Amex relationship and credit question

[mikesonthemend]

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@AllZero wrote:

From my understanding, 670 Experian is minimum score required for core AmEx revolver. I'm not quite sure on the charge card.

You might want to address any delinquency or derogatory that is suppressing your scores.

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This is my understanding as well. And it only gets you one card until things improve.

Curious as to what @Anonymous has to say. He has had pretty good success with AMEX but it may have been over a longer time period.

[NRB525]

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@Anonymous wrote:
The TransUnion and Equifax is Credit Karma and Experian is direct from Experian.

Could you advise on the best most accurate way to get scores? (I'm willing to pay). Thank you so much.

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MyFICO has a subscription service here. Depending how much you want to pay it gets you all FICO versions every 3 months, or each month, or for only one bureau.  

Heavy use of the AMEX Delta Gold will be rewarded later with higher CL. If you have any baddies, any steps you can take to remove them will help a lot. 

The AMEX Gold will become available before long. Be sure you look for the 50,000 MR offer, regardless of spend required, as AMEX SUB are only once per lifetime.  

[Anonymous]

Agreed with both @Remedios and @NRB525 . Amex likes lots of swipes and being paid promptly. Doing both is an excellent way to demonstrate that they should grow your accounts. As Remmy said, having negatives will hurt your chances of increases and addressing those will go a long way toward Amex opening the vault. 

I've been a Cardmember for 13 months now and have four revolvers and a Gold charge. All were approved but the derogs I had on my reports over that period kept me from getting increases on my revolvers. I'm down to one aged and paid derog now on EX, which is still holding my score down but I'm quite a bit cleaner than I was last year. I was declined for a CLI in September but in contrast to past denials which quoted derogs, the letter for that one quoted one reason only - FICO score. In my case, that showed me that cleaning my reports makes a big difference to Amex, and indicates that when I ask again after my paydown next month, the boost in score I'm expecting should get them to increase me at that point. 

Bottom line, Amex will let you in with derogs but getting increases may require cleaner reports and better scores.

[Anonymous]

Thank you so much for the great info.

[Brian_Earl_Spilner]

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@Remedios wrote:

OP, your scorecard indicative of negative info being present, so is the limit they gave you on your card.
There are plenty of people in your situation who have significant spend but cannot get new cards or increases till Amex is ready.
I dont think anyone can quantify whether it's going to be three months, six months, year
It really depends on your CR, and whatever is holding your scores down. Amex is very much score and clean file driven lender.
It doesn't mean you wont have success with them, it just means it may take some time.
If you dont want to try another cold app, wait till you have pre-approved offer in your account. Otherwise, I'd give it six months at least.

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I'm one of those people. Got my Delta Gold in October 2018. Run about $3k a month through it over 50+ swipes. They've given me nothing.