topic Re: AMEX Offer For Jet Blue in Credit Cards

AMEX Offer For Jet Blue

Anonymous — Thu, 17 Jul 2008 19:51:34 GMT

So, AMEX e-mails me and tells me to push the "I Accept" button for a Jet Blue card. I don't fly Jet Blue. Never have. I call and speak with a rep and tell her I'd rather have the COSTCO True Earnings card and that I already have Blue. She says she'll take my application over the phone and she's sure AMEX will approve me, but then COSTCO will have to approve me. If they do, I should get a letter (not the card, mind you) from them in 2 to 3 weeks. What the????

I suppose since it's a co-branded card, COSTCO has to approve me but why can't they co-sign on AMEX's processing? Plus, I have been a COSTCO member since 2002. I'll pull out my hair waiting 3 weeks to find out if they've "decided to approve me". Hey, 2 or 3 weeks is a long time when most cards take 5 to7 days to arrive in the mail.

I didn't know that when you got a co-branded card both parties had to approve you. It makes sense, but did anybody else have to wait that long for approval, or is it just the AMEX COSTCO card?

Re: AMEX Offer For Jet Blue

Creditaddict — Thu, 17 Jul 2008 20:03:23 GMT

just the amex costco card

Re: AMEX Offer For Jet Blue

Anonymous — Thu, 17 Jul 2008 20:08:20 GMT

What does Costco have to approve you for? I don't get it. The card is backed solely by Amex right? So it would be subject to the Amex financial criteria wouldn't it?

Re: AMEX Offer For Jet Blue

Anonymous — Thu, 17 Jul 2008 20:09:45 GMT

FretlessMayhem wrote:
What does Costco have to approve you for? I don't get it. The card is backed solely by Amex right? So it would be subject to the Amex financial criteria wouldn't it?

Length of time as a Costco member and high annual spending at Costco go a long way towards approval for this card. Amex probably has to get that data from Costco before they can finalize their decision.

Re: AMEX Offer For Jet Blue

Anonymous — Thu, 17 Jul 2008 20:12:49 GMT

@Anonymous wrote:

@Anonymous wrote:
What does Costco have to approve you for? I don't get it. The card is backed solely by Amex right? So it would be subject to the Amex financial criteria wouldn't it?

Length of time as a Costco member and high annual spending at Costco go a long way towards approval for this card. Amex probably has to get that data from Costco before they can finalize their decision.

What I don't get is why Costco has any say in it.

Re: AMEX Offer For Jet Blue

Anonymous — Thu, 17 Jul 2008 20:17:28 GMT

Fretless, that's my question. I didn't app after I was told that. Since AMEX pulls a "soft", does COSTCO pull, also?

Re: AMEX Offer For Jet Blue

Creditaddict — Thu, 17 Jul 2008 20:21:09 GMT

I don't think costco actually has any say in the application at, amex is simply verify' you are a member and how much you spend probably to help make sure you have enough cl to do your normal shopping.

Re: AMEX Offer For Jet Blue

haulingthescoreup — Thu, 17 Jul 2008 20:22:48 GMT

My guess is that Costco isn't actually approving; they're just verifying length of membership and so on that cheddar mentioned. Probably the longer you're with them and the more you shop there, the better the deal you'll get on the card.

Costco is backed up because someone in my town started an online petition begging them to build a store here, lol. Sorry to have tied up your app!

edit to add: creditaddict, you beat me to it!

Message Edited by haulingthescoreup on 07-17-2008 01:22 PM

Re: AMEX Offer For Jet Blue

Anonymous — Thu, 17 Jul 2008 20:29:31 GMT

MsQueenB wrote:

Fretless, that's my question. I didn't app after I was told that. Since AMEX pulls a "soft", does COSTCO pull, also?

Amex doesn't pull a soft. If you're applying for a new account, they will pull a hard.

Costco probably won't pull at all, and likely has nothing to do with the credit decision. They likely only need to verify your membership and level of annual spending, which will help Amex make an approval decision and set the terms, as creditaddict and hauling mentioned above.

