adding father to walmart card to get approval for ...

creditnocash · ‎07-23-2012

so like i posted in the gardening thread.

my father only came to the u.s. in 2010. and a couple months after jointly applied with my mom for a carecredit to get my wisdom teeth out.

anyways it has a 3.5k limt and 2 years old(may be a little older). he has no other cards. id have to ask if my mom put him as an au on her orchard 5k card its about 3 years old. but has high util.

if i add him to my walmart as an au. the card will be 5 months(in decemeber) old and has a 3k limit.

what are the chances he will get approved for amex bce?

he has no baddies.

all payments on time about 5 inq total on 3 reports.

one sears

2 cc bank on eq and not sure about the other ones.

Current: EQ FICO 675, TU FICO 692, Walmart TU 730 EX FICO 726 Amex Pull(1/1/13)
Starting total revolving credit: $2600 | Current total revolving credit: $21,600
Inquiries (12 Months): EQ 6 TU 4 EX 5 | Most Recent: 8/30/2012

2013 Goals:
Freedom Signature
Costco:True Earnings

Amex Zync(Unicorn)
Chase Freedom$1500
Citizens Mastercard$5000

webhopper · ‎09-16-2011

I would advise him to apply on his own for discover. If you add him it may hurt more than help since the account is so new.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score (myFico + Amex): April 2013 TU 754 EQ 694 EX 694
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Silver Spade Garden Club Member: App Free since 1/1/13. No more apps til 2014
MyFICO Fitness Goal: 800s Club!

Take the myFICO Fitness Challenge

creditnocash · ‎07-23-2012

webhopper wrote:
I would advise him to apply on his own for discover. If you add him it may hurt more than help since the account is so new.

why discover though? not that i have anything against them. honeslty i just want him to get an amex to be in. he's 42 starting out with little credit.

Current: EQ FICO 675, TU FICO 692, Walmart TU 730 EX FICO 726 Amex Pull(1/1/13)
Starting total revolving credit: $2600 | Current total revolving credit: $21,600
Inquiries (12 Months): EQ 6 TU 4 EX 5 | Most Recent: 8/30/2012

2013 Goals:
Freedom Signature
Costco:True Earnings

Amex Zync(Unicorn)
Chase Freedom$1500
Citizens Mastercard$5000

jd5189 · ‎08-14-2012

creditnocash wrote:
webhopper wrote:
I would advise him to apply on his own for discover. If you add him it may hurt more than help since the account is so new.
why discover though? not that i have anything against them. honeslty i just want him to get an amex to be in. he's 42 starting out with little credit.

This will not happen with Amex. Amex needs to see a couple more accounts handled responsibly in his name for at least 6 months if not more. Yes, the Walmart AU on his report could possibly help his score, but it will not change the fact he has only the one account he is responsible for.

What is the utilization on the CareCredit?

In my wallet: Amex PRG & Zync, Amex BCE (19.2k), Chase Freedom (5k), PSECU Visa/PSL (20k)
Current Scores: Equifax: 738 (Fako) TransUnion: 721 (Fico) Experian: 717 (Fico)
Disclaimer: I am by no means a financial advisor. My posts are based on opinion, experience, and/or knowledge.

creditnocash · ‎07-23-2012

jd5189 wrote:
creditnocash wrote:
webhopper wrote:
I would advise him to apply on his own for discover. If you add him it may hurt more than help since the account is so new.
why discover though? not that i have anything against them. honeslty i just want him to get an amex to be in. he's 42 starting out with little credit.
This will not happen with Amex. Amex needs to see a couple more accounts handled responsibly in his name for at least 6 months if not more. Yes, the Walmart AU on his report could possibly help his score, but it will not change the fact he has only the one account he is responsible for.

What is the utilization on the CareCredit?

0% its been 0 since august of this year.

Current: EQ FICO 675, TU FICO 692, Walmart TU 730 EX FICO 726 Amex Pull(1/1/13)
Starting total revolving credit: $2600 | Current total revolving credit: $21,600
Inquiries (12 Months): EQ 6 TU 4 EX 5 | Most Recent: 8/30/2012

2013 Goals:
Freedom Signature
Costco:True Earnings

Amex Zync(Unicorn)
Chase Freedom$1500
Citizens Mastercard$5000

jd5189 · ‎08-14-2012

It helps that the util is not high on the care credit (as care credit is a revolving acct), but I still think he would need more accounts in his name for an Amex - I am not sure how Amex views care credit (good/bad/neutral).

In my wallet: Amex PRG & Zync, Amex BCE (19.2k), Chase Freedom (5k), PSECU Visa/PSL (20k)
Current Scores: Equifax: 738 (Fako) TransUnion: 721 (Fico) Experian: 717 (Fico)
Disclaimer: I am by no means a financial advisor. My posts are based on opinion, experience, and/or knowledge.

webhopper · ‎09-16-2011

I mentioned discover because I got my amex approval back when discover was my only major cc and I had some retail cards. I would advise getting a discover and then applying for an amex charge card in 6 months.

Discover can be oddly generous if they are a persons first major cc. They know that consumers are more loyal to their first card and tend to keep them longer. Ive had my discover card since 1999.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score (myFico + Amex): April 2013 TU 754 EQ 694 EX 694
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Silver Spade Garden Club Member: App Free since 1/1/13. No more apps til 2014
MyFICO Fitness Goal: 800s Club!

Take the myFICO Fitness Challenge

adding father to walmart card to get approval for amex! ideas thoughts?

Re: adding father to walmart card to get approval for amex! ideas thoughts?

Re: adding father to walmart card to get approval for amex! ideas thoughts?

Re: adding father to walmart card to get approval for amex! ideas thoughts?

Re: adding father to walmart card to get approval for amex! ideas thoughts?

Re: adding father to walmart card to get approval for amex! ideas thoughts?

Re: adding father to walmart card to get approval for amex! ideas thoughts?