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Regular Contributor
CJ3
Posts: 170
Registered: ‎06-03-2013
0

Advice on getting an Amex or Citi Card

Besides having a credit report without any blemishes, I really want an American Express Charge and Blue Card, Citi Card Thank You and Chase Freedom. I need some help on what I need to do, so that I increase my chances of approval. For what I have read, Amex and Citi typically pull Experian. With that being said, here is a look of what's on my report as of today:

 

Federal Tax Lien (hoping to have this removed with the Fresh Start Program)

1 - 30 Day Late on Ford Expedition (my sister's truck I co-signed for back in 2005. Due to drop off 2/2014)

1 - 30 Day Late on Vystar Credit Card (due to drop off 7/2014)

Verizon CO - Paid (trying to gw, with no luck)

I also have 14 inq (most of them in June 2014)

 

I currently have about $7600 in credit debt, with 68% debt to credit (half of it is due to my purchase of an engagement ring). I know I need to get my utilization down.

 

What should I do next to get approved for the cards above? What kind of scores do I need?

 

 

Starting Scores for 2014: EX 689 EQ 686 TU 667 (1/1/14)
Current Scores: EX 689 EQ 692 TU 689 (1/30/14)
Goal Score: 700+ Gardening Until 1/1/16
In My Wallet: NFCU CLOC $8K | NFCU cashRewards $7.5K | Amex Hilton Honors $4k | Macy's $3.3K | Amex PRG $3K | NFCU Platinum $2.5K | Bloomingdale's $2K | Cap 1 Spark $1.5K | Barclaycard $1.3K | CFNA $1.2K | Wal-Mart $1.2K | Amazon $1.2K | Amex BCE $1K | Cap 1 QS $1K | Cap 1 QS $1K | CareCredit $1K
Regular Contributor
subsnao
Posts: 133
Registered: ‎08-22-2013
0

Re: Advice on getting an Amex or Citi Card


CJ3 wrote:

Besides having a credit report without any blemishes, I really want an American Express Charge and Blue Card, Citi Card Thank You and Chase Freedom. I need some help on what I need to do, so that I increase my chances of approval. For what I have read, Amex and Citi typically pull Experian. With that being said, here is a look of what's on my report as of today:

 

Federal Tax Lien (hoping to have this removed with the Fresh Start Program)

1 - 30 Day Late on Ford Expedition (my sister's truck I co-signed for back in 2005. Due to drop off 2/2014)

1 - 30 Day Late on Vystar Credit Card (due to drop off 7/2014)

Verizon CO - Paid (trying to gw, with no luck)

I also have 14 inq (most of them in June 2014)

 

I currently have about $7600 in credit debt, with 68% debt to credit (half of it is due to my purchase of an engagement ring). I know I need to get my utilization down.

 

What should I do next to get approved for the cards above? What kind of scores do I need?

 

 


AMEX and Citi can sometimes be sticklers when it comes to things like inquiries and baddies. For one, I would try to get a PFD on your Verizon CO if possible. That way it is off your CR way before the time it is meant to fall off. Also, I would wait for your other baddies to fall off as well, at least wait until Feb of 2014 for the car baddie to fall off. Also, get your util down to below 30%, but around 10% is optimum (IMHO). Score wise, you are going to want to try and  get at least a 700. How does your AAoA look? Your INQs shouldn't matter anymore as they are over 1 year old and are no longer affecting you score wise.


In the garden as of 11/19/2014
Scores:
TU: 753 (Discover FICO 7/2014) EQ: 721 (FICO 4/2014) EX: 723 (FICO 3/2014)
Age: 21
Senior Contributor
youngandcreditwrthy
Posts: 6,242
Registered: ‎08-16-2012
0

Re: Advice on getting an Amex or Citi Card

You're more likely to get approved for Amex than Chiti imo.
I have had nothing but horrible experiences with Citi.
They hp'ed me FOUR times for approval even with a 700+ fico
AND they have awful customer service, but ymmv.
Are your FICOs 680+?
Amex may triple pull ya for a borderline approval or just pull Experian.
So your experiab score matters the most for Amex.
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Valued Contributor
dddewdrop
Posts: 1,060
Registered: ‎02-06-2013
0

Re: Advice on getting an Amex or Citi Card

   Honestly, I don't think you have any chance at this point for Amex or Citi. You should focus on getting your federal lien removed. I was able to do so successfully. Of the 3 you are closest to the Chase Freedom. You can see a link in my sig to my story. I was able to get a Freedom and get a federal lien successfully removed from my credit reports. If I were you I would focus on paying down my debt before I applied for more credit. Get more hours at work, get a second job, find ways to spend less of what you earn. Whatever it takes focus on becoming debt free. It should be more important to you and more of a priority than being approved for more credit cards. Having someone extend to you the "privilege" of making money off you by loaning you money is not really a good thing. Pay your debts and get out off owing others money. You will feel better and be in a better position in life....

