topic Re: Delta/Amex in Credit Cards

Delta/Amex

Anonymous — Mon, 21 Oct 2019 21:17:04 GMT

Hi All,

First time poster here. I have been reading a lot of the forums lately as I am looking to apply for a DELTA AMEX. Do I start with Delta Gold or can I dive in with Platinum or Reserve? My scores are 759TU, 671EQUIFAX (which should jump up here shortly and then I will apply). I am only an authorized user on Cards(3 to be exact all sititng at 1% usage $53 out of $7650), but have an AUTO, SL and Mortgage of my own. All in good standing! This summer I had 2 accounts in collections that I paid off and consolidated the SL, and the credit scores have been going up and up. Or should I wait longer for better approval odds? I have 8 inquieries in the last 2 years.

Re: Delta/Amex

FinStar — Mon, 21 Oct 2019 21:21:30 GMT

Hello @Anonymous, welcome to the forums.

Have you checked the AmEx prequal portal to see whether any offers are available?

What type of accounts did you have in collections?

Re: Delta/Amex

Anonymous — Mon, 21 Oct 2019 21:24:22 GMT

I just want to add in addition to @FinStar , you don't have to start at Gold....you can jump right in 😁

Re: Delta/Amex

CreditInspired — Mon, 21 Oct 2019 21:57:05 GMT

Hi and welcome

Do you have any cards of your own (not an AU)?

Are these FICO scores? If yes, what is the EX score? If no, we need your FICO scores to gauge your credit profile.

Why is there such a huge difference in the 2 scores you provided?

How many inqs do you have in last 3/6/12 month period?

Were they declined applications? If yes, for what CCs?

Re: Delta/Amex

Anonymous — Mon, 21 Oct 2019 22:14:41 GMT

Sounds like scores from Credit Karma. OP, you can disregard those completely. Go to Discover Scorecard and get your EX FICO score. That’s what Amex uses 99% of the time. Reply with that and the info requested above and we can likely help you better.

Re: Delta/Amex

K-in-Boston — Tue, 22 Oct 2019 03:55:51 GMT

+1 your Experian FICO 08 score is the only one that will matter to Amex. You can certainly jump right in with Platinum or Reserve as long as your profile and income support them. Go for the card that serves you best and be sure to get the best Welcome Offer you can as they are once in a lifetime.

Re: Delta/Amex

Anonymous — Tue, 22 Oct 2019 06:50:38 GMT

what makes these delta cards better than something like the amex gold or cap1 venture where it's got travel redemption for any carrier? i haven't looked into these kind of cards at all.

Re: Delta/Amex

Anonymous — Tue, 22 Oct 2019 13:01:37 GMT

Checked the prequal and Platinum and Gold pop up.

Re: Delta/Amex

Anonymous — Tue, 22 Oct 2019 13:03:23 GMT

Went with the Discover Scorecard EX FICO is 645. Showing only 2 inquiries in the last 12 months on the Scorecard Site. No Cards of my own. Difference in scores was from Credit Karma.

Re: Delta/Amex

Anonymous — Tue, 22 Oct 2019 13:04:33 GMT

Any insight to the profile and salary that support each tier? Want to apply for the card I am most likely to be approved for.

@K-in-Boston wrote:
+1 your Experian FICO 08 score is the only one that will matter to Amex. You can certainly jump right in with Platinum or Reserve as long as your profile and income support them. Go for the card that serves you best and be sure to get the best Welcome Offer you can as they are once in a lifetime.

Re: Delta/Amex

Anonymous — Tue, 22 Oct 2019 13:32:59 GMT

Any tier could be supported by any salary - it comes down to responsible spending. Amex feels your profile supports Plat or Gold, and prequals with them typically are solid. Their risk is lessened on a charge card because it’s due in full each month, and purchases are approved/denied in real time. Getting one and running it responsibly likely will open doors to revolvers with them. Assess your spend accurately to pick the right one. Plat is a heavy travel card and Gold is a daily driver.

Re: Delta/Amex

mikesonthemend — Tue, 22 Oct 2019 13:35:56 GMT

@Anonymous wrote:
Went with the Discover Scorecard EX FICO is 645. Showing only 2 inquiries in the last 12 months on the Scorecard Site. No Cards of my own. Difference in scores was from Credit Karma.

See if you are pre-qualified with Amex. My guess is the Delta Gold will be your only option. It is a great card to start with if you fly Delta.

Re: Delta/Amex

Anonymous — Tue, 22 Oct 2019 13:46:59 GMT

Delta and Hilton cards are good ways in, however in post 8 OP stated prequal for Plat and Gold. OP, if you app and are denied, app immediately for a cobranded revolver if one fits your lifestyle - you may well be given one and possibly on the same HP as well.

Re: Delta/Amex

Anonymous — Tue, 22 Oct 2019 14:05:26 GMT

Just got approved for the Delta Platinum! Thanks for all the tips!

Also, can someone let me know what a "revolver" is? And what is the difference?

Re: Delta/Amex

Anonymous — Tue, 22 Oct 2019 14:08:58 GMT

Excellent and congrats! A revolver is a “credit card” in that you charge and have a minimum payment that’s required, but you can carry a balance. Your Delta is one - you could charge $260, have a min payment of $39, pay that by the due date, and you’re good to go. All the cobranded cards and the core cards are revolvers. You can “revolve” a balance on the card rather than being required to pay in full each month.

Green, Gold, and Platinum are charge cards, where the full balance is due at the end of the month. Charge $260, and you’ll owe the full $260 on the due date. There are exceptions to it but that’s the gist of it.

Re: Delta/Amex

FinStar — Tue, 22 Oct 2019 14:15:33 GMT

Congrats on the approval @Anonymous. Well done.

Locking this thread as you have been approved. Feel free to start a new approval thread in the Approvals forum if you would like to do so.