Established Member
mmt
Posts: 15
Registered: ‎03-18-2012
Too Soon for AMEX BCE?

Hey Guys, 

 

I am looking to apply for a new credit card to use for gas and groceries. I would love to get the AMEX BCE but I am not sure what my chances are. I currently have the Citi Forward that I got back in March with a CL of $3000, but that is my only credit card. I have a few student loans and an auto loan, all in good standing with no baddies.

 

Credit Score: 733 last time it was pulled from Equifax

Oldest Account: 4 years 3 months (student loan)

AAOA: 2 years 7 months

Inquires: 5 on Equifax, 0 on Experian and  Transunion (2 of the inquires are auto loan related and 2 are rental related)

Utility: 12% at last statement cut

Income: 55K

 

Any advice is greatly appreciated. Let me know if I missed any information that can help predict my chances

 

Thanks in advance!

Valued Contributor
Repo-ed
Posts: 2,953
Registered: ‎02-09-2012
Re: Too Soon for AMEX BCE?
Frequent Contributor
Jake0215
Posts: 260
Registered: ‎11-10-2011
Re: Too Soon for AMEX BCE?

mmt wrote:

Hey Guys, 

 

I am looking to apply for a new credit card to use for gas and groceries. I would love to get the AMEX BCE but I am not sure what my chances are. I currently have the Citi Forward that I got back in March with a CL of $3000, but that is my only credit card. I have a few student loans and an auto loan, all in good standing with no baddies.

 

Credit Score: 733 last time it was pulled from Equifax

Oldest Account: 4 years 3 months (student loan)

AAOA: 2 years 7 months

Inquires: 5 on Equifax, 0 on Experian and  Transunion (2 of the inquires are auto loan related and 2 are rental related)

Utility: 12% at last statement cut

Income: 55K

 

Any advice is greatly appreciated. Let me know if I missed any information that can help predict my chances

 

Thanks in advance!


Everything looks good except your lack of revolving experience, my hunch is yes for a charge no for a revolver.


Starting Score: 617 EQ 10-17-11
Current Score: EQ 767 TU 769 EX 749 (all FICO but who really knows?)
Goal Score: 800


Take the FICO Fitness Challenge
Established Member
mmt
Posts: 15
Registered: ‎03-18-2012
Re: Too Soon for AMEX BCE?

Ok, thanks for the reply. 

 

Would taking my utility down to 0% help at all? 

 

Any suggestion on charge card? I had been looking at the Zync until it went away. Would I be better off finding another card to get? 

 

I am wondering if it is worth the inquiry for the chance to get a backdate year of 2012. Since there is only a month and a half left in the year, my revolver won't age that much before 2012 is gone. 

Frequent Contributor
Jake0215
Posts: 260
Registered: ‎11-10-2011
Re: Too Soon for AMEX BCE?

mmt wrote:

Ok, thanks for the reply. 

 

Would taking my utility down to 0% help at all? 

 

Any suggestion on charge card? I had been looking at the Zync until it went away. Would I be better off finding another card to get? 

 

I am wondering if it is worth the inquiry for the chance to get a backdate year of 2012. Since there is only a month and a half left in the year, my revolver won't age that much before 2012 is gone. 


Under 10% will be best, beyond that the results are negligible. That being said your current util prob won't prevent you from being approved... If you don't mind the inquiry go for it, I think the PRG has a promo for a waived annual fee for the first year.


Starting Score: 617 EQ 10-17-11
Current Score: EQ 767 TU 769 EX 749 (all FICO but who really knows?)
Goal Score: 800


Take the FICO Fitness Challenge
Established Contributor
amercnchopz34
Posts: 839
Registered: ‎10-28-2011
Re: Too Soon for AMEX BCE?

I got the Amex green,BCP and Delta Gold Skymies all within 3 days of one another...bk reporting at 7.5 yrs old....give it a shot......if not approved  they will let you knowwhat you   need to better your reports in shape...

 

good luck


Established Contributor
ccnewcc
Posts: 560
Registered: ‎09-29-2012
Re: Too Soon for AMEX BCE?

mmt wrote:

Hey Guys, 

 

I am looking to apply for a new credit card to use for gas and groceries. I would love to get the AMEX BCE but I am not sure what my chances are. I currently have the Citi Forward that I got back in March with a CL of $3000, but that is my only credit card. I have a few student loans and an auto loan, all in good standing with no baddies.

 

Credit Score: 733 last time it was pulled from Equifax

Oldest Account: 4 years 3 months (student loan)

AAOA: 2 years 7 months

Inquires: 5 on Equifax, 0 on Experian and  Transunion (2 of the inquires are auto loan related and 2 are rental related)

Utility: 12% at last statement cut

Income: 55K

 

Any advice is greatly appreciated. Let me know if I missed any information that can help predict my chances

 

Thanks in advance!


I don't have any Amex experince, but i would think you would get approved.  Maybe bring down your util to <9% would help.  But i still think you got a good shot.

Valued Contributor
SnackTrader
Posts: 1,566
Registered: ‎09-15-2012
Re: Too Soon for AMEX BCE?

OP, your profile looks nearly IDENTICAL to mine.  I would love to hear back if you make the decision to apply and what your results are.  Good luck!


In My Wallet: Amex BCP (12/12) $22.200, Cap1 Quicksilver (6/12) $14,000, Chase CSP (4/14) $12,000, Barclaycard Rewards (5/13) $10,500, Citi Forward (12/12) $9,600, Chase Freedom (12/12) $5,000

Last App: April 2, 2014
Established Contributor
Koop10010
Posts: 731
Registered: ‎02-15-2012
Re: Too Soon for AMEX BCE?

I would recommend going for it.

FICOs (2/24/12): EX 752, EQ 740
Chase Sapphire Preferred, Freedom; American Express PR Gold, Blue Cash Everyday
Established Contributor
Cadillac-XTS
Posts: 1,837
Registered: ‎08-20-2012
Re: Too Soon for AMEX BCE?

+1