topic Re: AMEX Gold/Platinum Pre Qualify Solid?? in Credit Cards

AMEX Gold/Platinum Pre Qualify Solid??

Anonymous — Tue, 23 Feb 2021 23:50:16 GMT

Hey,

I use to be a AMEX customer but had a bad experience with them 2 years ago. I closed all accounts and paid all accounts down to zero before closing.

I am willing to give them a second chance. I went to the site and I see I am pre qualified for the gold/platinum cards. Would this mean I am pre qualified for all other cards or just these two? I would like one of the Cash Magnent cards. These are the only two cards that have the "Pre Qualified". I have been checking for months and normally it would say "We could not find any offers for you."

Here is a screen shot and are these offers firm or legit?

Thanks I appreciate it.

Re: AMEX Gold/Platinum Pre Qualify Solid??

simplynoir — Tue, 23 Feb 2021 23:56:08 GMT

Was this taken from the pre-qualification tool on the AMEX website? Reason I ask is while I haven't had to deal with the tool myself in awhile I thought that they would give you a solid APR even if it is the charge card's Pay Over Time feature. So I'm interested to learn if someone else who has had more recent experience can shed light on this

In any case assuming your scores are looking good and you left AMEX in respectable terms as you said then I don't see why they wouldn't welcome you back. If the goal is one of the cashback cards you should be good to go on applying for the one you want. Just make sure if you're looking to get the signup bonus as well that you make sure there is no pop-up language that tells you that you do not qualify

Re: AMEX Gold/Platinum Pre Qualify Solid??

Anonymous — Wed, 24 Feb 2021 00:00:37 GMT

@simplynoir

I should have put that in the post. Yes I used their pre qualification tool. It checked and it came back with those two cards being prepared qualified and no other cards.

Re: AMEX Gold/Platinum Pre Qualify Solid??

Remedios — Wed, 24 Feb 2021 00:06:20 GMT

Their prequals aren't as solid as they used to be.

If you are rebuilding, it can go either way.

If you have a clean file and didn't burn them in the past, you will most likely get approved.

As far as Cash Mangnet or any other core revolver, they have a bit stricter UW criteria. Just about any negative on CR can put you in $1000.00 for years SL if approved.

There really isn't enough in your post about your profile to make semi-educated guesses

Re: AMEX Gold/Platinum Pre Qualify Solid??

Cpmcmxc — Wed, 24 Feb 2021 00:06:52 GMT

@simplynoir wrote:
Was this taken from the pre-qualification tool on the AMEX website? Reason I ask is while I haven't had to deal with the tool myself in awhile I thought that they would give you a solid APR even if it is the charge card's Pay Over Time feature. So I'm interested to learn if someone else who has had more recent experience can shed light on this

I got my Amex Everyday Preferred through the PreQual tool, as well as my Amex Gold (declined original offer, signed up later). The original APR was stated similarly to how OPs is pictured. In my case, they confirmed my final APRs once they compelted the HP. Additionally, pay over time is only available on a portion of your total credit line.

One thing that may also be helpful to know (according to AMEX rep I spoke to) is that AMEX continues to review your credit score on the Gold and Platinum cards more closely to determine if your credit limit should be adjusted up or down. I've had my limit increase twice over the lifetime of my relationship with them because I increased my scores by paying stuff down. Best of luck to you OP. I love my AMEX cards, so long as you keep that POT balance low, you should be good.

Re: AMEX Gold/Platinum Pre Qualify Solid??

FinStar — Wed, 24 Feb 2021 00:19:54 GMT

OP, although it's possible you could be approved for their other CCs, it may be something on the starter level which may take a long time to grow, as @Remedios pointed out. So, it appears for what the tool is currently offering you as a pre-qualification, any of the charge cards you'd likely be approved.

Depending on the profile, though, core cards are a bit tougher on the UW front followed by their co-branded CCs. For anyone with a strong and/or established, solid profile any of their CCs is pretty much for grabs -- pre-qualified or otherwise.

Re: AMEX Gold/Platinum Pre Qualify Solid??

Anonymous — Wed, 24 Feb 2021 00:21:59 GMT

@Remedios

FICO 08 759 Bankcard 08 781

No Derogs

4 Inquirers

2 new accounts in the last 24 months

Thanks for the insight!!

Re: AMEX Gold/Platinum Pre Qualify Solid??

FinStar — Wed, 24 Feb 2021 00:28:41 GMT

You mentioned you had a bad experience with AmEx, what in specific would you say soured the relationship, was it something procedural or policy related or...? -- just something to keep in mind if you're willing to re-establish the relationship and avoid any past headaches.

