What are the chances

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
5 posts
realmadrid7
 
Posts: 2
Joined: Sun Dec 14, 2014 7:23 pm
Location: Dover,Delaware

What are the chances

Postby realmadrid7 » Sun Dec 21, 2014 12:18 pm

Hello , this is my first post here so excuse the newbie mistakes . Iv been thinking about applying for an Amex card sometime next week . My credit report is really thin . 1 credit card with 7 months of good history , 3 inquiries ( 2 would be a year old in January ) , no lates , no collections , no loans and Experian Fico 750 . Should I do it now or wait ? What do you guys think ? I was gonna go for either the everyday or the blue cash . Thanks in advance .


takeshi
Centurion Member
Centurion Member
 
Posts: 1741
Joined: Wed Jun 05, 2013 3:12 pm
Location: US

Postby takeshi » Mon Dec 22, 2014 8:14 am

realmadrid7 wrote:Should I do it now or wait ? What do you guys think ?

Do you expect you credit to significantly improve for the time period you were thinking of waiting?

I can't speak to your odds. Your best bet if you want to rely on odds is to Google and review the credit pulls database.

ingramjuan
Centurion Member
Centurion Member
 
Posts: 271
Joined: Thu Nov 20, 2014 5:32 pm
Location: EARTH

Postby ingramjuan » Mon Dec 22, 2014 9:48 pm

This one maybe hard. From what I seen from pervious threads looks like it would be a good idea to wait to have a little longer credit file. hope you post if you get approved.
CARDS:
Capital One Platinum (2001) |Capital One QuickSilver World (2002) | Amex Gold Delta (2013) | Best Buy Visa (2013) |Discover It (2015) | Amex Platinum (2015)

Gardening Since: June, 2015

Next Cards:
Personal: Chase Freedom Unlimited
Business: Amex Plum
Store Card: Lowes

User avatar
Vattené
Centurion Member
Centurion Member
 
Posts: 1208
Joined: Sun Jan 26, 2014 3:55 am
Location: US

Postby Vattené » Tue Dec 23, 2014 4:33 pm

Any time we post opinions on odds for approval it is just a guess, and the thinner the credit profile in question the more of a shot in the dark that guess is. It is very hard to tell with someone in your situation. I could easily see it going either way. You DO have a short history, but it is clean and after all Amex is in the business of extending credit cards - they may want you and surprise you with an approval and relatively high limit in hopes of esablishing loyalty with you early on. I would recommend applying and seeing how it goes; it is the only way to know for sure. Just have that recon number handy in case it doesn't go as you hoped. Worst-case scenario is they deny you and you have to live with a credit inquiry for two years, which could end up having no impact on you.

For what it's worth, the Amex Gold Delta Skymiles card is rumored to be the easiest to get. Depending on how important you feel it is to get in with Amex, it might be worth considering.

Good luck!
-Vattené
FICO-8:
EX - 827 (4/17) | TU - 812 (4/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

thom02099
Centurion Member
Centurion Member
 
Posts: 475
Joined: Sat Apr 13, 2013 7:49 pm
Location: Colorado, USA

Postby thom02099 » Wed Dec 24, 2014 12:48 pm

realmadrid7 wrote:Hello , this is my first post here so excuse the newbie mistakes . Iv been thinking about applying for an Amex card sometime next week . My credit report is really thin . 1 credit card with 7 months of good history , 3 inquiries ( 2 would be a year old in January ) , no lates , no collections , no loans and Experian Fico 750 . Should I do it now or wait ? What do you guys think ? I was gonna go for either the everyday or the blue cash . Thanks in advance .



Like prior posts, could be difficult to predict. If those 2 inquiries are Experian and they will fall off in January, why not wait for that to happen? AMEX can sometimes be inquiry sensitive. That said, they are also pumping out promos for their charge cards like crazy. My son, who has a very thin file, has been getting pre-approval mail for both the Green and Gold AMEX. The underwriting for all the charge cards are the same, so if you are looking for a way in, perhaps one of the charge cards would be a way to go. Also, as stated above, the underwriting for the Delta AMEX is reportedly the easiest to obtain. A 750 EX score, by all accounts, would be a very good score and, all things considered, give you a better shot at an AMEX.
Retired, and in the process of retiring cards!
EQ = 846 EX=828 TU = 836 as of 02/2016



Return to “American Express”

Who is online

Users browsing this forum: No registered users and 2 guests