topic Re: Apply for AMEX Blue Cash Everday? in Credit Cards

Apply for AMEX Blue Cash Everday?

BlueHusky — Mon, 02 Apr 2012 03:26:54 GMT

Hi all!

I'm new here, and I just wanted to ask if you guys thought I could be approved for the AMEX Blue Cash everyday card. Here's my info:

I'm 22, about a 55K per year income. I've had credit cards since I turned 18, and my credit was solid until about 2 years ago. During college I had no money and began charging things like crazy and not paying them off (no late payments, but high utilization) - my credit score according to CreditKarma fell to 585 out of 850. Once I graduated and started making money, the first thing I did was pay them all off. My score shot up and is now at 753/850 according to credit karma (average age of lines is affecting me the most, only 3 years since I closed my first CC account). I have a Discover Card ($1750 CL), Barclay Card ($2250), BoA ($3000), Chase Slate ($1500), and Citi MtvU ($2750) and some store credit cards. I really want an AMEX and I like the Blue, so do you guys think I would be approved if I applied? I have no idea how hard it is to get.

Re: Apply for AMEX Blue Cash Everday?

Eschaton — Mon, 02 Apr 2012 03:32:02 GMT

I don't think high utilization matters as long as the utilization when you apply is low. And if you made no late payments, I really don't think it'll affect you at all. You can apply for a BCE if you want, and if you get denied you can just try for a charge card and use that for a year or two and apply to the BCE again later to backdate.

As far as the odds of you getting an approval - odds are it's anyone's guess, but the only way to know for sure is to apply. I've always felt like people will get approved for the same cards I got approved for but as it turns out, I was wrong.

Re: Apply for AMEX Blue Cash Everday?

tsquad131 — Mon, 02 Apr 2012 03:32:23 GMT

if you have no baddies and low utilization then you should be ok

Re: Apply for AMEX Blue Cash Everday?

aussiesareforever — Mon, 02 Apr 2012 03:40:05 GMT

Based on the description of your credit history, I think you have a reasonable chance. Ensure your utilization is low before applying. I agree with what others have said. If you do get denied, apply for a charge card like the Zync.

Good luck and let us know how it goes.

Re: Apply for AMEX Blue Cash Everday?

jamesdwi — Mon, 02 Apr 2012 03:46:39 GMT

@BlueHusky wrote:
Hi all!

I'm new here, and I just wanted to ask if you guys thought I could be approved for the AMEX Blue Cash everyday card. Here's my info:

I'm 22, about a 55K per year income. I've had credit cards since I turned 18, and my credit was solid until about 2 years ago. During college I had no money and began charging things like crazy and not paying them off (no late payments, but high utilization) - my credit score according to CreditKarma fell to 585 out of 850. Once I graduated and started making money, the first thing I did was pay them all off. My score shot up and is now at 753/850 according to credit karma (average age of lines is affecting me the most, only 3 years since I closed my first CC account). I have a Discover Card ($1750 CL), Barclay Card ($2250), BoA ($3000), Chase Slate ($1500), and Citi MtvU ($2750) and some store credit cards. I really want an AMEX and I like the Blue, so do you guys think I would be approved if I applied? I have no idea how hard it is to get.

Past UTL isn't an issue, they care about today. You may want to get the trial of myfico an get a real fico score. In any case the first step is to see if you are pre-selected for any cards, if they have an offer for ap revolvers you may want to take the chance and apply for BCE even if its not a pre-selected. If they have more than one card listed apply for the revolver first if you are applying more than one card. If you are borderline for the revolver, having a brandnew charge card may be too much risk for them to approve the revolver. On the other hand if you get the revolver its a lot easier to get a charge a month or two later especially if you are still pre-selected.

BCE is a harder to get card, the simple Blue is the easiest revolver to get, and they may still be running the special where you got a 10,000 points for spending $500 in the first 3 months, which is equivalent to $100 in resturant gift cards and no AF. So the question comes down to, do you want a revolver today than I would apply for Blue, but you can have only one Blue style card you will have to close and re-apply to get the BCE in the future. If you apply now for the BCE and are denied you have to wait at least 30 days IIRC to app for another card.

But in the end its all just a guessing game as to what AMEX will do.

Re: Apply for AMEX Blue Cash Everday?

BlueHusky — Mon, 02 Apr 2012 03:56:42 GMT

Thanks everyone for replying so quickly. I decided to go ahead and try for it and it says I have to wait 10-14 days for an answer?

Re: Apply for AMEX Blue Cash Everday?

MsLadyRover — Mon, 02 Apr 2012 04:00:27 GMT

@BlueHusky wrote:
Thanks everyone for replying so quickly. I decided to go ahead and try for it and it says I have to wait 10-14 days for an answer?

