02-02-2013 04:02 PM
what does it mean by a charge card? how different is it from a revolver?
The balance on a charge card must be paid in full every month; on a revolver, you must pay at least a minimum amount each month, but you can carry a balance over from one month to the next.
Oh ok Thx. so I dont see any advantage of a charge card. right?
02-02-2013 06:29 PM
The balance that is reported to the CRAs on a charge card is not factored into your utilization percentage so it will help to keep your scores up a bit. You still have a month to pay the charge card off after your statement cuts.
07-14-2013 03:56 PM
I know this is an old thread but does it mean anything if amex tells you in the denial letter that you are welcome to apply for one of their other cards or is that standard? A friend of mine applied for a revolver from Amex and was denied. I don't know his specific credit profile details but in the denial letter it said he was welcome to apply for one of their other cards but just to wait 30 days before he does. I reccomended Amex green if he wants an Amex because from everything I've read here it seems like that one is believed to be the "easiest" to get.
07-15-2013 07:52 AM
I really like your layout of your signature, how did you manage to do that? Is it something that I can copy/paste somewhere? Thanks.
08-02-2014 03:30 PM
Just got declined for the Green card, AMEX hates me.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.