HookEmHorns wrote:What is the typical criteria for a green card? I'm a 20 yo student, I currently have a Discover IT and 3 student/tuition loans paid in full. No negatives. I work part time, and I have about $11,000 in federal student loans.
I was thinking about applying after I have had my Discover for about 8-9 months, while maintaining a low utilization.
So, do I have a shot? Or should I just save that inquiry?
Btw, FICO was 686 last time I checked. Should go up now that I've gotten my utilization ratio down though.
Like the others have said, your main hurdle is the aaoa. As for the income, not a huge problem, I put less than $10,000 for income and was approved for a green. I just upgraded to the gold, and if you want my advice, if you want a charge card, go for the gold. Depending on the type of benefits you want, the gold makes more sense, and the annual fee (which is waived the first year, so you can cancel it before then) is not that much more than the green. I wanted to apply for the gold initially, but that was before I knew how the underwriting works, if you can get a green, you can get a gold. "Your patience will pay off".... good fortune cookie wisdom right there
Wallet: Amex BCE & Chase Freedom. (Credit Card dieting since 2014)