Reply
Valued Member
grubs
Posts: 85
Registered: ‎11-13-2012
0

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!
Established Contributor
Ravensfan2001
Posts: 557
Registered: ‎11-10-2012
0

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. :smileyhappy:

Starting Scores: (4/16/12 lender pull) TU 596 | EX 550 | EQ 576
Mortgage Scores:(7/24/13 lender pull) TU 663 | EX 635 | EQ 649
Current Score (11/7/14): TU 664 | EX 605 (no update) | EQ 661
Goals: 680 across the board by 3/2015. Last app 7/16/14 (auto loan)
*** Homeowner 9/27/13*** All but 2 CCs are in the sock drawer!***
New Contributor
ItchyAppFingers
Posts: 96
Registered: ‎07-31-2012
0

Re: Amex BCE approval for student

I think Amex is lowering there approval standards :smileyfrustrated:
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}
Frequent Contributor
Laugh
Posts: 254
Registered: ‎12-29-2012
0

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
Established Contributor
Ravensfan2001
Posts: 557
Registered: ‎11-10-2012
0

Re: Amex BCE approval for student

[ Edited ]

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
Mortgage Scores:(7/24/13 lender pull) TU 663 | EX 635 | EQ 649
Current Score (11/7/14): TU 664 | EX 605 (no update) | EQ 661
Goals: 680 across the board by 3/2015. Last app 7/16/14 (auto loan)
*** Homeowner 9/27/13*** All but 2 CCs are in the sock drawer!***
Established Contributor
Leadberry
Posts: 622
Registered: ‎01-31-2013
0

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.

   
   
Established Contributor
Ravensfan2001
Posts: 557
Registered: ‎11-10-2012
0

Re: Amex BCE approval for student

Update:

Just got the Chase Freedom card in the mail... $3k CL. :smileyhappy:

Starting Scores: (4/16/12 lender pull) TU 596 | EX 550 | EQ 576
Mortgage Scores:(7/24/13 lender pull) TU 663 | EX 635 | EQ 649
Current Score (11/7/14): TU 664 | EX 605 (no update) | EQ 661
Goals: 680 across the board by 3/2015. Last app 7/16/14 (auto loan)
*** Homeowner 9/27/13*** All but 2 CCs are in the sock drawer!***
Blogger
HiLine
Posts: 3,092
Registered: ‎10-19-2012
0

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. :smileyhappy:

... 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! :catlol:

 

Valued Member
grubs
Posts: 85
Registered: ‎11-13-2012
0

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
Established Contributor
Ravensfan2001
Posts: 557
Registered: ‎11-10-2012
0

Re: Amex BCE approval for student

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

Starting Scores: (4/16/12 lender pull) TU 596 | EX 550 | EQ 576
Mortgage Scores:(7/24/13 lender pull) TU 663 | EX 635 | EQ 649
Current Score (11/7/14): TU 664 | EX 605 (no update) | EQ 661
Goals: 680 across the board by 3/2015. Last app 7/16/14 (auto loan)
*** Homeowner 9/27/13*** All but 2 CCs are in the sock drawer!***

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}