topic Re: 6 months history = AMEX Green or AMEX Gold? in Credit Card Applications

6 months history = AMEX Green or AMEX Gold?

Anonymous — Thu, 13 Nov 2014 20:43:52 GMT

Hi all! It's been past 6 months now since I've had good credit history and I am ready to apply for another great card to build my "thin file." I was contemplating on going with Discover, but decided I would like to try AMEX (and especially because they are backdating). My only problem is trying to figure out what my odds of approval would be to apply for one of their charge cards. AMEX seems like a company where you need superb credit and great income to have one of their cards, for some reason. I know the BCE card everyone likes, but I'm thinking about going for the AMEX Green Card or the main AMEX Gold Card. The PRG's annual fee is a little too much for my liking.

Here are some stats about me:
0.62 AAoA
724 credit score (TU)
2 inquiries (One EX and other TU)
$18,000 annually
19 years old
One (and first) credit account opened May 2014- BOA Cash Rewards Platinum Plus $750 CL - 3% utilization currently

Re: 6 months history = AMEX Green or AMEX Gold?

Anonymous — Thu, 13 Nov 2014 20:46:24 GMT

@Anonymous wrote:
Hi all! It's been past 6 months now since I've had good credit history and I am ready to apply for another great card to build my "thin file." I was contemplating on going with Discover, but decided I would like to try AMEX (and especially because they are backdating). My only problem is trying to figure out what my odds of approval would be to apply for one of their charge cards. AMEX seems like a company where you need superb credit and great income to have one of their cards, for some reason. I know the BCE card everyone likes, but I'm thinking about going for the AMEX Green Card or the main AMEX Gold Card. The PRG's annual fee is a little too much for my liking.

Here are some stats about me:
0.62 AAoA
724 credit score (TU)
2 inquiries (One EX and other TU)
$18,000 annually
19 years old
One (and first) credit account opened May 2014- BOA Cash Rewards Platinum Plus $750 CL - 3% utilization currently

You may try for a Discover It and or a AMEX PRG. The PRG's standard offer is 25,000 MR and first annual fee waived, Take advantage of it

Re: 6 months history = AMEX Green or AMEX Gold?

mongstradamus — Thu, 13 Nov 2014 20:48:16 GMT

@Anonymous wrote:
Hi all! It's been past 6 months now since I've had good credit history and I am ready to apply for another great card to build my "thin file." I was contemplating on going with Discover, but decided I would like to try AMEX (and especially because they are backdating). My only problem is trying to figure out what my odds of approval would be to apply for one of their charge cards. AMEX seems like a company where you need superb credit and great income to have one of their cards, for some reason. I know the BCE card everyone likes, but I'm thinking about going for the AMEX Green Card or the main AMEX Gold Card. The PRG's annual fee is a little too much for my liking.

Here are some stats about me:
0.62 AAoA
724 credit score (TU)
2 inquiries (One EX and other TU)
$18,000 annually
19 years old
One (and first) credit account opened May 2014- BOA Cash Rewards Platinum Plus $750 CL - 3% utilization currently

Would you be open to go for an revolver, because ED is an pretty nice card for MR points and no AF compared to the Gold and Green. As a side note amex almost exclusively pulls ex so getting an ex fico score just to see where you are would be probably good idea before you app. I don't think requirements are that strict for amex anymore, when i apped for BCP last year i was able to get approved with sub 700 fico. You may not get best terms and initial CL but its doable.

Re: 6 months history = AMEX Green or AMEX Gold?

Anonymous — Thu, 13 Nov 2014 20:49:04 GMT

Thank you for the reply! That's my problem, however. I know the first year it's waived and you get all these sign-up bonus points at first, but you have to pay $175 every single year for the rest of your cards lifespan. It feels like a expensive commitment, haha.

Re: 6 months history = AMEX Green or AMEX Gold?

Anonymous — Thu, 13 Nov 2014 20:52:57 GMT

What's an ED, if I may ask? Is it the new EveryDay card? https://www304.americanexpress.com/credit-card/amex-everyday/25330

Re: 6 months history = AMEX Green or AMEX Gold?

Anonymous — Thu, 13 Nov 2014 20:50:48 GMT

@Anonymous wrote:
Thank you for the reply! That's my problem, however. I know the first year it's waived and you get all these sign-up bonus points at first, but you have to pay $175 every single year for the rest of your cards lifespan. It feels like a expensive commitment, haha.

