American Express Gold Card Requirements
I'm thinking of applying for an Amex gold card, here are my credit rating stats, do you think I got a chance of meeting the requirements?
Student Loans = $50k
American Express Blue for students (opened 05') $3k debt/6K limit
FNBO Visa (opened 06) $0 debt/$10k limit
Discover (opened 09') $0 debt/ $7.5 limit
Macys Card (Opened 09') charge
CareCredit (opened 08) $0debt / $3.3k limit
761 credit rating
You should get instantly approved with that kind of history & score. You could probably even qualify for a Platinum.
Originally Posted by vacale123
Now, here's the kicker, which I did not mention, most of my credit history is 3 years or less. Think that'll matter.
Originally Posted by Keysmasher
You did mention that by putting all the years next to each account.
Originally Posted by vacale123
You shouldn't have an issue getting a Gold Card, assuming your current AmEx account has no blemishes on it.
Many claim that charge cards - such as the Gold - have less strict requirements than most credit cards. This is likely since charge cards are less risky for the issuer.
With that credit history I would be surprised if you were not approved. For our sponsored signup offer check out this American Express Gold Card review.
I applied and was approved for a Gold card in 2008 while I was still a medical student and racking up debt with very little income. I had been an Amex member since 2002 with the Blue Student and/or Cash cards. I did have a bit longer credit history having used a credit card regularly (and always paying off monthly) for about 6-7 years before that.
The fact that I was approved suggests to me that they don't really care all that much about your income, but rather your credit history and personal history with them. I have heard that for the Platinum card they don't have a minimum income as long as you already have an Amex card. As CreditCardGuru suggests, Amex is probably less concerned when you use a charge card because you won't be carrying a balance (or at least not very long before they come after you). From their standpoint, if you're willing to pay the $100+ for a Gold or $450+ for a Platinum, they're happy to take your money.
I would suggest maybe going for a regular Gold card first with whatever bonus you have (get a deal with the first year free), then a year later you can apply for an upgraded card (i.e. Premier Rewards Gold) for another bonus and another year free. I did that and ended up with 2 years free and I believe about 40k in bonus points which has saved me at least $600 in airfare.
Want to go Gold.
I am a 21 year old college student with 2 credit cards:
- Chase Freedom (1/2 Year, CL: $1,500)
- Citi Forward Card (2 Years, CL: $2,100)
I am a full time student and I also intern full time (I make about $40,000 through my internship). I'm pretty independent, I pay my own tuition so seasonally so my spending is pretty high, especially with the tuition hikes here in New York. With that in mind, I wouldn't classify myself as a "struggling college student" either, I manage myself pretty well financially. I've never missed a single payment for any of my credit cards and have always paid my balance off in full. My main goal with the credits cards since I first opened my Citi Forward was to build my credit history.
Recently, I've been eyeing an American Express card and after reading the review for the AMEX Green (thanks for putting up such an insightful review!), I realize that for what the monthly fee is, I should just go ahead and apply for the AMEX Gold (Premiere possibly?). Given my situation and my financial circumstances, what do you all think my chances of getting the Gold are? What about the Gold Premiere? (Since my 2x credit cards are both Visa, I figure I'll get one more that is Master Card, add that with the AMEX Gold, and my credit score will be a lot more diversified.) It was only eye candy to me initially but after reading about all the perks, points, entertainment, the card is certainly promoting the kind of lifestyle I enjoy living.
Your opinions are greatly appreciated!
Are you simply trying to get your foot in the door with Amex or do you really want the rewards?
If you are just trying to get your foot in the door with Amex and you are not interested in rewards and you want to keep costs down then I would suggest a Zync. When you graduate and are making great money then you can upgrade to a Gold or Premier Rewards Gold (Zync is currently not allowed to be upgraded; however, since Amex backdates to your original Member Since year any new account would report as opened in 2011).
If you are interested in rewards then hands down you should go for Premier Rewards because the rewards are much better than Gold. The annual fee is waived for the first year so you can test drive it.
Either way, charge cards are less of a risk to Amex and you shouldn't have any problem qualifying unless you are near 6 figures in student loan debt.
Amex gold Mail offer
I just received a Amex Gold offer in the mail. My credit score with Experian is about 665 and have medium debt to avail. credit. What are the chances i will get approved?
need more information. first of all do you travel on business? what other cards do you have ? do you only have store cards?
do you pay your bills in full or over time?