Should I bother Applying for an Amex Green Card?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
33 posts
scalar009
Green Member
Green Member
 
Posts: 8
Joined: Thu Aug 28, 2014 8:54 pm
Location: Los Angeles CA

Should I bother Applying for an Amex Green Card?

Postby scalar009 » Thu Aug 28, 2014 8:59 pm

I recently got my first BoA credit card 2 weeks ago, I was thinking of applying for the amex green charge card as I like some of the benefits. Im in college and make around 11k a year with no expenses


Should I try ? I don't want to get denied then apply again later and seem desperate...


User avatar
CarefulBuilder14
Centurion Member
Centurion Member
 
Posts: 3960
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Postby CarefulBuilder14 » Fri Aug 29, 2014 1:09 am

Amex does occasionally give charge and even credit cards to people with absolutely no credit history at all. It is certainly possible you will get it, but nothing is guaranteed. The 'secret' limit on the Green and the official limit on the credit cards would be fairly low.

I'd suggest a somewhat more conservative and conventional path - use the card you have responsibly for about 6 months and build a history with it. After 6 months, you might even get an invitation to apply (not a guaranteed approval) for the Gold or PRG with a nice signup bonus and the fee waived the first year. You can later downgrade to Green before the end of the first year. If you don't get an invitation, maybe apply for the Green after 8 months.

Though I have to wonder why a college student with (nearly) no expenses wants to pay an annual fee on a credit card. Is it just for future backdating? Or more a status thing?

Edit: You might consider a credit card specifically for college students. Discover has college student varieties of Chrome and It that are generally considered among the best student cards. Or a local or college credit union might offer something good.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May

User avatar
nismoZtuner
Centurion Member
Centurion Member
 
Posts: 1105
Joined: Thu Jun 27, 2013 12:39 pm
Location: EARTH -CA

Postby nismoZtuner » Fri Aug 29, 2014 2:13 pm

CarefulBuilder14 wrote:Though I have to wonder why a college student with (nearly) no expenses wants to pay an annual fee on a credit card. Is it just for future backdating? Or more a status thing?


I was able to get a PRG at age 20. The only reason I applied for the card was because of a child dream- I would see these fancy people on TV shows and movies with the gold card.. at age 20 (22 ATM) i went for it and was approved on the spot! - went I went to Vegas about to turn 21 y/o the bartenders thought i had stolen the card from somebody -_- once they saw an ID one of them told me "aww man is amex handing these cards out to kids now, when this old bag was denied" -he looked over 45
TU 752 (+4) - [5/9/2014] CK 726 - [11/24/14] EX 725 - [11/20/14] EQ 710
BankofAmerica Cash Rewards [2k] I American Express Blue Cash Everyday [3K] l Discover IT[2.5]
American Express Premier Rewards Gold [NPSL] I Marriott Rewards Premier [5k]
Chase Sapphire Preferred[7.3]
Inquires: TU(?) EX(?) EQ(?)
TCL-$19,800
Age-22

popamode72
Centurion Member
Centurion Member
 
Posts: 1099
Joined: Sun May 04, 2014 4:41 pm
Location: Atlanta, GA

Postby popamode72 » Fri Aug 29, 2014 2:16 pm

Main reason I got the Green card was because I was kind of afraid that I'd get denied if I tried for the PRG again and also because I didn't want to pay a big annual fee down the road to have a card that I want to occasionally use, especially if I wanna charge something and not have it affect my utilization and all that stuff but I think when I'm able to start spending a lot more later on and other stuff changes like income, I would happily upgrade to the PRG then.
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)

User avatar
nismoZtuner
Centurion Member
Centurion Member
 
Posts: 1105
Joined: Thu Jun 27, 2013 12:39 pm
Location: EARTH -CA

Postby nismoZtuner » Fri Aug 29, 2014 2:29 pm

popamode72 wrote:Main reason I got the Green card was because I was kind of afraid that I'd get denied if I tried for the PRG again and also because I didn't want to pay a big annual fee down the road to have a card that I want to occasionally use, especially if I wanna charge something and not have it affect my utilization and all that stuff but I think when I'm able to start spending a lot more later on and other stuff changes like income, I would happily upgrade to the PRG then.


