Amex Approval- Should I apply for Premier Rewards Gold?

[Anonymous]

Based on FICO report:

EQ is 605

TU is 630

EX is 619.

[sjt]

i would go for it. Since you now have a Amex Card and future applications are a SP unless you get approved. So there is no risk of a HP.

[Anonymous]

Im very tempted. I just cannot get a straight answer on whether you should apply within 30 days of opening a new amex account. It doesn't seem like that would matter?

[Meanmchine]

If there is a 30 day rule it wouldnt cost you anything to try as they wouldnt pull your report It would be an instant no pull denial

[Anonymous]

No such rule. Only rule is if your app is within 5 days of another it will usually go straight to pending but not always. However, I would wait it out if I were you, your scores are low for PRG with the derogs. Just because you were approved for one Amex product doesn't mean you will be approved for another. Although it's widely noted that Amex charge cards have lower underwriting standards for approvals than Amex revolvers, the Delta gold seems to have the lowest standards due to it being co-branded. I was once denied for PRG with 719 FICO 08 EX, perfect payment history, no derogs just a thin file. But as always YMMV every profile is different. Congrats on your approval and good luck to you. Please let us know if you decide to go for it or garden for a bit and raise your scores.

[austinguy907]

First off Congrats on the approval and joining the family!  

As for adding another Amex line right now?   I wouldn't poke the bear as you have a borderline approval at $1K already on Delta

Plan of action:

Wait for the AU to drop

3X CLI on Amex @ 61 days if possible (may not work if derogatories are on report and keep scores low)

181 day 3X attempt

While working on Amex start scrubbing your reports on the collections and see if you can GW the lates off

This usually doesn't work on the first attempt and may take several attempts unless you can get a PFD (pay for delete) on them

Work on your existing cards from a CLI standpoint instead of apping for something new

Don't abuse the Synchrony card with a bunch of tires nor apply for more of them like Wal-Mart / Sam's / Etc.  Just give CS a call @ 877-379-8173 and ask for $10K and they will counter back with a reasonable amount based on your TU score.

I would go ahead and combine the Cap1 accounts into the QS1 

Other than that if you follow these things in 1 Year you should see some pretty nice results.  Whomever owns the Cap1 AU account.... make sure they keep the UTIL under 10% while you're an AU for maximum points.

[Anonymous]

Amex Approval's

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check out my post the other day. Good luck if you decide to go for it!

Congrats on your new Amex!

[Anonymous]

wow, thank you!!!

I will call Sync and see what they say about a CLI.
About those derogs/CO's.... How do I even go about that? As in, theyre 3-4 years old and they are "valid", so what do I say to try and get them off?

[Anonymous]

Thank you... your thread definitely gives me hope and is tempting...