0/10001100/13001346/16001699/2000Prepaid ,,Recent scores:FICO EX 632,EQ 635,TU 632...Link to my Rebuild Log
Regular Contributor
CJ3
Posts: 170
Registered: ‎06-03-2013
0

Re: Advice on getting an Amex or Citi Card

Thanks for all the advice everyone. I sent in the paperwork to have the Tax Lien removed. Again, I just got an engagement ring and half of what I owe is from that. I plan on having everything paidoff by the end of the year. My credit scores were a higher by almost 20-30 points about a month ago until I purchased the ring. I guess I will wait and allow my tradelines to age and wait for the baddies to fall off or should I say, turn into an account in good standing. How can get a pfd for verizon, if I already paid them?

Starting Scores for 2014: EX 689 EQ 686 TU 667 (1/1/14)
Current Scores: EX 689 EQ 692 TU 689 (1/30/14)
Goal Score: 700+ Gardening Until 1/1/16
In My Wallet: NFCU CLOC $8K | NFCU cashRewards $7.5K | Amex Hilton Honors $4k | Macy's $3.3K | Amex PRG $3K | NFCU Platinum $2.5K | Bloomingdale's $2K | Cap 1 Spark $1.5K | Barclaycard $1.3K | CFNA $1.2K | Wal-Mart $1.2K | Amazon $1.2K | Amex BCE $1K | Cap 1 QS $1K | Cap 1 QS $1K | CareCredit $1K
Valued Contributor
takeshi74
Posts: 3,051
Registered: ‎06-05-2013
0

Re: Advice on getting an Amex or Citi Card

[ Edited ]

CJ3 wrote:

What should I do next to get approved for the cards above? What kind of scores do I need?

 


It seems like you know what you need to do.  As always, it's not just a matter of scores.  You need to clean up the derogs as much as possible and wait for the ones that will fall off if they can't be removed (i.e. check your reports after 7/2014 and apply after confirming that they're gone).  You also need to drastically drop your utilization.

 

Inquiries are also high but they're not as much of an issue after a year so you can figure out when you'll be in better shape in that regard.

 


CJ3 wrote:

How can get a pfd for verizon, if I already paid them?


Too late for PFD as you have no leverage.  All you can do is a goodwill request.

Frequent Contributor
Pat94108
Posts: 387
Registered: ‎03-23-2013
0

Re: Advice on getting an Amex or Citi Card


dddewdrop wrote:

   Honestly, I don't think you have any chance at this point for Amex or Citi. You should focus on getting your federal lien removed. I was able to do so successfully. Of the 3 you are closest to the Chase Freedom. You can see a link in my sig to my story. I was able to get a Freedom and get a federal lien successfully removed from my credit reports. If I were you I would focus on paying down my debt before I applied for more credit. Get more hours at work, get a second job, find ways to spend less of what you earn. Whatever it takes focus on becoming debt free. It should be more important to you and more of a priority than being approved for more credit cards. Having someone extend to you the "privilege" of making money off you by loaning you money is not really a good thing. Pay your debts and get out off owing others money. You will feel better and be in a better position in life....


+1 Great post.

Established Contributor
Simply827
Posts: 741
Registered: ‎10-15-2012
0

Re: Advice on getting an Amex or Citi Card

It seems like you've already decided on what to do, but I was approved for a CIti TY for $3500 with this profile:

 

Double pull on EX and EQ

EX: around 668

EQ: around 698

Util: around 15%

AAoA: 6 years

 

4 SL tradelines with lates up until 120 days on both EX and EQ. Last late nearly 3 years ago.

Unpaid judgment from 2007 on EX

 

I never would have thought I'd be approved because of the judgment and I knew they'd likely pull EX. The only reason I even did apply is because they sent me a bonus offer that I was willing to take a gamble for. I will however wait until the judgment is gone to app for Amex.

 

Best of luck to you.


Starting Score: 515
Current Score: EQ 689 EX 703 TU 707
Goal Score: 700+

PSECU $10000 | Discover IT $9250 | Barclay Ring $6500 | DCU $5000 | Citi DC $4600 | Amex BCP $4100 | Chase Freedom $4000 | PayPal Extras MC $3000 | US Airways $2000 | Cap 1 Platinum $1700 | Cap 1 QS One $1500 | Union Plus $1000 | Target $200

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