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Amex pre qualify please help.

Moni209
Contributor

Amex pre qualify please help.

I have been on a journey of improving my credit scores, my last medical collection fell off this week and my scores jumped to 673. I went to AMeX pre qualify and was surprised that it gave me pre approvals for DELTA AMEX, DELTA GOLD and the Hilton Honors card. Can anyone advise if I should take the HP hit or should I wait until My score goes up even more.



Current Score: 4•29 | EQ 666 | TU 673 | EX 666
Goal Score: 730
15 REPLIES 15
M_Smart007
Epic Contributor

Re: Amex pre qualify please help.


@Moni209 wrote:

I have been on a journey of improving my credit scores, my last medical collection fell off this week and my scores jumped to 673. I went to AMeX pre qualify and was surprised that it gave me pre approvals for DELTA AMEX, DELTA GOLD and the Hilton Honors card. Can anyone advise if I should take the HP hit or should I wait until My score goes up even more.


@Moni209, is the pre qualify a solid APR one number or a range of like 15.99-26.99% ?

 

Fixed APR Pre-Qual's are usually pretty solid, also if you pre-qual for "DELTA AMEX, DELTA GOLD and the Hilton Honors card"

 

If solid APR, You could cold app for Blue Cash Everyday, Cash Magnet, Blue Cash Preferred, Amex Everyday.

Message 2 of 16
GoldenloveNY
Frequent Contributor

Re: Amex pre qualify please help.

You have an almost solid approval if you see a solid APR. On the other hand, I was prequalify for those same cards without a solid APR and still got approved for the Delta Gold, so YMMV. If your report has no baddies, your utilization is low (overall and with each card), then I say go for it. It's not 100% guarantee, but your chances are high. 

Citi Double Cash: $1,000
Capital One Secured: $500
Capital One Savor One: $1,650
Amex Gold- NPSL.
Amex Platinum- NPSL.
Amex Delta Gold: $1,000
Best Buy Store Credit Card: $2,000
Amazon Store Credit Card: $6,000
Verizon Visa Card: $2,000

Bj's Perks Elite Mastercard: $2,300

Merrick Credit Card: $1,400
First Savings Credit Card: $1,250
Message 3 of 16
Moni209
Contributor

Re: Amex pre qualify please help.

@M_Smart007  I don't see any APR just whem I click on offer and benefit terms Insee apr range. Any thoughts.

D9A0F185-5BFA-44E1-9D15-C60AD5651652.jpeg

 

3D4D7447-A943-4501-B1A9-04F594986F5E.jpeg

 



Current Score: 4•29 | EQ 666 | TU 673 | EX 666
Goal Score: 730
Message 4 of 16
Moni209
Contributor

Re: Amex pre qualify please help.

Where should I be seeing the solid APR number? 



Current Score: 4•29 | EQ 666 | TU 673 | EX 666
Goal Score: 730
Message 5 of 16
GoldenloveNY
Frequent Contributor

Re: Amex pre qualify please help.

Click the "Rates and Fees". There you can see if your APR is in a range or you have a solid APR. 

Citi Double Cash: $1,000
Capital One Secured: $500
Capital One Savor One: $1,650
Amex Gold- NPSL.
Amex Platinum- NPSL.
Amex Delta Gold: $1,000
Best Buy Store Credit Card: $2,000
Amazon Store Credit Card: $6,000
Verizon Visa Card: $2,000

Bj's Perks Elite Mastercard: $2,300

Merrick Credit Card: $1,400
First Savings Credit Card: $1,250
Message 6 of 16
Moni209
Contributor

Re: Amex pre qualify please help.


@GoldenloveNY  is this where it should be? I see a range is that correct.? Should I just wait.? My only baddies are lates from 2 years ago.

 

89989A05-47E7-4BDB-8D63-0E3F899110F3.png

 



Current Score: 4•29 | EQ 666 | TU 673 | EX 666
Goal Score: 730
Message 7 of 16
M_Smart007
Epic Contributor

Re: Amex pre qualify please help.

 

@Moni209, It is a range, I would wait. It would probably end up a "denial".

 

Hope this helps.

Message 8 of 16
GoldenloveNY
Frequent Contributor

Re: Amex pre qualify please help.

You could wait until your score is near 700 and have a solid APR offer. A soild APR is almost always a win. But like I said, you could get approved even within a range (like I did), especially if your credit report is "clean now" (and you don't have a lot of inquiries and high ultization). How risk tolerated are you for getting another HP that may result in a denial? Only you can decide that. Best of luck though! 

Citi Double Cash: $1,000
Capital One Secured: $500
Capital One Savor One: $1,650
Amex Gold- NPSL.
Amex Platinum- NPSL.
Amex Delta Gold: $1,000
Best Buy Store Credit Card: $2,000
Amazon Store Credit Card: $6,000
Verizon Visa Card: $2,000

Bj's Perks Elite Mastercard: $2,300

Merrick Credit Card: $1,400
First Savings Credit Card: $1,250
Message 9 of 16
CS1974
Valued Contributor

Re: Amex pre qualify please help.

I think you do have a shot at the cards they are prequalifying you for since they are co branded cards.

Generally the cobranded cards are more lenient for approvals followed by the charge cards followed by the core cards.

 

 

As for as APR range, AMEX doesn't offer solid APR for non members with prequalified offers. At least 99% of the cases I've seen this has been true.

 

It's up to you if you want to apply or not. You could always wait a little bit since you just saw the offers yesterday. If they are there today, they will be there in a few weeks so long as nothing has changed in your profile.

July 2020
Experian Fico 8. 707
Transunion Fico 8. 705
Equifax Fico 8. 724

Capital one QS1. $2450
Discover IT Cashback. $12,000
PNC cash rewards signature Visa. $17,500
Chase SW rapid rewards signature visa $6900
Amex Green Card NPSL POT $11,000

Amex Hilton Honors $1000
Citi Rewards $3900
Message 10 of 16
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