last debate to pull amex trigger, advice needed

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
14 posts
mojobones89
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last debate to pull amex trigger, advice needed

Postby mojobones89 » Thu Feb 28, 2013 12:16 pm

Ex fako=735
Eq fako=727
Tu fako=725
Cc's=9
0Aaoa=1.4
Oldest accounts=3.4 years
Util=26%
Total cc credit=15,100
Total cc debt= 3,970
Car loan remaining bal.=11.5k
Installment loan=4.5k
Installment loan remaining=4k
Installment loan opened in dec.2012
2 new cc account open dec.2012,jan2013
No baddies,no negative records
15 total inquires within last 2 years
6 inquiries within the 12 months,the rest will fall off this year.
Income=50k


mojobones89
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Location: fort riley

Postby mojobones89 » Thu Feb 28, 2013 1:19 pm

Correction
Tu fico=740
Eq fico= 744
Ex fako=735

cashback
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Posts: 793
Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Postby cashback » Thu Feb 28, 2013 2:13 pm

go for it...
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

CC Deville
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Location: Phoenix

Postby CC Deville » Thu Feb 28, 2013 2:34 pm

While AMEX does take many factors into consideration when reviewing applications, they have their own internal scoring system. Whereas other banks would downright decline you based on your inquiries or length of credit history, AMEX might not.

I did not bother to look for any other threads started by you so I do not know if you are going for a charge card (Green, Gold, PRG) or a revolver, but you deffinitely have a shot at a charge card.

I second cashback's sentiment...go for it.

Barack Obama
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Postby Barack Obama » Thu Feb 28, 2013 2:40 pm

I got an Amex credit card with an Ex FAKO of 710 and 1.6 years of credit history and a reported income of 32k/year. I think you've got a good chance.

The only differences between you and I is that the only debt I have is a pair of subsidized student loans which are deferred until 2015 totaling about 4k and I had 4 hard inquiries prior to getting the Amex card.

TheLethargicAge
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Location: Miami, Cuba

Postby TheLethargicAge » Thu Feb 28, 2013 2:46 pm

mojobones89,

Hold your fire!

26% utilization is too high, way too many recent inquiries, and 2 brand new accounts might give them an excuse to turn you down. I'd say wait for a few of the inquiries to fall off your report, wait for your furniture loan to report as paid off, and try to get some of your other limits increased. I'd recommend putting as much as you can on the Freedom (send multiple payments every month if you have to) to see if you can get a CLI on it.
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)

mojobones89
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Postby mojobones89 » Thu Feb 28, 2013 3:24 pm

cashback wrote:go for it...

That confident?over the phone or internet?

mojobones89
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Postby mojobones89 » Thu Feb 28, 2013 3:26 pm

CC Deville wrote:While AMEX does take many factors into consideration when reviewing applications, they have their own internal scoring system. Whereas other banks would downright decline you based on your inquiries or length of credit history, AMEX might not.

I did not bother to look for any other threads started by you so I do not know if you are going for a charge card (Green, Gold, PRG) or a revolver, but you deffinitely have a shot at a charge card.

I second cashback's sentiment...go for it.


I have my eyes on the prg
And with my aaoa decreasing from 2 years to ,1.4 worries me alongside with my 6 inq within the last 12 months

mojobones89
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Postby mojobones89 » Thu Feb 28, 2013 4:21 pm

A few more currection

My newest that i opened actually were started on NOVEMEBER 2012,both new credit cards and installment loan
My balance on my installment loan is actually 3,800.

ncosky290
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Location: Minneapolis

Postby ncosky290 » Thu Feb 28, 2013 4:48 pm

Go for it. Worse they can say is no... If they don't give you an decision instant just go to the online status checking website and it will tell you.
-AMERICAN EXPRESS DELTA GOLD SKYMILES - AMERICAN EXPRESS EVERYDAY -AMERICAN EXPRESS PLATINUM - CITI DOUBLE CASH - CITI PLATINUM AADVANTAGE - CITI THANK YOU PREFERRED - BARCLAYCARD ARRIVAL PLUS - DISCOVER IT - CHASE SAPPHIRE PREFERRED-



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