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@james ok heres my problem. My EX isnt good data and my score is in the toilet with them (based off of a decline that use EX and see my signature) Apparently experian hates me-truly. They are only reporting two very old credit lines and one is negative. I had a recent rant on here about it and now I have frozen my file until I figure out what to do. Would AMEX pull EQ or TU or purely EX?
Simple answer is to put AMEX on hold, Ap for Chase Freedom or other prime card, let them report, call up your other card companies and request that they report to EX, in a few months Your EX will clear up and you will be good to go, with a little luck maybe before christmas. Then you will be good to go.
AMEX is conservative enough that they don't like changing from there routine for non-members once you are a member they will do a lot more, but still underwriters are different than the standard CSR's
@james ohhhhhhhhhh it is so nice to have members in the forum with experience. Thanks so very much! I am going to wait. Christmas time should be absolutely wonderful around here lol. Thanks again
@james ok heres my problem. My EX isnt good data and my score is in the toilet with them (based off of a decline that use EX and see my signature) Apparently experian hates me-truly. They are only reporting two very old credit lines and one is negative. I had a recent rant on here about it and now I have frozen my file until I figure out what to do. Would AMEX pull EQ or TU or purely EX?
@beautybrainsbooty wrote:hey ya'll im curius as I build my lineup of CCs...why does everyone seem to want some sort of AMEX card? is it the rewards or more of a status thing? Or does it look good on your CR?
I want one b/c its an AMEX!!!!!! I am a status baby and to be honest when I get one I will use it just enough get benefits but to stay out of trouble. lol
I am a new AMEX BCE holder. I got mine in June of this year. I applied only after reading on this forum!!! I'd had such bad credit for so long I didn' think any prime card/lender would look my way. but i bought a new car in June.. and got a kick ass interest rate.. so I thought I'd give it a try. Now, I didn't get the best terms,but I did get approved! I'm still kinda shocked... and I was kind of naive, since I went straight for the BCE revolver instead of the charge cards!
I wanted an AMEX because when I was younger, it was THE card to have, and I've had my corportate card for 8 years (no backdating for me) and I just wanted to have one of my own! Now, if y'all can keep your fingers crossed, I'm going for my first CLI next week on my AMEX.
I use to admire my uncle's "green" AMEX when I was growing up. Always thought it had a cool look. I just remember him saying "these are given to people responsible with their money". I was like 12 or 13 at the time, but it stuck with me.
Have they lost much of their luster or prestige? Perhaps, but that's because there are SOOOOOOOOOO many cards given out these days with all kinds of "benefits" to differentiate themselves.
@tinuviel wrote:
@Razeus wrote:
@beautybrainsbooty wrote:backdating?? explain please...
Apparently it let's you have the date of your very first AMEX card when you sign up for new cards from them. That way it looks like an "old" account on your credit report and helps out your credit score in the area of "average age of account (AAoA). So if you have a card from 1990, and you get a Blue card in 2012, AMEX will back date that Blue card to 1990, giving you an instant 20 year history...I'm surprised CRA's haven't caught on to this.
Exactly. That was a major aspect of the appeal for me. I got my first Amex back in 1987, so when I got back in their good graces and got my Green last year, they reported based on my original member date. That added a TL with 24 years worth of age in one fell swoop! So, a lot of people like to establish a membership with Amex at some point in time, knowing that if they ever decide to add another Amex TL at some point in the future, it will help instead of hurt their AAoA.
AmEx backdate their cards because they don't have "customers", they have "members". You've been a member since whatever date you received you first card.
Before they watered down the brand with tons of different products Amex was the "I've arrived" card. Now it's really about brand recognition and backdating.
There are more difficult cards to get than Amex. A PenFed Gas card says much more about one's financial management/health than an Amex.
I have a BCP and Delta. Good cards. Amex CS is typically very good, unless you're talking about their credit reporting division.