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Frequent Contributor
Razeus
Posts: 387
Registered: ‎04-02-2012
0

Re: why does everyone want an AMEX?

^
Perhaps.  I personally think they offer wayyyyyyyyy too many cards these days, especailly in the airline co-brands.

 

They need to trim their offerings to regain their prestiage instead of diluting the brand giving guys like me not 1, but 2 AMEX cards.  :smileylol:

My Wallet:
Discover It $11,000 | Chase Freedom $5,000 | AMEX BCE $3,000 | Paypal Extras Platinum $5,000 | Wells Fargo $1,000 | AMEX Zync NPSL
New Contributor
EmpressLuv
Posts: 74
Registered: ‎08-29-2012
0

Re: why does everyone want an AMEX?

lol i did backflips but I was like unless I ent get this card in the mail i not believing it....lol

My Wallet: AMEX Gold NPSL, Express 750, Victoria Secret 1450, Macy's 2K, Kay's 5800, Capital One 1.15K, Capital One 2000, Quicksilver 500; QVC 1600, Walmart 2200, Pier 1 1250, Kohl's 700, JCrew 950, JCPenny 900, Discover 1500

Current Scores: Lender Pull: 2/16/13 TU: 672 EX: 681 EQ: 671
Goal Score: 700
Regular Contributor
beautybrainsbooty
Posts: 212
Registered: ‎08-02-2012
0

Re: why does everyone want an AMEX?

I really would like to apply but im kind of scared given that I just added new TLs to my CR and im not sure who they pull and the scores you need. Also there are so many versions, like the charge card versus the revolver...omg. Sure would be nice to open up the wallet and see it there though :smileywink:

started mid 500's. Disputed incorrect items and within a month or two my scores have skyrocketed and continue to do so
EQ: 755 as of 8/2013
TU: 700
Experian(or as I call them, the devil) I have no clue, they haven't released my report
Goal=801 across the board!!! Not too far from this, hoping to garden until Christmas 2013
Established Contributor
jamie123
Posts: 766
Registered: ‎03-22-2012
0

Re: why does everyone want an AMEX?


beautybrainsbooty wrote:

I really would like to apply but im kind of scared given that I just added new TLs to my CR and im not sure who they pull and the scores you need. Also there are so many versions, like the charge card versus the revolver...omg. Sure would be nice to open up the wallet and see it there though :smileywink:


You should apply for the AMEX Zync charge card. You should be approved with the scores you have now. AMEX likes to see at least 1 year of history to get one of their revolvers.

 

Get the AMEX Zync now and then you can app for a revolver a year from now and have it backdated to 2012.

 

Good luck!



Starting Score: EQ 658 6/18/12
Current Score: EQ 671 8/4/14 - EX 687 7/21/14 - TU 682 7/21/14
Goal Score: EQ 720+
Take the FICO Fitness Challenge
Senior Contributor
youngandcreditwrthy
Posts: 6,155
Registered: ‎08-16-2012
0

Re: why does everyone want an AMEX?

There's just something so American about having an American Express card....

 

also, if I'm not mistaken, it was like one of the first credit card companies ever... like Diner's Club or s'thin'..

I could be totally wrong on this, but it seems like I read that in a credible publication at some point haha.

 

Also, it is very prestigious, and just about everyone knows how HARD it is to get an Amex.. at least the Amex Blue...or the infamous 

 

American Express Black Card, which I think is for people who spend more than $150k per year and is PIF.

 

 

Good thing I could at least get an Amex backed by Barclay's PAHAHA 

Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k| West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Established Contributor
laboi_22
Posts: 634
Registered: ‎07-07-2011
0

Re: why does everyone want an AMEX?

AMEX is also the only company right now that still has personal charge cards. Their charge products are great. When I was stuck in $1,000 credit line land, AMEX approved me and I enjoyed the no preset spending limit. It allowed me to use it everyday and not have to worry about approaching the limit. Also it is a great card to assist with utility since it is not factored into UTL. In other words you can let a balance report without lowering your FICO! They also offer a large array of protections that most companies can't including fraud protection and purchase protection.

