- Posts: 2
- Joined: Sat Jul 14, 2012 2:41 am
- Location: Pensacola, Florida
Alright so I just turned twenty yesterday, am a college student, and only have a part-time summer job. My taxable income is only ~$9000 yearly. I have been an AU on a credit card of my mother's for two-three years now. A couple weeks ago I got a Discover Open Road offer in the mail, and since I did not have a CC solely in my name, decided to give the application a go. I figured there was a decent chance of approval due to my college status and AU history.
I apply and find that I have been Instant-approved with a CL of $1000. Pretty exciting considering its my first real card and all. Whenever I got the credit score portion of my new account info with them I was surprised to see that my TU FICO was 750. Way higher than I was expecting given my limited history. Also, my interest rate is the lowest available for the card (12.99 or 12.49, can't remember). When calling to activate the card, the CSR and I were talking for a bit and he couldn't seem to believe that this was the first card I had solely in my name due to the APY and such.
So I wait for a week or so and decide to apply for an AMEX gold. Probably a dumb decision, I know, but what the heck, its just 1 inquiry. I wasn't really thinking I was going to get approved, and sure enough, I got a dreaded wait message. Don't call us, we'll call you type of thing. Check my email a couple hours later to find that they need my home address verification. I call them up, and upon providing that info I find out that I've been approved! That was Tuesday, so I'm still waiting on the card/credit score associated with the pull, but needless to say, I'm pretty ecstatic. I got my realistic "dream card" (I love the points to miles conversions and towing benefits) within the first month of caring about my credit.
So I guess my question is, did I get lucky, or was an AMEX gold not actually a stretch card for me? For instance, my report is so thin that CreditKarma can not give me a score, nor can the other one that has Sesame in its name. I do have a checking, savings, and brokerage account, all with reasonable assets in them, so I suppose that helped. On the application I was very genuine with my asset totals and income amount. (The prospect of being disingenuous and then getting hit with a FR sounds horrifying) My father has been a high-spending AMEX member since 1982 (I don't know if that type of thing ever factors in to their decisions at all), and he is also my technical employer, although I assist one of his underlings. I know that AMEX charge cards are not as hard to get as the average person might think, but still..it seems to me given such a limited history I shouldn't really have been approved.
Also, thanks to everyone who contributes on this site, there is tons of stuff to learn here.