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Amex Welcome Offer Special Offer - Prequal or denial?

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Regular Contributor

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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Valued 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!


No derogs, but tons of inquiries and heavy credit-seeking behavior. In March of 2019, I had no open accounts, a charge-off, two collections, and scores in the low 500s. The only thing in my signature now that was on my CRs then was the old closed Exxon card.
Cards

Authorized user / Corporate / Auto loan

Card CLs total $83,100, not counting the AU card. The AU card brings the total to $108,100. In March 2019, card CLs totaled $0. In April 2019, card CLs reached $500. Since then, I received a lot of great advice on this board, as well as a lot of advice I didn't take, that is good for most situations, but not mine.
Closed but still on reports: ExxonMobil, $950, 10/08-02/11 (Equifax only) | Citi secured, $200, 04/19-09/19 | 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 | Self Lender secured $500 loan, 04/19-01/20 | Unsecured personal loan from Coastal, $1,000, 06/19-08/19.
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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.

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Community Leader
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 | GHS Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Firestone | Wayfair | Overstock | Kohl’s

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





TCL $63,350 | Agg. Util under 7%
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