topic Re: Try for AMEX BCP? in Credit Cards

Try for AMEX BCP?

Anonymous — Tue, 02 Jun 2015 16:39:33 GMT

Would ultimately like to have the BCP specifically for the 6% grocery cash back but not sure if i should app now or if i even have a chance at it

EQ-654 TU-659 Ex-664

Barclay Rewards on 5/8, 1000cl

QS1 on 5/8, 3000cl

Upgraded Cap1 to QS w/ CLI to 2250

UTI roughly 15%

Inquireies = 15-20 in last 12 months (car shoping last August)

Just paid off my only delinquent account 10 days ago and have 2 collections from 2010

Do i have a chance or should i go with BCE for the 3% and no AF and then hope for an upgrade to the BCP later?

Re: Try for AMEX BCP?

Anonymous — Tue, 02 Jun 2015 17:17:09 GMT

@Anonymous wrote:
Would ultimately like to have the BCP specifically for the 6% grocery cash back but not sure if i should app now or if i even have a chance at it

EQ-654 TU-659 Ex-664
Barclay Rewards on 5/8, 1000cl
QS1 on 5/8, 3000cl
Upgraded Cap1 to QS w/ CLI to 2250
UTI roughly 15%
Inquireies = 15-20 in last 12 months (car shoping last August)
Just paid off my only delinquent account 10 days ago and have 2 collections from 2010

Do i have a chance or should i go with BCE for the 3% and no AF and then hope for an upgrade to the BCP later?

I don't think there's any difference in the qualifications of the two. It's up to you to determine if the addtional bonus makes up for the AF. After doing the math assuming you only buy groceries, it would take $2,500 in grocery spend to make up the difference, everything beyond that is double the cash back.

This doesn't take any bonus into account, but a bonus would pay for the AF for a while.

Re: Try for AMEX BCP?

Anonymous — Tue, 02 Jun 2015 17:05:46 GMT

@Anonymous wrote:
@Anonymous wrote:
Would ultimately like to have the BCP specifically for the 6% grocery cash back but not sure if i should app now or if i even have a chance at it

EQ-654 TU-659 Ex-664
Barclay Rewards on 5/8, 1000cl
QS1 on 5/8, 3000cl
Upgraded Cap1 to QS w/ CLI to 2250
UTI roughly 15%
Inquireies = 15-20 in last 12 months (car shoping last August)
Just paid off my only delinquent account 10 days ago and have 2 collections from 2010

Do i have a chance or should i go with BCE for the 3% and no AF and then hope for an upgrade to the BCP later?
I don't think there's any difference in the qualifications of the two. It's up to you to determine if the addtional bonus makes up for the AF. After doing the math assuming you only buy groceries, it would take $2,500 in grocery spend to make up the difference, everything beyond that is double the cash back.

Right but also compare it against other options, such as the Sallie Mae, which wins till the spend is $3900

Re: Try for AMEX BCP?

ksantangelo23 — Tue, 02 Jun 2015 17:12:50 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Would ultimately like to have the BCP specifically for the 6% grocery cash back but not sure if i should app now or if i even have a chance at it

EQ-654 TU-659 Ex-664
Barclay Rewards on 5/8, 1000cl
QS1 on 5/8, 3000cl
Upgraded Cap1 to QS w/ CLI to 2250
UTI roughly 15%
Inquireies = 15-20 in last 12 months (car shoping last August)
Just paid off my only delinquent account 10 days ago and have 2 collections from 2010

Do i have a chance or should i go with BCE for the 3% and no AF and then hope for an upgrade to the BCP later?
I don't think there's any difference in the qualifications of the two. It's up to you to determine if the addtional bonus makes up for the AF. After doing the math assuming you only buy groceries, it would take $2,500 in grocery spend to make up the difference, everything beyond that is double the cash back.
Right but also compare it against other options, such as the Sallie Mae, which wins till the spend is $3900

A $250 monthly limit for gas and grocieres per month, a lower signup bonus ($25 vs $200) and loss of ability to PC in the future is also something to consider with Sallie Mae.

Re: Try for AMEX BCP?

Anonymous — Tue, 02 Jun 2015 17:18:27 GMT

Sallie Mae is not an option.

Re: Try for AMEX BCP?

Anonymous — Tue, 02 Jun 2015 17:18:45 GMT

I think ex 690 or above will do it.. Bcp all the way!

Re: Try for AMEX BCP?

Anonymous — Tue, 02 Jun 2015 17:19:11 GMT

@ksantangelo23 wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Would ultimately like to have the BCP specifically for the 6% grocery cash back but not sure if i should app now or if i even have a chance at it

EQ-654 TU-659 Ex-664
Barclay Rewards on 5/8, 1000cl
QS1 on 5/8, 3000cl
Upgraded Cap1 to QS w/ CLI to 2250
UTI roughly 15%
Inquireies = 15-20 in last 12 months (car shoping last August)
Just paid off my only delinquent account 10 days ago and have 2 collections from 2010

Do i have a chance or should i go with BCE for the 3% and no AF and then hope for an upgrade to the BCP later?
I don't think there's any difference in the qualifications of the two. It's up to you to determine if the addtional bonus makes up for the AF. After doing the math assuming you only buy groceries, it would take $2,500 in grocery spend to make up the difference, everything beyond that is double the cash back.
Right but also compare it against other options, such as the Sallie Mae, which wins till the spend is $3900

A $250 monthly limit for gas and grocieres per month, a lower signup bonus ($25 vs $200) and loss of ability to PC in the future is also something to consider with Sallie Mae.

