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  • FIRST POST
    • pinkcocktail82
    • By pinkcocktail82 21st Jun 18, 7:25 AM
    • 11Posts
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    pinkcocktail82
    Amex BASIC: 9/10 chances of accepting?
    • #1
    • 21st Jun 18, 7:25 AM
    Amex BASIC: 9/10 chances of accepting? 21st Jun 18 at 7:25 AM
    Hi,
    I'm on a journey of rebuilding my credit file.
    I currently have a Barclaycard initial and have managed it well for over a year. I want to apply for the American Express Basic in order to pay for petrol & work expenses every month, and of course as it's a charge card, repay in full every month.
    American express's eligibility calculator states 9/10 chances of being accepted.
    1. Should I risk a hard search with the possibility of being rejected??
    2. Anyone else being accepted / rejected based on 9/10 on the eligibility calculator?

    Thanks.
Page 1
    • zx81
    • By zx81 21st Jun 18, 8:20 AM
    • 24,360 Posts
    • 27,153 Thanks
    zx81
    • #2
    • 21st Jun 18, 8:20 AM
    • #2
    • 21st Jun 18, 8:20 AM
    1). Yes. It's one search, so not really any kind of a risk.
    2) Yes. People have been both accepted and rejected with those odds.
    • pinkcocktail82
    • By pinkcocktail82 21st Jun 18, 10:30 AM
    • 11 Posts
    • 3 Thanks
    pinkcocktail82
    • #3
    • 21st Jun 18, 10:30 AM
    • #3
    • 21st Jun 18, 10:30 AM
    Thanks, I'll weigh it up.
    • GM1880
    • By GM1880 21st Jun 18, 12:58 PM
    • 169 Posts
    • 66 Thanks
    GM1880
    • #4
    • 21st Jun 18, 12:58 PM
    • #4
    • 21st Jun 18, 12:58 PM
    I was in almost exactly the same boat, a 4 year old, settled default, but with a highish salary. They said 9/10 for the BA Premium Amex and confirmed it with a £5.7k limit.
    • pinkcocktail82
    • By pinkcocktail82 21st Jun 18, 1:09 PM
    • 11 Posts
    • 3 Thanks
    pinkcocktail82
    • #5
    • 21st Jun 18, 1:09 PM
    • #5
    • 21st Jun 18, 1:09 PM
    That's interesting, ok my salary isn't high hence just applying for the basic. If accepted they may apply a cap on it which would be fine.
    • rpg481
    • By rpg481 12th Nov 19, 10:15 PM
    • 7 Posts
    • 0 Thanks
    rpg481
    • #6
    • 12th Nov 19, 10:15 PM
    • #6
    • 12th Nov 19, 10:15 PM
    Do you mind sharing if you got accepted?
    • Gary_Dexter
    • By Gary_Dexter 12th Nov 19, 11:04 PM
    • 6,983 Posts
    • 4,645 Thanks
    Gary_Dexter
    • #7
    • 12th Nov 19, 11:04 PM
    • #7
    • 12th Nov 19, 11:04 PM
    For what purpose?
    • PRAISETHESUN
    • By PRAISETHESUN 13th Nov 19, 10:52 AM
    • 1,406 Posts
    • 763 Thanks
    PRAISETHESUN
    • #8
    • 13th Nov 19, 10:52 AM
    • #8
    • 13th Nov 19, 10:52 AM
    Do you mind sharing if you got accepted?
    Originally posted by rpg481
    It's not really going to mean anything anyway, since the 9/10 "chance" is dependant entirely upon your own personal circumstances. How other people compare to you is like comparing apples to oranges type of thing. As above people have been both accepted and rejected with those odds, so the only way to know for sure is to apply.

    I'd say take a punt and apply. A single search on an otherwise clean file will have no lasting impact, just don't make the mistake of immediately going out and applying again elsewhere if you get rejected. Just wait a few months if that happens before applying again.
    • adindas
    • By adindas 13th Nov 19, 12:14 PM
    • 4,232 Posts
    • 2,708 Thanks
    adindas
    • #9
    • 13th Nov 19, 12:14 PM
    • #9
    • 13th Nov 19, 12:14 PM
    For what purpose?
    Originally posted by Gary_Dexter
    I also fail to understand we the people wanted to get Amex Credit Card. It is not as widely accepted as Master or Visa CC. Is it because of prestige ?? Have I missed something ?

