Scared to Apply for Amex! Help!!!

[Neno]

I would like to know how many points my score will drop if I apply for an AMEX. I think I will get approved. All bureaus are at about 720, and my income is six figures. Im just super nervous to apply. I initially wanted to go straight for the Platinum card however, Im not sure that I would get approved without having been a part of the Amex family. I've done the pre-approval on Amex's website a million times and it says I'd be approved for the Gold Premium Rewards and the Green Card. Should I put any faith in that ? What do you guys think? Help!!!

[Anonymous]

Hello and welcome to the forum! I don't think there is anything to be nervous about. Unless you've had any negatives on your report in the past or maybe with AMEX then I'd say that would be more reason to be cautious when applying for any of their cards. But I think you are good to go based on your Score and Income. Visit the AMEX site and see if you get a pre approval for any of their revolvers or charge cards which is what you were interested in. UW should be the same for all charge cards so if you want the Platinum, you can apply for it so as long as there are pre-approvals showing for any of their charge cards on the website. Good Luck and report back!

[sccredit]

Their preapprovals are normally solid.  If you want the Platinum app for that one.  

[pipeguy]

I don't think you'll have any issues getting a card given your scores and income, however, I would NOT go for the Platinum due to its high AF ($550?) and this is a pay in full card charge card not a credit card. As far as scores dropping due to 1 inquiry, I would not worry about that. 

[simplynoir]

As far as how much your scores will drop with an assumed approval it's hard to say without knowing how the rest of your credit profile looks like. For the Platinum card if you're getting pre-approvals for the gold/green cards pretty sure you're solid to get the Plat card since they have similar underwriting; just be aware the $550 AF will be charge on your first statement.

[BH1985]

I was afraid of a denial as well but I was approved with only a 675 Experian score. I also had 3 open medical collections accounts (2012, 2015, 2015) and an open collection account for a Capital One chargeoff (2011).

After an initial 7-10 day message, I called and was approved for the EveryDay card with a $4k limit. Later that day I applied for the Blue Cash ED because that’s the card I REALLY wanted and I was approved instantly for $4k on that one.

I don’t think you have any reason to fear with a 720 score.

[Anonymous]

Amex preapprovals are very solid. While the underwriting between all the charge cards are the supposedly the same, it was not the case for me. Luckily I went with the PRG since it gave a 50K SUB. I later applied for Platinum about a month later but was denied. Since your getting a HP on Experian anyway, you can also apply for one if there revolvers if you want and they will combine the pull. But only for one charge and one revolver. Once a customer you might get any of there other cards via SP like some of us have been getting. Just remember their rules.

2/5 two revolvers in 5 days
2/90 no more than 2 revolvers in 90 days
5 revolver max exposure
3X CLI In 61days
1 CLI every 6 months per account... not card
None of this applies for Charge Cards.

[Anonymous]

based on your profile, I think you will approved for Platinum. Go ahead.....

[BH1985]

I was approved for two revolvers in the same day on the same hard pull so I’m not sure where people are getting some of this information.

[MrDisco99]

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@BH1985 wrote:
I was approved for two revolvers in the same day on the same hard pull so I’m not sure where people are getting some of this information.

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Yes, recent data points suggest the one revolver rule no longer applies.