American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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College-Student
 
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Will a college student get approved for Gold?

Postby College-Student » Sun Jun 10, 2012 4:11 pm

I'm a first time college student and I'd like to have my own credit card. I've had a card in my name on my mom's account (who has astounding credit) since I was thirteen and I've used it regularly and I'm pretty sure I've never had a late payment. Also, I'm not employed. I get enough in scholarships from school that I don't need to work and all of my assets are in my checking and savings accounts (which is why I thought a charge card would be good for me since I'd only spend what I have).

Does anyone think I'd be approved for the Amex Gold? I don't want to apply to a card and be rejected, I don't think what little credit I apparently have could handle that.


Money card
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Postby Money card » Sun Jun 10, 2012 11:15 pm

The answer is NO.

When I had my first job back in the 80's, in the late 80's around 87-89 I applied for the Green card and I got turned down. Back then there were no student cards. I would suggest Pass the student card. This is a card that you should start off with.

Later on in life when you get a job after having a few credit cards, if you then want later on, you can then apply for the Gold. But for right now my suggestion would be their student prepaid card called Pass.

Don't feel bad about being rejected we all were.

bmw1990Z
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Postby bmw1990Z » Sun Jun 10, 2012 11:17 pm

I disagree.

I think you have a good shot at approval being an AU for so many years as well as the various funds you have due to scholarships etc. I only have a year of credit, in college, and already have 2 amex's. You should be fine.
Cards in my wallet:
-Citi Forward Card for College Students-July 2011
-American Express Platinum Delta Skymiles--July 2013

Money card
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Postby Money card » Sun Jun 10, 2012 11:26 pm

Well I had a job for close to 4 or 5 years and applied for a green card and was turned down. This person is a college student, the gold card isn't for them.

The Gold card is for somebody who has a good job, income, and somebody who has a couple of good credit cards like chase Freedom or Discover more etc. not a first year college student.

Ratfacedudeguy
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Postby Ratfacedudeguy » Mon Jun 11, 2012 12:21 am

Not to mention the fact than Amex will not issue a card to someone with no employment. For now, an actual student card will be the way to go, even though they will also require you to disclose at least some source of income because of the CARD act. My credit union that I work at will allow parental allowance to be declared for student products only.
Amex Green - NPSL - 05/12
Amex Zync - NPSL - 06/12
Discover it - $7750 - 11/12
Chase Sapphire Preferred Visa Signature - $5000 - 11/12
SECU Platinum Visa - $5000 - 08/08
Bank of America Cash Rewards Platinum Plus Visa - $3000 - 06/08
Citi Diamond Preferred Mastercard - $3000 - 05/12
GECRB Old Navy Visa - $2500 - 11/12
Chase Amazon Visa - $2000 - 11/12
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Crashem
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Postby Crashem » Mon Jun 11, 2012 12:28 am

Your main problem is lack of regular income. I think your scholarships can be considered income if they provide for living expenses/books/etc., but I don't think you can consider the part of scholarships that pay for tuition. The fact is it won't really hurt you to apply as rejection just means an inquiry. Personally, I would recommend you get 3 open revolving lines in any case as soon as you have any income. There are some student cards that are easy to get if you are student with income.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k

Moneytalks
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Postby Moneytalks » Mon Jun 11, 2012 9:53 am

If you have the credit score and history, perhaps...as for the income, that's the last hurdle. I was working part time and had a stellar credit score my sophomore year of college and was approved for a green card. As for the gold, it will probably require a higher income than working part time, BUT you can always upgrade after a year :)
Wallet: Amex BCE & Chase Freedom. (Credit Card dieting since 2014)

bmw1990Z
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Postby bmw1990Z » Mon Jun 11, 2012 11:15 am

You should be fine, just list your scholarships as a source of income and apply as student.
Cards in my wallet:

-Citi Forward Card for College Students-July 2011

-American Express Platinum Delta Skymiles--July 2013

nedyah700
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Postby nedyah700 » Mon Jun 11, 2012 1:18 pm

For the people saying no, I completely disagree. The summer before I attended college, without current employment, I applied for a Delta AMEX and got a 12k limit. By my Sophomore year, still no job, I had a Delta Platinum with a 30k limit and a AMEX Platinum card. Also like bmw1990Z said, use your scholarship as income.

bmw1990Z
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Postby bmw1990Z » Tue Jun 12, 2012 5:33 am

nedyah700 wrote:For the people saying no, I completely disagree. The summer before I attended college, without current employment, I applied for a Delta AMEX and got a 12k limit. By my Sophomore year, still no job, I had a Delta Platinum with a 30k limit and a AMEX Platinum card. Also like bmw1990Z said, use your scholarship as income.


I just got my delta amex! Hopefully plat isn't too far out of reach. Several of my friends have it (not as an AU on their parents accounts..) From what I've seen All you need is a few good years with Amex and perfect payment history.
Cards in my wallet:

-Citi Forward Card for College Students-July 2011

-American Express Platinum Delta Skymiles--July 2013



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