Thanks for the information. I wasn't planning on getting another AmEx card (having recently gotten BCE) so I'm probably going to save this for when I do some heavy traveling. The bonus looks pretty great.PhillyPhoto wrote:If you are targeted for an offer, more than likely you'll be approved. Amex tends to be pretty strict on who they pre-approve. I got 2 offers in the past from them and was approved both times. I think Amex does a soft pull at first when you apply to see if they want to proceed, then does a hard pull from there (it's automatic while you're waiting for the webpage to reload). So if you are approved it will be a hard pull on your report pre-approved or not. The thing to keep in mind is that bonuses are lifetime now for Amex, so if they're not offering a good one (I think PRG has gone up to around 50,000 MR for $2-3k spend in the first 3 months), then you might want to wait. If you do decide to apply, Amex will only do 1 hard pull per day and you can get approved for 2 Amex accounts in the same day, so see if there's another account you want with them at the same time (Blue Cash for example) and combine your pulls. Just make sure you can afford the min spend for both accounts for both rewards.
I'll do that. For now, I'm more intent on getting Chase Freedom. Might even call for a recon on Citi Double Cash sometime soon.CarefulBuilder14 wrote:You might want to wait for a 75k offer for PRG. They pop up now and then.
To My Credit wrote:I don't intend to apply for it just yet (maybe next year or the year after) but I was wondering what the likelihood of being approved for the PRG card was after being sent a pre-selected offer.
To My Credit wrote:And would there be a hard inquiry, pre-selected offer notwithstanding?
I understand that. Which is why I am not going to apply for it till next year, at the earliest. I will only apply for it when I intend to travel a lot and could make use of the sign-up bonus.takeshi wrote:The offer doesn't tell you that. Don't rely on offers, prequals, etc. They're all just marketing.
Don't just respond to marketing. Sort out your needs/wants. Select cards that suit you and apply for them.
The only real issue with my credit profile is that it's thin. I got my first credit card in July of last year. And there is nothing I can do about that but wait.Yes. If one HP is a concern then you probably need to focus on bigger issues with your credit profile.
takeshi wrote:To My Credit wrote:And would there be a hard inquiry, pre-selected offer notwithstanding?
Yes. If one HP is a concern then you probably need to focus on bigger issues with your credit profile.