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Valued Contributor
Posts: 1,998
Registered: ‎03-31-2008
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Amex Question

I've had my charge card with them for 6 months how long should i wait to apply for one of there credit cards?

Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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Valued Contributor
Posts: 1,291
Registered: ‎05-13-2010
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Re: Amex Question

I've heard of many people successfuly getting one of their revolving credit cards after 6 months of a charge card.

 

What is your target card?  For higher end cards like Blue & Clear I would wait another 6 months.

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Moderator Emerita
Posts: 28,098
Registered: ‎04-01-2007
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Re: Amex Question

mjbfan, did you get your AmEx this year? (in 2010)

 

If so, wait until January 2011 or later.

 

The subsequent card will have the month that you open it + the year in which you opened your first AmEx.

 

If you get a second card this year, it will show up as a new card. For instance, if you get one next week, it will show September 2010 for the opening date.

 

But if you wait until January, the new card will show an opening date of January 2010, so you'll have instant age, and you won't get a new card ding.

 

If you got your current card in December, say, of last year, then getting a second card next week will have an opening date of September 2009.

 

Might as well make the AmEx backdating work for you! Smiley Wink

 

For anyone else reading this who doesn't have an AmEx yet, think about getting one in October-November-December, so that you can work the backdating to your advantage with subsequent cards. If you get your first card in January or February, you'll have to wait a year to get that instant age working for you.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Established Contributor
Posts: 540
Registered: ‎06-07-2008
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Re: Amex Question

Instant age Smiley Happy

 

That was good info HTSP thanks.

-void
Super Contributor
Posts: 6,026
Registered: ‎09-18-2007
0

Re: Amex Question

Adding age to AAoA is a good aspect with Amex Cards.

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