American Express Recommendation: Need Help Suggesting a Card?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
12 posts
WillNY
Green Member
Green Member
 
Posts: 4
Joined: Mon Aug 08, 2011 11:39 pm
Location: NY

American Express Recommendation: Need Help Suggesting a Card?

Postby WillNY » Tue Aug 09, 2011 1:51 pm

I would appreciate some advice in my next credit card acquisition. I would prefer to get an AmEx card because I already have a Visa card and I've heard the AmEx customer service is top notch. I'm debating between the Blue Cash and the Zync.

I'm a recent college graduate about to start a new job. I have 5 years of credit history, I've been using a Visa card through my local credit union for the past 5 years. I started off with a credit limit of 1000 and recently had it bumped up to 5000. I've also successfully paid off a 7k car loan. I have about 20k in student loans on my credit report but between my loans, CC, and car loan, I have never missed a payment. My score (according to TransUnion) was 739.

I'd like a card with relatively easy rewards, which is what attracted me to the Blue Cash. I didn't think about the Zync until I read some good reviews. I plan on never carrying a balance so high APR doesn't scare me too much. I don't mind the low annual fee of the Zync or even the Blue Cash Preferred should I choose that route. I'm looking for a card I can use for multiple years to come to earn some basic rewards/cash back, and continue to build credit history.

I'm curious what some more knowledgeable cardholders would suggest. Is the preferred Blue Cash worth the $75 annual fee or should I stick with the Blue Cash Everyday. Or should I look into the Zync instead. I'm truthfully not as up to date on how a credit card varies from a charge card so any insight on the whole situation would be greatly appreciated.

Thanks!


CC Deville
Centurion Member
Centurion Member
 
Posts: 1075
Joined: Thu Aug 04, 2011 7:07 pm
Location: Phoenix

Postby CC Deville » Tue Aug 09, 2011 3:46 pm

Amex uses EX to decision their credit applications, so if you are in the 700s on EX you should be fine.

Are you currently employed?

Amex has a pre-approval feature:

https://www304.americanexpress.com/secure/my-special-offers?btct=SJHP_hero_ultimateapply

You enter your name and last 4 of your SSN (be sure that you have the padlock icon and or the address bar turns green to be sure you are using a secure browser) and they will do a soft inquiry to see what you are eligible for. This does not guarantee approval but it can help determine what you are eligible for.

The great thing about Amex is that they backdate subsequent accounts to your original Member Since date. So my advice is to go with Zync because it is easier to qualify for, pay the $25 annual fee and then next year apply for the Blue Cash when you have a better AAoA. Your new Blue will be backdated to 2011 even though it will be opened in 2012.

As far as Blue Cash Preferred being worth the $75 annual fee. Well, I would only recommend it if you spend a lot of money at the grocery store. If you are like most post college aged people, you will probably be best suited for the Blue Cash Everyday with no fee.

WillNY
Green Member
Green Member
 
Posts: 4
Joined: Mon Aug 08, 2011 11:39 pm
Location: NY

Postby WillNY » Tue Aug 09, 2011 5:41 pm

CC Deville wrote:Are you currently employed?

I will be starting a full time job early next month.


CC Deville wrote:The great thing about Amex is that they backdate subsequent accounts to your original Member Since date. So my advice is to go with Zync because it is easier to qualify for, pay the $25 annual fee and then next year apply for the Blue Cash when you have a better AAoA. Your new Blue will be backdated to 2011 even though it will be opened in 2012.


If I were to do this, am I right in assuming I would then have two AmEx cards? I'd like to avoid having two cards.

WillNY
Green Member
Green Member
 
Posts: 4
Joined: Mon Aug 08, 2011 11:39 pm
Location: NY

Postby WillNY » Tue Aug 09, 2011 6:53 pm

I used the pre-approval feature, and it said that "

Sorry we are unable to find any existing offers for you at this time.

If you are not a Cardmember it is possible that:
- your offers may have expired
- we are unable to find any existing offers for you based on the information that you have provided"

That's probably not good. Does this mean I don't have enough credit history, or a high enough score, or maybe I just made a mistake on the application. (Kind of hard though, its literally name, address, last 4 of your SSN)

LTomBerry
Platinum Member
Platinum Member
 
Posts: 57
Joined: Mon Apr 12, 2010 4:04 am
Location: Kansas

Postby LTomBerry » Tue Aug 09, 2011 7:28 pm

I personally think the Zync's reward system is way too screwy with all the packs you pay extra for and whatnot. I like plain and simple cashback. With your score and length of credit history, you should be able to qualify for the Blue Cash. As for which one to get - everyday or preferred, it depends on if you'll spend enough to justify the annual fee.

