topic Re: Will I qualify for the AMEX Green Card? in Credit Cards

Will I qualify for the AMEX Green Card?

Anonymous — Wed, 10 Oct 2012 02:38:25 GMT

TransUnion 756; Equifax 770; Experian 741.

Re: Will I qualify for the AMEX Green Card?

jsickz32 — Wed, 10 Oct 2012 02:39:55 GMT

scores is not the only thing you need.

Re: Will I qualify for the AMEX Green Card?

Anonymous — Wed, 10 Oct 2012 02:40:49 GMT

What else do I need?

Re: Will I qualify for the AMEX Green Card?

Jlu — Wed, 10 Oct 2012 02:41:45 GMT

@Anonymous wrote:
TransUnion 756; Equifax 770; Experian 741.

If scores were the only deciding factor, then yes. Unfortunately this is not the case.

Re: Will I qualify for the AMEX Green Card?

Revelate — Wed, 10 Oct 2012 02:43:27 GMT

I am guessing those are FAKO scores (nothing to do with a lender approval); however, you probably have few if any blemishes on your report, and if you have at least six months reporting on a credit card you have a reasonable chance.

If you post a little more of what your report looks like we can make a better assessment.

Welcome to the forums though!

Re: Will I qualify for the AMEX Green Card?

jamie123 — Wed, 10 Oct 2012 02:45:42 GMT

Do you currently have any other credit cards?

How long have you had them?

AMEX likes to see at least 1 years history with multiple credit cards.

Re: Will I qualify for the AMEX Green Card?

Anonymous — Wed, 10 Oct 2012 02:46:01 GMT

Some of the usual info needed to get a good picture is average age of accounts, # of inqs, utilization and it also helps if you have previous good payment history with them.

Re: Will I qualify for the AMEX Green Card?

Anonymous — Thu, 11 Oct 2012 03:05:06 GMT

I applied. They are asking that I call to speak with a representative. Apparently, they need a business phone number and home address verification. Is this a good sign?

Re: Will I qualify for the AMEX Green Card?

Anonymous — Thu, 11 Oct 2012 03:07:13 GMT

@Anonymous wrote:
I applied. They are asking that I call to speak with a representative. Apparently, they need a business phone number and home address verification. Is this a good sign?

Yes. Home address can be verified through your bank.

Re: Will I qualify for the AMEX Green Card?

isoldmyatlas — Thu, 11 Oct 2012 03:19:51 GMT

@jamie123 wrote:
Do you currently have any other credit cards?

How long have you had them?

AMEX likes to see at least 1 years history with multiple credit cards.

Not necessarily. They approved me for the Green card with only 5.5 months history, and I only had 1 card. My income isn't high, either.

At any rate, OP, it sounds like once they verify your employment and address you'll be good to go!

Re: Will I qualify for the AMEX Green Card?

webhopper — Thu, 11 Oct 2012 03:21:10 GMT

Yep this means you are approved! Congratulations!

Welcome to the amex family!

Re: Will I qualify for the AMEX Green Card?

Anonymous — Thu, 11 Oct 2012 04:19:02 GMT

@webhopper wrote:
Yep this means you are approved! Congratulations!

Welcome to the amex family!

Woohoo!

Re: Will I qualify for the AMEX Green Card?

Anonymous — Thu, 11 Oct 2012 04:46:42 GMT

Congrat. Most likely you are approved when they ask for verification.

Re: Will I qualify for the AMEX Green Card?

Anonymous — Thu, 11 Oct 2012 15:56:09 GMT

Now, what do I need to do to qualify for the Gold card?

I realize that it will take time.

Thank you all for your responses.

Re: Will I qualify for the AMEX Green Card?

RockinRay — Thu, 11 Oct 2012 17:32:49 GMT

@Anonymous wrote:
Now, what do I need to do to qualify for the Gold card?

I realize that it will take time.

Thank you all for your responses.

Congrats on your approval. I would use the green card for at least 6 months to get established with Amex. Then apply for the gold or a revolver and you should not have any troubles.

Re: Will I qualify for the AMEX Green Card?

Anonymous — Thu, 11 Oct 2012 17:37:09 GMT

@Anonymous wrote:
Now, what do I need to do to qualify for the Gold card?

I realize that it will take time.

Thank you all for your responses.

Spend spend spend on that green card, and in 6 months to a year you will be set for the gold card.

Re: Will I qualify for the AMEX Green Card?

Anonymous — Thu, 11 Oct 2012 18:25:45 GMT

@Anonymous wrote:
Now, what do I need to do to qualify for the Gold card?

I realize that it will take time.

Thank you all for your responses.

You actually already qualify for the Gold. Unless the changed the underwriting on the Green after the discontinuation of the Zync, the Green/Gold/PRG/Plat had nearly the same underwriting - it just depended on how much you were willing to spend on an AF. I would recommend keeping the Green for a year, than asking for a PC to the Gold after having the Green for a year. They will not be able to PC within a year due to the CARD act. It makes no sense to take another HP for a Gold when you already have a Green.

Re: Will I qualify for the AMEX Green Card?

Anonymous — Thu, 11 Oct 2012 20:08:43 GMT

@Anonymous wrote:
@Anonymous wrote:
Now, what do I need to do to qualify for the Gold card?

I realize that it will take time.

Thank you all for your responses.

You actually already qualify for the Gold. Unless the changed the underwriting on the Green after the discontinuation of the Zync, the Green/Gold/PRG/Plat had nearly the same underwriting - it just depended on how much you were willing to spend on an AF. I would recommend keeping the Green for a year, than asking for a PC to the Gold after having the Green for a year. They will not be able to PC within a year due to the CARD act. It makes no sense to take another HP for a Gold when you already have a Green.

Card act allows changes after 6 months.

Re: Will I qualify for the AMEX Green Card?

Anonymous — Thu, 11 Oct 2012 22:40:01 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Now, what do I need to do to qualify for the Gold card?

I realize that it will take time.

Thank you all for your responses.

You actually already qualify for the Gold. Unless the changed the underwriting on the Green after the discontinuation of the Zync, the Green/Gold/PRG/Plat had nearly the same underwriting - it just depended on how much you were willing to spend on an AF. I would recommend keeping the Green for a year, than asking for a PC to the Gold after having the Green for a year. They will not be able to PC within a year due to the CARD act. It makes no sense to take another HP for a Gold when you already have a Green.
Card act allows changes after 6 months.

In general, the CARD Act prohibits rate increases and other "significant changes" in terms during the first year after account opening... that is what I have read across the internet. Going from a Green to a Gold changes the AF by $30 which is considered a significant change. I have also called Amex about changed my BCE to BCP and they have told me they cannot PC to BCP until after a year due to the change in fees. So, I imagine it would apply to the charge card as well.

Re: Will I qualify for the AMEX Green Card?

Anonymous — Fri, 12 Oct 2012 01:44:22 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Now, what do I need to do to qualify for the Gold card?

I realize that it will take time.

Thank you all for your responses.

You actually already qualify for the Gold. Unless the changed the underwriting on the Green after the discontinuation of the Zync, the Green/Gold/PRG/Plat had nearly the same underwriting - it just depended on how much you were willing to spend on an AF. I would recommend keeping the Green for a year, than asking for a PC to the Gold after having the Green for a year. They will not be able to PC within a year due to the CARD act. It makes no sense to take another HP for a Gold when you already have a Green.
Card act allows changes after 6 months.

Nope, CARD Act doesn't allow lenders to raise fees, like the annual fee, even when a customer requests an upgrade, for 12 months. Amex doesn't allow you to do a product change that would increase your annual fee until a year has past.