topic Re: Amex Clearly Saying Soft Pull Pre-Qualify Now in Credit Cards

Amex Clearly Saying Soft Pull Pre-Qualify Now

TryItAgain — Sat, 10 Sep 2022 06:27:40 GMT

Not sure if this has been posted already, did not see it.

Seems AMEX is finally doing something that every credit card company should do. Allowing you to reliably take a shot at Any of their personal cards with a promised Soft Pull only.

The URL is here- https://www.americanexpress.com/us/credit-cards/?inav=menu_cards_prequal_offer

If you do not see the banner in the 1st image, then clear your cookies just for that site and refresh, then you will.

Of course should you accept the card you pre-qualify for, and if it's your 1st Amex, you likely would receive a hard pull after. However, I like the way they are making it perfectly clear and hand holding you the entire way now, not so Vague as the wording used to be. (Images Attached)

I am not sure if it works for business cards, but this is still agreat thing. I hate hearing people waste inquires over and over again, it's best to just know up front.

Happy Hunting!

Re: Amex Clearly Saying Soft Pull Pre-Qualify Now

JR_TX — Sat, 10 Sep 2022 18:32:53 GMT

But I want a Hard Pull (BL).🤪

Re: Amex Clearly Saying Soft Pull Pre-Qualify Now

learningcredit54 — Sat, 10 Sep 2022 18:52:47 GMT

For those who read this post and dont know where you stand with Amex due to past history- this link is a great tool to see if you are on the Amex Blacklist.

I had a family member try it with their information and the reason for denial was "ARE YOU CRAZY - YOU ARE ON THE BLACKLIST". Not in those words but something along the lines of "we cant approve you because we previously closed an account of yours" - Something along those lines.

Re: Amex Clearly Saying Soft Pull Pre-Qualify Now

CreditMarathoner — Sat, 10 Sep 2022 20:32:26 GMT

Does it tell you anything when you do the soft pull approval as far as APR, limit, terms etc, like the Apple Card? That would be really cool if it did. You could try and see what you would get, and then accept if you want it and like the terms, or decline with no HP impact.

Last time I tried to prequal at Amex (for science), it said "we have nothing for you, but you can click this link to try for the Credit One Amex!" I'm almost certain this was because my reports are frozen, I can't qualify for anything without thawing them.

Re: Amex Clearly Saying Soft Pull Pre-Qualify Now

MrFiah — Sun, 11 Sep 2022 05:34:32 GMT

@CreditMarathoner wrote:
Does it tell you anything when you do the soft pull approval as far as APR, limit, terms etc, like the Apple Card? That would be really cool if it did. You could try and see what you would get, and then accept if you want it and like the terms, or decline with no HP impact.

Last time I tried to prequal at Amex (for science), it said "we have nothing for you, but you can click this link to try for the Credit One Amex!" I'm almost certain this was because my reports are frozen, I can't qualify for anything without thawing them.

No, it doesnt.. there's another thread about this as well

Re: Amex Clearly Saying Soft Pull Pre-Qualify Now

JcT21 — Sun, 11 Sep 2022 20:27:07 GMT

amex was included in my bk back in 2017. i went through with the soft pull app to see what they would say. hopefully to determine if was on their blacklist. i tried the skymiles card because ive read on here (years ago) that it was the easiest to qualify for does this mean im forever blacklisted? my 5yr mark will be this coming november. here is what they told me.....

"Thank you for applying for the Delta SkyMiles® Gold American Express Card. We're writing to let you know we cannot approve your application at this time because American Express cancelled your previous account(s).

If you have any questions, please call 1-800-222-8416 or write to us at the address above. You may qualify for a new Card in the future and are welcome to submit an application at a later date. You can also learn more about managing your credit at americanexpress.com/us/content/financial-education.

Thank you for your interest in American Express.

Sincerely,

American Express Customer Care

We've provided an important notice below concerning your rights. The creditor is American Express National Bank"

Re: Amex Clearly Saying Soft Pull Pre-Qualify Now

learningcredit54 — Sun, 11 Sep 2022 20:45:13 GMT

@JcT21 wrote:
amex was included in my bk back in 2017. i went through with the soft pull app to see what they would say. hopefully to determine if was on their blacklist. i tried the skymiles card because ive read on here (years ago) that it was the easiest to qualify for does this mean im forever blacklisted? my 5yr mark will be this coming november. here is what they told me.....

"Thank you for applying for the Delta SkyMiles® Gold American Express Card. We're writing to let you know we cannot approve your application at this time because American Express cancelled your previous account(s).

