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I live in CA - What scores does AMEX want for a green charge card? I want to use it to pay my bills, then PIF. Apped today and they said not yet. My utilization is very high. Only have 8 months of credit. Perfect payment history. Grad school student. Never had any other credit. I moved last year, so I have 7-11 inquiries from opening my checking account, setting up utilities, etc.
TU - 619 (FICO); EQ-597 (FICO); EX- 673 (FAKO)
I will be paying my cards down to 15% utilization over the next three months then apply.
Visa $1400 BAL $1500 CREDIT LINE
MC $450 BAL $500 CREDIT LINE
No other loans, baddies, etc. I always paid cash for everything. But realized at 35 yrs old, I need to do this now to buy a house in a year or two.
@BlessedHappiness wrote:
I always paid cash for everything. But realized at 35 yrs old, I need to do this now to buy a house in a year or two.
I personally wouldn't jeopardize my credit future by having anything to do with Amex.
Click HERE for a glimpse of what is in store for you if you deal with a bank that suffers from PMS along with a bad case of Bipolar Disorder.
Thanks for responding. I don't want the blue. I want to get a charge in the next six months and I think it's doable. My scores should be upper 600s by then. These scores are from today. I just paid down my cards to 40 percent, so I know I will see a rise. I just want to know what the average approval score for green charge is.
TU: 620 (FICO) EQ: 597 (FICO) EX: 673 (FAKO) probably around 615 or so. Does not reflect new card balances of 35% Debt-To-Credit Limit ratio yet paid yesterday.
BlessedHappiness wrote:
I will be paying my cards down to 15% utilization over the next three months then apply.
i missed this part. you could be fine to app a greenie after you get this score bump.
if there's a difficulty, i think it is more likely to be them than you. unfortunately, i am no longer someone who (in good conscience) would be recommending amex to anyone right now. and the idea of entering into a mortgage a year or two after apping amex sends shivers down my spine. i guess by then perhaps things will have changed for the better.
it may of course work out just fine for you and i hope it does. i still have two of their cards and they continue to be by far the most high maintenance of the several cards i tote around. GL!!
Thanks you for the advice My thinking behind it is that because it's actually a charge card, it would improve my credit mix. Do you think it would help?
Thank you.