AMEX everyday / Prequal ?

[Anonymous]

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@CreditCuriousity wrote:

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@Anonymous wrote:

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@Anonymous wrote:

apparently I need to update my signature - EX is 661

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Did you app yet?

(Note: The above is neither a recommendation nor a solicitation of an application of the credit card being discussed herein. An application should only be made after thoroughly reviewing the material, both benefits and terms of service, provided by the credit card issuing entity. You should read the provided material carefully in order to understand fully all of the implications and risks of the offering of the credit card to which it relates. The achievement of any or all goals is not guaranteed. There is no assurance that the value or benefits of the credit card will be sufficient to justify the application for same. It is just a question.)

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Filled out that PRG app yet?  Avoided that like a hot potato

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No, but I do keep looking at the screen shot of the pre qual.

[Anonymous]

My income isn't all that high - ok - but nothing to scream about....

Never burnt -never had an AMEX card in my life - even back a dozen years ago when my score was over 800. 

part of me says try it - the other says NO WAY.   Honestly am working for a mortgage and I have 4 cards that are pretty new....so part says GARDEN.

[CreditCuriosity]

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@Anonymous wrote:

My income isn't all that high - ok - but nothing to scream about....

Never burnt -never had an AMEX card in my life - even back a dozen years ago when my score was over 800. 

part of me says try it - the other says NO WAY.   Honestly am working for a mortgage and I have 4 cards that are pretty new....so part says GARDEN.

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Depending on when you want to go for a home that is your biggest thing you need to consider.. I don't think the 4 new accounts will hurt you..  Just keep the home in mind is all, depending when you will seek that.

[Anonymous]

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@Anonymous wrote:

My income isn't all that high - ok - but nothing to scream about....

Never burnt -never had an AMEX card in my life - even back a dozen years ago when my score was over 800. 

part of me says try it - the other says NO WAY.   Honestly am working for a mortgage and I have 4 cards that are pretty new....so part says GARDEN.

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If a mortgage is on the horizon, definitely do not apply.

[Anonymous]

Thanks CAPTOOL - i'll wait - I want a house more than the AMEX card! LOL

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

My income isn't all that high - ok - but nothing to scream about....

Never burnt -never had an AMEX card in my life - even back a dozen years ago when my score was over 800. 

part of me says try it - the other says NO WAY.   Honestly am working for a mortgage and I have 4 cards that are pretty new....so part says GARDEN.

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If a mortgage is on the horizon, definitely do not apply.

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Just to add on...HP's fall off your report in 2 years, so for the cleanest report possible you shouldn't apply for anything less than 2 years before when you plan to get your mortgage.  If you already have all these new cards and you don't mind delaying your mortgage a few more months then maybe you should apply; otherwise you'll want to stay away for a couple of years.

[Jerry45]

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@Anonymous wrote:

Thanks CAPTOOL - i'll wait - I want a house more than the AMEX card! LOL

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Good Luck , either way.

[Anonymous]

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@Anonymous wrote:

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Just to add on...HP's fall off your report in 2 years, so for the cleanest report possible you shouldn't apply for anything less than 2 years before when you plan to get your mortgage.  If you already have all these new cards and you don't mind delaying your mortgage a few more months then maybe you should apply; otherwise you'll want to stay away for a couple of years.

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I don't plan on waiting a couple years for the mortgage. (have between 5-7 HP's depending on report)  Original plan was to wait until next spring.....but there is a house on the market we are considering.....I just keep plugging away and keep hoping the house is still on the market......

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:
Just to add on...HP's fall off your report in 2 years, so for the cleanest report possible you shouldn't apply for anything less than 2 years before when you plan to get your mortgage.  If you already have all these new cards and you don't mind delaying your mortgage a few more months then maybe you should apply; otherwise you'll want to stay away for a couple of years.

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I don't plan on waiting a couple years for the mortgage. (have between 5-7 HP's depending on report)  Original plan was to wait until next spring.....but there is a house on the market we are considering.....I just keep plugging away and keep hoping the house is still on the market......

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In that case I agree with the others: I would suggest not applying for anything else until you've gotten your mortgage.  GL by the way!

[Anonymous]

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Just to add on...HP's fall off your report in 2 years, so for the cleanest report possible you shouldn't apply for anything less than 2 years before when you plan to get your mortgage.  If you already have all these new cards and you don't mind delaying your mortgage a few more months then maybe you should apply; otherwise you'll want to stay away for a couple of years.

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They stay on your report for 2 years, but only effect your credit scores for 1 year. But mortgage lenders will ask to explain the prior 90-120 days of inquiries and whether or not they resulted in credit. The generally accepted rule of thumb is try not to app for anything 6 months before apping for mortgage but it's not a deal breaker.As close as you are to buying, I say wait and then as soon as you get keys in hand app to your heart's desire!