Will I qualify for an Amex? (detailed scenario)

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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NYC_Dweller
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Location: NYC

Postby NYC_Dweller » Mon Mar 26, 2012 11:22 pm

Money card wrote:But if he travels on business and the company pays the bills. it's easier to get a platinum because his/her co-workers probably have the platinum card. Where the gold card you see people all over use this card. It might be a harder card to get. as compared to the platinum, you usually see people use the card at restaurants, hotels, car rentals.

But if this person doesn't travel you might be right, it might be harder for the platinum card.


Traveling on business, traveling for leisure and not traveling at all will not determine approval or disapproval of a platinum card. If applying for a personal platinum your personal credit history will be taken into consideration not the amount of travel you do for work or your co-workers preferred card. A company may issue you a corp platinum card for travel use and in turn you may enjoy the travel perks. However, the points benefits are rewarded to the company.

Some companies offer their frequent travel employees an opportunity to have a company card within his/her name. This process is like any other credit/charge card process. Depending on company policy you may use that card for any purchases since you are solely responsible for all non business transaction. From my experiences employees mainly use this type of card within their travel per diems so it will eliminate any personal and business expenses.

Overall the amount of travel one decides will not determine approval of disapproval of a platinum card. Frequent travelers will benefit more than a less frequent traveler.


ClubMead
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Location: Florida, USA

Postby ClubMead » Tue Mar 27, 2012 9:57 am

Now when I call to do the app online, how does that work? Do I take that opportunity to explain the ding (late payment)? It wasn't really my fault (my student loans are paid for by my family business as a form of compensation, and they weren't paid for a couple of months without my knowledge), but do they actually accept that as an excuse? Worse, I could see how it could be spun to make me look worse, that I am relying on others, and I am not credit worthy on my own ...

Thoughts?
My Wallet:

AMEX Platinum - NPSL (obtained in 2012; Backdated to 1989)
AMEX Gold Business - NPSL (obtained 2006; Backdated to 1989)
Chase Sapphire Preferred - $30,000.00 (Obtained 2012)
Discover - $3,900.00 (Obtained 1994)
Bank of America - $5,000.00 (Obtained 2011)
Capital One - $7,500.00 (Obtained 2011)

Crashem
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Location: San Francisco, CA

Postby Crashem » Tue Mar 27, 2012 10:26 am

ClubMead wrote:Now when I callto do the app online, how does that work? Do I take that opportunity to explain the ding (late payment)? It wasn't really my fault (my student loans are paid for by my family business as a form of compensation, and they weren't paid for a couple of months without my knowledge), but do they actually accept that as an excuse? Worse, I could see how it could be spun to make me look worse, that I am relying on others, and I am not credit worthy on my own ...

Thoughts?


You call in the app. Don't worry about explaining anything. Once you get a decision and if it is negative, then lets talk about what you do for reconsideration. But your explanation doesn't sound great.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k

ClubMead
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Location: Florida, USA

Postby ClubMead » Tue Mar 27, 2012 10:33 am

All right ... sounds good Crashem

I am going to wait until my credit reports reflect my paying off Discover in full, and then pull the trigger

At that point I will have a 0.00% utilization rate (I pay everything else off before closing date so I don't show any utilization).

Where did you learn so much about dealing with AMEX anyway ....
My Wallet:

AMEX Platinum - NPSL (obtained in 2012; Backdated to 1989)
AMEX Gold Business - NPSL (obtained 2006; Backdated to 1989)
Chase Sapphire Preferred - $30,000.00 (Obtained 2012)
Discover - $3,900.00 (Obtained 1994)
Bank of America - $5,000.00 (Obtained 2011)
Capital One - $7,500.00 (Obtained 2011)

Crashem
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Location: San Francisco, CA

Postby Crashem » Tue Mar 27, 2012 11:38 am

ClubMead wrote:All right ... sounds good Crashem

I am going to wait until my credit reports reflect my paying off Discover in full, and then pull the trigger

At that point I will have a 0.00% utilization rate (I pay everything else off before closing date so I don't show any utilization).

Where did you learn so much about dealing with AMEX anyway ....


Actually ClubMead, put a small charge on so a little balance shows. That should be worth a few points in FICO. Also, I would start the dispute process in any case.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k

ClubMead
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Posts: 28
Joined: Thu Mar 22, 2012 12:17 pm
Location: Florida, USA

Postby ClubMead » Tue Mar 27, 2012 1:46 pm

Last thing, and then I think I can leave you guys alone until I pull the trigger in April.

In 1989 I went to Paris with my high school on an exchange trip, and my father got me a Gold AMEX with my name on it (cancelled it when I was in college when our business had some difficulty), and then about 5 years ago he gave me the Gold AMEX Business Card which I do not ever use (and did not apply for, and does not appear on my credit report) . However, it says Member Since '89. (No, not my father's member date, his says 1970 something)

So my question is, does that "89" refer back to my card from the Paris trip? Will my soon to be new AMEX (insert color here) say Member Since 1989? If so, wow, that will really increase my AAoA I assume (oldest card is currently 1994), which will probably raise my score more than the hard pull hurts it ...
My Wallet:

AMEX Platinum - NPSL (obtained in 2012; Backdated to 1989)
AMEX Gold Business - NPSL (obtained 2006; Backdated to 1989)
Chase Sapphire Preferred - $30,000.00 (Obtained 2012)
Discover - $3,900.00 (Obtained 1994)
Bank of America - $5,000.00 (Obtained 2011)
Capital One - $7,500.00 (Obtained 2011)

Crashem
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Posts: 538
Joined: Fri Mar 09, 2012 9:29 am
Location: San Francisco, CA

Postby Crashem » Tue Mar 27, 2012 3:16 pm

ClubMead,

You lucky dog! If you first established your relationship with AMEX in whatever fashion (your own card or as AU), you will get any new AMEX cards reported as: Year of member date and month of new card issue date. So in your case, 04/1989 on the cards you get in April. That will really spike your AAoA. Sometimes this can be a pain if the system doesn't catch it automatically, so make sure you can find the original card number and any other proof (the card itself or billing statements etc.).
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k

2nd_Chance
 
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Joined: Tue Dec 04, 2012 9:58 am
Location: Houston Texas

Postby 2nd_Chance » Tue Dec 04, 2012 10:01 am

If you get an online decline notification the Executive Office really helps out , also you want to fax the reconsideration letter and any supporting documentation; send it to the attention: Media Team, refer to your application # to (801)945-2884;
Response was almost immediate; my application went from declined to pending in 1 hour after faxing , then to Approved 6 hours after that.

Talking to real person and supporting documentation really does complete the story in helping AMEX personally evaluating your application rather than a computer and score.



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