Do you think I will get approved for Gold?

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Snowman
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Postby Snowman » Fri Feb 22, 2013 1:29 am

Well your score will only go down because of the new account/inquiry, but not because you were approved for a charge card. The inquiry will hurt your score for the first six months and then the Impact will lessen and after a year, there will be no impact if you apply for credit. To Amex, they only care about on-time payments and your history with them. I personally charge 100-200 on my PRG and just pay it off every month, and they seem to have no issue with it. Just don't go crazy and spend away, they do have an Internal limit for you, and also don't mess with the check your spending ability to much if you get approved. Amex probably will get a trigger in their system and will review your financial and tax information and freeze your accounts before deciding what to do with it. Use it wisely. You don't want an FR.
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VisaSpeak
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Postby VisaSpeak » Fri Feb 22, 2013 11:16 am

when does amex generally have the best promotions for Amex gold? Now its 50k points when spending 1k in 3months.

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djrez4
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Postby djrez4 » Fri Feb 22, 2013 12:40 pm

You won't get a better bonus. If you're in, do it now.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

VisaSpeak
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Postby VisaSpeak » Fri Feb 22, 2013 6:22 pm

Is it acceptable to put expected future income on an application?

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djrez4
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Postby djrez4 » Fri Feb 22, 2013 11:05 pm

VisaSpeak wrote:Is it acceptable to put expected future income on an application?


No. You have sufficient income listed in your first post for approval.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]

[/RIGHT]

VisaSpeak
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Postby VisaSpeak » Fri Feb 22, 2013 11:17 pm

how much will my credit drop if i get denied? IF CK says im at 750-760 that means my real score has to be at least 700+. Is it worth the risk?

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djrez4
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Postby djrez4 » Sat Feb 23, 2013 9:08 am

It'll drop between 5-10 points for about 6 months, but that may be balanced by an increase in score for having a larger number of accounts open.

Now, seriously, buddy: All of this information is readily available in any number of places. If you're looking for a bunch of knuckleheads on an internet forum to reassure you that applying for the PRG is the right thing to do, we can probably oblige. Whether it's really the right card for you depends on you, not us.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]

[/RIGHT]

VisaSpeak
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Postby VisaSpeak » Sat Feb 23, 2013 2:01 pm

is there a min. monthly spend amount?

Moneytalks
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Postby Moneytalks » Sat Feb 23, 2013 10:14 pm

VisaSpeak wrote:is there a min. monthly spend amount?


Nope, I thought there was. No "shadow spending minimum". That's just Amex's really good marketing haha, it's just like any card, spend what you want, pay it off, rinse, repeat :)
Wallet: Amex BCE & Chase Freedom. (Credit Card dieting since 2014)

0_to_60
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Postby 0_to_60 » Sun Feb 24, 2013 1:57 am

my fico score was 721 weeks ago, when i applied for chase freedom it dropped down to 702 with hard inquiry and a new account



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