Credit Card Forum
+ Reply to Thread
Page 1 of 3 1 2 3 LastLast
 
  1. #1
    Platinum Member
    Join Date
    Sep 2012
    Location
    Fort Dix, NJ
    Posts
    80

    Default Opening a New AMEX with a hard limit. Suggestions?

    Hello all. I'm new to the forums so just to give you a little bit about myself.....

    I'm a 26 year old servicemember (Army E-6)
    I have 700s+ across the board
    My first Amex was the Green (1/2011)
    I've since then upgraded to the Gold Regular (2/2012) with pre-approvals for PRG and Platinum.
    On average I charge 3-4k on my Gold and pay with no problems.

    I'm looking to boost my credit scores just a tad as I am on the market for a new vehicle. I'm looking at staying with Amex simply because I've had nothing but great experiences with them. Any recommendations on revolving AMEXs? Once again, I'm simply looking to bump up my scores by increasing my overall credit limit (16K).

    Any insight would be greatly appreciated!
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  2. #2
    Green Member
    Join Date
    Aug 2012
    Location
    north, texas
    Posts
    23

    Default

    Quote Originally Posted by Jslimm1985 View Post
    Hello all. I'm new to the forums so just to give you a little bit about myself.....

    I'm a 26 year old servicemember (Army E-6)
    I have 700s+ across the board
    My first Amex was the Green (1/2011)
    I've since then upgraded to the Gold Regular (2/2012) with pre-approvals for PRG and Platinum.
    On average I charge 3-4k on my Gold and pay with no problems.

    I'm looking to boost my credit scores just a tad as I am on the market for a new vehicle. I'm looking at staying with Amex simply because I've had nothing but great experiences with them. Any recommendations on revolving AMEXs? Once again, I'm simply looking to bump up my scores by increasing my overall credit limit (16K).

    Any insight would be greatly appreciated!
    I'm new here too, and there is lots of knowledge and decent friendly members here. I'm certain good advice is forthcoming to you. Sorry, I don't have any to give you.

    I responded because I wanted to say, many, many thanks for your service to this country.

    I wish you all the best in your military career.

    Much pride in my heart out to you, and all those that serve now, and have in the past.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  3. #3
    Centurion Member
    Join Date
    Jul 2011
    Location
    New York
    Posts
    1,341

    Default

    As for the car loan, I've been seeing credit unions with very low rates, in the 2% APR neighborhood. No reason you shouldn't get a loan at that rate with your good credit.

    Amex is an OK network but sometimes merchants just won't take 'em.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  4. Gold Member
    Join Date
    Aug 2012
    Location
    PA, USA
    Posts
    46

    Default

    Quote Originally Posted by Jslimm1985 View Post
    Hello all. I'm new to the forums so just to give you a little bit about myself.....

    I'm a 26 year old servicemember (Army E-6)
    I have 700s+ across the board
    My first Amex was the Green (1/2011)
    I've since then upgraded to the Gold Regular (2/2012) with pre-approvals for PRG and Platinum.
    On average I charge 3-4k on my Gold and pay with no problems.

    I'm looking to boost my credit scores just a tad as I am on the market for a new vehicle. I'm looking at staying with Amex simply because I've had nothing but great experiences with them. Any recommendations on revolving AMEXs? Once again, I'm simply looking to bump up my scores by increasing my overall credit limit (16K).

    Any insight would be greatly appreciated!
    You should be okay to app for a blue cash everyday. You're situation sounds similar to mine (other than occupation but thank for for all that you do for our great country!). I charge about 2.5-3k through my amex charge cards and I app'd for BCE, got a 7.5k limit which is a great initial CL. As long as your reports are squeaky clean and you have good history, you should have no problems getting approved with a decent CL. Than, you can ask for 3x your CL 61 days after you activate.
    Amex PR Gold - NPSL (Daily) [8/2012]
    Amex Zync - NPSL (Ex-Daily) [10/2010]
    Amex BCE - 19.2k [8/2012]
    Chase Freedom Visa - 5k [8/2012]
    PSECU Visa/PSL - 20k [9/2012]
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  5. #5
    Platinum Member
    Join Date
    Sep 2012
    Location
    Fort Dix, NJ
    Posts
    80

    Default

    Quote Originally Posted by tlp123 View Post
    I'm new here too, and there is lots of knowledge and decent friendly members here. I'm certain good advice is forthcoming to you. Sorry, I don't have any to give you.

    I responded because I wanted to say, many, many thanks for your service to this country.

    I wish you all the best in your military career.

