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07-22-2012 10:15 PM - edited 07-22-2012 10:16 PM
There are many other rewards you can consider at first, like the chase freedom, discover more and chase sapphire. They are more rewarding
Right, unless building a relationship with Amex is important, Chase's CSP or BofA Travel rewards card would be better since the OP mainly plans to use it abroad.
CSP has first year fee wavied, nice sign up bonus, great rewards program, and no forex fee. BofA is no fee, no forex, and EMV chip. Both are better than Amex abroad given the that Amex will charge a forex fee on every transaction, not to mention wider acceptance.
07-22-2012 10:18 PM
07-22-2012 10:23 PM - edited 07-22-2012 10:24 PM
@Open123: Part of my reasoning was to develop a relationship with AMEX, part of it is to have a charge card, and part of this is because quite frankly, I'm not sure I would qualify for the "top tier" of rewards cards be it AMEX or anywhere else.
After your Amex, I'd highly recommend considering a no forex chip & pin MC/Visa card. These days, this technology is becomming more widespread and isn't solely reserved for high end travel cards.
Try and see if you'd qualify for the BofA Travel card. No fee, no forex, and EMV (not to mention 1.5% rewards on spending) seems like a great deal when using abroad. Combine that with an Amex charge, and you'd have a nice combination.
07-22-2012 10:26 PM
If you just want to build relationship with AMEX, you could try Sky Blue or Cash, they offer $100 signup bonus at least. Sky Cash offers 3%~6% rewards in supermarket. I think that would be better. As for charge card, I am not sure if that could be helpful for your credit score. Maybe even make it lower
07-22-2012 10:28 PM
07-22-2012 10:31 PM
07-22-2012 10:54 PM - edited 07-22-2012 10:56 PM
I think I read only first app with amex is HP and after that they SP you or something like that.
We would need someone with the info to chime in though.
Edit: No one has ever verified my income and I´m 19 right now.. started when I was 18 years old.
I don´t know about amex but I think you could include your scholarships as income.
07-22-2012 11:00 PM