American Express Gold Card Requirements

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
8 posts
vacale123
 
Posts: 1
Joined: Mon Dec 20, 2010 1:06 pm
Location: Chicago

American Express Gold Card Requirements

Postby vacale123 » Mon Dec 20, 2010 1:25 pm

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
$65k salary.
761 credit rating


MiguelSanchez
 
Posts: 1
Joined: Fri Dec 24, 2010 4:43 am
Location: San Diego, CA

Postby MiguelSanchez » Fri Dec 24, 2010 4:55 am

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.

CC Deville
Centurion Member
Centurion Member
 
Posts: 998
Joined: Thu Aug 04, 2011 7:07 pm
Location: Phoenix

Postby CC Deville » Sat Aug 13, 2011 5:02 pm

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.


e24kgold
 
Posts: 1
Joined: Mon Oct 17, 2011 9:33 am
Location: virginia

Amex gold Mail offer

Postby e24kgold » Mon Oct 17, 2011 9:36 am

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?

Thanks

Money card
Centurion Member
Centurion Member
 
Posts: 1361
Joined: Tue Jun 28, 2011 10:13 pm
Location: New York state

Postby Money card » Sat Oct 22, 2011 12:53 am

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?

4Runner
Centurion Member
Centurion Member
 
Posts: 148
Joined: Tue Aug 16, 2011 7:33 pm
Location: Pleasanton, CA

Postby 4Runner » Wed Oct 26, 2011 4:25 pm

Same advice, if you want the card, go for it

If you are declined, that will tell you need to work hard on your credit history and performance to get it improved. If you are approved, then you are done and happy with the card you want.

shaddix
Green Member
Green Member
 
Posts: 12
Joined: Mon Oct 31, 2011 9:30 am
Location: alabama

Postby shaddix » Wed Nov 09, 2011 8:39 pm

auto baddies don't hurt you as bad as credit card baddies do when apping for credit cards.


cgt2010
 
Posts: 1
Joined: Wed Jan 11, 2012 5:45 pm
Location: Windham, NH

Just got approved for Amex Gold

Postby cgt2010 » Wed Jan 11, 2012 5:54 pm

I just got approved for an Amex Gold with an Equifax was 676 a few days ago so I decided to apply. The approval required a call in to verify home address with my personal bank on 3way.

I generally use my debit card for everything and have for the last 3 years. I didn't think I would get approved due to a decline that happened in 2007 from Amex, but my Equifax score then was 610.

For all you Amex experts what is the best approach in using the card as it relates to building up the so called "no limit" threshold. I do know that many individuals have no limit, but I can imagine that there is road block while earning trust with Amex.

I am self-employed and a competitor is always bragging about how he uses his Platinum Amex for certain inventory to the tune of $100k in which I do the same, but currently pay via wire transfer.

My only credit card is an Orchard Bank card with a $1500 limit. I am researching the forums now, but advice would be greatly appreciated. Thanks :D



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