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  1. #1
    Gold Member
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    Default Have only 1 card for 8 months, will I qualify for an Amex?

    23, new to credit cards. Started 8 months ago with capital one rewards card with 500limit now its 750. Credit utilization about 40%. I pay off full each month, never a balance. Now i want American Express for a secondary card. My income 25k a year for now.
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  2. #2
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    IMO if you wait 4 more months and reduce utilty to 30% or less you will have better results.
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  3. #3
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    Default

    Eq: 709
    Tr: 699
    Ex: 730
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  4. Centurion Member
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    i had one card for about 6 months before i applied for my first amex. 3 months after that i got my second amex. Just before my second amex i got a freedom and upgraded my BOA card. I keep my utilization low and never miss a payment. Also i did have a slightly higher income than you but i doubt that made much of an impact.
    Amex Zync - NPSL (Cleared up to 25k)
    Amex BCE - 12000 limit
    Amex BCP - 4200 limit
    FIA Rewards Amex- 3500 limit
    Chase Freedom - 2000 limit
    Chase Slate - 2000 Limit
    BoA Cash Rewards Privileges- 3000 limit
    Barclaycard Rewards MC - 3000 limit
    Discover IT- 3500 limit
    Marriott PR- 5000 limit
    21 years old with alot of life to spend
    Its not about the ending, its about the journey,
    just as long as the ending is just as good
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  5. #5
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    Default

    Also which Amex should i apply for?
    So i shouldnt spent no more than 225? (that is 30% of 750) i usually go up to 280
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  6. #6
    Platinum Member t528491's Avatar
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    Default

    I would say you had a good shot with the Zync, but since it's dead, I'd advise waiting for your utilization to drop.

    02/12 Authorized user on Chase Freedom ($5000)
    08/12 Discover It ($1500)
    08/12 American Express Zync (NPSL)
    12/12 NFL Visa ($500)


    Future cards:
    Citi Forward for Students 6/13
    American Express Blue Cash Everyday 1/14
    Sallie Mae World Mastercard 2014
    Chase Freedom 2014
    Penfed Platinum Rewards Card 2015
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  7. #7
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    bump anyone?
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  8. Centurion Member
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    Clear is an easy card. But with your scores you may quality for green. I also would say zync but I guess they are not taking apps anymore. For zync at least.
    American Express Zync.
    Discover IT. 4.5k limit 7.99%
    MC Citi diamond preferred. 1500 limit
    Visa Chase freedom. 2k limit.(23.24%, NOT IN USE)
    •Miles by discover 1.5k limit.7.99%
    •Best buy store card. 1500 limit
    •Mt. America visa 1k limit
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  9. #9
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    But also.. you have a thin file it sounds like. So I would try, it wouldn't hurt, and if they say no ,maybe look at discover card or Chase freedom for a good a cashback card. And they are a bit easier to quality for I believe.
    American Express Zync.
    Discover IT. 4.5k limit 7.99%
    MC Citi diamond preferred. 1500 limit
    Visa Chase freedom. 2k limit.(23.24%, NOT IN USE)
    •Miles by discover 1.5k limit.7.99%
    •Best buy store card. 1500 limit
    •Mt. America visa 1k limit
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  10. #10
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    Default

    thanks for the reply.. Doesnt experian grade with a faco score?
    I dont know why im rushing to get another card, maybe its because i use my debit card so much that i could build my credit by using a credit card. Should wait to hit a 1 year mark then apply for clear or green?
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