Didn't get approved for Gold Card (UK)

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vettel1
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Postby vettel1 » Fri May 10, 2013 10:41 am

Reclusive46 wrote:Sorry, I didn't realise you were a student. Amex seems to only be interested in people who work full-time or who are homemakers at the moment. Stupid really as they would be far better off getting younger people, keeping them for many years.


Apologies, I probably should have mentioned that in my OP. Not too annoyed then seeing as it sounds like a genuine reason not to give me a card. I graduate in June so I'll apply again once I have a full-time job!
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Reclusive46
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Postby Reclusive46 » Fri May 10, 2013 2:21 pm

vettel1 wrote:Apologies, I probably should have mentioned that in my OP. Not too annoyed then seeing as it sounds like a genuine reason not to give me a card. I graduate in June so I'll apply again once I have a full-time job!


Good luck, just remember Amex have the 6 month reapply period.
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vettel1
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Postby vettel1 » Fri May 10, 2013 3:26 pm

Reclusive46 wrote:Good luck, just remember Amex have the 6 month reapply period.


Thanks. Yeah, I'll wait until 6 months have passed think about applying again.

At least they didn't search my credit report so an Amex search won't show up. I guess there's a positive!
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FastSRT8
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Postby FastSRT8 » Fri May 10, 2013 8:07 pm

vettel1 wrote:Thanks. Yeah, I'll wait until 6 months have passed think about applying again.

At least they didn't search my credit report so an Amex search won't show up. I guess there's a positive!


Hang in there... best to apply after you have a job and built some credit. Maybe get a secured card first? Build some good credit history and make it harder for Amex to turn you down.
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vettel1
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Postby vettel1 » Fri May 10, 2013 8:15 pm

FastSRT8 wrote:Hang in there... best to apply after you have a job and built some credit. Maybe get a secured card first? Build some good credit history and make it harder for Amex to turn you down.


I will! I'll just have to be patient.

I already have two credit cards paid in full every month as well as a pay monthly phone contract, again paid in full. I have a 2 year settled pay monthly phone contract on my credit report as well which was paid in full every month. Do you think I would still need a secured card to improve this?

Also, is it good to keep a current account open that you've had for over 10 years if you don't use it often? I use my HSBC Student account as my main checking account now so I don't have much use for my RBS current account.
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Postby flan » Fri May 10, 2013 10:18 pm

Reclusive46 wrote:Sorry, I didn't realise you were a student. Amex seems to only be interested in people who work full-time or who are homemakers at the moment. Stupid really as they would be far better off getting younger people, keeping them for many years.


Amex has a bunch of bright people working for them. They know the market they want to be in, and have decided that it doesn't include people who don't have money. That makes sense; many of the costs associated with an account (sending a bill, dealing with customer service requests, etc) are pretty much fixed per account, but the income from an account grows with the activity (swipe fees and interest fees). Better for them to have card holders who spend in a month what a student could in a year. The students will apply when they get a job...

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Postby Reclusive46 » Sat May 11, 2013 9:32 am

flan wrote:Amex has a bunch of bright people working for them. They know the market they want to be in, and have decided that it doesn't include people who don't have money. That makes sense; many of the costs associated with an account (sending a bill, dealing with customer service requests, etc) are pretty much fixed per account, but the income from an account grows with the activity (swipe fees and interest fees). Better for them to have card holders who spend in a month what a student could in a year. The students will apply when they get a job...


Indeed. Amex's target market in the UK is also very different from the US. In the UK Amex is probably more of a premium product, whereas in the US Amex cards at aimed at more of a variety of consumers.
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Z06Biker
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Postby Z06Biker » Sat May 11, 2013 5:51 pm

I wish there was a UK Express. I'd apply for one of those.
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Reclusive46
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Postby Reclusive46 » Sun May 12, 2013 5:05 am

Z06Biker wrote:I wish there was a UK Express. I'd apply for one of those.


Lol all Amex need to do is make a charge card and replace the centurion with our queen :P
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vettel1
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Postby vettel1 » Sun May 12, 2013 3:27 pm

Reclusive46 wrote:Lol all Amex need to do is make a charge card and replace the centurion with our queen :P


Maybe replace the Queen for Robert the Bruce (or Sir Alex Ferguson) for us Scots though.. :P
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