Which AMEX would be best for someone with my stats?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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Tecboy1138
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Which AMEX would be best for someone with my stats?

Postby Tecboy1138 » Sat Dec 18, 2010 1:54 am

Hello All,

I'm a newbie here - I want to get an Amex card but not sure which. My 3 credit scores are currently 785, 766 and 699 [no debt to speak of] and I declared the big B 10yrs ago.

So do you think I can get an Amex card and if so which would you all suggest?

Thanks


DoingHomework
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Postby DoingHomework » Sat Dec 18, 2010 11:42 am

That is a big range in credit scores. I suspect the low one still has negative info on it. You should probably wait until they are all 750+.

AMEX probably will care about the BK and will deny you. But they care more about income and ability to pay. If you have high income then you might get approved.

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Pete838
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Postby Pete838 » Sat Dec 18, 2010 4:32 pm

I think the important question is did you have any AMEX debt included in the bankruptcy? If there was no Amex debt and the bankruptcy is old enough that it is no longer on your CR, you may be OK.
Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.
Ronald Reagan

craigm1
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Postby craigm1 » Sat Dec 18, 2010 9:17 pm

had a bankruptcy in 94 and had a gold amex and optima that were part of the bankruptcy and 2 years ago got a amex blue sky and just had that switched to a blue cash with a $3800 limit keep in mind I have an income of over 125k a year don't know if that helped
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Cucumber
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Postby Cucumber » Sun Dec 19, 2010 2:47 pm

I have read multiple places on here that it's impossible to get approved for an Amex with a bankruptcy, if Amex was part of it. That's sweet that you got a approved for a Blue after a bankruptcy :D :D I guess you have to wait until the BK falls off your credit history before you can get one again.
OBAMA
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infomaniac
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Postby infomaniac » Sat Jan 08, 2011 3:16 pm

Please explain which credit score is 699 and why it varies greatly from the other two.

DoingHomework
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Postby DoingHomework » Mon Jan 10, 2011 2:34 pm

I don't know if a BK will necessarily disqualify you for an AMEX. They do play by their own rules though and they are likely to ask you about the BK even if it is not on your credit report. Lying about that is a felony and would get you denied anyway. All you can do is be honest and hope for the best.

I have an AMEX and have dealt with them as a merchant - I have a merchant account with them to charge on AMEX cards. They are very professional in my experience but they are also conservative and risk averse. Frankly, $125000 in salary is high, but if you are single and they see that you are only going to charge $25000 a year in total they might not think the fees are worth the risk.

I would go ahead and apply. If I had to make a prediction I'd say you will be approved based on your scores and the BK being so long ago. But predicting what AMEX does is difficult.

Tecboy1138
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Postby Tecboy1138 » Wed Apr 13, 2011 7:59 pm

**UPDATE**Reviving this Post

Ok so you guys kinda scared me and I held off on applying - my credit score as of today is
Experian - 771 Equifax - 766 TransUnion - 747 I'm single and make between 60-70K a year. The Bankruptcy is no longer on my score according to all three reports - which card do you guys think I should apply for Blue? Green? or another? Thanks!!

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Pete838
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Postby Pete838 » Fri Apr 15, 2011 8:36 am

Premier Rewards Gold or Platinum if you're looking for a charge card, Starwood if you want credit
Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.
Ronald Reagan

Tecboy1138
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Postby Tecboy1138 » Mon Apr 18, 2011 7:51 pm

I just wanted to thank everyone for their great advice - I was accepted no problem [my numbers at time of approval were 783/766/757] I played it safe and applied for the Green Card and was told in 13 months I can request an upgrade to the Platinum - sweet!



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