03-18-2013 11:54 AM
03-18-2013 12:53 PM
03-18-2013 07:27 PM - edited 03-18-2013 07:28 PM
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.
03-18-2013 08:32 PM
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.
03-20-2013 08:59 PM
03-20-2013 09:11 PM
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.
... 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!
03-20-2013 09:21 PM
03-20-2013 09:26 PM
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