Reply
New Visitor
Posts: 2
Registered: ‎05-31-2013
0

AMEX BCE- Student Approval Chances?

Hello all,

I have been a lurker on the forums for over a year now and am very interested in establishing a healthy credit history through my college years. I am currently 19 years old and right now my next goal card is the BCE. I was wondering what my chances were of approval, or when I should consider applying.

 

Current Cards:

AMEX Zync - Authorized User - No Spending Limit July 2012

Discover it (was more) - $850 August 2012

Citi Forward - $1000 September 2012

 

Being a student my income is a bit low at about 12.000 but I was told once I could include financial aid money in my income but I am not sure how true that is. 

 

Thank you 

Established Contributor
Posts: 731
Registered: ‎12-14-2011
0

Re: AMEX BCE- Student Approval Chances?

Hard to say for certain, but I would wait to apply for BCE if I were you. I'm not saying that you would be denied, but the BCE is by no means a 'student' card. Amex generally looks for solid credit history and income before approving for that card. I was able to get approved for the green card with about 7 months of solid credit history, granted I was also working full time though. 

 

With regards to financial aid, I am not sure if that counts as incoem or not. Persoanlly I wouldn't look at debt as income.

“The real measure of your wealth is how much you’d be worth if you lost all your money.” ~Unknown
Citi Prestige World Elite Mastercard ($35,000.00), Merrill+ Visa Signature ($25,000.00), Amex BCP ($29,700.00), Amex Green (NPSL), Capital One Quicksilver World Mastercard ($10,000.00), Chase Ink Business Bold (NPSL)
TU-778 (12/03/2014))
EX (Plus) - 777 (10/21/2013)
EQ - 735 (April 2013)
New Visitor
Posts: 2
Registered: ‎05-31-2013
0

Re: AMEX BCE- Student Approval Chances?

I actualy have no student loan debt, just a lot of grants and scholarships to clarify. 

Regular Contributor
Posts: 174
Registered: ‎06-21-2012
0

Re: AMEX BCE- Student Approval Chances?

I too am a student with low income and have been denied every single time I have applied (3x). You can claim any money you recieve as income as long as it is used for something other than school related expenses. For example, my partner uses his refund check to pay for 8months of rent up front; therefore he claims it as income. 

 

But always remember, YMMV! Good luck if you do apply =) 

Ex 752 (Amex) Tu 758 (Walmart) Eq 703
Goal: 750+ on all
Current Cards: Cap1 Cash Back; Chase Freedom; Chase Amazon; Citi Thank You; Citi Forward; Discover iT; Amex Zync; GE WalMart; BoA 3-2-1
Contributor
Posts: 91
Registered: ‎03-27-2013
0

Re: AMEX BCE- Student Approval Chances?


happyinthesun wrote:

Hello all,

I have been a lurker on the forums for over a year now and am very interested in establishing a healthy credit history through my college years. I am currently 19 years old and right now my next goal card is the BCE. I was wondering what my chances were of approval, or when I should consider applying.

 

Current Cards:

AMEX Zync - Authorized User - No Spending Limit July 2012

Discover it (was more) - $850 August 2012

Citi Forward - $1000 September 2012

 

Being a student my income is a bit low at about 12.000 but I was told once I could include financial aid money in my income but I am not sure how true that is. 

 

Thank you 


I am a student with a BCE and I have a few friends with other cards in the "Blue" line. I don't think your income is going to be the issue. Amex is not particularly looking to help you build credit history with such a card. They expect you to have an established history. It would be difficult to give you an answer with only what you have provided; however, best of luck if you decide to apply.

BoA: Virgin Atlantic World Elite Mastercard
Chase: Sapphire Preferred (WMC)/Freedom/Amazon/Auto Loan (41k)
Citi: Thank You Preferred/Forward/Simplicity
AmEx: Zync/Blue Cash/Starwood Preferred
Discover: IT
GE: JCP/Walmart Discover
Epic Contributor
Posts: 24,204
Registered: ‎10-23-2007
0

Re: AMEX BCE- Student Approval Chances?

Apply!

 

If denied, I suggest you apply for Gold Charge and take that for a bit while it's free for a year then try again for blue in 3 months, 6 months, until you get it!

 

BUT Skip student and go for BCE as others have said... you could try creditcards.com my partner got pre-approval for BCE with a better bonus and got instant approval.

Fico Scores: EQ- 670., TU 705 Sync, EX 700 (04/20/15)
I'm just trying to catch up to RON1
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
80 Cards and Counting :smileytongue:
Senior Contributor
Posts: 3,491
Registered: ‎07-25-2008
0

Re: AMEX BCE- Student Approval Chances?

You credit history is less than one year. IMO, it would be a wasted pull if you applied now.


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


Take the FICO Fitness Challenge
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.