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Regular Contributor
patsfan1453
Posts: 199
Registered: ‎11-04-2012
0

Re: AMEX Question

Do what I did, App for the regular blue and then immediately PC it to the BCE. I did it the same day I activated the card. I was approved for the blue with only 9 months of credit history and scores similar to yours. 

Chase Sapphire Preferred 5k || USAA Wounded Warrior Mastercard 4k || Citi TYP 4.9k|| Citi Forward 4k || Discover It 2k || Chase Freedom 5.5k || Walmart 1k
Total CLs: 26,900
AU BCP
In my wallet: CSP, Freedom
Valued Contributor
armbenderc
Posts: 1,339
Registered: ‎09-11-2012
0

Re: AMEX Question


patsfan1453 wrote:

Do what I did, App for the regular blue and then immediately PC it to the BCE. I did it the same day I activated the card. I was approved for the blue with only 9 months of credit history and scores similar to yours. 


That's awesome. So you app for regular blue and after approval, call and PC to BCE? sweet.

 

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
Regular Contributor
patsfan1453
Posts: 199
Registered: ‎11-04-2012
0

Re: AMEX Question

[ Edited ]

If you call, someone will tell you that you need to reapply. I did it through the secure message center. I got a message back in about an hour and the CSR changed the account immediately :smileyhappy:. I got the new card 3-4 days later. 

Chase Sapphire Preferred 5k || USAA Wounded Warrior Mastercard 4k || Citi TYP 4.9k|| Citi Forward 4k || Discover It 2k || Chase Freedom 5.5k || Walmart 1k
Total CLs: 26,900
AU BCP
In my wallet: CSP, Freedom
Valued Contributor
thom02099
Posts: 1,323
Registered: ‎08-30-2011
0

Re: AMEX Question

[ Edited ]

pat0812 wrote:

I just started building credit 6 months ago and i just got an amex gold premier rewards.

I started to use this card as my main card, and this first month i'm going to spend around 600 and pay it off of course

 

My other 3 credit cards are low limit. All around $500

 

My question is if I will use this charge card for 1 year heavily, and always pay on time, will they give me a high credit limit in 1 year with one of their revolving cards ?

Or they look more on my other accounts limit ?

 

I'm planning in January 2014 to apply for an amex credit card, so it will be backdated to january 2012

I want to be ready for next year and try to get a high limit.

 

I want to know from personal experience what will impact my first limit they will give me. Mainly my other accounts limit or my history with amex ?


I think both will be considered, just depends which carries the most weight at the time.  Meaning, wait until January 2014.  I say this for several reasons:

1 - all of your cards will have aged one more year, and your AAoA will increase

 

2 - you may get CLI's with your current cards, which will look good to AMEX. You don't mention what those cards are, but if you rotate usage with your Gold AMEX, you'll likely see some auto CLI's on those other cards.  Just do as you do with the Gold card and PIF always. 

 

3 - that on time PIF history on your current AMEX card will look really good to AMEX and I think that will carry a lot of weight

 

4 - If you really, really must apply for an AMEX revolver before 2014, why not consider the Clear card?  I know it's not as attractive as far as benefits, but it is an easy to get revolver, will give you more history with AMEX and in 2014 you can still apply for one of the better benefit cards, and likely get approved. 

 

5 - also depends on what you mean by "high credit limit".  I think you'll get a higher CL if you apply for something like the Clear card, vs other AMEX products such as Delta or Hilton. If you were to get an AMEX revolver with, say, $2K or $3K limit, you could always request a CLI at a later date.  You could also try a PC at a later date; the idea is to get your foot in the door with AMEX and a revolver.   If you're expecting a $5-$10K limit right off the bat, I think that could be a bit of a stretch, given you credit history. 

 

Good Luck in  whatever choice you make!  Finding this forum will certainly be to your advantage!  

AMEX Gold NPSL / AMEX Zync NPSL / AMEX Blue Cash Preferred $14K / Bank of America Cash Rewards Signature Visa $15K / Merrill Lynch Plus Signature Visa $15K / Wells Fargo Propel 365 $15K / Chase Sapphire Preferred Signature Visa $10K / J P Morgan Select Signature Visa $10K / Chase Slate Visa $6K / CITI Diamond Preferred MasterCard $13.2K / Discover IT $10.5K / IberiaBank Select Visa $8K / 1st Command Bank Platinum Visa $7.5K // Home Depot $9.7K / Lowes $10K

EX = 768 EQ = 828 TU = 834 - June/2014
Valued Contributor
armbenderc
Posts: 1,339
Registered: ‎09-11-2012
0

Re: AMEX Question


thom02099 wrote:

pat0812 wrote:

I just started building credit 6 months ago and i just got an amex gold premier rewards.

I started to use this card as my main card, and this first month i'm going to spend around 600 and pay it off of course

 

My other 3 credit cards are low limit. All around $500

 

My question is if I will use this charge card for 1 year heavily, and always pay on time, will they give me a high credit limit in 1 year with one of their revolving cards ?

Or they look more on my other accounts limit ?

 

I'm planning in January 2014 to apply for an amex credit card, so it will be backdated to january 2012

I want to be ready for next year and try to get a high limit.

 

I want to know from personal experience what will impact my first limit they will give me. Mainly my other accounts limit or my history with amex ?


I think both will be considered, just depends which carries the most weight at the time.  Meaning, wait until January 2014.  I say this for several reasons:

1 - all of your cards will have aged one more year, and your AAoA will increase

 

2 - you may get CLI's with your current cards, which will look good to AMEX. You don't mention what those cards are, but if you rotate usage with your Gold AMEX, you'll likely see some auto CLI's on those other cards.  Just do as you do with the Gold card and PIF always. 

 

3 - that on time PIF history on your current AMEX card will look really good to AMEX and I think that will carry a lot of weight

 

4 - If you really, really must apply for an AMEX revolver before 2014, why not consider the Clear card?  I know it's not as attractive as far as benefits, but it is an easy to get revolver, will give you more history with AMEX and in 2014 you can still apply for one of the better benefit cards, and likely get approved. 

 

5 - also depends on what you mean by "high credit limit".  I think you'll get a higher CL if you apply for something like the Clear card, vs other AMEX products such as Delta or Hilton. If you were to get an AMEX revolver with, say, $2K or $3K limit, you could always request a CLI at a later date.  You could also try a PC at a later date; the idea is to get your foot in the door with AMEX and a revolver.   If you're expecting a $5-$10K limit right off the bat, I think that could be a bit of a stretch, given you credit history. 

 

Good Luck in  whatever choice you make!  Finding this forum will certainly be to your advantage!  


+1 Good advice.

 

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%

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