Approved for Blue Cash Preferred!!!!

bamagirl1 · ‎07-10-2012

Congrats!!

I think when I do apply for a 2nd Amex it will be one of the blue cards..I love reading stories like this..Gives us all hope and the information to make an informed decision..

~01/2008 Ficos TU 571-EX 647-EQ 652~
~3/21/2009 Ficos TU 705 EX 702 EQ 692~
~9/9/09 Ficos TU 718 EQ 693 EX???
~06/25/12 Ficos TU 719 EQ 677 EX??

espnjunkie · ‎07-10-2012

I asked Amex about this and the CSR rep said they review all accounts every six months or so and one of the factors they consider is average payment amount. It is best for this scoring model to pay early and in full for everything if possible. This is a factor in CLI's. I figure while 12,000.00 might be seriously pushing it, another two months of perfect payment history on BCP and Green give them little reason to doubt me. So far they have done everything I have asked for. I even got the "Spend 1,000.00 in the next three months and get a 150.00 statement credit" offer. It was advertised on other websites so I called in and asked if I could have that. The CSR said he would put in a request to add that and not to worry it would be taken care of.

“The real measure of your wealth is how much you’d be worth if you lost all your money.” ~Unknown
Citi Prestige World Elite Mastercard ($35,000.00), Merrill+ Visa Signature ($25,000.00), Amex BCP ($29,700.00), Amex Green (NPSL), Capital One Quicksilver World Mastercard ($10,000.00), Chase Ink Business Bold (NPSL)
TU-778 (12/03/2014))
EX (Plus) - 777 (10/21/2013)
EQ - 735 (April 2013)

FrugalRican · ‎07-10-2012

Nicely done on the statement credit.

Now time to find what classifies as "Grocery" for you, nearby.

Oddly enough, my local Target counts on my BCE as "Grocery", so I try to make a lot of my buys there as well, to take advantage.

Follow my financial journey: http://www.frugalrican.com

EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

espnjunkie · ‎07-10-2012

If you already are an Amex cardmember and have solid payment history with them it does not appear to be too tough to get approvals for pretty much any of their products (YMMV of course). They have their own internal scoring system for customers. Where I could see Chase or Citi denying me right now, Amex can see my history on the green card for the past six months. I can see why people like Amex so much, they are good to you unless you screw them. Then I have heard they can be extremely unforgiving.

“The real measure of your wealth is how much you’d be worth if you lost all your money.” ~Unknown
Citi Prestige World Elite Mastercard ($35,000.00), Merrill+ Visa Signature ($25,000.00), Amex BCP ($29,700.00), Amex Green (NPSL), Capital One Quicksilver World Mastercard ($10,000.00), Chase Ink Business Bold (NPSL)
TU-778 (12/03/2014))
EX (Plus) - 777 (10/21/2013)
EQ - 735 (April 2013)

searchingfor67 · ‎07-10-2012

@espnjunkie wrote:
Thanks so much FrugalRican! The advice I have received has been spot on the whole way. Posters here really know their stuff and have been through it all. The application was super easy as well because I was already a cardmember. Took less than a minute to check the boxes and fill out. So in 2 months I can theoretically ask for a $12,000.00 limit? Wishful thinking but worth a shot if it's only a soft pull.

I can't believe how far I have come in under a year. I want to help pay it forward to anyone else with questions and help with what knowledge I can.

CSP doesn't feel too far away at all now, same with any visa signature or world mastercard

Congrats!!! That's a great starting limit. With respect to how realistic it is to go from $4K to $12K in 61 days, in my opinion very realistic. I went from an approval limit of $2K on 9/11/11, to $6K 61 days later, to $18K 6 mos later...The 3x limit rule works...use it!

bamagirl1 · ‎07-10-2012

Espn--

I got the Zync on 06/25/12 so I thought about apping for one of the version of Blue in Jan 2013, that way if approved the new card would have an earlier opening date that the original card..And I think from what I've read it's only a SP for the new card..

Again Congrats! Can't wait to read how this card grows for you!

~01/2008 Ficos TU 571-EX 647-EQ 652~
~3/21/2009 Ficos TU 705 EX 702 EQ 692~
~9/9/09 Ficos TU 718 EQ 693 EX???
~06/25/12 Ficos TU 719 EQ 677 EX??

espnjunkie · ‎07-10-2012

Anything you buy at Target is considered 'grocery'??!?! I might have to start shopping there more often haha. I think I will just use the BCP for rewards category spending, and put everything else on the Green card to rack up MR points. It'll be nice to cash those bad boys in for a free flight at some point haha. While I would like to have a platinum card someday, right now it's totally unnecessary. Any grocery stores/department stores get a great rewards rate on this card though.

“The real measure of your wealth is how much you’d be worth if you lost all your money.” ~Unknown
Citi Prestige World Elite Mastercard ($35,000.00), Merrill+ Visa Signature ($25,000.00), Amex BCP ($29,700.00), Amex Green (NPSL), Capital One Quicksilver World Mastercard ($10,000.00), Chase Ink Business Bold (NPSL)
TU-778 (12/03/2014))
EX (Plus) - 777 (10/21/2013)
EQ - 735 (April 2013)

improvingmycredit · ‎07-10-2012

Congrats!!!! What a GREAT card and awesome starting limit! WOOHOO

Starting Score: 642
Current Score: EQ 773, EX 780, TU 777 (All FICO)
Goal Score: 800+
Cards: NFCU Flagship 50K, DC 30K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSR 20.5K, TotalRewards 25K, QuickSilver 20K

espnjunkie · ‎07-10-2012

I'd wait six months on the Zync and then apply for BCE/BCP or something else. That way you have some payment history for them to go by. Once you are 'in' with them, you really are 'in' so to speak it seems. I can't even wrap my mind around a 12,000.00 limit right now (I'd never spend that much in a month right now hahaha), but it sounds awesome. I'd be happy just getting over the 5,000.00 hump to qualify for visa signature/world mastercard products.

“The real measure of your wealth is how much you’d be worth if you lost all your money.” ~Unknown
Citi Prestige World Elite Mastercard ($35,000.00), Merrill+ Visa Signature ($25,000.00), Amex BCP ($29,700.00), Amex Green (NPSL), Capital One Quicksilver World Mastercard ($10,000.00), Chase Ink Business Bold (NPSL)
TU-778 (12/03/2014))
EX (Plus) - 777 (10/21/2013)
EQ - 735 (April 2013)

Crashem · ‎07-10-2012

@bamagirl1 wrote:
Espn--

I got the Zync on 06/25/12 so I thought about apping for one of the version of Blue in Jan 2013, that way if approved the new card would have an earlier opening date that the original card..And I think from what I've read it's only a SP for the new card..

Again Congrats! Can't wait to read how this card grows for you!

Soft pull if rejected. Hard pull with approval. Good plan however.