What does AMEX look at?

MMTT31 · ‎05-31-2013

The reason I ask this question is because I was approved for the Blue Sky with a credit limit of 10000 a couple of months back and I am still astonished, that I even got approved and with such a high limit. I am just trying to get a better understanding on how credit issuers give credit. Oh and btw the real reason I am astonished is because up to that point I had 2 credit cards, one that was about 1 and 2 months old and the other only 2 months old. Thank you for the answers in advance.

Anonymous · ‎05-31-2013

Well, what are some of your other stats?

dodgerslv · ‎05-31-2013

@MMTT31 wrote:
The reason I ask this question is because I was approved for the Blue Sky with a credit limit of 10000 a couple of months back and I am still astonished, that I even got approved and with such a high limit. I am just trying to get a better understanding on how credit issuers give credit. Oh and btw the real reason I am astonished is because up to that point I had 2 credit cards, one that was about 1 and 2 months old and the other only 2 months old. Thank you for the answers in advance.

one thing that is certain is that AMEX has their own internal risk score. They just dont base approvals off Fico scores.

gardening since 5/21/2016

MMTT31 · ‎05-31-2013

@Anonymous wrote:
Well, what are some of your other stats?

Score wise, at that point I think I was in the 680's, not sure, they never sent me the score they approved me with. I also was never late on the two other cards and I put my correct salary which isn't much as I just recently graduated for my university.

jamesdwi · ‎05-31-2013

What is your income?

Are you an AU on anyone elses accounts?

Do you have other accounts that were closed still reporting on your credit report?

Do you have a Home or Auto Loan that may be sitting on your report?

Investiment accounts?

Amex looks at your whole financial picture, Income is the biggie, 100k plus salary and make up for a sub 700 fico and get you a good limit.

Cards: Chase Southwest 20k & CSR 17k & CSP 10k & FNBO 30k Oregon Duck 5k, & AMEX BCP 32.5k & Amex Magnet 15k&amg; Hilton Surpass 7.5k & Delta Gold 12k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 20k, Paypal Extras MC 10k, Paypal Credit 7.25k CapOne Venture 15k, QS 2.5k, QS 750, Amazon 10k, Walmart 10k, Citi Simplicity 18k, Discover IT 23k and a nice stack of store cards.
Landmarkcu Personal Loan 10k

MMTT31 · ‎05-31-2013

@jamesdwi wrote:
What is your income?
Are you an AU on anyone elses accounts?
Do you have other accounts that were closed still reporting on your credit report?
Do you have a Home or Auto Loan that may be sitting on your report?
Investiment accounts?

Amex looks at your whole financial picture, Income is the biggie, 100k plus salary and make up for a sub 700 fico and get you a good limit.

I didn't want to like so I put 25,000 on the application for salary. I was never an AU on anyone's account. My Wells Fargo student CC was my first CC and up to that point I had for a year and a couple of months and no home loans or auto loans. I do have some stock and a 401K though. I wonder if the customer rep misunderstood me and put a higher salary lol.