Chance for Approval for Amex Green and/or Delta Skymiles Gold

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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HotrodBill
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Postby HotrodBill » Fri Feb 28, 2014 4:08 pm

just curious why they're so heavily looked down on by American Express? I know they are a starter card but I would think showing 4 years of on time payment with them would be a good thing
Amex Green
Amex Delta Sky Miles Gold
Chase Freedom
Barclay Arrival
Citi Diamond Preferred
BofA BankAmericard
Cap One Venture One


giraffe
 
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Postby giraffe » Fri Feb 28, 2014 5:59 pm

Discover IT student does NOT require a 4 year uni.

whit
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Postby whit » Fri Feb 28, 2014 6:47 pm

you have to learn how to be more selective with what you apply for,
also learn to drop cards when you no longer need it and start to have too many in rotation

why did you apply for the jcpenny cc in 04/02/2014? assuming that u reversed the date and month like everyone else that's not in America does

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otter
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Postby otter » Fri Feb 28, 2014 7:58 pm

HotrodBill wrote:just curious why they're so heavily looked down on by American Express? I know they are a starter card but I would think showing 4 years of on time payment with them would be a good thing


The First Premier Bank Card isn't a starter card... secured cards, local credit union cards, Cap One, and store cards are all okay to good choices as starter cards; the First Premier Bank Card is a "my credit rating is so f-ked up, no one else will touch me" card. It's unfortunate (and was probably unnecessary) that you chose to start your credit journey with them, but as a result, by still having their cards(you have more than one?!) you get lumped in with their sub-sub prime customer base; and truth be told, FP cardholders have the highest default rate in the industry by far (and not just on their FP cards, but other cards they hold as well. So you can't really blame an underwriter for denying someone because they have a First Premier card.

So you now have a card by a prime issuer with a decent limit (your Chase Freedom card with a $2k limit. Stop thinking of yourself as a subprime customer who needs to have Cap One and First Premier cards. Your limit on your Freedom card is only $200 less than mine so look at my signature and see what is possible (CAUTION: not saying every creditor sees you and I the same or that you should get the same cards I have). As Whit said... be more selective. Get cards which fit your spending patterns and maximize your rewards. And consider jettisoning your sub-prime cards which have annual fees and no rewards or have high fees all around. It won't hurt your credit score closing them!
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450

HotrodBill
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Location: Belleville Michigan

Postby HotrodBill » Sat Mar 01, 2014 2:41 am

whit, no I opened the card in the start of February because i shop there often, and I had to buy a some clothes for a family member's funeral. at the time, it had been a really long time since I had opened another new trade line, so i figured it couldn't hurt as I thought I was still rebuilding my credit.

otter, first i'd like to thank you for explaining that, i didnt know that there was such a high default rate with FP members. secondly, thanks for the kind words, other then chase approving me, that's the nicest thing anyone's ever said about my credit.
At the time when a FP card was all I had, after a year of solid payments and never missing a beat, they offered me a second card, with a higher limit (400) at which time I thought woo hoo, and took the offer. I then moved into the cap 1 secured card, and on and on to where I am now.

I had actually though about closing the FP cards once the PIF payments post, they've already been debited from my checking account, but have not been posted, as FP posts on the 6th or 9th, depending when they feel like it. My only concern is that with closing them, i'll be losing 15% of my available credit, and dropping my overall total credit to 4K instead of 4700.I do feel personally that they've made enough money off of me, and that the cards are pointless other then having a long age of account, and I worry what the effect of closing them could/would be on my length of credit history.

Finally I would say that your 100% right on how I need to start thinking about my credit, when I opened the freedom card, I was shocked I was approved, being my score was only in the low 640s as far as I could tell, and that on my review of other sites, you needed "excellent" credit to be approved. at the time, I felt amex was a long shot so what the heck, i'll see if these guys turn me down. 2K to start was very nice and very rewarding. thanks again, and let me know what ya think.
Amex Green

Amex Delta Sky Miles Gold

Chase Freedom

Barclay Arrival

Citi Diamond Preferred

BofA BankAmericard

Cap One Venture One

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otter
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Postby otter » Sat Mar 01, 2014 5:51 am

Bill:

Not everything you see on Credit Karma is true... one of the myths that CK perpetuates is that closing cards hurts your average age of credit. In fact, closed accounts stay on your report for ten years (if they are positive tradelines). They may affect your utilization, but I think you could easily replace the $700 on the two FP cards with a nice prime card. Maybe a Barclaycard or some other card.

Good luck- if you keep your credit report clean, you are on your way to prime credit land.
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450

MemberSince99
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Location: WI

Postby MemberSince99 » Sat Mar 01, 2014 8:12 am

otter wrote:Bill:

Not everything you see on Credit Karma is true... one of the myths that CK perpetuates is that closing cards hurts your average age of credit. In fact, closed accounts stay on your report for ten years (if they are positive tradelines). They may affect your utilization, but I think you could easily replace the $700 on the two FP cards with a nice prime card. Maybe a Barclaycard or some other card.

Good luck- if you keep your credit report clean, you are on your way to prime credit land.



I would garden if I were him.

HotrodBill
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Location: Belleville Michigan

Postby HotrodBill » Fri Mar 14, 2014 3:41 pm

Just wanted to give a quick update. I closed those first premier cards, and my score went up lol. I checked my EX score and it was a 686, and mulled it over for a few minutes and said screw it, lets see what happens. I applied for the Premier rewards green card, and was instantly approved, and then applied for the delta sky miles gold card, and was again approved instantly. I feel like I should have gone for the gold card, but over all I am really happy to get my foot into the door with Amex and build my relationship with them. Anyone know if I'd be able to PC into the gold card or do I have to wait 13 months before hand? well looks like I'll be in the garden regardless as I dont feel I need anything else more credit card wise
Amex Green

Amex Delta Sky Miles Gold

Chase Freedom

Barclay Arrival

Citi Diamond Preferred

BofA BankAmericard

Cap One Venture One

User avatar
otter
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Joined: Sat Aug 24, 2013 8:45 pm
Location: Grand Forks, ND

Postby otter » Sat Mar 15, 2014 4:54 am

HotrodBill wrote:Just wanted to give a quick update. I closed those first premier cards, and my score went up lol. I checked my EX score and it was a 686, and mulled it over for a few minutes and said screw it, lets see what happens. I applied for the Premier rewards green card, and was instantly approved, and then applied for the delta sky miles gold card, and was again approved instantly. I feel like I should have gone for the gold card, but over all I am really happy to get my foot into the door with Amex and build my relationship with them. Anyone know if I'd be able to PC into the gold card or do I have to wait 13 months before hand? well looks like I'll be in the garden regardless as I dont feel I need anything else more credit card wise


Congrats! Welcome to the Amex family... I actually didn't know you could still get the green premier rewards card. I think you have to wait 13 months to do a PC but it can't hurt to ask.
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450



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