Delta AMEX Advice

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brantb24
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Delta AMEX Advice

Postby brantb24 » Tue Feb 10, 2015 9:40 am

Hi,
I swore off credit cards after getting into some "trouble" in the past. But, I travel for work now and would like to get the Delta AMEX. I applied, was denied a few months ago, etc.

Scores on CreditKarma are right around 700 (I know they are inaccurate). My wife and I have mortgage with 5/3 Bank. So, applied for their Rewards Card and was approved for a CL of $12.5K. Other than mortgage & auto loan, that is now my only credit card.

Trying to increase my score enough to start earning rewards on my travel. Any idea what scores are usually approved for Delta AMEX?

Thanks in advance!


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Xorand
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Postby Xorand » Tue Feb 10, 2015 3:04 pm

CreditKarma is a little more accurate now than it used to be. Someone correct me if I'm wrong, but AmEx typically uses Experian for new application credit checks. CreditKarma shows TransUnion- and Equifax-based scores now. As can be seen in my signature, my EX score is somewhat lower than the other two. CreditKarma shows a little lower than my actual FICO scores from myFICO.

With all that said, you may be close as far as credit scores. I was going to say my scores were right around 700-ish when I applied for and was approved for a Gold Skymiles card. On the other hand, I already had another AmEx card for a year prior (my well-used Blue Cash Preferred), so that might skew my application results based on personal history with the company.

You might try to reapply when you are actually purchasing a ticket on Delta. That's when I applied for mine. Not sure if that improves your chances or not.
AmEx - Platinum (NPSL) , Blue Cash Preferred ($19,000), Gold Delta Skymiles ($8,500)
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ingramjuan
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Postby ingramjuan » Tue Feb 10, 2015 8:25 pm

I was approved for the Delta Amex around 18 months ago. When applied my fico scores was around 800, no hard inquires for 2 years. And when I checked credit report it seem they only pulled from Experian. Based on several threads it seems if you are above 725 you would be ok.
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CarefulBuilder14
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Postby CarefulBuilder14 » Tue Feb 10, 2015 8:31 pm

ingramjuan wrote:I was approved for the Delta Amex around 18 months ago. When applied my fico scores was around 800, no hard inquires for 2 years. And when I checked credit report it seem they only pulled from Experian. Based on several threads it seems if you are above 725 you would be ok.


Around 800...out of 850? Unless your credit has gotten a lot worse in the last 18 months, you should have no trouble getting a Discover. Why wait? Are you hoping for a special promo?
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PlyrStar93
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Postby PlyrStar93 » Tue Feb 10, 2015 8:48 pm

No definite score for approval and denial. With 670 or 750 FICO, you can get either an approval or a denial. Try to focus on the content of your credit report.

In this occasion a CreditKarma VantageScore 3.0 score won't mean too much other than the general shape of your credit profile. It may or may not be accurate compared to FICO, which is the one most lenders use for credit underwriting. Without looking into details of algorithm, one can't just conclude a certain scoring model is "accurate" or not when comparing with another. A VantageScore here may not be helpful to determine your odds of approval. Even with a FICO, do keep in mind that it's just one among many factors that lenders use to give a decision.

So just think more about what's in your credit file. Provided you are not currently on AMEX's blacklist, you seem to have an OK shape of credit, if there is no recent late payment or derogatory mark, and you don't max out your credit card. One recent inquiry (if 5/3 Bank indeed pulled Experian on you) and one new account won't hurt so much. Additionally, the Delta AMEX is one of the relatively easier AMEX's to get, so you should have some probability to be approved.

Since you have applied for the card and were denied, there should be a reason of denial sent to you in writing. Work on the reason. Sometimes they tell you high utilization, so just reduce it. Likewise, wait patiently 3-6 months if they tell you too many recent inquiries or account age not old enough. Similarly, if they deny you based on a derogatory mark, then you might be better off getting that removed.
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popamode72
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Postby popamode72 » Tue Feb 10, 2015 9:14 pm

brantb24 wrote:Hi,
I swore off credit cards after getting into some "trouble" in the past. But, I travel for work now and would like to get the Delta AMEX. I applied, was denied a few months ago, etc.

Scores on CreditKarma are right around 700 (I know they are inaccurate). My wife and I have mortgage with 5/3 Bank. So, applied for their Rewards Card and was approved for a CL of $12.5K. Other than mortgage & auto loan, that is now my only credit card.

Trying to increase my score enough to start earning rewards on my travel. Any idea what scores are usually approved for Delta AMEX?

Thanks in advance!


It's pretty easy to get even with a thin file IMO.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

brantb24
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Postby brantb24 » Tue Feb 10, 2015 10:00 pm

Thanks everyone......

I appreciate the advice!



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