topic Re: General Requirements for any AMEX card? in Credit Cards

General Requirements for any AMEX card?

Anonymous — Fri, 22 Aug 2014 16:07:45 GMT

General Requirements for an Amex as far as credit util, credit inq, history length etc?

If you call up for a manual review, how likely are they to reconsider if denied?

Re: General Requirements for any AMEX card?

myjourney — Fri, 22 Aug 2014 16:16:23 GMT

@Anonymous wrote:
General Requirements for an Amex as far as credit util, credit inq, history length etc?
If you call up for a manual review, how likely are they to reconsider if denied?

Welcome to the forum

1st Amex does not recon unless there's a mistake on CR's and in 99% of cases its still going to cost you another HP

Other key points:

Any time you app for any CC's UTL should be low

They're not too INQ sensitive

Amex likes to see previous history IMHO 1 year is good

Re: General Requirements for any AMEX card?

jamesdwi — Fri, 22 Aug 2014 16:28:10 GMT

usually 6 months of credit history with a major credit card, a 650 or higher for a charge card, 690 or higher for a revolver. Low UTL and low INQ's on your EX. You must have income or some other factor that shows you will pay off the card. Higher income has been known to lower and completely remove any of the above from consideration.

Re: General Requirements for any AMEX card?

Closingracer99 — Fri, 22 Aug 2014 16:42:50 GMT

@myjourney wrote:

@Anonymous wrote:
General Requirements for an Amex as far as credit util, credit inq, history length etc?
If you call up for a manual review, how likely are they to reconsider if denied?

Welcome to the forum
1st Amex does not recon unless there's a mistake on CR's and in 99% of cases its still going to cost you another HP
Other key points:
Any time you app for any CC's UTL should be low
They're not too INQ sensitive
Amex likes to see previous history IMHO 1 year is good

Amex llikes 6 months of History unlike Chase which does want 1 year

Re: General Requirements for any AMEX card?

Anonymous — Fri, 22 Aug 2014 17:08:26 GMT

What would be a decent income that would make this factor in more heavily instead of credit score, of course with credit that doesnt have any baddies or anything negative?

Re: General Requirements for any AMEX card?

jamesdwi — Fri, 22 Aug 2014 17:23:34 GMT

@Anonymous wrote:
What would be a decent income that would make this factor in more heavily instead of credit score, of course with credit that doesnt have any baddies or anything negative?

north of 60k is a good start. To get a lot of aspects of your credit report over looked, I would expect it would need to be north of 150k and even then some people have problems getting in with AMEX.

Re: General Requirements for any AMEX card?

Anonymous — Fri, 22 Aug 2014 17:38:35 GMT

Thank you so much for your help! I am new to the forum, have been buidling credit for two years now and not doing too bad. I'm only 20 but always on time with payments and hoping to get an AMEX within the next two years. I like your collection, I wish I had more prime cards instead of store cards

Re: General Requirements for any AMEX card?

myjourney — Fri, 22 Aug 2014 17:42:05 GMT

@Closingracer99 wrote:
@myjourney wrote:

@Anonymous wrote:
General Requirements for an Amex as far as credit util, credit inq, history length etc?
If you call up for a manual review, how likely are they to reconsider if denied?

Welcome to the forum
1st Amex does not recon unless there's a mistake on CR's and in 99% of cases its still going to cost you another HP
Other key points:
Any time you app for any CC's UTL should be low
They're not too INQ sensitive
Amex likes to see previous history IMHO 1 year is good
Amex llikes 6 months of History unlike Chase which does want 1 year

As stated IMHO 1 year ....(for a thin file)

In looking at OP cards in sig (thin)

A thicker file the 6 month rule would apply but in all cases YMMV

You learn to look at the entire picture and over time I've learned to see details without even asking.such as noticing a sig which can contain key details....cards scores etc etc

Stick around awhile you might just learn some more

FYI

@Anonymous can be obtained @ 6 months on a entry level cards such as freedom if no baddies and fairly good scores.

Re: General Requirements for any AMEX card?

Anonymous — Fri, 22 Aug 2014 18:25:31 GMT

Ive always been scared to apply for Chase cards, I heard freedom is the easiest to get but would still like to build some more credit before I do more apps. Hoping more to get the AMEX

Re: General Requirements for any AMEX card?

chalupaman — Fri, 22 Aug 2014 18:29:57 GMT

I've found Amex much easier to get the foot in the door with than Chase even without a year's worth of credit history. My first Amex I got when I had about 8 or 9 months of credit history and it was a revolver. Chase you might have to wait longer and be able to have a convincing reason as to why you would want one of their cards just in case you have to go through recon or they don't instantly approve you and the card ends up having a pending status. Amazingly I was able to get my foot in the door with them by getting one of their travel cards so I'm hoping that after a while, maybe I can still get the Freedom and have the limit of my card consolidated into that somehow.

Re: General Requirements for any AMEX card?

jamesdwi — Fri, 22 Aug 2014 18:28:50 GMT

wait untill your newest card is 5-6 months old, and then go ahead and apply for chase freedom, and then an AMEX charge (PRG is the best going deal, no AF for 1 year and the best rewards that AMEX offers), if approved it would proabbaly be best to wait till January and apply an AMEX revolver, for 1 year of back dating goodness.

