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How is it that I see so many great approvals from American Express and others with 600 credit scores

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How is it that I see so many great approvals from American Express and others with 600 credit scores

 
Message 1 of 38
37 REPLIES 37
Established Contributor

Re: How is it that I see so many great approvals from American Express and others with 600 credit sc

I think every lender has a certain threshold in terms of scores when combined with other factors, such as credit age, income, payment history with their other TL's. FICO is just one of the components that are reviewed by a lender whenever they extend credit. Not all profiles are the same, which means not everyone with a 700 score will get approved for an AMEX card, the scoring system for FICO is just a representation of one's credit habits (good and bad). Honestly, I've yet to see anyone within the 600 bracket to get approved for their main revolvers. But It is possible to get in with AMEX through their co branded cards and sometimes charge cards, when those other factors are considered along with one's credit score.

Fico Scores as of March 2019: TU:765 EQ: 775 EX: 755 Fico Goals: TU: 770+ by 12-2019 EQ: 770+ by 12-2019 (achieved) EX: 780+ by 12-2019
Message 2 of 38
Community Leader
Valued Contributor

Re: How is it that I see so many great approvals from American Express and others with 600 credit sc

Actual FICO scores are just part of what the creditors use to determine whether to issue credit on not. It is also what is on your profile,  the age , accounts you have , your payment history.  There are so many factors, with Amex they sometimes approve at the mid 600 level , but your score is just a "part" of it.

Message 3 of 38
Valued Contributor

Re: How is it that I see so many great approvals from American Express and others with 600 credit sc

There is more difference between

601 and 699

than

701 and 799

and maybe even

501 and 599

Rebuild started in 2014  -  $100k+ unsecured credit in 2017  -  $250k+ unsecured credit in 2019.

DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!

10% Rotating - Discover                   5%-20% - Amazon & Lowes                6% Groceries - Amex Preferred (DW)
5% Gas & Sporting - Ducks Unl         4% Dining & Entertain - Savor           3% Travel & Hotels - Flagship, Propel, & Uber
2% Everything Else - Flagship          1% Cancer Charity - Fifth Third          0% Finance Promos - Venture & QuickSilver




    
Message 4 of 38
Contributor

Re: How is it that I see so many great approvals from American Express and others with 600 credit sc

AMEX wants more of that annual fee money.

Discover It - 19.1K
Citi Double Cash - 16K
AMEX BCP - 35K
Elan Financial - 24.2K
Uber - 25K
Amazon Prime Visa Sig - 9.6K
Fort Knox Platinum - 2.5K
US Bank Cash+ - 14K
Citi AAdvantage PSWE - 16.5K
Message 5 of 38
Valued Contributor

Re: How is it that I see so many great approvals from American Express and others with 600 credit sc

@clark_d_shark:

Two cobranded revolvers approves at 638 EX (Delta Gold, Hilton no-AF) 11/15/2018
Third cobranded revolver at 641 EX (Surpass) 3/3/2019

I’m pretty sure running those properly plus my 13 year credit history at that point allowed me to get BCP and Gold charge on 5/23 and 5/27 respectively this year. 658 EX at that point. I had across the board preapprovals at that point.


Rose Gold/BCP/Delta Gold/Hilton Surpass/Hilton Honors | IT | Quicksilver | Target | VS | Home Depot | Lowes | Firestone | Wayfair | Kohl’s

Heir apparent to the SJ Special (finally got a Disco CLI of $300)

5/24, 1/24, 76445/24, who cares #HappyWithAmex





Entering the garden 5/27/2019, staying until 2020
Message 6 of 38
Community Leader
Super Contributor

Re: How is it that I see so many great approvals from American Express and others with 600 credit sc

$$$$😎🤷‍♂️🍎🍏😆
Charter Member of the Discover " No Cli For You " Club !

Chase Never/24 Squad Leader
Team Pendread Anonymous
#JustSayNo2Comenity
Officially S.O.G.O.T.P
Message 7 of 38
Established Member

Re: How is it that I see so many great approvals from American Express and others with 600 credit sc

What do those symbols mean?
Message 8 of 38
Frequent Contributor

Re: How is it that I see so many great approvals from American Express and others with 600 credit sc

Amex has a proprietary score they use sometimes for approvals also fico 02?04 and 05 can be over 100 points higher than fico 08 .thats why i got 16k from bbt .
bb&t cash rewards, 8k balance2.4k k
bb&t bright 8k balance 5 k mostly balance transfers
cap 1 qs1 500 balance 0
first premier 400 balance 0
credit one 450 balance 0
jared/genisis 300 balance 0
target 300 balancE 0
AOAA ONLY 5 MONTHS OLDEST ACC 16MONTHS
INQS EQ 25 TU 25 EX 15
FICO 08 EQ 677 TU 702 EX 685
FICO 09 EQ 703 TU 693 EX 702
MORTGAGES EQ 711 TU 684 EX 706
NO NEGATIVES
FUTURE GOAL CARDS , SAVOR . FREEDOM AND DISCOVER


ALL FILES ARE CURRENTLY FROZEN
Message 9 of 38
Super Contributor

Re: How is it that I see so many great approvals from American Express and others with 600 credit sc

Because your score isn't everything, as I've proven with some of my approvals. Lol. 

 

Also, don't mind @AverageJoesCredit, he's special. Bless his heart.








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Message 10 of 38
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