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Amex Personal Loan Offer

credit_is_crack
Valued Contributor

Amex Personal Loan Offer

Hi All, 

 

Today I was checking on my amex accounts and I got an immediate pop-up for the personal loan. I've never received a personal loan offer from them before. I was offered (and took) a business loan offer from them in march this year, and looks like I've qualified for a personal one now. The rate is pretty decent. I don't need it, but thought I'd put it out there as these seem to come in waves. 

 

It did not show up at all in the app so I only knew about it by logging in on my pc. 

 

Screen Shot 2021-11-13 at 8.08.26 AM.png

Screen Shot 2021-11-13 at 8.09.01 AM.png

Message 1 of 9
8 REPLIES 8
cashorcharge
Senior Contributor

Re: Amex Personal Loan Offer

I've used this in the past and have since received the same preappovals again.

If you don't use the pop-up, you can use the "check my score" link and it will show up at the bottom of that page too. 

 

A few things...process is super easy, no HP if you accept and no prepayment penalty. However, paying early doesn't negate future payments like an SSL. In other words, make a huge payment worth 6 months of payments today and next month, you still have a payment due. Extra payments just shorten the term. Also, my preapproved amounts seem to fluctuate every few days from $25k to $50k. Not sure why...no profile or AX Balance changes...though for some reason, its always different. If you keep an eye on it, it may go up or down every few days. 

Message 2 of 9
joe_miami
New Contributor

Re: Amex Personal Loan Offer

Do these preapprovals only show up via pop-up or can one check somewhere on the Amex site? Thanks.

Message 3 of 9
SoCalGardener
Established Contributor

Re: Amex Personal Loan Offer


@joe_miami wrote:

Do these preapprovals only show up via pop-up or can one check somewhere on the Amex site? Thanks.


They're by invitation only. So, no, you can't check for them on the site--if you're eligible for one, they'll let you know.

Amazon Prime Store CardAmerican Express Blue Cash Preferred CardAmerican Express Everyday CardAmerican Express Platinum CardBank of America Customized Cash VisaCapitalOne Quicksilver MastercardCapitalOne Quicksilver Visa CardCapitalOne Walmart Rewards MastercardChevron Texaco CardCiti Double Cash MastercardDiscover More CardJCPenney Gold MastercardOverstock.com CardSportsmans Guide Rewards CardSynchrony Home Card
Message 4 of 9
joe_miami
New Contributor

Re: Amex Personal Loan Offer

Thanks.

Message 5 of 9
Remedios
Moderator

Re: Amex Personal Loan Offer


@SoCalGardener wrote:

@joe_miami wrote:

Do these preapprovals only show up via pop-up or can one check somewhere on the Amex site? Thanks.


They're by invitation only. So, no, you can't check for them on the site--if you're eligible for one, they'll let you know.


Umm, no. You can check for an offer.

Savings and loans>Loans>Personal loans 

Message 6 of 9
mppaul271
Regular Contributor

Re: Amex Personal Loan Offer

I received an offer for $24.6k 36months @10.98%. Had never seen this type of pop up offer from Amex.😊

 


@credit_is_crack wrote:

Hi All, 

 

Today I was checking on my amex accounts and I got an immediate pop-up for the personal loan. I've never received a personal loan offer from them before. I was offered (and took) a business loan offer from them in march this year, and looks like I've qualified for a personal one now. The rate is pretty decent. I don't need it, but thought I'd put it out there as these seem to come in waves. 

 

It did not show up at all in the app so I only knew about it by logging in on my pc. 

 

Screen Shot 2021-11-13 at 8.08.26 AM.png

Screen Shot 2021-11-13 at 8.09.01 AM.png


 

Message 7 of 9
SoCalGardener
Established Contributor

Re: Amex Personal Loan Offer


@Remedios wrote:

@SoCalGardener wrote:

@joe_miami wrote:

Do these preapprovals only show up via pop-up or can one check somewhere on the Amex site? Thanks.


They're by invitation only. So, no, you can't check for them on the site--if you're eligible for one, they'll let you know.


Umm, no. You can check for an offer.

Savings and loans>Loans>Personal loans 


I don't know where you're seeing that! I was going by their FAQs, which says:

 

How do I apply for a Personal Loan? 

 

At this time, you can only apply if you receive an offer to apply and continue to meet eligibility requirements. You’ll know the maximum amount you can borrow, the maximum annual percentage rate(s) (APR) and your repayment period options before you submit an application....

Amazon Prime Store CardAmerican Express Blue Cash Preferred CardAmerican Express Everyday CardAmerican Express Platinum CardBank of America Customized Cash VisaCapitalOne Quicksilver MastercardCapitalOne Quicksilver Visa CardCapitalOne Walmart Rewards MastercardChevron Texaco CardCiti Double Cash MastercardDiscover More CardJCPenney Gold MastercardOverstock.com CardSportsmans Guide Rewards CardSynchrony Home Card
Message 8 of 9
Remedios
Moderator

Re: Amex Personal Loan Offer


@SoCalGardener wrote:

@Remedios wrote:

@SoCalGardener wrote:

@joe_miami wrote:

Do these preapprovals only show up via pop-up or can one check somewhere on the Amex site? Thanks.


They're by invitation only. So, no, you can't check for them on the site--if you're eligible for one, they'll let you know.


Umm, no. You can check for an offer.

Savings and loans>Loans>Personal loans 


I don't know where you're seeing that! I was going by their FAQs, which says:

 

How do I apply for a Personal Loan? 

 

At this time, you can only apply if you receive an offer to apply and continue to meet eligibility requirements. You’ll know the maximum amount you can borrow, the maximum annual percentage rate(s) (APR) and your repayment period options before you submit an application....


 

I spelled it up there, but here you go 

Screenshot_20211117-135135_Amex.jpg

 

Screenshot_20211117-135152_Amex.jpg

 

Screenshot_20211117-135208_Amex.jpg

 

Screenshot_20211117-135227_Amex.jpg

 

Message 9 of 9
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