Trying for the Costco

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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makwa3
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Trying for the Costco

Postby makwa3 » Fri Sep 21, 2012 9:55 am

My sister-in-law has had no credit history except for student loans. Her score is in the 650 range. My brother would like to get her a credit card to start building credit, but he wants to get a rewards card that they can benefit from. The AMEX Costco card is a card they are interested in. I am not sure if her credit score will be enough though. Does anyone know of someone being approved for that card with a score around hers? Also, would it hurt if they tried and she got denied. I am pretty sure that if you get denied with AMEX it ends up being a soft inquiry pull and not a hard. Is this correct?
Credit Cards:
Visa - barclaycardUS White, Nordstrom, 1st Financial Bank
AMEX - PR Gold Card, Delta Reserve Business, Blue Sky, Gold Delta


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djrez4
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Postby djrez4 » Fri Sep 21, 2012 10:52 am

An Amex denial is only a soft inquiry if you're already a member.

I was approved for a Costco Amex with a 644, however, I had a revolving credit history and decent income to go with it. With no revolving history, I think chances are slim for approval.

How is his history? Could they do a joint application or get one for him and add her as an authorized user?
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makwa3
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Postby makwa3 » Fri Sep 21, 2012 1:05 pm

Well that is good to know on the inquiry. His history is decent since 2006, has had two credit cards and a score of 725. He did just get a car loan and just started paying on it this month. I agree that he might have to do a joint application for her to start out, in fact I told him that. I am not certain why he wouldn't do that at this point, even for his credit history.

Is the Blue Cash Everyday easier to be approved for than the TrueEarnings?
Credit Cards:
Visa - barclaycardUS White, Nordstrom, 1st Financial Bank
AMEX - PR Gold Card, Delta Reserve Business, Blue Sky, Gold Delta

Money card
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Postby Money card » Sun Sep 23, 2012 3:18 am

This is not a good card at all. what I would suggest to your brother for your sister in law how about a M&T , citizens, TD Bank or keybank
think about it this way if they had to relocate because of there job and let's say that there local costco is 300 miles
away they would be able to keep there bank cards, but for the aqua card because you have to be a member theres no sense paying
50.00 if the closest costco is 300 miles away.
as long as there in the area. for starting out what about a Orchard Visa I know it has low limits, but it's for people who are starting out
like your sister inlaw. If you don't mind us asking what method of payment does she use in costco being costco only accepts
American Express, cash , checks and debit?

now if your sister in law has to have an American express card I would actualy recemond Makwa3's suggestion the Basic blue cash
which she probably won't get because as you metioned she has no cards an empty folder except student loans as you metioned.
since she shops at costco and has no cards at all I would call American express or have your brother call them explain the situation
see what they have to say.

to answer your question Makwa3 think about the 2 cards your comparing? with the Basic blue cash card you can use anywhere American Express is accepted. but as you know if you live in a remote area and theres no costco or the costco is very far theres no
sense having this card since you have to pay a club membeship fee the answer to your question the aqua card is a billion times easier to get than the Basic blue.

Money card
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Postby Money card » Sun Sep 23, 2012 3:26 am

I have a question about that card if you got this card around 2001 and you canceld the aqua card around 2007 but later on you applied
for the card say in 2011 will american express back date your card to 2001 or does back dating not qualify for the aqua /costco cards
just there cards like Blue?

makwa3
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Other cards?

Postby makwa3 » Fri Sep 28, 2012 1:20 am

She lives around several Costcos and they have no plans on moving. Maybe the question would be is there an American Expess card that you can be accepted on with a 640-650 CS and no credit card history (essentially a starter card) Would the Zync be an option? I am aware that it is a charge card, and they are ok with that. They both really like the rewards of several AMEX cards, this is why they are leaning toward trying for one ot them. If AMEX doesn't offer a "starter card," then what is the next best option? CapitalOne Cash Rewards card?
Credit Cards:
Visa - barclaycardUS White, Nordstrom, 1st Financial Bank
AMEX - PR Gold Card, Delta Reserve Business, Blue Sky, Gold Delta

Money card
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Postby Money card » Sat Sep 29, 2012 1:52 am

as long as her company doesn't relocate then she's fine. I would say the Zync isn't a starter by far. would your sisterinlaw be ok
with American Express cards that aren't on there site for example first national bank of Omoha, it's a bank card like Citibank
it's accepted at costco, it has 3% foreighn transaction fee, no annual fee, when American Express has there promotions like
small business saturday or restaurant week you can't sighn up with this card and get your credit.

however you can use this card on these promotions.

theres also a macys American Express she would get 2 points per dollar spent in Macys, she would get coupons pending upon spending
there is a foreign trans action fee I don't know what the % is. 1 point everywhere else.
intrest rate I believe is the same as the Macys charge around 24.99%.

do you or your brother or sister inlaw have acces to a Fidelity investments bank, they offer a card in which you get
2 points per dollar spent everywhere, what you can redem you would need to sit down and ask them this. sure theres a foreign transaction
fee don't know what it is.

If your sisterinlaw has to have an American express that is on there site I would suggest a lower level card like the clear card
that would be the closest in starter cards. it's not the most desireable card , but it's a very nice card. that's what I would suggest.



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