topic Re: Should I App for Amex Gold Or Green? in Credit Cards

Should I App for Amex Gold Or Green?

FicoTron — Wed, 14 Mar 2012 19:16:32 GMT

The annual fee difference doesn't bother me, and I don't wan't a Zync because the rewards aren't the same and it can't be upgraded. I am pre-selected on the website for both Green and Gold, yet have only recieved a mail offer for the Green. I definitely want the Gold, but don't want to be denied when i could have gotten the Green. My question is if there is a big difference between them, approval-wise. Here are my current EX stats, assuming they pull from there.

Approximate score 670-700

AAoA-5+ years

2 open credit cards with nearly 2 years perfect history

student loan with a transferred/sold status (it will report as open again starting next month, but I feel like not having the large balance reporting is better, even though it is an installment account???)

2 30 day lates from 6 years ago

1 paid CO for $443 from 2006 which I paid in December 2011

Should I app?

Re: Should I App for Amex Gold Or Green?

Anonymous — Wed, 14 Mar 2012 19:27:17 GMT

Green and gold have the same criteria. Do you travel any? If so, gold is slightly better. Unless you mean PR gold, which has the point multipliers.

Re: Should I App for Amex Gold Or Green?

Anonymous — Wed, 14 Mar 2012 19:31:14 GMT

I think you should go ahead and go for Gold. I really don't think there's any difference in approval criteria and I'd think you stand a good chance of approval.

Re: Should I App for Amex Gold Or Green?

Smerri1029 — Wed, 14 Mar 2012 19:34:40 GMT

There's no difference in approval criteria. Go for the Gold (or PR Gold) if that better suits you.

Re: Should I App for Amex Gold Or Green?

boomhower — Wed, 14 Mar 2012 19:41:57 GMT

Yep, approval criteria is the same for both. Go with whichever suits your spending patterns/benefit needs better. Good luck!

Re: Should I App for Amex Gold Or Green?

Anonymous — Wed, 14 Mar 2012 19:48:29 GMT

Fwiw, I have the Green and am going to upgrade to the Gold very soon. The AF difference is only a few bucks.

Re: Should I App for Amex Gold Or Green?

FicoTron — Wed, 14 Mar 2012 19:53:15 GMT

right...the early access to event tickets is actually worth the extra $30 for me alone. Just wanted to get some solid feedback on weather the criteria is the same for each card...I have to assume that it is at least a little different for the PR Gold. Does anyone have a differing opinion that the other posters in that the criteria is the same?

Re: Should I App for Amex Gold Or Green?

shane82388 — Thu, 15 Mar 2012 02:44:48 GMT

@Anonymous wrote:
Fwiw, I have the Green and am going to upgrade to the Gold very soon. The AF difference is only a few bucks.

ahh yeah for some reason i thought it was $175 not $125....

either way, theres pretty much no difference between Green and Gold so if you wanted to just get a card to use and have the general benefits of an AMEX then Green isnt a bad choice and will save you the most money.

I have Green and have no Gold envy. Seems like the extra couple bucks isnt much but if you arent getting much whats the point...?

Re: Should I App for Amex Gold Or Green?

Anonymous — Thu, 15 Mar 2012 03:12:49 GMT

@FicoTron wrote:
right...the early access to event tickets is actually worth the extra $30 for me alone. Just wanted to get some solid feedback on weather the criteria is the same for each card...I have to assume that it is at least a little different for the PR Gold. Does anyone have a differing opinion that the other posters in that the criteria is the same?

Amex themselves say its the same. Green is there as a legacy card, adding to the 'prestige' of gold and plat. Early access is nice but is for big cities. Just something to be aware of if going solely for presales.

Re: Should I App for Amex Gold Or Green?

FicoTron — Thu, 15 Mar 2012 04:14:22 GMT

Thanks for the info. It seems like its a pretty sure thing that the criteria is identical for each card. Now I guess it's in the hands of the Amex computers...and after that a recon if necessary. I am kind of looking for someone to talk me out of this app, but...

Re: Should I App for Amex Gold Or Green?

FicoTron — Thu, 15 Mar 2012 04:24:30 GMT

Should I not app with that chargeoff showing? It was 180 late in 2006 then when I paid it in December 2011 it updated to a paid CO....will I be denied due to this? Or is it considered a 6 year old CO?

Re: Should I App for Amex Gold Or Green?

LS2982 — Thu, 15 Mar 2012 10:16:03 GMT

@FicoTron wrote:
Should I not app with that chargeoff showing? It was 180 late in 2006 then when I paid it in December 2011 it updated to a paid CO....will I be denied due to this? Or is it considered a 6 year old CO?

IMO, they may hold it against you but I think your other stats are good enough for them to overlook it since its paid.

Re: Should I App for Amex Gold Or Green?

FicoTron — Thu, 15 Mar 2012 15:42:34 GMT

Hopefully. I'm home sick today, I don't want to app til I feel better. Probably tomorrow.

Re: Should I App for Amex Gold Or Green?

Anonymous — Thu, 15 Mar 2012 15:48:13 GMT

Superstitious?

Re: Should I App for Amex Gold Or Green?

FicoTron — Thu, 15 Mar 2012 15:59:32 GMT

No I'm laid out, if I have too go back and forth with a rep I want to sound professional.

Re: Should I App for Amex Gold Or Green?

Anonymous — Thu, 15 Mar 2012 16:05:06 GMT

Makes sense. Get well!

Re: Should I App for Amex Gold Or Green?

FicoTron — Fri, 16 Mar 2012 14:47:48 GMT

I really hope there is no difference in approval rates from green to gold. I'm starting to think I could get the Zync with no problem, but the rewards aren't nearly as good.

Re: Should I App for Amex Gold Or Green?

Anonymous — Fri, 16 Mar 2012 14:54:59 GMT

Go for what you want.

I think you might be a little too cautious at this point. It's always seemed like you've had your eye on the Gold.

Re: Should I App for Amex Gold Or Green?

Anonymous — Fri, 16 Mar 2012 15:17:05 GMT

They're all the same... Go for it!

Re: Should I App for Amex Gold Or Green?

FicoTron — Fri, 16 Mar 2012 16:12:20 GMT

If I wait til next month to app, my student loans will be on my report again. This will raise my score over 700, but it will add 13k more debt. Plus my AAoA will go from about 5 to 10 years. The bad part is I have deferred these loans for a really long time, and I've seen Amex deny people because the "loan balance is too high compared to how long the account has been open". So that's why I think I should app before that happens, or should I? I am really on the fence here! It's killing me.