topic Re: AMEX in Credit Cards

AMEX

babypowder — Mon, 12 Dec 2016 22:35:06 GMT

I never had an AMEX card before. They have so many options and I/m not sure which one I should apply for. What's the big difference with AMEX and other cards like VISA MC or DISCOVER?

Re: AMEX

Anonymous — Mon, 12 Dec 2016 23:03:09 GMT

It really depends on your spend categories and if you want annual fees. Many like them for travel rewards. I don't travel often due to my business, but the BCE and BCP are pretty good category specific cashback cards like gas and groceries and I've made heavy use of the AMEX offers too.

Just remember...charge cards with them have to be PIF monthly and the revolvers can carry a balance (BCE/BCP ED/EDP)

To answer your question about what makes it different, the only real difference above and beyond perks is where it is accepted.

Re: AMEX

UncleB — Mon, 12 Dec 2016 23:09:27 GMT

@babypowder wrote:
I never had an AMEX card before. They have so many options and I/m not sure which one I should apply for. What's the big difference with AMEX and other cards like VISA MC or DISCOVER?

Well, I could write a three page essay on the differences between them (relax, I'm not going to... LOL).

If you'll be a little more specific with your question, or even better tell us specifically what you're looking for you'll get better replies.

Re: AMEX

babypowder — Mon, 12 Dec 2016 23:12:37 GMT

i guess the important question is do they approve apps with BK reporting? I have Chapter 7 discharge in June 2013. I dont want to apply if they are just going to auto deny it.

Re: AMEX

Anonymous — Mon, 12 Dec 2016 23:18:20 GMT

@babypowder wrote:
I never had an AMEX card before. They have so many options and I/m not sure which one I should apply for. What's the big difference with AMEX and other cards like VISA MC or DISCOVER?

Visa and MasterCard are more widely accepted than Discover and AMEX. With your scores you would easily qualify for a few of the AMEX cards. The Delta Gold is one of the easiest AMEX revolving credit cards to get. The charge cards, from my understanding, all have the same underwriting requirements so if you are approved for one you are likely to get approved for them all.

Re: AMEX

wasCB14 — Mon, 12 Dec 2016 23:38:33 GMT

@Anonymous wrote:
@babypowder wrote:
I never had an AMEX card before. They have so many options and I/m not sure which one I should apply for. What's the big difference with AMEX and other cards like VISA MC or DISCOVER?
Visa and MasterCard are more widely accepted than Discover and AMEX. With your scores you would easily qualify for a few of the AMEX cards. The Delta Gold is one of the easiest AMEX revolving credit cards to get. The charge cards, from my understanding, all have the same underwriting requirements so if you are approved for one you are likely to get approved for them all.

I'd hesitate to say "easily"..."possibly" yes...just because a score rebounds doesn't mean an issuer can't see the BK in history.

Re: AMEX

Anonymous — Mon, 12 Dec 2016 23:56:56 GMT

@babypowder wrote:
i guess the important question is do they approve apps with BK reporting? I have Chapter 7 discharge in June 2013. I dont want to apply if they are just going to auto deny it.

Amex is typically 5 years post file date. Visa/MC is a little more flexible depending on which bank it is. As for Discover, I see you already have one in your signiture.

Re: AMEX

Anonymous — Tue, 13 Dec 2016 01:54:08 GMT

@wasCB14 wrote:
@Anonymous wrote:
@babypowder wrote:
I never had an AMEX card before. They have so many options and I/m not sure which one I should apply for. What's the big difference with AMEX and other cards like VISA MC or DISCOVER?
Visa and MasterCard are more widely accepted than Discover and AMEX. With your scores you would easily qualify for a few of the AMEX cards. The Delta Gold is one of the easiest AMEX revolving credit cards to get. The charge cards, from my understanding, all have the same underwriting requirements so if you are approved for one you are likely to get approved for them all.
I'd hesitate to say "easily"..."possibly" yes...just because a score rebounds doesn't mean an issuer can't see the BK in history.

Good to know. I missed the BK part and yes it will likely show since the discharge was in 2013.

Re: AMEX

Anonymous — Tue, 13 Dec 2016 02:30:25 GMT

@babypowder wrote:
I never had an AMEX card before. They have so many options and I/m not sure which one I should apply for. What's the big difference with AMEX and other cards like VISA MC or DISCOVER?

I use to do the same and compare.. lolz, Don't worry about it, you will end up having all of em anyways. hehehehe

Re: AMEX

Anonymous — Tue, 13 Dec 2016 04:31:55 GMT

@babypowder wrote:
i guess the important question is do they approve apps with BK reporting? I have Chapter 7 discharge in June 2013. I dont want to apply if they are just going to auto deny it.

And the even more important question is whether an Amex card would be useful to you. What are you goals and spending patterns, and see who, whether Amex, V, MC has a card that suits you, and then see if the BK is going to be an issue.

Re: AMEX

Anonymous — Tue, 13 Dec 2016 18:41:02 GMT

I personally love my Amex cards (I have 4 but will eventually just have 2). I find I use my BCP and PRG constantly, well over my Discover, Visa, and MC. I think it all depends upon what you want it for and if it will actually be useful for you. Also, is the AF on some of their cards worth it to you? Have you tried the pre-qual? I've heard of some people pre 5 year BK discharge getting their cards, but not often...but then again if you don't mind the HP it doesn't hurt to try and recon if denied!

Re: AMEX

Anonymous — Tue, 13 Dec 2016 20:13:13 GMT

I will go for the gold carda if i am in your place and have it 10 year good service andbthere to spend when i need it

Re: AMEX

Anonymous — Mon, 30 Jan 2017 02:13:32 GMT

My first Amex was exactly 1 year ago, it was the gold delta