try applying for it instead of upgrading- if you upgrade you might not get the sign up bonus
TU 752 (+4) - [5/9/2014] CK 726 - [11/24/14] EX 725 - [11/20/14] EQ 710

BankofAmerica Cash Rewards [2k] I American Express Blue Cash Everyday [3K] l Discover IT[2.5]

American Express Premier Rewards Gold [NPSL] I Marriott Rewards Premier [5k]

Chase Sapphire Preferred[7.3]

Inquires: TU(?) EX(?) EQ(?)

TCL-$19,800

Age-22

User avatar
CarefulBuilder14
Centurion Member
Centurion Member
 
Posts: 3960
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Postby CarefulBuilder14 » Fri Aug 29, 2014 2:36 pm

I haven't looked at my full credit report since my PRG started reporting, but some cards with soft credit limits can lead to funny reporting and a high utilization ratio hurting your credit score. I'd rather have a big limit I know about and never go near.

$95 is, in my view, a big annual fee for a card used infrequently.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May

scalar009
Green Member
Green Member
 
Posts: 8
Joined: Thu Aug 28, 2014 8:54 pm
Location: Los Angeles CA

Postby scalar009 » Fri Aug 29, 2014 3:45 pm

well i applied and got instantly declined, it said i didnt have 6 month history


oh well, will it still be possible to get one a few months from now?

popamode72
Centurion Member
Centurion Member
 
Posts: 1099
Joined: Sun May 04, 2014 4:41 pm
Location: Atlanta, GA

Postby popamode72 » Fri Aug 29, 2014 4:12 pm

nismoZtuner wrote:try applying for it instead of upgrading- if you upgrade you might not get the sign up bonus


I'll look into that. The 2x points on gas stations is something that I'd be most interested in (that alone would probably make it even more of my go to card for getting gas, then I wouldn't be that concerned about the AF cause I'd have a bigger reason to use it regularly) when it comes to that card but I don't wanna scare Amex right now.
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)

popamode72
Centurion Member
Centurion Member
 
Posts: 1099
Joined: Sun May 04, 2014 4:41 pm
Location: Atlanta, GA

Postby popamode72 » Fri Aug 29, 2014 4:30 pm

CarefulBuilder14 wrote:I haven't looked at my full credit report since my PRG started reporting, but some cards with soft credit limits can lead to funny reporting and a high utilization ratio hurting your credit score. I'd rather have a big limit I know about and never go near.

$95 is, in my view, a big annual fee for a card used infrequently.


Do you know how Visa Signature cards show up on CRs? I'm still somewhat confused about that.
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)

User avatar
nismoZtuner
Centurion Member
Centurion Member
 
Posts: 1105
Joined: Thu Jun 27, 2013 12:39 pm
Location: EARTH -CA

Postby nismoZtuner » Fri Aug 29, 2014 5:55 pm

popamode72 wrote:I'll look into that. The 2x points on gas stations is something that I'd be most interested in (that alone would probably make it even more of my go to card for getting gas, then I wouldn't be that concerned about the AF cause I'd have a bigger reason to use it regularly) when it comes to that card but I don't wanna scare Amex right now.


I see you have a discover card, hopefully you're taking advantage of the 5% quarter bonus for gas that is going on at the moment..
TU 752 (+4) - [5/9/2014] CK 726 - [11/24/14] EX 725 - [11/20/14] EQ 710

BankofAmerica Cash Rewards [2k] I American Express Blue Cash Everyday [3K] l Discover IT[2.5]

American Express Premier Rewards Gold [NPSL] I Marriott Rewards Premier [5k]

Chase Sapphire Preferred[7.3]

Inquires: TU(?) EX(?) EQ(?)

TCL-$19,800

Age-22



Return to “American Express”

Who is online

Users browsing this forum: No registered users and 2 guests