Thread: An introduction and a question!

Just a quick update:

I haven't gotten my card yet, but I did get a little welcome/congratulation letter, and in it, they DID include my FICO credit score. It was pulled from Experian, and pegged at 705. It's not the world's absolute best, but it was better than I thought it'd have been, haha...

Like I said - I don't know quite how this all works... Did my score start out at 850 and come down? Or does it start low and build up over time?

Best,

-Jay

credit scores start low and you build up.....in two billing cycles (61 days) you can request a credit limit increase. the rule of thumb for the CLI is about 3x what your current credit limit.

Originally Posted by HipHopSays

credit scores start low and you build up.....in two billing cycles (61 days) you can request a credit limit increase. the rule of thumb for the CLI is about 3x what your current credit limit.

Thanks for the heads-up! Once I get my card (which should be any day, now!), I'll be going down the path of being added as an authorized user on one of my parents' Amex accounts, and then having my own card backdated. I know my mom has a Green card that's dated '84, and that my dad has a Platinum floating around somewhere, too... I'm not sure what that card's date is, and it may be a corporate card he ordered, so I'm not sure it'd be better for what I'm trying to do than the Green.

Either way, if that whole backdating affair goes well, I'll hopefully see a nice little uptick on my own credit report after a little while!

Just a quick update:

I received my new card yesterday, went through all the paperwork & the online setup, and I have to say - I'm very happy!

I didn't ever get a chance to check on my CL online or by phone (I'm not even sure that's an option!), but the paperwork sent with the card has it pegged at $4,500... Honestly, I'm surprised it wasn't more than half of that, but hey - that's not a complaint! On the contrary, actually, it makes me feel really good about being able to keep my credit utilization low... Really, I just plan on using this to replace my debit card - I'll use my Amex to pay for whatever I'd normally use my debit card for, pay the whole thing off each month, and never look back!

I figured this would be a good way to get my foot in the door with Amex, as well as to work on building up my credit score which is right now at 705 through Experian.

Now that I have my card in hand, the next step is to work on getting that "Member Since" date changed ;-)

Congrats. I have heard of authorized users getting their Member Since date on their own personal cards changed to the Member Since date on the card that they were the AU on; however, since it pre-dates your date of birth (1984 vs 1987) there would be a notation on your credit reports that credit was established prior to your birth. Not a big deal at all really. I would be more worried about a cashier giving you the once over when a babyfaced 24 year old presents a 27 year old Amex lol.

Thanks!

I'll tell you that it's not too terribly big of a deal for me to get the date changed, but it'd be nice - especially if it'll help me with my credit score at all. I always wondered how that age-vs-credit disparity would be handled, but that sounds decent enough to me =)

I think my new card's great, though - it makes everything I use it for feel like an occasion, haha!