Estimated Odds for Amex Approval

[Anonymous]

Hello all! Hope everybody is doing good. After countless times coming to this website and reading through your guy's community, I finally agreed to join. Now if anybody can help me with a sense of idea on this topic it'll be very appreciated. I'm looking to join the Amex team after a lot of research the goal in mind is to get a co-branded card such as the delta gold, Hilton, or anything to step foot into the game. During this post, I have a couple of questions if you guys can answer on your best knowledge.

1. What's the easiest Amex card to get approved?

2. I have no pre-qualified offers I been checking every week give or take can I still get approved?

3. What are my approval odds on an Amex card and if so which one? ( The Gold Card is my dream card due to the benefits it offers).

A Summary of my score:

Experian Score: 727, Equifax: 719, Transunion: 754.

Total Credit limit (5 cards): 3,300 I know it's horrible.

0 collection accounts ever / 0 missed payments.

Average Age of Accounts: 10 months

Oldest Account Opened: 1 year 6 months.

Revolving Utilization: 1% ( Been under 5% since I got into the credit card game).

Inquiries in the last 12 months: 9 ( 3 months ago most recent)

Inquiries in the last 24 months: 21

I know the inquiries are probably very bad to you guys, but I slowed it down and haven't applied for anything since my last chase card. What card do you guys believe I can get approved with these scores? Do I have a chance at the gold right now? Do I have a high chance at a co-branded Amex card.

Thanks so much for the long read I appreciate you all. 

[silver_idle]

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@Anonymous wrote:

Hello all! Hope everybody is doing good. After countless times coming to this website and reading through your guy's community, I finally agreed to join. Now if anybody can help me with a sense of idea on this topic it'll be very appreciated. I'm looking to join the Amex team after a lot of research the goal in mind is to get a co-branded card such as the delta gold, Hilton, or anything to step foot into the game. During this post, I have a couple of questions if you guys can answer on your best knowledge.

1. What's the easiest Amex card to get approved?

2. I have no pre-qualified offers I been checking every week give or take can I still get approved?

3. What are my approval odds on an Amex card and if so which one? ( The Gold Card is my dream card due to the benefits it offers).

A Summary of my score:

Experian Score: 727, Equifax: 719, Transunion: 754.

Total Credit limit (5 cards): 3,300 I know it's horrible.

0 collection accounts ever / 0 missed payments.

Average Age of Accounts: 10 months

Oldest Account Opened: 1 year 6 months.

Revolving Utilization: 1% ( Been under 5% since I got into the credit card game).

Inquiries in the last 12 months: 9 ( 3 months ago most recent)

Inquiries in the last 24 months: 21

I know the inquiries are probably very bad to you guys, but I slowed it down and haven't applied for anything since my last chase card. What card do you guys believe I can get approved with these scores? Do I have a chance at the gold right now? Do I have a high chance at a co-branded Amex card.

Thanks so much for the long read I appreciate you all. 

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I would probably suggest holding off on applying for about 3 to 6 months (although I probably would suggest to garden for about a year and let your inquiries age and fall off). However, if you really want to gamble without a preapproval, cobrand cards like delta are generally easier to get with the second being charge cards, although sometimes might be hard without a preapproval to give you a strong sign of approval (preapprovals arent guaranteed). AMEX Core cards are harder because of stricter uw. They will check EX8 so your score is generally fine for the most part but only one factor of many. Your inquiries might be looked down on by them (and others) and your AAoA is still low. I would suggest waiting until your AAoA is around 1y2M (4 months from now). I would also suggest letting your other cards age abit more and dont apply for anything else. If you can, can you tell me how many inquiries you have on your EX report in the last 12 month and 24 months?

[Anonymous]

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@Anonymous wrote:

Hello all! Hope everybody is doing good. After countless times coming to this website and reading through your guy's community, I finally agreed to join. Now if anybody can help me with a sense of idea on this topic it'll be very appreciated. I'm looking to join the Amex team after a lot of research the goal in mind is to get a co-branded card such as the delta gold, Hilton, or anything to step foot into the game. During this post, I have a couple of questions if you guys can answer on your best knowledge.

1. What's the easiest Amex card to get approved? The cobranded cards all share similar underwriting and are seen as the tier of cards with the easiest qualification requirements.

2. I have no pre-qualified offers I been checking every week give or take can I still get approved? Yes, a prequal is a reassurance but not a guarantee, and conversely the lack of one does not mean you'll be denied.

3. What are my approval odds on an Amex card and if so which one? ( The Gold Card is my dream card due to the benefits it offers).

A Summary of my score:

Experian Score: 727, Equifax: 719, Transunion: 754.

Total Credit limit (5 cards): 3,300 I know it's horrible.

0 collection accounts ever / 0 missed payments.

Average Age of Accounts: 10 months

Oldest Account Opened: 1 year 6 months.

Revolving Utilization: 1% ( Been under 5% since I got into the credit card game).

Inquiries in the last 12 months: 9 ( 3 months ago most recent)

Inquiries in the last 24 months: 21

I know the inquiries are probably very bad to you guys, but I slowed it down and haven't applied for anything since my last chase card. What card do you guys believe I can get approved with these scores? All of your stats look fine for approval other than inquiries. Historically Amex hasn't been as concerned with inquiries as some others but Covid has had an effect on that. Also, the sheer number of them may give them pause. I would go for a cobrand to start, whichever can benefit you the most.

Do I have a chance at the gold right now? Do I have a high chance at a co-branded Amex card. Gold may be a reach, or it may not. It is really tough to make the call, but a cobrand would probably be more likely. I would start there, and if approved, tend it well and watch prequals in your account for the Gold - it'll come eventually

Thanks so much for the long read I appreciate you all. 

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Thoughts and comments are in the text of your post above. I would honestly say just go for it - with 9/12 and 21/24, what's one more pull? And then you'll know where you stand. You miss 100% of the shots you don't take, right?

[Anonymous]

I was approved for co-branded once score was around 650 on experian. Your score isn't the problem. You simply have a lot of inquiries and basically no account history. As others have mentioned it doesn't hurt to apply. I applied for hilton honors and was denied 3 months before I was approved. I checked prequal about 3 times a month and was prequalified when I applied second time. Getting rejected puts you on their radar and you'll be more likely to see a prequal when you do qualify. 

So just apply now. It won't affect your profile much at all. Only upside. 

[coldfusion]

I would hold off for now as even if you did get an approval there's a good chance it would be for a toy limit, and AMEX cards issued with toy limits are comparatively difficult to grow.

[Rex95]

I know this is several months old, so I'm not sure if you've applied. If you haven't, I'd suggest holding off on applying for any new cards until February or March next year. Your scores are no problem, as others have mentioned, but letting your accounts age and letting some inq fall off would help you. Not just for this Amex app, but future apps with other issuers, too.

[Yasselife]

@Anonymous  The BCE is one of the easiest, I know this because I applied on 2017 with two (4yrs old) collections and scores were around 660. Starting CL was $1k and I also had 2 new accounts in 4 months before applying.

  Your profile looks good but the amount of inquiries is what concerns me. I've read somewhere that having +7 in 12mo we start to get denials. I hope someone can chime in and correct me  if this is wrong.

[Anonymous]

Got approved for a Delta co branded card in May 2021 with EX8 of 650. Think what helped was my low utilization rate on my cards and income, I was lacking major history. 

[Remedios]

OP was approved 

https://ficoforums.myfico.com/t5/Credit-Card-Applications/American-Express-Gold-Card-Approval-Odds/m...