- Centurion Member
- Posts: 188
- Joined: Tue Jan 10, 2012 7:11 pm
- Location: New York, NY
Well, that's good news about the bankruptcy at least.
I spend equal amounts of time on this site as well as myfico and I have learned that a lot of cards out there are in the YMMV (your mileage may vary) category with respect to approvals and credit limit increases (CLIs). For example, I see people post that Discover never gives them an auto CLI and yet I get one worth about 10% of my current CL every three months or so. Nothing huge but it makes me feel appreciated. The same applies to approvals. Comments regarding how they were shocked to be approved for card "x" and then a different poster wondering why they didn't get approved for card "z". Obviously, there is just no rhyme or reason for a lot of them.
I recommend applying for two or three new cards every six months or so until you are where you want to be.
Amex is not the gold standard that it once was. There are cards in the market that are just as good or, in some cases, better. If you have your heart set on Amex just be patient. You'll get there eventually. One company I have read very good things about is GE. They offer a variety of cards branded for everything between WalMart and Lord and Taylor; Amazon, Ebay, Sam's Club, etc. I have read that they are very generous with CLIs. I don't know how kind they are with approvals, but one or two may be worth a shot. Post your success rate and hang in there. You didn't get where you are overnight and the road back can be just as long.
Cards and Credit lines Acquired:
Escape by Discover (7.75K), Barclay Holland America Visa (7K), Macy's store card (7K), Bloomingdale's store card (2.6K), Citi Custom Credit Line (3.5K), PayPal Smart Connect credit line (2.7K), Chase Freedom Visa (5K), Chase United MileagePlus Visa (5K), Chase Sapphire Preferred Visa (6K), Amazon store card (2.2K), Lord & Taylor store card (550), Nordstrom store card (1500), Gold Delta SkyMiles from American Express (3K), Discover It (6.5K), PayPal Credit Line (1K).