Hello everyone, I am glad I found this place. I received an invitation for Green Card from Amex. I googled it and found this thread (http://creditcardforum.com/american-express/1190-american-express-green-card-review.html
) on this forum. It made me hesitant to apply. But I don't want to miss this chance since I was rejected by Amazon and State Farm in the last two months.
I am a college student and make about $17,000 as a graduate assistant. I have a State Farm student card from Feb. to build up my credit score and was approved with a Discover More card a couple of months ago. I knew I shouldn't have applied for the Amazon card but their $50 account opening bonus was so tempting when I was buying textbooks. Then I wanted to see if I could upgrade my State Farm card to a regular one when I tried to pay insurance renewal. Both rejections came after my Discover card was approved. My FICO score was 718 on July 31.
I didn't think about applying for another card after the rejections because I thought too many applications in a short time, especially when they were rejected, would hurt my credit history. However, I just got the invitation today and sort of swung about the idea of another application. I just want to ask, should I accept the invitation and apply for the Green card (which is not recommended by the thread above) and try to upgrade or switch to other Amex cards in the future or should I decline, wait some time, build up my credit, and apply for other Amex cards with more and better benefits? Thanks.
BTW, my wife and I need to fly back to our home country (10 thousand miles one way) each year. Will the Green card benefit us more than other options available given my status quo?