I have been checking the Amex site almost daily to see if I could be pre-qualified. This morning I got a credit score update and so I decided to check for a prequalification. Well, I was prequalified for the Delta Gold Amex. I have never had an Amex and I haven't been able to get bouns points/miles. I travel often and will do so even more once I look for another promotion. How does Amex prequalifications work...should I take the bait? I know once you have at least one that the others are just a soft pull. I need an Amex for work soon. I don't want my career to be put on hold because I can't qualify for an Amex corporate card. (There has been many people unable to qualify for the Amex corporate card at my company.)
I currently have several Comenity bank store cards that I got 4-5 years ago, 3 Capital One cards, and Discover IT. My inquiries are low but I still have 2 unpaid COs (making payments), several paid COs, and 1 collection. A lot of these will fall off within the next 8 months.
Any help is appreciated...current scores are in my Siggy. EDIT: SCORES ARE:
@Harmony12 Your screenshot cut off the part where it says "Congrats Mrs SoAndSo, you're Prequalified/Preapproved.."
Did you get that on the top of the web page?
Yes, it has my name and says "You are successfully Pre-Qualified for the following Card offers, exclusively available on americanexpress.com."
My opinion is that you should wait. Your EX score is on a low(ish) side and if approved, you're looking at low SL.
If you need card for work, but SL is not sufficient for what you're trying to purchase, it wont do you much good.
Does your employer care if you use Amex or would any lender do? Also, how soon do you think one will become absolute necessity for you work wise?
It has to be Amex for sure. We get Amex corporate cards given to us if we are approved. My thoughts are if I get the Delta Gold Skymiles I will have a better chance at being approved the Amex corporate card when within a few months. What kind of SL do you think I would get? Also, what is a good EX score for decent SL?
Corp card doesn't affect yoru personal chances. There's a few round about threads detailing the process using the Corp card to geta personal card but, not the other way around. For your Score though even a 700 EX is iffy right now. The Initial CL isn't completely based on your CS but more importantly the whole picture that Amex can put together based on your CR and info you provide while applying.
So is this a guaranteed preapproval?
I'm still looking for some DPs on here. I know I read a thread with someone that had scores similar to mine and was also approved.
Go hit apply on the Delta then and take a screen shot with the info provided. If there's a specific APR listed then your chances are better. Personally though... I never got a pre-app for 10+ years from them and just apped for BCE and got a 10K approval out of them.
I'm telling you though from what I've seen recently within the past couple of weeks.... your chances appear to be slim.