07-20-2012 07:55 PM
Thanks Revelate. Yes, the new store card has already started reporting. Regarding becoming an AU on a real AMEX, I read somewhere that if you become an AU on a card with a high CL, then it can negatively affect you when applying elsewhere. Say if the card has a 20K CL and next time I apply for a card, my income is under 10K, then it can look very unusual to the lender with my CLs in proportion to income. What are your thoughts?
07-20-2012 10:56 PM
tl;dr, so apologies if I'm being reduntant. My greatest regret as a college student (credit-wise) is not applying for an AmEx card. If your parents have one (issued by AmEx, so it can be backdated) see if they'll add you as an ACM. Citi was also good to me as a college student, not sure if that's still the case though.
07-21-2012 07:22 AM
07-21-2012 08:19 AM
Hrm, open question, can you backdate to a Macy's store card?
I wouldn't think so, in which case, apply for the Zync now (if you want an Amex ever) to get your membership date set rather than 2013 as FR suggests.
All I read was AMEX and assumed it was a BCE, for some reason.
You're better off doing this in 2012 (applying for the Zync).
Follow my financial journey: http://www.frugalrican.com
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.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.
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.