Hi all, at the end of March I received a targeted offer from AMEX with a pre-approval for AMEX Platinum with a 100,000 point SUB when I logged in to check my Everyday account. I didn't really need the card, per se, since I have Chase Sapphire Reserve already but the sign up bonus was pretty good (I know some are able to get 125,000, though).
So, I took them up on their offer and was approved. They also offered a $25,000 pay over time limit @ 15.99%.
I've begun using the cardfor some of the benefits (like the temporary 10x points @ supermarkets), etc. and to work toward the SUB criteria.
The card hit my reports with a $2,030 balance just before the end of April and here was the impact:
EQ: Dropped 9 points from 827 to 818
TU: Dropped 19 points from 827 to 808
EX: Dropped 13 points from 815 to 802
1 mortgage @ 81% util
1 student loan @ 100% util
1 HELOC @ 62% util
1 closed auto loan
Several CC's (see signature) with AZEO (18.6% util on the card, 6% util overall)
11 closed CC's
AoOA 17 yrs 0 mos
AoORA 10 yrs 2 mos
AAoA 6 yrs 7 mos (dropped from 6 yrs 10 mos)
Prior AoYA 1 yr 2 mos
Inquiries: EQ 0 / TU 0 / EX 1
My scores have always been sensitive to new accounts so I'm not too surprised by the drops--just sharing the DPs for anyone interested.
Oh, and no hard inquiry seems to have been pulled for the AMEX.
Just to clarify all FICO 8 datapoints?
Sounds in-line with what I see also around 800 though I'm only tracking EX with any frequency at this point.
Fair question! Yes, all FICO 8 dp's.