Ask yourself do you really need a charge card ????Charge card is a good way to start with Amex .
They also had a great credit card collection with cash back hotel and points........Do a research on their website and see which one fit your life style the most ????
Don't forget sign up bonus for most of their card.
Starting Score: 560
wow only 2 cards?
i need to get down too this.
if you open up any other card it will drop your aaoa.
how is your utilization? (personally for your score this maybe a little high)
limits?
inquries?
with judging on your aaoa(average age of accounts) and score alone i think you could get a revolver.
what are you looking for? something to carry a balance every month or pay off every month? do you like cash back, or points, or travel miles?
@Anonymous wrote:My limits are low. Both cards I have were opened when I was either college or just after. limits are both under 1k each.
Same job for 3.5 years. Same place of living for last 3... So very low inquiries. My utilization is high. Low limits on my 2 cards. And I have 7k left on my student loan.
I feel confident in my ability to pay on time. Haven't had a late payment in a long time. Which is why im interested in a charge card-- i pay off my balance to 0 every month. My report is showing all good standing. But that's it on my credit report. Not a ton of history.
Im not a credit expert by any means. So thank for all your responses.
what are the limits?
if you pay too 0 every month try and pay before the statement cuts.
that way the cards report 0 on your cr, that will shoot up your score a little higher.
sadly both chase and boa or notrious hard pullers for a cli.
if you know you wont be applying for a car or a mortgage in the next year or so i would apply for the charge and ask for a cli on both boa and chase
but thats only after the cards report 0.
well actually leave one card reporting a small balance
to get the optimal fico via util balancing is leaving one card with a total of 1-9% reporting in total. so if both cards were 500=1000 together. youd want no more then 99$ to report total, but also only have one balance on one card.
how old were the lates? after a couple years they dont have as much of an effect but they still have some.
i would gw them and see if they would delete the lates as well.
how many lates are showing? in total?
do you want the platinum?
what is your income?
after the first year the af for that card is 450$ personally i wouldnt apply for that card. (unless you travel alot and the rewards outweigh the af)
do you shop at costco by chance?
i would go for something that you could use.
charge cards are easier to obtain then amex revolvers.
