Will I get approved for Amex Black card?

For just about anything you want to get off your chest about credit cards.
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samhradh
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Postby samhradh » Wed Jan 22, 2014 10:08 pm

What's weird is I keep seeing ads for the Black in Outside magazine. Doesn't seem like the right market but what do I know?
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).


takeshi
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Postby takeshi » Thu Jan 23, 2014 8:38 am

Not familiar with the magazine but a glance at their website makes it look geared towards those with disposable incomes.

Obi-dan
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Postby Obi-dan » Thu Jan 23, 2014 4:10 pm

MemberSince99 wrote:Drunk app'ing.


They do it on FICO all the time.


So this is really the only forum I participate in so my only knowledge of myfico filters through here. But between the gardening and the drapping it seems to be the polar opposite of the information seeking, responsible credit use discussing, strategy talk that goes on here. To be honest it seems really strange and almost cultish. I must really start visiting over there I guess.
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MemberSince99
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Postby MemberSince99 » Thu Jan 23, 2014 4:53 pm

They have a different view of things. The garden cult stuff does get a bit creepy to be honest. But possibly some of that is because a lot of them are rebuilding and have bad credit and thus it's a lot more important for them to not go wild on credit applications than it is when you already have excellent credit like many here do. That doesn't stop some of them but it's their life and I've always thought that real world experience is the best kind you can get in life.


But they do try to preach responsible credit, they just go way overboard with the whole garden thing. Them talking about the ERT (Emergency Response Team when someone is thinking of applying to talk them out of it) is a bit weird too. But hey they'd probably look at us and think we are freaks too.


Over there they seem to empathize not applying where here the emphasis seems to be on smart applying and getting the best cards you can for your situation. Even with them focusing on the garden and not app'ing, if you check the signatures on there you'll see a good number with 20, 25 or even more cards in them. You'll see signatures where people have a low 600s score and about every Commenity card that can be hard with 200 limits and they don't even use most of them they just got them to get any credit at all and because they didn't take a hard pull using the "Shopping Cart Trick". What's the point of having a card if you aren't going to use it at all? I guess if you have credit that mediocre and you figure having the thing for 6 months can get you better, it might be worth it, otherwise, I think they might be blinded by the no hard pull thing. I'd rather take a hard pull for a card I really want and will use.


But it just seems to be different circumstances and different priorities. Once they get to the point they have some really nice prime cards and excellent scores, the whole garden thing loses its point.

JoDa
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Postby JoDa » Fri Jan 24, 2014 4:57 am

Some people honestly just don't know much about credit, except to be afraid of it. I spoke a while back about a friend who *almost* made it to 30 without a credit card. Can you imagine that? Now, he's a homeowner, very financially responsible, good job, the works, but was raised in the "debt is bad" mindset and thought just having the card = debt. It was when we went on a trip together that I converted him. I handled some flight perks (yay status...my last year probably, though :( ) and a free hotel room so he agreed to get the rental car. I wait, wait, wait, and then go in to see what the heck is taking so long. Found him arguing about why he couldn't rent with a debit card. I was floored. I'm like "dude, you realize that you need a card for this, plus it covers your CDW, right? What the heck, man!" Fortunately it was all squared eventually but I sat him down when we got home and was like "RIGHT NOW, PULL YOUR REPORTS AND SCORES AND WE ARE GETTING YOU A CREDIT CARD!" He still won't use the darn thing unless I'm out with him and grill him about how long it's been since he used it, but I think he's slowly warming to the idea of having an actual credit card. Heh, he was even surprised to find out that, with how much he sees my credit card (I'm a points, erm, "professional of a certain type"...yep, the type to pick up any cash tossed on the table and put that part of the bill on my card), I don't carry balances. I had to show him my annual statement that showed tens of thousands of dollars in charges and zero interest to get him to believe me.

So, you know, sometimes you just have to say "bless your heart" and try to help inform people.

Also, here's a trick for you points "professionals" that dine in groups. So, now you've got $300 in cash (and delicious, delicious points), what are you going to do with that? If you have a local bank, the answer is, of course, go deposit it. But I don't have a local bank. However, I do have a store in my neighborhood that sells money orders for $.50. So, if I get a big wad of cash from a group dinner (I need about $50 in cash a month...probably less now that all the cabs in the city have to take credit cards), I go buy a cheap-o money order and mail it to my bank.
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MemberSince99
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Postby MemberSince99 » Fri Jan 24, 2014 6:40 am

The problem with mailing it to your bank is if it gets lost in the mail, you are out. That's why I would not take that risk.


Personally I pay everything on line, but many years ago before most people paid online, I mailed them checks like everyone else. I made the mistake of putting them in the box with the flag up to go out, and later someone knocked on the door and handed me the open envelopes and said kids riding their bikes down the street had taken them out of the box and torn them open to see what was in them and left them in the street. After that incident, I always took them to a Post Office box so that wouldn't be an issue.


I'm not so sure I'd really evangelize people about credit cards. If they really do not want one, it's probably better they don't have one. My mom has a score over 800 but no credit cards. When she did a refi on her house, the banker told her that her score would be even higher with responsible use of credit cards. But she simply does not want them - she buys her groceries and most expenses with checks and pays cash for gas. She's retired so it works for her. I'm not even going to bother with preaching because can anyone on the planet give me a "real world" example of why going from 803 to 830 would benefit her in any way? I can't think of a single thing. And some people would just run up the debt and get into trouble. It's better they stay away from credit cards than do that.

samhradh
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Postby samhradh » Fri Jan 24, 2014 7:25 am

takeshi wrote:Not familiar with the magazine but a glance at their website makes it look geared towards those with disposable incomes.


Whoops, I was thinking this thread was RE: Visa Black. Pretty sure Centurion doesn't advertise.
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).

samhradh
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Postby samhradh » Fri Jan 24, 2014 7:30 am

JoDa wrote:Also, here's a trick for you points "professionals" that dine in groups. So, now you've got $300 in cash (and delicious, delicious points), what are you going to do with that? If you have a local bank, the answer is, of course, go deposit it. But I don't have a local bank. However, I do have a store in my neighborhood that sells money orders for $.50. So, if I get a big wad of cash from a group dinner (I need about $50 in cash a month...probably less now that all the cabs in the city have to take credit cards), I go buy a cheap-o money order and mail it to my bank.


I bank with Ally so I don't use cash either. An easier and free alternative to your MO strategy is Square Cash or depositing into your BB at Wally's.
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).

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djrez4
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Postby djrez4 » Fri Jan 24, 2014 7:59 am

samhradh wrote:I bank with Ally so I don't use cash either. An easier and free alternative to your MO strategy is Square Cash or depositing into your BB at Wally's.


Let JoDa get there on his own. Right now, he thinks picking up the cash from dinner is professional level. He'll discover new things soon enough.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
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darkguy2
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Postby darkguy2 » Fri Jan 24, 2014 12:40 pm

Isn't taking mail from a mailbox a federal offence? Should have reported them. They would have learned fast not to do that.
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