topic Re: Costco Amex Approval!! in Credit Cards

Costco Amex Approval!!

cs91 — Thu, 23 Feb 2012 03:48:35 GMT

Got Approved for the Costco True Earnings American Express

CL: $4500

15.24% APR (which I think is the Prime Rate)

I just want to thank everyone on the forum, all the posts helped me make an informed to decision to pay down all my credit card balances before applying and it paid off! Dont know which CB they pulled or the FICO. Thanks all!!

My info:

20 years old

Oldest account :2.9 years

AAoA: 1.4 years

Current Cards (Oldest to Newest):

SeaWest Coast Guard FCU: $1250 limit, $0 Balance

Best Buy Store Card: $1400 limit, $0 Balance

Capital One Platinum: $1750 limit, $0 Balance

USAA World Mastercard: $9000 limit, $0 Balance

USAA Platinum (Wife's Card but I'm an AU do it reports on my CR): $1000 limit, $0 Balance

Costco True Earnings American Express: $4500 limit, $0 Balance

720 Equifax (1/12 MyFico), 729 TransUnion (1/12 MyFico), 737 Experian (2/22 USAA Credit Monitoring)

Re: Costco Amex Approval!!

LS2982 — Thu, 23 Feb 2012 03:51:47 GMT

congrats!!! very nice card!

Re: Costco Amex Approval!!

RyVision — Thu, 23 Feb 2012 04:11:49 GMT

Awesome card and limit cs91!! CONGRATS!

The more I see about it, the more I'd like to get that card. And I'm about 5 or so hours from the nearest Costco

Best case scenario is I'd have to wait at least 6 months however, and that's a very best case

Re: Costco Amex Approval!!

cs91 — Thu, 23 Feb 2012 06:22:00 GMT

Thanks! yeah it seems likes a great card with good rewards! I'm a habitual Costco shopper so it works out! Time to do some serious gardening so I can hopefully get a great rate when I try to purchase a home in a year or two!

Re: Costco Amex Approval!!

bichonmom — Thu, 23 Feb 2012 06:25:33 GMT

Congrats! I was also just approved on Monday. Nice CL... mine is only $2k. Same interest rate. I think everyone w/Costco Amex has the same rate, except maybe if you're late and get AA.

Re: Costco Amex Approval!!

Anonymous — Thu, 23 Feb 2012 07:27:45 GMT

The prime rate, as reported by the Wall Street Journal's bank survey, is among the most widely used benchmark in setting home equity lines of credit and credit card rates. It is in turn based on the fed funds rate, which is set by the Federal Reserve. Currently Prime rate is at 3.25%.

So actually 15.24 is prime+12

Re: Costco Amex Approval!!

cs91 — Thu, 23 Feb 2012 15:01:46 GMT

ferrari, thanks for the definition and also in case anyone was wondering they only pulled EXP for the card. Hope this helps anyone else who is considering applying.

Re: Costco Amex Approval!!

credithappy — Sun, 26 Feb 2012 01:05:42 GMT

Congratulations to you. I also received my approval today for the TrueEarning Amex card and my CL is $6700.