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Amex Cash Magnet Approval!!

iamdetermined
Frequent Contributor

Amex Cash Magnet Approval!!

Hi everyone!

I haven't applied for any credit cards in a year. I've been paying down and creating (small) manageable debt lol. Still haven't accomplished AZEO but will soon.

I've been eyeing the Amex Cash Magnet since it came out and had prequal but wasn't ready to go for it yet.

Recently I haven't had a solid apr in the pre-quals. I decided "now or never." Since I'm already an Amex cardholder they only asked for annual income. I closed my eyes and pulled the trigger....

BOOM!! $10,000!!! Coming from Amex, this is INCREDIBLE!! My Amex ED was $1K when I got it 1 yr and 7 months ago!! Smiley Happy

I'm on my cell phone, and can't load the screenshot, but I'll try in the near future.

•EX score: 718
•11/19 scores: TU 713 - EX 703 - EQ 693
•16-18 Inq's (credit cards, mortgage, car, apt rental)
•AAOA 6 yrs 2 months
•Too many student loans

I'm interested in the Citi Double Cash but not getting a pre-qual. I want to cold app and head back to the garden. Hmm...anyone wanna give me a nudge Smiley Wink lol!

Happy holidays!



**PERSISTENCE & PATIENCE** NFCU Amex $25K || NFCU GoRewards $24K || Macy's $20K || Amex Cash Magnet $10K || CO QuickSilver $8750 || PayPal MC $6K || Amex ED $5500 || USAA Pref. Cash Rewards $2.5K || HHFCU Plat. CC $2K || Victoria's Secret $3500 || Discover IT CB $3100 || Zales $2500 *TOTAL* $112,850.00

NLOC $6K
US Alliance Sig. LOC $2K

OVERALL: $120,850.00

FICO 8 - 4/25/17: EQ 648 - EX 654 - TU 632
FICO 8 - 8/27/18: EQ 684 - EX 696 - TU 713

Student Loans: ALOT!!
Message 1 of 20
19 REPLIES 19
VoltronM
Senior Contributor

Re: Amex Cash Magnet Approval!!

Congrats on your approval and monster SL !!!!!

Welcome to AMex family

 

 

 

8-2019 / Fico 8 EX 8013 , EQ 8016 , TR 810
Amex ED 22k , CSP 17k , Discover iT 12.5k , Fifth Third Bank S2C 12k , BofA Cash Rewards 10k , Avianca Vida 10k , State Farm Good Neighbor Visa 10k , Citi DD 6k , Union Bank Rewards 5k
Message 2 of 20
Priory_Man
Established Contributor

Re: Amex Cash Magnet Approval!!


@iamdetermined wrote:

I'm interested in the Citi Double Cash but not getting a pre-qual. I want to cold app and head back to the garden. Hmm...anyone wanna give me a nudge Smiley Wink lol!

Happy holidays!

Congrats on the new card, a uselful one to have in the wallet.
If you plan on going back into the garden anyway, why not take that Citi Double cash with you......  Smiley Wink Smiley Very Happy


 






~~ Former Royal Navy Submariner - Proud to have served ~~
Message 3 of 20
Cred4All
Valued Contributor

Re: Amex Cash Magnet Approval!!

Great SL, congrats on snagging the Cash Magnet!


Message 4 of 20
AverageJoesCredit
Mega Contributor

Re: Amex Cash Magnet Approval!!

Outstanding approval! Go get your DCSmiley Happy
Message 5 of 20
n_la
Frequent Contributor

Re: Amex Cash Magnet Approval!!

Congratulations! Welcome to the AMEX Fam 👏🏾

Personally, I would NOT cold app for the Citi DC. Citi is random, and to be frank with you, the cards seem a little redundant. It's a .5% difference between the DC and the Magnet. Unless, of course, a relationship with Citi is what you desire in your heart. And IF so, wait for a pre-qual!

