topic Re: AMEX Pre-Qualified - Timing and Recurring Attempts in Credit Cards

AMEX Pre-Qualified - Timing and Recurring Attempts

Taurus22 — Fri, 27 Mar 2020 19:17:32 GMT

This is something that crossed my mind, as I haven't used Pre-Qual's very efficiently in the past.

I plan to apply for the AMEX BCP in a couple of months after I reduce my UT% on a 0% promo card.

Will likely be in a 3-card spree.... ABoC UnionStrong (EX), Amex BCP (EX), and ........TBD. I plan to do ABoC first as I've read they may possibly be inquiry/account sensitive, then the (TBD) card which among my choices will likely be a (EQ) pull, then the Amex BCP last because I understand they aren't very sensitive to INQ/accounts.

How early can you test the pre-qualify page?

How often can you do the pre-qualify? Will your results change over the course of a 2 month period as you improve your score/UT% or is it a one-time shot and done?

Should I check this early, or wait until I'm close to pulling the trigger?

Thanks in advance for the input.....!

Re: AMEX Pre-Qualified - Timing and Recurring Attempts

Taurus22 — Sat, 28 Mar 2020 00:13:56 GMT

C'mon......surely all you Amex people out there can offer me something...?

It's going to be my first Amex, just wanna take the right steps....

Re: AMEX Pre-Qualified - Timing and Recurring Attempts

Brian_Earl_Spilner — Sat, 28 Mar 2020 00:17:56 GMT

You can check all you want. Pretty sure it's a new SP every time. It's not until you're in with amex where you have to be more strategic. They'll SP you monthly and it'll typically be 1-2 months behind. Your new apps and CLI attempts will be based off it.

Re: AMEX Pre-Qualified - Timing and Recurring Attempts

Taurus22 — Sat, 28 Mar 2020 00:32:25 GMT

@Brian_Earl_Spilner wrote:
You can check all you want. Pretty sure it's a new SP every time. It's not until you're in with amex where you have to be more strategic. They'll SP you monthly and it'll typically be 1-2 months behind. Your new apps and CLI attempts will be based off it.

So when time comes for my 3x CLI (91 days correct?) they will base that off a SP that occured a month or two prior?

Re: AMEX Pre-Qualified - Timing and Recurring Attempts

Taurus22 — Sat, 28 Mar 2020 00:46:11 GMT

Had to recheck: https://ficoforums.myfico.com/t5/Credit-Card-Applications/The-Definitive-Amex-3X-CLI-Guide/td-p/1811071

So it's 61 days.....sorry.

Re: AMEX Pre-Qualified - Timing and Recurring Attempts

Brian_Earl_Spilner — Sat, 28 Mar 2020 01:04:36 GMT

@Taurus22 wrote:
@Brian_Earl_Spilner wrote:
You can check all you want. Pretty sure it's a new SP every time. It's not until you're in with amex where you have to be more strategic. They'll SP you monthly and it'll typically be 1-2 months behind. Your new apps and CLI attempts will be based off it.
So when time comes for my 3x CLI (91 days correct?) they will base that off a SP that occured a month or two prior?

Possibly. I didn't pay attention to that until later. My last 2 cards were approved off my November score which was 627 because of the high utilization from Christmas. Totally forgot about the delay and forgot to check before applying. Luckily, they were approved, but I'm pretty sure it's why my Platinum limit is so low. I apped in January, btw.

Re: AMEX Pre-Qualified - Timing and Recurring Attempts

Taurus22 — Sat, 28 Mar 2020 01:26:46 GMT

So then it would be a good guess that if I were to Pre-Qualify now, then when I actually pull the trigger beginning of May or so, then they would use the score they pulled today?

Re: AMEX Pre-Qualified - Timing and Recurring Attempts

Brian_Earl_Spilner — Sat, 28 Mar 2020 01:31:15 GMT

No, they would hard pull the day of application. That's the score they use. Also want to note that I've never been pre-approved or prequaled for their cards. I cold app.

Re: AMEX Pre-Qualified - Timing and Recurring Attempts

Taurus22 — Sat, 28 Mar 2020 01:39:48 GMT

Any particular reason why?

Re: AMEX Pre-Qualified - Timing and Recurring Attempts

Anonymous — Sat, 28 Mar 2020 02:10:16 GMT

I check the pre qual for Amex daily. Does not hurt you. If it doesn't say "pre approved" then I don't apply. If it says "Expanding" I don't waste the time but in all you can check every hour if you want it will not hurt anything. Things will change as far as you being approved or not just with your credit scores to be honest.

Re: AMEX Pre-Qualified - Timing and Recurring Attempts

Anonymous — Sat, 28 Mar 2020 02:11:38 GMT

I'm not sure if the Pre Qual works if you don't already have an Amex card. I have 6 of them but after my first one I was able to check daily no hard pull just soft

@Taurus22 wrote:
C'mon......surely all you Amex people out there can offer me something...?

It's going to be my first Amex, just wanna take the right steps....

