04-12-2010 12:15 PM - edited 04-12-2010 12:34 PM
Here is a quick summary for my credit history
My oldest account is 1 year old with a $1500 CL, HSBC card
Second account is 6 months old with CL 400, Kohls credit card.
pay in full each month, my score is as follows:
TU FICO: 738
EQ FICO: 721
EX "PLUS Score";: 732
I will apply soon to American Express Blue Cash credit card, what are my chances to get approved? should I wait? If I was denied, will I be considered for another AMex card automatically, or I should re-apply again and get another hit in my report? or maybe I should apply from the begining to an easier card.
I appreciate your help
04-12-2010 12:57 PM
I would apply for a charge card, if that is approved, go right back in and apply for the blue, will be same inq if on same day. if you are approved for charge but not blue, wait 6 months with charge card history and try again
04-12-2010 01:06 PM
04-12-2010 01:22 PM
I would apply for the highest level gold card which is $175 a year but free for 1 year, then after 1 year you could product change to zync for $20 a year.
you would not however be able to product change to a credit card from charge card
04-12-2010 03:03 PM
I applied for that exact Amex blue cash card. I ended up getting declined and decided to apply for the Amex with Bank of America. Luckily they approved me with a start of 2K.
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