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Amex BCE approval for student

Valued Member

Re: Amex BCE approval for student

This is great news. I will go ahead and apply for the BCE in about a month or two( I know it's not a guarantee) hopefully it's a successful app!
Message 11 of 24
Established Contributor

Re: Amex BCE approval for student

I added him as an AU to my NFL Ravens Visa ($500 CL) in December. Heavy usage on that card due to low limit and 0% interest. At that time, he only had the Cap1 card at a $300 CL. I am rebuilding, so I don't have any prime cards and my highest CL is $1000. He doesn't use his cards that much and always pays in full. Last night, he complained that he has too many cards. Lol! Funny, but I like it. Smiley Happy

Starting Scores: (4/16/12 lender pull) TU 596 | EX 550 | EQ 576
Current Score (9/3/15): Wally TU 639 | Amex EX 628 | DCU EQ 639
Goals: Homeowner as of 9/27/2013. Last app 8/1/15. TU-5; EX-16; EQ-13. Aiming for ZERO inqs.
Message 12 of 24
New Contributor

Re: Amex BCE approval for student

I think Amex is lowering there approval standards Smiley Frustrated
My Current Plastic: {Amazon Store Card} {Amazon Visa} {Amex Zync} {Amex Gold PRG} {Amex BCE} {Bloomingdales} {BOA 123 Cash Rewards} {Capital One Platinum Visa} {Chase Freedom Visa} {Discover IT} {Kohls} {Macy's} {Nordstrom} {SonyCard Visa} {Target RedCard}
Message 13 of 24
Frequent Contributor

Re: Amex BCE approval for student

If you don't mind answering, what is the annual income your son makes?
Cards: CSP 6k, Chase Freedom 6k, BCP 7.5k, Sallie Mae 8.9k, Discover 5k, BOFA Better Rewards 3.8k
Message 14 of 24
Established Contributor

Re: Amex BCE approval for student


Laugh wrote:
If you don't mind answering, what is the annual income your son makes?

$16,500 part-time job. He is a full-time student, employed since July 2011 with same employer. No rent. His score is 720, per Amex approval letter.


Starting Scores: (4/16/12 lender pull) TU 596 | EX 550 | EQ 576
Current Score (9/3/15): Wally TU 639 | Amex EX 628 | DCU EQ 639
Goals: Homeowner as of 9/27/2013. Last app 8/1/15. TU-5; EX-16; EQ-13. Aiming for ZERO inqs.
Message 15 of 24
Established Contributor

Re: Amex BCE approval for student

I'm considering going straight for the BCE next year when my last CA/CO drop off my reports.  I'm a full-time student and make around $12k annually.  I've read that the revolvers are easier to obtain for students with good credit because the income requirements aren't as stringent.  I don't know if there's any truth to that, but your son's approval makes me think it might be the case.

   
FICO Scores 800+
Message 16 of 24
Established Contributor

Re: Amex BCE approval for student

Update:

Just got the Chase Freedom card in the mail... $3k CL. Smiley Happy

Starting Scores: (4/16/12 lender pull) TU 596 | EX 550 | EQ 576
Current Score (9/3/15): Wally TU 639 | Amex EX 628 | DCU EQ 639
Goals: Homeowner as of 9/27/2013. Last app 8/1/15. TU-5; EX-16; EQ-13. Aiming for ZERO inqs.
Message 17 of 24
Blogger

Re: Amex BCE approval for student


Ravensfan2001 wrote:
Just found out that my 19-year-old was approved for American Express BCE after a mini app spree. So here is his credit profile now:

3 student loans
Capital One Journey $500 (May or June 2012)
Discover More $1500 (Jan 2013)
Citi Forward $2500 (March 2013)
Chase Freedom (March 2013)
Amex BCE (March 2013)

The CLs for Chase and Amex were not disclosed.

I'm just surprised that Amex approved him. From what I've read here, Amex Green is what people need to get their foot in the door.

Now, I'm hoping he'll learn a few things from me and take care of his credit (and not make the mistakes that I did). He's a responsible kid overall, just hoping he stays that way. Smiley Happy

... I'm taking him gardening...

Amex is actually very generous to credit builders. If you have 6 months of perfect credit history you'll be approved for just about any Amex card. Congratulations to your son! I hope he joins the forums one day! Cat LOL

 

Message 18 of 24
Valued Member

Re: Amex BCE approval for student

Do you think I have a shot at the BCE?
Full time student, part time employee: $10,149 annually

Three open accounts: ge/autocare store card:$1500(3/11), golden one student visa $1000(8/11), citi student foward $1300(2/12)

AAOA--1 year 6 months
Experian inquiries 5 total, most recent nov. 2012 others are over a year old.
Perfect payment history, no negative reports whatsoever.
Utilization 1% on one card other two have no balance.
No fico score but credit karma is at 730, credit sesame is at 721
Any advice would be appreciated
Message 19 of 24
Established Contributor

Re: Amex BCE approval for student

I'm no expert, but your credit profile looks better than my son's was when he applied. Smiley Happy

Starting Scores: (4/16/12 lender pull) TU 596 | EX 550 | EQ 576
Current Score (9/3/15): Wally TU 639 | Amex EX 628 | DCU EQ 639
Goals: Homeowner as of 9/27/2013. Last app 8/1/15. TU-5; EX-16; EQ-13. Aiming for ZERO inqs.
Message 20 of 24