topic Re: AMEX Gold Rewards APPROVED. in Credit Cards

AMEX Gold Rewards APPROVED.

Anonymous — Mon, 26 Apr 2010 03:27:53 GMT

I decide to pull the trigger.... figured hell everyone else is getting an American Express card why not me. I went through the pre-selected app and the Gold,Green and Hilton were pre-selected for me so I went with the Gold Rewards and received the 60 second instant approval.

I didn't think my scores were high enough but based on some commentary in this forum it looks like American Express uses it's own scoring, but still happy nonetheless.

Fico scores are TU 651, EQ 669 and EX I'm not sure because they don't offer it on myfico.

AAoA is 1 year and I make 19,000 a year ,no late payments ever and nothing derogatory. Reports are clean

Re: AMEX Gold Rewards APPROVED.

joestay — Mon, 26 Apr 2010 03:52:06 GMT

Congrats 5thWheel,

What was your longest account's age? Do you have any installment loan? How many credit card and how many inquiries?

Re: AMEX Gold Rewards APPROVED.

Anonymous — Mon, 26 Apr 2010 05:19:42 GMT

Congrats

Re: AMEX Gold Rewards APPROVED.

Anonymous — Mon, 26 Apr 2010 05:25:57 GMT

Isn't there an annual fee for that card?

Re: AMEX Gold Rewards APPROVED.

Anonymous — Mon, 26 Apr 2010 05:53:34 GMT

@Anonymous wrote:
Isn't there an annual fee for that card?

Yes

Re: AMEX Gold Rewards APPROVED.

Anonymous — Mon, 26 Apr 2010 14:22:43 GMT

My longest account age is 17 years which was an old department store card I had back in the day. And I have an installment loan reporting for 4k that's paid off, as for cards I have 4 open accounts and 3 closed accounts and six inquires from early 2009 on my EX report.

Re: AMEX Gold Rewards APPROVED.

Anonymous — Mon, 26 Apr 2010 14:26:27 GMT

Free for the first year....$125 thereafter, I'll probably end up doing a product change at some point before the year is up. Maybe Amex blue cash but we'll see.

Re: AMEX Gold Rewards APPROVED.

8benji — Tue, 27 Apr 2010 01:20:17 GMT

Congrats on your AmEx Gold Rewards Card!!

Re: AMEX Gold Rewards APPROVED.

tray — Tue, 27 Apr 2010 03:21:21 GMT

Congratulations on your new card, although you will not be able to do a product change with this card, if you want a no annual fee card you have to do another app another inquiry with Amex. I have the premier gold card and I want the blue card but holding off because of having to do another app.

Re: AMEX Gold Rewards APPROVED.

tengtengvn — Tue, 27 Apr 2010 04:46:26 GMT

Don't put to much on the card otherwise they'll chase you with their famous AMEX credit review.

Re: AMEX Gold Rewards APPROVED.

Anonymous — Tue, 27 Apr 2010 20:48:55 GMT

@tray wrote:
Congratulations on your new card, although you will not be able to do a product change with this card, if you want a no annual fee card you have to do another app another inquiry with Amex. I have the premier gold card and I want the blue card but holding off because of having to do another app.

I don't know if they would allow me to apply for another card as my salary is kinda low. If I applied for another card they might see it as a risk, might just have too bite the bullet after the first year and take another inquiry after I close the Gold.

Re: AMEX Gold Rewards APPROVED.

Anonymous — Tue, 27 Apr 2010 20:51:29 GMT

@tengtengvn wrote:
Don't put to much on the card otherwise they'll chase you with their famous AMEX credit review.

Starbucks, Panera Bread ONLY

Re: AMEX Gold Rewards APPROVED.

Ron1 — Tue, 27 Apr 2010 21:14:11 GMT

Wait six months to apply for any other Amex card. Don't charge too much for the first three months. They might close your account.

Ron.

Re: AMEX Gold Rewards APPROVED.

haulingthescoreup — Tue, 27 Apr 2010 22:41:27 GMT

Congratulations! I started with the Gold Rewards, too. Never a problem with it. I called a fair bit the first month or so, asking if I could use it at such-and-such, until they gently told me that I could go be a grown-up.

I don't know about the Starbucks bit, although there is evidence that it makes them happy, I guess. I used mine at first in traditional AmEx territory --restaurants, hotels, airlines, nice Stuff that could use the consumer protection.

I've also used it at Walmart and lived to tell the tale, so there you go. That was after I'd been with them for a year and changed to a Blue, to duck the annual fee.

While your income is still in the lower stages, keep enough in savings so that come hell or high water, you can pay your bill without any trouble. And if they offer you the chance to pay over time, ignore it. AmEx rarely forgets anything, ever, and even if you might not be using it for round-the-world travel now, you'll be happy to have that member since 2010 date in another 20 years.

Re: AMEX Gold Rewards APPROVED.

moonman — Tue, 27 Apr 2010 23:14:53 GMT

Amex is really pushing the preferred rewards gold card because I just received my third pre approval in two weeks....thanks but no thanks i do not like walking on eggshells

Re: AMEX Gold Rewards APPROVED.

Anonymous — Wed, 28 Apr 2010 00:49:54 GMT

@haulingthescoreup wrote:
Congratulations! I started with the Gold Rewards, too. Never a problem with it. I called a fair bit the first month or so, asking if I could use it at such-and-such, until they gently told me that I could go be a grown-up.

I don't know about the Starbucks bit, although there is evidence that it makes them happy, I guess. I used mine at first in traditional AmEx territory --restaurants, hotels, airlines, nice Stuff that could use the consumer protection.

I've also used it at Walmart and lived to tell the tale, so there you go. That was after I'd been with them for a year and changed to a Blue, to duck the annual fee.

While your income is still in the lower stages, keep enough in savings so that come hell or high water, you can pay your bill without any trouble. And if they offer you the chance to pay over time, ignore it. AmEx rarely forgets anything, ever, and even if you might not be using it for round-the-world travel now, you'll be happy to have that member since 2010 date in another 20 years.

I'll be sure to keep all of this in mind.

Re: AMEX Gold Rewards APPROVED.

haulingthescoreup — Wed, 28 Apr 2010 15:30:26 GMT

lol, the mom in me keeps coming out, I'm afraid! Congrats again.

Re: AMEX Gold Rewards APPROVED.

Anonymous — Wed, 28 Apr 2010 16:34:45 GMT

@moonman wrote:
Amex is really pushing the preferred rewards gold card because I just received my third pre approval in two weeks....thanks but no thanks i do not like walking on eggshells

I know lol! My average age of accounts is only 7 months and I'm pre-selected for it and the green card too. Of course I won't be applying anytime soon.

Re: AMEX Gold Rewards APPROVED.

Anonymous — Wed, 28 Apr 2010 23:39:29 GMT

Thank you...and it's quite alright, I don't mind.

@haulingthescoreup wrote:
lol, the mom in me keeps coming out, I'm afraid! Congrats again.