- Centurion Member
- Posts: 257
- Joined: Sun Oct 14, 2012 10:22 pm
- Location: California
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...
At least here in the US, Amex takes students. I have an amex in my own name with a $6k revolving credit line and I'm a 19 year old student with no other employment. Just list the income you're living on regardless of source and have some other positive credit history and no bad history. I would ask for a recon so you don't take another hard pull in 6 months. Since PRG a charge card, they make up all their fixed cards and more with the AF, the only way they lose is if the person doesn't pay what they've charged, not if they charge less than higher income people (although they make more on the latter, the former is profitable).
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