Is a 686 FICO score good enough for an Amex Green?

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HookEmHorns
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Is a 686 FICO score good enough for an Amex Green?

Postby HookEmHorns » Mon Apr 01, 2013 11:45 am

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.
AMEX PRG~1/14--backdated to 2012
AMEX BCE~6/13--backdated to 2012
Chase Freedom~5/13
Discover IT ~12/12

:cool:


paparoach429
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Postby paparoach429 » Mon Apr 01, 2013 2:54 pm

I would wait till over a year of history. My aaoa was just shy of 2 years, low utilization and scores just a tad higher and I was suprised I was approved.

MemberSince99
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Postby MemberSince99 » Mon Apr 01, 2013 8:57 pm

Based on what I've read, it might be good enough. If not, after a year, you shouldn't have a problem, I woulnd't think based on what you've said, like Papa mentioned.

tigerowl06
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Postby tigerowl06 » Mon Apr 01, 2013 9:24 pm

I think your plan (8-9 months with the Discover card) will work for Amex Green.
Chase Freedom ($2.5K, 10/2009)
Discover it ($6K; 03/2011)
Amex BCE ($19.5K; 02/2013 - 2011 BD)

mdl28
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Postby mdl28 » Mon Apr 01, 2013 10:18 pm

I would say your chances are OK. Plus side is you have a Discover. But its been less than a year and you have no real income. Did Discover give you a CL after 6 months and what was your initial CL?
MDL

Amex Gold Prem'r
Amex BCP
Amex Green
Barclays Ring Platinum MasterCard
Citi Diamond Pref'd
Chase Sapphire Pref'd Visa Signature
Chase Freedom MasterCard
Discover It
New York Life Visa Signature

Moneytalks
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Postby Moneytalks » Mon Apr 01, 2013 10:27 pm

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)

plc44
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Postby plc44 » Wed Apr 10, 2013 10:07 am

I think you'll get it. Credit Card companies aren't a big fan of me is what I've realized, but I still got approved for the AmEx Green.

I graduated from school in May and started work in June. I got my Discover card in July, and then wasted quite a few inquiries trying to get the Chase Sapphire and the United Explorer card in the process. However, I applied for the AmEx Green in December and was instantly approved. I applied for the Chase Freedom card (to get my foot in the door with Chase) earlier this year and had to call their reconsideration line to get approved for $500. One of the reasons I like AmEx is because it feels like they trust me.
Discover More - $1000 (07/12)
Chase Freedom - $1000 (02/13)
American Express SPG - $2000 (08/13)
American Express Green Card - NPSL (12/12)

HookEmHorns
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Postby HookEmHorns » Wed Apr 10, 2013 1:39 pm

mdl28 wrote:I would say your chances are OK. Plus side is you have a Discover. But its been less than a year and you have no real income. Did Discover give you a CL after 6 months and what was your initial CL?


Started with $1,000. After 3 months it went to $1,300.
AMEX PRG~1/14--backdated to 2012
AMEX BCE~6/13--backdated to 2012
Chase Freedom~5/13
Discover IT ~12/12

:cool:

HookEmHorns
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Location: Dallas/Austin

Postby HookEmHorns » Wed Apr 10, 2013 1:41 pm

Thanks for the advice, y'all. I'll let my current accounts age and garden for awhile before I apply.
AMEX PRG~1/14--backdated to 2012
AMEX BCE~6/13--backdated to 2012
Chase Freedom~5/13
Discover IT ~12/12

:cool:



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