Re: AMEX Gold/Platinum Pre Qualify Solid??

Remedios — Wed, 24 Feb 2021 00:32:05 GMT

I think you should be okay.

I only have one more question, when you said "you're willing to give them another chance" ..did something happen before?

If there is no negative history there, you have a decent chance.

If you had their cards before, but not a clean CR, they might have retained that info (they will reference it as a denial reason even when the last derog is removed from CR).

Re: AMEX Gold/Platinum Pre Qualify Solid??

Remedios — Wed, 24 Feb 2021 00:41:19 GMT

@FinStar wrote:
You mentioned you had a bad experience with AmEx, what in specific would you say soured the relationship, was it something procedural or policy related or...? -- just something to keep in mind if you're willing to re-establish the relationship and avoid any past headaches.

Copy kitty!

Re: AMEX Gold/Platinum Pre Qualify Solid??

Anonymous — Wed, 24 Feb 2021 00:53:04 GMT

Thanks for the responses from @Remedios @FinStar

I ordered something off eBay ( Looking back in hindsight this is totally my fault ) that was not as described. I ordered an exspensive watch and it was a fake. So I immediately notified eBay opened a case and they ruled in favor of the seller. My last option was an Amex dispute which I always hate doing any dispute but they sided with the merchant/eBay/seller which was very weird. I had proof the watch was fake because I got a certificate from a local jewelry store. Long store short I paid off all Amex cards and after they were all at $0 called and closed all accounts. Hope this helps.

Re: AMEX Gold/Platinum Pre Qualify Solid??

FinStar — Wed, 24 Feb 2021 01:05:27 GMT

@Remedios wrote:
@FinStar wrote:
You mentioned you had a bad experience with AmEx, what in specific would you say soured the relationship, was it something procedural or policy related or...? -- just something to keep in mind if you're willing to re-establish the relationship and avoid any past headaches.
Copy kitty!

Re: AMEX Gold/Platinum Pre Qualify Solid??

Remedios — Wed, 24 Feb 2021 01:05:48 GMT

And your cards were older than a year when you closed them?

Re: AMEX Gold/Platinum Pre Qualify Solid??

jdbkiang — Wed, 24 Feb 2021 01:07:04 GMT

@Anonymous wrote:
Thanks for the responses from @Remedios @FinStar

I ordered something off eBay ( Looking back in hindsight this is totally my fault ) that was not as described. I ordered an exspensive watch and it was a fake. So I immediately notified eBay opened a case and they ruled in favor of the seller. My last option was an Amex dispute which I always hate doing any dispute but they sided with the merchant/eBay/seller which was very weird. I had proof the watch was fake because I got a certificate from a local jewelry store. Long store short I paid off all Amex cards and after they were all at $0 called and closed all accounts. Hope this helps.

That's very unfortunate, and I would definitely have fought hard for that. But then again, I'm also the type of guy to keep reopening a dispute for 6 months to hold the card companies accountable in doing what they advertised (fraud protection).

If you're not going Chase for 5/24 purposes, then I'd definitely take the prequals. Had a relative recently get 175K MR from the Gold/Plat offers as a new to Amex special offer.

Re: AMEX Gold/Platinum Pre Qualify Solid??

scfc1972 — Wed, 24 Feb 2021 01:23:57 GMT

They've been good for me.

Re: AMEX Gold/Platinum Pre Qualify Solid??

Anonymous — Wed, 24 Feb 2021 01:37:12 GMT

@Remedios

Yes they were around 2-4 years old depending on the card with no late history or bad util issues. Always pics in full. I wonder if they will remember the dispute because I fought them tooth and nail. Still lost in the end but battled them for months.

Re: AMEX Gold/Platinum Pre Qualify Solid??

Remedios — Wed, 24 Feb 2021 01:45:34 GMT

I'm not sure if a dispute would cause future issues.

My opinion, it's (usually) a single pull, and you aren't swimming in inquiries or new accounts.

Seems like there aren't any pre-existing issues that would carry over, so if you've found a card that would be beneficial to you, go for it.

Re: AMEX Gold/Platinum Pre Qualify Solid??

Anonymous — Wed, 24 Feb 2021 01:50:50 GMT

Thanks everyone for responding.

I got approved for the Gold with the 75K points and the Cash Magnet Preferred with 15K starting limit.

thanks again.

Re: AMEX Gold/Platinum Pre Qualify Solid??

Remedios — Wed, 24 Feb 2021 02:00:13 GMT

@Anonymous Congrats on your approval.

This thread is now closed for additional messages, feel free to start an approval thread if you wish to do so.