CC Deville
Centurion Member
Centurion Member
 
Posts: 1075
Joined: Thu Aug 04, 2011 7:07 pm
Location: Phoenix

Postby CC Deville » Wed Aug 10, 2011 6:13 pm

WillNY wrote:I will be starting a full time job early next month.



If I were to do this, am I right in assuming I would then have two AmEx cards? I'd like to avoid having two cards.


Yes, you would have two cards. However, in the long run, even if closed, the Zync will help your AAoA for 10 years until it falls off. I am considering applying for Zync in January to have an additional 1999 account for that reason.

Also, wait until the full time job starts as income is important these days when applying. Also, be very truthful when applying with Amex. They are known to randomly do financial reviews where they get your tax docs directly from the IRS. If they find that you do not make as much as you claimed they can close the account or reduce credit limits. On the other hand, I have heard of people who made more than they claimed on the application and after the FR was done they got credit line increases.....

CC Deville
Centurion Member
Centurion Member
 
Posts: 1075
Joined: Thu Aug 04, 2011 7:07 pm
Location: Phoenix

Postby CC Deville » Wed Aug 10, 2011 6:15 pm

WillNY wrote:I used the pre-approval feature, and it said that "

Sorry we are unable to find any existing offers for you at this time.

If you are not a Cardmember it is possible that:
- your offers may have expired
- we are unable to find any existing offers for you based on the information that you have provided"

That's probably not good. Does this mean I don't have enough credit history, or a high enough score, or maybe I just made a mistake on the application. (Kind of hard though, its literally name, address, last 4 of your SSN)


Yeah, that isn't good. They usually offer at least the Green card......but if your score is in the solid 700s you should be fine for a charge card. But I would certainly hold off on any of their credit cards. Again, this is why Zync is a good way to go. You get the card, pay the small annual fee (forget about trying to get rewards) and then next year when you have a little more credit history (and history with Amex) you can apply for the credit card you want and it will be backdated. It will create two cards (you can close Zync) but eventually both will help with your AAoA. My point about Zync is that it will get your foot in the door with Amex.

CCG
Centurion Member
Centurion Member
 
Posts: 151
Joined: Thu Apr 17, 2008 6:52 pm
Location: Austin, TX

Recommendations for American Express cards

Postby CCG » Tue Aug 16, 2011 11:30 pm

These 5 seem to be the most popular on CreditCardForum. Their sponsored offers are also included in the reviews.

  • Blue Cash - No annual fee version available. Offers high cash rebates.
  • Starwood Preferred Guest - Best American Express for airline miles.
  • Gold Card - For moderate travelers that want premium benefits.
  • Platinum Card - For heavy travelers who don't mind paying $450/year (does not sound appropriate for you given the details you provided)
  • Delta SkyMiles - The Gold version is the most popular

Good luck,
CCG

WillNY
Green Member
Green Member
 
Posts: 4
Joined: Mon Aug 08, 2011 11:39 pm
Location: NY

Postby WillNY » Sun Sep 25, 2011 12:51 pm

So I finally decided to apply for this card today. I had been swamped with work recently and was sidetracked from obtaining a new card.

I did the Blue Cash Everyday application over the phone and am happy to say I have been approved. I was given a $13,000 credit limit which was a little surprising to me but I'm very happy about that. Now I will have no fears about jeopardizing my utilization as the holidays approach.

Jay
Green Member
Green Member
 
Posts: 7
Joined: Mon Sep 19, 2011 10:10 pm
Location: Atlanta, GA

Postby Jay » Sun Sep 25, 2011 11:03 pm

WillNY wrote:So I finally decided to apply for this card today. I had been swamped with work recently and was sidetracked from obtaining a new card.

I did the Blue Cash Everyday application over the phone and am happy to say I have been approved. I was given a $13,000 credit limit which was a little surprising to me but I'm very happy about that. Now I will have no fears about jeopardizing my utilization as the holidays approach.


Congratulations on your acceptance! I know how it feels - your situation sounds pretty similar to mine - fairly fresh out of college, and interested in my first Amex. I was approved just over a week ago for the Blue Cash Preferred, and was actually a little surprised! That said, I'll be downright SHOCKED if I've got a CL of $13,000 like you do! That's awesome =)

I hope you love it!



Return to “American Express”

Who is online

Users browsing this forum: No registered users and 2 guests