topic Re: AmEx Approved!!! in Credit Cards

AmEx Approved!!!

KeepSwimming — Fri, 15 Apr 2011 01:56:15 GMT

I had 8 years of excellent, clean credit history. Back in 2008/2009 my job went bust, and I fell behind on car, 2 credit cards, and some student loans. It dinged me for 3-5 months, depending on the line item.

I caught up everything by August of 2009, both cards got closed but paid in full, and I waited awhile. In May of last year, I app'd and got a Capital One, $500 limit, then up to $700 on the Credit Steps program. I was also approved for a car loan. I've run charges on Cap One every month and PIF constantly, and have kept everything else up to date or paid ahead.

I started getting AmEx offers, and I told myself that would be my reward for getting back on track. I got an alert that my EQ was up to 741 last week (what a climb from the low 600s before I found MyFico!), and realized I'm at the 1 yr mark for my CapOne inquiry, with none since then....I pulled the trigger on a Classic tonight and was instantly approved.

Feel like I finally made it back to where I was. Thanks to everyone on here who continues to give such great advice. To anyone struggling, don't give up....you'll get there.

Re: AmEx Approved!!!

DI — Fri, 15 Apr 2011 01:58:33 GMT

Congratulations!! Great story and glad things are back on track for you.

Re: AmEx Approved!!!

tsquad131 — Fri, 15 Apr 2011 05:36:10 GMT

what amex card did you get approved for?

Re: AmEx Approved!!!

Anonymous — Fri, 15 Apr 2011 06:15:16 GMT

CONGRATS!!! I have the HHonors AMEX, what did you pick?

I also have a Citi branded card on the network, just not the same!

Re: AmEx Approved!!!

Anonymous — Fri, 15 Apr 2011 12:26:35 GMT

Good job getting everything back in line! It is hard to do - I have been there twice. Never again!

Congrats!

Ray

Re: AmEx Approved!!!

breakthecycle — Fri, 15 Apr 2011 12:43:41 GMT

That's great enjoy the card. I just got into the Amex world a few months ago, and now have 2. Keep up the good work! I'm with you Ray I never want to go back to rebuilding again, very painful, frustrating and miss out on many things.

Re: AmEx Approved!!!

Anonymous — Fri, 15 Apr 2011 12:53:32 GMT

Nice success story! Congrats and keep up the good work!

Re: AmEx Approved!!!

KeepSwimming — Fri, 15 Apr 2011 13:38:47 GMT

Thanks, all!

I got the Classic for now. I was pre-approved for the Gold, but it didn't have anything additional I was really interested in....the Premier Rewards interested me, but since I wasn't pre-approved for that one, I didn't want to push my luck so I played it safe and just used the INQ on the Classic.

Re: AmEx Approved!!!

Anonymous — Fri, 15 Apr 2011 13:50:43 GMT

@KeepSwimming wrote:
I had 8 years of excellent, clean credit history. Back in 2008/2009 my job went bust, and I fell behind on car, 2 credit cards, and some student loans. It dinged me for 3-5 months, depending on the line item.

I caught up everything by August of 2009, both cards got closed but paid in full, and I waited awhile. In May of last year, I app'd and got a Capital One, $500 limit, then up to $700 on the Credit Steps program. I was also approved for a car loan. I've run charges on Cap One every month and PIF constantly, and have kept everything else up to date or paid ahead.

I started getting AmEx offers, and I told myself that would be my reward for getting back on track. I got an alert that my EQ was up to 741 last week (what a climb from the low 600s before I found MyFico!), and realized I'm at the 1 yr mark for my CapOne inquiry, with none since then....I pulled the trigger on a Classic tonight and was instantly approved.

Feel like I finally made it back to where I was. Thanks to everyone on here who continues to give such great advice. To anyone struggling, don't give up....you'll get there.

Congratulations! I love hearing successful rebuilding stories. They're so encouraging for those of us who are working on our own rebuilds. Best of luck to you from here on out!

Re: AmEx Approved!!!

smc733 — Fri, 15 Apr 2011 14:13:19 GMT

What in the heck is the Amex Classic?

Re: AmEx Approved!!!

KeepSwimming — Fri, 15 Apr 2011 14:14:32 GMT

Just the plain ol' green card.

Re: AmEx Approved!!!

smc733 — Fri, 15 Apr 2011 14:35:38 GMT

@KeepSwimming wrote:
Just the plain ol' green card.

Gotcha, the card that sets industry standards. Great card to have, you should be able to product change to Gold in 13 months.

Re: AmEx Approved!!!

KeepSwimming — Fri, 15 Apr 2011 16:19:55 GMT

Ah, good to know! Thanks, I figure I'll upgrade at some point. I really wrestled with whether to go for Gold right away, but I was afraid I'd push my luck and waste the INQ.

Re: AmEx Approved!!!

Anonymous — Fri, 15 Apr 2011 16:42:39 GMT

Just FYI, in my experience if you don't get approved for one of the products, you can apply for a different one immediately and it will use the same INQ. That's what happened to me, when I was rejected for the Blue, but was approved for the Delta Gold, with the same pull. I guess YMMV though...

Re: AmEx Approved!!!

smc733 — Fri, 15 Apr 2011 16:59:30 GMT

@Anonymous wrote:
Just FYI, in my experience if you don't get approved for one of the products, you can apply for a different one immediately and it will use the same INQ. That's what happened to me, when I was rejected for the Blue, but was approved for the Delta Gold, with the same pull. I guess YMMV though...

I always thought that if you get one approval, you can go for another, but a decline puts a hold on new apps for 30 days.

Re: AmEx Approved!!!

Anonymous — Fri, 15 Apr 2011 19:09:39 GMT

@smc733 wrote:

@Anonymous wrote:
Just FYI, in my experience if you don't get approved for one of the products, you can apply for a different one immediately and it will use the same INQ. That's what happened to me, when I was rejected for the Blue, but was approved for the Delta Gold, with the same pull. I guess YMMV though...
I always thought that if you get one approval, you can go for another, but a decline puts a hold on new apps for 30 days.

For me it worked. Went for the Blue first, declined, and immediately after tried for the Delta and was approved instantly. Don't know what would happen if you get 7-10 day message though, they might put a hold on other apps if that's the case...

Re: AmEx Approved!!!

Anonymous — Fri, 15 Apr 2011 20:41:45 GMT

Very nice success story! Congrats!!