topic Re: 19 Year old college student looking for a amex in Credit Card Approvals

19 Year old college student looking for a amex

Lebronjames20 — Fri, 20 Jun 2014 18:56:56 GMT

hi guys. This is my first post, just joined right now. hoorrayyy ! As stated above i would LOVE a amex card.

Heres some info on me.

Credit score ATM is 734 according to discover.

19 years old last semester of college, got my first credit card october of last year, which is a discover for a limit of 500$ before that i got denied for macys and capital one. Not 100% sure if i got denied for capital one because they sent a letter asking for proof of income and i threw it out. wasint thinking right, lol. Then i got accepted for discover as stated above. I have two jobs and go to school full time. Income of 25k a year. this is not including grants from my schools. I have a car thats paid for, and pay insurance every month.The amex i would love to get is Amex Everyday. If that is out of reach what would be my best bet. Thanks all have a great afternoon.

oh and i pay in full every month.

Re: 19 Year old college student looking for a amex

robbulous — Fri, 20 Jun 2014 18:57:54 GMT

You're probably better off waiting and filling out your card portfolio before applying for the AMEX. Remember that you should be including ALL sources of income, which for you would include grants/loans, etc. when applying for cards.

If Discover only approved you for $500 you must have a thin file, and I highly doubt AMEX would approve you. But you're more than welcome to try. Please let us know the results if you do.

Edit: Also I just remembered you said you were denied for some other cards, and I would consider those easier to get than an AMEX.

Re: 19 Year old college student looking for a amex

Lebronjames20 — Fri, 20 Jun 2014 18:52:59 GMT

ahh.

Re: 19 Year old college student looking for a amex

Lebronjames20 — Fri, 20 Jun 2014 18:54:14 GMT

When i was denied it was because i had no history. Discover was my first

Re: 19 Year old college student looking for a amex

robbulous — Fri, 20 Jun 2014 18:55:25 GMT

On the plus side, you've had your Discover for more than 6 months, so that's a positive thing. The lowest limit I've seen given out for an AMEX is $1000, which is double what you have now.

Re: 19 Year old college student looking for a amex

Skye12329 — Fri, 20 Jun 2014 19:03:53 GMT

It sounded like cap1 wanted to approve you, just needed proof. As for Amex like someone else mentioned best to build your portfolio first. So let your discover card age a little and when you have a aaoa of at least 6 mos - 1 yr then apply

Re: 19 Year old college student looking for a amex

PrimeRate — Fri, 20 Jun 2014 19:10:56 GMT

You have low AAoA , but your score is well off and income is decent for your age. I think it's worth a shot. If denied, burning an HP at 19 is really no biggie.

If you can't get in with Amex, I would try for Chase Freedom or Barlcay Sallie Mae. Getting in with any of them, would be a huge accomplishment.

Best of luck.

Re: 19 Year old college student looking for a amex

Anonymous — Fri, 20 Jun 2014 19:20:28 GMT

AMEX pre-approved me, Capital One won't. My Cap One is securred. I am a big believer in securred. My advice would be get a securred for now and in three months, you'll be almost a shoe in for an AMEX.

But if you don't want to wait, go to AMEX site and try the Pre-Qualify/Approve option - it worked for me =)

Re: 19 Year old college student looking for a amex

Anonymous — Fri, 20 Jun 2014 19:22:35 GMT

@Lebronjames20 wrote:
hi guys. This is my first post, just joined right now. hoorrayyy ! As stated above i would LOVE a amex card.

Heres some info on me.
Credit score ATM is 734 according to discover.
19 years old last semester of college, got my first credit card october of last year, which is a discover for a limit of 500$ before that i got denied for macys and capital one. Not 100% sure if i got denied for capital one because they sent a letter asking for proof of income and i threw it out. wasint thinking right, lol. Then i got accepted for discover as stated above. I have two jobs and go to school full time. Income of 25k a year. this is not including grants from my schools. I have a car thats paid for, and pay insurance every month.The amex i would love to get is Amex Everyday. If that is out of reach what would be my best bet. Thanks all have a great afternoon.

oh and i pay in full every month.

You have a chance and I think you should attempt to get in with amex!

