Is my profile ready for a try with AMEX?

[Anonymous]

Good morning all!

Getting ready to go on an app spree post mortgage closing and looking for some advice on AMEX...

Here are my stats on Experian (my highest) report:

-672 FICO 8.
-2% utilization on $1150 available revolving (5 cards, 2 of which I will close in favor of anything I get in the "spree).
-No lates in last 14 months on anything.
-BK from 6/2010.
-2 closed-PIF collections (1 medical / 1 other).
-2 private student loans charged-off-paid in full.
74,000 annual salary and currently, no housing payments (new mortgage payment will be between 850 and 900).

Does anybody have any insight for me? Don't want to "waste" a hardpull.

[chalupaman]

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@Anonymous wrote:
Good morning all!

Getting ready to go on an app spree post mortgage closing and looking for some advice on AMEX...

Here are my stats on Experian (my highest) report:

-672 FICO 8.
-2% utilization on $1150 available revolving (5 cards, 2 of which I will close in favor of anything I get in the "spree).
-No lates in last 14 months on anything.
-BK from 6/2010.
-2 closed-PIF collections (1 medical / 1 other).
-2 private student loans charged-off-paid in full.
74,000 annual salary and currently, no housing payments (new mortgage payment will be between 850 and 900).

Does anybody have any insight for me? Don't want to "waste" a hardpull.

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Score might be on a bit of the low side but did you check their prequalification site first?

[Anonymous]

Yes and nothing but the old "we think you will like these cards..."

[Anonymous]

The key question is have you burned them before?

[Berk]

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@Anonymous wrote:

The key question is have you burned them before?

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I think the key question is "Why do I want an Amex card?" If the answer is "Because it is Amex" or "Because I will feel like I have arrived" then I would reconsider getting the card. If, on the other hand, it is because Amex has a card that will benefit you and it is one that you would use then I would go for it. Don't know how much travel you do but the Delta Sky Miles Gold card is fairly easy to get.

[chalupaman]

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@Berk wrote:

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@Anonymous wrote:

The key question is have you burned them before?

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I think the key question is "Why do I want an Amex card?" If the answer is "Because it is Amex" or "Because I will feel like I have arrived" then I would reconsider getting the card. If, on the other hand, it is because Amex has a card that will benefit you and it is one that you would use then I would go for it. Don't know how much travel you do but the Delta Sky Miles Gold card is fairly easy to get.

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I wholeheartedly agree.

[Anonymous]

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@Berk wrote:

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@Anonymous wrote:

The key question is have you burned them before?

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I think the key question is "Why do I want an Amex card?" If the answer is "Because it is Amex" or "Because I will feel like I have arrived" then I would reconsider getting the card. If, on the other hand, it is because Amex has a card that will benefit you and it is one that you would use then I would go for it. Don't know how much travel you do but the Delta Sky Miles Gold card is fairly easy to get.

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Good question as well.  But if Amex was included in the BK, then the chances of getting approved for the easiest card - the Delta Gold as you stated is slim.

[Berk]

I agree-if you burned them I would look elsewhere for credit.

[Anonymous]

Some people get approved with a 630 fico so I would try the prequalify link first.

[Anonymous]

Never burned them.

From what I see is the AMEX can grow nicely. It's not needing status or prestige for me.