Amex Gold "you've been selected to apply"

[grubs]

I received this amex gold invitation to apply, and was wondering if i should pull the trigger. Is this the ideal card to get my foot In the door with amex? I currently have three cards right now. 

ge/auto---- $1500/0

credit union student visa----$1000/221

citi student foward--- $1300/255

utilization at 21%

EX--701

Aaoa- 1 year 5 months

Most recent inquiries on EX was in nov 12' and feb 12'

income is low(full time student) ~10,000

I wont pull the trigger until I get some feedback from you  guys! Thanks

[09Lexie]

IMO, the income will be an issue. 

[Denny33142]

Yes income might be a problem.

We just had a thread about this a few days ago, With your income you are not going to be able to use it enough to even pay for the annual fee, If you want an amex i would suggest to apply for the Blue Cash Everyday card which does not have an annual fee.

[nagisa]

---

@Denny33142 wrote:

With your income you are not going to be able to use it enough to even pay for the annual fee,

---

The usual new signup offer waives the first year's AF I thought. He could always get it for a year, cancel before 2nd year then at least he has ability to backdate later (or app for a BCE).

[grubs]

---

@nagisa wrote:

---

@Denny33142 wrote:

With your income you are not going to be able to use it enough to even pay for the annual fee,

---

The usual new signup offer waives the first year's AF I thought. He could always get it for a year, cancel before 2nd year then at least he has ability to backdate later (or app for a BCE).

---

You are correct It does say that the AF will be waived for the first year.  I thought the BCE would be harder to obtain than a charge card?

[ceemee2203]

If you have any savings/investments make sure to count that. I have 20k+ in my AMEX personal savings account. Even though I make a little over 40k per year.  I also have investments. 

I say this because I have a couple baddies on my report and no CCC would even look at me a couple years ago. Somehow, I got an AMEX. 

Aside from the low income, you should also try to bring your utilization down to 9% or less before applying. 

[grubs]

Yeah I guess I'll wait until June to apply, hopefully by then my Ex fico will be above 735 and utilization will be at 1%. I will be going for the BCE 

[CraftyProcrastinator]

The income should not be a problem, I am a full time student as well and applied with a similar income, maybe a few thousand more. I was instantly approved, but I also had a BCE prior to that so YMMV

[grubs]

---

@CraftyProcrastinator wrote:

The income should not be a problem, I am a full time student as well and applied with a similar income, maybe a few thousand more. I was instantly approved, but I also had a BCE prior to that so YMMV

---

What was your credit profile like when you applied for the bce? Aaoa? score? Etc..

[CraftyProcrastinator]

The approval letter came with a score of 753, so that. Aaoa was around 2 years, and had a Kay card, along with a bofa student visa, total credit under 2k. I applied with about 8k income, and was approved for 2k