Blue Cash approval insight

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Postby Money card » Sun Sep 11, 2011 1:44 pm

cambridgechica wrote:@prosper81 - do you also have a green card like meatfox?

i am curious because i'd like to apply for a green or gold card at some point to get my foot in the door with AmEx and ultimately apply for a blue cash. i'm trying to gauge if having a charge card increases your likelihood of getting approved for a credit card.


The answer is yes. Having a green card is very good for your credit report. It should help you get any credit card in the world (within reason of course) because you pay your bill in full. The other way around might not work.L et's say you started out with Bue Cash and your other cards, but now you want a premium card that a lot of businessmen carry. I can't guarantee you would get a green card even if you have a blue cash.

But I can guarantee that if you have the Green Card with your other cards and you want a Blue Cash it will work.


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Postby Money card » Sun Sep 11, 2011 1:58 pm

meatfox wrote:Just got the card in the mail. I got a $2000 limit, for those interested. Any more advice on upping my limit after 60 days?


This is what I would do if I were you. Use your card but don't spend 1,000 a month if your limit is 2,000, even if you can afford it easily. My suggestion would be for you (because your income and spending is a lot different than everybody elses) is to spend $500.00 a month, pay it back in full some months 500 some 450 and others 100 to 350. after American Express sees this they will raise your credit limit.
You have to be patient and can't expect everything to happen in 60 days.

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jumbo
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A question about approval for the Everyday version of the Blue

Postby jumbo » Wed Sep 14, 2011 3:42 am

hello all+++
I'm new here, and had an inquiry. I am pretty sure this question has been asked many times here, so I'd really appreciate if someone would help me here.
I am thinking of applying for the Blue Cash Everyday and want to know what are my possibilities to get approved.

Here is my credit situation:
Like I said I am a College student and new to credit card, I have 3 cards, a VISA, a MasterCard from Capital One, and a Discover. I always pay my balance in full. My total credit line adding all 3 cards is just $2700. My credit score is somewhere around 715/717. Average credit card age is 1.5 years.
My oldest card is VISA, I got around One year Seven months ago. The capital one and discover are rather new and they are One year old. I have 4 hard inquires.

I have had various offers from American Express for credit cards including Gold card, Zinc Card, Green card, but I never responded to those offers.

SO is there any change I will get approved for the Blue Cash Everyday. Please help, Thanks!
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Postby Money card » Wed Sep 14, 2011 10:16 pm

you might want to wait till after college just because their cards are harder to get. you have 2 capital one's and a Discover.

If I were you I would wait till after college, then try for a HSBC or Bank of America. If you get approved then you can try for a Blue Cash card.

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Postby LTomBerry » Wed Sep 14, 2011 11:59 pm

You might want to wait until your average CC age is over 2 years. Also your income will be a major factor in determining your limit, if you get a decent job with your new degree (good luck in this economy) your starting limit will be much better and you won't have to claw your way out of low limit hell. Too bad they don't offer the Blue for Students anymore, that was my first AmEx. (helped me get my new BCP backdated to 02) It was much easier to get than the current AmEx cards.

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Postby jumbo » Thu Sep 15, 2011 1:48 am

@Money card:
Actually the VISA I have is from BoA, and the MC is from capital one ... will that make any difference??.

@LTomBerry: Thanks for the suggestion. Yes its tuff for college students to get approved for credit card.

In the mean time, if NOT Blue Cash from AMEX, is there any other cash back card you guys can suggest me, that I can apply and hopefully get approved for. (preferably no annual fee :P)
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Postby Money card » Mon Sep 19, 2011 9:01 pm

jumbo wrote:@Money card:
Actually the VISA I have is from BoA, and the MC is from capital one ... will that make any difference??.

@LTomBerry: Thanks for the suggestion. Yes its tuff for college students to get approved for credit card.

In the mean time, if NOT Blue Cash from AMEX, is there any other cash back card you guys can suggest me, that I can apply and hopefully get approved for. (preferably no annual fee :P)


You have a Visa from bank of america, I would imagine a harder card to get than capital 1. If you are in college and have 3 that's good. you could wait till after you graduate. But if you are in a rush you could try for the Blue cash.

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Chances of being approved for an Blue Cash Everyday

Postby bustx52 » Tue Sep 27, 2011 6:43 am

I started at the age of 19 with a capital one card with a balance of $300 I made sure to pay a little more than the minimum payment every month and after a year and a half I was thinking about applying for something better. My credit line is $500 and I have maxed out a few times but I made sure I paid off more than the minimum balance every month and currently its paid off. So I was wondering since American Express is very strict on giving credit if I would be able to get approved for their Blue Cash Everyday Card? Thanks in advance!

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Postby cst » Tue Sep 27, 2011 8:27 pm

I'm also wondering as a younger guy at my chances for Blue Cash as well.

I'm a senior in college (21 y/o) and presently have no job (this is why I think I'm probably sunk to begin with).

Hard Inquiries:
-Apartment Rental Company in Jan (Transunion)
-Wells Fargo (for credit card) in May (Experian)
-Verizon (For FiOS) in May (Experian)

Lines of credit (all have "paid as agreed", on time, full balance every month):

Individual account, Discover since Sep 2009, $500 Credit limit
Individual Account, Wells Fargo since May 2011, $2000 CL
Authorized User, Target , Date Open 11/2005, $7,500 CL
Authorized User, Chase, Date Open 06/1999, $19,000 CL

Credit score from Wells that arrived with new card:
795, Experian as source

Credit Scores (grain of salt FAKOs from today):

Experian 703
Equifax 722
Transunion 722

Looking for: An American Express Blue card; probably not the one with an annual fee as it is unlikely that my current spend would result in rewards exceeding the annual fee.

Advice? Wait or do it?

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Postby meatfox » Tue Dec 06, 2011 4:56 pm

Just wanted to give an update to all after getting my Blue Cash Preferred card in Sept. - called the number on the back of the card last month, and upped my credit limit from $2000 to $5000 through an automated prompt - instant approval. I paid the card off in full every month, never carried a balance. Just thought some people (like myself) who were wondering about credit increases would like to know.



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