American Express Student Credit Card?

Q: Is there an American Express student credit card?

American Express logoA: First of all, thanks for your message and compliments about the site Molly. Whether someone is a college student, a retiree, or at any stage in-between… an American Express credit card is always considered to be the cream of the crop. In fact, this is far from being the first message I’ve received asking about an American Express for students.

Unfortunately, the company has very strict lending practices, so not everyone qualifies. This is especially true if you’re younger and have limited or no credit history. An American Express student credit card does not official exist, but that’s not to say you can’t get one while you’re in college. I’ll share with you the secrets of how I got an AmEx when I was only eighteen and the best way to go about it in today’s tightened lending environment.

Why an American Express?

While it’s true American Express is a very prestigious card to carry, there are actual real reasons why they’re the best.

First of all, saying they have outstanding benefits would be an understatement. There’s so many perks that come with their cards, many of their cardholders don’t even know about all of them!

For example, did you know that with AmEx charge cards, your eligible purchases are protected for 90 days against theft or accidental damage? That’s right- if you buy something and it gets damaged a month later, or stolen, you’re covered for up to $1,000 per incident for free? There are many more benefits like extended warranty coverage and more on eligible purchases.

How I got an AmEx credit card at the age of eighteen?

As soon as I turned eighteen I applied for a crappy credit card from my bank – it was some entry level Visa card with a $400 limit.

The only reason I opened it up was because I knew I had to start somewhere. I would use it for a few months to establish a credit record and then apply for something better as soon as I got the chance. So I would put a couple purchases on it each month (always paying off the balance in full) and did that for about seven months. Then it was time to start applying for something better…

At the time, there wasn’t an American Express student credit card specifically, but their Blue card had just came out. I though it was still a bit too early to get approved for that, but I decided to apply and give it a shot… much to my surprise not only was I approved, but I was also given a $2,000 credit limit! That’s not too shabby for an eighteen year old.

After the credit crisis, is that still possible to do in 2013?

The Blue Card still exists, but my experience would never happen today. Back then the economy was flying high and practically a pulse was all that was needed to get credit. Today, getting an American Express as a college student is no longer easy to accomplish. However, I do have good news…

You should do the same thing I did an start with an entry-level card. There’s not really such thing as an entry-level card with AmEx, but there are other banks who have cards which are very easy to get approved for, even if you have little to no credit history.

I recommend getting a student card now, then trying for an AmEx later. It’s certainly no guarantee of approval, but without a doubt… having a card or two on your report will certainly look a lot better than having nothing. Here are my favorite entry-level cards you should try for. The best one is from Discover:
If you already have a credit card or two and you’re looking for the easiest AmEx to qualify for, then I would recommend the Delta Gold. It’s not “easy” to get, but on a relative basis, it’s probably the easiest AmEx to qualify for. I have heard from many younger people in their 20’s getting it.  I called up customer service to see if there is an income requirement (like other AmEx cards have) and he said there isn’t an official requirement, since the decision is based on the whole picture (credit history and income). The age requirement is eighteen. I would say this is definitely the best American Express for students to try for, but only after they have another account or two on their credit report.

 
Comments
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FYI Might want to correct some wording about Blue for Students, at one point it DID exist. I applied for mine in 2001 and have been a member since. The card no longer states Blue for Students but my statement (online) every month does. Just thought I’d let you know.

-Rick

By the way, one more thing to add: I love American Express, and after I built my credit history, they started sending me applications. And since the beginning, American Express has always been my favorite card, because in my country AE is the most prestigious. Here, no matter what, it is still my dream card. I just need to apply for one that have very little or no annual fee. I think they have that. They even have reward cards. Sorry, just wanted to add this to my message.
Thank you for your patience.
-Denise

Hello,
When I came to US, I opened my first saving and checking account with Bank of America. One day in the mail, I got an invitation to apply for a credit card. I knew that was just an advertisement, yet I wanted to ask visiting my customer service representative. Before then, I also asked some one I knew here; she thought she knew a lot about bank and all. She said this is my first account and they wont accept my application. However, I wanted to ask no matter how much she tried to stop me. Representative told me that it won’t hurt to apply; sometimes no credit history is better than bad credit history. I had gone to bank with that person and she heard our conversations too. She said that she applied and got rejected. Representative told her that she got rejected because she had a bad credit. However, I had a clean credit, just starting out.

To make long story short, I applied for it. I got conditional credit card; They had to block $500 in bank. I accepted that. I wasn’t losing any money, I just wasn’t allowed to touch it until a trial period ended. I did it, I accepted it and thank to Bank of America, I have a beautiful credit history now. If they hadn’t allowed me to start from somewhere, I wouldn’t have done this now. After that, I paid everything on time, and trial period ended and they increased my limit each time I asked. Because of that, I have other credit cards now.

I think Bank of America was a good starting point for foreigners. I didn’t have a SS# then. They gave me an opportunity to start my life at the age of 17. I am a doctorate student now, and soon I will start working. And then more credit history will I build when I apply for a mortgage to buy a house and so on.

Please don’t get me wrong, this is not an advertisement. Sometimes I really get sad with their new rules. But at the end, they were the only one that gave me an opportunity to start from somewhere. I just wanted to share this with you all. That means a lot to me. Don’t listen to people who think they know a lot. Who can know the answers better than the bank’s customer service? If your local bank customer service can’t answer your questions, please do call their main customer service (that 800 number). You won’t regret; not just for Bank of America, any bank in this country. The US is a country for equal opportunities. I found out this going through a lot of experiences.

Hope this helps you.
Thanks for your time,
-Denise

I turned 18 a few months ago, and since have acquired a capital one rewards card and a statefarm student card. Both have $500 dollar limits. I use primarily the capital one card, and the statefarm just occasionally so that it will show up as in use. I use them just for food and other necessities. My total credit usage is never more than half of my total available credit from the two cards and I pay my bill in full every month. Doing this, how long would it take for me to build up sufficient credit to be approved for American Express? I am interested in obtaining an American Express Blue Card.

Thanks,
Kyle

I wanted to ask you if you had any cards prior to applying ?