American Express Delta Cards

[CreditBob]

Here is my question. I know that American Express does not like a lot of hard inquiries when you apply. In my case I will be trying to become a new member. In my situation, I have 15 hard inquiries with Experian   that are due to auto loans. Two were for auto refinances & one was to trade in and purchase a new vehicle. Has anyone had any experience with this situation? What are my chances of being approved when the 15 inquiries are auto and not for credit cards?

[Trini88]

I got approved for my Amex with I believe 15 inquiries at the time. Many were auto and from cards I received. I did the preapproval first.

[SouthJamaica]

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@CreditBob wrote:

Here is my question. I know that American Express does not like a lot of hard inquiries when you apply. In my case I will be trying to become a new member. In my situation, I have 15 hard inquiries with Experian   that are due to auto loans. Two were for auto refinances & one was to trade in and purchase a new vehicle. Has anyone had any experience with this situation? What are my chances of being approved when the 15 inquiries are auto and not for credit cards?

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1. American Express is not particularly sensitive to inquiries.

2. When a person gets a bunch of inquiries within 2 weeks of each other for rate-shopping an auto loan, the whole group is aggregated into a single inquiry.

Bottom line: don't worry about it.

BTW this really belongs under "Credit Card Applications" rather than "Credit Cards" so you might want to ask the moderators to move it.

[coolandcalm]

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@CreditBob wrote:

Here is my question. I know that American Express does not like a lot of hard inquiries when you apply. In my case I will be trying to become a new member. In my situation, I have 15 hard inquiries with Experian   that are due to auto loans. Two were for auto refinances & one was to trade in and purchase a new vehicle. Has anyone had any experience with this situation? What are my chances of being approved when the 15 inquiries are auto and not for credit cards?

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Have you tried the "prequalify tool link".. they actually do a soft pull of your credit so they know what you've got going on

[cashorcharge]

Agreed on using their prequal tool if you're concerned.  Unlike some others, I don't recall seeing people using it to get preapproved but then not getting the card in the end...their preapprovals are solid

[coolandcalm]

Worked for me in January 2021 for 1st card.. again in January 2022 for 2nd card.. tried for 3rd card this month, and before continuing with an application, it told me I wouldn't qualify for the promotion offered so I cancelled. Most people have reported that applications after 1st card are soft pulls.

[OmarGB9]

Actually Amex isn't really inquiry sensitive at all. They care more about your EX score, income, and DTI.

[CreditBob]

Do you know what the minimum income & DTI is their cutoff between approval and being denied is?

[coolandcalm]

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@CreditBob wrote:

Do you know what the minimum income & DTI is their cutoff between approval and being denied is?

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I'm not sure you'd be able to easily find that information.. but the "prequalify" process asks for your income and takes a snapshot of your credit report.. so they know what your situation is before they offer you a "preapproval"

https://card.americanexpress.com/d/pre-qualified-offers/?utm_mcid=3569615&utm_source=bing&utm_medium... AMEX Preapproval link 

[OmarGB9]

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@CreditBob wrote:

Do you know what the minimum income & DTI is their cutoff between approval and being denied is?

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No one could ever tell you that for sure. You can try running the prequal as suggested, or just roll the dice and go for it and apply. Even with/without a prequal, approval isn't guaranteed.