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Approved For American Express Cash Magnet After Pre-Approval

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Approved For American Express Cash Magnet After Pre-Approval

I am overjoyed and estatic that I was approved for the American Express Cash Magnet card after receiving a pre-approval letter in the mail. Just a heads up, they pull from Experian! I was approved with a welcome bonus of $200 after spending $1000 in the first three months and my APR is 19.24%. My Fico scores at the time were Experian 713 Transunion 730 and Equifax 745. My average age of accounts were 3.5 years with only two inquiries across all three bureaus. My reported annual income is $36,000 but I am a student without any students loans. Overall credit utilization is 28%. My starting credit limit is only $2000 but I know it will grow overtime if I use the card responsibly. I hope this helped someone thinking about applying.

10 REPLIES 10
Regular Contributor

Re: Approved For American Express Cash Magnet After Pre-Approval

Congrats big time!! Hey! Don't ever say 'just' when it comes to approval and limits in my opinion, any amount is a huge deal !! use it wisely and happy healthy credit! Smiley Happy


Message 2 of 11
Senior Contributor

Re: Approved For American Express Cash Magnet After Pre-Approval

Congratulations on your approval!

Starting Scores FICO 8 (Feb '18):
EX- 519, TU- 530, EQ- 545

Current Scores



Message 3 of 11
Valued Contributor

Re: Approved For American Express Cash Magnet After Pre-Approval


@LanaNM wrote:

... I am a student without any students loans ...


Look, a unicorn! 

 

Congratulations, Lana, on an excellent approval. Thank you for adding all the useful DPs. 

Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677
Current Score (11/11/2019): FICO 08 EXP: 747; TU: 749; EQ: 747
2019 Goal Score: 800 across the board


Take the myFICO Fitness Challenge
Message 4 of 11
Frequent Contributor

Re: Approved For American Express Cash Magnet After Pre-Approval

Congratulations mate welcome to the Magnet club, enjoySmiley LOLHeartCongratulations_misti.gif

 


Message 5 of 11
Regular Contributor

Re: Approved For American Express Cash Magnet After Pre-Approval

Congratulations on the approval! AMEX is pretty good with CLI, as you noted, it will grow if used responsibly!

 

 

Scores as of 8/5/2019



Planning to garden until February 2020 (started Jul 25 2019)
Message 6 of 11
New Contributor

Re: Approved For American Express Cash Magnet After Pre-Approval

Welcome The The Amex Family ... Beautiful looking card!

It will grow with time.Smiley Happy

 

and by the way..."Welcome To The Forum"

 

Message 7 of 11
Valued Contributor

Re: Approved For American Express Cash Magnet After Pre-Approval

Congrats on the approval!



Message 8 of 11
Community Leader
Super Contributor

Re: Approved For American Express Cash Magnet After Pre-Approval

Nice jobSmiley Happy Enjoy your Amex!
#ChaseCreditCardHobby Enthusiast
2022
!
Message 9 of 11
Senior Contributor

Re: Approved For American Express Cash Magnet After Pre-Approval

COngrats on your approval !!!

 

 

 

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 10 of 11
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