So, my credit file is admittedly a bit thin (just now reaching one year), and Amex, after surprisingly approving me for an Everyday card with a CL of $5,000 back when my credit was only 4 months old with a FICO of 630, has shown me no love at all since then...
Nevertheless, from time to time, I do the "click on the apply button" for various cards while logged in to Amex trick, to see if I have any pre-approvals...so I was quite surprised and pleased, early in Feb., to find that I had been pre-approved for the Plat. My plan, however, was (and is) to apply for it in May, a time when my organic spending will lend itself to easily meeting the MSR, so I didn't apply.
So I was quite disappointed when, two days ago, I checked my pre-approval for the Plat again, and alas, it has disappeared.
So, my question is, is this a normal thing? I can't figure out why the pre-approval disappeard so fast. Yes, my FICO dropped a bit in the last month due to a recent inquiry from Chase (I applied for and was approved for a business card), and my utilization spiked a bit last month (40%) when I had to wait until a few days after my statements posted to pay off the balances on my personal cards (I'm usually meticulous about doing AZEO before the statements post, staying well under 10%). Does that explain it? The only other thing I could think of is the fact that I went from $2k spend on my ED for Jan. to only $100 spend for Feb...could that be it?
I'm probably overthinking this; hopefully by the time I'm ready to apply for the Plat in early May, the pre-approval will have returned...but any relevant DPs from anyone with similar experiences would be appreciated.
Thanks. My income is high five figures, so that's probably not an issue. The spike in utilization was an anomaly, and will not happen again for the foreseeable future, so hopefully that will solve things in a few months.
One way to find out if the offer is still a pre-approval, is by going through the Recommended Card's tab. From there you can click on "Apply" and it will either tell you that you are pre-approved or if you are thinking about expanding your relationship with AMEX. The latter is usually hit or miss, but most of the pre-approved prompts are solid. Best of luck OP
Are you no longer pre-approved, or is it just not showing up in the list at all?
If it's just not showing up in the list, that happens from time to time with Amex. The other day someone posted about the BCP not being there. I've noticed the Cash Magnet and other cards disappearing and reappearing from the list of cards I am presented. I don't think anyone really knows why this happens. It just does.
If that's what happened, give it a bit and I am sure it will return.
Thanks. Yes, it is showing up on the list, but when I hit the apply button it gives the dreaded "easy to expand your membership" line (whereas a few weeks ago, it was, "congratulations, you're pre-approved..."
I'm betting it was my utilization going up...hopefully it will be back when I'm actually ready to apply in May.