Pre-Qualified For Amex, Approval Odds?

[Anonymous]

Greetings!

In the past months Amex has sent me pre-approval letters. This is before finding this site and getting some knoweldge. The letters stopped in Sept of this year but I went on to their site and did the pre-qual and it did show : 

 - ED CC 15k membership rewards points for $1k spent within 90 days

- BC ED Card  $150 back after spending $1k within 90 days

- PRGC - 50k membership rewards points spending $1k within 90 days

I have checked my Fico8 is at 687 as of today, 4 inquiries across the different major 3 CB. Not sure about my chances with these cards. I am not the type of person that spend thousands monthly on a cc either so im trying to be wise with my usage.

Cheers!

[JSS3]

Amex pre-equals are solid.

(As long as there aren't any negatives)

[Anonymous]

58% UTI ( mostly on AU card ), 1 late pay 30 days within 2 years. Those could potentially be considered negative.

[Adkins]

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@BigDerpa wrote:

58% UTI ( mostly on AU card ), 1 late pay 30 days within 2 years. Those could potentially be considered negative.

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I suggest getting your utilization to under 28% (at a minimum) before applying. Under 9% would be better. 

[Anonymous]

Agreed with the above. 

IMO, no one should ever apply for any CC if their current aggregate utilization is above 28%. 

[Anonymous]

I wasn't planning on pulling the trigger until at least reaching 30% UTL. But was curious about this offer and the fact I am not seeing any other offers from any finanical insitutions with the exception of refiancing my mortgage. I did call the opt-in line and opted in but that was over a month ago. Anyway like i said it was something I was curious about. Appreciate the help!

[Adkins]

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@BigDerpa wrote:

I wasn't planning on pulling the trigger until at least reaching 30% UTL. But was curious about this offer and the fact I am not seeing any other offers from any finanical insitutions with the exception of refiancing my mortgage. I did call the opt-in line and opted in but that was over a month ago. Anyway like i said it was something I was curious about. Appreciate the help!

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Even opted in, FYI, some people never get prequals on lender's websites. 

[Anonymous]

UPDATE : 

Since posting this I have gotten the 1 late pay removed via a goodwill jesture letter. Increased CL on Lowes from 2k - 17k . BofA cards increased by 5500. And have corrected inaccuracies with my address on Ex and TU. Utlization is down to 40% from close to 60% when i started on Dec 12th 2017. Also found that Ex and TU had me opted out of offers so fixed that too.

My Scores per credittotalcheck 

Eq 704

Tu 698

Ex 684

 * this all happened today so im going to check scores again next week.

Were getting there. Amex preaulified offers on the site are the same no changes. Although CK has be "Very Good " and " excellent odds" of approval Its tempting to not apply right now but I dont wanna get caught up on a denail for that 40% Utl.