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Yet another AMEX question

Frequent Contributor

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
Message 1 of 10
9 REPLIES
Frequent Contributor

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
Message 2 of 10
Senior Contributor

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
Message 3 of 10
Valued Contributor

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) $50,000, Chase Freedom (12/12) $16,500, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Prestige (4/16) $30,000

Last App: June 27, 2015
Message 4 of 10
Moderator

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?
Message 5 of 10
Valued Contributor

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.

Message 6 of 10
Senior Contributor

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
Message 7 of 10
Frequent Contributor

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
Message 8 of 10
Frequent Contributor

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)
Message 9 of 10
Frequent Contributor

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
Message 10 of 10