New to the forum, just wanted some input. Ive had the AMEX Optima for roughly 8 years with a paultry $500 limit, I only have a recurring donation on this card. Before this card, I had a white Amex, I forget the name, but apparently during that time they checked my credit scores, and cancelled the card, this was in excess of 10 years ago. The optima card was an offer card they sent me to build back my credit. Here we are today and I have a DISC 4.5k, Citi Costco10.5k, and a credit union Visa at 3k, then this AMEX. All the cards are paid off, the citi and Disc see the most action. I want a better AMEX card becasue the $50 yearly fee for the Optima card isnt worth it. Did the pre-approval for AMEX but no offer returned, and got the "here are some cards you might consider." Only new credit inquiries I have is a loan from LightStream, and I just refi'd my home last year.
So what should I do, my FICOs are EX689 Trans744 EQ767.
More so than the blue cash every day card? Would the Delta Gold be good for someone who only travels a couple of times a year if that?
The white card would have been Zync.
Delta Gold is a good card if you travel on Delta with bags at least twice a year (or once a year with 1 or more companions also checking bags). The Welcome Offer can also be quite generous and the underwriting standard appears to be lower than other cards, with many many data points of sub-700 approvals.
I would suggest just applying for the card you want, though. The worst that can happen is they say no and you get a hard pull. Is there a reason that your Experian score is substantially lower than the others? Unfortunately, FICO Experian 08 is the score they will use.
@K-in-Boston
I have no idea why. I just paid off my PayPal account (Sync bank) which will take my overall credit utilization down to almost zero. All my reports show my student loans, all show my mortgage. Although, the Experian credit simulator advised of I paid off 48k in student loans, it was take my score north of 700. With the PayPal payoff, it's gonna put it at 699, based on that same simulator. Maybe I need to go over the Experian report line by line to look for discrepancies...
**just compared my Experian to the others. They all show pretty much the same thing. I'm hoping when PayPal reports on the 18th a zero balance it'll shoot me north of 700.
Thanks, once the the PayPal payoff hits my credit, I'll probably go with the Delta Amex given the fact that me and the Mrs plan on flying more this year, and more often afterwards.
@Anonymous wrote:
@HarleyMan2014 wrote:More so than the blue cash every day card? Would the Delta Gold be good for someone who only travels a couple of times a year if that?
Blue Cash isn't a good idea right now. It's a core revolver, the class of Amex card with the most stringent underwriting. Due to that, and Covid stressing the financial industry as well, you'll likely need your EX score quite a bit higher for that one.
What's crazy is my wife has the BlueCash (1k limit) card and her credit has dipped in the last few years to the high 5s, low 6s. I just remedied that by paying off all her stuff, by the middle of this year she should be in a great place. I mention that because my revolver Amex was canceled due to bad credit automatically by Amex....crazy
@Anonymous wrote:@HarleyMan2014 I'm sorry to hear that your previous account was closed. Lenders can and will regularly soft pull your reports. If they see something they don't like, they will take adverse action (whether its a cld or account closure).
I'm not that surprised that Amex which usually requires excellent scores would be will to perform aa if they noticed a score dip.
I hope you get a nice jump in your experian score when your scores update.
Good luck.
Yea. Me too, it's the only score lagging. When the other scores were making leaps and bounds, Experian was always the little engine that could lol.