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AMEX Plat PreApproval

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Valued Member

AMEX Plat PreApproval

I just did my weekly check for preapprovals, and low and behold I am preapproved for the Platinum?! 

 

Do do I pull the trigger and apply?


Message 1 of 13
12 REPLIES 12
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Valued Contributor

Re: AMEX Plat PreApproval

well, only you can do your own math.

 

here is the calculator https://www.thepointcalculator.com/Bank/MembershipRewardPoints/AMEX-Platinum-Card-Point-Calculator

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Message 2 of 13
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Community Leader
Super Contributor

Re: AMEX Plat PreApproval

It depends on if the platinum will meet your needs for the $550 AF?


DEC 2019: EX 816, TU 820, EQ 810
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $40.5K || NFCU CashRewards $30K || Discover IT $24.7K || Macy's $20K || NFCU CLOC $15K || CitiCostco $12.7K || NFCU Platinum $12.5K || Apple Card $6.5K ||
Message 3 of 13
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Valued Contributor

Re: AMEX Plat PreApproval

Don't get it because you are flattered by the preapproval. Get it if it will save you more per year than it will cost you, or if the perks are worth more than the dollar cost to you. Personally, I don't travel that much (and when I do, expenses mostly go on the company Amex), so I would not get it.


No derogs, but tons of inquiries and heavy credit-seeking behavior. 18/24, if I am counting the correct stuff. In March of 2019, I had no open accounts, a charge-off, two collections, and scores in the low 500s. What I call the "thick build method" worked for me, but may not work for every situation.
Cards

Authorized user / Corporate / Auto loan / Personal loan

Card CLs total $92,700, not counting the AU card. The AU card brings the total to $117,700. In March 2019, card CLs totaled $0.

Closed but still on reports: ExxonMobil, $950, 10/08-02/11 (Equifax only) | American Express Delta Gold, $1,000, 09/19-10/20 | Citi secured, $200, 04/19-09/19 | Capital One secured, $300, 04/19-08/19 | My Jewelers Club, $5,000, 05/19-08/19 | Green Dot Primor, $300, 05/19-08/19 | Self Lender secured $500 loan, 04/19-01/20 | Unsecured personal loan from Coastal, $1,000, 06/19-08/19.
Message 4 of 13
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Senior Contributor

Re: AMEX Plat PreApproval

Will you  be able to take advantage of the travel perks? If you travel a lot, its a great card. Otherwise, it is a $550 AF card that gives you 1 MR on everything besides plane ticket and hotel through Amex travel.

 

How much is your pre-approval offer for, 60k, 75k, or 100k MR points for $5k spend? Make sure to get at least 75k MR points. Smiley Very Happy 




Message 5 of 13
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Valued Member

Re: AMEX Plat PreApproval

I am starting to budget for heavy travel over the next couple of years, so for me, the AF is justified based on wanting to use it as a travel card. I am more so asking because I don’t know what the approval rates are when they preapprove you when you have an existing relationship.


Message 6 of 13
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Valued Member

Re: AMEX Plat PreApproval


@Steve891 wrote:

Will you  be able to take advantage of the travel perks? If you travel a lot, its a great card. Otherwise, it is a $550 AF card that gives you 1 MR on everything besides plane ticket and hotel through Amex travel.

 

How much is your pre-approval offer for, 60k, 75k, or 100k MR points for $5k spend? Make sure to get at least 75k MR points. Smiley Very Happy 


Oh the offer is for 60k?! Hm.


Message 7 of 13
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Senior Contributor

Re: AMEX Plat PreApproval


@counticecream wrote:

@Steve891 wrote:

Will you  be able to take advantage of the travel perks? If you travel a lot, its a great card. Otherwise, it is a $550 AF card that gives you 1 MR on everything besides plane ticket and hotel through Amex travel.

 

How much is your pre-approval offer for, 60k, 75k, or 100k MR points for $5k spend? Make sure to get at least 75k MR points. Smiley Very Happy 


Oh the offer is for 60k?! Hm.


Go to Cardmatch.com to see if you get a 100k offer. If not, the 75k offer is easily available through incognito mode.




Message 8 of 13
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Valued Member

Re: AMEX Plat PreApproval


@Steve891 wrote:

@counticecream wrote:

@Steve891 wrote:

Will you  be able to take advantage of the travel perks? If you travel a lot, its a great card. Otherwise, it is a $550 AF card that gives you 1 MR on everything besides plane ticket and hotel through Amex travel.

 

How much is your pre-approval offer for, 60k, 75k, or 100k MR points for $5k spend? Make sure to get at least 75k MR points. Smiley Very Happy 


Oh the offer is for 60k?! Hm.


Go to Cardmatch.com to see if you get a 100k offer. If not, the 75k offer is easily available through incognito mode.


Even with incognito mode, I’m still getting the 60k. 


Message 9 of 13
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Senior Contributor

Re: AMEX Plat PreApproval

I am using Chrome incognito mode. Works everytime for the 75k.

Go to Americanexpress.com, then right click on the "Personal Cards" then open link in incognito mode.

 

Amex Platinum.jpg




Message 10 of 13
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