Amex card Application?

[paula629]

Hey....

I am interested in applying for an Amex card.... not sure which one or if I should wait...... the parent plus loans are due this month...I deferred them to consolidate in a few months....i would like the Amex BCE, Delta Gold, and Platinum cards......i have NO lates on my Experian account......but I am over the limit on my Flagship by $1k (I was furloughed back in December & January and used my card)... I would like to transfer the balance.....does this seem realistic? If not, what’s an ideal utilization rate to have for approval?

what are some suggestions.....

[Anonymous]

Have you checked for AMEX prequals?

I’m going to speculated that you’ll have a hard time being approved for any card from any lender with a card showing 100%+ utilization.

[paula629]

Nothing is showing in the Pre-Quals.....🙄

[Anonymous]

Work on paying down the NFCU card. Once you get the utilization down on that card, you’ll see some score increases and your profile will appear less risky. At that time, you may see some better luck with approvals and may then be able to achieve the balance transfer you’re seeking (of course depending on if there are any other derogatories within your profile).

Once you get that NFCU card at a reasonable balance, don’t look past requesting a CLI with them also. They have been known to issue CLIs even with utilization above what is widely accepted as OK. A CLI would quickly help your utilization as well.

[hawkins]

Especially with a high UTI. Amex watches your UTI by SP your credit sometimes every month sometimes every 2 or months depends on if they are concerned about something or not. So with 100+% showing right now. Not gonna happen till it shows 30% or “less”. EMPHASIS LESS!!!

[CreditRebuilder2020]

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@paula629 wrote:

Hey....

I am interested in applying for an Amex card.... not sure which one or if I should wait...... the parent plus loans are due this month...I deferred them to consolidate in a few months....i would like the Amex BCE, Delta Gold, and Platinum cards......i have NO lates on my Experian account......but I am over the limit on my Flagship by $1k (I was furloughed back in December & January and used my card)... I would like to transfer the balance.....does this seem realistic? If not, what’s an ideal utilization rate to have for approval?

what are some suggestions.....

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AMEX is real lenient with lower scores on their charge cards and some of those lower level Delta cards. However if you're beyond your limit on one of your cards.....That's going to be an instant denial. 

As everyone else has said, pay down that card and get your utilization under 30% and with that, you'll see your scores go up as well. Then maybe take a stab at it. Not right now though. 

[CreditInspired]

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@paula629 wrote:

Hey....

I am interested in applying for an Amex card.... not sure which one or if I should wait...... the parent plus loans are due this month...I deferred them to consolidate in a few months....i would like the Amex BCE, Delta Gold, and Platinum cards......i have NO lates on my Experian account......but I am over the limit on my Flagship by $1k (I was furloughed back in December & January and used my card)... I would like to transfer the balance.....does this seem realistic? If not, what’s an ideal utilization rate to have for approval?

what are some suggestions.....

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Hi and welcome

Until you get your UT under 8.9%, I don’t think you would qualify for any additional CCs. Just because you have no lates on EX, do you have lates on EQ &/or TU. All credit reports matter because there is no guarantee a specific report would be pulled. 

[paula629]

Thanks for the welcome....I said Experian from reading that’s who AMEX uses.....I have no lates on any...Transunion hasn’t updated yet.... I’ll work on getting the Flagship lowered....I will look at applying in June...🙃