Reply
Established Member
BRlaw
Posts: 23
Registered: ‎01-21-2014
0

How much history for BCE?

[ Edited ]

I just opened all my accounts listed below in January when should I apply for BCE?

I had no previous credit history...

Discover IT $1000 - TJX MC $3750 - Walmart $950 - Citi AAdvantage $2000/NPSL - Macy's $1000 - Wells Fargo College $1000
Jcrew $1300 - Overstock $7000 - Chase Freedom $3500



Established Contributor
corymcd88
Posts: 898
Registered: ‎12-12-2011
0

Re: How much history for BCE?


BRlaw wrote:

I just opened all my accounts listed below in January when should I apply for BCE?

I had no previous credit history...


I found out for my self after I had one year with an installment loan I was easy to get with AMEX.

Walmart / SYNCB - 4,500/7,500 | JCP MasterCard / SYNCB - 4,000 | Dillard's / SYNCB - 5,000 | Amazon / SYNCB - 1,500 | Chevron / SYNCB - 1,000 | Belk / SYNCB - 3,000 | Aeromexico Visa / US Bank - 300 | Capital One - 500/1,700 | Bank Of America 123 Cash Back - 2,500 | Wells Fargo - 300 |AMEX ZYNC - NPSL | AMEX Hilton HHonours - 2,000 | USAA AMEX - 250 | PenFed Platinum Rewards Visa Signature - 18,400 | PenFed Travel Rewards AMEX - 5,000.
Moderator
Revelate
Posts: 9,731
Registered: ‎12-30-2011
0

Re: How much history for BCE?

[ Edited ]

corymcd88 wrote:

BRlaw wrote:

I just opened all my accounts listed below in January when should I apply for BCE?

I had no previous credit history...


I found out for my self after I had one year with an installment loan I was easy to get with AMEX.


1 year works; six months *maybe* on a revolver.  Six months or thereabouts appears to be the minimum time to obtain a charge card from Amex. 

 

In your place, I'd absolutely throw an application in before the end of the year in order to set membership date, though you could two step it like I did, apply for a Green or whatever and then hit the BCE in January.  I did that when establishing my own account (Zync 9/18/12, BCP 1/13/13) successfully   Would note I had decently above median income (14th percentile at the time) which likely factored into it: based on your lineup (WF College) may make sense to just take the shot at the BCE directly.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


Take the myFICO Fitness Challenge
Epic Contributor
Creditaddict
Posts: 22,030
Registered: ‎10-23-2007
0

Re: How much history for BCE?

6 months

Fico Scores: EQ- 626 Overstck., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
66 Cards and Counting :smileytongue:
Valued Contributor
red259
Posts: 2,100
Registered: ‎06-05-2013
0

Re: How much history for BCE?


Creditaddict wrote:

6 months


+1 assuming everything else is acceptable. You can go the charge card app then if approved go for revolver route if you think you may be borderline. A full year history is def enough and I agree with the prior post saying you should apply at some point in 2014, even if its december, to get your 2014 membership start date. 


Starting Score: EQ: 714, TU 684
Current Score: EQ: 725 7/30/13, TU 684 6/2013, Exp 730 6/27/14
Goal Score: 800 In garden until 1/2015
New Contributor
Twas_Sovereign
Posts: 113
Registered: ‎02-05-2014
0

Re: How much history for BCE?

Seeing as you have applied for a lot of credit in such a short period of time, I would wait a year before attempting to apply for the BCE. Gives you a chance to improve your credit scores and establish a nice history with your current accounts.

 

I have heard of people getting the BCE with 6 month history. I am going to attempt it once I hit my 6 month mark. I have very little inquiries and 3 credit cards totaling $6300 with my highest CL of $3,100 on one card. Are my chances good at getting the BCE? 

7.5k4.6k500NPSL1.2k
TU 732 EX 720 EQ 714
Credit Journey Started September 2013
Epic Contributor
Creditaddict
Posts: 22,030
Registered: ‎10-23-2007
0

Re: How much history for BCE?


Twas_Sovereign wrote:

Seeing as you have applied for a lot of credit in such a short period of time, I would wait a year before attempting to apply for the BCE. Gives you a chance to improve your credit scores and establish a nice history with your current accounts.

 

I have heard of people getting the BCE with 6 month history. I am going to attempt it once I hit my 6 month mark. I have very little inquiries and 3 credit cards totaling $6300 with my highest CL of $3,100 on one card. Are my chances good at getting the BCE? 


Yes

Fico Scores: EQ- 626 Overstck., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
66 Cards and Counting :smileytongue:
Super Contributor
enharu
Posts: 7,132
Registered: ‎02-27-2013
0

Re: How much history for BCE?

Think it really depends. 6 months to a year would be a safe bet.

 

I just had my brother apply for the PRG today and he was approved. Currently he has Discover IT (approved Dec'13) and Chase Freedom (approved Jan'14). Discover just started reporting to his CRs after I had him call to request a manual update. Chase Freedom has yet to report to the CRAs. I also added him as AU on several accounts that are >5 years old, including my BCP (currently it states 2014 MSD for him). Wasn't really expecting much when he applied, but he somehow got approved. 

 

After that, I told him to apply for the BCE, since it's just going to be a SP if denied anyways. Denied. 

 

He's been an ACM on my dad's Singapore Amex since he was 15, so I told him to call in whenever he's free to have it updated. But yea it's a nice haul for someone who's starting out.

 

 

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).
Established Member
BRlaw
Posts: 23
Registered: ‎01-21-2014
0

Re: How much history for BCE?

Thank you guys so much for the input! I guess I will definitely wait 6 months to apply. I guess I should have mentioned I have had student loans deferred on my CR for years and they are at some of those notoriously high amounts you hear about from certain professional schools! So they report and I guess give a history but they also look like a small "installment loan mortgages"... The only people who have really seen to care about them is chase, and I hope this is not the case for amex but I guess I will see in 6 months.

Discover IT $1000 - TJX MC $3750 - Walmart $950 - Citi AAdvantage $2000/NPSL - Macy's $1000 - Wells Fargo College $1000
Jcrew $1300 - Overstock $7000 - Chase Freedom $3500




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+
}