Should I take the plunge with Amex BCE?

[navistar]

Just wondering if I have enough cards and one more is pushing it. Dont want to apply for anything if it doesnt seem I have a chance. I only have 2 inquiries in the past 2 years and they will fall off credit score in May and July.

I do like the the idea of building a history with AMEX and any future cards backdating. Citi has allowed a PC on my AAdavantage card which will soon be the Dividend cash back. The AMEX BCE offers more cash back than Citi Dividend.

[JKSIMMONS]

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@navistar wrote:

Just wondering if I have enough cards and one more is pushing it. Dont want to apply for anything if it doesnt seem I have a chance. I only have 2 inquiries in the past 2 years and they will fall off credit score in May and July.

I do like the the idea of building a history with AMEX and any future cards backdating. Citi has allowed a PC on my AAdavantage card which will soon be the Dividend cash back. The AMEX BCE offers more cash back than Citi Dividend.

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Your scores and data are similiar to mine, maybe a bit better than when I got approved for the BCE. I say go for it.

Word of advice based on experience, if you think you will use the card a lot, go with the BCP. I regret not doing it and plan on PC'ing asap. 6% on groceries and 3% on gas is no joke!

[jesseh]

CK tells us that the lowest credit score approved for a BCE is 683. Your EX myfico is very close to that minimum.

I think you are cutting it close, I would wait a bit to be sure not to waste an inquiry.

[navistar]

The BCP also has a $75 annual fee so i dont know if i can cover that plus some to make this card worth anything.

As for the second response about me being at the border, i should have a 30 day baddie falling off soon via GW letter and just paid off one of my credit cards to help util %. I should see a few points added on this month. I will wait until then.

[JKSIMMONS]

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@navistar wrote:

The BCP also has a $75 annual fee so i dont know if i can cover that plus some to make this card worth anything.

As for the second response about me being at the border, i should have a 30 day baddie falling off soon via GW letter and just paid off one of my credit cards to help util %. I should see a few points added on this month. I will wait until then.

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It's all about usage with the BCP. Run the numbers and see what best fits you I guess.

I will say that at the time, my TU report was about 771 with the others around where you are. I don't know what they pulled but I thought I would give as much info as possible. Same AAoA and about the same Ut.

[navistar]

I appreciate the response. I will be attempting soon. I only plan to use 2 inquiries this year because I want to buy a house next year. I want to get a good cash back card and get a CLI on my GE Care Credit. If either are denied, i wont be making any more requests.

[JKSIMMONS]

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@navistar wrote:

I appreciate the response. I will be attempting soon. I only plan to use 2 inquiries this year because I want to buy a house next year. I want to get a good cash back card and get a CLI on my GE Care Credit. If either are denied, i wont be making any more requests.

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I got my Discover and Amex at the same time and I use an NFCU card. I have to say that I enjoy the amex the best. It's a simple system with good rewards

[navistar]

Is AMEX the only company that backdates new cards?

[longtimelurker]

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@navistar wrote:

The BCP also has a $75 annual fee so i dont know if i can cover that plus some to make this card worth anything.

As for the second response about me being at the border, i should have a 30 day baddie falling off soon via GW letter and just paid off one of my credit cards to help util %. I should see a few points added on this month. I will wait until then.

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One way to get value with the BCP is to buy gift cards at the supermarket  to places you go anyway.  Many large supermarkets have a range of gift cards to stores, restaurants and gas for example.   Buying these in effect give you 6% at those establishments.   When combined with actual grocery spend, it's pretty easy to reach the $2,500 per year threshold which makes the BCP more profitable than BCE

[navistar]

Maybe i should start sending gift cards at christmas.     ; )