Right, lots of factors to consider, just saying it doesn't have to be BCP vs BCE. While there is a cap on gas, it is 5% vs 3%, and 5% on Amazon/bookstores might be more useful for some than 3% on select department stores, so pros and cons of each.

Re: Try for AMEX BCP?

Anonymous — Tue, 02 Jun 2015 17:24:25 GMT

Bcp... When u purchase grocery buy a gas card you'll still earn your 6% ...your welcome

Re: Try for AMEX BCP?

Anonymous — Tue, 02 Jun 2015 17:39:05 GMT

@Anonymous wrote:
@ksantangelo23 wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Would ultimately like to have the BCP specifically for the 6% grocery cash back but not sure if i should app now or if i even have a chance at it

EQ-654 TU-659 Ex-664
Barclay Rewards on 5/8, 1000cl
QS1 on 5/8, 3000cl
Upgraded Cap1 to QS w/ CLI to 2250
UTI roughly 15%
Inquireies = 15-20 in last 12 months (car shoping last August)
Just paid off my only delinquent account 10 days ago and have 2 collections from 2010

Do i have a chance or should i go with BCE for the 3% and no AF and then hope for an upgrade to the BCP later?
I don't think there's any difference in the qualifications of the two. It's up to you to determine if the addtional bonus makes up for the AF. After doing the math assuming you only buy groceries, it would take $2,500 in grocery spend to make up the difference, everything beyond that is double the cash back.
Right but also compare it against other options, such as the Sallie Mae, which wins till the spend is $3900

A $250 monthly limit for gas and grocieres per month, a lower signup bonus ($25 vs $200) and loss of ability to PC in the future is also something to consider with Sallie Mae.
Right, lots of factors to consider, just saying it doesn't have to be BCP vs BCE. While there is a cap on gas, it is 5% vs 3%, and 5% on Amazon/bookstores might be more useful for some than 3% on select department stores, so pros and cons of each.

All of this is for another discussion. I have already compared cards and the card i would like to ultimatley have is the BCP. i just wasnt sure which would be the best option:

A-app for it now

B-app for BCE and upgrade later

C-dont stand a chance at either

Re: Try for AMEX BCP?

Anonymous — Tue, 02 Jun 2015 17:41:51 GMT

@Anonymous wrote:
All of this is for another discussion. I have already compared cards and the card i would like to ultimatley have is the BCP. i just wasnt sure which would be the best option:

A-app for it now
B-app for BCE and upgrade later
C-dont stand a chance at either

I wouldn't get the BCE to upgrade later, since there's no underwriting difference, you'd lose out on the bonus, and you would have to wait a year to upgrade.

Re: Try for AMEX BCP?

Anonymous — Tue, 02 Jun 2015 17:43:12 GMT

yeah this went off into left field for no reason. with that many inquiries and paying that negative only ten days ago and with the mid 600 scores i would hold off a few months. get your utilization at around 9% and it'll raise your score, your paid thing will show as paid and maybe an inquiry or two could fall off i say wait just a few months

underwriting is the same between the BCE and BCP

Re: Try for AMEX BCP?

Anonymous — Tue, 02 Jun 2015 17:46:25 GMT

I want the BCP also and our EX scores are similar. My goal was to get my EX at least above 670 before attempting. You may have a chance though. But if those cards are from May 8th of this year, I would probably say garden for 6 months and then go for it. Barclays already probably reported but Cap1 can take up to 2 months. Also, if your inquiries are mostly from the 6-12 month part of the past year, that's much better as well. Not sure when you went car shopping.

Ultimately, you're probably going to get a lot of YMMV. But if you really want/need it, I say go for it and see if you get it. Otherwise, I'd wait 6 months and then app.

Hope this helps.

Re: Try for AMEX BCP?

Anonymous — Tue, 02 Jun 2015 17:46:32 GMT

@Anonymous wrote:
yeah this went off into left field for no reason. with that many inquiries and paying that negative only ten days ago and with the mid 600 scores i would hold off a few months. get your utilization at around 9% and it'll raise your score, your paid thing will show as paid and maybe an inquiry or two could fall off i say wait just a few months

underwriting is the same between the BCE and BCP

Thanks, that is the response i was looking for.

Re: Try for AMEX BCP?

Anonymous — Tue, 02 Jun 2015 17:49:35 GMT

@Anonymous wrote:
@Anonymous wrote:
All of this is for another discussion. I have already compared cards and the card i would like to ultimatley have is the BCP. i just wasnt sure which would be the best option:

A-app for it now
B-app for BCE and upgrade later
C-dont stand a chance at either
I wouldn't get the BCE to upgrade later, since there's no underwriting difference, you'd lose out on the bonus, and you would have to wait a year to upgrade.

Thanks, this is useful information. I still learning that a few extra words in the name doesnt always mean the cards are any harder to get.

Re: Try for AMEX BCP?

Anonymous — Tue, 02 Jun 2015 17:50:05 GMT

@Anonymous wrote:
yeah this went off into left field for no reason. with that many inquiries and paying that negative only ten days ago and with the mid 600 scores i would hold off a few months. get your utilization at around 9% and it'll raise your score, your paid thing will show as paid and maybe an inquiry or two could fall off i say wait just a few months

underwriting is the same between the BCE and BCP

Quicker than me.

Re: Try for AMEX BCP?

Anonymous — Tue, 02 Jun 2015 18:13:10 GMT

^ thank you for using than and not then. omg i hate that idk why lol

Re: Try for AMEX BCP?

Anonymous — Tue, 02 Jun 2015 18:14:52 GMT

Me too!

Re: Try for AMEX BCP?

Anonymous — Tue, 02 Jun 2015 18:17:35 GMT

nice!

/thread jack over