Credit Cards

[A_Madel]

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...

[jamesdwi]

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. 

[Repo-ed]

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

[A_Madel]

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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. 

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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.

[LS2982]

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A_Madel wrote:

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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. 

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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.

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I think you would be fine for a AMEX revolver.

[jamesdwi]

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

[mikka1]

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...

[jamesdwi]

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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...

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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. 

[A_Madel]

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jamesdwi wrote:

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

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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. 

[jamesdwi]

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.