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Are Amex Pre quals solid? Should I apply for the gold?--------- UPDATE APPROVED

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Contributor

Are Amex Pre quals solid? Should I apply for the gold?--------- UPDATE APPROVED

Always wanted to get in with Amex. I was checking pre qual and it is showing me the Gold card with 35k points. Are these solid? I have started to rebuild my credit In March 2019, have a 90 day late from 8 months ago, opened 5 account In July and August. Should I jump on this offer or wait till the late ages to 1 year? AAoA recently hit 2 yr mark

Update: Applied both Amex Gold and Delta gold both were approved

Edit: since scores in siggy keep changing. EX Fico8 at time of approvals was 643
Scores before rebuild 01/20/2019 - EX@544 EQ@533 TU@532
Current Scores 3/25/2020 - EX@695(21) EQ@676(14) TU@733(18)
Amazon Store card - $3000; IKEA Projekt - $9600
Amex Gold - NPSL; Amex Delta Gold - $1000; Amex Hilton Honors - $1000; Barclays Apple Visa - $700; BMO CB Mastercard - $3800; BMO PR Mastercard - $3800; Capital One QS1 - $2600; Capital One QS1 - $750; Chase Marriott Bonvoy - $5000; Paypal CBMC - $5000; DuPage Inspire VS - $5000; BCU CashBack CC - $9000

Util - 8%
Message 1 of 14
13 REPLIES 13
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Valued Contributor

Re: Are Amex Pre quals solid? Should I apply for the gold?

Go for the card you want.

 

The pre-qual is typically pretty solid but, since they have 18 cards to offer and only show 3 of them it's a mix of marketing and pre-qual.  Of course they want people to take the $250 AF over a $0 AF card.

 

With your EX score at ~640 I would expect a good chance of approval but, the limit will likely be on the lower side if not a bortderline approval for $500-$1000.

500K+ TCL / 800+ FCOs
Message 2 of 14
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Moderator

Re: Are Amex Pre quals solid? Should I apply for the gold?

To echo what @Obscure-Expert  said, getting a card just to "get in" is really not a good idea especially when looking at a card with AF.

It seems that to a lot of people Amex math on Gold and Platinum works for 11 months and 30 days, then it does not. 

If you're trying to get in, get in with the right card. 

 

If they have a card you're interested in, and you're done your research, apply by all means. If you're going for gold because that's what they are offering, dont.

 

You have a very serious derog and a bunch of new accounts. Even if approved, Amex will utilize very short leash for sizeable period of time. 

I think it would be a lot better option for you to let what you have age, you'll be in a better place once they reach a year or even longer. 

That 90 day is going to be a deal breaker for a while. 

Message 3 of 14
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Contributor

Re: Are Amex Pre quals solid? Should I apply for the gold?

Well I have pulled the trigger on Amex gold and approved. Immediately applied for Delta Skymiles gold and was approved for $1k. I should have waited another 6 months for Delta. Only one HP though
Scores before rebuild 01/20/2019 - EX@544 EQ@533 TU@532
Current Scores 3/25/2020 - EX@695(21) EQ@676(14) TU@733(18)
Amazon Store card - $3000; IKEA Projekt - $9600
Amex Gold - NPSL; Amex Delta Gold - $1000; Amex Hilton Honors - $1000; Barclays Apple Visa - $700; BMO CB Mastercard - $3800; BMO PR Mastercard - $3800; Capital One QS1 - $2600; Capital One QS1 - $750; Chase Marriott Bonvoy - $5000; Paypal CBMC - $5000; DuPage Inspire VS - $5000; BCU CashBack CC - $9000

Util - 8%
Message 4 of 14
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Super Contributor

Re: Are Amex Pre quals solid? Should I apply for the gold?

Congrats x2 !



3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>05/2020 CCT EX 834 TU 848 EQ 844

I'd get it one piece at a time
And it wouldn't cost me a dime
You'll know it's me when I come through your town
I'm gonna ride around in style
I'm gonna drive everybody wild
'Cause I'll have the only one there is around.

- Johnny Cash One Piece At A Time
Message 5 of 14
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Senior Contributor

Re: Are Amex Pre quals solid? Should I apply for the gold?

Congrats on your Amex Gold and Delta Gold approvals! Smiley Very Happy

Currently: Gardening since 04/2020




Message 6 of 14
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Frequent Contributor

Re: Are Amex Pre quals solid? Should I apply for the gold?

Holy X2 Approval!!! Congrats!!! Didnt see that coming Smiley LOL

 

You may have even shellshocked the algos to give up the cookies when you went in a second time Smiley Very Happy

08/2019:
12/2019:

~ This is Chess... It ain't Checkers!!! ~


Message 7 of 14
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Member

Re: Are Amex Pre quals solid? Should I apply for the gold?

Big man status, congrats


Discover CB - $6.1K
Amazon Store - $5K
AMX CM - $4.9K
PayPal Extras - $5K
Apple Card $4K
Old Navy Visa - $3.9K
PayPal Credit - $3.5K
C1 QS Visa - $1K
Uber Visa - $500
Target REDcard - $500
TJMaxx - $300
Walmart Mastercard $500

2 Years of Credit so far

Goal Cards: US Bank Cash+, Maybe Wells Fargo Propel?, Chase Freedom (currently at lol/24)
Message 8 of 14
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Established Member

Re: Are Amex Pre quals solid? Should I apply for the gold?

Congrats!  I'm late to the conversation since you already got approved, but I can definitely stand by an AMEX pre-qual from my own experience.  I just happened to be checking pre-qual sites for kicks and pre-qual'd for an AMEX Gold.  I thought it was a mistake with my credit profile being what it is, but I app'd anyway.  I nearly hit the roof when I got approved Smiley LOL

Amex Gold NPSL || NFCU More Rewards Amex $10K || NFCU GoRewards $2400 || Discover It Chrome $2000 || Cap One QS $500 || Cap One QS1 $500 || NFCU Secured Visa $600 || Avant Card $ 750 || Amazon Store Card $700
Message 9 of 14
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Contributor

Re: Are Amex Pre quals solid? Should I apply for the gold?

I was just blank for a minute. I did not expect it. I hit submit and went to get a beer from the cooler(I read here that it's a good sign lol), when I came back I just stood there for like a minute seeing the approval. I was not prepared for the second card at all. I read about it being a single HP if lucky but was not prepared and somebody here said it had to be within 1 hr so I quickly searched through what co-branded cards were available and applied the most useful one for me and was shocked again to see the approval and no second HP.
Scores before rebuild 01/20/2019 - EX@544 EQ@533 TU@532
Current Scores 3/25/2020 - EX@695(21) EQ@676(14) TU@733(18)
Amazon Store card - $3000; IKEA Projekt - $9600
Amex Gold - NPSL; Amex Delta Gold - $1000; Amex Hilton Honors - $1000; Barclays Apple Visa - $700; BMO CB Mastercard - $3800; BMO PR Mastercard - $3800; Capital One QS1 - $2600; Capital One QS1 - $750; Chase Marriott Bonvoy - $5000; Paypal CBMC - $5000; DuPage Inspire VS - $5000; BCU CashBack CC - $9000

Util - 8%
Message 10 of 14
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