Should I apply for AMEX?

[Anonymous]

Hello all

Was wondering about apping for the AMEX PRG. I have been wanting my own AMEX for a while now. I have been denied about 5 times in the past year and most recently last month for Too many new accounts opened,too many INQs and 1 CO. My score then was 661.

I am a AU on my wifes three AMEXS. 

My experian just updated today with a 665 and  5% UTI. 

I have gotten severel new accounts in past 3 months. Around 6 or 7. Large limits. Marriott @ 5K Hyatt @ 5K and Discover @ 5.5K 

My question is should I apply now or later? And if how long later? Also do you guys thing my score will pass for the PRG? If I do get approved i will want to app for the EDP to max the MR system. 

Any replys would be awesome! 

Thanks

[Anonymous]

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@Anonymous wrote:

Hello all

Was wondering about apping for the AMEX PRG. I have been wanting my own AMEX for a while now. I have been denied about 5 times in the past year and most recently last month for Too many new accounts opened,too many INQs and 1 CO. My score then was 661.

I am a AU on my wifes three AMEXS. 

My experian just updated today with a 665 and  5% UTI. 

@I have gotten severel new accounts in past 3 months. Around 6 or 7. Large limits. Marriott @ 5K Hyatt @ 5K and Discover @ 5.5K 

My question is should I apply now or later? And if how long later? Also do you guys thing my score will pass for the PRG? If I do get approved i will want to app for the EDP to max the MR system. 

Any replys would be awesome! 

Thanks

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Welcome to the forums

Unless something in your credit report has changed significantly since you were denied a month ago (and from what you wrote it hasn't) then I woud wait until  at least 3 months from your last attempt to try again.

[renclan]

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@Anonymous wrote:

Hello all

Was wondering about apping for the AMEX PRG. I have been wanting my own AMEX for a while now. I have been denied about 5 times in the past year and most recently last month for Too many new accounts opened,too many INQs and 1 CO. My score then was 661.

I am a AU on my wifes three AMEXS. 

My experian just updated today with a 665 and  5% UTI. 

@I have gotten severel new accounts in past 3 months. Around 6 or 7. Large limits. Marriott @ 5K Hyatt @ 5K and Discover @ 5.5K 

My question is should I apply now or later? And if how long later? Also do you guys thing my score will pass for the PRG? If I do get approved i will want to app for the EDP to max the MR system. 

Any replys would be awesome! 

Thanks

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Honestly, I would wait for at least 3-6 months. Even if you were to get approved now, I think the limit would be lower because of the other factors you listed above. I think all of the new accounts need to age a bit first. As for approval with that score, I am not sure. Good luck!

[creditguy]

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@Anonymous wrote:

Hello all

Was wondering about apping for the AMEX PRG. I have been wanting my own AMEX for a while now. I have been denied about 5 times in the past year and most recently last month for Too many new accounts opened,too many INQs and 1 CO. My score then was 661.

I am a AU on my wifes three AMEXS. 

My experian just updated today with a 665 and  5% UTI. 

@I have gotten severel new accounts in past 3 months. Around 6 or 7. Large limits. Marriott @ 5K Hyatt @ 5K and Discover @ 5.5K 

My question is should I apply now or later? And if how long later? Also do you guys thing my score will pass for the PRG? If I do get approved i will want to app for the EDP to max the MR system. 

Any replys would be awesome! 

Thanks

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I would address the issues they denied you for and in this case only time and patience will help. You need some age and they are trying to tell you that, in the meantime you are wasting HP's on futile effort. Just let your accounts age to at least a year and cool it on the inquiries, Focus your attention on the CO as well if possible. That PRG will always be there waiting when your ready. 

[SouthJamaica]

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@Anonymous wrote:

Hello all

Was wondering about apping for the AMEX PRG. I have been wanting my own AMEX for a while now. I have been denied about 5 times in the past year and most recently last month for Too many new accounts opened,too many INQs and 1 CO. My score then was 661.

I am a AU on my wifes three AMEXS. 

My experian just updated today with a 665 and  5% UTI. 

@I have gotten severel new accounts in past 3 months. Around 6 or 7. Large limits. Marriott @ 5K Hyatt @ 5K and Discover @ 5.5K 

My question is should I apply now or later? And if how long later? Also do you guys thing my score will pass for the PRG? If I do get approved i will want to app for the EDP to max the MR system. 

Any replys would be awesome! 

Thanks

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Later. 6 months to a year later. You need to let your accounts age at this point.