Reply
Valued Member
GovtGal
Posts: 44
Registered: ‎02-06-2009
0

Re: COSTCO AMEX approved!!


runner4 wrote:
I got the same initial message as well.  It was an interesting wait period.  My understanding from other members of the forum is that they look into your Costco spending history in addition to the standard CC checks.  Let me know what they tell you.  I'm curious.  Now, I just waiting to see what the credit limit is going to be.  Not going to use the card right away.  Want to get other financial things in order first so I can really make this card work for me.

 

I just got a phone call telling me that I was approved.  No e-mail though.  I will find out my credit limit when I get my card.
Established Member
runner4
Posts: 13
Registered: ‎02-14-2008
0

Re: COSTCO AMEX approved!!

Congratulations!!  That's cool they called you.  Never heard of a CC company calling to approve...
Regular Contributor
Kay_Cee
Posts: 201
Registered: ‎01-16-2008
0

Re: COSTCO AMEX approved!!

Congrats on the approval!  I use my card weekly at Costco and always PIF.  AMEX called me too when they approved the card 3.5 years ago and they just recently approved the CLI I requested.  I've never had any trouble (keeping my fingers crossed) with them.
Established Member
runner4
Posts: 13
Registered: ‎02-14-2008
0

Re: COSTCO AMEX approved!!

Got AMEX card today.  CL is $2k......have read from other members that they usually start around here.  Will be interesting was hoping to get a little higher so we can get the points from our cruise purchase....  Oh well.  Will be using my chase rewards card to get the points..  :smileyhappy:  I am grateful that I am still "appealing" to credit card companies during these hard economic times, especially to AMEX. 

 

Valued Member
GovtGal
Posts: 44
Registered: ‎02-06-2009
0

Re: COSTCO AMEX approved!!

Well I got my card in the mail yesterday and my credit limit was $2,000 as well.  Like you said, this must be a standard starting point.

 

They also offered me a balance transfer offer of 1.99% until January 2010.  I have about $1,300 that I'd like to transfer over but I'm afraid to do that with such a new card.  I've heard AMEX frowns on balance transfers...even though they offer them.

Established Member
runner4
Posts: 13
Registered: ‎02-14-2008
0

Re: COSTCO AMEX approved!!

Cool.  We got the same offer as well.  Hubby said not to do the transfer.  It wouldn't be worth the 4% BT fee.  :smileyhappy:  congratulations on your new card.
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008
0

Re: COSTCO AMEX approved!!

Yeah, when the BT offer is good for 6 to 12 months only, the BT fee can push it over the edge prohibitively.

 

BoA offers a 3.99%, but wants a 4% BT as well.  And the 3.99 is only 6 months....and then my rate is 13.99. 

 

 

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Valued Member
GovtGal
Posts: 44
Registered: ‎02-06-2009
0

Re: COSTCO AMEX approved!!


runner4 wrote:
Cool.  We got the same offer as well.  Hubby said not to do the transfer.  It wouldn't be worth the 4% BT fee.  :smileyhappy:  congratulations on your new card.

 

Are you sure there is a 4% fee on your offer?  I just doubled checked mine and this is what it said:

 

APR:

1.99%1

APR Duration:

Through billing period ending January, 2010 2

Fee:

There is no transaction fee associated with this offer

Offer Expiration:

August 20, 2009

Minimum Transfer Amount: 100.00
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008
0

Re: COSTCO AMEX approved!!

Ah, then this is a nice little offer :smileyhappy:

 

 

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Valued Member
GovtGal
Posts: 44
Registered: ‎02-06-2009
0

Re: COSTCO AMEX approved!!

It is a nice offer.  I really want to take it but I'm worried they will cancel me or CLD me.

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}