Gold Delta Skymiles Amex?

Discussion in 'Credit Talk' started by the other, Nov 13, 2000.

  1. the other

    the other Well-Known Member

    Anyone know how hard/easy it is to get the Gold Delta Skymiles American Express card?
  2. Jason-AMEX

    Jason-AMEX Guest

    Not too diffcult. No charge-offs or late payments, no BKs, open trade lines for at least 1 year with good payment history, minimum income of $20,000. Good Luck!
  3. the other

    the other Well-Known Member

    I have a good history. Here is my low down:

    No derogs. of any sort.
    Too many inquiries (obtaining mortgage between end of July and beginning of September, but I really had too many before that)
    I am a new homeowner
    Total cc debt is about 55,000, with total limits around 90,000. (But this is spread over 9 cards)
    I also have student loan debt for a total of about 40,000 (all deferred right now).
    Household income of approx. 125,000.

    I applied, but it said it would need further processing.

    I hope I get it. I have some major purchases I need to make, and would like to get the skymiles for the purchases. I know the interest rate is high, but I have the money to pay for the purchases without this card (I just want the skymiles!) I would also like to close a couple of my accounts with lower limits.
  4. dave

    dave Well-Known Member

    Just so you know, AMEX is very strict regarding recent credit inquiries and accounts with balances.

    I believe more than 3 inquiries (probably more like 2) and 40% or more owed on revolving accounts, and AMEX may decline.

    Will the decline be independent of even a qualifying FICO? I don't know. Maybe Jason could comment on that...

    What I mean is: just suppose you need a 700 credit score to be approved for the card. As long as you make 20K a year, and probably have lived and worked at the same place for a couple of years, you'll get approved.

    But maybe AMEX will see that even though the score was 700, etc. you had 10 inquiries in the past 6 months and owe 57% of your total revolving limits. They may think the latter factors are enough to decline, even with a qualifying FICO.
  5. the other

    the other Well-Known Member

    I already have the Amex Blue.

    i wonder if it will make a difference that I already have one of their cards?

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