Do I have any approval chances for any Amex card?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
14 posts
scalar009
Green Member
Green Member
 
Posts: 8
Joined: Thu Aug 28, 2014 8:54 pm
Location: Los Angeles CA

Do I have any approval chances for any Amex card?

Postby scalar009 » Sat Oct 11, 2014 6:27 pm

I have a BoA 500 limit and a capital one 300 limit card for about 2 months, my utilization is less than 10%


I recently applied for the discover chrome student card and got denied, they said I didn't have enough credit history and they sent me a copy of my score of 584 ( I forgot from which bureau )


do I have a chance with any amex card? they already denied me for green when I was first applying for credit


mdl28
Centurion Member
Centurion Member
 
Posts: 211
Joined: Thu Mar 21, 2013 10:18 pm
Location: TX

Postby mdl28 » Sat Oct 11, 2014 6:39 pm

Yeah, no. Get your credit in order and build up your score to the low 7's or high 6's and more doors will open.
MDL

Amex Gold Prem'r
Amex BCP
Amex Green
Barclays Ring Platinum MasterCard
Citi Diamond Pref'd
Chase Sapphire Pref'd Visa Signature
Chase Freedom MasterCard
Discover It
New York Life Visa Signature

popamode72
Centurion Member
Centurion Member
 
Posts: 1099
Joined: Sun May 04, 2014 4:41 pm
Location: Atlanta, GA

Postby popamode72 » Sat Oct 11, 2014 6:50 pm

Wait at least six months (in your case 4 more months), have your FICO score generate and then you can try getting in with Amex. I got my first Amex card with 9 months of credit history and scores in the late 600s.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

User avatar
CarefulBuilder14
Centurion Member
Centurion Member
 
Posts: 3755
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Postby CarefulBuilder14 » Sat Oct 11, 2014 7:07 pm

I agree you should wait until your credit history is six months old - at a minimum. I got my PRG Amex 6.5 months after opening my first card. Since they have already denied you and you have applied for four cards already, in your shoes, I would wait a full six months from today to apply again for an Amex. I would apply for the same charge card again (or the Gold/PRG/Platinum), and not try to get one of the credit cards like ED or BCE yet.

I don't know what kind of score Discover sent you, but if there's nothing else in your credit report, it is true you don't have a FICO score yet.

Edit: This all assumes you continue to keep your utilization low, and you currently have, and will continue to have, a perfect payment history.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

popamode72
Centurion Member
Centurion Member
 
Posts: 1099
Joined: Sun May 04, 2014 4:41 pm
Location: Atlanta, GA

Postby popamode72 » Sat Oct 11, 2014 7:30 pm

Yeah. Also wanted to add I had low utilization overall when I got in with Amex. Didn't go for their charge cards first but got in via the Amex Gold Delta Skymiles card. Pretty good sign up offer they had over the summer too that I also took advantage of.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

User avatar
djrez4
Centurion Member
Centurion Member
 
Posts: 1468
Joined: Tue Jul 31, 2012 12:20 pm
Location: United States

Postby djrez4 » Sat Oct 11, 2014 10:49 pm

No one has a 584 with two months of history. You have no score with two months of history. I don't think we are getting the whole story here.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

User avatar
lobbythis
Centurion Member
Centurion Member
 
Posts: 618
Joined: Sun Sep 07, 2014 8:53 pm
Location: usa

Postby lobbythis » Sat Oct 11, 2014 11:00 pm

djrez4 wrote:No one has a 584 with two months of history. You have no score with two months of history. I don't think we are getting the whole story here.



Technically, OP never told us how long their credit history was. They simply listed 2 cards they currently have. But, I totally agree, you don't have a 584 without some mishaps in the past beyond these 2 cards.

User avatar
PlyrStar93
Centurion Member
Centurion Member
 
Posts: 410
Joined: Wed Jun 04, 2014 1:06 pm
Location: Chicago

Postby PlyrStar93 » Sat Oct 11, 2014 11:10 pm

I think the 584 coming from Discover should be an L2C score. I have seen others with this. This score is used by them when dealing with thin file. But anyways this score has very few meaning as your file is thin.

My suggestion to OP: this score does not necessarily mean you have bad credit (or good credit), and you should take time to build history before applying for another card.
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015
All EMV.

Omarperez48
Gold Member
Gold Member
 
Posts: 36
Joined: Mon Apr 14, 2014 2:08 am
Location: San Diego , California

Postby Omarperez48 » Sun Oct 12, 2014 11:47 am

lobbythis wrote:Technically, OP never told us how long their credit history was. They simply listed 2 cards they currently have. But, I totally agree, you don't have a 584 without some mishaps in the past beyond these 2 cards.


He mentioned he opened his cards 2 months ago so that means he would be a no score indeed. I'm not sure what score you even need to get AMEX. I got mine with a 685 but my 685 was with several other cards and a paid off auto loan paid off student loans. So it wouldn't just be the score but also the strength and history of credit combined to which I need to say he's got no shot at getting an AMEX as of now.
AMEX PRG (Npsl)

CitiPreferred ThankYou $3000

CapOne QuickSilver $4000

CapOne Platinum $5000

CapOne Yamaha $10,500

Macy's $3000

PayPal $1500

1St Financial Bank $900 (have had it for 6 years)

Credit One Bank $1000 (don't use this card)

Selfmade 24 year old, ambitious and future 1%er

kzpa
Green Member
Green Member
 
Posts: 4
Joined: Wed Oct 22, 2014 3:29 pm
Location: D.C.

Postby kzpa » Wed Oct 22, 2014 3:47 pm

No. Like others have said wait for at least 6-8 months and for your score to be at least in the 675 range before you apply again.

The green card is one of their easiest cards to qualify for and since you got denied you pretty much won't qualify for any of their other cards.
[size=80]Ritz-Carlton ~ Amex Gold Card ~ Amex BCE ~ CapOne Quicksilver ~ Citi DP[/size]



Return to “American Express”

Who is online

Users browsing this forum: No registered users and 1 guest