American express approval?

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Jamesn
 
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American express approval?

Postby Jamesn » Sat Jan 25, 2014 6:39 pm

Hi,

I'm brand new to the forums here and I was just looking to receive some advice. I'm 19 years old, and have a stable job as well as 2 credit cards. What I'm trying to do is obtain an American express card. I don't care if it's a charge card or credit card, as I pay in full at the end of each month. I want an Amex mainly because of the exclusive customer service and it is considered a premium card over visa or mc. I applied once already for just the basic air miles one and I was declined. How long should I wait to re apply? Is it possible for someone at my age to get approved for an amex? Which is the easiest one to get approved for? Some more info on me: I have 2 mastercards, both with separate banks, with a combined total credit limit of $2000. I've never carried the balance (only once by accident). My cell phone is under my name and is always paid on time (only 1 past due but was paid in full the next day). I'm not sure how my credit is, I'm assuming it's Ok as I am still young and don't have much history. Also, I do have quite a few inquiries on my credit report, as I've applied for a few things such as future shop financing and apple store financing. Please give me advice.


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nismoZtuner
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Postby nismoZtuner » Sun Jan 26, 2014 8:19 pm

Jamesn wrote: I'm 19 years old, and have a stable job as well as 2 credit cards.


Im 21, i first applied for an amex card when i was 20 two month before turning 21 and was accepted. i applied for the blue cash on 5/13 Approved for a credit limit of 2k (3K now) and then a month later i applied for the premiere gold and was approved with out a problem and the only card i had was a bank of america card for almost a year.

so im not sure how you got denied, what is your income? that could be the problem
TU 752 (+4) - [5/9/2014] CK 726 - [11/24/14] EX 725 - [11/20/14] EQ 710
BankofAmerica Cash Rewards [2k] I American Express Blue Cash Everyday [3K] l Discover IT[2.5]
American Express Premier Rewards Gold [NPSL] I Marriott Rewards Premier [5k]
Chase Sapphire Preferred[7.3]
Inquires: TU(?) EX(?) EQ(?)
TCL-$19,800
Age-22

MemberSince99
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Postby MemberSince99 » Sun Jan 26, 2014 9:25 pm

Like Nismo said look at the reasons you were declined and work on this to get best chances. Amex doesn't care if you are 19 or 99, as long as you meet the criteria for their card you can get it. I would work on the issues they list and give it at least 60 - 90 days and if you can improve those things, apply then, otherwise however long it takes.


The "easiest" cards are basically any of the charge cards (Green, Gold, etc) or the Delta card is the easiest revolver, so the evidence seems to indicate.


Maybe the inquiries were one of the reasons listed - I'm guessing yes. In that case just give it 6 months for them to age a bit and then try again. Again, read what they told you the reasons were for the decline and work on those.

takeshi
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Postby takeshi » Mon Jan 27, 2014 8:45 am

Jamesn wrote:I want an Amex mainly because of the exclusive customer service and it is considered a premium card over visa or mc.

You might want to reconsider the second reason. AmEx is just another card. You can't assume that any AmEx is universally "more premium" than any Visa or MC. Select that card based on your specific needs/wants and not on the image that you assume the payment network to have associated with it.

Jamesn wrote:I applied once already for just the basic air miles one and I was declined. How long should I wait to re apply?

Time really isn't the determining factor. What was the reason(s) stated for the denial? Did you check your reports? Has the issue been addressed? Don't just assume that waiting will lead to an approval.

Jamesn wrote:I'm not sure how my credit is

Find out. We certainly don't know what your credit is like and the answers you're seeking depend on the state of your credit.

Jamesn wrote:Which is the easiest one to get approved for?

Charge cards supposedly have easier underwriting criteria. IIRC the Delta card as well.

Jamesn wrote:Also, I do have quite a few inquiries on my credit report

How many exactly is "a few"? How old are each of them? IIRC AmEx can be a bit inquiry sensitive. Inquiries can weigh in more depending on one's credit. A thicker credit profile can generally handle inquiries better than a thin one.



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