topic Re: Urgent advise regarding Application of Amex Card in Credit Cards

Urgent advise regarding Application of Amex Card

Anonymous — Thu, 02 Aug 2012 17:40:04 GMT

Hi all,

I applied for a chase sapphire card (approved isntant) and I am thikning of aplying for an Amex card. So that I don't have to get another credit hit on my report.

I may be wrong, but before I apply I wnated to know that if I apply for other cards today, It will all be single inquiry.

The cards I am thinking are

Amex gold

Amex costco

Amex starwood

Capone venture

Which should I apply for?

Re: Urgent advise regarding Application of Amex Card

pizzadude — Thu, 02 Aug 2012 17:44:45 GMT

@Anonymous wrote:
Hi all,

I applied for a chase sapphire card (approved isntant) and I am thikning of aplying for an Amex card. So that I don't have to get another credit hit on my report.

I may be wrong, but before I apply I wnated to know that if I apply for other cards today, It will all be single inquiry.

The cards I am thinking are

Amex gold
Amex costco
Amex starwood

Capone venture

Which should I apply for?

No, it will count as a new inquiry. FICO scores credit card inquiries individually ~ only auto, mortgage, or student loan inquiries within a certain window are counted as one inquiry.

Re: Urgent advise regarding Application of Amex Card

iMacDrew — Thu, 02 Aug 2012 17:49:12 GMT

If you dont already have an Amex card and are in fact approved then you will still get a hard pull. And all those cards are different. Gold is a charge. Costco is cash back accumulaTed cash back. And spg is rewards for hotels or flights. Gold and spg are similar except the fact that gold is a charge card.

Re: Urgent advise regarding Application of Amex Card

Anonymous — Thu, 02 Aug 2012 17:45:20 GMT

Are you of the understanding that applying for 5 different cards all count as one inquiry?
That's what it's reading like in your post.

All of the AMEX's MIGHT count as one inquiry, MIGHT... but CapOne will be a lovely three-pull from what I've read.

Re: Urgent advise regarding Application of Amex Card

injustifiiable — Thu, 02 Aug 2012 17:46:34 GMT

@Anonymous wrote:
Hi all,

I applied for a chase sapphire card (approved isntant) and I am thikning of aplying for an Amex card. So that I don't have to get another credit hit on my report.

I may be wrong, but before I apply I wnated to know that if I apply for other cards today, It will all be single inquiry.

The cards I am thinking are

Amex gold
Amex costco
Amex starwood

Capone venture

Which should I apply for?

If you aren't an existing AMEX cardholder, you will get a hit regardless of whether you're approved or denied.

Existing cardholders, who apply while logged in, will get a HP if approved, SP if denied.

Some have had luck applying for a charge and revolver in the same day and getting only a single hit, of course, YMMV.

Re: Urgent advise regarding Application of Amex Card

learnin113 — Thu, 02 Aug 2012 17:47:03 GMT

Oh boy. You will not be able to secure multiple credit approvals from MULTIPLE creditors with a single hard pull.

Re: Urgent advise regarding Application of Amex Card

gettnthere — Thu, 02 Aug 2012 17:47:52 GMT

No, if you apply for those cards you will receive a inquiry on each regardless of whether its the same day or not. Now with that being said you MIGHT receive only 1 inquiry from AMEX if you apply for more than one of THEIR products. Its all just a YMMV situation, but you will definitely receive at least 2 inquiries if you apply for AMEX and CAPITAL ONE

Re: Urgent advise regarding Application of Amex Card

trumpet-205 — Thu, 02 Aug 2012 17:47:53 GMT

@Anonymous wrote:
Hi all,

I applied for a chase sapphire card (approved isntant) and I am thikning of aplying for an Amex card. So that I don't have to get another credit hit on my report.

I may be wrong, but before I apply I wnated to know that if I apply for other cards today, It will all be single inquiry.

The cards I am thinking are

Amex gold
Amex costco
Amex starwood

Capone venture

Which should I apply for?

Nope. It will have a new inquiry.

Re: Urgent advise regarding Application of Amex Card

Anonymous — Thu, 02 Aug 2012 18:07:38 GMT

Thanks for clarifying that up. I was confusing it with auto, mortgage etc.

In that case its better to wait a few months and then apply for an Amex.

Ona side note, how long before gettinga home mortgage should you stop applying. In other words, I f i am plalning to buy a house next year should my alst application be atleast 6 months before that?

