topic Re: American Express card possible approval maybe in Credit Cards

American Express card possible approval maybe

Darrin73 — Sun, 23 Jan 2022 20:52:22 GMT

629 fico 8 score 2 baddies 2 inquiries 2 lates 2 years ago. What are my chances n which card would be the easiest

Re: American Express card possible approval maybe

coldfusion — Sun, 23 Jan 2022 21:06:33 GMT

With a FICO 8 score of 629 your odds of approval are going to be pretty poor regardless of which AMEX card you apply for.

Odds improve somewhat with a score over 650 but you really want to have an EX FICO 8 score in the 670-680 range to have reasonable odds of approval.

Do you have a BK reporting and if so a) when was it discharged, and b) was AMEX IIB?

Re: American Express card possible approval maybe

Darrin73 — Sun, 23 Jan 2022 22:07:16 GMT

No bk

Re: American Express card possible approval maybe

coldfusion — Sun, 23 Jan 2022 23:26:33 GMT

If there is a BK reporting less than 61 months old AMEX will not approve regardless of how good one's post-BK history is, which is why I asked.

I wouldn't say you have no chance as there have been people with scores close to yours who have been approved but the odds are very much against you right now.

Re: American Express card possible approval maybe

Darrin73 — Sun, 23 Jan 2022 23:38:24 GMT

Yea I'm making payments towards my navy federal accounts to make them whole again this is what's hurting my scores

@coldfusion wrote:
If there is a BK reporting less than 61 months old AMEX will not approve regardless of how good one's post-BK history is, which is why I asked.

I wouldn't say you have no chance as there have been people with scores close to yours who have been approved but the odds are very much against you right now.

Re: American Express card possible approval maybe

OmarGB9 — Mon, 24 Jan 2022 00:28:55 GMT

I would definitely hold off. I tried applying with Amex twice last year - once with scores in your range, once with scores in the 650 range. Both times I still had one unpaid CO and 6 paid. It wasn't until I paid off that last CO and brought my scores up to 680 along with 7% utilization that I got approved - and even then, it was borderline ($1k SL and double HP - 1 on EX and 1 on TU).

Re: American Express card possible approval maybe

4sallypat — Mon, 24 Jan 2022 02:52:20 GMT

You may want to get some starter / subprime cards like Capital One, Discover, Merrick...

I had to do that to build up credit until I got to the high 600s before I applied for anything decent...

Re: American Express card possible approval maybe

Darrin73 — Mon, 24 Jan 2022 03:22:39 GMT

I have discover Ollo credit one Amex version first Premire I have credit like I said my baddies are was holding my scores down that I'm paying on

Re: American Express card possible approval maybe

Yasselife — Mon, 24 Jan 2022 03:35:31 GMT

Are you currently doing AZEO? Maybe that could raise your scores enough to be approved.
I've got in with mid 600s, but was denied the bonus... $1000 starting limit 5 yrs ago.

@Darrin73

Re: American Express card possible approval maybe

Darrin73 — Mon, 24 Jan 2022 03:39:53 GMT

I'll try that for awhile n see what happens

Re: American Express card possible approval maybe

OmarGB9 — Mon, 24 Jan 2022 03:51:47 GMT

@Yasselife wrote:
Are you currently doing AZEO? Maybe that could raise your scores enough to be approved.
I've got in with mid 600s, but was denied the bonus... $1000 starting limit 5 yrs ago.
@Darrin73

5 years ago the lending landscape was very different...right now getting in with prime lenders seems to require at least 680+ scores and few to no baddies.

Re: American Express card possible approval maybe

bigseegar — Mon, 24 Jan 2022 13:10:07 GMT

@Darrin73 wrote:
629 fico 8 score 2 baddies 2 inquiries 2 lates 2 years ago. What are my chances n which card would be the easiest

Unfortunately pretty much slim to none. Your score is far too low plus AmEx doesn't like baddies and lates at all, esp that recent. Get those baddies taken care of and work on getting your score up to at least 660 and even better yet a 680 and try in about another year.

Re: American Express card possible approval maybe

SoCalGardener — Mon, 24 Jan 2022 22:41:10 GMT

@4sallypat wrote:
You may want to get some starter / subprime cards like Capital One, Discover, Merrick...

Discover?! Subprime? I've never thought of Discover as subprime.

I know Capital One has some cards aimed at subprime customers, but even so I don't consider them a subprime bank, overall.

What am I missing?!

Re: American Express card possible approval maybe

FinStar — Tue, 25 Jan 2022 02:22:50 GMT

@SoCalGardener wrote:
@4sallypat wrote:
You may want to get some starter / subprime cards like Capital One, Discover, Merrick...

Discover?! Subprime? I've never thought of Discover as subprime.

I know Capital One has some cards aimed at subprime customers, but even so I don't consider them a subprime bank, overall.

What am I missing?!

Semantics aside, their comment stated "starter / subprime" as a generalization of the lenders they listed without being specific. So, Discover has been known as a "starter" type of lender for a variety of individuals, whether it's a secured or student card, for example.