American Express said they could give me an instant decision on my credit card application in 60 seconds, and I was putting this claim to the test. Now it was time to raise the stakes.
INSTANT APPROVAL TEST #2: BLUE FROM AMERICAN EXPRESS
I filled out the same approval form, with exactly the same information, but now I made Horace Greenwaffle a slightly more affluent drug dealer, earning $62,200 per year.
This time I read the fine print, which said I would be charged an APR of 15%, 17%, or a whopping 19%, depending on whether they trusted a drug dealer.
When I hit “Submit,” this time the answer came in just eight seconds. But guess what? There was no decision!
My pulse began to race, thinking I had proven that American Express could not give me a “decision in 60 seconds” … but then I saw the option to find out immediately. (So why didn’t they just tell me in the first place?)
I clicked through and found the answer: DENIED AGAIN!
Apparently, there was some bad credit in Horace Greenwaffle’s past that kept them from approving him, even with his $62,200 annual salary. Here’s a respectable middle-class drug dealer, haunted by his past credit history and in need of a credit monitoring service and maybe even a bad credit credit card offer.
Well, what if he made ten times that much? Then I was sure it would be much harder for Amex to turn him down. And I was right.
- Instant Frustration: The Instant Approval Credit Card Experiment
- Instant Frustration: The Instant Approval Credit Card Experiment – Part 3
- Where can I get instant business credit card approval?
- Are Instant Approval Credit Card Applications Really Instant?
- American Express Blue for Students
- Instant Approval Credit Cards
- Is it possible to find instant online approval credit cards?