topic Re: Amex app & FR question in Credit Cards

Amex app & FR question

bichonmom — Tue, 07 Feb 2012 22:19:22 GMT

From what I understand, if you app for 2 Amex on the same day, it's only one HP. And if you already have an acct., it's a SP for a second app unless you're approved, and then it's a HP.

So, if I app on two different days and am approved for both, I get 2 HP. But if I app for both CCs on the same day, then it's only 1 HP. Is that right?

I'm wondering if apping for more than 1 Amex on the same day increases chances of FR. It seems like it might raise some eyebrows or red flags with them, when they see someone opening/apping for multiple accts on the same day. I never would have even thought about it if I hadn't read about it here.

I'd like to test the waters with Zync and then go for Costco or BCE with only one inq. But don't want to do anything that would cause problems later. I know Amex can be pretty finicky.

Has anyone who apped and/or got 2 Amex on the same day been FR'd? Or had any other kind of AA?

Thanks!

Re: Amex app & FR question

Anonymous — Tue, 07 Feb 2012 22:25:26 GMT

@bichonmom wrote:
From what I understand, if you app for 2 Amex on the same day, it's only one HP. And if you already have an acct., it's a SP for a second app unless you're approved, and then it's a HP.

So, if I app on two different days and am approved for both, I get 2 HP. But if I app for both CCs on the same day, then it's only 1 HP. Is that right?

I'm wondering if apping for more than 1 Amex on the same day increases chances of FR. It seems like it might raise some eyebrows or red flags with them, when they see someone opening/apping for multiple accts on the same day. I never would have even thought about it if I hadn't read about it here.

I'd like to test the waters with Zync and then go for Costco or BCE with only one inq. But don't want to do anything that would cause problems later. I know Amex can be pretty finicky.

Has anyone who apped and/or got 2 Amex on the same day been FR'd? Or had any other kind of AA?

Thanks!

I have been with Amex since 2004 and applied for 2 cards the same day in January. First applied for Blue Sky and instantly approved for $9,100 Then a minute later applied for the Gold Delta Sky Miles and said my application is under review. Checked online for status and still said pending. Checked again the next day and still said pending. A couple days later checked again and this time said approved! So far I have gotten both cards and have used the Blue Sky plus have gotten them to lower the APR on my Delta Sky without even using it once yet.

Have you ever had an Amex card in the past?

Re: Amex app & FR question

learnin113 — Tue, 07 Feb 2012 22:28:50 GMT

I say do both apps on the same day. Do the Zync first so if you get approved, you will be emboldened to app again, maybe even lucky to only get one pull. If u don't get approved for the Zync, you will know not to even put your finger close to BCE or Costco cuz it will not happen. Good luck.

Re: Amex app & FR question

Anonymous — Tue, 07 Feb 2012 22:33:58 GMT

Bichonmom, you will get two hp if you applied for Zync and Costco on the same day. For the Costco card they would have to sent it to Costco for membership verify. Once Costco send it back to Amex for confirmation that is the date that it would show as your application date. Usually about a week after you intially applied. You might want to op for Zync and BCE if you don't want a second pull. I learned it the hard way....

Re: Amex app & FR question

bichonmom — Tue, 07 Feb 2012 23:03:27 GMT

Well, my plan would be to app for Zync at home. And if approved, drive to Costco and app at the store. Others here posted that if you do that, there isn't a delay because Costco verifies your m'ship at the store.

My biggest concern is really that it would raise a red flag with them to see multiple apps on the same day.

Re: Amex app & FR question

Anonymous — Tue, 07 Feb 2012 23:16:38 GMT

NO red flag for me, go for it...but then I have happy fingers when it comes to applying for credit cards. My EX fako at the time was 748, it has dropped 6points with 2inqs from Amex and 1 from Chase....

Re: Amex app & FR question

Anonymous — Tue, 07 Feb 2012 23:42:37 GMT

@bichonmom wrote:
Well, my plan would be to app for Zync at home. And if approved, drive to Costco and app at the store. Others here posted that if you do that, there isn't a delay because Costco verifies your m'ship at the store.

My biggest concern is really that it would raise a red flag with them to see multiple apps on the same day.

Is the Costco better than BCE?

Re: Amex app & FR question

bichonmom — Wed, 08 Feb 2012 00:19:21 GMT

@Anonymous wrote:
Is the Costco better than BCE?

@I don't know... I really would like them both because I do a lot of shopping @ Costco and the rewards are different for each card. But I don't want to go completely overboard and try for all 3 at once.

I don't really want Zync at all. It won't help w/m util and will cost $25 a year, and from what I've read, the rewards aren't that great. It's more of a strategic decision so if I don't get approved for Costco (or BCE), then hopefully I would at least have a foot in the door w/Zync (tho, no guarantee of approval there, either!).

And my hope is that I'll be able to get backdating, but can't know that for sure either because I don't have records dating back to the 80s! All I have is a CC# from an EX CR, which I've read here doesn't correspond to any number in Amex's system.

Re: Amex app & FR question

pizzadude — Wed, 08 Feb 2012 00:48:42 GMT

You won't get a FR for submitting two apps on the same day. If you do this repeatedly for months at a time, closing and reopening cards, etc..., then you will get FR'd.

Re: Amex app & FR question

bichonmom — Wed, 08 Feb 2012 01:35:37 GMT

Does anyone know if they tend to match your highest CL?