    Amex Platinum Cashback Everyday pay cashback. It pays 5% cashback on your first £2,000 of spending (£100 max), then 0.5% on up to £5,000/yr and 1% above this. But you need to spend at least £3,000 in a year to get any cashback to the retailer who accept Amex.

    In the spirit of MSE you will only benefit the Amex card if your spending pattern meet the requirement to earn cashback to take advantage of generous Cashback in the retailer who accept Amex. But keep in mind Amex is not as widely accepted as Master or Visa CC.
    Last edited by adindas; 13-11-2019 at 12:16 PM.
    • Gary_Dexter
    • By Gary_Dexter 13th Nov 19, 12:44 PM
    • 6,983 Posts
    • 4,645 Thanks
    Gary_Dexter
    I also fail to understand we the people wanted to get Amex Credit Card. It is not as widely accepted as Master or Visa CC. Is it because of prestige ?? Have I missed something ?

    Amex Platinum Cashback Everyday pay cashback. It pays 5% cashback on your first £2,000 of spending (£100 max), then 0.5% on up to £5,000/yr and 1% above this. But you need to spend at least £3,000 in a year to get any cashback to the retailer who accept Amex.

    In the spirit of MSE you will only benefit the Amex card if your spending pattern meet the requirement to earn cashback to take advantage of generous Cashback in the retailer who accept Amex. But keep in mind Amex is not as widely accepted as Master or Visa CC.
    Originally posted by adindas
    My reply was to the person asking a year and a half if someone was accepted or not.

    However, in light of your comment, I use my Amex cards everyday and it's rare I don't find a retailer that takes it.

    Even pop-up shops/stalls, market stalls, and the coffee van that comes round to our office takes Amex.
    • rpg481
    • By rpg481 13th Nov 19, 1:24 PM
    • 7 Posts
    • 0 Thanks
    rpg481
    The only reason why I was asking is because a month ago, I tried applying for a platinum card, before that I used the AMEX elegibility check which gave me a 8/10 chance, so I thought why not give it a go and I got denied.

    Then I was thinking to myself is AMEX checking tool even accurate, so I tried using Experian Credit Card Search and WOW the chances were so much different 4/10.

    So if anyone is trying to apply for a AMEX card, I would highly recommend not using the AMEX elegibility check.
    • boo_star
    • By boo_star 13th Nov 19, 1:39 PM
    • 2,889 Posts
    • 2,223 Thanks
    boo_star
    The only reason why I was asking is because a month ago, I tried applying for a platinum card, before that I used the AMEX elegibility check which gave me a 8/10 chance, so I thought why not give it a go and I got denied.

    Then I was thinking to myself is AMEX checking tool even accurate, so I tried using Experian Credit Card Search and WOW the chances were so much different 4/10.

    So if anyone is trying to apply for a AMEX card, I would highly recommend not using the AMEX elegibility check.
    Originally posted by rpg481
    So Experian, who don't lend money, know better than the lender themselves how likely they are to lend to you?

    You had an 8/10 chance of being accepted, or to put it another way, 2 in 10 people with data similar to yours are declined. You were one of the two. It hardly makes the AMEX checker "inaccurate."
    • rpg481
    • By rpg481 13th Nov 19, 2:25 PM
    • 7 Posts
    • 0 Thanks
    rpg481
    When I found out that I had a 8/10 chance, I already had an expectation that there might be a chance I could be rejected.

    I just wished more companies would just give a simple Yes or No answer while using eligibility checkers.
    • boo_star
    • By boo_star 13th Nov 19, 2:31 PM
    • 2,889 Posts
    • 2,223 Thanks
    boo_star
    When I found out that I had a 8/10 chance, I already had an expectation that there might be a chance I could be rejected.

