AMEX CASH MAGNET IS IT HARD TO Get??

[The-Credit-Disciple]

Great evening Fico Fam 

1. Is the Amex Cash Magnet Hard to get?

2. Im Already an Amex Member with the BCE, will that help?

3. What's your experience with the Cash Magnet?

4. Is it a Soft pull if i am already a member if I decide to app?

Updated Fico Scores are: Trans 709  Equifax 706, Exp 660

Thanks Fico Fam for your replies

[Felony_Phil]

Your EX score needs to come up. I would also recommend not applying until at least your 6 month mark with Amex.

Juss sayin

[Anonymous]

Hello, I just applied this morning and got $2K limit. My score was 712 at the time. I'm only about 35K a year, so I thought it was easy. This is my 4th card this year. Sorry I can't help with the other questions. But I hope it helped some. 

[The-Credit-Disciple]

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@Felony_Phil wrote:
Your EX score needs to come up. I would also recommend not applying until at least your 6 month mark with Amex.

Juss sayin

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had the BCE for 9 months currently

[The-Credit-Disciple]

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@Anonymous wrote:

Hello, I just applied this morning and got $2K limit. My score was 712 at the time. I'm only about 35K a year, so I thought it was easy. This is my 4th card this year. Sorry I can't help with the other questions. But I hope it helped some. 

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Thats "Fantastic" Congrats on the approval enjoy 

[Jnbmom]

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@The-Credit-Disciple wrote:

Great evening Fico Fam 

1. Is the Amex Cash Magnet Hard to get?

2. Im Already an Amex Member with the BCE, will that help?

3. What's your experience with the Cash Magnet?

4. Is it a Soft pull if i am already a member if I decide to app?

Updated Fico Scores are: Trans 709  Equifax 706, Exp 660

Thanks Fico Fam for your replies

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If you are already a member you can see what cards you prequalify for on your online account, if it invites you to expand your membership you are not pre approved, if it says you are preapproved then you are good to go usually. It will be a SP. What is your limit on your BCE? You could always wait a little bit until you have had the card for awhile.

[Anonymous]

I never had a relationship with AmEx.  Instantly approved for the Magnet card for $20k.  I'm not a big spender on CCs so it will be interesting to see if they CLD me.  My high limit cards were/are Synchrony and Comenity who were giving away credit like candy at Halloween.

[Medic981]

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@Anonymous wrote:

Hello, I just applied this morning and got $2K limit. My score was 712 at the time. I'm only about 35K a year, so I thought it was easy. This is my 4th card this year. Sorry I can't help with the other questions. But I hope it helped some. 

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Welcome to the myFICO forums!

[The-Credit-Disciple]

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@Jnbmom wrote:

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@The-Credit-Disciple wrote:

Great evening Fico Fam 

1. Is the Amex Cash Magnet Hard to get?

2. Im Already an Amex Member with the BCE, will that help?

3. What's your experience with the Cash Magnet?

4. Is it a Soft pull if i am already a member if I decide to app?

Updated Fico Scores are: Trans 709  Equifax 706, Exp 660

Thanks Fico Fam for your replies

---

If you are already a member you can see what cards you prequalify for on your online account, if it invites you to expand your membership you are not pre approved, if it says you are preapproved then you are good to go usually. It will be a SP. What is your limit on your BCE? You could always wait a little bit until you have had the card for awhile.

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Limit on the BCE is $1000, I had for like 9 months

[Anonymous]

Congrats on the "Approval"