Requirements for fidelity amex

[dabossman]

I have a decent credit length. Won't be applying till January anyway, but I'm a student right now with about 15k income. Credit scores are 730-750 and by January it'll be up.

Is a 4.6 year history 2 year aaoa and a 15k income sufficient to get this card

[subwaysandwich]

I'm interested too. The signup process seems so intimidating.... I dont know why..

[peaceonearth]

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@dabossman wrote:
I have a decent credit length. Won't be applying till January anyway, but I'm a student right now with about 15k income. Credit scores are 730-750 and by January it'll be up.

Is a 4.6 year history 2 year aaoa and a 15k income sufficient to get this card

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You're income is 15k and for a student I think is OK but,  do you really have use for another card?

[subwaysandwich]

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@peaceonearth wrote:

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@dabossman wrote:
I have a decent credit length. Won't be applying till January anyway, but I'm a student right now with about 15k income. Credit scores are 730-750 and by January it'll be up.

Is a 4.6 year history 2 year aaoa and a 15k income sufficient to get this card

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You're income is 15k and for a student I think is OK but,  do you really have use for another card?

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2% on everything is not that bad a deal when other cards don't/can't cover for it

[peaceonearth]

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@subwaysandwich wrote:

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@peaceonearth wrote:

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@dabossman wrote:
I have a decent credit length. Won't be applying till January anyway, but I'm a student right now with about 15k income. Credit scores are 730-750 and by January it'll be up.

Is a 4.6 year history 2 year aaoa and a 15k income sufficient to get this card

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You're income is 15k and for a student I think is OK but,  do you really have use for another card?

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2% on everything is not that bad a deal when other cards don't/can't cover for it

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The OP's income is $15. If I don't have a good income and money to spend then, all these cards with rewads are useless to me.

[subwaysandwich]

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@peaceonearth wrote:

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@subwaysandwich wrote:

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@peaceonearth wrote:

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@dabossman wrote:
I have a decent credit length. Won't be applying till January anyway, but I'm a student right now with about 15k income. Credit scores are 730-750 and by January it'll be up.

Is a 4.6 year history 2 year aaoa and a 15k income sufficient to get this card

---

You're income is 15k and for a student I think is OK but,  do you really have use for another card?

---

2% on everything is not that bad a deal when other cards don't/can't cover for it

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The OP's income is $15. If I don't have a good income and money to spend then, all these cards with rewads are useless to me.

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All of OP's cards are non-AF, so he benefits no matter what..?

[Anonymous]

I have to agree with peaceonearth here

Yes, the Fidelity Amex is no annual fee and it's 2% cash back

But what on earth do you need that many credit cards for if you're only making 15k? Particularly as a student.

My (biased) opinion: keep 1 Amex with good rewards, keep 1 Visa/MC with good rewards, close the rest, exhibit sound credit practices on those 2 cards, focus on your studies, and when you're making bank, you can apply for all the credit cards you want.

[longtimelurker]

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@Anonymous wrote:

I have to agree with peaceonearth here

Yes, the Fidelity Amex is no annual fee and it's 2% cash back

But what on earth do you need that many credit cards for if you're only making 15k? Particularly as a student.

My (biased) opinion: keep 1 Amex with good rewards, keep 1 Visa/MC with good rewards, close the rest, exhibit sound credit practices on those 2 cards, focus on your studies, and when you're making bank, you can apply for all the credit cards you want.

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It the OP spent the entire $15K on the Fidelity Amex (which presumably isn't possible) he/she would get $300 back.   Using the QuickSilver would return $225.

So at most $75 difference, and in reality much much less.

But, on the other hand, get the card now, take the HP when there is nothing important else to use it for, and get a better AAoA when you apply seriously.  

But only if this is the last card, which it probably won't be.

[jugstore]

Go for it.  Your scores are decent enough and show that you use credit responsibly, but on the other hand you have a high amout of credit (relative to your annual income).  

One thing to note:  your cap1 QS manages rewards a lot better than Fidelity.  Once you have Fidelity, you can only redeem in $50 increments ($2500 in spend) and that gets deposited into a linked Fidelity cash management account.  It's a lot more convenient with the QS since you can just click click click and the balance magically goes down.  

[longtimelurker]

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@jugstore wrote:

Go for it.  Your scores are decent enough and show that you use credit responsibly, but on the other hand you have a high amout of credit (relative to your annual income).  

One thing to note:  your cap1 QS manages rewards a lot better than Fidelity.  Once you have Fidelity, you can only redeem in $50 increments ($2500 in spend) and that gets deposited into a linked Fidelity cash management account.  It's a lot more convenient with the QS since you can just click click click and the balance magically goes down.  

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Not quite true.  There is a $50 minimum, but you can redeem any amount over that, not just multiples of $50.

But QS is much more convenient for the reason you state, plus rewards post with transactions.  With Fidelity, it happens at statement close.