01-14-2010 04:33 AM
In November I received a "pre-selected" invitation for the AMEX Rewards Green Card. I app'ed and received it. In December I received a "pre-selected" invitation for the AMEX Rewards Gold Card. So I called in and asked if I could use the RSVP and invitation to upgrade existing account, which they did.
So, I have an AMEX Rewards Gold Card now. My member since date is 1999. This is my only AMEX account.
I have three Visa & MC accounts that are 4 years old, and I have acquired in 2009 NFCU Visa, Home Depot, JCPenney, Kay's.
I would like to get another AMEX card to help my AAoA. How long should I wait till I apply? I would like a no AF card, so when I do app should I go for the Costco or BlueCash?
01-14-2010 06:36 AM
I don't have tons of AMEX experience, at least not any time recently.
But, I would suggest that you allow all accounts, including AMEX to age at least 6 months and have low utilization before app'ing for another.
I don't know which card would be most likely, or if either has better odds of approval. Are you a member of Costco? I think you have to be member to app, so you might want to think about joining them if you are serious about that card.
Good luck and let us know.
ANYONE ELSE have any incite on this?
01-14-2010 07:12 AM
Yeah, I know aging is best. So you think at least 6 months? Most of my accounts, except AMEX are now at 6 months or close to it. In another 3 months, AMEX (newest account) will be 6 and all the others 8 to 12 or more.
Anyone have experience on which card to go for first: COSTCO or BLUECASH?
Current Line Up:
BoA $10k, 4 years old, $0 bal
Chase $1k, 4 years old, closed, paid as agreed, $0 bal
Cap One, $1k, 4 years old, $0 bal
Chevron/GEMB, 4 years old, $0 bal
Home Depot/Citi, $4k, 2 months, $0 bal
JCPenney/GEMB, $1.5k, 5 months, $400 bal
Kays, $300, 6 months, $0 bal
Firestone, $1.6k, 6 months, $0 bal
AMEX Gold, ~$2.5k, open 3 months (but 99 member since date), PIF
I'd like to get 1 more AMEX since my AMEX date is 1999 to help AAoA on these new accounts, plus even help my other accounts at 4 years.
I'd like a no AF card.
01-14-2010 07:22 AM
I think what you have already is good enough to sit on... unless you desperately need new credit. I would wait until 2011 to do anything.
01-14-2010 09:58 AM
01-14-2010 12:04 PM
01-14-2010 12:09 PM
Is the Costco or BlueCash any easier to get, or equal?
I mean, is there any particular "next" card recommended for another AMEX that uses my existing member since date (99) but is a no AF card?
I don't have a Costco membership. Do I need to join before applying?
01-14-2010 12:25 PM
If CL is attached to past spending, then going out and joining new member just to app would be a little pointless, wouldn't it?
So maybe I should put my sights on the BlueCash. I don't shop Costco, so it's value for Costco purchases would be very limited, it would cost me a Costco AF for membership.
01-14-2010 01:59 PM