Trying to get my 1st Amex card. Advice

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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lobbythis
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Postby lobbythis » Wed Dec 31, 2014 1:06 am

p51 wrote:Thanks for the info. I probably won't be applying for any new cards until the spring (at the earliest)


You got the PRG. You are fine.

babybear is a troll from MyFICO and most likely referring to the Delta Gold card which is the junkiest card they offer. Don't ever waste a hard pull on useless cards.


p51
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Location: Boston, MA

Postby p51 » Wed Dec 31, 2014 8:40 am

lobbythis wrote:You got the PRG. You are fine.

babybear is a troll from MyFICO and most likely referring to the Delta Gold card which is the junkiest card they offer. Don't ever waste a hard pull on useless cards.


Great info. Thanks
Capital One secured opened May 2012 -- $1401 ($1200 of my own money to increase limit) I will be closing this as soon as I qualify for an AMEX Simply Cash business card (hopefully this summer).
Amex PRG opened Nov 2014 -- No preset spending limit
Chase Freedom Nov 2014 -- $4000
Bank of America Cash Rewards Nov 2014 -- $2500

popamode72
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Location: Atlanta, GA

Postby popamode72 » Wed Dec 31, 2014 10:03 am

Delta card for me was mainly good for getting in with Amex and the 30K sign up offer they had at the time and that was about it. I hardly even use the card now and am itching to have the limit consolidated with my other Amex cards so I can finally close it. It's just there for utilization padding and it's sitting in the SD at this point.

If you really want a travel card from Amex that's a revolver too, I'd take a closer look at the SPG card or Hilton cards anyway.
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)

JNK
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Postby JNK » Wed Dec 31, 2014 8:29 pm

p51 wrote:Thanks for the info. I probably won't be applying for any new cards until the spring (at the earliest)


With your new three cards, I would strongly recommend utilizing the cards you now have and holding off on any more new cards and hard pulls for a little while unless you absolutely have to in the interest of preserving your newly rebuilt credit.

New cards equate to hard pulls and hard pulls equate to point deductions and it also affects your average age of account.

These things aren't such big deals if you have a more established credit profile, but when you are in a more delicate state of rebuilding and hovering in numbers and have a thinner positive credit file, you might want to be a bit more careful about these things.
Personal Collection:

AMEX: Everyday (MR), Macy's (cobranded)
MASTER: Citibank Dividend Platinum Select (non-World version)
VISA: Chase Amazon Signature, Chase (bank issued)
GE: Care Credit (medical expenses), Macy's (store), JCP (store)


Business Collection:

AMEX: Costco True Earnings
MASTER: None
VISA: Chase Ink Cash

p51
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Joined: Sat Nov 15, 2014 11:11 pm
Location: Boston, MA

Postby p51 » Thu Jan 01, 2015 10:52 pm

JNK wrote:With your new three cards, I would strongly recommend utilizing the cards you now have and holding off on any more new cards and hard pulls for a little while unless you absolutely have to in the interest of preserving your newly rebuilt credit.



Thanks for the advice. I won't be looking to add any cards for at LEAST 6 months..maybe longer. Started a small business recently and want to get a business credit card for that.
Capital One secured opened May 2012 -- $1401 ($1200 of my own money to increase limit) I will be closing this as soon as I qualify for an AMEX Simply Cash business card (hopefully this summer).
Amex PRG opened Nov 2014 -- No preset spending limit
Chase Freedom Nov 2014 -- $4000
Bank of America Cash Rewards Nov 2014 -- $2500



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