Can a 19 y/o get approved?

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4 posts
bvasquez113
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Joined: Fri Feb 08, 2013 12:39 am
Location: United States

Can a 19 y/o get approved?

Postby bvasquez113 » Fri Feb 08, 2013 1:20 am

I'll keep it short:

19 y/o college student
13,000/yr income
credit builder loan (paid off this month)
auto loan (been paying about 4 months)
just got approved for platinum mastercard from local credit union

I already applies for green card, but was denied. Credit score they got was from transunion, 652. I checked experian the day I applied and it was at 700.

Should I try again after thirty days, or should I wait until I get more credit history?

Thanks!


Bksuper
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Posts: 257
Joined: Sun Oct 14, 2012 10:22 pm
Location: California

Postby Bksuper » Sun Feb 10, 2013 4:22 am

Since you only have 1 credit card on your report and its brand new, wait for that to age to 6 months and don't apply for anything else until then. If you don't have your heart set on amex, you could probably get approved for a student card (i.e. student Citi Forward or Discover IT) sooner, but that would increase your wait for amex as you'd have more hard pulls and even lower AAOA. Being an AU on somebody else's good standing Amex account for at least 61 days would also help approval chances significantly and backdate your new amex.
Sole Ownership Cards:
1st Financial Bank Platinum Student Visa, $500 CL, Open Since 3/2012
Citi Forward Student Visa, $6k CL, Open Since 10/2012
Costco TrueEarnings Amex, $6k CL, Backdates to 1/2012
SallieMae Rewards Barclay Mastercard, $2.5k CL, Open Since 4/2013
Jointly Owned Cards (co-owner with mom, not AU, used and paid only by me):
Chase Amazon Rewards Visa Signature, $2k CL, Open Since 8/2012
US Bank Cash+ Visa Signature, $13.5k CL, Open Since 10/2012
Authorized User (Parents Pay/Use)
Costco TrueEarnings Amex $29.4k CL, AU since 11/2012

Sevenfeet
Centurion Member
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Posts: 532
Joined: Thu Jan 17, 2013 7:20 pm
Location: United States

Postby Sevenfeet » Sun Feb 10, 2013 7:13 am

It sounds like you're doing pretty well right now. I think I got my first green card when I was a senior in college at age 22 with a thinner record than you (it was my first card of anything). Have some patience...it will come soon enough.
Cards:
American Express Platinum (NPSL)
Penfed Platinum Reward Visa ($28K)
Chase Freedom Visa ($25K)
Fidelity American Express ($20K)
American Express Blue Cash Preferred ($20K)
Bank of America Cash Rewards MasterCard ($20K)
Citi Thank You Preferred Visa ($9.5K)
Chase Sapphire Preferred ($7.5K)
US Bank Cash + Visa Signature ($7K)
Discover IT ($4K)

bvasquez113
Green Member
Green Member
 
Posts: 4
Joined: Fri Feb 08, 2013 12:39 am
Location: United States

Postby bvasquez113 » Sun Feb 10, 2013 12:26 pm

Thanks so much! I have about 10 inquiries right now, but I definitely won't be applying for anything else for at least 6 months... Will I have to wait a bit longer because of that?



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