What's the best to start out with?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
11 posts
ReadyTuna25209
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What's the best to start out with?

Postby ReadyTuna25209 » Tue Aug 28, 2012 10:41 pm

I'm looking to acquire a credit card from Amex in a few months. I just applied and was accepted for a Discover It and a Citi Diamond Preferred card this week and once I get Chase SP and an Amex, I should be done for many years. I'm not looking for a card with an AF and I really want something that grows with me. I don't travel and do prefer cashback and perks. I have a 733 for TU, 754 from EQ and a 725 from EX, three years of credit history, no late payments, always PIF, and no charge offs/bankruptcy, collections. I am a student but I work freelance generating 50K/year.

Any suggestions for an Amex and if so, what was your experience with that card? Requirements prior to applying? Thanks.
AMEX Blue Sky (November 2012)
Citi Diamond Preferred MC (August 2012)
Discover It (August 2012)
Orchard Bank MC (June 2011)
Bank Americard Cash Rewards (September 2010)

Current scores: 715 TU / 724 EQ / 724 EX


KAK
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Postby KAK » Tue Aug 28, 2012 11:48 pm

I have a SP and an Amex green. I am 22, have about 1.5 years of all positive credit history. Around a 720 Fico at the time of application to both of them.

I would go with the green first if you can get approved. I did get declined today though for a Plum for my company... I really wanted that card too. Perfect for advertising and realizing an ROI before your amex stmt. Id have probably spent 10k per month on it after a solid trial run. Oh well, I guess I will wait 6 months and use the SP for business stuff.

Money card
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Postby Money card » Sat Sep 01, 2012 10:46 pm

there are only 2 cards for you the clear card not sure the points I think it's 1 point on everything , I believe when it comes to late payments
and other such there's no fees.

then there's the Blue cash card you could do this get the preferred you get 6% cash back at grocery stores, 3 % back at gas stations and department stores, after your first year is up when your annual fee comes in you can call the back of your card and tell the account mgr
to lower your level to the basic blue cash card which you would get 3% back at grocery stores, 2% back at department stores and 2% back
at gas stations .
being the preferred is free for the first year you could do this.

ReadyTuna25209
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Joined: Sat Aug 25, 2012 11:02 pm
Location: Atlanta, GA

Postby ReadyTuna25209 » Sun Sep 02, 2012 1:55 am

Thanks, I had no idea I could "downgrade" when it came to product changes.
AMEX Blue Sky (November 2012)
Citi Diamond Preferred MC (August 2012)
Discover It (August 2012)
Orchard Bank MC (June 2011)
Bank Americard Cash Rewards (September 2010)

Current scores: 715 TU / 724 EQ / 724 EX

ReadyTuna25209
Green Member
Green Member
 
Posts: 20
Joined: Sat Aug 25, 2012 11:02 pm
Location: Atlanta, GA

Postby ReadyTuna25209 » Sun Sep 02, 2012 1:57 am

The green card is considered a charge card so technically is there a credit limit?
AMEX Blue Sky (November 2012)
Citi Diamond Preferred MC (August 2012)
Discover It (August 2012)
Orchard Bank MC (June 2011)
Bank Americard Cash Rewards (September 2010)

Current scores: 715 TU / 724 EQ / 724 EX

jlam572
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Location: Hawaii

Postby jlam572 » Sun Sep 02, 2012 3:15 am

ReadyTuna25209 wrote:The green card is considered a charge card so technically is there a credit limit?


Yes but everyones is different and yours gradually will increase with positive payment and good purchasing.
American Express Platinum
Chase Sapphire Preferred
Hawaiian Airlines BOH MC
USAA Amex
Capital One Visa Platinum
Citi Diamond Preferred MC

Crashem
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Joined: Fri Mar 09, 2012 9:29 am
Location: San Francisco, CA

Postby Crashem » Wed Sep 05, 2012 9:59 am

Your scores are not fako (ie for educational purposes only). Need to get real credit score. Try eq score from myfico. Don't bother with tu myfico score. It is using old fico formula. As for Amex cards, given your history, you should be okay for almost anyone of them. Any of them strike your fancy? Important to note, Amex has two basic types of cards, charge cards and revolvers. Revolvers work like visa/mc where you can keep balance etc. Amex charge cards (zync, gold, green, plat, etc) are pay in full cards. Charge cards are npsl and the npsl limit can grow quickly. Additionally balances on charge cards do not really effect credit scores for the most part unlike normal revolvers. also, charge cards earn mr points which are considered very flexible rewards. Amex charge cards are easier to get credit wise than Amex revolvers.
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

DeadSpider
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Location: Las Vegas

Postby DeadSpider » Wed Sep 05, 2012 12:45 pm

Money card wrote:there are only 2 cards for you the clear card not sure the points I think it's 1 point on everything , I believe when it comes to late payments
and other such theres no fees.

then theres the Blue cash card you could do this get the perfered you get 6% cash back at grocery stores, 3 % back at gas stations and department stores, after your first year is up when your annual fee comes in you can call the back of your card and tell the account mgr
to lower your level to the basic blue cash card which you would get 3% back at grocery stores, 2% back at department stores and 2% back
at gas stations .
being the perfered is free for the first year you could do this.



The Blue Cash Preferred card is not free the first year they bill you $75 on forst statement.
Cap! QuickSilver VISA 2005 $6500
Chase Freedom MC 2006 $5000
Amex Sky 1999 $2000
BCE 1999 $8800
NFL 2013 $1500
Discover IT 2013 $3500
FICO July 16/2012 ---- 742 Experian (Amex)
BK comes off ---- 9/2014

hematino
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Location: Atlantic City, NJ

Postby hematino » Wed Sep 05, 2012 12:49 pm

DeadSpider wrote:The Blue Cash Preferred card is not free the first year they bill you $75 on forst statement.


+1

I got this card in March and they billed me first statement.
Now she's eyeless.
The snakes she held once
Eat up her hands.

Money card
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Postby Money card » Wed Sep 05, 2012 10:29 pm

DeadSpider wrote:The Blue Cash Preferred card is not free the first year they bill you $75 on forst statement.


from what I was told and I'm sure it's on this forum in different threads, the Blue cash perfered is free for the first year.
now if you got charged a 75.00 annual fee you must have signed up for a bad deal.
I would call the back of your card and tell them that you want the card for free for the first year.



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