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AMEX Pre-Approval- Cash Mag- am I good?

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CCrew
Regular Contributor

Re: AMEX Pre-Approval- Cash Mag- am I good?

Amex is a strange bird also. Case in point is I have a BCE, with a starting SL of 10k that they 3x'ed. Got an invitation to app for the Magnet when it came out, scores across the board about 10pts higher (720's) than they were when I got the BCE, and I have a utilization of 0%. I run a lot of $ across the BCE but always pay before the statement date. The SL on the new Magnet card was $1k. Go figure. 

Message 11 of 13
Anonymous
Not applicable

Re: AMEX Pre-Approval- Cash Mag- am I good?

As a heads up. I am going to apply through pre approval route, after my card that is carrying a promotional balance is paid off in a couple weeks and it reports. That way there is a better picture and maybe BCE will be an option as well. I will report back.
Message 12 of 13
Anonymous
Not applicable

Re: AMEX Pre-Approval- Cash Mag- am I good?

Because I’m lame, I checked AMEX pre approval. Same cash magnet offer but two other offers. A BCE card with 15k points offer and 18.74% interest rate. Then the grand daddy that I’ve been wanting. Premier rewards gold card pre approval with 50k points sub and first year annnual fee waived.

Can that be right? I need to check my Fico but I didn’t think I was in the 700s. Is a charge card “easier” than a revolver like magnet or bce?
Message 13 of 13
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