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About LinkBacks23, 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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Gold Member
- Join Date
- Oct 2012
- Location
- California
- Posts
- 36
Have only 1 card for 8 months, will I qualify for an Amex?
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Centurion Member
- Join Date
- Dec 2011
- Location
- Texas
- Posts
- 136
IMO if you wait 4 more months and reduce utilty to 30% or less you will have better results.
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Gold Member
- Join Date
- Oct 2012
- Location
- California
- Posts
- 36
Eq: 709
Tr: 699
Ex: 730
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Centurion Member
- Join Date
- Aug 2012
- Location
- MA
- Posts
- 228
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 - 6000 limit
FIA Rewards Amex- 2500 limit
Chase Freedom - 2000 limit
BoA Cash Rewards Privileges- 3000 limit
Discover IT- 3500 limit
20 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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Gold Member
- Join Date
- Oct 2012
- Location
- California
- Posts
- 36
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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Platinum Member
- Join Date
- Aug 2012
- Location
- GA
- Posts
- 63
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 (up to $4500)
Future cards:
American Express Blue Cash Everyday 1/2013
Citi Forward Visa for Students 4/2013
Chase Freedom 4/2013
(eventually) Penfed Platinum Rewards Card
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Gold Member
- Join Date
- Oct 2012
- Location
- California
- Posts
- 36
bump anyone?
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Centurion Member
- Join Date
- Jan 2012
- Location
- Salt lake city, UT
- Posts
- 325
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. "Debit" Card
Discover IT. 4k limit 7.99apr
MC Citi diamond preferred. 1500 limit(balance transfer)
Visa Chase freedom. 2k limit.(23.24apr, NOT IN USE)
Miles by discover 1k limit.7.99apr(balance transfer)
Best buy store card. 1500 limit.(store purchase only)
Mt. America visa 1k limit currently 4.99apr(not in use)
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Centurion Member
- Join Date
- Jan 2012
- Location
- Salt lake city, UT
- Posts
- 325
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. "Debit" Card
Discover IT. 4k limit 7.99apr
MC Citi diamond preferred. 1500 limit(balance transfer)
Visa Chase freedom. 2k limit.(23.24apr, NOT IN USE)
Miles by discover 1k limit.7.99apr(balance transfer)
Best buy store card. 1500 limit.(store purchase only)
Mt. America visa 1k limit currently 4.99apr(not in use)
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Gold Member
- Join Date
- Oct 2012
- Location
- California
- Posts
- 36
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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