Re: General Requirements for any AMEX card?

Anonymous — Fri, 22 Aug 2014 18:33:19 GMT

I've heard the same as you. Chase is really picky when it comes to credit cards and even when they are accepting credit scores in the low 600's I rather not take the chance and HP my credit since I have too many HP's already.

My scores right now are:

TU 680

EQ 640

EX 700

Re: General Requirements for any AMEX card?

chalupaman — Fri, 22 Aug 2014 18:33:38 GMT

Another thing I've noticed about Chase is that they really care about how many newly opened accounts you have and how long you've been managing them as well as inquiries.

Re: General Requirements for any AMEX card?

hallas — Fri, 22 Aug 2014 23:42:37 GMT

Chase denied me with 715-740~ FICOs all around, very few inqs, no derogs, baddies, or lates, etc. Debt to income is great, income great, stable job history, etc. I applied for the Chase Slate, and I was instantly denied. I attempted to recon, denied. I am currently waiting on a response from someone in the EO, who called me on Monday, so I don't think it's looking good. AAoA is 4 years, etc etc etc. Anyway, I was told I was denied for too many inqs at first, when I explained that I auto loan shopped in June, and there were only two other inqs (one on each report, they pulled EQ and EX), which I explained, she moved on to a different denial reason (lol no mention of it the first go 'round). I have a BT card, and I had (at the time) a $6,000 limit (Merrill Lynch +, and they gave me a CLI with a SP to $8,000 a day or two after haha), and it had a balance of around $3,000~. Thus, she said the utilization for that specific card was too high (around 30-31%~, however; my overall utilization is 10-12%). -_- I am not kidding. I hope the rep from the EO realizes how ridiculous that is and lets me in, but yeah. My experience with Amex is a completely different story, and it's an odd one.

I went on an app spree this past weekend. I apped for Chase first, since I have been trying to get a card with them since Sept 2013 lol, and I was auto denied. I then apped with Amex (those are the only two 'brand' of cards I truly want), and I was instantly approved. I always assumed Amex would be more difficult to get in with than Chase. Nope. I applied for the Blue Cash Everyday, received a $1,000 CL. I was shocked at the low CL, but I was just happy to get in there. Read on the forums that's it's always good to apply for two at once, so I decided to try for the Amex Everyday Preferred, but I apped around 12~ hours after the BCE app. The app has been on hold since the 18th, until today! I just found out today that I was approved for the Everyday Preferred with an $8,000 CL. No idea why the differences in CL, but I am definitely not going to argue with them haha. The Everyday limit is reflective of most of my other cards. I will definitely keep both, regardless.

I actually posted about Chase 'hating' me a few days ago...lol. Chase is definitely a complex company...

Re: General Requirements for any AMEX card?

chalupaman — Sat, 23 Aug 2014 00:18:22 GMT

@hallas wrote:
Chase denied me with 715-740~ FICOs all around, very few inqs, no derogs, baddies, or lates, etc. Debt to income is great, income great, stable job history, etc. I applied for the Chase Slate, and I was instantly denied. I attempted to recon, denied. I am currently waiting on a response from someone in the EO, who called me on Monday, so I don't think it's looking good. AAoA is 4 years, etc etc etc. Anyway, I was told I was denied for too many inqs at first, when I explained that I auto loan shopped in June, and there were only two other inqs (one on each report, they pulled EQ and EX), which I explained, she moved on to a different denial reason (lol no mention of it the first go 'round). I have a BT card, and I had (at the time) a $6,000 limit (Merrill Lynch +, and they gave me a CLI with a SP to $8,000 a day or two after haha), and it had a balance of around $3,000~. Thus, she said the utilization for that specific card was too high (around 30-31%~, however; my overall utilization is 10-12%). -_- I am not kidding. I hope the rep from the EO realizes how ridiculous that is and lets me in, but yeah. My experience with Amex is a completely different story, and it's an odd one.

I went on an app spree this past weekend. I apped for Chase first, since I have been trying to get a card with them since Sept 2013 lol, and I was auto denied. I then apped with Amex (those are the only two 'brand' of cards I truly want), and I was instantly approved. I always assumed Amex would be more difficult to get in with than Chase. Nope. I applied for the Blue Cash Everyday, received a $1,000 CL. I was shocked at the low CL, but I was just happy to get in there. Read on the forums that's it's always good to apply for two at once, so I decided to try for the Amex Everyday Preferred, but I apped around 12~ hours after the BCE app. The app has been on hold since the 18th, until today! I just found out today that I was approved for the Everyday Preferred with an $8,000 CL. No idea why the differences in CL, but I am definitely not going to argue with them haha. The Everyday limit is reflective of most of my other cards. I will definitely keep both, regardless.

I actually posted about Chase 'hating' me a few days ago...lol. Chase is definitely a complex company...

I used to think Chase hated me too until my recent approval.

