08-06-2012 09:18 AM
Just received another offer for the Amex Pre-paid card. Is it worth it? Does it help to obtain an Amex Card?
08-06-2012 09:24 AM
08-06-2012 09:37 AM
Im on my third week using mine. What I'm doing is loading 200-300 per week on card and then using it for my dining and entertaining expenses. I have two normal credit cards that I'm pushing 1000 on one and 2000 on the other per month and using those for bills and groceries. The earliest you will receive an invitation to get another AMEX product based on the prepaid card is 6 months.
There have been posts from people who have used it less than six months and applied on their own and were approved for another AMEX card. There is no way to tell if the use of the prepaid card influenced AMEX's approval decision. I'm using it on the off chance that it will. I plan on apping for AMEX around October (maybe early December if my travel gets pushed back). I'll let yall know how it goes.
08-06-2012 09:46 AM
08-06-2012 10:03 AM
@ Ducanrr...gonna try the card and see what happens. I have been getting quite a few cards lately. Havent apped for any, will see if this helps to get back with Amex. In the process of paying all my cards off. Amex is the next major card I want, so I will see if this helps with other cards being at 0 balance.
Let me know how yours works out.....
08-06-2012 10:14 AM
08-06-2012 11:06 AM
I was just lurking through the amex pre-paid page, and it doesn't say anything about Make Your Move (the program that would have them offer you a card after at least 6 months of history with the pre-paid) anymore. I wonder if they got rid of the program.
08-06-2012 11:07 AM
08-06-2012 11:50 AM
I am on my 6th month mark around the 20th of this month. No offer or invitation, but they have sent me several surveys regarding my experience with the card.
For me, I got it for the small chance of getting an invitation, however I haven't loaded huge amounts onto the card. couple hundred here or there. Nothing consistent.
I am with NFCU, and slowly been eliminating those high priced cards I got in the beginning. I am extremely satisfied with the way NFCU and Cap One has treated me thus far. I guess it just hasn't been a high priority for me.
Altho let me clarify, getting in with AMEX is, I just know that proper weeding and watering the credit card patch and time with patience is the key.
Just my 2Cents.
08-06-2012 12:01 PM
I'm new here and I keep seeing the term "backdating" or "backdating purposes" what does this mean in relation to AMEX?
Thanks excuse me for my ignorance.
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.