Reply
Regular Contributor
720ismygoal
Posts: 169
Registered: ‎05-16-2011
0

Discover, then Amex?

Hi,

 

I recently got approved for a Discover More card! happy about that!!! My question is: will Amex be able to approve me after they see that i have had the discover card for at least a year? What i mean is that if they see Discover with a nice limit as apose to Cap1 with a low limit, will they consider extending credit to me?

 

Thanks!

Old Navy: AU $600----------------Walmart(store card): $900 & FICO: 680
Sears Mastercard: AU $300-----TU: FICO 652 April/2012
Emblemcard: $325------------------EQ: FICO 668 April/2012
Discover: $1,000-FICO 695 4/25/12---------Bringing home Amex in 2013!
Cap1: $750 Gardening mode until April 2013
Cap1: $500



Regular Contributor
hateAshbury
Posts: 131
Registered: ‎11-14-2011
0

Re: Discover, then Amex?

 You ask, I speculate as follows:

 

AmEx doesn't care whether your credit limit is X or Y with lender W or Z. They care about delinquencies and derogs. If you have few to zero delinq/derogs, you've got a shot; otherwise, not so much.


Starting Score: 653 (11/1/2011 TransUnion)
Current Score: 719 (5/3/2012 TransUnion) 572 (3/21/2012 Equifax) 762 (4/14/12 VantageScore)
Goal Score: 700


Take the FICO Fitness Challenge
Valued Contributor
boomhower
Posts: 1,863
Registered: ‎09-20-2011
0

Re: Discover, then Amex?

A clean report with low UT and a year or two of credit history with a couple cards should be an easy approval.

Established Contributor
Smug
Posts: 961
Registered: ‎12-21-2010
0

Re: Discover, then Amex?

I got discover and Amex on the same day.
Experian® 808/Equifax® ?/TransUnion® 810
Baddies Experian® clean/Equifax® 1/TransUnion® Clean
Last CLI 6-13-2013
Total Credit $121,190.00
Goal 780!
Established Contributor
modernsurrender
Posts: 805
Registered: ‎02-01-2008
0

Re: Discover, then Amex?

[ Edited ]

I got approved for both within a 24 hour period, instant approvals online - although the AmEx was a charge card and not a revolver.  (I just wanted to get in with them for the sake of backdating when I'm ready for a revolver card with them.)

 

I also got approved for both of those before any "nice limit" cards were showing on my CR... All that was showing were my rebuilders (Orchard - 200, BofA - 800, HSBC - 950) and my new VS card with a $500 limit.

 

I'd say if you're already apping places and picking up inquiries, you may as well try for whatever your heart desires.  The worst that happens is they say no.  The effect of the inquiries will all age off around the same time next year and you can do it again if you don't get what you want this time!

Start 2/2008: TU 495 || EX 539 || EQ 528
Now 5/2013: TU 716 || EX ??? || EQ 702

Slate: $5000 Simplicity: $5000 David's Bridal: $3500 SW Chase: $3000 FNBO: $3000 Barclay NFL: $2500 BofA: $2400 Discover IT: $1700 Walmart: $1500 Victoria's Secret: $1000 Cap1: $750 Amex Zync: NPSL
(2 derogs to go until I'm squeaky clean in 2014!)
Established Contributor
bettercreditguy1
Posts: 760
Registered: ‎02-11-2012
0

Re: Discover, then Amex?

Once approved for Amex, they often do numberous soft pulls to see how you are paying your other accounts. Just fyi.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)


Remember the Three P's: Pay early in Full, Pay on Time, Patience
Blogger
FrugalRican
Posts: 2,876
Registered: ‎02-02-2012
0

Re: Discover, then Amex?

I got Discover and then AMEX within a week of each other.

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)


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+
}