    Much pride in my heart out to you, and all those that serve now, and have in the past.
    @tlp123...Well I appreciate the support! I love what I do so I'm more than happy to serve.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  6. #6
    Platinum Member
    Join Date
    Sep 2012
    Location
    Fort Dix, NJ
    Posts
    80

    Default

    Quote Originally Posted by SignHere View Post
    You should be okay to app for a blue cash everyday. You're situation sounds similar to mine (other than occupation but thank for for all that you do for our great country!). I charge about 2.5-3k through my amex charge cards and I app'd for BCE, got a 7.5k limit which is a great initial CL. As long as your reports are squeaky clean and you have good history, you should have no problems getting approved with a decent CL. Than, you can ask for 3x your CL 61 days after you activate.
    Thank You SignHere
    Oh wow! 7.5K isnt bad at all for an initial CL. I'm just going to wait for a bit and lower my utilization down below 20% (currently 40%) and I should be good. Thank You. There's a wealth of knowledge here. I'm sad I didn't find out about this site earlier. I could've educated myself YEARS ago! lol
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  7. #7
    Centurion Member PlatinumAMEX94's Avatar
    Join Date
    Jan 2012
    Location
    Denver
    Posts
    345

    Default

    Quote Originally Posted by Jslimm1985 View Post
    I have 700s+ across the board
    If your credit score is 700+ then you will qualify for the sames rates as someone who is 800+. No need to do anything new/change to your credit. Opening new lines of credit will decrease your average account age, not a good thing.

    USAA will give you a great rate, and preapprove you. Don't bother with other financing unless it is 0%.
    American Express Platinum Personal, Member since 94
    Chase United Explorer - Visa Signature
    Chase Sapphire Preferred
    American Express Business Simply Cash

    American Express Costco Business, American Express Platinum Business
    Bank of America 10k, Capital One Venture World MasterCard 7.5k, Fidelity Visa Signature 10k
    Citibank ThankYou Premier World MasterCard - Card Member since 91, 25k
    Discover 10k Member since 91, Wells Fargo Personal & Business Visa Signature
    USAA World MasterCard 12k, Chase Slate Exclusives Visa 5k

    Lifelock member, USAA credit monitoring, Security Freezes E/E/TU, 800+
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  8. Platinum Member
    Join Date
    Sep 2012
    Location
    Fort Dix, NJ
    Posts
    80

    Default

    Quote Originally Posted by PlatinumAMEX94 View Post
    If your credit score is 700+ then you will qualify for the sames rates as someone who is 800+. No need to do anything new/change to your credit. Opening new lines of credit will decrease your average account age, not a good thing.

    USAA will give you a great rate, and preapprove you. Don't bother with other financing unless it is 0%.
    Thank You so much! I've always heard USAA is awesome when it comes to the whole ordeal of looking for a new vehicle. USAA is my primary banking institution so I'll be sure to finance with them as well. Either USAA or my small town credit union which I've had 4-5 loans through with great repayment history.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  9. #9
    Centurion Member
    Join Date
    May 2012
    Location
    Atlantic City, NJ
    Posts
    340

    Default

    Blue Cash Everyday and Blue Cash Preferred are good Amex revolvers to generate cash back rewards. Everyday carries no annual fee, and 3% at the grocery store, 2% for gas and department stores, and 1% everywhere else. Preferred has double rewards on groceries and gas/department stores, 6% and 3% respectively, but carries a $75 annual fee. If you shop at the Dix/McGuire commissary for groceries, the prices are already low, and you can earn some serious cashback with either one of these American Express cards.

    Pentagon Federal Credit Union has some awesome credit cards and car loan rates, and can be found at www.penfed.org. If you are interested in their products, it would be easy for you to join, as you are a member of the military. I'm a member of 4 credit unions and PenFed almost always outperforms the rest in service and products, I highly recommend trying them out. Good luck!
    Now she's eyeless.
    The snakes she held once
    Eat up her hands.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  10. #10
    Platinum Member Socelli's Avatar
    Join Date
    Aug 2012
    Location
    El Paso, TX
    Posts
    79

    Default

    I agree with PlatinumAmex94. USAA is a great bank with multiple loan instruments. Their auto loans rates and financing are among the best in the finance/banking industry. Your credit scores are high enough to get you a great rate. USAA also offers an American Express card to their members that's an actual credit card and not a charge card like your Amex Gold card. I'm like you. I have a Amex Gold card and an Amex Gold Business card but I also carry a USAA Amex card in my wallet. It's good to have the option to pay an Amex charge over time.

    Also, thanks for your service. Your sacrifice hasn't gone unnoticed. May you and your family have a blessed life.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

+ Reply to Thread
Page 1 of 3 1 2 3 LastLast
 
These forum posts are not provided or commissioned by the bank advertiser. Posts have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Advertiser Disclosure: The credit card offers that appear on this site are from credit card issuers from which CreditCardForum.com receives compensation. This compensation may impact how and where products appear on this site, including the order in which they may appear within listing categories. CreditCardForum.com does not include all credit card offers that might be available to consumers in the marketplace.