topic Re: Current Amex customer Prequal in Credit Cards

Current Amex customer Prequal

allegra37 — Mon, 19 Aug 2019 22:09:08 GMT

Hello,

I have an amex cash preferred and i also want to get gold card. I red some threads and it was saying soft pull. Where do you guys apply for soft pull additional amex cards ? App or Browser ? If I apply for business will it be soft pull ?

Re: Current Amex customer Prequal

Anonymous — Mon, 19 Aug 2019 22:16:43 GMT

I applied two (personal) Amex cards that resulted in soft pull, and both were done in web browser from my computer.

I'm not sure about businesses cards since I haven't applied for any. But my speculation is as a current Amex customer you would get a soft pull approval if you are preapproved for the card while a hard pull after approval if you are not preapproved. Did it say you are preapproved if you open up a business card application?

Re: Current Amex customer Prequal

allegra37 — Mon, 19 Aug 2019 22:36:02 GMT

Business cards didnt show any pre-approved and its asking to fill out info. But i just checked right now gold card shows preapproved on personal cards menu.

Re: Current Amex customer Prequal

Anonymous — Mon, 19 Aug 2019 22:45:28 GMT

How long have you been an Amex cardmember?

Re: Current Amex customer Prequal

allegra37 — Mon, 19 Aug 2019 23:00:36 GMT

It has been 3 months as personal card.

Re: Current Amex customer Prequal

KJinNC — Mon, 19 Aug 2019 23:42:22 GMT

I can say for certain that if you apply and get turned down, it's a SP only. Ask me how I know

Not sure if they do a HP if they approve you, but if so, it will at least be a HP well-spent. Good luck!

Re: Current Amex customer Prequal

Anonymous — Mon, 19 Aug 2019 23:55:24 GMT

@KJinNC wrote:
I can say for certain that if you apply and get turned down, it's a SP only. Ask me how I know

Not sure if they do a HP if they approve you, but if so, it will at least be a HP well-spent. Good luck!

I May have attempted a few apps since I got my Gold Card. 1 business and 1 personal, both denials and both SP's.

Re: Current Amex customer Prequal

Anonymous — Tue, 20 Aug 2019 01:56:04 GMT

I generally check the prequal page and then it asks me to sign in since I'm already an Amex member. It'll take you to cards your pre-qualified for. My general understanding is as follows... If you're pre-qualified for a cash back card, you can probably get all cash back card. If you're pre-qualified for MR cards, you can generally get all MR cards. And if you're quified for any of their revolvers you are more than likely set for their charge cards.

I applied for my Amex Everyday in this manner and it was only a soft pull. One of the best parts about being an Amex member in my opinion.

Re: Current Amex customer Prequal

Anonymous — Tue, 20 Aug 2019 13:34:46 GMT

Doesn't matter which method you use other than if you want a higher bonus upon approval.

Key things to look for when you click the APPLY button:

"you're pre-approved" = SP

"expand your membership" = HP

Now the incognito method... for your card in question is offering 50K/$2K spend vs 35K when just a normal browser window.

https://www.americanexpress.com/us/credit-cards/?category=all

Now, if you're pre-approved for 1 card you're typically pre-approved for all of the cards. IF you don't have a specific need for Gold w/ $250 AF then look at the other offers and find something that fits better.

Re: Current Amex customer Prequal

allegra37 — Tue, 20 Aug 2019 15:01:08 GMT

Did anyone try to apply for a business card as an existing customer (Personal card holder)?

What was the result SP or HP ?

Re: Current Amex customer Prequal

Anonymous — Wed, 21 Aug 2019 12:55:02 GMT

@allegra37 wrote:
Did anyone try to apply for a business card as an existing customer (Personal card holder)?

What was the result SP or HP ?

I have with the BBP and it was a SP, was also a denial.

Re: Current Amex customer Prequal

allegra37 — Tue, 20 Aug 2019 20:48:14 GMT

I applied for the Blue Business Cash and its approved. It was SP.

I was thinking Amex Gold Personal but then i changed my mind. Now, when i go to personal card to apply it doesnt say anymore "pre-approved"

Re: Current Amex customer Prequal

KJinNC — Wed, 21 Aug 2019 02:06:05 GMT

I have only ever seen the thing about "expanding your membership is easy" until tonight. I did get a prequalification (not preapproval, prequalification) for Delta Gold starting about a week ago. I applied for it and was rejected, reconned and was still rejected. Tonight, I noticed I was "preapproved" for every credit card (interestingly, not for charge cards). The two things I know changed are 1) I hit my one-month anniversary with the Gold Card, maybe a month is meaningful for internal scoring, 2) I closed a couple of secured cards yesterday. But maybe they just like how I'm using/paying my Gold Card. I wonder why there isn't more transparency on this stuff, so we're left to wonder. Who would it hurt to remove the guesswork?

Re: Current Amex customer Prequal

Anonymous — Wed, 21 Aug 2019 12:40:47 GMT

More transparency how? They told you that you’re preapproved.

Re: Current Amex customer Prequal

KJinNC — Wed, 21 Aug 2019 19:49:47 GMT

@Anonymous wrote:
More transparency how? They told you that you’re preapproved.

For starters, if you asked 100 people the difference between prequalified and preapproved, most would say there is no difference. That should be spelled out. Asterisk the word and put a sentence or two at the bottom of the page saying what it means.

But in my example, I was denied (even on recon) last week, then approved this week ... why? Some things may have changed in a way that's significant in their internal scoring (I may have gone from having the prior card for 25 days to having it for 31 days or something), but in reality, nothing significant changed in that week. Same FICO scores, actually a few points worse for unrelated reasons, same income etc. How do you go from turned down even on recon, to preapproved, in a week? By the way, I did get the card when I applied again last night ... the same day I received the letter saying my prior recon was turned down! If there is, for example, a rule that you can't get a second card until you've had the first card for a month, just say that. Who would it hurt?

And, that's one example. If you've been on this board for any length of time, you've seen many, many examples of approvals and denials that don't seem to make sense. I am sure they do make sense for some obscure internal reason, and that is what I am talking about. They can do what they like, but I really don't know who the secrecy helps.

Re: Current Amex customer Prequal

BurgeoningHope — Fri, 23 Aug 2019 05:51:36 GMT

@Anonymous wrote:

...Now the incognito method... for your card in question is offering 50K/$2K spend vs 35K when just a normal browser window.
https://www.americanexpress.com/us/credit-cards/?category=all

Okay, I checked. Signed in, I'm pre-approved with a 35K offer for a card offering 50K incognito. How do I get the larger offer?

Re: Current Amex customer Prequal

Brian_Earl_Spilner — Fri, 23 Aug 2019 06:45:10 GMT

@Anonymous wrote:
Doesn't matter which method you use other than if you want a higher bonus upon approval.

Key things to look for when you click the APPLY button:
"you're pre-approved" = SP
"expand your membership" = HP

Now the incognito method... for your card in question is offering 50K/$2K spend vs 35K when just a normal browser window.
https://www.americanexpress.com/us/credit-cards/?category=all

Now, if you're pre-approved for 1 card you're typically pre-approved for all of the cards. IF you don't have a specific need for Gold w/ $250 AF then look at the other offers and find something that fits better.

Expand your membership is not a guaranteed HP. It can result in an HP, but it usually isn't.