I have a 717 credit score, what are my odds or approval?

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lubic4sho
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I have a 717 credit score, what are my odds or approval?

Postby lubic4sho » Thu Nov 28, 2013 9:46 am

Hey everyone, I'm 20 years old and I have a question regarding my odds of getting approved for an AMEX green card.

Ok, so according to credit karma this is what my credit report looks like:

Score: 704
Credit Card Utilization: 0%
Average Age of Open Credit Line: 1 yr 8 mo
Total Accounts: 3 (1 credit card, 1 car loan, 1 student loan)
Credit Inquiries: 4 (most recent one was in June 2012)

And according to Experian.com:
Credit Score: 717
Revolving Credit to Debt Ratio: Credit 78%/Debt 22%

So what do you guys think? I'd love to be able to apply and approved!

Thanks everyone!


Gb24
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Postby Gb24 » Sat Nov 30, 2013 7:33 pm

You will be fine. I got approved in the low 600s. Mainly, because it's the holiday season and they want me to spend money.

MemberSince99
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Postby MemberSince99 » Sat Nov 30, 2013 7:59 pm

It looks fine. Never can tell for certain with Amex, but I'd bet on you being approved.

samhradh
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Postby samhradh » Sat Nov 30, 2013 8:06 pm

An aside: why Green? With a $95 annual fee and a low MR points earning rate you may be better served by a BC or BCP.

Back on topic: I would say your odds are good. The Green is AmEx's entry level MR card so the requirements are not too stringent. Good luck.
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MemberSince99
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Postby MemberSince99 » Sat Nov 30, 2013 8:09 pm

Maybe. He didn't give what he's looking for.


It's a foot in the door with Amex, and the revolvers do have a higher underwriting criteria (except for Delta Gold). So the easiest way in the door might be a charge card or he might simply just want that. Hell who knows good point, but low 700s might be pushing it I'd go for the sure way in THEN maybe go for a revolver if successful. Of course in that case it would make sense to do it in January for backdating....

DavidNY
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Postby DavidNY » Sat Nov 30, 2013 8:12 pm

samhradh wrote:An aside: why Green? With a $95 annual fee and a low MR points earning rate you may be better served by a BC or BCP.

Back on topic: I would say your odds are good. The Green is AmEx's entry level MR card so the requirements are not too stringent. Good luck.


Agreed :)

lubic4sho
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Postby lubic4sho » Mon Dec 02, 2013 1:34 pm

Thanks guys! I got approved for Green!!!

I know rumor has it that if you can get green you can get gold, but I didn't want to risk applying for Gold and getting rejected while sustaining a hard inquiry.

Plus I'm young, only 20 yrs old, so if I wait the 13 months and decide to get gold I'll only be 21. So I think I'm doing well!

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nismoZtuner
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Postby nismoZtuner » Wed Dec 04, 2013 12:40 pm

Congrats!

Well when i applied for my PRG i was 20y/o (5 months ago) and i had a TU credit score of 740 something. but i had a blue cash card a month before applying for my second card with amex.

so yeah i bet you can or could of gone with the the gold card and then downgrade to the green if you didnt want to pay that fee!
- i dont know if you can call and tell them you change your mind and then downgrade once the year is up..
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hockeyplayr
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Postby hockeyplayr » Mon Aug 18, 2014 9:44 am

Congrats! An amex charge card was my second card after only 5 months of history with revolving credit (had student loans for years before that). Then one month after that I was approved for a BCE with a 710 EX score. I received the highest apr though. However it is definitely possible to get a revolver in the low 700s

EDIT: My bad necroed the hell out of an old thread.
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popamode72
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Postby popamode72 » Mon Aug 18, 2014 3:30 pm

lubic4sho wrote:Thanks guys! I got approved for Green!!!

I know rumor has it that if you can get green you can get gold, but I didn't want to risk applying for Gold and getting rejected while sustaining a hard inquiry.

Plus I'm young, only 20 yrs old, so if I wait the 13 months and decide to get gold I'll only be 21. So I think I'm doing well!


Awesome! Congrats. We're the same age BTW though you seem to have longer credit history than I have. I got my foot in the door through the Delta card at 19 and was able to get two other Amex cards two months later amazingly enough.

The big reason I got the Green rather than the other charge cards where I'd have to pay a higher annual fee to have them is because I came to the conclusion that it would be good enough to fit my needs and spending patterns and that I don't wanna pay a big AF to have certain rewards that I'm pretty sure I could get with other cards out there and I also came to the conclusion that there wasn't that much of a difference between the non PRG Gold card and the Green card. Besides, my EveryDay card seems to have the best rewards out of a lot of the cards I use now.
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