So wait, what?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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Snowman
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Postby Snowman » Sat Oct 20, 2012 10:05 am

Cardinal- Congrats man on some great cards! The only difference I noticed is that you said after the 12th statement, so you had credit for a year, the thing is, is that I'm trying to go for it at after 6 months. And of course I will recon if I do not get accepted but I figure it's worth a shot to try. But I've heard (I've viewed myfico forums before, but am not a member) that they say most credit scores after 6 months of history range from 680-730 (but idk if it's true or not either) And yes I will try for the Gold or PRG if my score is 740+. Thank you for the Advice!

T-Alright, I'll try it out soon. Okay I'll leave a 5 dollar balance before the statement cuts and just pay it off on Monday I guess, and you think it will increase my chances rather than if I paid it in full?

So basically here is my time-line
10/24/12- When I'm going to pay my card
10/25/12- 6 months of History
10/26/12- Statement cuts
10/29/12- Pay off remaining card balance and apply for the 3 cards I mentioned in the thread.

so when would the myfico score watch become available? before the 25th (sometime this week like Monday) or after Thursday?
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.


DoingHomework
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Postby DoingHomework » Sat Oct 20, 2012 4:31 pm

Snow, the point is not that I think your are irresponsible. Heck, I don't even know you. But if I had to assess the likelihood you would default I'd look at your history. You have paid on time for what, a year? That's great. But there are plenty of people who have been paying on time for 10 years, have a mortgage (and therefore a house they could lose) and so forth. By comparison, I'd rather lend to them. It's nothing personal. If you continue to be responsible you will have fantastic credit in as little as 2 years and can get whatever you want. I know that might seem like a long time at your age but it's really nothing in the scheme of things.

Vermonster
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Postby Vermonster » Sat Oct 20, 2012 6:33 pm

Snow,

I think the safest thing to do is wait until December and app only for AMEX. I say this because AMEX is the only card that offers any sort of bonus for apping before the end of the year (backdating future cards). This will give you a few extra months on your AAoA, and potentially a higher score. Then when you hit the 1 year mark app for the Discover, Chase, Citi, ect. If you get denied then you can app for something else.

But honestly I think you're making short term decisions for long term "problems."
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

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Snowman
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Postby Snowman » Sat Oct 20, 2012 7:51 pm

DH- I have paid going on 6 months this Thursday, but by next April it will be a year, the only thing was that I just wanted 1-2 more cards so that way when I would have applied for a freedom or another card it would have showed that I had history. And yeah, 2 years does seem like a long time, but I view as a respected member of the forum, so I will go at it slowly and monthly, and hopefully I'll have good news when I apply for some cards.

Vermonster- I think you're right, I will wait until December, but when in December and for what card? I don't think I'd get approved for a revolver but maybe a charge card. And I also agree, I'll wait until April 25th or a few days after and then apply for Chase, Citi, and Discover. What do you mean by when you say If I get denied then I can app fpr something else? also what do you mean when you say that "I think you're making short term decisions for long term "problems"? I'm confused by what you mean when you say this.
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.

Money card
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Postby Money card » Sat Oct 20, 2012 7:56 pm

I have a question I thought the age for having a credit card is 18? why am I reading that you have to be 21? I know when kids graduate from high school their 17, but when they get to college and especialy for those that are away at college don't kids have credit cards
it could be student cards but they have to be 18 or 19? are kids that are 19 are they aloud to have the full time employee credit card?
is there a difference between filing out a credit card application over the phone vs the computer? if not what are the ages for the doing over the phone , what are the ages for doing it on the computer?

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Snowman
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Postby Snowman » Sat Oct 20, 2012 8:27 pm

Moenycard- Legally from what I have read, you have to be 18 to have your own credit card. When I applied and got my BOFA card, I was 18. You have to be 21 in order to apply on the phone for an AMEX (I told the man at new accounts that I applied through the online website, but he said that I applied on the phone and there was no inquiry that was made.) Yes for those that have the income or a job can get a card. For Amex you have to be 21 to apply on the phone and 18 or older to apply through their website. I don't know about any other banks or credit card companies. I don't know about an employee Credit Card....
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.

Vermonster
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Postby Vermonster » Sun Oct 21, 2012 12:14 am

Snowman, I would app for AMEX in December for whatever card will be the easiest to get. I'm not sure if that is a Green or a Blue Cash. That way any future AMEX card will backdate to 2012 and help your AAoA. I think if AMEX denies you then, you could potentially try for a Chase, Citi, Discover, Ect, but the best idea would be to wait until April.

"I think you're making short term decisions for long term "problems"
What I mean is, Credit is a lifelong thing, and you seem eager to get a lot of cards fast. I think you have great goals, you just might be trying to rush a bit. You see a little anxious, and I think if you paced yourself you'd feel much better about the whole situation. I know AMEX threw you for a loop, but they also gave you a second chance.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

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Snowman
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Postby Snowman » Sun Oct 21, 2012 1:28 am

V- I hear what you're saying, but I need advice, I just want to make sure I make the right decisions before I decide to pull the trigger on applying for any cards. The thing is I don't know what to get. I want to get the Green because I believe it's an entry level charge card and I travel 3-4 times a year, so maybe the Gold, and I don't travel or spend enough for the PRG, maybe enough for the Gold, but not the PRG, at least not yet. I've heard for Blue cash that you need at least 1-2 years of history with 2+ accounts and such before applying for a blue cash. So you think it would be better if I just go on an app spree in April and see what I get? this is what I would be thinking and using my cards for + a timeline

Citi Forward-Amazon/Restaurants/movie tickets/ phone bill
BOFA Card (current)- Gas
Discover More and Chase Freedom- For 5% categories and to use sparingly
AMEX Green/Gold- For rather large purchases that I can pay off in a month.
Blue Cash (possibly one day)

I'm not trying to rush at all actually. I have seen people on this forum and other forums that have nearly the same history and income and age getting some good cards and such. I don't mind waiting to get prime cards (I can understand why one would have to wait a while before getting them.) I'm not anxious at all actually or worried, and I like my current card as well, but I want to have another issuer as well because I want a backup card. I just need the advice and a plan of action that I can stick to, so that way I won't put myself in a hole at a young age. And yeah, I realized that they did give me a second chance, I didn't realize there was a glitch going on in their system, maybe I'm one of the lucky ones that didn't get an inquiry when applying for a card I should have waited for. :)
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 » Sun Oct 21, 2012 9:00 pm

Bumping thread.
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.

AMEXAT19
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Postby AMEXAT19 » Mon Oct 22, 2012 12:11 pm

Last December at the age of 19, I applied online for the AMEX Green Card to get my foot in the door and was instantly approved. I have not had any problems with AMEX they show me love and I show them love. They even approved me for Pay Over Time without even asking, they say due to my great payment history. This is just my story, don't know if anything has changed in 10 months.



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