 17 Jun 2019 19:39:46 GMT

Yes, it has my name and says "You are successfully Pre-Qualified for the following Card offers, exclusively available on americanexpress.com."

Re: AMEX Pre-qualified??

Remedios — Mon, 17 Jun 2019 19:51:58 GMT

My opinion is that you should wait. Your EX score is on a low(ish) side and if approved, you're looking at low SL.

If you need card for work, but SL is not sufficient for what you're trying to purchase, it wont do you much good.

Does your employer care if you use Amex or would any lender do? Also, how soon do you think one will become absolute necessity for you work wise?

Re: AMEX Pre-qualified??

Harmony12 — Mon, 17 Jun 2019 20:12:04 GMT

It has to be Amex for sure. We get Amex corporate cards given to us if we are approved. My thoughts are if I get the Delta Gold Skymiles I will have a better chance at being approved the Amex corporate card when within a few months. What kind of SL do you think I would get? Also, what is a good EX score for decent SL?

Re: AMEX Pre-qualified??

Anonymous — Mon, 17 Jun 2019 20:15:40 GMT

Corp card doesn't affect yoru personal chances. There's a few round about threads detailing the process using the Corp card to geta personal card but, not the other way around. For your Score though even a 700 EX is iffy right now. The Initial CL isn't completely based on your CS but more importantly the whole picture that Amex can put together based on your CR and info you provide while applying.

Re: AMEX Pre-qualified??

Harmony12 — Mon, 17 Jun 2019 20:21:07 GMT

So is this a guaranteed preapproval?

Re: AMEX Pre-qualified??

Anonymous — Mon, 17 Jun 2019 20:23:42 GMT

nothing is guaranteed until you apply and have the card in hand.

Re: AMEX Pre-qualified??

Harmony12 — Mon, 17 Jun 2019 20:27:47 GMT

I'm still looking for some DPs on here. I know I read a thread with someone that had scores similar to mine and was also approved.

Re: AMEX Pre-qualified??

Anonymous — Mon, 17 Jun 2019 20:31:16 GMT

Go hit apply on the Delta then and take a screen shot with the info provided. If there's a specific APR listed then your chances are better. Personally though... I never got a pre-app for 10+ years from them and just apped for BCE and got a 10K approval out of them.

I'm telling you though from what I've seen recently within the past couple of weeks.... your chances appear to be slim.

Re: AMEX Pre-qualified??

Remedios — Mon, 17 Jun 2019 20:32:50 GMT

@Harmony12 wrote:
So is this a guaranteed preapproval?

It's a prequalification. I've seen a few denied after a prequal recently, most were on their core revolvers

I have no idea if personal card would help you get a corporate card, but seeing how it's work related, it might be worth a try, especially now that you've elaborated on why.

Give it a try, steady employment is certainly worth one HP.

Fingers crossed for you and and I hope to see approval thread for this card and corporate card soon

Re: AMEX Pre-qualified??

Anonymous — Mon, 17 Jun 2019 20:34:51 GMT

A number of people have been approved for Delta Gold at that score area, myself included, but it was almost always for a low $1000 SL. What the others stated above is correct - that score will most likely get you the card, but you’ll be borderline and will get a small SL.

The question above regarding when you’ll need the card is a good one. Can you ask your boss when they are looking to have you apply? Knowing that, you could get an idea how long you have to work on your scores. Scores aren’t the be-all-end-all for Amex, although the cobranded cards are accessible with fairly low scores, the charge cards with higher scores, and the core revolvers with similar or higher-yet scores than the charge cards. If you can make improvements in your EX score for a few months, rather than it taking a hit for a new inquiry/account, it may serve you better in your SL a few months from now, as well as in approval for your corporate card. The corporate cards tend to be charge cards, not cobranded airline cards, and you’ll need a better score to open that door.

Re: AMEX Pre-qualified??

Anonymous — Mon, 17 Jun 2019 20:39:52 GMT

I would wait.

You want a better CL and a better SUB. Amex Delta gold is handing out 60k-75k SUB like candies, 35k is a massive shortchange.

Re: AMEX Pre-qualified??

Harmony12 — Mon, 17 Jun 2019 20:47:31 GMT

So I went back through the pre-qualification and I clicked apply. I got the rates 17.99% to 26.99%. So I'm going to your advice and wait before applying. That will also mean I will be for applying for a promotion.

Re: AMEX Pre-qualified??

Remedios — Mon, 17 Jun 2019 20:49:55 GMT

I would wait too, if I had a choice.
The real question (for me, at least) is if this card would increase the chance for corporate card approval. If the answer to that is no, this app should not happen.
If it's likely to help and preserve her career, the answer would be yes. Even if approval terms are less than stellar.
🤷‍♀️

Re: AMEX Pre-qualified??

Harmony12 — Mon, 17 Jun 2019 20:50:48 GMT

ImTheDevil,

I'm going to wait a few months to apply. How has your CLI been with the $1k SL?

You are right it is a charge card and not a cobranded card.

Re: AMEX Pre-qualified??

Harmony12 — Mon, 17 Jun 2019 20:53:21 GMT

chriswmfeng,

I noticed that too. I wondered why I didn't get the 60k limit that is currently being offered. Are they startup bonuses dependant on credit also?

Re: AMEX Pre-qualified??

Harmony12 — Mon, 17 Jun 2019 20:57:16 GMT

Remedios,

That's exactly what I have been trying to figure out. I was hoping the card would improve my chances for a corporate card approval. My department will be ending soon so once that happen I need to be able to apply for a promotion quickly. With that I will need to be approved for a company Amex corporate card also.

Re: AMEX Pre-qualified??

Anonymous — Mon, 17 Jun 2019 21:46:03 GMT

@Harmony12, that card was approved 11/15/2018 at $1000 and still sits at $1000 today. This I’m sure is at least in part due to the fact that I just squeaked in scorewise.

Re: AMEX Pre-qualified??

Anonymous — Mon, 17 Jun 2019 21:03:51 GMT

As for whether this card will help you get the corp card, it’s hard to say. Will it help you get other, better personal cards? Yes. I’m an example of that. Got DG and the base Hilton card with one HP at around 638EX. Got Hilton Ascend on 3/3/2019 with a 640ish EX. Picked up BCP and Gold charge with roughly 658EX. My prior cobranded Amex cards definitely paved the way for BCP and Gold. I’ve not heard of someone cold-apping a core revolver with a 658 and getting it. Conventional wisdom says 680 min with an otherwise optimal profile (historically speaking) but 700 is a better bet. Amex May have relaxed some UW standards, but I don’t think I’d have had a prayer of Gold or BCP approval with that score without my cobranded cards.

Whether this translates to better approval odds of a corporate card, I couldn’t guess. On the personal side though, I’d say absolutely.