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New Contributor
Posts: 121
Registered: ‎01-16-2013
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Best type of Amex card to get

Hello,

 

I've after having really **bleep** credit I got approved for the zync card. ( I had just paid off charge offs a couple months previously) It is a bad card but hey its an amex. Now they cancelled it (the card itself not my card) I'm also an authorized user on another person's green card. I know everyone has different needs but someone someone who doesn't have a small business what should be the next card I should try to get? My own approved green card, the blue card with a limit?

 

Tips?

Valued Contributor
Posts: 1,971
Registered: ‎09-16-2011
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Re: Best type of Amex card to get

Since you applied for your Zync card last year, I would go with the Gold Prefered card, if the first annual fee is waived. You get backdating goodness since it January. Hold both cards till next year, then decide how you want to proceed. Low AF, High AF with good benefits, or no AF if you move onto a revolver or another free first year no AF card. 

 

I say keep the Zync card since you allready paid its low AF, and why create a short tradeline that may raise flags under manual reviews. If you PC to a card you will probably get stuck with another AF so its best just too add another card since its  a SP if you are denied and you can PC then if you want too. 

 

 


Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Sally Mae5k Sams Club MC 10k, Paypal Extras MC 6k, CapOne QS 2.5k, QS 750, Amazon 3.9k, Walmart 4.5k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 6.5k and a nice stack of store cards.
Last APP 12/15/2014
New Contributor
Posts: 121
Registered: ‎01-16-2013
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Re: Best type of Amex card to get

Sorry but what does pc mean

 

My credit is better now but it still has only been a year since all those charge-offs would it be hard to get the gold?

 

Are the blue or credit cards any good?

Valued Contributor
Posts: 1,971
Registered: ‎09-16-2011
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Re: Best type of Amex card to get

pc = product change

All. Charge cards have the same underwriter requirements at least for the basic charge cards green, gold, platinum the only difference is the! Af

the blue is an okay. Card I have it rewards aren't great the blue cash card is better both are reevolvers and need around a 700 fico to be approved

Send from phone editing sucks on this little keyboard

Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Sally Mae5k Sams Club MC 10k, Paypal Extras MC 6k, CapOne QS 2.5k, QS 750, Amazon 3.9k, Walmart 4.5k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 6.5k and a nice stack of store cards.
Last APP 12/15/2014
New Contributor
Posts: 121
Registered: ‎01-16-2013
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Re: Best type of Amex card to get

Thanks!

Moderator Emeritus
Posts: 10,847
Registered: ‎12-30-2011
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Re: Best type of Amex card to get

To answer this question, we really need to know how much you're spending, and what you're spending it on.  Also whether you prefer the pay-in-full nature of the charge cards, or whether you'd like more flexibility to pay over time.

 

The choice between Amex cards is mostly in the rewards structure, and for some the Zync isn't a bad card at all; for others, they can absolutely do better either in one of the higher tier charge products as has been recommended, or in one of the revolvers.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 683, EQ 8 690, TU 710, EX 715 (01/01/15)
Goal Score: 700 on EQ 04 (01/01/16)


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New Contributor
Posts: 121
Registered: ‎01-16-2013
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Re: Best type of Amex card to get

I spend mostly 2-3 a month on my amex. Bills, food, things from stores

Regular Contributor
Posts: 349
Registered: ‎02-01-2010
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Re: Best type of Amex card to get

Personally, BCP is my everyday favorite. Grocery stores 6%, gas/dept. stores 3% and 1% everywhere else.It fits well with my spending. Sure there's the 75.00 AF but I've had the card just since last August and I've racked up over 400.00 so far in bonus + rewards. Enough to offset AF for 5 years!

Meg.

FICO: 04/2014 - TU 765 | EQ ??? | EX 768

Barclays / Sallie Mae World MC 13,000 | FNBO 11,600 | Lowes 10,000 | LOC 9,300 | Amex BCP 7,200 | BOA Platinum+ 6,000 | Amex SPG 5,700 | Citi Simplicity 5,200 | Chase CSP 5,000 | Achieva CU 4,000 | Discover 4,000 | Sam's Club 3,000 | Sears 900
Regular Contributor
Posts: 181
Registered: ‎08-09-2012
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Re: Best type of Amex card to get

If you're spending that much I would recommend the Premier Rewards Gold card. $30k spend in a year gets you 15,000 bonus points, which would essentially pay for the AF. Combined with the 1, 2, 3 point structure and you can rack up points quickly. I love mine and am pleased with my rewards despite not hitting $30k in a year. Even at $15-$20k, I feel like I'm getting my money's worth out of the AF.



What's in my wallet:



Left to right:
NPSL ($10k approved)
$5k (EMV - Chip & PIN)
$7k (Visa Sig + EMV)
$7.5k (WEMC)

Transunion FICO: 709 (8/13/12) -> 740 (9/24/12)
Credit Karma: 772 (11/24/13)
Credit Sesame: 755 (11/5/13)
New Contributor
Posts: 121
Registered: ‎01-16-2013
0

Re: Best type of Amex card to get

Well I generally spend that much, but next year I'm not sure probably at least 1k a month though. I'm worried since while my payment history with american express is excelletn and I have been approved for the zynccard I don't want to get denied for another rewards card if i tried

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