is it possible?

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5 posts
theguy
 
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is it possible?

Postby theguy » Fri Apr 17, 2015 11:29 pm

Hi all, I'm 18 and my first card was a VISA cash rewards card with a 2.5K limit about a couple months ago. my credit score is about a 725, is it possible for me to get accepted for a blue cash preferred rewards card? Ps - Im also an authorized user of a AMEX Gold Card if that helps?


JamesMS
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Location: Fort Worth, TX

Postby JamesMS » Sat Apr 18, 2015 10:31 am

Is it possible, yeah, anything is possible. The fact that you are an authorized user could help the situation, but there is no "guarantee" of anything. The fact is, you have a very thin credit file. By having a thin file, your score, as good as it seems to you does not mean as much. How long have you been an AU on the gold card? Is there anything else on your credit report, good or bad? Which report is that score from? Where did you pull it from? How many inquiries do you have? What is the utilization on your current card? There are so many factors that go into getting approved or denied. It is not as simple as my score is!

If you want the card and believe that you have a good chance of getting approved, then apply for it and see what happens?
Main Cards:
Amex BCE
Amex Everyday
Bank of America Cash Rewards
Chase Freedom
Capital One Quicksilver
Citi Thank You Preferred

Spark Cash Back (Business), Amex Plum (Business)

popamode72
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Postby popamode72 » Sat Apr 18, 2015 11:56 am

theguy wrote:Hi all, I'm 18 and my first card was a VISA cash rewards card with a 2.5K limit about a couple months ago. my credit score is about a 725, is it possible for me to get accepted for a blue cash preferred rewards card? Ps - Im also an authorized user of a AMEX Gold Card if that helps?

Wait until you have at least six months of history on experian and a fico and then you can apply for it and the discover it student card. Go from there and if chase and Barclay's interest you, you can go for those when you have roughly a year of revolving history. Good luck.
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)

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CarefulBuilder14
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Postby CarefulBuilder14 » Sun Apr 19, 2015 10:23 am

I agree that it would be good to wait until you have 6-7 months of history.

I wouldn't be surprised if Amex mails you a special signup offer around then.

This is assuming you have no bad marks, some income, and that the Gold card you're an AU on is in good standing.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

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Snowman
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Postby Snowman » Sun Apr 19, 2015 11:23 am

I got my first AMEX after 7 months of history. I mean, hey you can apply and see where it goes...but If I were you, I'd wait. I'd go for a charge card first, because the BCP is one of the harder cards to get.
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Discover: More-7k
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.



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