Amer Express CC w/660 Experian Score - Help!!

[tiff]

I want to apply for an american express credit card but need the following questions answer...please help!

What credit report is pulled?  I have a 660 w/experian and 619/equifax

What type of rate and limit can I expect with the 660 score?

What american express card is better?

THanks guys!

[Anonymous]

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tiff wrote:

I want to apply for an american express credit card but need the following questions answer...please help!

What credit report is pulled?  I have a 660 w/experian and 619/equifax

What type of rate and limit can I expect with the 660 score?

What american express card is better?

THanks guys!

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1) Amex pulls EX.  Your 660 on EX should be sufficient (from perspective of score alone) to get Amex Gold Delta Skymiles (credit card) or Green Preferred Rewards (charge card).  Much more important than score, though, is how clean your EX report is.  Any baddies?  How old?  Utilization?  New accounts?  Ever had a relationship with Amex in the past go bad?

2) Credit limit is determined much more by your income and existing limits than it is by scores.  It's really not possible to answer this question with the information you've provided.

3) The "better" Amex cards are not the ones you can get with EX 660.  One step at a time.  Gold Delta Skymiles is your most likely approval if you want an Amex credit card.

(Having said that, I love my Gold Delta Skymiles card.)

Message Edited by cheddar on 05-28-2008 06:56 AM

[llecs]

You never know with them. I was denied in January with 670 on EX. But did have a 2 yo CO and a 5yo CA. Was denied due to that and also for new credit (7 new accounts since August up to that point).

[tiff]

Cheddar wrote:

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Amex pulls EX.  Your 660 on EX should be sufficient (from perspective of score alone) to get Amex Gold Delta Skymiles (credit card) or Green Preferred Rewards (charge card).  Much more important than score, though, is how clean your EX report is.  Any baddies?  How old?  Utilization?  New accounts?  Ever had a relationship with Amex in the past go bad?

2) Credit limit is determined much more by your income and existing limits than it is by scores.  It's really not possible to answer this question with the information you've provided.

3) The "better" Amex cards are not the ones you can get with EX 660.  One step at a time.  Gold Delta Skymiles is your most likely approval if you want an Amex credit card.

(Having said that, I love my Gold Delta Skymiles card.)

Currently my utilization is:51% I'm awaiting an update to a cc.  Util should decrease to 19%

No new accounts since February - car purchase -10,000

No collection accounts.

No relationship with american express in the past

----Baddies

  - late mortgage payment 6 months ago.  Have been current for 6 months.

  - late student loan that happened in 9/2006.  Working on a goodwill for this. 

  - car loan -1st date of delinquency - 9/2003 - this was paid in 8/2006.

I make 80,000 a year and debt ratio is low.  Should I wait until my score reaches 700?

[Anonymous]

Wait until the new UTL reports- this could push you right up to 70

GW that mortgage late-

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tiff wrote:

Cheddar wrote:

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Amex pulls EX.  Your 660 on EX should be sufficient (from perspective of score alone) to get Amex Gold Delta Skymiles (credit card) or Green Preferred Rewards (charge card).  Much more important than score, though, is how clean your EX report is.  Any baddies?  How old?  Utilization?  New accounts?  Ever had a relationship with Amex in the past go bad?

2) Credit limit is determined much more by your income and existing limits than it is by scores.  It's really not possible to answer this question with the information you've provided.

3) The "better" Amex cards are not the ones you can get with EX 660.  One step at a time.  Gold Delta Skymiles is your most likely approval if you want an Amex credit card.

(Having said that, I love my Gold Delta Skymiles card.)

Currently my utilization is:51% I'm awaiting an update to a cc.  Util should decrease to 19%

No new accounts since February - car purchase -10,000

No collection accounts.

No relationship with american express in the past

----Baddies

  - late mortgage payment 6 months ago.  Have been current for 6 months.

  - late student loan that happened in 9/2006.  Working on a goodwill for this. 

  - car loan -1st date of delinquency - 9/2003 - this was paid in 8/2006.

I make 80,000 a year and debt ratio is low.  Should I wait until my score reaches 700?

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Message Edited by Timothy on 05-28-2008 08:01 AM

[tiff]

I sure will.  Thanks for the advice!

[Anonymous]

In August 2007 with a 645 score I applied and received Delta Blue with a $1500 CL automatically, which I had bumped up to $3k at activation. I have since had it bumped to $5k and they even gave me a Gold Rewards 2 weeks ago. I have run $14k across the Blue and PIF monthly since receiving it and at this point, I think they would give me whatever I want. Of course, all of this is with the caveat that I make six figures.

Message Edited by texican on 05-29-2008 08:22 AM