PhillyPhoto wrote:There have been a few data points to show that if you never repaid Amex, you'll be blacklisted for a very long time (if not for life). If you've paid what was owed, you should be OK and getting approved, as long as you meet whatever criteria they have for the card otherwise. A 630 score might be a little low, but the charge cards tend to be a little looser in criteria because you are required to pay it in full each month (or so I've read). There's no pre-set limit, but they will stop you from going past a certain point, which is known only to them. Charge cards all have the same underwriting, so you don't have to start with the green if you really like the PRG or even platinum, but keep the AF in mind.
What are the other reasons why your score is so low (current cards, payment history, limits, etc)? That may give some insight in to what you can do in the short-term to boost your score some.
Thanks for the reply!
My score is low mainly because of my utilization. (49% on CK, and 79% on creditscorecard). However, a couple of days ago, I got a CLI approval of 1k, and applied a payment where now my uti should be 10-15%. So once cap 1 reports it to the bureaus, my score should jump a bit.
The other reason is late payment, 3 months ago with my Wally store card, I forgot to update my payment info, and hence got a 30 late day tag.
Stupid move by me, but it will never happen again. I do want to go on a mini application spree. As I onyl have two cards (Walmart store of 150, and Cap1 with 1750 now). Looking for a travel rewards.