Thinking about the Green card. Approval chances with student loan delinquency?

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jake247
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Thinking about the Green card. Approval chances with student loan delinquency?

Postby jake247 » Fri May 30, 2014 2:28 pm

Hi all.

I got one of those "pre-qualified" letters in the mail from AmEx for the green card and I thought id ask you all whether you think I'll get approved or not before doing so. I'm 25 years old, salary is 70k not including a bonus (all in comp is maybe 95k), had about 60k in student loans which is now down to about 16k, have had a BofA student credit card since i was 18 with a $1,000 limit. 715 credit score, credit usage is below 10%.

...but here's the wrinkle:
one of my student loans I thought was in deferment actually wasn't so I have a 90 day delinquency on my file. The account has since been brought current. That was maybe a year ago.

I applied for a green card back in the spring of '12 but was denied (i think it was because my credit usage % was too high and i had a sub-700 score).

if there is anything i missed please let me know but i'd love to become an AmEx user. thoughts?


MB131174
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Postby MB131174 » Fri May 30, 2014 7:51 pm

I think you have a good chance. If you get the eternal notification notice you could always call them and plead your case with a live person. I think the green card is a solid option for a lot of people. The gold and platinum are over-hyped. For me - the gold doesn't make sense because I don't spend much on gas, and being single I don't spend a fortune at the grocery store. Most flights are paid by my employer. The platinum is getting watered down benefits and also only earns 1 point per dollar, just like the green. So for $95 vs $175/$450 I feel the green is a good choice if you want NPSL. YMMV, TGIF, and all the other acronyms known to mankind.
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jake247
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Postby jake247 » Mon Jun 02, 2014 11:16 am

Thanks. Also, what should i be putting for my compensation in the application? Are they checking it against my historicals? As i am at a new job which pays me considerably more. Also, should i just put in salary or should i put in an estimated salary plus bonus figure. Devil is in the details if feel like with the applications. Just want to make sure i have my ducks in a row before i make a go at it. thanks.

Dman316
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Postby Dman316 » Mon Jun 02, 2014 4:15 pm

You have a good chance but probably won't get a high spending limit.
My Cards

Chase Freedom Visa Signature: $5.2K
Capital One Quicksilver Visa: $7.5K
Discover IT: $5.5K
Huntington Voice World Mastercard: $1.6K

In the garden indefinitely.

MB131174
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Postby MB131174 » Mon Jun 02, 2014 4:31 pm

Put down ONLY what you could verify if they asked for it immediately. They won't care about what you will be earning, they care about what you can prove that you have/are earned/earning. Make sense?
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MB131174
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Postby MB131174 » Mon Jun 02, 2014 4:32 pm

Dman316 wrote:You have a good chance but probably won't get a high spending limit.


The green card doesn't have a set limit per se, so I don't think he has to worry about that.
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