Re: General Requirements for any AMEX card?

hallas — Sat, 23 Aug 2014 00:30:22 GMT

@chalupaman wrote:

I used to think Chase hated me too until my recent approval.

How many times did you apply before you were approved? Lol.

Re: General Requirements for any AMEX card?

jamesdwi — Sat, 23 Aug 2014 01:11:07 GMT

@chalupaman wrote:
@hallas wrote:
Chase denied me with 715-740~ FICOs all around, very few inqs, no derogs, baddies, or lates, etc. Debt to income is great, income great, stable job history, etc. I applied for the Chase Slate, and I was instantly denied. I attempted to recon, denied. I am currently waiting on a response from someone in the EO, who called me on Monday, so I don't think it's looking good. AAoA is 4 years, etc etc etc. Anyway, I was told I was denied for too many inqs at first, when I explained that I auto loan shopped in June, and there were only two other inqs (one on each report, they pulled EQ and EX), which I explained, she moved on to a different denial reason (lol no mention of it the first go 'round). I have a BT card, and I had (at the time) a $6,000 limit (Merrill Lynch +, and they gave me a CLI with a SP to $8,000 a day or two after haha), and it had a balance of around $3,000~. Thus, she said the utilization for that specific card was too high (around 30-31%~, however; my overall utilization is 10-12%). -_- I am not kidding. I hope the rep from the EO realizes how ridiculous that is and lets me in, but yeah. My experience with Amex is a completely different story, and it's an odd one.

I went on an app spree this past weekend. I apped for Chase first, since I have been trying to get a card with them since Sept 2013 lol, and I was auto denied. I then apped with Amex (those are the only two 'brand' of cards I truly want), and I was instantly approved. I always assumed Amex would be more difficult to get in with than Chase. Nope. I applied for the Blue Cash Everyday, received a $1,000 CL. I was shocked at the low CL, but I was just happy to get in there. Read on the forums that's it's always good to apply for two at once, so I decided to try for the Amex Everyday Preferred, but I apped around 12~ hours after the BCE app. The app has been on hold since the 18th, until today! I just found out today that I was approved for the Everyday Preferred with an $8,000 CL. No idea why the differences in CL, but I am definitely not going to argue with them haha. The Everyday limit is reflective of most of my other cards. I will definitely keep both, regardless.

I actually posted about Chase 'hating' me a few days ago...lol. Chase is definitely a complex company...
I used to think Chase hated me too until my recent approval.

once i got my Chase freedom card,took one failed AP.. perhaps i should of reconned it more. Then Chase started loving me read my signature for proof... They seem to always be willing to give me another card. CLI's not so much only 2x auto-CLI (on freedom and slate) in the 3 years i have been with Chase.

Re: General Requirements for any AMEX card?

chalupaman — Sat, 23 Aug 2014 01:33:36 GMT

@hallas wrote:
@chalupaman wrote:

I used to think Chase hated me too until my recent approval.
How many times did you apply before you were approved? Lol.

Tried for the Freedom earlier this year denied for that and the Amazon Chase Visa and also got denied for that basically.

Re: General Requirements for any AMEX card?

ecxpa — Sat, 23 Aug 2014 02:30:26 GMT

Got the amex green charge card and AU on DW amex everyday.........can't seem to get my own revolver though.........I have tons of inquiries....salary just north of 150k ......can get all other cards except Amex revolver and Citi cards. Amex denies me for old missed payments in 2012, inquiries and new accounts. Don't think they like me at all.....tried increasing spend to over 1k a month for a couple of months still no go........Fico's are EQ 724, EX 741, TU 752.........gonna try not asking for 3 mos and see what happens

Re: General Requirements for any AMEX card?

Anonymous — Sat, 23 Aug 2014 10:11:56 GMT

Cold applied for a Green (charge) online about 8 months ago and was instantly approved. Although charge cards don't technically have a limit, I got a nice email from Amex telling me they'd have to stop my charging privileges until I made a payment when I let my balance hit $3K one month, 3-4 months into having the card.

My score was right around 650 (maybe lower but definintely not higher) with gross income only around $50K (in Maryland, for cost of living reference) at time of application. The kicker though was that my util and income-debt ratio were insanely bad (90% util on ~$20K worth of credit cards +$30K in student loans). I think I also had ~12 hard pulls on my reports from a couple app sprees the previous year. So I'd say the Green charge card is extremely easy to get unless my approval was an anomaly. Worth noting though that I have zero lates with solid 10+ years of credit history (though my AAoA was only ~4 years because I opened so many accounts within the last 2 years).

Also worth noting, I applied for a Chase Freedom at the same time with the Amex Green and was flat denied within like 5 seconds. I was also denied for the Amex Delta revolver. Also, I already have a legacy Chase card that's been open for like 8 years, and I've tried multiple times throughout the last several years to upgrade it to an Amazon card but have been shot down every time. Chase also slashed my credit limit several years ago when the credit bubble burst even though I'd never missed a payment and util was actually ok at the time. So I'd definitely say Chase is much more strict. Same with Citi in my experience. Capital One has always been extremely generous with me though.