Hey everyone, so I've been recently looking into the Amex Gold, but have a few questions on what the standard requirements are to get the card. I currently have a 772 with Experian, and close to 0% utilization (two cards reporting at a $9 balance). I have an Amex card already, got it in November of 2018. I know right now isn't the best of time to get a new card, but I just want to get everything in order before I do apply. I also wouldn't mind having the extra 3 months to get the Sign up bonus. Does anybody have any insight on the card? I've already found multiple ways to offset the annual fee between the hotel collection credit as well as the dining fee.
@Anonymous wrote:Since you're already an Amex cardholder, go into View All Cards and click on Apply for the Gold card. If it says "expanding your membership with us is easy..." then it's probably best to wait. If it says "Matt9543, you are preapproved!" it's a good sign that they're ready to give you the card. Your score is well above the needed level and your utilization is prime. See what the preapproval says and if it says you're preapproved, go for it.
I did see it says I am preapprooved for the card, it just asks me to insert my income and another question I don't remember off the top of my head. Do you know around what income they prefer you have to be approved?
With your present relationship with AMEX and your excellent EX score, I see absolutely no reason they would not approve you for a charge card. Of course no one on here could ever tell you you're 100% certain of an approval, but I think your odds should be about as close to a lock as you can be.
Even without a preapproval, with your stats if the card makes sense for you, go for it! Just make sure that you secure the highest Welcome Offer possible for the card; the one showing in any preapprovals in your account may not be the highest one and they are once-in-a-lifetime.
@Matt9543 wrote:
@Anonymous wrote:Since you're already an Amex cardholder, go into View All Cards and click on Apply for the Gold card. If it says "expanding your membership with us is easy..." then it's probably best to wait. If it says "Matt9543, you are preapproved!" it's a good sign that they're ready to give you the card. Your score is well above the needed level and your utilization is prime. See what the preapproval says and if it says you're preapproved, go for it.
I did see it says I am preapprooved for the card, it just asks me to insert my income and another question I don't remember off the top of my head. Do you know around what income they prefer you have to be approved?
Unless your income is extremely low or is not enough to have a reasonable debt-to-income (i.e. you have a $2000 mortgage and $600 car payment each month and only make $36,000 a year), this shouldn't matter for approval but will be important for them to calculate your spending ability. Whatever the actual number is would be the one to use.
@K-in-Boston wrote:
@Matt9543 wrote:
@Anonymous wrote:Since you're already an Amex cardholder, go into View All Cards and click on Apply for the Gold card. If it says "expanding your membership with us is easy..." then it's probably best to wait. If it says "Matt9543, you are preapproved!" it's a good sign that they're ready to give you the card. Your score is well above the needed level and your utilization is prime. See what the preapproval says and if it says you're preapproved, go for it.
I did see it says I am preapprooved for the card, it just asks me to insert my income and another question I don't remember off the top of my head. Do you know around what income they prefer you have to be approved?
Unless your income is extremely low or is not enough to have a reasonable debt-to-income (i.e. you have a $2000 mortgage and $600 car payment each month and only make $36,000 a year), this shouldn't matter for approval but will be important for them to calculate your spending ability. Whatever the actual number is would be the one to use.
It's about 15k, but am making more a paycheck on unemployment right now. All I have is a $208 monthly car payment. I recently got a Disneyland AP and it makes more sense to stay at a hotel for trips of more than a day, which is why I thought the hotel collection credit of $100 per 2-night stay would make it worth it alone to cover the annual fee.