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AMEX PRG/AUTO LOAN ADVICE NEEDED

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eviLution
Established Contributor
‎03-11-2013 03:05 PM
‎03-11-2013 03:05 PM

AMEX PRG/AUTO LOAN ADVICE NEEDED

I'm gonna apply for an auto loan and get my foot in the door with Amex in July. Should I apply for PRG or get the auto loan first?

DCU Platinum: 4000 - Discover IT: 11000 - Walmart: 5000 - AMEX BCP: 18000 - Chase Freedom VS: 5000
in the garden since 1/24/14 - #GARDENSTRONG
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enharu
Super Contributor
‎03-11-2013 03:48 PM
‎03-11-2013 03:48 PM

Re: AMEX PRG/AUTO LOAN ADVICE NEEDED

Depends on which is more important to you, and apply for that first.

Most banks are skeptical about extending new lines of credit if you recently just got one.

So you either apply for both before they report to CRAs, or you apply for the more important one first and try your luck with the latter.
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).
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