Will I get approved for an AmEx as a 20 year old student?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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itsmeandrew
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Location: Utah

Will I get approved for an AmEx as a 20 year old student?

Postby itsmeandrew » Mon Apr 09, 2012 11:03 pm

I'm looking to get either a credit/charge card with more rewards than my 1% cash back from WF. I've been looking into the AmEx green card, Gold Delta Skymiles card or Blue Cash card.

I'm 20 years old. The last credit score I got was around 710. I've had my oldest credit card for about two years. It's a capital one platinum with a $500 CL. I have a WF credit card with $1,200. I have a card loan with $5,000 remaining and $11,200 in student loans. I make about $15,000 a year at a part time job. I'm currently in school full time. I make all credit card payments in full; the balances are $0 on both. I make my car payment on time each month. I've made interest payments on my student loans.

I'd rather wait and apply later when I have a better chance of getting approved than apply now and get denied and have it show up on my credit, but if I can get approved now then great.

Does anyone have any advice, suggestions or predictions on whether or not I'd get approved? Thank you!
Capital One Platinum $500 (2/2010) CLOSED (1/2013)
Wells Fargo College Cash Back $1.2K (8/2011) CLOSED 3/2015
Chase Freedom (Signature) $10K (4/2012)
AmEx Zync NPSL (4/2012)
Samuels Financing $2.9K CLOSED 4/2015
Discover IT $3.95K (7/2012)
Chase Marriott Premier (Signature) $5K (9/2012)
Chase Slate $2.5K (12/2012)
Citi Simplicity $4K (3/2013)
AmEX BCE $9.5K (5/2014)
Chase Amazon $4.5K (5/2014)
Barclaycard Apple Financing $2K (6/2014)
Capital One VentureOne (Signature) $5K (1/2015)


TU (Discover): 760


amexguy321
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Location: Massachusetts

Postby amexguy321 » Tue Apr 10, 2012 3:39 am

i was in the same shoes as you... applied for both zync and hhonors after having a barclaycard and boa for a couple years... instant approval!

bmw1990Z
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Location: USA

Postby bmw1990Z » Tue Apr 10, 2012 9:47 am

I'm in the same situation as you minus loans and stuff. I'm gonna wait til my account is a year old but then I'm applying for gold delta skymiles. Don't take my word for it but, I've seen people who are 18 get approved and also read on this forum people with even no history haven been approved. I also read that because it's a partnered card with AMEX that the qualifications arent as strict. Again, thats just from what I've read on here though, not fact. Definitly I think you'd get approved for zync though.
Cards in my wallet:
-Citi Forward Card for College Students-July 2011
-American Express Platinum Delta Skymiles--July 2013

Floydian
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Postby Floydian » Tue Apr 10, 2012 2:28 pm

Just curious what the people getting approved for these cards put as their income? I have great credit (ran an Equifax the other night and got a 786) but I'm a 24 year old "student" who doesn't make more than about $25,000 a year. I'm apprehensive to apply for an Amex and then later get FR'd and end up losing my credit card (and probably hurting my dad's credit as i am an AU on his Amex dating back to the early 90's).

irvine801
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Location: Salt lake city, UT

Postby irvine801 » Tue Apr 10, 2012 8:00 pm

Dude go zync, easiest amex to get from what I hear. Love mine.
-American Express Zync.
-Discover IT. 4.5k limit 7.99%
-MC Citi diamond preferred. 1500 limit
-Visa Chase freedom. 2k limit.(23.24%, NOT IN USE)
-Miles by discover 1.5k limit.7.99%
-Best buy store card. 1500 limit
-Mt. America visa 1k limit

Celestine
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Location: Los Angeles, California

Postby Celestine » Tue Apr 10, 2012 8:32 pm

itsmeandrew wrote:I'm looking to get either a credit/charge card with more rewards than my 1% cash back from WF. I've been looking into the AmEx green card, Gold Delta Skymiles card or Blue Cash card.

