topic Re: AMEX gurus please help... in Credit Cards

AMEX gurus please help...

Anonymous — Wed, 02 Jun 2021 21:52:41 GMT

Amex question

I was a member for AMEX since 94' always paid perfectly. Never ever late. However, in 2010 I defaulted, account was sent to collections and I ended up paying in FULL the amount that I owed. (Circa 2012-2013)

Since then, I haven't had an AMEX because I felt I didn't have the "credit score" needed to re-apply, it's been many years since I've had an AMEX card.

I wonder If AMEX would consider me again? ( I know all I need to do is APPLY and see but I don't see it that way as I'm SUPER cautious with my credit now )

I've read that AMEX usually pulls EX but I also read here that could depend on the state you live in? (never heard of that before-though I'm in FL)

Any input would be gladly appreciated,

Thanks,

Re: AMEX gurus please help...

rostrow416 — Wed, 02 Jun 2021 22:17:39 GMT

They have a good pre-qualifier tool. If it shows you are prequalify, it's pretty solid. I didn't get pre-qualified but I was still approved when I apped for the Gold (and ended up double dipping for the Amazon Prime Business)

Re: AMEX gurus please help...

Anonymous — Wed, 02 Jun 2021 22:36:01 GMT

@rostrow416 thank you for your response!

So you didn't get pre-qual but was still approved, that's interesting!

I see in your SIG that you did some "spring cleaning" may I ask why? too high interest rate?

Re: AMEX gurus please help...

rostrow416 — Wed, 02 Jun 2021 23:26:42 GMT

@Anonymous just getting rid of lower limit/no growth cards. I used my recent approvals to replace them and I'm hoping that by only keeping the higher limit cards that I'm setting a new "floor" for future approvals.

Re: AMEX gurus please help...

coldfusion — Thu, 03 Jun 2021 00:20:19 GMT

@Anonymous wrote:
@rostrow416 thank you for your response!
So you didn't get pre-qual but was still approved, that's interesting!

I see in your SIG that you did some "spring cleaning" may I ask why? too high interest rate?

You have a checkered past with AMEX going back 8 or so years ago so the prequal site won't be reliable.

You did pay them the entire amount, and there are many DP that AMEX does not hold a grudge forever when they have been burned but later were made whole.

If you're willing to risk a HP go ahead and apply for a/the card that you want. If you are denied without a HP then you know you are at least for now on the blacklist. If you are denied with a HP you will know that you are not on their blacklist and so should be able to get back in with them in the not too distant future.

Re: AMEX gurus please help...

Webspry — Thu, 03 Jun 2021 00:42:00 GMT

I've had Amex cards since 1999. My experience with them is they'll gladly take a high annual card fee from anyone over a 680. I usually average over 740, but I have many friends that I've sent referrals to that have lower scores and every one of them has been approved.(and I've gotten my bonus points)

Re: AMEX gurus please help...

Ficoproblems247 — Thu, 03 Jun 2021 01:14:17 GMT

@Anonymous I burned AMEX in 2012, but like you I paid them back in full. I got back in with them in 2019, with a borderline approval for $1,000 on a Delta Gold card. Now I have 3 revolvers with $44,000 TCL through them. If they let you back in, always PIF and keep your reports clean. Do you have any COs on your reports? I see a huge variation in your scores. If that is the case, they may approve you but it will likely be with a toy limit that will not grow until you're able to get your reports clear of any COs.

Re: AMEX gurus please help...

babygirl1256 — Thu, 03 Jun 2021 02:23:18 GMT

Greetings JERV ~ Welcome to the forum . . . You really won't know where you stand with AmEx until you actually apply and be approved or denied (with a letter of explanation). If you apply it will be a hard pull. AmEx pulled my Experian report and approved me for a $5k limit -but- on the 61st day of being a cardholder, I submit a request for 3X my limit and it was approved!!! Your Experian (EX) and TransUnion (TU) scores are far less than your Equifax . . . Why? Are there any other negative trade lines (i.e. collections, charge-offs, etc.) on your EX and TU reports? If so, this forum can assist and provide guidance on how to address them before reapplying. Wishing you success on your AmEx approval.

Re: AMEX gurus please help...

Anonymous — Thu, 03 Jun 2021 03:54:32 GMT

@coldfusion Thank you for your input!

Re: AMEX gurus please help...

