topic Re: AMEX HELP!!!! in Credit Cards

AMEX HELP!!!!

Anonymous — Sun, 26 Jun 2011 20:05:46 GMT

I would like to get my credit score increased. It fluctuates up and down. I currently have a high to low credit ratio. I know that's part of my issue. But my goal is to get into the AMEX level type of credit. Once I receive an AMEX, I would feel much better. What are the best ways to receive an AMEX. My credit overall is at 600 right now. I know I have to get it in the 700's. But I also know, what state you currently reside in can affect your ability to receive it. Help me please. Bad Credit sucks!!!!!!

Re: AMEX HELP!!!!

DI — Sun, 26 Jun 2011 20:10:34 GMT

@Anonymous wrote:
I would like to get my credit score increased. It fluctuates up and down. I currently have a high to low credit ratio. I know that's part of my issue. But my goal is to get into the AMEX level type of credit. Once I receive an AMEX, I would feel much better. What are the best ways to receive an AMEX. My credit overall is at 600 right now. I know I have to get it in the 700's. But I also know, what state you currently reside in can affect your ability to receive it. Help me please. Bad Credit sucks!!!!!!

That's news to me. Maybe I've had luck because me and AMEX are neighbors. LOL. What state one lives in has nothing to do with the approval process. Do you have any baddies in your credit reports? If not, even with your 600s you stand a chance for a charge account.

Re: AMEX HELP!!!!

Anonymous — Sun, 26 Jun 2011 20:32:30 GMT

Well I live within the NYC area. NY is so big on Credit, if your credit isn't atleast a 750, nobody wants to hear you. But if I lived in NC, where you don't have to have great credit, I might have gotten approved. I was using NC as an example. I just know in other areas, credit isn't as big as in NYC.

Re: AMEX HELP!!!!

Anonymous — Sun, 26 Jun 2011 20:35:54 GMT

@Anonymous wrote:
Well I live within the NYC area. NY is so big on Credit, if your credit isn't atleast a 750, nobody wants to hear you. But if I lived in NC, where you don't have to have great credit, I might have gotten approved. I was using NC as an example. I just know in other areas, credit isn't as big as in NYC.

Very interesting. Same as DI ... this is new to me.

Re: AMEX HELP!!!!

DI — Sun, 26 Jun 2011 20:38:57 GMT

@Anonymous wrote:
Well I live within the NYC area. NY is so big on Credit, if your credit isn't atleast a 750, nobody wants to hear you. But if I lived in NC, where you don't have to have great credit, I might have gotten approved. I was using NC as an example. I just know in other areas, credit isn't as big as in NYC.

NC is BOA territory. BOA have easy approvals. Residence in NC are one of the states with high credit card debt.

Re: AMEX HELP!!!!

Anonymous — Sun, 26 Jun 2011 20:47:18 GMT

So basically because they are in such a high debt, the approval is a greater chance...????

Re: AMEX HELP!!!!

DI — Sun, 26 Jun 2011 20:51:31 GMT

@Anonymous wrote:
So basically because they are in such a high debt, the approval is a greater chance...????

No, BOA is part of the reason why NC have high credit card debt. They've been good to thier neighbors apparently.

Re: AMEX HELP!!!!

Anonymous — Sun, 26 Jun 2011 21:17:08 GMT

@Anonymous wrote:
. But if I lived in NC, where you don't have to have great credit, I might have gotten approved.

I live in NC and have a TU and EQ Ficos of 786 and 778 and was declined for the AmEx Clear (the reason was "The length of time you have been a customer with American Express is too short" but still, A person who lives in NC needs good or great credit to be approved for Major Credit Cards/Auto Loans/Mortgages etc......

Thats kinda funny you would say people who live in NC can get credit easier than someone who lives in another state.

Bad Credit is Bad Credit, no matter where you live.

Re: AMEX HELP!!!!

BungalowMo — Sun, 26 Jun 2011 21:17:41 GMT

I have never read anywhere, or seen any evidence stating that where you live has anything to do with who approves you & for how much.

Pretty much, It all comes down to what you look like on paper.

Re: AMEX HELP!!!!

Anonymous — Sun, 26 Jun 2011 21:58:46 GMT

@BungalowMo wrote:
I have never read anywhere, or seen any evidence stating that where you live has anything to do with who approves you & for how much.

Pretty much, It all comes down to what you look like on paper.

THIS

Re: AMEX HELP!!!!

n777ua — Sun, 26 Jun 2011 22:20:52 GMT

To the OP, are you referring to some sort of regulation/law and how it affect what type of card you can get? Until the early '00's; revolving AMEX accounts couldn't be issued to anyone in Iowa due to "banking regulations".

I remember getting pre-approvals in the mail when I lived in Iowa for revolving Amex accounts, applying, only to be told that particular card could't be issued in Iowa. As to why I'd get the pre-approval, thats a whole different story in a universe far, far away.

Good luck to the OP, but I second what other people are saying, your state of residence has nothing to do with your approval/denial chances per se'.

Re: AMEX HELP!!!!

Anonymous — Sun, 26 Jun 2011 22:36:45 GMT

I wonder what a "high to low credit ratio" ratio is? Unfortunately, there is no pill you can take to boost your credit score overnight. It takes time and you should at least have 680-700 before you even try for Amex. That won't make you feel better but taking a realistic look at your circumstances should help in the long run.

Re: AMEX HELP!!!!

DI — Sun, 26 Jun 2011 22:39:08 GMT

@Anonymous wrote:
I wonder what a "high to low credit ratio" ratio is? Unfortunately, there is no pill you can take to boost your credit score overnight. It takes time and you should at least have 680-700 before you even try for Amex. That won't make you feel better but taking a realistic look at your circumstances should help in the long run.

No pills, but certainly rapid rescoring for mortgages.