20 y/o getting an AmEx

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
paparoach429
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Location: chicago

Postby paparoach429 » Mon Apr 15, 2013 10:23 pm

It doesnt effect poorly unless you dont pay it off by the cut date.


Vandalized2
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Postby Vandalized2 » Mon Apr 15, 2013 11:58 pm

I appreciate that you seem to be very intelligent I appreciate your time in the manner, you rock! keep it up

selfmadetool
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Postby selfmadetool » Tue Apr 16, 2013 12:13 am

Vandalized2 wrote:How certain are you about the two pulls counting as one?

Snowman is correct. I applied for the Green (since cancelled) and BCE on the same day, and American Express used the same inquiry. Ditto with Citibank.
Bank of America: BankAmericard Cash Rewards ($10k); Accelerated Cash Rewards ($12k)
Chase: Freedom ($2.6k); Amazon.com Rewards ($5k)
American Express: Blue Card Everyday ($14k)
Citibank: Forward ($7k); ThankYou ($10.5k)
Discover: More ($14.5k)
Barclaycard US: Barclaycard Ring ($9.4k)
GECRB: Banana Republic ($4.5k); Amazon.com Store Card ($10k)
Comenity: J. Crew ($3.6k)

Vandalized2
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Postby Vandalized2 » Tue Apr 16, 2013 12:31 am

Well I may try that in a few months and if i get two hard hits i will complain to you. I am kidding obviously but I will try it out and see how that goes

432521
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Postby 432521 » Tue Apr 16, 2013 12:38 am

Vandalized, you stats and mines are almost exactly the same except you have 2x the amount of my income and I got approved for BCE so i am 99.99% sure that you will get approved for it. I chose the BCE because i refuse to pay an annual fee on any card.
March 2011- Wellsfargo Cash Back College Card
May 2012- Chase Freedom
May 2012- Discover IT
August 2012- American Express Blue Cash Everyday

selfmadetool
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Postby selfmadetool » Tue Apr 16, 2013 12:53 am

Vandalized2 wrote:Well I may try that in a few months and if i get two hard hits i will complain to you. I am kidding obviously but I will try it out and see how that goes

Apply for the BCE first. If you get declined, then go for the charge card of your choice. Despite the sentimental value the Green had for me (my father had it, it was my first American Express card, etc.), I found it to be worthless and tossed it when the annual fee was coming up. If you're a big spender, especially if you're running the majority of your charges through one card, charge cards have their value, but I was concerned it would be declined at the wrong time. I used it when I took a woman to a restaurant twice, and thankfully the charges went through, but after reading some of the American Express horror stories online, I wouldn't do that again. It's a pretty card, though. I also love the way how charges are more descriptive than with other issuers, but I get that on my BCE, too.

432521 wrote:I chose the BCE because i refuse to pay an annual fee on any card.

Keeping your spending habits in mind, Vandalized2, since the annual fee for the BCP is waived the first year, you can apply for the BCP, reap the benefits of a bigger sign up bonus and higher cash back percentages, then downgrade if you find the BCE would better suit your needs.
Bank of America: BankAmericard Cash Rewards ($10k); Accelerated Cash Rewards ($12k)
Chase: Freedom ($2.6k); Amazon.com Rewards ($5k)
American Express: Blue Card Everyday ($14k)
Citibank: Forward ($7k); ThankYou ($10.5k)
Discover: More ($14.5k)
Barclaycard US: Barclaycard Ring ($9.4k)
GECRB: Banana Republic ($4.5k); Amazon.com Store Card ($10k)
Comenity: J. Crew ($3.6k)

beef.stu
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Location: Bay Area

Postby beef.stu » Tue Apr 16, 2013 1:54 am

I feel like you have a good chance at getting the BCE. My situation was fairly similar having my WF platinum and a Chevron gas card since I was 18, although I was 21 when I applied a few months ago.