Anonymous — Thu, 03 Jun 2021 04:01:49 GMT

@Ficoproblems247 Yes, my EQ is reporting well. However, TU & EX have a couple CO's which are currently being worked on. As by removing those two my EQ shoot up over 150 pts I'm gonna wait until those couple CO's are removed before I apply with AMEX again.

I have a Capital One QS which I PIF every month but I just recently noticed there isn't more grow for that one.

Re: AMEX gurus please help...

Anonymous — Thu, 03 Jun 2021 04:07:47 GMT

@babygirl1256 wrote:
Greetings JERV ~ Welcome to the forum . . . You really won't know where you stand with AmEx until you actually apply and be approved or denied (with a letter of explanation). If you apply it will be a hard pull. AmEx pulled my Experian report and approved me for a $5k limit -but- on the 61st day of being a cardholder, I submit a request for 3X my limit and it was approved!!! Your Experian (EX) and TransUnion (TU) scores are far less than your Equifax . . . Why? Are there any other negative trade lines (i.e. collections, charge-offs, etc.) on your EX and TU reports? If so, this forum can assist and provide guidance on how to address them before reapplying. Wishing you success on your AmEx approval.

@babygirl1256 Thank you! glad to be part of this forum and continue learning!

Yes, my EQ is reporting correctly now...while TU & EX have the two CO's that are still there and hopefully be removed soon enough. Once removed hope they increase at least 100 pts ....( as EQ shoot up 150+ pts by deleting those two CO's )

Looking forward on learning how to address them before reapplying.

(On a side note- any particular reason of why you write AmEx? with capital E lol....sorry still learning)

Re: AMEX gurus please help...

SweetCreditObsession — Thu, 03 Jun 2021 05:46:49 GMT

If you're cautious always try the pre-approval. You can gain data points without having to risk the hard pull. If they pre-qualify you that lets you know you're in the running.

Re: AMEX gurus please help...

babygirl1256 — Thu, 03 Jun 2021 05:49:26 GMT

Greetings JERV ~ Great that you are addressing the TU & EX two COs . . . it would be great to obtain a PFD (Pay For Delete) for both of them. There's a list on this forum of companies that do PFD and I will try to find it and post or one of the other forum members may be able to post it . . . Hopefully your 2 companies are on there. In reference to the AmEx . . . It's just my preference. American Express' website reflects Amex -and- I've seen it written all types of ways on this forum.

Re: AMEX gurus please help...

Ficoproblems247 — Thu, 03 Jun 2021 10:53:20 GMT

@Anonymous wrote:
@Ficoproblems247 Yes, my EQ is reporting well. However, TU & EX have a couple CO's which are currently being worked on. As by removing those two my EQ shoot up over 150 pts I'm gonna wait until those couple CO's are removed before I apply with AMEX again.
I have a Capital One QS which I PIF every month but I just recently noticed there isn't more grow for that one.

If you're willing to wait it out to try until you get those COs off, I think you'll be a prime candidate for a second go around with AMEX. That is definitely a great plan!

Re: AMEX gurus please help...

Anonymous — Thu, 03 Jun 2021 13:31:36 GMT

@babygirl1256 wrote:
Greetings JERV ~ Great that you are addressing the TU & EX two COs . . . it would be great to obtain a PFD (Pay For Delete) for both of them. There's a list on this forum of companies that do PFD and I will try to find it and post or one of the other forum members may be able to post it . . . Hopefully your 2 companies are on there. In reference to the AmEx . . . It's just my preference. American Express' website reflects Amex -and- I've seen it written all types of ways on this forum.

@babygirl1256 Hello! yes that would be even better to PFD! would like to know what entity does that? never heard of PFD....that would expedite my goal instead of waiting for the CR company (granted they've been great-BUT not sure how long will take to remove those 2 companies)

Re: AMEX gurus please help...

Anonymous — Thu, 03 Jun 2021 13:34:45 GMT

@Ficoproblems247 wrote:
@Anonymous wrote:
@Ficoproblems247 Yes, my EQ is reporting well. However, TU & EX have a couple CO's which are currently being worked on. As by removing those two my EQ shoot up over 150 pts I'm gonna wait until those couple CO's are removed before I apply with AMEX again.
I have a Capital One QS which I PIF every month but I just recently noticed there isn't more grow for that one.

If you're willing to wait it out to try until you get those COs off, I think you'll be a prime candidate for a second go around with AMEX. That is definitely a great plan!

@Ficoproblems247 would much rather PFD if I can get results faster, and hopefully don't run into the "bad luck" of having them sell that account to a third party and have this again in my credit by a different debt collector.