Reply
Frequent Contributor
Posts: 390
Registered: ‎01-11-2013
0

Yet another AMEX question

With my current profile, I am 99% positive I wouldnt be approved for any AMEX card. However, when I was younger, my Mom had me as an authorized user on her AMEX card to help me establish some credit before I was 18. If I had only listened to her, and paid my bills on time, I wouldnt be such a credit screw up! Anyways, the AMEX is still on my credit report as paid and current, but my mom ending up closing the card a few years back when real estate got slow and she fell a little behind.

 

The card was closed with a 28,000 balance on a 35,000 limit.  She has since paid it off to my knowledge. my two questions are:

 

1. Does this hurt me in any way because of the high balance? Even though she never missed a payment. To be honest, I believe Amex closed the account on her because of the balance. It is by far my oldest account and is helping me in that category, so I dont want to remove myself because of that.

 

2. Would this past relationship with my mom/amex/me as AU, help me in any way to be approved for a card in the future? I have heard Amex doesnt take AU into account on approving or underwriting guidelines.

 

Any opinions are appreciated. I have a long ways to go before I apply, but I was curious about this past relationship. THanks!


9/2013: Fico EQ 676, EXP 686, Fico TU 686.
NFCU Flagship Sig. $14k..NFCU CashRwdsSig $14k..NFCU LOC $12.5k..USAA Amex 4k..AMEX Green NPSL..Discover IT $1.5k...BofA Cash Rewards123 $2.5k...Southwest Premier $2k..Chase Freedom $1.5k..CareCredit $3.5k..Cap1-$1.5k..HSBC $300...Lowes $1.5k...WalMart $1.5k...JCP $1k..Chevron $1.1k..Kays/Jerrod - $5k split. around 8% Util. Want to get in the 700's in 2013! Have three old paid charge offs. 15-20inq.. LAST APP 8/29/13
Frequent Contributor
Posts: 390
Registered: ‎01-11-2013
0

Re: Yet another AMEX question

Can a mod delete this? No one has replied in months or ever for that matter

9/2013: Fico EQ 676, EXP 686, Fico TU 686.
NFCU Flagship Sig. $14k..NFCU CashRwdsSig $14k..NFCU LOC $12.5k..USAA Amex 4k..AMEX Green NPSL..Discover IT $1.5k...BofA Cash Rewards123 $2.5k...Southwest Premier $2k..Chase Freedom $1.5k..CareCredit $3.5k..Cap1-$1.5k..HSBC $300...Lowes $1.5k...WalMart $1.5k...JCP $1k..Chevron $1.1k..Kays/Jerrod - $5k split. around 8% Util. Want to get in the 700's in 2013! Have three old paid charge offs. 15-20inq.. LAST APP 8/29/13
Senior Contributor
Posts: 6,260
Registered: ‎08-16-2012
0

Re: Yet another AMEX question

I think it would help ya. A $28k bal paid in full?
Looks good to me lol :-p
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Valued Contributor
Posts: 1,597
Registered: ‎09-15-2012
0

Re: Yet another AMEX question

You said it reports as paid and current, but it is a closed card?

I think I need more information on EXACTLY how it reports to figure out if it is hurting you or not.

Is it closed, open, paid, unpaid, late, never late? The more info about what the bureaus say, the better.

In My Wallet: Amex BCP (12/12) $32,000, Chase Freedom (12/12) $16,500, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Forward (12/12) $9,600

Last App: April 2, 2014
Moderator
Posts: 8,206
Registered: ‎01-15-2009
0

Re: Yet another AMEX question

Wouldn't this be a great thing for when you actually do get an Amex.. they will be able to show you as a member since then, correct?
Valued Contributor
Posts: 1,986
Registered: ‎01-24-2012
0

Re: Yet another AMEX question

I would say if it wasn't in your name then it won't help you in obtaining an American Express card in the future.

Senior Contributor
Posts: 6,260
Registered: ‎08-16-2012
0

Re: Yet another AMEX question

Now you got some responses...
3 2 1... GO!
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Frequent Contributor
Posts: 390
Registered: ‎01-11-2013
0

Re: Yet another AMEX question

Haha thank you. I got the green card a few months ago!

9/2013: Fico EQ 676, EXP 686, Fico TU 686.
NFCU Flagship Sig. $14k..NFCU CashRwdsSig $14k..NFCU LOC $12.5k..USAA Amex 4k..AMEX Green NPSL..Discover IT $1.5k...BofA Cash Rewards123 $2.5k...Southwest Premier $2k..Chase Freedom $1.5k..CareCredit $3.5k..Cap1-$1.5k..HSBC $300...Lowes $1.5k...WalMart $1.5k...JCP $1k..Chevron $1.1k..Kays/Jerrod - $5k split. around 8% Util. Want to get in the 700's in 2013! Have three old paid charge offs. 15-20inq.. LAST APP 8/29/13
Regular Contributor
Posts: 245
Registered: ‎05-05-2013
0

Re: Yet another AMEX question


dddfresh wrote:
Haha thank you. I got the green card a few months ago!

Were you able to get the card backdated? 

"When you're fresh meat you kill... and give them something fresher" (Frank Underwood)
Frequent Contributor
Posts: 390
Registered: ‎01-11-2013
0

Re: Yet another AMEX question

Yep :-D added a few points to my score and AAOA

9/2013: Fico EQ 676, EXP 686, Fico TU 686.
NFCU Flagship Sig. $14k..NFCU CashRwdsSig $14k..NFCU LOC $12.5k..USAA Amex 4k..AMEX Green NPSL..Discover IT $1.5k...BofA Cash Rewards123 $2.5k...Southwest Premier $2k..Chase Freedom $1.5k..CareCredit $3.5k..Cap1-$1.5k..HSBC $300...Lowes $1.5k...WalMart $1.5k...JCP $1k..Chevron $1.1k..Kays/Jerrod - $5k split. around 8% Util. Want to get in the 700's in 2013! Have three old paid charge offs. 15-20inq.. LAST APP 8/29/13
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.