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Current Amex customer Prequal

DB2019
Regular Contributor

Re: Current Amex customer Prequal


@allegra37 wrote:

Did anyone try to apply for a business card as an existing customer (Personal card holder)?

 

What was the result SP or HP ?


I have with the BBP and it was a SP, was also a denial.

Rebuilding Since 2016
6/5/2019 - Fico 8 Scores - EQ 672 TU 683 EX 674
6/15/2019 - FICO 8 Scores - EQ 682 TU 698 EX 690
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9/15/2019 - FICO 8 Scores - EQ 710 TU 713 EX 690
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Message 11 of 17
allegra37
Valued Member

Re: Current Amex customer Prequal

I applied for the Blue Business Cash and its approved. It was SP.

 

I was thinking Amex Gold Personal but then i changed my mind. Now, when i go to personal card to apply it doesnt say anymore "pre-approved"

Message 12 of 17
KJinNC
Valued Contributor

Re: Current Amex customer Prequal

I have only ever seen the thing about "expanding your membership is easy" until tonight. I did get a prequalification (not preapproval, prequalification) for Delta Gold starting about a week ago. I applied for it and was rejected, reconned and was still rejected. Tonight, I noticed I was "preapproved" for every credit card (interestingly, not for charge cards). The two things I know changed are 1) I hit my one-month anniversary with the Gold Card, maybe a month is meaningful for internal scoring, 2) I closed a couple of secured cards yesterday. But maybe they just like how I'm using/paying my Gold Card. I wonder why there isn't more transparency on this stuff, so we're left to wonder. Who would it hurt to remove the guesswork?


FICO Resilience Index: 69. Cards: 10/24, 3/12, 3/6. Accounts including loans: 12/24, 4/12, 4/6. At first accidentally, later deliberately, I used what I call the "thick-start" build method, which leads to heavy credit-seeking for a while with the goal of coming out of it without needing to build a thin profile for years. There are pros and cons. Thread describing method
Cards (oldest to newest)


Authorized user / Corporate / Auto loans / Personal loan

Card CLs total $151,100, not counting the AU card. The AU card brings the total to $177,600. In 03/19, card CLs totaled $0.
CU and bank memberships: Coastal Credit Union, joined 1987, direct deposit; PenFed, joined 2019; Navy Federal, joined 2020; USAA, joined 2020; Chase Bank, joined 2020. Best: Coastal, worst: NFCU. I have had weird Keystone Kops customer service problems with NFCU several times, despite their reputation here.

Closed but still on reports: American Express Gold, NPSL, 08/19-06/21 | American Express Delta Gold, $1,000, 09/19-10/20 | American Express Hilton Aspire, $3,100, 09/19-12/20 | Citi secured, $200, 04/19-09/19 | Capital One secured, $300, 04/19-08/19 | My Jewelers Club, $5,000, 05/19-08/19 | Green Dot Primor, $300, 05/19-08/19 | Self Lender secured $500 loan, 04/19-01/20 | Unsecured personal loan from Coastal, $1,000, 06/19-08/19.
Note: My signature is updated frequently, and updates appear on all instances of my signature including on old posts.
Message 13 of 17
mystere3
Contributor

Re: Current Amex customer Prequal

More transparency how? They told you that you’re preapproved.
Message 14 of 17
KJinNC
Valued Contributor

Re: Current Amex customer Prequal


@mystere3 wrote:
More transparency how? They told you that you’re preapproved.

For starters, if you asked 100 people the difference between prequalified and preapproved, most would say there is no difference. That should be spelled out. Asterisk the word and put a sentence or two at the bottom of the page saying what it means.

 

But in my example, I was denied (even on recon) last week, then approved this week ... why? Some things may have changed in a way that's significant in their internal scoring (I may have gone from having the prior card for 25 days to having it for 31 days or something), but in reality, nothing significant changed in that week. Same FICO scores, actually a few points worse for unrelated reasons, same income etc. How do you go from turned down even on recon, to preapproved, in a week? By the way, I did get the card when I applied again last night ... the same day I received the letter saying my prior recon was turned down! If there is, for example, a rule that you can't get a second card until you've had the first card for a month, just say that. Who would it hurt?

 

And, that's one example. If you've been on this board for any length of time, you've seen many, many examples of approvals and denials that don't seem to make sense. I am sure they do make sense for some obscure internal reason, and that is what I am talking about. They can do what they like, but I really don't know who the secrecy helps.


FICO Resilience Index: 69. Cards: 10/24, 3/12, 3/6. Accounts including loans: 12/24, 4/12, 4/6. At first accidentally, later deliberately, I used what I call the "thick-start" build method, which leads to heavy credit-seeking for a while with the goal of coming out of it without needing to build a thin profile for years. There are pros and cons. Thread describing method
Cards (oldest to newest)


Authorized user / Corporate / Auto loans / Personal loan

Card CLs total $151,100, not counting the AU card. The AU card brings the total to $177,600. In 03/19, card CLs totaled $0.
CU and bank memberships: Coastal Credit Union, joined 1987, direct deposit; PenFed, joined 2019; Navy Federal, joined 2020; USAA, joined 2020; Chase Bank, joined 2020. Best: Coastal, worst: NFCU. I have had weird Keystone Kops customer service problems with NFCU several times, despite their reputation here.

Closed but still on reports: American Express Gold, NPSL, 08/19-06/21 | American Express Delta Gold, $1,000, 09/19-10/20 | American Express Hilton Aspire, $3,100, 09/19-12/20 | Citi secured, $200, 04/19-09/19 | Capital One secured, $300, 04/19-08/19 | My Jewelers Club, $5,000, 05/19-08/19 | Green Dot Primor, $300, 05/19-08/19 | Self Lender secured $500 loan, 04/19-01/20 | Unsecured personal loan from Coastal, $1,000, 06/19-08/19.
Note: My signature is updated frequently, and updates appear on all instances of my signature including on old posts.
Message 15 of 17
BurgeoningHope
Frequent Contributor

Re: Current Amex customer Prequal


@Obscure-Expert wrote:

 

...Now the incognito method... for your card in question is offering 50K/$2K spend vs 35K when just a normal browser window.

https://www.americanexpress.com/us/credit-cards/?category=all

 


Okay, I checked. Signed in, I'm pre-approved with a 35K offer for a card offering 50K incognito. How do I get the larger offer?

 


Message 16 of 17
Brian_Earl_Spilner
Community Leader
Mega Contributor

Re: Current Amex customer Prequal


@Obscure-Expert wrote:

Doesn't matter which method you use other than if you want a higher bonus upon approval.

 

Key things to look for when you click the APPLY button:

"you're pre-approved" = SP

"expand your membership" = HP

 

Now the incognito method... for your card in question is offering 50K/$2K spend vs 35K when just a normal browser window.

https://www.americanexpress.com/us/credit-cards/?category=all

 

Now, if you're pre-approved for 1 card you're typically pre-approved for all of the cards.  IF you don't have a specific need for Gold w/ $250 AF then look at the other offers and find something that fits better.


Expand your membership is not a guaranteed HP. It can result in an HP, but it usually isn't.




Message 17 of 17
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