Thread: Applying for multiple Amex cards within a short period?

I'm a young small business owner (early 20s). I've been with American Express since 2008. I originally got added to my father's amex account. He has a Costco Platinum card. A little over a year ago, I picked up the zync card on my own account.

Last year I spent ~34k on my card and have had no late/missed payments and have a decent credit history. Since my history is young, I only have a 767 faco score. (I utilize credit secure through American Express.)

My gross income is ~100k and I have about 25k of liquid assets (checking + retirement accounts)

I really want to get accepted for the Platinum card, as I'm going to be a frequent flyer and would appreciate the benefits of the card.

I called American Express to apply over the phone, but I was a bit weary of applying for the Platinum card because of my limited credit history.

I chose to apply for the Gold Premier rewards out of safety (foolish mistake). I managed to get my application approved and the card is being shipped out.

Would my circumstances yield a platinum card approval?

If I don't activate the gold card, will I be able to apply for a platinum? Would American Express do a second hard credit pull with the second application?

Should I keep the Gold Card for 13 months and attempt an upgrade?

I do not mind the annual fee difference, as the marginal benefits outweigh the marginal costs.

Thanks for all your help.

Should I keep the Gold Card for 13 months and attempt an upgrade?

I do not mind the annual fee difference, as the marginal benefits outweigh the marginal costs.

That sounds like a great idea I would say yes. you never know you might just end up liking the gold rewards better than the platinum.

I would if I were you.

I applied for 3 cards in two days and all was approved. I also already had a clear card totaling four applications in about six months.

This move is highly UN-RECOMMENDED. My application for platinum was for 50 000 Membership Rewards points for new Platinum card signup, transferred 50 k to Delta and I got 30% 15K Point certificate back that was credited back to my account. For 75000 Miles it was worth the hard pull but again I already have all the credit I need and don’t plan on applying for anything for at least two years.

My take is you stay gold, but you know what is best for you.

Hi,

I recently just got approved for the platinum card. But i want another card that's just a credit card. So my question is that a good idea to apply for the blue cash card right after? if not then how long should i wait?

I applied for a Blue Cash Preferred and got accepted with a credit limit of $2000, then turned around and applied for a Green Card a month later and got accepted. Prior to those, I have never had an American Express card before.