Message Edited by cheddar on 07-17-2008 01:29 PM

Re: AMEX Offer For Jet Blue

Anonymous — Thu, 17 Jul 2008 20:28:13 GMT

hauling, if that's the case, I haven't spent much at COSTCO this year at all! In the past, I've spent thousands and thousands of dollars in that place. It's dangerous to shop there because you alwyas get more than what you came in for. My only gripe is that it's always so darned crowded!

Re: AMEX Offer For Jet Blue

haulingthescoreup — Thu, 17 Jul 2008 20:32:57 GMT

Our closest is 200 miles away. I could handle crowds if I could just get to one.

Why can't we get any decent retail in this town???? Federal offices, energy research, major public university --plenty of money here, but no good retail. No Macy's, no Costco, no Nordstorm's; Dillard's is our peak shopping moment! And a Bass Pro Shop 40 miles up the road. Gah!

Re: AMEX Offer For Jet Blue

Anonymous — Thu, 17 Jul 2008 20:34:08 GMT

Well, if that's the case, that rep misinformed me! I don't need another "hard" after Discover. I thought they'd already did a "soft" before they offered me the Jet Blue but it appears I was mistaken.

I just paid off my AMEX balance, so I'll just keep my Blue and be done. Maybe I'll wait until after the new year.

Re: AMEX Offer For Jet Blue

Anonymous — Thu, 17 Jul 2008 20:35:31 GMT

MsQueenB wrote:

Well, if that's the case, that rep misinformed me! I don't need another "hard" after Discover. I thought they'd already did a "soft" before they offered me the Jet Blue but it appears I was mistaken.

I just paid off my AMEX balance, so I'll just keep my Blue and be done. Maybe I'll wait until after the new year.

Well, the rep may have been correct, if that's what you were told. I wouldn't count on it though. Always expect a hard pull when opening a new account.

Re: AMEX Offer For Jet Blue

Anonymous — Thu, 17 Jul 2008 20:40:39 GMT

hauling, where do you live? No Nordstrom? I'd die! I'm going to the Nordies near my house to pick up some perfume I pre-ordered. Gotta have Nordies nearby!

Re: AMEX Offer For Jet Blue

haulingthescoreup — Thu, 17 Jul 2008 21:16:59 GMT

@Anonymous wrote:

hauling, where do you live? No Nordstrom? I'd die! I'm going to the Nordies near my house to pick up some perfume I pre-ordered. Gotta have Nordies nearby!

Four hours north of the Atlanta Nordstrom; 3 hours east of the Nashville Nordstrom; 8 hours west of the Fayetteville NC (Fayetteville NC has Nordstrom!!!!!!) --you get the picture.

Seriously, we got nothin' here. Dillards is as good as it gets. Oh, I think there's an Ann Taylor somewhere.

Re: AMEX Offer For Jet Blue

jaysdad2k — Thu, 17 Jul 2008 21:54:48 GMT

I suggest going to the Costco store to apply for the Costco Amex. They take your picture and submit the app to Amex online and you could get instant approval in the store.

I have only been a Costco member since May 2007, and I really didn't spend much this past year, except for a set of tires. They had my address mixed up, so I got the pending app, but I went home and checked app status online, fixed the address and was approved instantly.

Amex does a definite hard with EX, but nothing else.

Re: AMEX Offer For Jet Blue

Geordi — Fri, 18 Jul 2008 00:45:57 GMT

IMHO, people put too much credit into what CSR actually know about the details of each and every credit card that their company offers.

I have the TrueEarning AMEX and the approval goes like this:

You apply for the Costco American Express TrueEarnings Card with AMEX
AMEX contacts Costco to get your annual purchases on your Costco account
AMEX uses the data from Costco to determine your limit

Costco has no part in the decision of the card or limit, however your annual Costco membership fee shall be automatically billed to your TrueEarnings Card on the Costco anniversary date.

I actually have the TrueEarning Business card. I like the card ok and it makes one less card that I have to carry in my wallet. The TrueEarnings Card does double duty as a Costco membership card and an American Express Card.

I hope that helps.

GL