topic Re: Chances of Amex Charge in Credit Cards

Chances of Amex Charge

Prodr222 — Thu, 23 Aug 2012 18:25:11 GMT

Hey

Ive posted here before saying my history in general. I was just wondering my chances of getting a amex charge card.

Ive had a hh greg department card with a $3000 limit which i previously had a 50% util on it but have recently paid off completely. tis a little over one year old.

I also have a secured Wells fargo card with a $600 limit at 5 months old.

I dont know my new scores yet after paying off the hh greg card but my previous scores are Ex Fako 723 and EQ 681. Dont know TU.

Just wondering if i should try or wait.

Thanks

Re: Chances of Amex Charge

jsickz32 — Thu, 23 Aug 2012 18:33:08 GMT

Which charge card you thinking about apping?

Re: Chances of Amex Charge

Prodr222 — Thu, 23 Aug 2012 18:36:10 GMT

I feel like the zync is the easiest and or more probably for me to get but i dont know. i have no baddies always on time with everything. but my histiry is just over a year old so i dont really know. Kind of need help on choosing haha. or guidance of some kind

Re: Chances of Amex Charge

jsickz32 — Thu, 23 Aug 2012 18:38:24 GMT

Well you should go to amex site and read the benefits of the zync and the different perks they offer and see if you like that and go for it. It seems that zync its the easiest card to get and with their lowest AF. Good luck!

Re: Chances of Amex Charge

Prodr222 — Thu, 23 Aug 2012 18:43:36 GMT

Thanks i appreciate your input. also i was wondering can u apply with for a higher charge card and if I get declined could recon to try and get one of their lower charge cards if i still couldnt get the one i applied for?

Re: Chances of Amex Charge

Anonymous — Thu, 23 Aug 2012 18:44:57 GMT

I say app for the zync right now if you dont have too many inquiries and even if you are denied, you know where you stand and you get a free ex fico out of it. I would give a HP just for the fico itself. Let us know what happens!

Re: Chances of Amex Charge

jsickz32 — Thu, 23 Aug 2012 18:48:04 GMT

No if your denied for one card every other app will be auto denied and you'll have to wait 31 days to app again. I went trough the same thing when apping for amex. If you really want a diff card instead of the zync then go for it but your chances might be higher with the zync. Good luck

Re: Chances of Amex Charge

Anonymous — Thu, 23 Aug 2012 19:35:52 GMT

The Zync is the easiest to get. However, if you really do not want it, then don't bother because you cannot PC from Zync to any charge card higher. You will have to reapply anyway. Now, you could get the Zync with the intent of building a relationship with an Amex. However, if you are looking for a higher charge card down the road, you will have to re-app. That being said, what card DO you want in the future and why?

Re: Chances of Amex Charge

webhopper — Thu, 23 Aug 2012 19:51:35 GMT

@Anonymous wrote:
The Zync is the easiest to get. However, if you really do not want it, then don't bother because you cannot PC from Zync to any charge card higher. You will have to reapply anyway. Now, you could get the Zync with the intent of building a relationship with an Amex. However, if you are looking for a higher charge card down the road, you will have to re-app. That being said, what card DO you want in the future and why?

I agree... the criteria for Green, gold, pr gold, and zync are very similar, with zync having the auto pay limit option for those who don't qualify for NPSL,

If you have the slightest inkling that you would want a higher fee charge card, you should at a minimum app for Green, which can be upgraded after a year or so.

I think you are in a strong position to app for a charge card, especially if you're income is enough to support an ability to spend spend spend.

Amex loves spenders

Re: Chances of Amex Charge

Anonymous — Thu, 23 Aug 2012 20:08:22 GMT

I was approved for the Green last month. My scores are 643 TU, 661 EX, and 670 EQ Fico. My other cards are an Orchard MC with a $400 limit, a CareCredit $500, and Kohls $400, and a $1500 unsecured personal loan. My utilization is 5%. I was pretty shocked when it came back and said I was approved. Go to the Amex site and click on "choose a card with our help" and see if you have any offers.

Re: Chances of Amex Charge

havlow — Thu, 23 Aug 2012 20:16:15 GMT

If you don't have any late payments then I would say that you could definitely qualify for a Green Card with your scores and a year of history. After a year you should be able to PC to Amex Gold if you want the benefits and don't mind the AF.

Re: Chances of Amex Charge

rtw — Thu, 23 Aug 2012 20:27:04 GMT

I applied for the Zync last month with an EX FICO score of 651. I got the instant approval with NPSL. I then went ahead and applied for the Gold and was approved, it was one Hard Pull. You may want to apply for the Zync first it is said to be an easier approval and if approved then apply for one of the other charge cards if you really want a green or gold. It should only cost you one HP.

Re: Chances of Amex Charge

Anonymous — Thu, 23 Aug 2012 20:38:40 GMT

IMO, unless your a jet setting machine, there are really only 2 cards to consider. Zync and PRG. Here is my reasoning, the Platinum is really only good for those who travel, and travel A LOT, other than just having it for the looks.

The Zync (@ AF 25) is great because it gives you a charge card with a TON of flexibility (in both spend limit and packs). The PRG is really only the next one to consider to get the multiplying bonuses on your purchases.

