Am I ready to app for Amex ED or not?

[Anonymous]

Hey everyone,

I have been reading on the boards about the approvals and discussion in regards to the Amex ED.  Here's my profile:

EX  697

Capital One   secured           $25           $750(06/13)

Capital One QS1                   $63           $500(12/14....just reporting for first time this moth)

BoA                                       $0              $500(10/12)

Credit One                             $417          $750 (actually 0 but doesn't update to CRA until about 24th)

Express/Comenity                  $0             $500 (01/13)

AAoA           1yr 5mos  with the new Cap 1 account

Utilization     18%  with the 417 showing  

0 lates

income        $32k 

INQ        4 total     2 last month    2 year + old 

I am thinking that I should wait until this weekend?  Utl would be 3% or so but it I did app now, would Amex look at the one card at 76% or look at overall utilization of 18 percent?

[CreditCuriosity]

Wait for the credit one payment to reflect on your Exp report and you should be fine.  My score was lower then yours and I got approved for 10k on that card, granted my income was considerably higher as well...  I think you will get approved no problem.

They would look at overall Utilization, but that Credit one reporting so high might be a concern as stated, better wait to get a better rate and CL vs. doing it before Credit One paid off.

[Anonymous]

---

@CreditCuriousity wrote:

Wait for the credit one payment to reflect on your Exp report and you should be fine.  My score was lower then yours and I got approved for 10k on that card, granted my income was considerably higher as well...  I think you will get approved no problem.

---

Yeah, I read your approval thread a few minutes ago..  Really amusing.  I guess I just have an itchy trigger finger?  Lol

[CreditCuriosity]

 Side question.. How did you EQ/EX get a 100 point raise in 1 month, but eq hasn't really budged?  

[Anonymous]

---

@CreditCuriousity wrote:

 Side question.. How did you EQ/EX get a 100 point raise in 1 month, but eq hasn't really budged?  

---

I had a medical collection...that I began my rebuilding with on my CR(scores in sig) on 12/20/2014 when I began my journey...paid that off along with my cc. EX/EQ immediately removed med coll....TU only removed this past weekend.   Scores in 3B monitoring haven't updated yet, don't know the actual Fico 08 score but I am sure it will go up to or over 700 by next week?  All the others have.  

[CreditCuriosity]

ah.. i see

[Anonymous]

I was just approved for the ED with an EX score 15 points lower than yours. My AAoA is a bit higher, but not a lot. One key difference is that my util is at 2%, and has historically never been much above 5%.

[abhowmick18]

Its tricky w/ AMEX. 

id suggest first winding everything down to 0, waiting a week into the new cycle and then trying to apply. I tried that with only two cards to my name and a profile of 1yr and I was approved for a BCE with a starting limit of 5k. 

hope things workout for you!