GOOD LUCK!

Re: Apply for AMEX Blue Cash Everday?

aussiesareforever — Mon, 02 Apr 2012 04:01:22 GMT

It means they either need to verify something (address, income) or have your file manually reviewed. You may get an answer before that time frame. You could also call them tomorrow to check on the status of your application.

Good luck!!!

Re: Apply for AMEX Blue Cash Everday?

BlueHusky — Mon, 02 Apr 2012 04:02:08 GMT

Is there a way to check my application status online?

Re: Apply for AMEX Blue Cash Everday?

frogfan12 — Mon, 02 Apr 2012 04:02:27 GMT

@BlueHusky wrote:
Thanks everyone for replying so quickly. I decided to go ahead and try for it and it says I have to wait 10-14 days for an answer?

Double check the application status. I got the same message but was instantly approved.

Re: Apply for AMEX Blue Cash Everday?

h4ldol — Mon, 02 Apr 2012 04:05:10 GMT

@BlueHusky wrote:
Is there a way to check my application status online?

There is an online application status checking page on the AMEX website (just google it or search on their website). Quite possibly it'll say that you've been approved!

Re: Apply for AMEX Blue Cash Everday?

jamesdwi — Mon, 02 Apr 2012 04:05:47 GMT

google amex application status you will get a link to the app status page

Re: Apply for AMEX Blue Cash Everday?

BlueHusky — Mon, 02 Apr 2012 04:09:33 GMT

BLUE CASH EVERYDAY(SM)

Approved

Congratulations! Your application has been approved and you should receive your new card within 7-10 days.
If you requested a balance transfer to this card, click here to view the status of that transfer

Re: Apply for AMEX Blue Cash Everday?

aussiesareforever — Mon, 02 Apr 2012 04:10:22 GMT

Yay!!! Awesome. So exciting. Congratulations!!!!!!

Re: Apply for AMEX Blue Cash Everday?

crunching_numbers — Mon, 02 Apr 2012 04:16:08 GMT

@BlueHusky wrote:
BLUE CASH EVERYDAY(SM)
Approved
Congratulations! Your application has been approved and you should receive your new card within 7-10 days.
If you requested a balance transfer to this card, click here to view the status of that transfer

Nice! Congrats.

Re: Apply for AMEX Blue Cash Everday?

BlueHusky — Mon, 02 Apr 2012 04:20:23 GMT

Thanks! I mainly got it for cashback on gas and groceries without having to always sign up for the categories.

Why else is it good? Is it typically harder to get? Does it look good on a credit report somehow?

Re: Apply for AMEX Blue Cash Everday?

aussiesareforever — Mon, 02 Apr 2012 04:32:35 GMT

@BlueHusky wrote:
Thanks! I mainly got it for cashback on gas and groceries without having to always sign up for the categories.

Why else is it good? Is it typically harder to get? Does it look good on a credit report somehow?

I found an old thread that might be helpful. Amex revolvers are usually harder to get so congratulations on jumping that hurdle. Amex has a prestigious reputation but it won't earn you any special points on the FICO scoring model. However, if you treat it like you are your other cards- pay on time and keep your utilization low, your scores will get higher. Some lenders may also consider you a more desirable borrower during a manual review (say for a house or a car) when you have prime cards (like Amex) on your credit report.

Enjoy your new card. Let us know what your credit limit is but if you use your card well, AMEX will typically increase your credit limit in 61 days. I believe you have to call in for a credit limit increase but it is soft pull and you can ask for up to 3 times your current limit.

http://ficoforums.myfico.com/t5/Credit-Cards/AMEX-Blue-Cash-Everyday/m-p/909382/highlight/true#M263089

Re: Apply for AMEX Blue Cash Everday?

LS2982 — Mon, 02 Apr 2012 10:30:58 GMT

@BlueHusky wrote:
Thanks everyone for replying so quickly. I decided to go ahead and try for it and it says I have to wait 10-14 days for an answer?

Fingers crossed for you!!!

Re: Apply for AMEX Blue Cash Everday?

LS2982 — Mon, 02 Apr 2012 10:31:55 GMT

@BlueHusky wrote:
BLUE CASH EVERYDAY(SM)
Approved
Congratulations! Your application has been approved and you should receive your new card within 7-10 days.
If you requested a balance transfer to this card, click here to view the status of that transfer

Big Congrats!!!!!!

Re: Apply for AMEX Blue Cash Everday?

Anonymous — Mon, 02 Apr 2012 11:21:37 GMT

I've been lurking around this thread since it started. CONGRATULATIONS!! I'm happy for you....oh, and welcome to the Amex family! Lol