How to get an American Express card with bad credit?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
3 posts
CJC
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Joined: Sat Aug 07, 2010 10:46 pm
Location: Long Island, NY

How to get an American Express card with bad credit?

Postby CJC » Mon May 21, 2012 9:21 am

Hi Everyone,

I applied for an American Express card twice and got denied. I'm just wondering if anyone has any tips that could put me in better chances?

I'm 19 years old and currently have 2 credit cards; Bank Of America (secured) / $300 limit and a Capital One platinum card / $750 limit. I also have a car loan with about $11k remaining.

As far as credit history goes, my oldest account is about two years old. I've never checked my FICO score but I know my Experian score is 697.


CCG
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Location: Austin, TX

How to get an American Express with fair credit

Postby CCG » Wed May 23, 2012 7:12 am

Welcome to the forum! Which American Express card(s) did you apply for?

From my experience the easiest one to get
is the Gold version of the Delta SkyMiles. Although it is not specifically for bad credit (no American Express is) there have been numerous reports on our forum of applicants getting approved with little credit history and below average credit history. I hear more people having success with getting approved for that versus any other American Express card. I regularly hear from people with FICOs in the mid to high 600's getting approved.

Check out my Delta SkyMiles credit card review for more info. But if you have "bad" credit you're not going to get it.

If you have less than a 650 credit score and/or bankruptcy in the last 7 years and/or charged-off accounts within the past 3 years) then you probably won't get approved for the aforementioned card. Instead I would make this your game plan:

  • Step 1: Increase the number of unsecured cards you have. Build it up so you have at least 3-5 credit card accounts in good standing. Here are some good entry-level unsecured cards to consider.
  • Step 2: Manage them for 6-12 months, always paying on time and carrying no long term balances.
  • Step 3: Then try applying for the Delta Gold.
Good luck!
CreditCardGuru

CJC
Green Member
Green Member
 
Posts: 5
Joined: Sat Aug 07, 2010 10:46 pm
Location: Long Island, NY

Postby CJC » Fri May 25, 2012 3:09 am

Thanks! I'll look into the card. I think one of the biggest mistakes I made was applying for the Gold Card twice as I was just starting out with credit. Bad move...



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