I'm 20 years old. The last credit score I got was around 710. I've had my oldest credit card for about two years. It's a capital one platinum with a $500 CL. I have a WF credit card with $1,200. I have a card loan with $5,000 remaining and $11,200 in student loans. I make about $15,000 a year at a part time job. I'm currently in school full time. I make all credit card payments in full; the balances are $0 on both. I make my car payment on time each month. I've made interest payments on my student loans.

I'd rather wait and apply later when I have a better chance of getting approved than apply now and get denied and have it show up on my credit, but if I can get approved now then great.

Does anyone have any advice, suggestions or predictions on whether or not I'd get approved? Thank you!


My two cents... pay off your car loan first then apply for AMEX card. You would have a better score thereafter and hopefully higher income; less debt.

I think AMEX credit/charge application is kind of a hit or miss thing. I have read some with low income getting approved and some getting denied; regardless of credit score. It's kind of weird...
"Nearly all men can handle adversity, but if you really want to test a man's character - give him power." - Abraham Lincoln

Moneytalks
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Postby Moneytalks » Tue Apr 10, 2012 9:07 pm

I agree with Celestine, except, remember that the Zync cannot be upgraded to a Green or any other charge cards, the Zync stands by itself, so if you're looking to get a Gold or something down the road, I would wait and take your shot at the Green. (Znyc is a good card tho)
Wallet: Amex BCE & Chase Freedom. (Credit Card dieting since 2014)

bmw1990Z
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Location: USA

Postby bmw1990Z » Tue Apr 10, 2012 11:33 pm

Moneytalks wrote:I agree with Celestine, except, remember that the Zync cannot be upgraded to a Green or any other charge cards, the Zync stands by itself, so if you're looking to get a Gold or something down the road, I would wait and take your shot at the Green. (Znyc is a good card tho)


so other than establishing credit history or having an AMEX card for the sake of having one, does getting the zync as your first AMEX ease the way to other upper level charge cards...
Cards in my wallet:

-Citi Forward Card for College Students-July 2011

-American Express Platinum Delta Skymiles--July 2013

Moneytalks
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Postby Moneytalks » Wed Apr 11, 2012 8:36 am

To be honest bmw1990Z Im not sure...but, if you wanted a Amex just for the sake of having an Amex, why not just go for their credit cards and not pay an annual fee? (Blue cash for example) About the credit score, I've heard different things because of the no pre set spending limit..maybe someone else who knows more can be more insightful...but like I said, save your chance for the Green because you can move up from there, whereas if you get a zync, you'll have to add another card or account to get a Green, Gold, etc...Depends on how many Amex cards you want lol!
Wallet: Amex BCE & Chase Freedom. (Credit Card dieting since 2014)

itsmeandrew
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Location: Utah

Postby itsmeandrew » Fri Apr 13, 2012 2:07 am

Thank you all for your help and advice. I ended up deciding to put AmEx off until later in life where I can (hopefully) start off with a Gold card or even a Green so I can upgrade it down the road. I applied for Chase freedom thought and got instand approval with a 3K limit.

I have another questions kind of off topic, but I'd like some outside opinions. With my car loan I got a <2% interest rate and will pay about $350 in interest if I take the full term of the loan to pay it off. On my student loans I have a few that are subsidized and a few unsubsidized. I've already paid more interest on those than I will with my full car loan. Should I try to pay my student loans off first or my car loan? Will one left on my report look better or worse than the other? Obviously it will take longer to pay my student loans off, but if it'll look better to have those gone or at least decreased then I'd be more than happy to focus on that debt first.
Capital One Platinum $500 (2/2010) CLOSED (1/2013)
Wells Fargo College Cash Back $1.2K (8/2011) CLOSED 3/2015
Chase Freedom (Signature) $10K (4/2012)
AmEx Zync NPSL (4/2012)
Samuels Financing $2.9K CLOSED 4/2015
Discover IT $3.95K (7/2012)
Chase Marriott Premier (Signature) $5K (9/2012)
Chase Slate $2.5K (12/2012)
Citi Simplicity $4K (3/2013)
AmEX BCE $9.5K (5/2014)
Chase Amazon $4.5K (5/2014)
Barclaycard Apple Financing $2K (6/2014)
Capital One VentureOne (Signature) $5K (1/2015)


TU (Discover): 760



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