Current Scores: EX - 728 FICO (5/11/13) TU - 771 FICO (7/02/13) EQ ??

Current Cards: Chase Freedom $5,000, CSP $5,700, BofA Visa Signature $15,000, AMEX BCE $6,000, Walmart $4,150, Gap Visa $10,000, JC Penny $5,800, Lowes $8,500, Dillard's AMEX $8,000, AMEX Hilton HHonors - $2,000, Chase United $12,000, Citi AAdvantage & Simplicity $6,000/$6,000, SPG AMEX $1,000
Valued Contributor
jamesdwi
Posts: 1,524
Registered: ‎09-16-2011
0

Re: why does everyone want an AMEX?


laboi_22 wrote:

AMEX is also the only company right now that still has personal charge cards. Their charge products are great. When I was stuck in $1,000 credit line land, AMEX approved me and I enjoyed the no preset spending limit. It allowed me to use it everyday and not have to worry about approaching the limit. Also it is a great card to assist with utility since it is not factored into UTL. In other words you can let a balance report without lowering your FICO! They also offer a large array of protections that most companies can't including fraud protection and purchase protection.


+!

 

love the ability to charge what ever I can afford to pay for in a month. it grows with you.... if you had the income you could get a 20k limit in a few months of using the card hard. Just use and when its done at the start you may have to make an extra payment or two until AMEX learns your spending habbits,  I have ran a couple grand a month on mine never required an extra payment in the middle. 

 

 


Cards: Chase Southwest 20k & CSP 10k & Amtrak 4.6k, & Freedom 3.3k & Slate 3.3k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & AMEX Hilton Surpass 7.5k & AMEX Zync NPSL, Sams Club Discover 10k, Paypal Extras MC 6k, CapOne 2.5k, CapOne 750, Amazon 3.9k, Walmart 4.5k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 6.5k and a nice stack of store cards.
Last APP 4/26//2014 no plans for new credit I think I have enough.
Regular Contributor
beautybrainsbooty
Posts: 212
Registered: ‎08-02-2012
0

Re: why does everyone want an AMEX?

it doesn't affect your FICO...now theres a lovely thought! I would love spending what i can afford too. Oh you guys are making me wanna pull the trigger...ahhhhhh!!! :smileywink:

started mid 500's. Disputed incorrect items and within a month or two my scores have skyrocketed and continue to do so
EQ: 755 as of 8/2013
TU: 700
Experian(or as I call them, the devil) I have no clue, they haven't released my report
Goal=801 across the board!!! Not too far from this, hoping to garden until Christmas 2013
Regular Contributor
ACsteel
Posts: 226
Registered: ‎08-19-2012
0

Re: why does everyone want an AMEX?


beautybrainsbooty wrote:

it doesn't affect your FICO...now theres a lovely thought! I would love spending what i can afford too. Oh you guys are making me wanna pull the trigger...ahhhhhh!!! :smileywink:


The charge cards does not affect your utilization ratio, but they gain you an extra line of credit on your FICO and increase your AAoA, so in that respect they do help the score.

 

The revolvers are great, and the service is amazing. However outside the US the card is hard to use, even in some areas of the US as well.

 

However I would agree that most get it as a token of their credit worthiness. 


Garden Member Since: 2014 - 4 - 1
EX FICO | 2014 - 3 - 1 | 793
Contributor
irving_magik
Posts: 167
Registered: ‎07-13-2011
0

Re: why does everyone want an AMEX?

I know I'm on the list of one of those people who want an AMEX. The BCP is at the top of my wishlist, the rewards (6% on Groceries and 3% on gas) is the biggest reason I want it.

Fico Scores: TU 734 (08/12/2012) and EQ 716 (12/08/2012)

AMEX BCP $10,000 (opened 09/2012) - Citi TYP $6500 (opened 12/2012) Chase Freedom $1500 (opened 09/2012)

GMAC Mortgage $181,000 (opened 07/2011) - Car Loan $18,000 (opended 01/2011)

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