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Regular Contributor
Posts: 155
Registered: ‎04-07-2013
0

Costco True Earnings---Chances?

My AAOA is about a year.. so I don't know if this even qualifies for American Express. I am not interested in applying soon, especially since I want to garden for a bit longer. My housemates and I spend a good amount as a house each year at Costco, so I was looking into this option. Plus, their reward programs are great for gas 3%.

 

My stats are below in my signature. Again, I am not interested in applying soon, but I would like some opinions regarding when I should apply for it. My last card, which was the Chase Freedom Visa, was approved in March. I pay in full each month. 

Blue Cash Everyday - $33,600 | United MileagePlus Explorer Card - $16,000 | Discover It - $12,500 | Sapphire - $5,000 |
Freedom - $5,000 | Southwest Airlines Premier $5,000 l Better Balance Rewards - $2,500 | Golden 1 Credit Union Student Visa - $1,000

FICO as of 3/1/2015: 766
Recent College Graduate l Age: 22 l Gardening as of 12/26/2014


Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
0

Re: Costco True Earnings---Chances?

Assuming you have no derogs on file (lates, collections, etc) and an insane number of inquiries, your chances should be very good.

 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Regular Contributor
Posts: 155
Registered: ‎04-07-2013
0

Re: Costco True Earnings---Chances?

Thanks! 

  • No derogs
  • No excessive inquiries

 

I plan to apply Dec 2013 or Jan 2014. 

Blue Cash Everyday - $33,600 | United MileagePlus Explorer Card - $16,000 | Discover It - $12,500 | Sapphire - $5,000 |
Freedom - $5,000 | Southwest Airlines Premier $5,000 l Better Balance Rewards - $2,500 | Golden 1 Credit Union Student Visa - $1,000

FICO as of 3/1/2015: 766
Recent College Graduate l Age: 22 l Gardening as of 12/26/2014


Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
0

Re: Costco True Earnings---Chances?

If you utilization is low, you could just go for it right now. I don't see why you will be declined :smileytongue:

 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Valued Contributor
Posts: 2,218
Registered: ‎09-16-2011
0

Re: Costco True Earnings---Chances?

Don't wait till January, do it in the first half of December want to lock in your 2013 membership date, for maximum back dating goodness on cards after the first. You are probably good to go now, as you have at least one card with 1yr of Age, and no derogs. Or if you want to play it safe go for AMEX PRG with AF waived for the first year. May give you more flexibility in your finances, and makes your AP for the Revolver a SP if not approved.

 

 

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, Fidelity AMEX 12k Sally Mae5k Sams Club MC 10k, Paypal Extras MC 6k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5k, Walmart 10k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 8.5k and a nice stack of store cards.
Last APP/HP 4/22/2015
Valued Contributor
Posts: 2,280
Registered: ‎07-23-2012
0

Re: Costco True Earnings---Chances?


kevinnguyen530 wrote:

Thanks! 

  • No derogs
  • No excessive inquiries

 

I plan to apply Dec 2013 or Jan 2014. 


if i were you id app in dec, too lock in the backdate year for 2013, im apping for this card jan 1'st to get the backdated too jan 12'

which for me doesnt really do much too my aaoa, will be around 21 months (as long as i dont open any other accounts) 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$6,400
Citi DC $10,000
Citizens Mastercard$7,000
Regular Contributor
Posts: 155
Registered: ‎04-07-2013
0

Re: Costco True Earnings---Chances?

Hi All,

 

Thank you for your helpful insights and suggestions. I have two more questions:

  • Is it typically hard to get, or easy to get the Costco AMEX version compared to a Capitol One, Discover, or Chase Freedom?
  • What do you mean by "backdating"? 
Blue Cash Everyday - $33,600 | United MileagePlus Explorer Card - $16,000 | Discover It - $12,500 | Sapphire - $5,000 |
Freedom - $5,000 | Southwest Airlines Premier $5,000 l Better Balance Rewards - $2,500 | Golden 1 Credit Union Student Visa - $1,000

FICO as of 3/1/2015: 766
Recent College Graduate l Age: 22 l Gardening as of 12/26/2014


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