Re: Urgent advise regarding Application of Amex Card

Anonymous — Thu, 02 Aug 2012 18:13:11 GMT

@Anonymous wrote:
Thanks for clarifying that up. I was confusing it with auto, mortgage etc.

In that case its better to wait a few months and then apply for an Amex.

Ona side note, how long before gettinga home mortgage should you stop applying. In other words, I f i am plalning to buy a house next year should my alst application be atleast 6 months before that?

At a minimum of 6 months. Remember inquiries hurt you for 1 year so ideally a year before.

As for apping for cards now, go for it. Sure you are hurt a little by the CSP, but better to get it over with and have inquiries age at same time. 3 or so inquiries aren't a big deal.

Re: Urgent advise regarding Application of Amex Card

Anonymous — Thu, 02 Aug 2012 20:48:29 GMT

Applying for multiple Amex products in one day may be only one pull or may not be. As for which one, it depends on your spending habbits and what you want from your rewards. Though I think the SPG card is the most popular amongst Amex employees and they generally consider it the best, that doesn't mean it's best for you.

Re: Urgent advise regarding Application of Amex Card

Anonymous — Thu, 02 Aug 2012 21:50:59 GMT

Well, i applied for the blue cash everyday and it said that its under review and they will let me know in 14 days. Does it mean it got rejected?

Also, before applying I checked my pre-qualify and it showed, blue, blue sky and delta sky, but I di dnot apply for those as they did not interest me. When should I call the recon number.

Re: Urgent advise regarding Application of Amex Card

Anonymous — Thu, 02 Aug 2012 21:53:02 GMT

@Anonymous wrote:
Well, i applied for the blue cash everyday and it said that its under review and they will let me know in 14 days. Does it mean it got rejected?
Also, before applying I checked my pre-qualify and it showed, blue, blue sky and delta sky, but I di dnot apply for those as they did not interest me. When should I call the recon number.

doesn't mean anything. Search for American express application status and check every once in a while,

Re: Urgent advise regarding Application of Amex Card

Anonymous — Thu, 02 Aug 2012 21:54:12 GMT

@Anonymous wrote:
Well, i applied for the blue cash everyday and it said that its under review and they will let me know in 14 days. Does it mean it got rejected?
Also, before applying I checked my pre-qualify and it showed, blue, blue sky and delta sky, but I di dnot apply for those as they did not interest me. When should I call the recon number.

I got that message when I applied, the only time I haven't gotten an instant approval for a card. But when I checked the app status the next morning I was approved.

Re: Urgent advise regarding Application of Amex Card

iMacDrew — Thu, 02 Aug 2012 22:25:46 GMT

@Anonymous wrote:
@Anonymous wrote:
Well, i applied for the blue cash everyday and it said that its under review and they will let me know in 14 days. Does it mean it got rejected?
Also, before applying I checked my pre-qualify and it showed, blue, blue sky and delta sky, but I di dnot apply for those as they did not interest me. When should I call the recon number.
I got that message when I applied, the only time I haven't gotten an instant approval for a card. But when I checked the app status the next morning I was approved.

+1 I checked 15 minutes after and said approved.

Re: Urgent advise regarding Application of Amex Card

LS2982 — Thu, 02 Aug 2012 22:25:57 GMT

Fingers crossed for you OP!! BCE is a very nice card!

Re: Urgent advise regarding Application of Amex Card

Anonymous — Fri, 03 Aug 2012 12:53:12 GMT

I checked the status this morninga nd it says approved. How do I find out the Credit Line?

Thank you all for your advice.

Re: Urgent advise regarding Application of Amex Card

pizzadude — Fri, 03 Aug 2012 13:24:52 GMT

@Anonymous wrote:
I checked the status this morninga nd it says approved. How do I find out the Credit Line?

Thank you all for your advice.

Congrats ! You can probably just call in and find out the CL ~ however it might take them a day or so before it is setup in their systems....

Re: Urgent advise regarding Application of Amex Card

Anonymous — Fri, 03 Aug 2012 13:37:00 GMT

I called and found that the CL is $2000, oh well its a start, how long beforee I should ask for a credit line increase and do they do it for every request and is it online or by calling. How much increase should I be asking for?

Re: Urgent advise regarding Application of Amex Card

pizzadude — Fri, 03 Aug 2012 14:03:56 GMT

@Anonymous wrote:
I called and found that the CL is $2000, oh well its a start, how long beforee I should ask for a credit line increase and do they do it for every request and is it online or by calling. How much increase should I be asking for?

At 60 days you can request up to 3X, so just ask for a CL of $6000 in two months. It's a soft pull.