The Green, as I said this is all IMO, is useless because it carried the higher AF (@ 95). Yes, it gets you out of MR express, but if your not spending a lot, then your MR points are going to be minimal anyway so the ability to transfer points to miles will be far and few in between for them to be worthwhile.

The Gold, even higher AF (@ 125) is only $50 less than the PRG, and the PRG has the ability to multiply points. So Gold is useless.

So, that is why I asked what card do you want and why? If you just want it for looks, by all means app for whatever card will fill that void. If you want it for points, think about how much you plan to spend on it. If you plan on spending a small amount, the Zync is the way to go with the low AF because it will take a long time to build the MR points up to be worth any sort of mileage with flying. If you plan on spending A LOT through it, go right for the PRG and gain the ability to multiply points to get your MR up faster.

Like I said, this is just my opinion, but this is how I see it.

Re: Chances of Amex Charge

LS2982 — Thu, 23 Aug 2012 22:30:42 GMT

@Anonymous wrote:
IMO, unless your a jet setting machine, there are really only 2 cards to consider. Zync and PRG. Here is my reasoning, the Platinum is really only good for those who travel, and travel A LOT, other than just having it for the looks.

The Zync (@ AF 25) is great because it gives you a charge card with a TON of flexibility (in both spend limit and packs). The PRG is really only the next one to consider to get the multiplying bonuses on your purchases.

The Green, as I said this is all IMO, is useless because it carried the higher AF (@ 95). Yes, it gets you out of MR express, but if your not spending a lot, then your MR points are going to be minimal anyway so the ability to transfer points to miles will be far and few in between for them to be worthwhile.

The Gold, even higher AF (@ 125) is only $50 less than the PRG, and the PRG has the ability to multiply points. So Gold is useless.

So, that is why I asked what card do you want and why? If you just want it for looks, by all means app for whatever card will fill that void. If you want it for points, think about how much you plan to spend on it. If you plan on spending a small amount, the Zync is the way to go with the low AF because it will take a long time to build the MR points up to be worth any sort of mileage with flying. If you plan on spending A LOT through it, go right for the PRG and gain the ability to multiply points to get your MR up faster.

Like I said, this is just my opinion, but this is how I see it.

Very good explanation!! I also recommend the Zync primarily for the low AF.

Re: Chances of Amex Charge

improvingmycredit — Thu, 23 Aug 2012 23:57:16 GMT

@Prodr222 wrote:
Hey
Ive posted here before saying my history in general. I was just wondering my chances of getting a amex charge card.
Ive had a hh greg department card with a $3000 limit which i previously had a 50% util on it but have recently paid off completely. tis a little over one year old.
I also have a secured Wells fargo card with a $600 limit at 5 months old.
I dont know my new scores yet after paying off the hh greg card but my previous scores are Ex Fako 723 and EQ 681. Dont know TU.
Just wondering if i should try or wait.
Thanks

Go for it! The Zync was designed for you. Limited but not bad credit. I think you have a very good chance at approval as long as your utility is low and the scores you showed are FICO. My humble advice.... app Zync, then if approved, app the Amex charge you want in January to maximize backdating. On your January app, be sure to app the charge offer for the no AF for one year. Good luck and let us know the results!

Re: Chances of Amex Charge

Prodr222 — Fri, 24 Aug 2012 23:20:39 GMT

Hi guys thanks for all the advice i appreciate it. It really is great to see people help people they dont know. with that said i think im going to wait until december and apply for the gold PRG so that if i do get approved i have the backdating to 2012 but i have extended the most time for the year for my score to get even better. Given that i plan on speding about $20,000 on the card a year. Mostly on gas and restaurants. Do you guys think this is a good choice?

Re: Chances of Amex Charge

Revelate — Sat, 25 Aug 2012 01:29:41 GMT

@Prodr222 wrote:
Hi guys thanks for all the advice i appreciate it. It really is great to see people help people they dont know. with that said i think im going to wait until december and apply for the gold PRG so that if i do get approved i have the backdating to 2012 but i have extended the most time for the year for my score to get even better. Given that i plan on speding about $20,000 on the card a year. Mostly on gas and restaurants. Do you guys think this is a good choice?

Sounds legit to me; a few folks have reported though that you need to apply a few weeks before the end of the year or Amex might count you as a member date of 2013 instead. Other than that it's a fine plan, and the one I'll be implementing in December albeit for a Zync.

Re: Chances of Amex Charge

Prodr222 — Sun, 26 Aug 2012 04:25:09 GMT

hey guys just so i should let you know i planned to pay off my util to 0 and then apply for amex cards. currently at 40% i said whatever let me take a stab at it. i wanted to let you guys know that even with that i was approved for the zync and gold delta card. i think amex is very income biased because thats the only way i see how i couldve gotten these cards.

Re: Chances of Amex Charge

Anonymous — Sun, 26 Aug 2012 04:50:34 GMT

Great to hear! Welcome to the Amex family!

Re: Chances of Amex Charge

Prodr222 — Sun, 26 Aug 2012 05:14:33 GMT

thanks