Credit Card Forum
+ Reply to Thread
Page 1 of 2 1 2 LastLast
 
  1. #1
    Platinum Member
    Join Date
    Jan 2013
    Location
    NYC
    Posts
    56

    Default Can you still do a soft pull from Amex to check approval?

    I have been researching a LOT today about this and it seems all the information I've found -- even in the last 8-12 months -- is very outdated.

    If you are not an Amex credit/charge card holder, is there still a way to provide basic info to Amex and allow them to tell you what you're likely to be approved for? This feature seems to be invisible or a myth and I am afraid to go through the application process because I do not want another hard pull.

    My history is:

    -- late payments in May 2012 brought my credit from 721 --> high 500s (has gone up since)

    -- One of those late accounts was Capital One card which I thought was closed but wasn't and was recently approved for another Capital One card with a crappy $300 limit (total $800)

    -- In the last month, I've become an Amex W-word, opening a prepaid card (which supposedly helps you build a history with them and may increase your chances of an approval? rep would neither confirm nor deny that), opening a high yield savings account with $2500 deposit and will deposit $2000 every month from here forward

    -- In the last week, became add'l cardholder on my father's Amex Plat card (still waiting for that card) which I was told by a rep would make me inherit my father's account and credit history with Amex (yes, she said CREDIT) and would positively affect my score as long as the acct remains in good standing

    -- My girlfriend (who lives with me) keeps getting offers from Amex gold, so if she takes the offer and makes me an add'l cardholder, will that help or is that just overkill? She never ever ever misses a payment or does anything financially irresponsible.

    -- Perhaps most importantly, all debt is GONE and I just paid my maxed capital one bill off in full a month early... not sure how much that helps or if it's just wishful thinking that credit bureaus care about that.


    Any information is appreciated. I am trying to decode this system and patience is absolutely not a virtue of mine.

    Mike
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  2. #2
    Green Member
    Join Date
    Jan 2013
    Location
    Denver, CO
    Posts
    14

    Default

    I was looking for this as well & had no luck. I think it's been taken off the website.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  3. #3
    Centurion Member
    Join Date
    Aug 2012
    Location
    MA
    Posts
    275

    Default

    becoming a prepaid cardholder of theres pretty much puts you on their list of prospective candidates for mailings but doesnt ever guarantee you a amex revolver or charge card.

    Getting on your fathers plat is expensive but if you share the same initials and name you can certainly inherit his account once he passes on. My friend had a similar situation and as result has a plat card with membership since 1949. Very good for AAoA and your credit score but wont immediately affect yours i dont think. Let it report for a few months and check

    Becoming a authorized user on your girlfriends account is risky for her and useless for your credit score. You will only be more likely to receive card offers from Amex yourself, much like having an Amex prepaid card.

    Credit bureaus are cold bastards, dont hold it against them they can be immensely helpful and beneficial, but it all comes at a cost with a significantly growing price. Great job paying off all your debt, the late payments will hurt your score for awhile but as long as you can keep all of your accounts in good standing you should be fine in a few years.

    Regarding the main topic about finding out if you are eligible for an amex card without getting a hard pull, I would say no. There was a preapproved page on amex's website, but it hasnt worked for me in quite some time. I would also suggest you take a break from applying and not risk any more hardpulls. If you dont have any real reason to do so except build your credit it really isnt worth it especially if you are running the chance of denial. Prune your credit garden and in a year or so when your scores have recuperated and you feel like you can have complete control of your credit feel free to apply for an amex, I'm sure they would love to have you at that point.
    Amex Zync - NPSL (Cleared up to 25k)
    Amex BCE - 12000 limit
    Amex BCP - 4200 limit
    FIA Rewards Amex- 3500 limit
    Chase Freedom - 2000 limit
    Chase Slate - 2000 Limit
    BoA Cash Rewards Privileges- 3000 limit
    Barclaycard Rewards MC - 3000 limit
    Discover IT- 3500 limit
    Marriott PR- 5000 limit
    21 years old with alot of life to spend
    Its not about the ending, its about the journey,
    just as long as the ending is just as good
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  4. Platinum Member
    Join Date
    Jan 2013
    Location
    NYC
    Posts
    56

    Default

    Thanks a lot for your help. You're right. I ought to be patient here and just keep building my credit. My Experian and Transunion reports both say I have too many inquiries in the last year (when getting an auto loan last month, one dealer played a bait-and-switch type deal after getting my credit app, so I had to go somewhere else. That's the reasoning.)


    Just to clarify one thing, I was told by Amex that by becoming an add'l cardholder on my father's card, I would inherit his account history with Amex right now and that it would show up as an account on my credit report, which can only be good as long as he keeps the account healthy. I'm not sure if I would actually inherit his AAoA but that'd be awesome since he's been a member since 93.

    I have also been paying about double on my auto loan payment the last two months. Does anybody know if paying double on an auto loan will make any difference to credit bureaus or am I delusional?

    Again, thanks in advance.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  5. #5
    Centurion Member
    Join Date
    Sep 2009
    Location
    Arizona
    Posts
    776

    Default

    Paying double on your auto loan will not help you much with your score. The best thing you can do is stay patient, do not apply for any new credit and make sure you pay everything on time. You've got to let the inquiries fall off, which takes 2 years and you've got to get the late payment long in the past. Don't do anything that involves applying for new credit for at least two years. Don't change your cell phone plan, move into an apartment, change utilities, nothing!
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  6. #6
    Centurion Member Calipso's Avatar
    Join Date
    Oct 2012
    Location
    Boston
    Posts
    196

    Default

    Quote Originally Posted by DoingHomework View Post
    Paying double on your auto loan will not help you much with your score. The best thing you can do is stay patient, do not apply for any new credit and make sure you pay everything on time. You've got to let the inquiries fall off, which takes 2 years and you've got to get the late payment long in the past. Don't do anything that involves applying for new credit for at least two years. Don't change your cell phone plan, move into an apartment, change utilities, nothing!
    That's a little overkill.