I only put down a 13k income, but I also listed that I was a student under occupation so that may have helped me out a little. Hope you have as much luck as I did!
(01/10) - Wells Fargo VISA Platinum
(05/10) - Techron Advantage
(10/12) - Amex BCE
(02/13) - Chase Freedom VISA
(09/13) - Discover It
(03/14) - Sallie Mae WMC
(09/15) - Citi Double Cash WEMC
(09/16) - US Bank Cash+ VISA Signature
(01/17) - Amazon Prime Rewards Visa Signature

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Snowman
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Postby Snowman » Tue Apr 16, 2013 10:15 am

Vandal- I'm pretty certain as I have seen people do it and they get one of each. You can visit the myfico forums and just read some of the topics on there about this.

My personal opinion of the card is that it is excellent for my needs. I have a BOFA Cash Rewards card, and the BCE comes in handy when I'm paying off my Cash Rewards card and I need a card to fill up my car, as well I do a little bit of shopping here and there so the Department store seems pretty good. I actually have a PRG (I'm too lazy to change my signature...lol.) and it is a good card if you spend a lot. The main reason why I got it in the first place was to get my foot in the door with them. I really want the BCE and maybe the SPG later on. I'm planning to cancel it however, in October since I don't think I can justify the annual fee, but maybe I will be opening up another one, someday when I'm making more money. It just shows an account, and whatever my highest balance was is what is reported as my line, but I pay before the statement cuts, so there's never a balance there. It doesn't affect UTI because it never has a balance. It is an NPSL and it grows with you if you use it wisely, by increasing your overall spending power. Just be careful with it. I prefer having a revolver because I like knowing my limits, instead of praying that my card won't be declined anywhere I go.
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.

Vandalized2
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Postby Vandalized2 » Wed Apr 17, 2013 12:07 am

Snowman- The concept of a charge card is 100% foreign to me, and before I started reading this forum I did not even know what they were.(And I freaking work for a bank!) I have learned a lot through this site and it is very helpful for opinions and such. It has given me insight and let me know what I have done wrong in the past and what I have done right , and hopefully I have done more right then wrong except when I had absolutely no credit and wasted three INQ's on pathetic cards, but that was three years ago when I was 18 forgive me.

tigerhunt2011
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Location: Tucson, AZ

Postby tigerhunt2011 » Wed Apr 17, 2013 2:59 am

Well done on the credit history! I'm 20 as well, college student with $35k annual income from combined sources. I applied for my first AMEX when I was 19, with one year of perfect payment and no more than 30% util on a secured Bank of America card (which was later unsecured) and one year of being an Authorized User on a Business Platinum Account. I applied and was approved for both a Premier Rewards Gold (no preset spending limit) and the Delta SkyMiles Gold with a $2500 limit. The cool thing is, if you're ever put as an AU first, you can have your own cards backdated to the original AU date, showing older accounts. So when I got not one but TWO AMEX accounts in 2012, they both backdated to when I was first made an AU on the Bus Plat in 2011, boosting my credit score considerably. Just got approved for the Delta Gold Business card as of 4/13 and had it backdated to the 2011 date too.
AMEX Business Platinum AU-NPSL-07/11
AMEX PRG-NPSL-07/11
AMEX BCE-$2000-07/11
AMEX MB Platinum-NPSL-08/13-->07/11
AMEX Biz Gold Rewards-NPSL-08/13-->07/11
AMEX Biz DL SkyMiles Gold-04/13-->07/11
BofA Alaska Airlines Visa Classic-$2500-06/11
Barclays US Airways Platinum Mastercard-$1500-04/13
Chase Sapphire Preferred-$5,000-08/13
Citi AA Select AMEX-$2000-01/13
Citi AA Visa-$2000-01/13
Citi AA Platinum Select Visa Signature-$5000-08/13
Citi AA Platinum Select World Mastercard-$2500-04/13
Citi Business AA World Mastercard-$1000-08/13
Citi ThankYou Preferred-$2000-04/13
Express-$650-01/12
GECRB Paypal Mastercard-$3500-04/13



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