    I just wished more companies would just give a simple Yes or No answer while using eligibility checkers.
    Originally posted by rpg481
    They can't give a yes or no answer because they haven't performed a full credit check.
    • Gary_Dexter
    • By Gary_Dexter 13th Nov 19, 2:33 PM
    • 6,983 Posts
    • 4,645 Thanks
    Gary_Dexter
    When I found out that I had a 8/10 chance, I already had an expectation that there might be a chance I could be rejected.

    I just wished more companies would just give a simple Yes or No answer while using eligibility checkers.
    Originally posted by rpg481
    You fell into the 2/10 category that didn't qualify for the card for whatever reason.

    Besides, you tried the Experian checker AFTER applying for the Amex card.
    • rpg481
    • By rpg481 13th Nov 19, 3:19 PM
    • 7 Posts
    • 0 Thanks
    rpg481
    Oh well, it doesn't really matter now I will wait for six months and try another provider.
    • ratechaser
    • By ratechaser 13th Nov 19, 8:53 PM
    • 630 Posts
    • 538 Thanks
    ratechaser
    My reply was to the person asking a year and a half if someone was accepted or not.

    However, in light of your comment, I use my Amex cards everyday and it's rare I don't find a retailer that takes it.

    Even pop-up shops/stalls, market stalls, and the coffee van that comes round to our office takes Amex.
    Originally posted by Gary_Dexter
    Hear hear. AMEX really is the marmite of cards on this board but the 1.25% that the platinum cashback card offers is a clear market leader, assuming you spend a reasonable amount, pay it off, and have a backup for anyone that doesn't take it (plus overseas spending) - I've got John Lewis and Nationwide for that purpose (JL being great for currency in their shops too).

    Horses for courses but 80-90% of my UK spend goes on Amex, and it will be close to £1k of free money out of them this year. Why on earth not...?
    • Ben8282
    • By Ben8282 13th Nov 19, 8:59 PM
    • 4,315 Posts
    • 2,377 Thanks
    Ben8282
    Hear hear. AMEX really is the marmite of cards on this board but the 1.25% that the platinum cashback card offers is a clear market leader, assuming you spend a reasonable amount, pay it off, and have a backup for anyone that doesn't take it (plus overseas spending) - I've got John Lewis and Nationwide for that purpose (JL being great for currency in their shops too).

    Horses for courses but 80-90% of my UK spend goes on Amex, and it will be close to £1k of free money out of them this year. Why on earth not...?
    Originally posted by ratechaser
    Yes thats fine for you but most people won't be spending £80,000+ on their card in a year.
    • Gary_Dexter
    • By Gary_Dexter 13th Nov 19, 9:10 PM
    • 6,983 Posts
    • 4,645 Thanks
    Gary_Dexter
    It’s not just made up of card spend.

    It’s also the Amex Offers such as £XXX back on a £XXX spend and so on.

    You can easily rack up rewards and cashback from these alone.
    • deedee1310
    • By deedee1310 16th Nov 19, 6:01 PM
    • 23 Posts
    • 1 Thanks
    deedee1310
    Hi,
    I'm on a journey of rebuilding my credit file.
    I currently have a Barclaycard initial and have managed it well for over a year. I want to apply for the American Express Basic in order to pay for petrol & work expenses every month, and of course as it's a charge card, repay in full every month.
    American express's eligibility calculator states 9/10 chances of being accepted.
    1. Should I risk a hard search with the possibility of being rejected??
    2. Anyone else being accepted / rejected based on 9/10 on the eligibility calculator?

    Thanks.
    Originally posted by pinkcocktail82
    Congratulations on your journey. I'm on the same one and have a year to go before everything is finally normal.

    I too used the Amex Eligibility checker and got a 9/10 for the Basic Card. I was a 6/10 for the BA Amex Credit Card. I applied for that one as I wanted the chance to earn Avios points. It was referred but I called yesterday and was told that the card was on its way with a £1K limit.

    I'm happy as I didn't think I'd get it - I've been rejected before but my last application was in 2017. Not sure what your credit history and or income is but I have three defaults that fall off in Mar 2020, July 2020 and Nov 2020 and earn £45K plus.

    I'm looking at the Platinum Cashback in 2021, once I've established some history with them and after we have re-mortgaged.

    Let us know what you decide to do and the outcome.
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