- Green Member
- Posts: 21
- Joined: Fri Dec 09, 2011 8:17 am
- Location: Utah
Last week I spent a couple hours explaining the credit world/game to one of my younger brothers. He would like to get a AMEX card and build a thicker portfolio than he has right now. I personally have a AMEX PRG and a Blue Sky and love them both. I told him that he needs to look at the cards and see which has the best benefits for his wife and him. I gave him a suggestion of getting a PRG as the 2x rewards on both gas and groceries have really benefited myself. I do not know though that with no history with AMEX whether or not he would be able to be approved from the PRG right off the bat. Maybe the Zync card would be better to start out with, then in a year or so move toward the PRG? I would like to hear what others think.
Here is some history he does have:
1. A simple financial bank Visa credit card. His credit limit 8-10k - 0 balance (all paid off) - 8 years of excellent history.
2. Chase Freedom Mastercard. Credit Limit 6k - utilizing 92% (had to accumulate a bit recently with having his first child, but planning to pay all of it off within a month) - 2.5 years of good history.
No other loan history. No bad dings. No other inquiries. CR: low 700's. He will be trying to get a car loan in the next 3 months as well as a home loan in the next year or two.
Visa - barclaycardUS White, Nordstrom, 1st Financial Bank
AMEX - PR Gold Card, Delta Reserve Business, Blue Sky, Gold Delta