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About LinkBacksI am 23 years old, have fair credit (FICO 600) and make decent money for my age, with nothing negative on my credit score in the past 4 years. I was denied for the Amex Zync a while ago and then denied for the Amex Green a week or two ago.
Would having the Amex Prepaid card help my desired membership for a charge card?
Thanks
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Green Member
- Join Date
- Nov 2012
- Location
- Baltimore, MD
- Posts
- 1
Will AmEx Prepaid help you get approved for a credit card?
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Centurion Member
- Join Date
- May 2012
- Location
- North Los Angeles County
- Posts
- 369
Tbh, I don't think it would help much. It may show you are responsible and later on the road they might give you a chance, but seeing as your credit is not that great it might be a little while until Amex will consider you. I just got approved for the Amex Gold, and I just let my credit grow for 6-7 months and then applied for cards I want the most and see where it went. I don't think it will help much but they might pre-approve you down the road depending on how you use it.
Cards And Credit History
Bank Of America: BankAmeriCard Cash Rewards (3% Gas, 2% Grocery, 1% everything else). 4/25/12-700$
Citi: Forward (SM) Card (5x points on Restaurants, bookstores, music stores, video rental stores, movie theaters, 1 point for everything else.) 10/27/12-1,500$
Discover: More. 10/27/12-1,500
Amex: Premier Rewards Gold. NPSL- 11/24/12
Chase Freedom-2,400-5/1/13
Current Fico's as of 4/16/13: EQ: 723, TU: 724, EX: 715 (Amex denial score letter)
Future Cards:
Amex Blue Cash Everyday (But trying for Gold Delta and then PC a few weeks later.)
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Centurion Member
- Join Date
- Jul 2011
- Location
- New York
- Posts
- 1,112
If you can't get credit I'd recommend the BofA secured card.
Credit cards from banks, deposits in credit unions.
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Centurion Member
- Join Date
- Oct 2010
- Location
- CA, USA
- Posts
- 197
Nope. Get a card from Capital One instead.
In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | BofA Travel Rewards (07/2011) | Chase Freedom (11/2011)
GECRB/PayPal (05/2012) | Discover it (07/2012) | US Bank Cash Reward (08/2012) | AMEX BCE (09/2012)
Target (10/2012) | Chase Ink Classic (11/2012) | BofA Balance Rewards (04/2013)
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Centurion Member
- Join Date
- Sep 2012
- Location
- chicago
- Posts
- 247
Like many others on this forum I'll go ahead and say theres better secured cards out there then Capital One. It has an annual fee, no rewards, high interest, and most importantly the card will NOT grow with you! Also, you might want to consider store cards for the time being. They are alot easier to get. Pick one or two stores you frequently shop at and apply for their cards.
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