Credit Ghost - What kind of card?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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btk4819
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Credit Ghost - What kind of card?

Postby btk4819 » Fri Jul 13, 2012 5:18 pm

OK, my second question. This board was a great help with my first.

My girlfriend graduated from college in May. She is starting her career soon and will be making $50k a year. She may have to travel for work and would need a credit card for business expenses. At this point she is a credit ghost. Never had a card or a loan or anything. What type of card should she go for? Would she have a chance at any AMEX?


hematino
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Postby hematino » Sun Jul 15, 2012 6:47 pm

They might approve her for a Zync charge card or a Clear revolving credit card, but anything else is a really a long shot. Her income is more than fine-- though Amex is probably going to want to see at least a little history on her credit file. Her chances would be better if she starts off with an easier credit card through whatever bank she has a checking account with (will probably be easier to get approved), establish some history and then try for a lower level Amex in 6 months to a year.
Now she's eyeless.
The snakes she held once
Eat up her hands.

MemberSince99
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Postby MemberSince99 » Sun Jul 15, 2012 6:57 pm

I wouldn't even expect a Zync to be honest. With 6 months of good use on something else Zync would be possible but as a ghost, I'd be shocked and would think this would be a wasted inquiry. As a newbie you are probably (I'm sorry to say this) looking at a Cap One card for her to start with or something like this. Prime cards (like Amex) just aren't likely to happen. If it does it would be big news so please let us know but honestly I'd discourage you from trying that route without 6 months reporting with something else so you don't burn an inquiry for nothing.

And yeah I know, I have no problem with using inquiries, I just don't like to use them for nothing is the key.....it's one thing to use one and get the card but it really sucks to burn one for nothing....

Money card
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Postby Money card » Sun Jul 15, 2012 9:42 pm

With an empty file forget about banks like Chase, Wells Fargo, Bank of America, Capital1 and Citibank. also forget about financial companies Discover and American Express, her credit report is empty she's not going to be given any of these cards.

even a lower level card like the Chase Slate or clear American express card she won't get.

since she has to travel for work you may want to ask her if the company gives employees a small business or corporate card? if she says that the company doesn't offer any company card this is what I would suggest.

a local bank card or a lower level card. a card like Key bank, TD Bank, M&T Bank. not a card that the vice president of houilighans would have or shortline bus. a Bank of Houston a local bank texas something bank, a Visa or Mastercard from them.

if she can get this card what about Macys American Express or WalMart Discover I know there not geared for business travelers but there store credit cards not charge cards they work where ever American Express and Discover are accepted. even though there not the most enticing cards for business travel, for somebody who has an empty file, if she can get a card it would be great.

another idea since she has you would you allow her to share an account with you like husbands and wife's have the same card, for security reasons you can ask to have the last 4 digits changed? the other poster I wasn't able to make this suggestion because he/she was looking for a card on there behalf.

another idea would be Orchard, this is for people just starting out, her credit limit would be low like maybe 500 to 1,000. I know this isn't the most enticing card suggestion her hotel and airfare will cover her credit limit but she has to start somewhere.

my top suggestions again:

  1. a company card
  2. a lower level or local bank card
  3. a store card like Macys American express or wal mart Discover if she can get 1
  4. would be sharing a card with you, you should be able to get the last 4 digits changed for security purposes
  5. a starter card like Orchard Visa.

btk4819
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Postby btk4819 » Mon Jul 30, 2012 5:56 pm

So if she gets on to my credit card will that start to build credit for her?

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Postby Money card » Tue Jul 31, 2012 9:48 pm

no it wouldn't build her credit because your still paying the bills, however it would go onto her credit report.
But she would write you out the checks for whatever her company has her charge. if she stays at a Marriott, dines at 4 local restaurants
charges airfare on delta whatever her charges come to is what she would pay you. you would write a check for the total amount.

you would be helping her out. this wouldn't be the way to build her credit.

the best way for her to build credit is for her to apply for a local bank credit card or for her to apply for a Orchard visa.

DavidNY
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Postby DavidNY » Tue Jul 31, 2012 10:16 pm

btk4819 wrote:So if she gets on to my credit card will that start to build credit for her?


Yes. .

RR101
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Postby RR101 » Wed Aug 01, 2012 8:30 am

All she needs is two secured cards maybe one with BoA and another one with US Bank or local credit union for about 9months... And I wouldn't recommend any low in banks like orchard...



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