If a 2% card is what you truly desire, I would app for the Synchrony PayPal 2%. Easier requirements, and can easily be turned into a 3% card by adding a PayPal Business Debit Card.

**Disclaimer** I'm a little bias 😂

06.2019

03.2018

NFCU CLOC: $15,000
Message 6 of 20
iamdetermined
Frequent Contributor

Re: Amex Cash Magnet Approval!!

Thanks Voltron!! I've actually been in for over a year (with the ED card) lol but it started with a low limit.
**PERSISTENCE & PATIENCE** NFCU Amex $25K || NFCU GoRewards $24K || Macy's $20K || Amex Cash Magnet $10K || CO QuickSilver $8750 || PayPal MC $6K || Amex ED $5500 || USAA Pref. Cash Rewards $2.5K || HHFCU Plat. CC $2K || Victoria's Secret $3500 || Discover IT CB $3100 || Zales $2500 *TOTAL* $112,850.00

NLOC $6K
US Alliance Sig. LOC $2K

OVERALL: $120,850.00

FICO 8 - 4/25/17: EQ 648 - EX 654 - TU 632
FICO 8 - 8/27/18: EQ 684 - EX 696 - TU 713

Student Loans: ALOT!!
Message 7 of 20
iamdetermined
Frequent Contributor

Re: Amex Cash Magnet Approval!!

Thanks gisboro69! Smiley Happy I'm tempted to go for it. I'll keep you posted 😉
**PERSISTENCE & PATIENCE** NFCU Amex $25K || NFCU GoRewards $24K || Macy's $20K || Amex Cash Magnet $10K || CO QuickSilver $8750 || PayPal MC $6K || Amex ED $5500 || USAA Pref. Cash Rewards $2.5K || HHFCU Plat. CC $2K || Victoria's Secret $3500 || Discover IT CB $3100 || Zales $2500 *TOTAL* $112,850.00

NLOC $6K
US Alliance Sig. LOC $2K

OVERALL: $120,850.00

FICO 8 - 4/25/17: EQ 648 - EX 654 - TU 632
FICO 8 - 8/27/18: EQ 684 - EX 696 - TU 713

Student Loans: ALOT!!
Message 8 of 20
iamdetermined
Frequent Contributor

Re: Amex Cash Magnet Approval!!

Thx much Cred4All! Smiley Happy
**PERSISTENCE & PATIENCE** NFCU Amex $25K || NFCU GoRewards $24K || Macy's $20K || Amex Cash Magnet $10K || CO QuickSilver $8750 || PayPal MC $6K || Amex ED $5500 || USAA Pref. Cash Rewards $2.5K || HHFCU Plat. CC $2K || Victoria's Secret $3500 || Discover IT CB $3100 || Zales $2500 *TOTAL* $112,850.00

NLOC $6K
US Alliance Sig. LOC $2K

OVERALL: $120,850.00

FICO 8 - 4/25/17: EQ 648 - EX 654 - TU 632
FICO 8 - 8/27/18: EQ 684 - EX 696 - TU 713

Student Loans: ALOT!!
Message 9 of 20
iamdetermined
Frequent Contributor

Re: Amex Cash Magnet Approval!!

Thank you!! Today may be the day. Keep you posted Smiley Wink
**PERSISTENCE & PATIENCE** NFCU Amex $25K || NFCU GoRewards $24K || Macy's $20K || Amex Cash Magnet $10K || CO QuickSilver $8750 || PayPal MC $6K || Amex ED $5500 || USAA Pref. Cash Rewards $2.5K || HHFCU Plat. CC $2K || Victoria's Secret $3500 || Discover IT CB $3100 || Zales $2500 *TOTAL* $112,850.00

NLOC $6K
US Alliance Sig. LOC $2K

OVERALL: $120,850.00

FICO 8 - 4/25/17: EQ 648 - EX 654 - TU 632
FICO 8 - 8/27/18: EQ 684 - EX 696 - TU 713

Student Loans: ALOT!!
Message 10 of 20
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