Reply
Established Contributor
Posts: 961
Registered: ‎12-13-2013
0

Re: When to get an American Express Charge car?

Amex rejected me for a short card history when I applied for the first time ( I had around 7 months of history). If i remember correctly, they mentioed in the denial reason that not able to obtain a credit history for one year some thing like this.

 

So, I am not sure how much your approval chances for a charge card (YMMV). But as always, its suggested to wait for a year, and apply with amex. Just my 2 cents to save a HP. In the meanwhile try other lenders, like Discover, Cap1, CU cards, Duck etc. to build and make well use of HP.

New Member
Posts: 6
Registered: ‎01-28-2014
0

Re: When to get an American Express Charge car?

Thank you very much, I already did & got approved even though my history is only 6 months. Probably I'd change to the Blue Cash Everyday after 11 months to avoid the annual fee. Closing this card may hurt my credit for the long term but probably I'll be satisfied with Blue Cash for a long while. Hopefully at that time I'll have a larger saving account & investment than right now so that my financial picture still seems promising. Please let me know if there're something wrong in my plan, thank you.

Frequent Contributor
Posts: 399
Registered: ‎11-13-2013
0

Re: When to get an American Express Charge car?

Good job actually!!  Nice to get your foot in the door with Amex and start building a relationship with them.


Current myFico EX 734, EQ 777, TU 742
AAoA 6 years 3 months, Length 25 years 2 months

Regular Contributor
Posts: 216
Registered: ‎02-11-2012
0

Re: When to get an American Express Charge car?

Nice! I'm glad you listened and went for it. I would apply for another AMEX right now as it would be the same pull. Go for a revolver.


FICO: EX 662 | EQ 670 | TU 681
Frequent Contributor
Posts: 399
Registered: ‎11-13-2013
0

Re: When to get an American Express Charge car?


blk8 wrote:
Nice! I'm glad you listened and went for it. I would apply for another AMEX right now as it would be the same pull. Go for a revolver.

Not to entice you to do anything you do not want to do but if you apply right now and are declined it is a soft pull. It is only another hard pull if they approve the revolver.


Current myFico EX 734, EQ 777, TU 742
AAoA 6 years 3 months, Length 25 years 2 months

Frequent Contributor
Posts: 437
Registered: ‎08-08-2013
0

Re: When to get an American Express Charge car?


Eve212 wrote:

Thank you very much, I already did & got approved even though my history is only 6 months. Probably I'd change to the Blue Cash Everyday after 11 months to avoid the annual fee. Closing this card may hurt my credit for the long term but probably I'll be satisfied with Blue Cash for a long while. Hopefully at that time I'll have a larger saving account & investment than right now so that my financial picture still seems promising. Please let me know if there're something wrong in my plan, thank you.


Congrats! Which card were you approved for? I dont think charge cards can convert to revolvers. I think you should wait 6 months to app for the BCE, if u apply now you will probably get a crappy limit if approved at all. A little history with AMEX will help you to get a decent credit limit.

AMEX PRG NPSL, FIDELITY AMEX 30K, CITI DIAMOND PREFERRED 22K, AMEX DELTA SKYMIES GOLD 18K, CHASE SAPPHIRE PREFERRED 15K, CITI DOUBLE CASH 11.9K, BARCLAYCARD REWARDS MASTERCARD 6200, CHASE MARRIOTT PREMIER 5K, CAPITAL ONE SONY CARD 5K, CAPITAL ONE QUICKSILVER 3K, AMAZON STORECARD 6K, VICTORIAS SECRET 1850, EXPRESS NEXT 1050
New Member
Posts: 6
Registered: ‎01-28-2014
0

Re: When to get an American Express Charge car?

I;m approved for the Blue Cash Everyday already, I thought it's hard but it's not at all. Thank you guys very much.

Frequent Contributor
Posts: 437
Registered: ‎08-08-2013
0

Re: When to get an American Express Charge car?


Eve212 wrote:

I;m approved for the Blue Cash Everyday already, I thought it's hard but it's not at all. Thank you guys very much.


Nice work! Which charge card did you get and what is your limit on the BCE if you dont mind sharing?

AMEX PRG NPSL, FIDELITY AMEX 30K, CITI DIAMOND PREFERRED 22K, AMEX DELTA SKYMIES GOLD 18K, CHASE SAPPHIRE PREFERRED 15K, CITI DOUBLE CASH 11.9K, BARCLAYCARD REWARDS MASTERCARD 6200, CHASE MARRIOTT PREMIER 5K, CAPITAL ONE SONY CARD 5K, CAPITAL ONE QUICKSILVER 3K, AMAZON STORECARD 6K, VICTORIAS SECRET 1850, EXPRESS NEXT 1050
Senior Contributor
Posts: 4,694
Registered: ‎02-23-2011
0

Re: When to get an American Express Charge car?


Eve212 wrote:

I;m approved for the Blue Cash Everyday already, I thought it's hard but it's not at all. Thank you guys very much.


Congrats, and great start!  An AmEx asap is the ideal way to begin.

Frequent Contributor
Posts: 372
Registered: ‎07-20-2013
0

Re: When to get an American Express Charge car?


Eve212 wrote:

I;m approved for the Blue Cash Everyday already, I thought it's hard but it's not at all. Thank you guys very much.


Yay!  Congrats on your AmEx x 2!!!  Welcome to the family!

AmEx PRG (NPSL) | AmEx BCP (10k) | AmEx Blue Cash (1k) | AmEx SPG (3.5k) | Barclay Arrival WMC (7.5k) | Barclay Sallie Mae (1.5k) | Cap1 QS (2k) | Chase Freedom (1k) | Discover IT (4.5k) | InTouch (Local) CU MC (5k) | InTouch (Local) CU LOC (25k)

Citi/Best Buy (AU) (1.5k) | Citi/Best Buy (7.5k) | Comenity/Crate & Barrel (4k) | Comenity/Restoration Hardware (9k) | GE/Ethan Allen (2.5k) | Synchrony Bank/Banana Republic (3.3k) | Synchrony Bank/Gap (3.3k) | Synchrony Bank/Walmart (3.3k)

myFICO scores ~ 691 (EQ) 670 (EX) 712 (TU) || Goal scores: 750+ (all 3)
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 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.

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

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com 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.