topic Re: AMEX soft pull? in Credit Cards

AMEX soft pull?

Anonymous — Tue, 09 Oct 2012 04:02:17 GMT

Is this true that AMEX will do a SP if you are denied and HP if you are approved? Thanks.

Re: AMEX soft pull?

Duncanrr — Tue, 09 Oct 2012 04:03:21 GMT

True. (if you already have an AMEX card)

Re: AMEX soft pull?

Anonymous — Tue, 09 Oct 2012 04:07:11 GMT

Since I already have the AMEX Green I will nto loose anything by apping for another AMEX card? What if I get a denied should I recon? I have had the Green since Nov. 2011. Run it somewhere between 500 - 1K monthly. Any thoughts?

Re: AMEX soft pull?

Anonymous — Tue, 09 Oct 2012 04:17:31 GMT

@Anonymous wrote:
Since I already have the AMEX Green I will nto loose anything by apping for another AMEX card? What if I get a denied should I recon? I have had the Green since Nov. 2011. Run it somewhere between 500 - 1K monthly. Any thoughts?

What Amex card are you looking to apply for?

As long as all of your other accounts are in good standing, you should be in good shape to apply for another card.

Re: AMEX soft pull?

Anonymous — Tue, 09 Oct 2012 04:31:11 GMT

It is in very good standing. Have been PIF each month since card was opened. I would like to apply for the BCE. What are my chance and if denied what are my chance of recon?

Re: AMEX soft pull?

Duncanrr — Tue, 09 Oct 2012 04:37:12 GMT

We need more info: 1. credit scores, 2. AAoA, 3. how long you had AMEX product, 4. baddies on reports (if any), 5. Utilization, 6. number of inquires, 7. income; and 8. blood type

Re: AMEX soft pull?

Anonymous — Tue, 09 Oct 2012 04:39:33 GMT

@Duncanrr wrote:
We need more info: 1. credit scores, 2. AAoA, 3. how long you had AMEX product, 4. baddies on reports (if any), 5. Utilization, 6. number of inquires, 7. income; and 8. blood type

IQ factors in as well. Oh and don't let me tell you about race. That's a killer

Re: AMEX soft pull?

Anonymous — Tue, 09 Oct 2012 04:49:22 GMT

Okay, if I have too.

1. EX 702 TU 714 EQ 698

2. 3 years / 9 months

3. since Nov 2011

4. no baddies clean CR on all 3

5. 50% (due to DW AU Chase card) can I explain this if recon needed?

6. 4-6 inquiries each (2 years)

7. 45K

8. GEE WIZZ I've knew this was needed to see if I can get approve. Oh well if I have too then it's A+B+C

Re: AMEX soft pull?

Anonymous — Tue, 09 Oct 2012 04:56:48 GMT

The scores are just about there but the util is a big drawback.

To be honest, I'd wait until January 2013 and get the full backdate to 01/2011.

However, as stated before, if a denial letter shallcome your way, the expected losses are .. nothing!

So, might as well apply but I see it difficult to get it right now. As for the recons, I've heard many times they are a waste of time.

Re: AMEX soft pull?

Anonymous — Tue, 09 Oct 2012 05:39:15 GMT

@Anonymous wrote:
The scores are just about there but the util is a big drawback.
To be honest, I'd wait until January 2013 and get the full backdate to 01/2011.
However, as stated before, if a denial letter shallcome your way, the expected losses are .. nothing!
So, might as well apply but I see it difficult to get it right now. As for the recons, I've heard many times they are a waste of time.

Your utilization is the biggest problem here. Solve that, and you will be in much better shape.

Re: AMEX soft pull?

Anonymous — Tue, 09 Oct 2012 05:54:41 GMT

Here is the problem I've had with Amex and this method. It's nice that its only a SP, but generally they aren't accurate as of your current credit report. I just applied for the BCE with a 745 EXP and 0% utilization, and 3 INQ and was denied for balances on card too high, too man INQ's, high internal risk(I assume this is from a CO I had back in 2004). Nevertheless, they are using a SP from atleast 3 months ago when those factors were true. You can call for a recon and they will do a HP though

Re: AMEX soft pull?

Anonymous — Tue, 09 Oct 2012 06:30:25 GMT

@Anonymous wrote:
Here is the problem I've had with Amex and this method. It's nice that its only a SP, but generally they aren't accurate as of your current credit report. I just applied for the BCE with a 745 EXP and 0% utilization, and 3 INQ and was denied for balances on card too high, too man INQ's, high internal risk(I assume this is from a CO I had back in 2004). Nevertheless, they are using a SP from atleast 3 months ago when those factors were true. You can call for a recon and they will do a HP though

WOW! I am really surprise that you got denied with all that. May I ask if you did a recon afterward?

Re: AMEX soft pull?

alvinsl — Mon, 12 Nov 2012 21:52:24 GMT

Unfortunately, for me my experience was a little different. I have both a Green & a Zync card and I am an AU on my wife's BCE. But it cost me a HP when I apped for my own BCE last week.

Re: AMEX soft pull?

Repo-ed — Mon, 12 Nov 2012 23:48:54 GMT

lose that AU