Credit Card Center Advertiser Disclosure

Frequent Contributor
Posts: 386
Registered: ‎01-08-2010
0 Kudos

Re: The costco amex myth

Congratz.  I too was excited when I got approved for Amex.  Then I got even more excited when I found out it was a 2k limit since my only other card had a limit of $750.

Valued Contributor
Posts: 2,100
Registered: ‎01-05-2010
0 Kudos

Re: The costco amex myth


gbishere wrote:

She got 2000 dollars. Her BoA card is only 1200 so she is happy with 2k. Heck, she was jumping for joy just being approved for an Amex, lol. 


I can believe that. Congratulations. There's something about those kinds of moments.


DW likes hers as well. By now, mostly because it's hers alone and she charges her lunches on it. She got the card because a good friend of hers gave her a tour of a Costco store a couple of years earlier and we came to like the place.


Which is a return to the topic of whether it matters if you have shopped there for a while before applying for the card. We got that impression. Still, DW got the lowest CL that any of the two of us had ever gotten. But that, I realized later, was due to two things. The first was that the financial climate was very conservative at the time. And secondly that she had gotten a card just four months earlier, at a time when we had also picked up a mortgage refinance.


The Amex customer service lady very kindly told us DW could ask for a CLI two months later. Later it dawned on me that 4 months + 2 months = 6 months, as in halfway through the one year inquiry window. We never did ask for a CLI, isn't crucial to us. It popped up on the web interface five months into the life of the card. I zeroed the card soon after for unrelated reasons, and the CLI offer vanished. There might have been a connection, I don't know. It doesn't matter. DW loves that card.


Recently we both got approved for a Discover More card, with higher CLs. She understands the quarterly goodness of them, but there's no comparison. It's like every day she pays for her lunches with that Costco Amex like it's cash. It's a non-issue, just the way it is. You chatter across the counter and have a good day.


Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.