If you have any questions, please call 1-800-222-8416 or write to us at the address above. You may qualify for a new Card in the future and are welcome to submit an application at a later date. You can also learn more about managing your credit at americanexpress.com/us/content/financial-education.

Thank you for your interest in American Express.

Sincerely,

American Express Customer Care
We've provided an important notice below concerning your rights. The creditor is American Express National Bank"

I wouldnt say you are forever blacklisted but I think it is possible you may have to give it atleast 5 more years. I personally had to wait over 10 years to get off the blacklist. Seemed like forever - but they finally let me in this year. Low SL on the credit cards and low POT and internal limits on the charge cards but I am back in. Patience is key

Re: Amex Clearly Saying Soft Pull Pre-Qualify Now

Remedios — Sun, 11 Sep 2022 22:45:48 GMT

About two years ago, Amex was including SL in pre-approved offers. This did not last very long, maybe a month or so, and it didn't work for everyone.

I personally like the idea of knowing as much as possible before applying. I don't see why we are expected to blindly accept whatever when it comes to credit cards.

If I wanted to buy a couch, I wouldn't like the process if it went something like "Here is a picture of a couch, yours might be same, similar, or nothing like it. Also, if we cannot give you a couch, we might give you a barstool, you don't have a say in that, either."

With other forms of lending such as auto, PLs, mortgages, you know terms and amounts ahead of accepting, and based on that, one can make (un)informed decisions.

Credit cards, cloak and dagger for so many.

Re: Amex Clearly Saying Soft Pull Pre-Qualify Now

Wavester64 — Mon, 12 Sep 2022 18:31:22 GMT

@JR_TX wrote:
But I want a Hard Pull (BL).🤪

hahaha good stuff!

Re: Amex Clearly Saying Soft Pull Pre-Qualify Now

GZG — Mon, 12 Sep 2022 19:04:17 GMT

@Remedios wrote:
About two years ago, Amex was including SL in pre-approved offers. This did not last very long, maybe a month or so, and it didn't work for everyone.

I personally like the idea of knowing as much as possible before applying. I don't see why we are expected to blindly accept whatever when it comes to credit cards.
If I wanted to buy a couch, I wouldn't like the process if it went something like "Here is a picture of a couch, yours might be same, similar, or nothing like it. Also, if we cannot give you a couch, we might give you a barstool, you don't have a say in that, either."
With other forms of lending such as auto, PLs, mortgages, you know terms and amounts ahead of accepting, and based on that, one can make (un)informed decisions.

Credit cards, cloak and dagger for so many.

I wonder how much it would cost in order to for all lenders to go the Apple Card route and be able to provide a firm offer w/SP prior to acceptance.

Would rewards have to go down, interest have to go up, the economy have to get better?

I see no reason why it couldn't be done, but it doesn't seem there really isn't much pressure for it to happen. Perhaps law could mandate it.

Re: Amex Clearly Saying Soft Pull Pre-Qualify Now

CreditMarathoner — Mon, 12 Sep 2022 20:14:49 GMT

@GZG wrote:
I wonder how much it would cost in order to for all lenders to go the Apple Card route and be able to provide a firm offer w/SP prior to acceptance.

Would rewards have to go down, interest have to go up, the economy have to get better?

I see no reason why it couldn't be done, but it doesn't seem there really isn't much pressure for it to happen. Perhaps law could mandate it.

I don't know, but it would require changes to their software at least, to do the SP approval, calculate APR and limit and present it to the applicant before accepting. GS probably developed their card application system from the ground up with this in mind. Other FIs would have to rewrite or retrofit existing code, which sometimes (speaking as a developer) is more work than doing it from scratch.

I don't know if FIs pay the bureaus per pull or not, but doing a SP for the initial approval and then the HP when accepting might add a small cost as well.

It would be nice if mortgages worked that way too. Apply, get your offer, and only incur a hard pull once you decide to go forward. I think some banks do it this way, but at least the last few refis I did, I got hit with the HPs (all 3 bureaus) as soon as I applied, even if I didn't end up going with them.

Re: Amex Clearly Saying Soft Pull Pre-Qualify Now

Zoostation1 — Tue, 13 Sep 2022 00:59:32 GMT

I did the soft pull app just for kicks to see what they would say as a decline reason since I haven't hit 5yr 1mo post BK, and the line about receiving a letter in 10 days was expected. The unexpected part was the "You may pre-qualify for an American Express Card issued by Credit One Bank..." and are promoting appliying for it below the message. I'm well aware I would be declined but the Credit One shill took me by surprise and hope I never see that again given that they're worse than what I have currently.

