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AMEX Everyday Odds

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Frequent Contributor

AMEX Everyday Odds

Just got an offer. Not sure if it's legit.

TU: 657
EX: 627
EQ: 599

EQ is reporting 1 baddie that has been deleted from my other reports.

79% utilization.

What are my chances.
Message 1 of 8
7 REPLIES 7
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Frequent Contributor

Re: AMEX Everyday Odds

EX score is a bit low....utilization is a bit high.

 

where was the offer from?


Message 2 of 8
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Frequent Contributor

Re: AMEX Everyday Odds

Email from TransUnion.
Message 3 of 8
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Established Contributor

Re: AMEX Everyday Odds

IIRC, a fair # of credit pulls db, credit board and my fico participants seem to indicate that Amex prefers low util, good income and the fewer inquiries the better, i.e if you spree go with them first. I clearly cannot tell you if you would be approved but I know that when my CC util was near 100% I was in the 660 EX fico range and when I brought both cards down each to < 10 and had overall 3% util My ex went to 750+.

 

My profile/bucket may be different but I can promise you my approvals would not have gone through at a high util. If possible pay those balances off, as many cards <9 % first and then aim for overall < 9%. I would also suggest making them the only app if possible. I had 740+ fico on EX with 3 recent inq's (6 total) when they approved BCE for $2k. So I imagine if my score was 660+ and high util I would have been denied. 

Message 4 of 8
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Community Leader
Mega Contributor

Re: AMEX Everyday Odds

With your stats i would lean towards no. Amex has on occasion given new cards to low EX but 79% utilization is not good for any lender. Work on that and let your scores rise would be my suggestionSmiley Happy
Message 5 of 8
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Moderator

Re: AMEX Everyday Odds

Get that utilization down to at least under 50% prefer < 30%.. That is near maxed out as what is consider maxed is 90% utilization.  As you pay it down being utilization your will see a direct correlation of your score increasing by leaps and bounds as well

Message 6 of 8
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Frequent Contributor

Re: AMEX Everyday Odds

Thanks everyone. I will not apply. I'll wait
Message 7 of 8
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Super Contributor

Re: AMEX Everyday Odds

If you are a current Amex cardholder, feel free to app as all denials will only be a SP



3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>04/2020 CCT EX 834 TU 848 EQ 844

I'd get it one piece at a time
And it wouldn't cost me a dime
You'll know it's me when I come through your town
I'm gonna ride around in style
I'm gonna drive everybody wild
'Cause I'll have the only one there is around.

- Johnny Cash One Piece At A Time
Message 8 of 8
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