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@CreditScholar wrote:
@adavis425 wrote:
@CreditScholar wrote:
@adavis425 wrote:
@Anonymous wrote:The Gold Delta has generally been the easiest credit card to obtain from Amex, though none of them really seem to be that hard to get.
This is true when you have your numbers, Koop.
I have agree with Koop here in that none of Amex's cards (save the centurion) seem to be difficult to get.
A 700 FICO is easily obtained as long as you haven't screwed up your credit significantly in the past. You don't even have to know how FICO scoring works. As long as you apply for and use credit when needed, don't add a new card too often, and always PIF whatever you purchase, it's quite easy. That's just common sense.
But how easily could either of you obtain the prime credit that you have if you lopped 125 points off your scores??
If you have that much taken off your scores, it's because you've done something seriously wrong. I can't speak for anyone else, but I've never had bad credit. I've been in the 700s since I was 20 and been around 800 since my late 20s. It's really not that hard if you follow some basic, common sense principles. A 125 point hit would be something like a CO, which is much more severe than a 30-60-90 day late.
No, just if your score was -125 like the OP. Just saying that when you're starting from there, credit (some credit) may not be as easily attained. Not that there are lates or derogs, just working with those numbers. I agree that 700s are pretty easy to maintain, but there are all sorts of situations that arise and give reason for having to rebuild.
@espnjunkie wrote:Applying for the Delta Gold just because it's the "easiest" amex revolver isn't necessarily the most thought out solution. Amex cards usually have quite high annual fees, so make sure that you wuill take advantage of the rewards program the card offers before applying for it. i.e. if you don't fly Delta or live near a Delta hub city, then don't apply for that card haha.
Backdating > AF in my opinion, as is their CLI policy on their revolvers if you can qualify for it.
Can always either PC or just close it later, when we're talking about getting one's foot in the door with any lender, two or three-stepping to one's goal card for those in a rebuilding stage isn't a bad plan.
Certainly for prime folks, yeah skip, but we aren't all there.
@adavis425 wrote:
@CreditScholar wrote:
@adavis425 wrote:
@CreditScholar wrote:
@adavis425 wrote:
@Anonymous wrote:The Gold Delta has generally been the easiest credit card to obtain from Amex, though none of them really seem to be that hard to get.
This is true when you have your numbers, Koop.
I have agree with Koop here in that none of Amex's cards (save the centurion) seem to be difficult to get.
A 700 FICO is easily obtained as long as you haven't screwed up your credit significantly in the past. You don't even have to know how FICO scoring works. As long as you apply for and use credit when needed, don't add a new card too often, and always PIF whatever you purchase, it's quite easy. That's just common sense.
But how easily could either of you obtain the prime credit that you have if you lopped 125 points off your scores??
If you have that much taken off your scores, it's because you've done something seriously wrong. I can't speak for anyone else, but I've never had bad credit. I've been in the 700s since I was 20 and been around 800 since my late 20s. It's really not that hard if you follow some basic, common sense principles. A 125 point hit would be something like a CO, which is much more severe than a 30-60-90 day late.
No, just if your score was -125 like the OP. Just saying that when you're starting from there, credit (some credit) may not be as easily attained. Not that there are lates or derogs, just working with those numbers. I agree that 700s are pretty easy to maintain, but there are all sorts of situations that arise and give reason for having to rebuild.
We all started there, as nobody begins their credit life with an 800 FICO. The only question is: what have you done since then? If you haven't seriously screwed up, then you should easily be at 700. That was the original point I was trying to make.
What's the difference between the charge card and the credit card?
@Anonymous wrote:What's the difference between the charge card and the credit card?
Charge cards do not have a visible limit to the customer and you usually can not keep a balance from month to month. Credit cards do let you know your limit and you can keep a balance for as long as you like, as long as you pay the minimum payment. In my opinion credit cards are better. I do not keep a balance, but charge cards do not report a limit and that is not too good when apply for other cards.
I also do not recommend someone to get a card they do not want (charge card) just because they think it will make American Express happy. You do not need to have any history with American Express or a long history to get a good limit credit card with them; I am proof of that. As long as you have always had on time payments you should be fine. The charge card seems a waste because it is another account, most likely with an annual fee, and if approved for the credit card that is two inquiries just for one card. Inquiries are not everything, but some lenders are very sensitive to them.
With AMEX it's a gamble. I have seen EX FICO as low as 645 getting a BCE. Not even joking. It was a good friend of mine and his CL was $2K with income of $65K, most recent baddies 2 years ago.
@CS800 wrote:With AMEX it's a gamble. I have seen EX FICO as low as 645 getting a BCE. Not even joking. It was a good friend of mine and his CL was $2K with income of $65K, most recent baddies 2 years ago.
Ok, so if AMEX is passing out cards with baddies, how would I fare with a 4 yr old judgment (unpaid) and otherwise perfect payments? No INQ last 1 yr on EX.
@daveg38 wrote:
@CS800 wrote:With AMEX it's a gamble. I have seen EX FICO as low as 645 getting a BCE. Not even joking. It was a good friend of mine and his CL was $2K with income of $65K, most recent baddies 2 years ago.
Ok, so if AMEX is passing out cards with baddies, how would I fare with a 4 yr old judgment (unpaid) and otherwise perfect payments? No INQ last 1 yr on EX.