Credit Scores for Amex Green

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nolareb
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Credit Scores for Amex Green

Postby nolareb » Fri Aug 17, 2012 9:36 pm

What are the average credit scores getting approved for this card? Guy I work with recently got one with a score in the 650's. I know everyone's situation is unique, but given my fako scores are in the 650's and only open credit card I have is a chase freedom what are my chances for approval? Also, does anybody know the success rate for reconsideration calls with amex?


Crashem
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Postby Crashem » Fri Aug 17, 2012 9:42 pm

Recon doesn't really work with Amex unless something is off on info. For example, collection account that isn't correct or lots of inquiries but from mortgage. You fako doesn't really tell us anything. How long have you had chase and what limit and balance? Any negatives?
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

nolareb
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Postby nolareb » Fri Aug 17, 2012 10:12 pm

Only had Chase card for a couple months and balance is min at $500, which I pay in full each month. My negatives are all from three years ago and were paid. Nothing currently in negative status. My thinking is to show a good payment history on the chase card for the next three months and then apply for the green card. Hopefully by this time my credit score would have gone up. Should I wait to apply or do I have a chance three months from now?

SignHere
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Postby SignHere » Fri Aug 17, 2012 10:44 pm

Is there any reason you want Green first? At $95/year, you could app for a Zync (which is easier to obtain to begin with) and add a couple packs to double your points. When you are ready to start cashing in your points, you can then app for the Green and your express points will convert to regular MR points. With the green you will have no chance of getting double points on anything. Just a thought to consider!
Amex PR Gold - NPSL (Daily) [8/2012]
Amex Zync - NPSL (Ex-Daily) [10/2010]
Amex BCE - 19.2k [8/2012]
Chase Freedom Visa - 5k [8/2012]
PSECU Visa/PSL - 20k [9/2012]

Crashem
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Postby Crashem » Fri Aug 17, 2012 11:28 pm

6 months with one card is dicey for green. Only would consider if I lived in same place a years and well paying and same employer for a while. If you want Amex this year, zync would probably be the one to get given your credit.
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

nolareb
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Postby nolareb » Fri Aug 17, 2012 11:59 pm

I want the green because from what I hear you can't upgrade from zync to green, but rather re apply. Also from what I've read zync's points aren't as valuable as green and above. I would rather wait until I was in a position to be approved for green rather than pay for all the extra packages to earn extra points on the zync. I read an article comparing ccards and it stated that if you were to purchase all the packages on zync you would spend upwards of $100 annually and you are capped at a certain dollar amount($1500 if I remember correctly)at which you could earn in each category. With that being said if I decided to start a history with amex today and apply for the zync what are my chances based on the info I've given?

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djrez4
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Postby djrez4 » Sat Aug 18, 2012 8:49 am

I wrote a successful reconsideration letter to Amex, but it included noticing them of an $8000 line of credit that was two years old and not reporting to the Experian. I don't know how much success you'll have.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

SignHere
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Postby SignHere » Sat Aug 18, 2012 8:55 am

nolareb wrote:I want the green because from what I hear you can't upgrade from zync to green, but rather re apply. Also from what I've read zync's points aren't as valuable as green and above. I would rather wait until I was in a position to be approved for green rather than pay for all the extra packages to earn extra points on the zync. I read an article comparing ccards and it stated that if you were to purchase all the packages on zync you would spend upwards of $100 annually and you are capped at a certain dollar amount($1500 if I remember correctly)at which you could earn in each category. With that being said if I decided to start a history with amex today and apply for the zync what are my chances based on the info I've given?


What else do you have on your credit report? Any other loans, baddies (late payments, etc)? Current income matters as well. But, your credit score is in-line with scoring a Zync, but the other factors will come into play. Amex will look away if you have a couple late payments on say a student loan 2 years ago, but too many lates may make them a bit weary.

Some of your info is correct, but you also have been mislead slightly. Yes, if you add EVERY single Zync pack, you will be paying a lot, but that is not that point. Just add the connect pack (only if you pay your own cable/internet/phone bills) if not don't add it. If you eat out a lot, add the restaurants pack. A few packs are also free such as the eco pack that double your points if you shop at 'green' stores. Stuff like that. Home pack gets you a $20 lowes gift card for free each year and the pack only costs $15, so that pack pays for itself. If you have no use for any of the packs, then I could see your point but at the same time, if you are not running thousands through it a month, you will not see redeemable rewards for a while so it would not really matter which charge card you went with so you might as well save some cash on the AF. Yes, you only get express points with Zync, however, when you decide to upgrade (which is probably about when you will start spending more through the card) then those points accumulated will convert (1:1) to the more valuable point system. Meanwhile, you saved the extra cash in annual fees. As for the 1,500 spend limit, completely false. I have run over $8,000 a month, even put my car downpayment ($5,000) through my Zync. You spend ability is based on your income, payment history, credit history, and monthly spend history.
Amex PR Gold - NPSL (Daily) [8/2012]

Amex Zync - NPSL (Ex-Daily) [10/2010]

Amex BCE - 19.2k [8/2012]

Chase Freedom Visa - 5k [8/2012]

PSECU Visa/PSL - 20k [9/2012]

Money card
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Postby Money card » Sat Aug 18, 2012 9:39 am

To answer Nolareb scores I would say this is if you have a higher level bank (when American express looks at your credit report all it says is what Bank names are on there it won't say dividend, , Thankyou , More , Miles ect) like chase, citibank, capital1 or Bank of America
plus a Discover card
so a Major bank card and a Discover card then you should be able to get a Green card.

Crashem
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Postby Crashem » Sat Aug 18, 2012 10:44 am

Money card wrote:To answer Nolareb scores I would say this is if you have a higher level bank (when American express looks at your credit report all it says is what Bank names are on there it won't say dividend, , Thankyou , More , Miles ect) like chase, citibank, capital1 or Bank of America
plus a Discover card
so a Major bank card and a Discover card then you should be able to get a Green card.


Moneycard, 98% of Amex apps are never viewed by a person. Fico scoring models ignore who the issuing bank is. A credit line is a credit line to them. Amex does seem to occasionally not like certain issuers like first premier. Amex gives cards on a computer scoring model. Credit union, bank abc, etc doesn't matter to it. What matters is payment history, history of credit, utilization 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



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