Re: AMEX Pre-Qualified - Timing and Recurring Attempts

AverageJoesCredit — Sat, 28 Mar 2020 02:22:19 GMT

You do not need a prequal to get an Amex. Dont overthink it. Know your profile, know your Experian score and go for the card you want most first. Go from there

Re: AMEX Pre-Qualified - Timing and Recurring Attempts

Taurus22 — Sat, 28 Mar 2020 02:48:39 GMT

@AverageJoesCredit wrote:
You do not need a prequal to get an Amex. Dont overthink it. Know your profile, know your Experian score and go for the card you want most first. Go from there

Yeah I know, I get it...I tend to overthink credit steps alot. It's just my first steps in the water with Amex. Just wondered if checking the Pre-Qual would do any good, would do any harm, would just satisfy my ego.....or whatever.

My scores are in the 730's currently, will be higher once some of the UT% drops over the next month or two. Super clean profile.....I'm just very cerebral when it comes to credit, a little too much sometimes.

Re: AMEX Pre-Qualified - Timing and Recurring Attempts

Anonymous — Sat, 28 Mar 2020 02:51:21 GMT

You'll just have to cold apply like I did and keep your fingers crossed. I always hear the Delta cards are the easiest not sure how true that is.

@Anonymous wrote:
I'm not sure if the Pre Qual works if you don't already have an Amex card. I have 6 of them but after my first one I was able to check daily no hard pull just soft
@Taurus22 wrote:
C'mon......surely all you Amex people out there can offer me something...?

It's going to be my first Amex, just wanna take the right steps....

Re: AMEX Pre-Qualified - Timing and Recurring Attempts

Brian_Earl_Spilner — Sat, 28 Mar 2020 02:55:11 GMT

@Taurus22 wrote:
Any particular reason why?

I don't meet their lending criteria? 😂

The only time I saw I was pre-approved was when I apped the Platinum Delta and gold charge together. For a short time after I was pre-approved for all of their cards. Now, I'm not. It won't stop me. When I need to, I'll apply for the bonvoy. I just wrapped up the SUBs on those two and paid one off. Once I pay the other one off, I'll probably go fishing.

Re: AMEX Pre-Qualified - Timing and Recurring Attempts

Anonymous — Sat, 28 Mar 2020 03:00:25 GMT

Have you tried their business cards? I have the Green, Gold and Plat including the Blue Preferred & Everyday Cash (all personal cards) all gotten within the last year. After I got the Green, Gold, Plat & Everyday Blue (got all these within a 2 week time span in Feb) I haven't been pre approved for anything. Took a chance and applied for the Green Business card last night and got approved for it......BAM!!!!!!

@Brian_Earl_Spilner wrote:
@Taurus22 wrote:
Any particular reason why?
I don't meet their lending criteria? 😂

The only time I saw I was pre-approved was when I apped the Platinum Delta and gold charge together. For a short time after I was pre-approved for all of their cards. Now, I'm not. It won't stop me. When I need to, I'll apply for the bonvoy. I just wrapped up the SUBs on those two and paid one off. Once I pay the other one off, I'll probably go fishing.

Re: AMEX Pre-Qualified - Timing and Recurring Attempts

Remedios — Sat, 28 Mar 2020 04:29:15 GMT

@Anonymous Read your PMs, please.

All of them.

Thank you.

Re: AMEX Pre-Qualified - Timing and Recurring Attempts

Wavester64 — Sat, 28 Mar 2020 21:31:14 GMT

@Anonymous wrote:
I check the pre qual for Amex daily. Does not hurt you. If it doesn't say "pre approved" then I don't apply. If it says "Expanding" I don't waste the time but in all you can check every hour if you want it will not hurt anything. Things will change as far as you being approved or not just with your credit scores to be honest.

Are you talking about "Special Offer for you" when you are logged into your account? Otherwise I am not sure I see the words "pre-qualified" when I am on there.

Re: AMEX Pre-Qualified - Timing and Recurring Attempts

KLEXH25 — Sat, 28 Mar 2020 22:22:22 GMT

@Taurus22 wrote:
@AverageJoesCredit wrote:
You do not need a prequal to get an Amex. Dont overthink it. Know your profile, know your Experian score and go for the card you want most first. Go from there
Yeah I know, I get it...I tend to overthink credit steps alot. It's just my first steps in the water with Amex. Just wondered if checking the Pre-Qual would do any good, would do any harm, would just satisfy my ego.....or whatever.
My scores are in the 730's currently, will be higher once some of the UT% drops over the next month or two. Super clean profile.....I'm just very cerebral when it comes to credit, a little too much sometimes.

I totally get it, I'm the same way lol. Prequals can change from one week to the next, so it can be hard to plan it out based on today's results. I had varying prequal results when I was first deciding which AMEX I wanted to apply for. Based on your current stats, I think you're golden now, so your prospects should only get better once you get utilization down.

Re: AMEX Pre-Qualified - Timing and Recurring Attempts

Anonymous — Tue, 31 Mar 2020 20:15:03 GMT

@Anonymous wrote:
I check the pre qual for Amex daily. Does not hurt you. If it doesn't say "pre approved" then I don't apply. If it says "Expanding" I don't waste the time but in all you can check every hour if you want it will not hurt anything. Things will change as far as you being approved or not just with your credit scores to be honest.

What do you mean by "Expanding"? I've never seen this.

Thanks.

Peace!