Pre Selected Credit Card Offers: Chances of Approval?

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jumbo
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Pre Selected Credit Card Offers: Chances of Approval?

Postby jumbo » Mon Dec 12, 2011 4:53 pm

I have a mail in pre selected credit card offer for AMEX Gold, Green, and Zync...! If i apply for any one of those, is there a basis for checking the probability of me getting approved...

I really don't need a credit card right now, just wanna get in door step of AMEX and try to get Blue Cash card later on...

Any suggestions.!
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ooxs
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Postby ooxs » Mon Dec 12, 2011 5:56 pm

As with everything else in life, you get it when you least need or have no need for it. The chances of you being approved is 50%, if approved for the zync now in 2011, all or any other card you get from Amex will be backdated to reflect Member Since 2011. I recommend applying simply because you don't need it :-)

DoingHomework
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Postby DoingHomework » Wed Dec 14, 2011 1:27 pm

A "preapproval" is almost always made only because you fit a certain profile - belong to a certain club, subscribe a a specific magazine, signed up for certain travel information, etc. There has rarely been any credit check done except possibly a very cursory check in big consumer databases. That means that your chance of success is not much different than if you did not have the "preapproval." You have a good chance if you have good credit and a bad chance if you have bad credit. The preapproval is just meant to make you feel good. It doesn't mean very much really.


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jumbo
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Postby jumbo » Wed Dec 14, 2011 9:12 pm

looking at the replies, looks like, I'm not applying for AMEX for at least 8/10 months....
thanks for the info guys..
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