Credit Cards

[webhopper]

Yep this means you are approved! Congratulations!

Welcome to the amex family!

[Scriabin]

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webhopper wrote:
Yep this means you are approved! Congratulations!

Welcome to the amex family!

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Woohoo!

[kwazziee]

Congrat. Most likely you are approved when they ask for verification.

[Scriabin]

Now, what do I need to do to qualify for the Gold card?

I realize that it will take time.

Thank you all for your responses.

[RockinRay]

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Scriabin wrote:

Now, what do I need to do to qualify for the Gold card?

I realize that it will take time.

Thank you all for your responses.

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Congrats on your approval. I would use the green card for at least 6 months to get established with Amex. Then apply for the gold or a revolver and you should not have any troubles.

[Dustink]

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Scriabin wrote:

Now, what do I need to do to qualify for the Gold card?

I realize that it will take time.

Thank you all for your responses.

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Spend spend spend on that green card, and in 6 months to a year you will be set for the gold card.

[jd5189]

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Scriabin wrote:

Now, what do I need to do to qualify for the Gold card?

I realize that it will take time.

Thank you all for your responses.

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You actually already qualify for the Gold. Unless the changed the underwriting on the Green after the discontinuation of the Zync, the Green/Gold/PRG/Plat had nearly the same underwriting - it just depended on how much you were willing to spend on an AF. I would recommend keeping the Green for a year, than asking for a PC to the Gold after having the Green for a year. They will not be able to PC within a year due to the CARD act. It makes no sense to take another HP for a Gold when you already have a Green.

[Dustink]

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jd5189 wrote:

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Scriabin wrote:

Now, what do I need to do to qualify for the Gold card?

I realize that it will take time.

Thank you all for your responses.

---

You actually already qualify for the Gold. Unless the changed the underwriting on the Green after the discontinuation of the Zync, the Green/Gold/PRG/Plat had nearly the same underwriting - it just depended on how much you were willing to spend on an AF. I would recommend keeping the Green for a year, than asking for a PC to the Gold after having the Green for a year. They will not be able to PC within a year due to the CARD act. It makes no sense to take another HP for a Gold when you already have a Green.

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Card act allows changes after 6 months.

[jd5189]

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Dustink wrote:

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jd5189 wrote:

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Scriabin wrote:

Now, what do I need to do to qualify for the Gold card?

I realize that it will take time.

Thank you all for your responses.

---

You actually already qualify for the Gold. Unless the changed the underwriting on the Green after the discontinuation of the Zync, the Green/Gold/PRG/Plat had nearly the same underwriting - it just depended on how much you were willing to spend on an AF. I would recommend keeping the Green for a year, than asking for a PC to the Gold after having the Green for a year. They will not be able to PC within a year due to the CARD act. It makes no sense to take another HP for a Gold when you already have a Green.

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Card act allows changes after 6 months.

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In general, the CARD Act prohibits rate increases and other "significant changes" in terms during the first year after account opening... that is what I have read across the internet. Going from a Green to a Gold changes the AF by $30 which is considered a significant change. I have also called Amex about changed my BCE to BCP and they have told me they cannot PC to BCP until after a year due to the change in fees. So, I imagine it would apply to the charge card as well.

[Koop10010]

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Dustink wrote:

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jd5189 wrote:

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Scriabin wrote:

Now, what do I need to do to qualify for the Gold card?

I realize that it will take time.

Thank you all for your responses.

---

You actually already qualify for the Gold. Unless the changed the underwriting on the Green after the discontinuation of the Zync, the Green/Gold/PRG/Plat had nearly the same underwriting - it just depended on how much you were willing to spend on an AF. I would recommend keeping the Green for a year, than asking for a PC to the Gold after having the Green for a year. They will not be able to PC within a year due to the CARD act. It makes no sense to take another HP for a Gold when you already have a Green.

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Card act allows changes after 6 months.

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Nope, CARD Act doesn't allow lenders to raise fees, like the annual fee, even when a customer requests an upgrade, for 12 months.  Amex doesn't allow you to do a product change that would increase your annual fee until a year has past.