topic Re: Amex EveryDay® Credit Card in Credit Card Applications

Amex EveryDay® Credit Card

Anonymous — Fri, 29 Dec 2017 02:13:14 GMT

Happy Holidays,

I wanted to get your opinion on if I should apply for the Amex EveryDay® Credit Card. I'm the first in my family looking to get an AmEx, so let me know if I'm missing something really basic. I like the card because it's seems geared towards younger, more limited history. And, it seems AmEx has higher limits for first time cards.

Info:

College Freshman

Income: $15k + $5500 college scholarship + $20,000+ eligible loan (don't know if AmEx accepts loans)

CS- Transunion: 708, EQX- 708 (IK, IK, its not my FICO)

My reason for applying for the card is to bring my utilization ratio down. I generally keep it between 10=15

Credit Card Limits: Discover (authorized user) $2500, Capital One (authorized user) $750, Capital One (my first card) $1000 (Automatic $1500 CLI in 3 months). I don't know if authorized user helps with AmEx and if they have a similar rule to Chase's "5/24"

Re: Amex EveryDay® Credit Card

Shadowfactor — Fri, 29 Dec 2017 04:22:07 GMT

I would pay the $1 for Amex CreditSecure or Credit Check Total trials and get your actual FICO scores. Discover’s creditscorecard.com will let you see your Experian FICO 8 scores for free which is what Amex uses.

Amex will want to see a year of history.
Have you tried using the Amex Prequalified site ? That will basically tell you if your Preapproved.

Go get your FICO scores and try the Prequalified site and post back

Re: Amex EveryDay® Credit Card

Anonymous — Fri, 29 Dec 2017 21:11:36 GMT

Agree with the above. The creditsecure is worth the $1. Just be sure to call and cancel it within 30 days before being charge $16.99 a month.

Re: Amex EveryDay® Credit Card

Anonymous — Thu, 04 Jan 2018 17:01:41 GMT

Ok so got approved with 718, but the weird thing is I have no pre-set spending limit. Anyone know what this is and what it means?

Re: Amex EveryDay® Credit Card

Anonymous — Thu, 04 Jan 2018 18:54:33 GMT

@Anonymous wrote:
Ok so got approved with 718, but the weird thing is I have no pre-set spending limit. Anyone know what this is and what it means?

I'm gonna guess that you accidentally applied for a charge card instead of the EveryDay revolver.... or it went pending/manual review for SL but guaranteed approval nonetheless?

Again, just guesses.

Re: Amex EveryDay® Credit Card

Shadowfactor — Thu, 04 Jan 2018 19:16:47 GMT

I was about to say the same thing. Probably applied for the charge card instead of the Revolver. They don’t even have the same names so either you didn’t app for the right card or Amex hasn’t decided what they are going to give you for a SL yet.

If you did end up with a charge card. They must be paid in full every month. There is no option to carry balances unless Amex Offers you the POT feature.

Re: Amex EveryDay® Credit Card

Anonymous — Thu, 04 Jan 2018 21:15:55 GMT

I did some research because I was confused and still don't know if it's charge or credit. But, I remember applying specifically for Amex EveryDay® Credit Card, when I called the automated assisstant, it says I've been accepted as Amex EveryDay Preferred. I don't know if this is.a charge or credit card. Either way, I pay off my balance ifn full each month.

Re: Amex EveryDay® Credit Card

Anonymous — Fri, 05 Jan 2018 00:30:31 GMT

Congrats!

Re: Amex EveryDay® Credit Card

Shadowfactor — Fri, 05 Jan 2018 02:02:20 GMT

Congrats on the approval.

It’s a Revolver. It’s the AF version of the everyday card. Did they set a limit for you ?
Just never heard of a Amex Revolver with NPSL

Re: Amex EveryDay® Credit Card

JuliusC — Fri, 05 Jan 2018 02:19:25 GMT

It’s a revolver. Same thing happened with my Delta Gold. Robo lady said NPSL. Calling in and speaking to a CSR will help in getting the SL and apr

Re: Amex EveryDay® Credit Card

Anonymous — Fri, 05 Jan 2018 02:23:30 GMT

Is this thing worth the $95 annual fee?

Re: Amex EveryDay® Credit Card

Anonymous — Fri, 05 Jan 2018 02:35:41 GMT

Ive been wondering that as well if for low-moderate spenders if the card is worth the $95. OR if the chrage cards are worth their AF as well.

Re: Amex EveryDay® Credit Card

Shadowfactor — Fri, 05 Jan 2018 06:32:53 GMT

I’ve taken advantage of my Amex Gold Delta Baggage fee 4 times now and I’ve only had the card 3 months.

And I’ve done the same with my PRG. Got the card in November and already used the $100 Airline Credit. So I will get another one this year.

For me it makes sense.

Now for you, that’s something you have to look at. Does the extra reward precentage on the EDP vs ED fit your spend ? Will you spend enough on the car to justify having the annual fee version ?

If the answer is no. You can always product change it to the no fee every day card

Re: Amex EveryDay® Credit Card

Anonymous — Fri, 05 Jan 2018 14:58:01 GMT

Defintely something I know I am going to research. I'm tilling right now so I've got the time lol.

I do not want to get the PRG card just to not use it, doesn't make sense. But I am also looking into Amex co-branded cards that might have a lower or no AF like the US Bank Cash 365 card.

Appreciate the input

Re: Amex EveryDay® Credit Card

MrDisco99 — Sat, 06 Jan 2018 08:32:59 GMT

Amex has been hit or miss with me on whether they tell me the SL of a card on approval. I had to call a couple of times to find out.

I have the EDP and I think it's worth the fee for the return I get on groceries and everyday spend. It really is the best way to earn transferrable points if you use it often. You do have to use it quite a bit to make it worth it, though. If you're just starting out you might want to consider downgrading it to the no-AF version.