Reply
New Member
mcampbell14
Posts: 13
Registered: ‎02-27-2013
0

AMEX BCE short credit history

I was wondering when I should be able to apply for the AMEX BCE?

 

I had a PNC secured CC as my first CC for 18 months and I closed it in February because of the annual fee. I received a Chase Freedom with CL $3000 in February and DCU platinum Visa with CL $500 in March. This would put my revolving AAOA around 7 months [ (18+2+1)/3=7 ]? I always PIF but this month I let 13% UTI report. 

 

I also have 6 deffered student loans reporting as $19,500 but "pays as agreed". Credit Karma says my overall AAOA is 1.42 yrs with oldest open line of credit being 2.58 years.

 

My gross monthly income is about $550 right now but will become $2080 when I start my summer internship in may. Am I allowed to apply with an annual income of $24,960 ($2080 times 12 months) even though I will only be making that pay for the summer? 

 

No baddies on any of my reports, 2 inquiries on TU and 1 on EQ.  

 

Thanks for all your help!!!

New Member
mcampbell14
Posts: 13
Registered: ‎02-27-2013
0

Re: AMEX BCE short credit history

Forgot to add that my EQ FICO was 720 before the applications for the freedom and DCU credit card. I am not sure what it is now.

Moderator
09Lexie
Posts: 24,939
Registered: ‎09-13-2012
0

Re: AMEX BCE short credit history

Amex usually pulls exp but could pull all 3. IMO, you should wait until you are actually working.
Established Contributor
NJTurnpike
Posts: 662
Registered: ‎02-20-2013
0

Re: AMEX BCE short credit history

I would advise against stating that your gross annual is 24k. bump it up 10% more than what you filed for taxes last year. If you're FR'd, and you stated 24k, you can't prove it.

 

On the other hand, your chances of getting an FR are low, so the risk is up to you.


DCU ( pulled 3/29/13) EQ04 683 | Amex (pulled 3/28/13) EX 760 | US Bank (pulled 3/28/13) EX 753
CreditKarma (4/19/13) TU-TR 701 | TU Vantage 788 | USAA FAKO (3/31/13) EX 728, EQ 699, TU 737 |
Inquiries (4/18/13) EX 13 | EQ 13 | TU 14
Established Contributor
migliogiorni
Posts: 657
Registered: ‎06-27-2012
0

Re: AMEX BCE short credit history

I would wait till you've had a yr with your Freedom.  Amex revolvers are tough to get with little history. You'd have a much better chance with a revolver but I don't see you justifying the AF.  GL nice starting limit with the Freedom btw.f

BOA: 8.9k
CSP: 5k
Discover: 5k
Citi TY Preferd: 5k
Wally: 5k
JCP: 4.9k
citiForward: 4.7k
ChaseFreedom: 4.5k
DFS: 2k
Established Contributor
migliogiorni
Posts: 657
Registered: ‎06-27-2012
0

Re: AMEX BCE short credit history

I said you'd have a better chance with a revolver and I meant charge card.  lol...long day for meef.....

BOA: 8.9k
CSP: 5k
Discover: 5k
Citi TY Preferd: 5k
Wally: 5k
JCP: 4.9k
citiForward: 4.7k
ChaseFreedom: 4.5k
DFS: 2k
Super Contributor
enharu
Posts: 6,889
Registered: ‎02-27-2013
0

Re: AMEX BCE short credit history

You cannot calculate that as your annual income if you already know you will be working there for just 3 months. This is considered as fraud.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: AMEX BCE short credit history


migliogiorni wrote:

I would wait till you've had a yr with your Freedom.  Amex revolvers are tough to get with little history. You'd have a much better chance with a revolver but I don't see you justifying the AF.  GL nice starting limit with the Freedom btw.f


I agree with this. Also you don't want to fudge numbers and get FR'ed.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
New Member
karachiken
Posts: 3
Registered: ‎02-16-2013
0

Re: AMEX BCE short credit history

I just approved the Blue Cash Preferred with 3.5K limit

My AAOA only 3 months, the oldest card history only 6 months

So you might be fine !! I guess !! LOL

 

Frequent Contributor
unc0mm0n1
Posts: 405
Registered: ‎03-05-2013
0

Re: AMEX BCE short credit history


enharu wrote:
You cannot calculate that as your annual income if you already know you will be working there for just 3 months. This is considered as fraud.

I get the gist of what you're saying but I'm not sure if the CC's agree with you. Last year when i was reconing for an AMEX BCE card over the phone. The operator asked what my annual income was. I gave her a number based upon my summer income and my GI bill housing allowance and my job during the school year. She tole me I could only put my estimated yearly salary off what I currently make (which was GI Bill and part time job) a month times 12. Maybe she was wrong or didn't know what she was talking about but the way she made it sound was whatever your income is currently (clearly barring one time payments or bonuses) extrapolated out for the year is how you get annual salary.

Last App December 7, 2013. Gardening until May 20, 2014
Current Score: 720 EX 714 EQ 712 TU 12/10/2013Goal Score: 720 across the board

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+