topic Re: Trying for AMEX in Credit Cards

Trying for AMEX

nvrgvupnvrsrndr — Sat, 27 Apr 2013 04:33:11 GMT

This is my first time registering/posting. I've been reading/monitoring the myfico forum boards for some time when searching for answers to credit related questions. I'll try to keep it concise. I want an AMEX but not just any AMEX I really want a Gold AMEX with hopes of a Platinum someday. I currently have a TU of 699 and EX of 734 but that was with CU of 35%. Not sure about EQ. I now have below 10% CU. I had high utilization at Christmas. I did pull all three credit reports recently and all three are clean with only 1 bad...a satisfied judgement for medical bills from almost two years ago paid in full as of 3/13. I have two auto loans(Chase and Wells Fargo). CC's are as follows: Walmart $800, CreditOne Visa $650, PayPal Smartconnect $2,400, Orchard Visa $300, BarclaysNFL Visa $500, Kohl's $1,000, CapOne Rewards MC $500, Target $200, CapOne Platinum MC $300, BillMeLater $800. Always pay early, never late on any accounts and always pay more than what's due. I had been very irresponsible with credit at an early age. All of those stupid mistakes are gone now and no traces are left on credit reports. Other than my car loans which show a few years of payments most of my credit is fairly new. 1 CapOne is 1.5 years, Kohls 1.5 years, SmartConnect is 1 year, Orchard 1 year and the rest are less than 6 months. All CC apps were approved but with low CL's. Kohl's started at $300 now at $1k, SmartConnect started at $800 now at $2.4k, CreditOne started at $500 now at $650 and Walmart started at 500 now at $800. 6 of these accounts were opened within the last 6 months. Well, maybe not as concise as originally intended but thought it would be better to get the facts out there if I want educated/informed advice. As an afterthought, I make about $70k a year pre-tax. Including wife's income our combined pre-tax household income is $95k. Advice/recommendations would be greatly appreciated. Anyway, hope to hear from someone. Thanks in advance for your input.

Re: Trying for AMEX

Creditaddict — Sat, 27 Apr 2013 04:40:01 GMT

APPLY NOW... If you want and can afford the Platinum, apply for that... you should have instant APPROVAL!

Re: Trying for AMEX

nvrgvupnvrsrndr — Sat, 27 Apr 2013 04:45:14 GMT

Thanks for the response. You really think it'll be that easy? No one's been knocking on my door with pre-approved offers ex: Chase, Citi, AMEX, etc...

Re: Trying for AMEX

Creditaddict — Sat, 27 Apr 2013 04:48:52 GMT

Amex gives out Charge Cards like Candy! My roomate got a green! Last score he knew was a 605, few years back I had a friend get GOLD with a 645 which I pulled from here TU prior to him applying and Amex pulled a double on him EX and TU... usually they pull just EX.

Id say go for it.... If you are REALLY REALLY worried although I don't think any difference apply for the Gold Plus or what not and if instantly approved go back and apply for the Platinum but in the past we have seen people do green because they thought and were worried they woulnd't get platinum and in the end of 15 minutes, had green, gold, and platinum!

Amex wants $450 way more than $95!

Re: Trying for AMEX

nvrgvupnvrsrndr — Sat, 27 Apr 2013 04:54:06 GMT

Thanks for the advice.

Re: Trying for AMEX

nvrgvupnvrsrndr — Sat, 27 Apr 2013 05:01:04 GMT

Anyone else with an opinion/advice?

Re: Trying for AMEX

Creditaddict — Sat, 27 Apr 2013 05:01:05 GMT

If Amex is the one card you have left that you want which would leave your other cards in the dust for the most part then what's another INQ if you don't get it.... but really you have some cards that are harder to get then an Amex Charge (Surprising as that sounds!)

Re: Trying for AMEX

nvrgvupnvrsrndr — Sat, 27 Apr 2013 05:04:14 GMT

Examples?

Re: Trying for AMEX

Creditaddict — Sat, 27 Apr 2013 05:07:44 GMT

@nvrgvupnvrsrndr wrote:
Examples?

Chase and Wells Fargo

Why don't you go to creditcards.com and try the pre-approval.... My partner got "Exclusive Offers" for Amex and what ever they call other offers from other banks... the Amex ended up being instant.

Re: Trying for AMEX

nvrgvupnvrsrndr — Sat, 27 Apr 2013 05:10:42 GMT

Chase and Wells Fargo are my auto loans. I've never applied for CC's with them.

Re: Trying for AMEX

Creditaddict — Sat, 27 Apr 2013 05:15:14 GMT

@nvrgvupnvrsrndr wrote:
Chase and Wells Fargo are my auto loans. I've never applied for CC's with them.

I know, but still prime banks.

When is the last time you applied for an Amex Charge? I mean you are over 700 on EX?? That is WAY higher then we see every day people getting approved... you don't seem to have a problem applying or asking for CLI considering where your cards are now... why won't you pull trigger on Amex? (not being harsh, im having my therapy, YOU DESERVE IT MOMENT!!)

I'll cry more than you if I push and you get denied... but based on what you have told, I'm confident in an approval.

Re: Trying for AMEX

nvrgvupnvrsrndr — Sat, 27 Apr 2013 05:23:39 GMT

Really appreciate it. Actually, to be perfectly honest, all CLI's I spoke of in my original post were not solicited. When I went to make my monthly payments they were just there. 2 increases from Kohl's, 4 from SmartConnect, 1 from CreditOne, 1 from Walmart, 1 from CapOne.

Re: Trying for AMEX

LS2982 — Sat, 27 Apr 2013 13:25:05 GMT

@Creditaddict wrote:
APPLY NOW... If you want and can afford the Platinum, apply for that... you should have instant APPROVAL!

I agree, go for it!!!

Re: Trying for AMEX

Creditaddict — Sat, 27 Apr 2013 14:35:44 GMT

Look at thread "American Express Experience"

This poster was instant for Gold, then read about all things here and really just wanted Platinum and went back and got approved for that with the bonus points too.

Re: Trying for AMEX

youngandcreditwrthy — Sat, 27 Apr 2013 18:14:34 GMT

You said you have a paid baddie on 03/13?

Your score looks good,
But idk how much score will factor in if you have a pif baddie that recently...

But by all means, try your luck :-)

Re: Trying for AMEX

dodgerslv — Sat, 27 Apr 2013 18:19:06 GMT

I can tell you i got approved for a charge and BCP with a EX score under 700. I had 2 paid collections that were under 2 years old and 2 old Chargeoffs from 2007. My charge approval was instant and the revolver took about 2 minutes after i got the 7-10 day message. Good luck and keep us updated!

Re: Trying for AMEX

nvrgvupnvrsrndr — Sat, 27 Apr 2013 22:04:39 GMT

The "baddie" was from close to two years ago but I paid it off as of 3/13. Not sure how that factors into the equation. Any insight?

Re: Trying for AMEX

nvrgvupnvrsrndr — Sat, 27 Apr 2013 22:17:12 GMT

You can bet I'll post the outcome when I pull the trigger in a few days. Just waiting to make sure my most recent payments are all posted to get my CU at my goal of 8%. Patiently biding my...deferred gratification...hopefully as rewards card well earned.

Re: Trying for AMEX

phillyguy12 — Sun, 28 Apr 2013 04:00:15 GMT

the score and income are there the only thing i would worry about is OP says alot of the accounts are within the last 6 months