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New AMEX Platinum Score Impact

atarvuzdar
Established Contributor

New AMEX Platinum Score Impact

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

 

Data points:

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.

FICO 8: EQ 818 / TU 808 / EX 802
AMEX Platinum / BofA Cash Rewards Visa Sig $69,000 / AMEX EveryDay $30,000 / Chase CSR $23,700 / Citi Double Cash $25,600 / Discover It $26,000 / JetBlue Plus WEMC $25,000 / CapOne QuickSilver $9,450 / Chase Freedom $1,500 / Lowe's $35,000
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Revelate
Moderator Emeritus

Re: New AMEX Platinum Score Impact

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.




        
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atarvuzdar
Established Contributor

Re: New AMEX Platinum Score Impact

Fair question! Yes, all FICO 8 dp's.

FICO 8: EQ 818 / TU 808 / EX 802
AMEX Platinum / BofA Cash Rewards Visa Sig $69,000 / AMEX EveryDay $30,000 / Chase CSR $23,700 / Citi Double Cash $25,600 / Discover It $26,000 / JetBlue Plus WEMC $25,000 / CapOne QuickSilver $9,450 / Chase Freedom $1,500 / Lowe's $35,000
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