My story: I had the discover it with a $500 limit for 8 months before I recently applied for the amex delta. I listed income at 13k and was appproved for a 3k card. That was my 2nd card so I can tell you that it is doable. Your income is higher than mine so I think it would be worth it to attempt to get the card. If you go for it keep us updated and good luck!

Also might not be a bad idea to see if you can get a CLI with discover with a Soft Pull.

Re: 19 Year old college student looking for a amex

Skye12329 — Fri, 20 Jun 2014 19:23:30 GMT

Chase usually doesnt approve unless your aaoa is at least 6 mos.

Re: 19 Year old college student looking for a amex

Anonymous — Fri, 20 Jun 2014 19:29:00 GMT

@Skye12329 wrote:
Chase usually doesnt approve unless your aaoa is at least 6 mos.

I would say the same goes for BoA and CapOne.... Maybe Barclay as well, in my experience. None of them would even spit out a pre-qual when my Fico was 730. I know 730 isn't spectacular but it got me some nice starter cards - I'm happy =)

Re: 19 Year old college student looking for a amex

PrimeRate — Fri, 20 Jun 2014 19:34:53 GMT

@Anonymous wrote:
@Skye12329 wrote:
Chase usually doesnt approve unless your aaoa is at least 6 mos.
I would say the same goes for BoA and CapOne.... Maybe Barclay as well, in my experience. None of them would even spit out a pre-qual when my Fico was 730. I know 730 isn't spectacular but it got me some nice starter cards - I'm happy =)

He has had the card since October 2013. He is covered.

OP, did you take a loan for the car which is now paid off? If so, was it in your name?

Re: 19 Year old college student looking for a amex

Skye12329 — Fri, 20 Jun 2014 19:37:22 GMT

He has had the card since October 2013. He is covered.

OP, did you take a loan for the car which is now paid off? If so, was it in your name?

My mistake, missed reading that part. However if they have student loans would hurt a little in the begining and then help.

Re: 19 Year old college student looking for a amex

jzamarripa3220 — Fri, 20 Jun 2014 19:39:26 GMT

I just applied for an AmEx BCE a couple weeks ago. With a score of 713 and AAoA of 7 months. And credit history of 11 months total. I was instantly approved for 2k. So OP, I think you should go for it. Like one of the previous posts about using a HP at 19 is too bad. Also I'm 20 making a little less then you and I am not a student. Good luck. And keep up posted.

Re: 19 Year old college student looking for a amex

Creditaddict — Fri, 20 Jun 2014 19:39:40 GMT

OP I think you should totally apply for the Amex every day NOW... If you are generating a Fico score you should have no issue even with thin file.

Re: 19 Year old college student looking for a amex

PrimeRate — Fri, 20 Jun 2014 19:44:43 GMT

@Skye12329 wrote:
He has had the card since October 2013. He is covered.

OP, did you take a loan for the car which is now paid off? If so, was it in your name?
My mistake, missed reading that part. However if they have student loans would hurt a little in the begining and then help.

I still think he seems to be ahead of the game and rather than going w/ builder cards he may be able to squeeze in w/ a prime.

Even if it's a $1k limit, 61 days later it would be 3k as long as he keeps up his responsible habits. It's definitely worth the HP.

KEEP US POSTED OP!

Re: 19 Year old college student looking for a amex

Lebronjames20 — Fri, 20 Jun 2014 20:24:16 GMT

Hi no I didn't take a loan. It was paid in cash. In getting mixed responses. Idk what u should do. :X

Re: 19 Year old college student looking for a amex

Gornet — Sun, 22 Jun 2014 12:15:00 GMT

i am 18 years old and i got accepted for AMEX as my first credit card (gold delta skymiles)... 3 months later i got 2 more cards, and i also listed i had 0 income. So i think you have a better chance than me! You should def try because you never know until you try! Best of luck and keep us posted!

Re: 19 Year old college student looking for a amex

Gunnar419 — Sun, 22 Jun 2014 14:00:36 GMT

I think you should go for it, OP.

Also BIG congrats on being 19 and in your final semester of college. You're obviously an achiever who'll be the kind of customer Amex wants. Keep us posted.

Re: 19 Year old college student looking for a amex

Lebronjames20 — Sun, 22 Jun 2014 15:04:23 GMT

Thank you