How accurate is AMEX Pre-Qualify?

[Anonymous]

The Amex Pre-Qualify is pretty accurate based on personal experience and the experience of others I've seen here on the forums. I was prequalified for the Blue Cash Everyday back in August and was approved. However, nothing is guaranteed. I would try to get your utilization lower than 60% first before apping. From what I've seen with Amex, they don't like to see high utilization. Best of luck!

[BlueMystic]

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@Pikaboo-icu wrote:

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Why? I've never heard of that before... 

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AmEx has some interesting internal algorithms that they use to rate risk and to build customer management scores. Those algorithms look at your spending patterns, and a subset of those inputs includes the categories and types of merchants you frequent.

An extreme illustration (exaggerated to make a point) - no one should expect a Centurion invite, even at the $500k+ spending level, if all of their spending is at Dollar Tree and Wal-Mart.