topic Amex Charge approval odds? in Credit Cards

Amex Charge approval odds?

ohwut — Thu, 03 Apr 2014 20:45:54 GMT

From my understanding charge cards are a bit easier to get ahold of, but I'm curious if I stand any chance.

Already an american express card holder, Costco TrueEarnings since 2011, but over all my utilization hovers around 70% between my Amex, Freedom and CapOne card most months which is obviously painful to my chances. 100% positive payment history, 1 - 5 year old medical negitive, 3.5 year AAoA. 1 Student loan. ~35k in take home income.

EQ FICO - 658

Obviously paying off my cards before applying would be prefered. But would I stand any chance with a near perfect history and just high Utilization? Was shooting for Gold or PRG since it would actually end up profitable for my spending.

Thanks in advance!!

Re: Amex Charge approval odds?

eagle2013 — Thu, 03 Apr 2014 20:52:48 GMT

What's your util on AMEX? Do you carry a balance with them?

Re: Amex Charge approval odds?

ohwut — Thu, 03 Apr 2014 21:09:52 GMT

Currently 36%. Carried a balance through 2012/13 paid in full regularly over the past 6 or so months.

Re: Amex Charge approval odds?

yudeology101 — Thu, 03 Apr 2014 22:04:35 GMT

Since you're already an AMEX member, i would go for it. SP if denied, HP if approved...i mean you have nothing to lose. Also, all charge cards have the same underwriting requirements so compare all charge cards and go for the card you want.

Re: Amex Charge approval odds?

texasman07 — Thu, 03 Apr 2014 22:06:02 GMT

I got approved for a green and delta skymiles gold the same day with a 658 fico

Re: Amex Charge approval odds?

Vegas247 — Thu, 03 Apr 2014 22:15:52 GMT

@texasman07 wrote:
I got approved for a green and delta skymiles gold the same day with a 658 fico

texasman07...I got approved with a 658 EX too!!! I was going to go for the delta skymiles gold too, because everyone said it was the easiest revolver to get in with AMEX, but I don't fly alot....so I went for the AMEX BCE, the BCE was the one I wanted anyway, and I got approved. Amex said my EX was 658

To the OP.....get the AMEX card you want.....like Yude said. SP if denied. You have nothing to lose.

Re: Amex Charge approval odds?

BootStraps — Thu, 03 Apr 2014 22:24:58 GMT

I got an Amex Gold with a 658 exactly.

Re: Amex Charge approval odds?

Vegas247 — Thu, 03 Apr 2014 22:39:21 GMT

@BootStraps wrote:
I got an Amex Gold with a 658 exactly.

I guess AMEX loves the score 658!!!! OP should app now!!! 658 is the secret fico score,,,lol

Re: Amex Charge approval odds?

TrueGeminiNC — Fri, 04 Apr 2014 00:20:16 GMT

@Vegas247 wrote:
@texasman07 wrote:
I got approved for a green and delta skymiles gold the same day with a 658 fico
texasman07...I got approved with a 658 EX too!!! I was going to go for the delta skymiles gold too, because everyone said it was the easiest revolver to get in with AMEX, but I don't fly alot....so I went for the AMEX BCE, the BCE was the one I wanted anyway, and I got approved. Amex said my EX was 658

To the OP.....get the AMEX card you want.....like Yude said. SP if denied. You have nothing to lose.

Do you think the underwritting guidelines is the same for all of AMEX credit cards? I really want to apply for the AMEX Everyday card. I pulled my Experian FICO via myfico.com and I am sitting at 692. My biggest fear is if I am approved, the limit will be low compared to other cards. I currently have a 6K CL w/ Discover, 7.8k CL w/ Citi and 4K w/ BOA.

Re: Amex Charge approval odds?

Anonymous — Fri, 04 Apr 2014 01:09:46 GMT

Just putting this here.

I applied to Amex for the Blue Everyday Card with an EX slightly above 650.

I was initially denied and called for a reconsideration and was approved 4days later.

Just go for it if you feel confident.

Re: Amex Charge approval odds?

TrueGeminiNC — Fri, 04 Apr 2014 01:18:29 GMT

I think I am going to apply for the Everyday card.

However, I have one last question. I currently have the PRG card. When it comes to new accounts, will AMEX backdate a new card automatically? Though I will probably take a credit score hit with the inquiry, I don't want to be hit with a double wammy for a new line of credit.