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Amex Welcome Offer Special Offer - Prequal or denial?

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Amex Welcome Offer Special Offer - Prequal or denial?

Hi, advice needed. I am 2 mths in with my Amex Delta. Whenever I’m in the app and check prequals, it either says “expanding membership is easy” or that it found no offers. But today after I closed the “sorry no offers” pop up, I saw 3 “welcome offers” for cash magnet, gold and platinum. They are all labeled “Special Offer for You”. Is this a prequal or will I risk being denied if I app for it? Also, as a current Amex person, would it be SP? I searched the site and didn’t see any posts that answered this. Thank you! My F8 scores are ~705 currently (paying down high util of 36% to 29% to boost score a bit more this week )
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Established Contributor

Re: Amex Welcome Offer Special Offer - Prequal or denial?

They are not prequalifications (and, prequalifications are not preapprovals, and preapprovals are not approvals), so you do risk being rejected for them. However, going by your scores (only info you provided), you should have a good chance for those cards. No guarantee (I have been turned down by Amex multiple times with Experian well over 700, it depends on overall profile). Good luck!



FICO 8 scores are deceptively high. My profile is very young with a lot of recently opened accounts and large number of inquiries. No derogs. Over 5/24 until summer 2021.

Authorized user / Corporate

Closed but still on reports: ExxonMobil, $950, 10/08-02/11 (Equifax only) | Citi secured, $200, 045/19-09/19 | Capital One secured, $300, 04/19-08/19 | My Jewelers Club, $5,000, 05/19-08/19 | Green Dot Primor, $300, 05/19-08/19 | Unsecured personal loan from Coastal, $1,000, 05/19-08/19.

Goal cards: Ducks Unlimited, Chase Sapphire Reserve (or Preferred, haven't decided). Increased CLs across the board.
Long-term goal: Legitimate 770s on EX/EQ/TU, able to qualify for most normal credit products. Prime-rate mortgage.
Message 2 of 4
Valued Contributor

Re: Amex Welcome Offer Special Offer - Prequal or denial?


@MusicLovah7 wrote:
Hi, advice needed. I am 2 mths in with my Amex Delta. Whenever I’m in the app and check prequals, it either says “expanding membership is easy” or that it found no offers. But today after I closed the “sorry no offers” pop up, I saw 3 “welcome offers” for cash magnet, gold and platinum. They are all labeled “Special Offer for You”. Is this a prequal or will I risk being denied if I app for it? Also, as a current Amex person, would it be SP? I searched the site and didn’t see any posts that answered this. Thank you! My F8 scores are ~705 currently (paying down high util of 36% to 29% to boost score a bit more this week )

I'm going to assume this is your first or only AMEX card at the moment. As such, you are a relatively new cardmember and should wait until AMEX is soft pulling your EX score consistently and showing it in your online account which is roughly 60 - 90 days from first application. If you hold off until then, you will begin to see pre-approvals and most likely be soft pulled for subsequent approvals.

 

Patience, young Padawan.

Message 3 of 4
Senior Contributor

Re: Amex Welcome Offer Special Offer - Prequal or denial?

^^^ this. Go to View All Cards and click on Apply Now for any you’re interested in. If it says “you are preapproved” you’re in good shape. If it says “expanding your membership...” hold off.


Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | IT Cash | IT Chrome | Quicksilver | Target | VS | Home Depot | Lowes | Firestone | Wayfair | Overstock | Kohl’s

5/24, 1/24, 76445/24, who cares #HappyWithAmex





Entering the garden 5/27/2019, staying until 2020
(Lol so much for that grand plan...)
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