topic Re: Pre Selected for a Amex......Please help in Credit Cards

Pre Selected for a Amex......Please help

Anonymous — Tue, 06 Apr 2010 20:11:46 GMT

I went online to do the pre approval for amex it came back stating that i was pre selected for a

Perferred rewards gold card or American Express Preferred Rewards Green Card... What does this mean?

Thanks

Re: Pre Selected for a Amex......Please help

tray — Tue, 06 Apr 2010 20:27:36 GMT

In October of last year, I went to the same pre-select site and was also offered the same cards, I went ahead with the full app and went with the green card instead of the gold and was approved. I feel you have a shot for either card if nothing changed on your cr. If you are interested with a American Express card and willing to take an inquiry hit if I was you I would do it. For me American Express has treated me very will, I upgraded to the gold card a month later in November of last year, and in Febuary of this year was invited for the premier gold card with annual fee waived and 10,000 bonus points I app was approved, and was even given most of my annual fee back I paid on the green card. Foremost they are considered a Prime Bank. Good Luck in whatever you do.

Re: Pre Selected for a Amex......Please help

Anonymous — Tue, 06 Apr 2010 20:35:07 GMT

The annual fee is waived for the first year and then $95 thereafter.. but when i went to apply the page stated $450 year wth???

Re: Pre Selected for a Amex......Please help

tray — Tue, 06 Apr 2010 21:00:36 GMT

@Anonymous wrote:
The annual fee is waived for the first year and then $95 thereafter.. but when i went to apply the page stated $450 year wth???

The $450.00 is the fee for the platinum charge card. The on-line app site could be screwing up today. If I were you I would hold off and wait or you can call American Express and see what is going on if there is any problems and explain your situation. I know when I app for the green card fee $95.00 never was given the option for the 1st year waived and never had $450.00 stated on my app.

Re: Pre Selected for a Amex......Please help

Anonymous — Tue, 06 Apr 2010 21:03:07 GMT

Does this card show your credit limit?

Re: Pre Selected for a Amex......Please help

Anonymous — Tue, 06 Apr 2010 21:03:34 GMT

Does this card show your credit limit?

Thanks Tray for your feedback

Re: Pre Selected for a Amex......Please help

tray — Tue, 06 Apr 2010 21:20:02 GMT

@Anonymous wrote:
Does this card show your credit limit?

Thanks Tray for your feedback

No, the charge cards do not show a limit, although you can call American Express and they can tell you pretty much how much you can charge. I feel with American Express they have to get to know your charges and payment patterns. But this past weekend I had to purchase something over $1,000.00 so I called and spoke with a rep and told her that I needed to make a purchase of $1,500.00 and would it go through and the rep came back and told me yes. I should have question for a higher limit just to see but for having an American Express charge card for 6 months I am okay with this. So you would be able to find out how much you can charge.

Re: Pre Selected for a Amex......Please help

Anonymous — Tue, 06 Apr 2010 21:21:13 GMT

The charge cards do not have credit limits. They usually report highest balance.

Re: Pre Selected for a Amex......Please help

Anonymous — Tue, 06 Apr 2010 21:33:59 GMT

So could I apply for the Amex delta Skymiles and be approved? I really want the credit limit to show on my reports

Re: Pre Selected for a Amex......Please help

smallfry — Tue, 06 Apr 2010 21:39:14 GMT

When I tried the pre app site I was approved for the Green and Gold Rewards cards. This doesn't mean you would only be approved for those cards. I applied for Blue Cash and was approved. That was not on my pre app page. What are your scores new accounts yada yada?

Re: Pre Selected for a Amex......Please help

Anonymous — Wed, 07 Apr 2010 12:55:37 GMT

My Eq is 636 aaoa 1 year. 3 inq on EQ. Not sure which report is pulled. Highest CL Carecredit 4000. Lowest Discover 300. A few baddies but all older than 4 years. No lates

Re: Pre Selected for a Amex......Please help

cdtotten — Wed, 07 Apr 2010 13:04:04 GMT

AMEX always pull EXP, but with that score range, baddies, and what appears to be a very limited CC profile if your highest line is not a real bank card (didn't even know Discover gave $300 CLs), I wouldn't app for a charge card. You may have a chance for a signature card, but that profile does not fit AMEX's style at all.

Re: Pre Selected for a Amex......Please help

Anonymous — Wed, 07 Apr 2010 13:08:52 GMT

I have a BOA 1000.. The discover is through hsbc. I do not want the charge I want the delta sky miles amex

Re: Pre Selected for a Amex......Please help

cdtotten — Wed, 07 Apr 2010 14:20:53 GMT

The Delta Gold/Platinum cards are charge cards (not signature cards). They allow you to rotate a monthly balance. The Amex Zinc/Green/Gold/Platinum are the signature cards you must pay in full each month. It is typically a lot easier to get approved for a signature card because you are less risk.

I'm not trying to knock your credit standing at all, but it doesn't appear you have many (if any) prime cards and/or decent credit limits. In addition, you have baddies on your report and low scores. Typically baddies on your report and low scores = denial from AMEX... they are a prime lender.

I would recommend you try to open a CC with a local (or national) CU. They will provide better interest rates, better limits, and be more flexible in approval.

Re: Pre Selected for a Amex......Please help

Anonymous — Wed, 07 Apr 2010 15:15:16 GMT

Can you give more examples of prime cards?

Re: Pre Selected for a Amex......Please help

Anonymous — Wed, 07 Apr 2010 15:29:34 GMT

Nevermind, I searched.

Re: Pre Selected for a Amex......Please help

cdtotten — Wed, 07 Apr 2010 16:40:46 GMT

Biggest prime lenders are Chase, Amex, Discover, and most Citi products.

Re: Pre Selected for a Amex......Please help

smallfry — Wed, 07 Apr 2010 20:41:51 GMT

OP AMEX might pull all 3 for any product with a dirty report. I know they did on me a few years ago when I applied.