Can I and should I apply for an amex?

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Snowman
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Can I and should I apply for an amex?

Postby Snowman » Thu Aug 23, 2012 6:27 pm

So I'm back again. After a few months of learning about credit and learning to use it wisely, I am thinking of getting an Amex.

Income: I work as a host at Denny's but I go to school as well (part time job)
Last year I made a gross of 4,200 but after tax it was somewhere around 3,700.

Payment History: I got my card in April 2012. Since then, In may I had one high balance that was reported. But other then that I've always paid before the statement date cuts and in full, therefore it should be reported as 0 when reported to the bureaus.

Based on this would I/ do I qualify for an amex? I'm thinking of applying for three cards : The Zync, Delta Gold, or the Green Card. I have been getting more hours at work (hitting 50 + hours and getting some more overtime in the last few months) so the annual fee won't bother me as much. Again my credit history is short (about to turn 4 months after monday) but I'm asking for advice as to whether I should go for it or wait maybe until the end of the year (that way I know how much I made this year.) to apply. I still live with my parents as well but I pay any bills in my name (credit card, phone, etc.) I'd like to spread my spending a little bit more. Should I take the plunge and hard pull or wait?
Bank Of America: BankAmeriCard Cash Rewards-4.2k
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CC Deville
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Postby CC Deville » Thu Aug 23, 2012 7:54 pm

So you make $4,200 gross a year? Not $42,000? And you have only had credit for 4 months?

You are really shooting for the big time way too soon. You need to put some time into building your credit before you go for an AMEX. You might want to wait for 4/2013 to apply and unless your income increases, I would say the Zync is your best bet. Don't even try for a revolving card like the Gold Delta Skymiles until you have a few years of credit under your belt and a 5 digit income.

And somehow Snowman and North LA County (The Valley?) don't seem to go together LOL

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Snowman
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Postby Snowman » Thu Aug 23, 2012 8:20 pm

CC- Yah 4,200, no not 42,000. My only card is the one I have opened in April 2012. The only reason why I mentioned Skymiles because I heard it was one of the easiest to get approved for (according to what I have seen on the boards here, plus I travel 2-3 times a year.) My income probably won't increase for another 2-3 years (still in school plus, I won't graduate until then.) Would I be approved( do I even have a chance?) for a Zync If I applied right now?

I picked Snowman because I'm a member of a lot of different forums and all I could think of at the time was Snowman (I like cold things...lol), hence the name. And I live close to the valley, right on the tip of Southern California coming down from the grapevine.
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Discover: More-7k
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.

DavidNY
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Postby DavidNY » Thu Aug 23, 2012 8:30 pm

I don't know why you'd want an Amex, what does it have that your current card doesn't?

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Snowman
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Postby Snowman » Thu Aug 23, 2012 8:50 pm

My family has always had Amex. My parents have always planned trips and such through Amex. Plus I want another issuer in my wallet just in case. My current card would still be primary. Depending on what I apply for, my Amex would be a backup if I was fortunate to be approved.
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Discover: More-7k
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.

CC Deville
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Postby CC Deville » Thu Aug 23, 2012 8:52 pm

Snowman wrote:CC- Yah 4,200, no not 42,000. My only card is the one I have opened in April 2012. The only reason why I mentioned Skymiles because I heard it was one of the easiest to get approved for (according to what I have seen on the boards here, plus I travel 2-3 times a year.) My income probably won't increase for another 2-3 years (still in school plus, I won't graduate until then.) Would I be approved( do I even have a chance?) for a Zync If I applied right now?

I picked Snowman because I'm a member of a lot of different forums and all I could think of at the time was Snowman (I like cold things...lol), hence the name. And I live close to the valley, right on the tip of Southern California coming down from the grapevine.


Gold Delta Skymiles is generally regarded as the easiest revolving AMEX but the Zync (charge card) bar none is the easiest AMEX product to be approved for. It is hard to say if you would be approved for anything at this point due to the income, but you never really know. You somehow managed to get a BofA card right off the bat so that is a good sign. They very well may approve you for a Zync with a low spend limit. Can you wait until at least October? That way you have six months of credit. I really think that a year of credit might be best for your chances of approval. They do have a preapproval function on their website. It only costs a soft inquiry. That can be a good indicator of your chances of being approved.

I lived in Denver for way too long. I no longer like cold things LOL

Crashem
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Postby Crashem » Thu Aug 23, 2012 10:59 pm

At 6 months, you MIGHT qualify for Zync. I wouldn't try anything else. Also, remember to project your salary forward vs look back as it is so low in past.
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Snowman
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Postby Snowman » Thu Aug 23, 2012 11:36 pm

That's what I thought about the Delta Gold, it was easier to obtain, cause I saw many people on this board (and a few others get approved for it.) I got a BOFA through my personal banker. I was thinking that I was going to end up getting a small limit and get denied, but I got 700 (not to bad tbh). And I don't mind if my limit is smaller (anything higher than 300 is okay with me.) I was planning to wait until tuesday but idk. What about the Green card? Is it difficult to get approved for?

I had the misfortune of stopping in Denver (as a layover on a flight, and ya it was really cold when we stepped to get some air) while visiting some family out in Minnesota, needless to say I like California's weather better....lol.
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Discover: More-7k
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.

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Snowman
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Postby Snowman » Thu Aug 23, 2012 11:43 pm

Crashem- Unfortunately I do not really have a salary. There are some weeks where I work 50+ hour weeks, and there are other weeks where I only work 30-35. That's why, when I looked at my last paycheck for last year I put down the amount. I selected Zync because from what I have seen it is one of the easiest of the AMEX cards to get approved for. I put the Delta Gold (didn't know it was revolver, and nvm on applying for it for a few more years.) And I put the Green, but I'm not so sure. Another reason I was thinking of applying for the Zync was because of it's different packs (trust me, I live on take out food, and eat out at least once a week.) And plus I get to have Amex in my corner in case anything goes wrong, which my current card does not have. But I have worked more this year, so I think I could make an extra 2-3K this year compared to last year. Like I said though it all depends on what my schedule will be when my boss posts it in our schedule book.
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Discover: More-7k
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.

432521
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Postby 432521 » Thu Aug 23, 2012 11:51 pm

if you have scholarship money I would put that down as well. I am a college student that works part time (only 12 hours a week sometimes even 5) but I put my scholarship money in as well.

Also you mentioned that your family has AMEX, maybe you could be added as an AU
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