topic Re: Approved for First Amex Card (Cash Magnet) at 19 in Credit Card Approvals

Approved for First Amex Card (Cash Magnet) at 19

Matthew1551 — Thu, 16 Apr 2020 14:54:42 GMT

I just got approved for the Amex Cash Magnet with a CL of $2,000! I'm 19 and only a year and 3 months into my credit journey!

FICO:

EX 725

TU 732

Currently at 5/24 (Now 6/24) with my last approval being a CF at $2,500

Income about $30k

So currently my stack is:

My goal was to get in with Amex early and take advantage of the SuB with upcoming purchases! My next card is likely to be the CSP in March 2021. Thanks!

Re: Approved for First Amex Card (Cash Magnet) at 19

CreditAggie — Thu, 16 Apr 2020 14:58:07 GMT

Congratulations on your Amex Cash Magnet approval!

Re: Approved for First Amex Card (Cash Magnet) at 19

M_Smart007 — Thu, 16 Apr 2020 14:59:50 GMT

@Matthew1551 wrote:
I just got approved for the Amex Cash Magnet with a CL of $2,000! I'm 19 and only a year and 3 months into my credit journey!

FICO:
EX 725
TU 732
Currently at 5/24 (Now 6/24) with my last approval being a CF at $2,500
Income about $30k

So currently my stack is:
PayPal Credit (Jan 19) $2,000 | Discover It (Mar 19) $1,500 | Closed Account (Jun 19) | Apple Card (Aug 19) $2,000 | Chase Freedom (Jan 20) $2,500 | Amex Cash Magnet (Apr 20) $2,000

My goal was to get in with Amex early and take advantage of the SuB with upcoming purchases! My next card is likely to be the CSP in March 2021. Thanks!

Congratulations! .. What a start at a young age!!, and you have all the knowledge here at myFICO

I wish I could turn back the time clock 35+ years

Re: Approved for First Amex Card (Cash Magnet) at 19

Anonymous — Thu, 16 Apr 2020 15:00:47 GMT

Congratulations on your success

Re: Approved for First Amex Card (Cash Magnet) at 19

Matthew1551 — Thu, 16 Apr 2020 15:03:17 GMT

@M_Smart007
I'm very much a lurker here but I enjoy reading the stories and datapoints! Very happy with my approval and I'm hoping to get the Amex 3x CLI in a couple months from now!

Re: Approved for First Amex Card (Cash Magnet) at 19

AllZero — Thu, 16 Apr 2020 15:14:40 GMT

Congratulations on your approval!

Re: Approved for First Amex Card (Cash Magnet) at 19

EverForward — Thu, 16 Apr 2020 15:18:49 GMT

Congratulations on your Amex Cash Magnet approval!

Re: Approved for First Amex Card (Cash Magnet) at 19

Anonymous — Thu, 16 Apr 2020 15:19:13 GMT

@Matthew1551 wrote:
... So currently my stack is ...

That you have a "stack" is amazing! I don't even care what they are. You're on the road ...

Congrats! on your approvals.

Re: Approved for First Amex Card (Cash Magnet) at 19

Matthew1551 — Thu, 16 Apr 2020 15:20:21 GMT

@Anonymous wrote:
@Matthew1551 wrote:
... So currently my stack is ...
That you have a "stack" is amazing! I don't even care what they are. You're on the road ...
Congrats! on your approvals.

I'm trying to be methodical about my approvals. This isn't the card I really wanted but it's the card I need to get in good with Amex and build history. It's the long game.

Re: Approved for First Amex Card (Cash Magnet) at 19

gdale6 — Thu, 16 Apr 2020 15:26:39 GMT

Congrats, you are the same age when I got mine many years ago. Dont do business with them now though.

Re: Approved for First Amex Card (Cash Magnet) at 19

AverageJoesCredit — Thu, 16 Apr 2020 15:31:03 GMT

Congrats

Re: Approved for First Amex Card (Cash Magnet) at 19

Anonymous — Thu, 16 Apr 2020 15:39:50 GMT

Congrats on your approval!

Re: Approved for First Amex Card (Cash Magnet) at 19

MyFault — Thu, 16 Apr 2020 17:52:22 GMT

Congrats on your first Amex!

Re: Approved for First Amex Card (Cash Magnet) at 19

Anonymous — Thu, 16 Apr 2020 20:07:48 GMT

Congrats on your Amex Cash Magnet approval! Great start to your credit journey!

Re: Approved for First Amex Card (Cash Magnet) at 19

Guyatthebeach — Thu, 16 Apr 2020 21:35:17 GMT

Matthew1551,

Congratulations on your approval!

The cash magnet card is an excellent card to have. Always pay it on time and it will grow over time. They will offer you some excellent deals in the future. Also on day 61, hit the CLI button and try for the 3x CLI. There are several threads about it.

Guyatthebeach

Re: Approved for First Amex Card (Cash Magnet) at 19

Matthew1551 — Thu, 16 Apr 2020 21:15:31 GMT

@Guyatthebeach wrote:
Also on day 91, hit the CLI button and try for the 3x CLI. There are several threads about it.

I was aware that this was a thing, but is it 91 days or 61 days? I thought it was 61 according to the megathread

Re: Approved for First Amex Card (Cash Magnet) at 19

Anonymous — Thu, 16 Apr 2020 21:19:46 GMT

Congratulations on your approval and welcome to the Amex family! 👍

Re: Approved for First Amex Card (Cash Magnet) at 19

Guyatthebeach — Thu, 16 Apr 2020 21:34:45 GMT

You're right, it's day 61 for Amex. I had Navy Federal on the mind.

Oops!

Guyatthebeach

Re: Approved for First Amex Card (Cash Magnet) at 19

Anonymous — Thu, 16 Apr 2020 21:36:12 GMT

Congratulations

Re: Approved for First Amex Card (Cash Magnet) at 19

19eighty5 — Fri, 17 Apr 2020 03:40:13 GMT

Congratulations!