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
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.