Re: Amex Clearly Saying Soft Pull Pre-Qualify Now

OmarGB9 — Tue, 13 Sep 2022 04:31:13 GMT

@Zoostation1 wrote:
I did the soft pull app just for kicks to see what they would say as a decline reason since I haven't hit 5yr 1mo post BK, and the line about receiving a letter in 10 days was expected. The unexpected part was the "You may pre-qualify for an American Express Card issued by Credit One Bank..." and are promoting appliying for it below the message. I'm well aware I would be declined but the Credit One shill took me by surprise and hope I never see that again given that they're worse than what I have currently.

Yea Amex is pushing the Credit One Amex simply because it's their payment network (not because Credit One has anything to do with AENB, which is a common misconception on here).

Re: Amex Clearly Saying Soft Pull Pre-Qualify Now

TryItAgain — Tue, 13 Sep 2022 18:44:24 GMT

I knew I recognized that girl from somewhere, gotta love stock photography... Is she coming or going??

Re: Amex Clearly Saying Soft Pull Pre-Qualify Now

NoMoreE46 — Tue, 13 Sep 2022 20:23:57 GMT

Thanks for the posting this @TryItAgain.

I am sure a lot of folks will give it a spin.

Good sleuthing on those mirrored images.

Re: Amex Clearly Saying Soft Pull Pre-Qualify Now

Remedios — Wed, 14 Sep 2022 19:19:09 GMT

@CreditMarathoner wrote:
@GZG wrote:
I wonder how much it would cost in order to for all lenders to go the Apple Card route and be able to provide a firm offer w/SP prior to acceptance.

Would rewards have to go down, interest have to go up, the economy have to get better?

I see no reason why it couldn't be done, but it doesn't seem there really isn't much pressure for it to happen. Perhaps law could mandate it.
I don't know, but it would require changes to their software at least, to do the SP approval, calculate APR and limit and present it to the applicant before accepting. GS probably developed their card application system from the ground up with this in mind. Other FIs would have to rewrite or retrofit existing code, which sometimes (speaking as a developer) is more work than doing it from scratch.

I don't know if FIs pay the bureaus per pull or not, but doing a SP for the initial approval and then the HP when accepting might add a small cost as well.

It would be nice if mortgages worked that way too. Apply, get your offer, and only incur a hard pull once you decide to go forward. I think some banks do it this way, but at least the last few refis I did, I got hit with the HPs (all 3 bureaus) as soon as I applied, even if I didn't end up going with them.

No changes are needed, most of the have the ability, they just don't like it because if someone doesn't like terms, they won't go ahead and apply.

My issue is not with HP, I'm fine with those.

If you get pulls for mortgage and it's approved, you can still go to another lender, you won't have automatically get mortgage/auto loan just because you applied

With cards, if approved, you do not have the opportunity to decline, it's going on your CR even if you never activate it, and that's my 🥩 with card approvals

Re: Amex Clearly Saying Soft Pull Pre-Qualify Now

Anonymous — Wed, 14 Sep 2022 19:26:12 GMT

@Remedios wrote:

No changes are needed, most of the have the ability, they just don't like it because if someone doesn't like terms, they won't go ahead and apply.
My issue is not with HP, I'm fine with those.
If you get pulls for mortgage and it's approved, you can still go to another lender, you won't have automatically get mortgage/auto loan just because you applied
With cards, if approved, you do not have the opportunity to decline, it's going on your CR even if you never activate it, and that's my 🥩 with card approvals

While I mainly agree, I don't think that's quite apples to apples. Last time I got a mortgage, there was some application fee, which was trivial in comparison to the size of the mortgage, but like a large AF for a credit card. Is that not the case now? Also, you don't really get the mortgage until there is an appraisal which costs more money etc and quite a bit of documentation, so going with another vendor after approval would be very much the exception IMO. The process becomes too sticky. Much easier to close a credit card and live with the hit!

Re: Amex Clearly Saying Soft Pull Pre-Qualify Now

FloridaITD90 — Wed, 14 Sep 2022 20:37:25 GMT

I am actually glad they started doing this. I was denied three times in the past by them due to bankruptcy 5+ years ago. Now that they implemented this I am happy to say I was instantly approved for a Amex Marriot card SL $20k.

Re: Amex Clearly Saying Soft Pull Pre-Qualify Now

NoMoreE46 — Wed, 14 Sep 2022 22:10:18 GMT

Welcome to myFICO @FloridaITD90.

Please feel free to post your new AMEX success in the Credit Card Approvals section!