18yr old approved for Blue

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creditcruncher
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18yr old approved for Blue

Postby creditcruncher » Wed Feb 09, 2011 1:30 am

Hello all,

Long time reader, first time poster. I'm an 18 year old with 7 months of credit history, and I just got approved for a American Express Blue card. I started building my history with a BofA secured card that I am now (impatiently) waiting to turn into a regular card. I also have a Citi Platinum Select Visa for College Students, and a Capital One card with a ridiculously low credit limit that I am about ready to shred.

For all those teenagers like me out there who want to have AMEX in their wallet, there is hope; just pay your bills on time.


ashleyAMX
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Postby ashleyAMX » Wed Feb 09, 2011 8:07 am

Yeah, capital one is such a disappointment. So if you applied for 4 cards in 7 months what's your credit score. I've heard rapid application is a bad idea.

creditcruncher
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Postby creditcruncher » Wed Feb 09, 2011 10:17 am

721 with Experian and 734 with Transunion. I haven't checked my Equifax score as of late. An underwriter from American Express called yesterday to let me know that I had been approved. We got to talking and she told me that my income and credit scores were adequate for the card, the only thing that is sort of bad in their eyes was the average length of time my accounts have been established. It has gone down because of my latest accounts. But since I was approved for that card I'm assuming it might not me that bad of a thing. In light of this I will not be applying for new accounts and will just work on increasing my credit limits on the existing cards.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Tue Feb 15, 2011 10:55 pm

Congratulations. Probably the fact that you already had a few different credit cards helped tremendously.

How long have you had the BoA secured because I thought those changed to unsecured after 12 months?
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

creditcruncher
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Postby creditcruncher » Tue Feb 15, 2011 11:15 pm

I've had the BoA secured card for 8 months now. Their policy is 12 months, however I was told it could be 6-12 months when I signed up so I suppose they changed it. They are my primary bank and I have a large savings account with them, but they still refuse to budge. Policy is policy I guess.



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