BCE? Right for me?

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MR.SVT
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BCE? Right for me?

Postby MR.SVT » Tue Mar 04, 2014 8:58 am

Hi guys. So I've had my CapOne Journey for about 7mo now. I've PIF each month, no negatives etc and did get a voluntary increase from CapOne at around 5 or 6mo usage ($500->$750).

Im looking to get my foot in the door with Amex and really like the BCE they offer, the rewards are perfect for me because I really want to use the card for gas and groceries only. I'm a 19 year old student, credit report looks good, about 6% utilization, only 1 or 2 hard pulls from CapOne, no bad marks etc and an overall score of 732 from CreditKarma. Also, I do have a part time job netting me around $15k annually.

I'm wondering my chances of approval for the BCE? Any predictions? I have also heard that I should apply for the green card but I dont like the annual fee (especially that its so high) and the rewards aren't as appealing. Any insight is greatly appreciated!


linuxmachine
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Postby linuxmachine » Tue Mar 04, 2014 10:29 am

Tough call given your income and history. I am assuming your credit history is 7 months total. You could give it a try and live with the ding for a few months. Or if you like, there's a Sallie Mae card that has 5% on gas and groceries up to 250/month. You could also pay off your student loan with it if you have one. This card is easier to get and is a good combo with the BCE. Basically use the SM card up to 250 and fall back on the BCE.

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otter
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Postby otter » Tue Mar 04, 2014 11:00 am

linuxmachine wrote:Tough call given your income and history. I am assuming your credit history is 7 months total. You could give it a try and live with the ding for a few months. Or if you like, there's a Sallie Mae card that has 5% on gas and groceries up to 250/month. You could also pay off your student loan with it if you have one. This card is easier to get and is a good combo with the BCE. Basically use the SM card up to 250 and fall back on the BCE.


That is exactly my strategy. Go with the Sallie Mae and fall back on the BCE when I go over $250/month in groceries- I actually fall back to Chase/Discover for gas if I go over in gas station purchases.
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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