Reply
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Can I qualify for an AMEX BCP/BCE or Costco TrueEarnings?


Compnetmd wrote:

I want to apply for an AMEX credit card which I can use for purchases at Costco (BCE, BCP, or Costco TrueEarnings) and carry a balance from time-to-time. Here are my stats:

 

  • I have account history that goes back 14 months.
  • Cap 1 with $1,750 CL - 2% UTIL - Highest Bal. $928 - No Lates - 14mos old
  • Chase Auto/Installment Loan - $19k/$327mo - No Lates - 4mos old 
  • (5) Inquiries - (1) for the orig Cap 1; and (4) for the auto loan (all 4 were within a 10-day period)
  • EQ FICO: 728 - 1/6/12 & EX PLUS: 717 - 1/6/12
  • Income: $55k / yr

OR...

 

If it's doubtful that I would qualify for either of those 2, then which other rewards cards (VISA / MC) would be recommended considering my current history?

I am a Newbie to this sight and any help would be GREATLY APPRECIATED! Thank-you!

 


It's possible you could get Costco or BCP, I don't think BCE. It would have been in your favor with your thin file if you had an existing relationship with AMEX. I would recommend going for the Zync.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Can I qualify for an AMEX BCP/BCE or Costco TrueEarnings?


pizzadude wrote:

 

If you are interested in AMEX cards, you might consider starting with the Zync charge card ~ then apping for BCP or BCE after a few months of good history.

 

The AMEX Charge cards are easier to get than the revolver cards....


+1




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Can I qualify for an AMEX BCP/BCE or Costco TrueEarnings?


Compnetmd wrote:

Yeah, I tried the pre-selector sight earlier today and it listed pre-selection for the Gold, Green, and ZYNC cards.

I'm ok with one of those if they get my foot-in-the-door with AMEX.

 

But what about the Costco TrueEarnings card, is it just as difficult to get as the BCE/BCP?

 

I still want to get at least one more revolving card right now. Is the HP from AMEX going to make it harder to qualify for another revolver, if so, should

I just forget about the AMEX for now and go for 2 more revolvers?


I would say yes, and since their pre-qualifier pretty much gave you all charge cards I think you should be fine getting Zync / Green.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Valued Contributor
Posts: 1,960
Registered: ‎08-13-2007
0

Re: Can I qualify for an AMEX BCP/BCE or Costco TrueEarnings?


LS2982 wrote:

Compnetmd wrote:

Yeah, I tried the pre-selector sight earlier today and it listed pre-selection for the Gold, Green, and ZYNC cards.

I'm ok with one of those if they get my foot-in-the-door with AMEX.

 

But what about the Costco TrueEarnings card, is it just as difficult to get as the BCE/BCP?

 

I still want to get at least one more revolving card right now. Is the HP from AMEX going to make it harder to qualify for another revolver, if so, should

I just forget about the AMEX for now and go for 2 more revolvers?


I would say yes, and since their pre-qualifier pretty much gave you all charge cards I think you should be fine getting Zync / Green.


+1 

 

Ray

Ray

** Every Card has a Job, and Every Card does its Job **

Valued Contributor
Posts: 1,424
Registered: ‎08-28-2010
0

Re: Can I qualify for an AMEX BCP/BCE or Costco TrueEarnings?


Compnetmd wrote:

I want to apply for an AMEX credit card which I can use for purchases at Costco (BCE, BCP, or Costco TrueEarnings) and carry a balance from time-to-time. Here are my stats:

 

  • I have account history that goes back 14 months.
  • Cap 1 with $1,750 CL - 2% UTIL - Highest Bal. $928 - No Lates - 14mos old
  • Chase Auto/Installment Loan - $19k/$327mo - No Lates - 4mos old 
  • (5) Inquiries - (1) for the orig Cap 1; and (4) for the auto loan (all 4 were within a 10-day period)
  • EQ FICO: 728 - 1/6/12 & EX PLUS: 717 - 1/6/12
  • Income: $55k / yr

OR...

 

If it's doubtful that I would qualify for either of those 2, then which other rewards cards (VISA / MC) would be recommended considering my current history?

I am a Newbie to this sight and any help would be GREATLY APPRECIATED! Thank-you!

 



welcome to the forums,,, i dont worry about HP's, if i was u i would app the BCP 1st and if u dont get an instant approval app for the zync, u will get the zync i believeSmiley Surprised

Highlighted
Super Contributor
Posts: 6,670
Registered: ‎04-07-2008
0

Re: Can I qualify for an AMEX BCP/BCE or Costco TrueEarnings?


trumpet-205 wrote:

I waited for 8 months and that wasn't enough for AMEX. Some here suggest at least 1+ year. Smiley Sad


I got the BCE 3 months after getting the Zync. But it might have helped me since I have a very good previous history with AMEX.

 

But if you don have that history I would wait 1 yr as you said




Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. 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.