674 Credit Score - Can I get a card with actual spending ability?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
14 posts
btk4819
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674 Credit Score - Can I get a card with actual spending ability?

Postby btk4819 » Wed Jul 11, 2012 4:36 pm

Background - 28 yrs old. Had an AMEX gold from 12/07 - 08/08. Racked up a really high bill and took forever to pay it fully off. It is listed on my credit report as a charge-off. I do plan to write them a letter to try to get that taken off. Payed them in full in 02/11.

My current 674 credit score is also affected by a stupid store card with about $50 on it that I forgot about 2 years ago and paid over 30 days late. I have a number of student loans but not a crazy high balance.

I have had a Capital One no hassle rewards card since 4/11. I have always paid on time. As I have read on here I probably can't ever get a higher limit with them then my stupid $750 current one.

I have a solid job and travel for work. Not having a credit card that can cover expenses prior to reimbursement sucks pretty bad. I got a 'pre-approved' offer in the mail the other day for a Gold Card again. I would love to go for it but don't know if that is the card that I would have any shot of getting right now. Any thoughts?


agp
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Postby agp » Wed Jul 11, 2012 7:54 pm

At 674, your chance of approval is not high. However, your shot at being approved is better since the offer is "pre-approved" rather than "pre-selected." Although the Gold card offers little rewards at a cost of $125/year.

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred

MemberSince99
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Postby MemberSince99 » Wed Jul 11, 2012 8:53 pm

I would think you would have a shot at Zync. Your score is high enough. That might be a better thing, and someday when your credit is better you can go for a travel type card from them. Zync gives you the best odds.

thomaswhitehall
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Postby thomaswhitehall » Wed Jul 11, 2012 10:37 pm

If your going to apply, and you travel a lot for work just apply for the Platinum (if you have no issue with the annual.) If you get approved for the Gold your going to hate waiting 13 months to apply for the Platinum plus if you travel enough you'll probably enjoy the benefits.

It's interesting how you got a pre-approval. Everyone says Amex has a very long term memory with former charge offs.

MemberSince99
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Postby MemberSince99 » Thu Jul 12, 2012 6:16 am

thomaswhitehall wrote:If your going to apply, and you travel a lot for work just apply for the Platinum (if you have no issue with the annual.) If you get approved for the Gold your going to hate waiting 13 months to apply for the Platinum plus if you travel enough you'll probably enjoy the benefits.

It's interesting how you got a pre-approval. Everyone says Amex has a very long term memory with former charge offs.


They do have a long memory. But I got a "pre-approval" for which I was promptly declined a little over 8 years after charge offs with Amex. So it can be done. But yeah, they remember you alright.

NYC_Dweller
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Postby NYC_Dweller » Thu Jul 12, 2012 8:51 am

thomaswhitehall wrote:If your going to apply, and you travel a lot for work just apply for the Platinum (if you have no issue with the annual.) If you get approved for the Gold your going to hate waiting 13 months to apply for the Platinum plus if you travel enough you'll probably enjoy the benefits.

It's interesting how you got a pre-approval. Everyone says Amex has a very long term memory with former charge offs.


I doubt, highly doubt Amex will approve the Platinum due to OP's history with them and overall score. As mentioned get the Zync card.

bmw1990Z
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Postby bmw1990Z » Thu Jul 12, 2012 9:58 pm

Your score is low. Do not apply for credit cards.
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 » Thu Jul 12, 2012 10:09 pm

NYC_Dweller and BMW1990z are both correct.

Money card
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Postby Money card » Thu Jul 12, 2012 10:41 pm

btk4819 wrote:Background - 28 yrs old. Had an AMEX gold from 12/07 - 08/08. Racked up a really high bill and took forever to pay it fully off. It is listed on my credit report as a charge-off. I do plan to write them a letter to try to get that taken off. Payed them in full in 02/11.

My current 674 credit score is also affected by a stupid store card with about $50 on it that I forgot about 2 years ago and paid over 30 days late. I have a number of student loans but not a crazy high balance.

I have had a Capital One no hassle rewards card since 4/11. I have always paid on time. As I have read on here I probably can't ever get a higher limit with them then my stupid $750 current one.

I have a solid job and travel for work. Not having a credit card that can cover expenses prior to reimbursement sucks pretty bad. I got a 'pre-approved' offer in the mail the other day for a Gold Card again. I would love to go for it but don't know if that is the card that I would have any shot of getting right now. Any thoughts?


Does your company offer any small business or corporate cards? since you travel on business obviously you need a card, for starting out right now what do you think about a local bank card, something like a Bank of Houston visa credit card, a lower level like TD bank, keybank? if you tried for the sapphire and chase sees your charge-off of your gold card, plus that 50.00 charge on your store card that you forgot about for 2 years and paid 30 days late I'm sure chase won't approve you, neither will the other 3 major banks.

if your company doesn't offer any company cards, they want you to use your own personal, to build up credit I would suggest applying for a Macys American express credit card or the wal mart Discover. I know they are not geared for business travelers like the gold or the Green but under your circumstances, there credit cards not charge cards they work where ever American express and Discover is accepted
such as airline travel, hotels check in and most restaurants.

1 would be a company card
2 a lower level or local bank credit card
3 would be a store credit card like Macys American express or walmart Discover

btk4819
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Postby btk4819 » Fri Jul 13, 2012 12:07 pm

Thank you Money Card. As you stated, I need one for work travel. When I try to go stay in a hotel for 3 weeks, they charge the whole thing to my bank card on the first day. Really kills me financially every time. My job does not offer company cards.

I just applied at a lower level bank and got a rewards card with a 0 APR for 6 months and a $4000 limit. I have to travel for work again in a couple of weeks and will be gone for almost a month. This will be a huge help. Thanks again.

I still plan to mail AMEX and try to get the failure to pay off of my report. Maybe one day I will start my way up from the Zync and see if I can get back with them.



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