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Contributor
Posts: 92
Registered: ‎06-16-2012
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I know I shouldn't.... I really want an AMEX too!

Okay. So, I'd like to think I'm in better control of myself, but I would really like to add an AMEX to the family. I have 1 inq on EX. 5 on EQ and 1 on TU. I am debating waiting to app for a revolver. But, I have no history with them and not sure that's the way to go.

 

I'm still in a window where a couple of my new accounts haven't reported yet. No baddies. Any good advice ou there on which would be a good card to go for? At this piont,

I'll probably wind up waiting... Better judgement is calling my name and well... AMEX is kinda intimidating.

 

I'm supposed to be in the garden.... I know, I know...

Current: EQ 791 / TU 788 / EX 752 FICO's (MyFico, Oct 2012)

*** NFCU Plat | USAA CR Amex | PenFed TR Amex | BOA Gold | JP Morgan Select | Amex BCP | Amex PRG | USAA Plat ***
Valued Contributor
Posts: 2,234
Registered: ‎09-16-2011
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Re: I know I shouldn't.... I really want an AMEX too!

What cards and length of history do you have? 

 

AMEX wants a minimum of two cards with more than a year of history, if you have that it shouldn't be a problem your scores are more than good enough. 

 

 

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 10k and a nice stack of store cards.
Last APP/HP 4/22/2015
Valued Contributor
Posts: 2,982
Registered: ‎02-09-2012
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Re: I know I shouldn't.... I really want an AMEX too!

If you have 1 yr history and low util%, you may be a good canidate for at least the Zync.

5/2012: 560 credit scores across the board and $500 secured CC
12/2014: 750+ scores across the board and $80k in revolving credit

Get those baddies removed!!!
Contributor
Posts: 92
Registered: ‎06-16-2012
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Re: I know I shouldn't.... I really want an AMEX too!


jamesdwi wrote:

What cards and length of history do you have? 

 

AMEX wants a minimum of two cards with more than a year of history, if you have that it shouldn't be a problem your scores are more than good enough. 

 

 


I have six revolvers with CL's over 5k but none over $15k and AAoA is @ 4 years. My history is clean and @ 10 years. I'm not looking for them to match the limits but want to build a relationship. More concerned about them reviewing my recent apps and whether I should hold off.

Current: EQ 791 / TU 788 / EX 752 FICO's (MyFico, Oct 2012)

*** NFCU Plat | USAA CR Amex | PenFed TR Amex | BOA Gold | JP Morgan Select | Amex BCP | Amex PRG | USAA Plat ***
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Posts: 15,442
Registered: ‎04-09-2011
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Re: I know I shouldn't.... I really want an AMEX too!


A_Madel wrote:

jamesdwi wrote:

What cards and length of history do you have? 

 

AMEX wants a minimum of two cards with more than a year of history, if you have that it shouldn't be a problem your scores are more than good enough. 

 

 


I have six revolvers with CL's over 5k but none over $15k and AAoA is @ 4 years. My history is clean and @ 10 years. I'm not looking for them to match the limits but want to build a relationship. More concerned about them reviewing my recent apps and whether I should hold off.


I think you would be fine for a AMEX revolver.

 




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: 2,234
Registered: ‎09-16-2011
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Re: I know I shouldn't.... I really want an AMEX too!

With those scores the only card you can't get instant approval for is the centerion. 

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 10k and a nice stack of store cards.
Last APP/HP 4/22/2015
Frequent Contributor
Posts: 272
Registered: ‎12-28-2011
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Re: I know I shouldn't.... I really want an AMEX too!

I think the "two cards with more than one year history" requirement seem to be not that strict. 

I have been recently approved for BCE (instantly, not after recon) with lower scores (around 710-720) and with my oldest account at 11 months mark (so the second oldest was more like 9 months of history).

Obviously my limit on BCE is not that huge but it is in line with what other lenders can give me now, I suppose. I also hope to try to ask for CLI after 61 days...

In my wallet now: Amex PRG NPSL, Amex BCE $15k $17k (thanks to recent CLI), Chase Freedom 11k, CSP $6k, Chase United ME $5k, Citi Dividend $5.6k, Discover It $4.5k and a handful of other cards...
TU Dec 2013 - 752Sep 2013 - 764 - new all time maximum

Obsolete data &colonSmiley Wink Current TU - probably around ~750. I am now applying only for cards I can have fat sign-up bonuses on, repay them right away and close before next year. That's why BKLSBNKDELAWARE probably blacklisted me long ago, LOL...
Valued Contributor
Posts: 2,234
Registered: ‎09-16-2011
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Re: I know I shouldn't.... I really want an AMEX too!


mikka1 wrote:

I think the "two cards with more than one year history" requirement seem to be not that strict. 

I have been recently approved for BCE (instantly, not after recon) with lower scores (around 710-720) and with my oldest account at 11 months mark (so the second oldest was more like 9 months of history).

Obviously my limit on BCE is not that huge but it is in line with what other lenders can give me now, I suppose. I also hope to try to ask for CLI after 61 days...


Since you have a bunch of TL's like you do they may reduce it a bit, the two card rule is for people with thin files. People with one card showing probably shouldn't bother. 

 

 

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 10k and a nice stack of store cards.
Last APP/HP 4/22/2015
Contributor
Posts: 92
Registered: ‎06-16-2012
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Re: I know I shouldn't.... I really want an AMEX too!


jamesdwi wrote:

With those scores the only card you can't get instant approval for is the centerion. 


They weren't always that way. I had higher util earlier on this year and have worked all year to get it down to under 15%. I was hovering in the lower 700's because of that for a long time. I wish I would have knowm about this board back then. 

Current: EQ 791 / TU 788 / EX 752 FICO's (MyFico, Oct 2012)

*** NFCU Plat | USAA CR Amex | PenFed TR Amex | BOA Gold | JP Morgan Select | Amex BCP | Amex PRG | USAA Plat ***
Valued Contributor
Posts: 2,234
Registered: ‎09-16-2011
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Re: I know I shouldn't.... I really want an AMEX too!

Amex would like to have more than 5% of the credit market its hard to get over 760, Your scores are awesome, I got my AMEX Blue with a 6k limit with 15months AAoA and oldest account about 3 years and a 720 score.  

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 10k and a nice stack of store cards.
Last APP/HP 4/22/2015
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