Right now, my highest CL reporting is $2200 w/Barclays. But I just got a CLI with my CU to $2500. It won't show up on my CR until around the 20th of this month, after the stmt cuts. So, I was thinking that it might be better to wait to app w/Amex until after the CLI reports. That way, they'll see 3 CCs w/decent limits: $2k NFCU, $2.5K CU, $2.2K Barclays. Without the CLI, I have 3 low limit CCs: $500 CapONe, $750 CapOne, $500 CU.

Just thinking about what their perspective might be when they're looking at the reports. Also, I have read here that some CCCs are likely to match, but not go over, your highest CL.

Re: Amex app & FR question

LS2982 — Wed, 08 Feb 2012 01:53:24 GMT

@bichonmom wrote:
From what I understand, if you app for 2 Amex on the same day, it's only one HP. And if you already have an acct., it's a SP for a second app unless you're approved, and then it's a HP.

So, if I app on two different days and am approved for both, I get 2 HP. But if I app for both CCs on the same day, then it's only 1 HP. Is that right?

I'm wondering if apping for more than 1 Amex on the same day increases chances of FR. It seems like it might raise some eyebrows or red flags with them, when they see someone opening/apping for multiple accts on the same day. I never would have even thought about it if I hadn't read about it here.

I'd like to test the waters with Zync and then go for Costco or BCE with only one inq. But don't want to do anything that would cause problems later. I know Amex can be pretty finicky.

Has anyone who apped and/or got 2 Amex on the same day been FR'd? Or had any other kind of AA?

Thanks!

I don't think you'll get F/R'ed Bichon, At the most you'd be approved for charge and declined for revolver. Or you might get both!!

Re: Amex app & FR question

Anonymous — Wed, 08 Feb 2012 01:58:00 GMT

Amex started me well above my highest card, and about $2000 above the highest card I'm an AU on. The are uber generous with their CL!

Re: Amex app & FR question

pizzadude — Wed, 08 Feb 2012 02:20:23 GMT

And even if the don't give you a huge CL to start, you can always request 3X after 60 days.

Re: Amex app & FR question

LS2982 — Wed, 08 Feb 2012 02:21:42 GMT

@pizzadude wrote:
And even if the don't give you a huge CL to start, you can always request 3X after 60 days.

Re: Amex app & FR question

Open123 — Wed, 08 Feb 2012 02:21:45 GMT

Applying for 2 cards in a single day won't lead to an FR, but if you kept doing it and closing cards just for the sign up bonuses, then I'm sure it will.

I would apply for the Zync first, then the BCE. From my dealings with AmEx, they seem to offer on average much higher CLs than other cards. CLs of 10k+ are pretty common with AmEx cards.

Re: Amex app & FR question

Anonymous — Wed, 08 Feb 2012 02:44:29 GMT

I could be wrong, but from what I understand it'll only be one pull IF it's the same type of product and both applications are approved on the same day. I.e. a Zync and Gold, for example. I'm pretty sure people were saying that if you apply for a charge and revolver, you still end up with (at least) 2 HPs. Also, if they're not approved on the same day, they might do another HP when the second application is processed.

Plus if your first application gets denied, then they'll cancel your other applications for 30 days.

Re: Amex app & FR question

bichonmom — Wed, 08 Feb 2012 03:01:49 GMT

@Anonymous wrote:
I could be wrong, but from what I understand it'll only be one pull IF it's the same type of product and both applications are approved on the same day. I.e. a Zync and Gold, for example. I'm pretty sure people were saying that if you apply for a charge and revolver, you still end up with (at least) 2 HPs. Also, if they're not approved on the same day, they might do another HP when the second application is processed.

Plus if your first application gets denied, then they'll cancel your other applications for 30 days.

Well, that sheds an entirely different light on it, then. Maybe I should forgo the Zync since I don't really care about it, and wait and app for the Costco card. I definitely don't want 2 inq if it's avoidable. Actually, I'd rather have Costco and BCE since their rewards structures are different. So, maybe I should app for one and if approved, app for the second on the same day.

All this planning and trying to predict the CCCs is giving me a headache!

Re: Amex app & FR question

LS2982 — Wed, 08 Feb 2012 03:07:46 GMT

Why not try for one revolver now, give it a year history and gain another then? the rest of your INQ's will be non factored and your scores will be better!

Re: Amex app & FR question

CS800 — Wed, 08 Feb 2012 03:09:59 GMT

In my experience. I applied for the Zync and the Platinum within 24 hours and only one HP was used. I always thought it would be two if it was a different day.

Re: Amex app & FR question

CS800 — Wed, 08 Feb 2012 03:12:44 GMT

@bichonmom wrote:
Does anyone know if they tend to match your highest CL?

Right now, my highest CL reporting is $2200 w/Barclays. But I just got a CLI with my CU to $2500. It won't show up on my CR until around the 20th of this month, after the stmt cuts. So, I was thinking that it might be better to wait to app w/Amex until after the CLI reports. That way, they'll see 3 CCs w/decent limits: $2k NFCU, $2.5K CU, $2.2K Barclays. Without the CLI, I have 3 low limit CCs: $500 CapONe, $750 CapOne, $500 CU.

Just thinking about what their perspective might be when they're looking at the reports. Also, I have read here that some CCCs are likely to match, but not go over, your highest CL.

If I can give you some hope, I have the BCE and got a full 3X after 61 days. And you will see that a lot of people have been gettign the 3X.