    I, personally, would just stick to not apping for new credit. Not moving, changing cell phones or utilities is extreme. I don't ever recall Verizon or any of my utility companies doing a hard pull for services.
    My Limits:
    NFCU NavCheck: $15,000/NFCU Platinum: $11,500/NFCU nRewards: $8,000
    Chase Slate: $6,000/CSP: $5,000/Marriott Rewards Primier: $5,000/Chase Freedom: $4,500/
    /Southwest Primier: $3,000/Southwest Plus: $2,000
    Citi Hilton HHonors: $9,700/Citi Simplicity: $8,200/Citi Forward: $5,500
    AMEX Blue Cash Everyday: $8,000/SPG AMEX: $5,000/AMEX Everyday: $5,000/AMEX Delta Skymiles Platinum: $3,400
    Discover IT: $7,700
    Barclay's NFL Extra Points (Carolina Panthers): $5,000
    DCU Platinum: $3,000
    RTN FCU CC: $2,000
    CCCU Platinum Rewards Visa: $2,000

    Current total limit: $124,500
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  7. #7
    Platinum Member
    Join Date
    Jan 2013
    Location
    NYC
    Posts
    56

    Default

    I sort of want to wait a few months until my scores increase above 700 then at least TRY for a charge card so I can see what their issue is for denying me. I think for certain that having so many American Express services will be at least a minor factor in their system's decision making. If their system can detect I have $10k+ savings with them, that I am an authorized user on two accounts, and that I spent X amount on their crappy prepaid card every month, that should count for something. Yes I'm an optimist. :-D

    If nothing else, it will make for excellent research for anyone else trying to do what I am trying to do and make time fly.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  8. Centurion Member
    Join Date
    Aug 2012
    Location
    MA
    Posts
    275

    Default

    Quote Originally Posted by Fartanywherecard View Post
    I sort of want to wait a few months until my scores increase above 700 then at least TRY for a charge card so I can see what their issue is for denying me. I think for certain that having so many American Express services will be at least a minor factor in their system's decision making. If their system can detect I have $10k+ savings with them, that I am an authorized user on two accounts, and that I spent X amount on their crappy prepaid card every month, that should count for something. Yes I'm an optimist. :-D

    If nothing else, it will make for excellent research for anyone else trying to do what I am trying to do and make time fly.
    It may take longer to get your scores back into the 700s than you think. Regardless it is important to have a few of those inquiries drop off your history and though Amex will gladly take your money right now, it doesnt mean that they will want to lend you out any under a personal account. Get on your dads plat and then just wait for a mail offer then I would consider applying. Until then just be happy your not in mind boggling debt and have a gf willing to risk insane amounts of debt for you. you must be something special
    Amex Zync - NPSL (Cleared up to 25k)
    Amex BCE - 12000 limit
    Amex BCP - 4200 limit
    FIA Rewards Amex- 3500 limit
    Chase Freedom - 2000 limit
    Chase Slate - 2000 Limit
    BoA Cash Rewards Privileges- 3000 limit
    Barclaycard Rewards MC - 3000 limit
    Discover IT- 3500 limit
    Marriott PR- 5000 limit
    21 years old with alot of life to spend
    Its not about the ending, its about the journey,
    just as long as the ending is just as good
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  9. #9
    Platinum Member
    Join Date
    Jan 2013
    Location
    NYC
    Posts
    56

    Default

    You're right. I guess it depends if the "piggybacking" thing works, where Amex reports my name and info to the credit bureaus for this Platinum account. If they do, then I will get a huge boost based on this account's history. It is a business account that has charged $30-40k a month for the last several years.

    Just got the Platinum card last night. Doesn't feel good though since I can't use it. Says member since 13

    And yeah my girlfriend is dragging her feet but ultimately she will apply for the card this weekend because a) she lives in my apartment for free and b) I provide unlimited back rubs in 2-minute intervals (very powerful persuasion tool). Oh and something about love.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  10. #10
    Centurion Member
    Join Date
    Jan 2013
    Location
    United States
    Posts
    523

    Default

    If you become an authorized user on your father's Amex card, they will report his card information (good and bad) to your credit report. This happened to my wife and I. I have an Amex Platinum now but it began as a Gold account way back in 1989 when I got my first job after college. After my wife and I got married, we consolidated finances. She joined me on my Amex and her credit reports show that her oldest active credit is indeed that card. Also, at one point my wife was an authorized user on her mother's Amex card, but she ended the use of that card after we got married (although she had barely ever used it). Recently her credit report resurrected that her use of this card was still active (old bad data from Amex) and we have asked them to fix it. So right now, my wife's oldest credit card on her report is technically that card since it was opened back in 1983.

    Likewise, she had a Chase Slate card (now upgraded to a Freedom) which I joined as an authorized user and so that information going back to 1998 is on my credit report. We have a third card (a Bank of America World Mastercard which is being changed to a 3-2-1 card) and I am the primary. We were perplexed as to why this card wasn't on my wife's credit report only to realize that I never put her down as an authorized user (we seldom use the thing). Since putting her on as an authorized user will improve her credit score, I'm moving to correct that mistake.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

+ Reply to Thread
Page 1 of 2 1 2 LastLast
 
These forum posts are not provided or commissioned by the bank advertiser. Posts have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Advertiser Disclosure: The credit card offers that appear on this site are from credit card issuers from which CreditCardForum.com receives compensation. This compensation may impact how and where products appear on this site, including the order in which they may appear within listing categories. CreditCardForum.com does not include all credit card offers that might be available to consumers in the marketplace.