You could app it now and app for a AMEX revolver early next year and keep the backdating

You won't have to pay that annual fee unless you want to. Trust me

Re: 6 months history = AMEX Green or AMEX Gold?

mongstradamus — Thu, 13 Nov 2014 20:54:05 GMT

@Anonymous wrote:
Thank you for the reply! That's my problem, however. I know the first year it's waived and you get all these sign-up bonus points at first, but you have to pay $175 every single year for the rest of your cards lifespan. It feels like a expensive commitment, haha.

well you could apply for prg and get 25k for first year with no AF , and then apply for Everyday card the next year , and keep all your MR points when you cancel PRG. The everyday card is 2x groceries 1x everything else with no af thats the important part. Its the only no af card in existance that i know of that can transfer to airline partners.

Re: 6 months history = AMEX Green or AMEX Gold?

Anonymous — Thu, 13 Nov 2014 20:57:21 GMT

I think I'm more terrified at the thought of getting denied by AMEX for only having 6 months of history than that annual fee! Haha!

Re: 6 months history = AMEX Green or AMEX Gold?

Anonymous — Thu, 13 Nov 2014 21:13:45 GMT

PRG will have the most incentive/easiest approval.

Re: 6 months history = AMEX Green or AMEX Gold?

Anonymous — Thu, 13 Nov 2014 21:23:21 GMT

I just got approved for PRG with 6 months CH.

You should do it, they denied me 2 times before and stated I needed 6 months to be approved.

Let us know !

Re: 6 months history = AMEX Green or AMEX Gold?

Anonymous — Thu, 13 Nov 2014 21:22:12 GMT

@ Nixon. What do you mean about the annual fee? Negotiable?

Re: 6 months history = AMEX Green or AMEX Gold?

Anonymous — Thu, 13 Nov 2014 21:24:03 GMT

@Anonymous wrote:
@ Nixon. What do you mean about the annual fee? Negotiable?

First year is waived automatically when applying for PRG.

Re: 6 months history = AMEX Green or AMEX Gold?

Anonymous — Thu, 13 Nov 2014 22:06:40 GMT

@Wolly; How many inquiries did you have prior to getting approved and what was your income? Is income even a weight when discussing your chances for approval with AMEX?

Re: 6 months history = AMEX Green or AMEX Gold?

Anonymous — Thu, 13 Nov 2014 22:09:28 GMT

Orrr maybe I should go with a Chase Freedom? Ugh! I hate being indecisive!

Re: 6 months history = AMEX Green or AMEX Gold?

Anonymous — Thu, 13 Nov 2014 22:10:53 GMT

@Anonymous wrote:
Orrr maybe I should go with a Chase Freedom? Ugh! I hate being indecisive!

Collect them all!

Re: 6 months history = AMEX Green or AMEX Gold?

Anonymous — Thu, 13 Nov 2014 22:12:49 GMT

I checked AMEX's pre-qualified site and nothing came up. Geez.

Re: 6 months history = AMEX Green or AMEX Gold?

chalupaman — Thu, 13 Nov 2014 22:15:12 GMT

Amex PRG definitely. UW requirements for the charge cards are around the same and that one comes with the most benefits and a waived AF.

Re: 6 months history = AMEX Green or AMEX Gold?

chalupaman — Thu, 13 Nov 2014 22:16:08 GMT

@Anonymous wrote:
I checked AMEX's pre-qualified site and nothing came up. Geez.

Don't worry. I didn't have any prequalified offers and I've been able to get cards with Amex just fine. The only real preapproval I've ever gotten was for a crappy Credit One card.

Re: 6 months history = AMEX Green or AMEX Gold?

Anonymous — Thu, 13 Nov 2014 22:17:22 GMT

@Anonymous wrote:
I checked AMEX's pre-qualified site and nothing came up. Geez.

Do you always color within the lines?

Re: 6 months history = AMEX Green or AMEX Gold?

Anonymous — Thu, 13 Nov 2014 23:26:42 GMT

So yes, by judging from everyones opinion, I'll be accepted with 6 months of history for a PRG. If I was to apply.. Say in the middle (or towards the end) of December, would the backdating still apply to me?

I'm still trying to figure out if the AMEX PRG's annual fee is worth it. I know you get 25,000-something bonus points if you spend such and such amount and your first year is waived.. But when would the card's AF equal out with it's features? Basically and inevitably, when would one simply be paying purely $175 a year on a card that is no longer beneficial? Some say they cancel theirs after 2 years due to this?