topic Re: i need advice,help,info!! in Credit Cards

i need advice,help,info!!

mojobones89 — Tue, 22 Jan 2013 04:06:19 GMT

trying to get an american express

ex-721

tu-724

eq-722

9 credit cards=zero balance on all of them

total credit balance 14.1k

average credit history is 2 years

oldest accounts are 3.3 years

no negative,no baddies,no nothing

total inquires=10

2011 inq=6

2012 inq=4

2013 inq=august i will have "0" inquires in the last 12 months

income 50k

now what my questions are

1.what is a good "average credit history?"

2.should i wait till all my inquires fall off at the end of 2014 or should i wait till mid 2013 where i will have "0" inquires in the last 12 months?

Re: i need advice,help,info!!

jamesdwi — Tue, 22 Jan 2013 04:11:45 GMT

Apply for any card you like with scores around 720 and 50k a year income and no baddies it would be highly unlikely you don't get instant approvals, I would recomend going for a revolver first since they are harder to get. If you are worried for some reason go for a charge card, then the revolver would be a soft pull unless you are approved then they do the hard pull.

Re: i need advice,help,info!!

mojobones89 — Tue, 22 Jan 2013 04:13:56 GMT

what im worried about are my inquries,i keep reading that after 12 months they have no affect on your score,so i do not know if i should apply after the 12 months or wait till they completely fall after 24 months.

Re: i need advice,help,info!!

beb86 — Tue, 22 Jan 2013 04:15:33 GMT

@mojobones89 wrote:
trying to get an american express

ex-721
tu-724
eq-722

9 credit cards=zero balance on all of them
total credit balance 14.1k

average credit history is 2 years
oldest accounts are 3.3 years

no negative,no baddies,no nothing

total inquires=10

2011 inq=6
2012 inq=4
2013 inq=august i will have "0" inquires in the last 12 months

income 50k

now what my questions are

1.what is a good "average credit history?"
2.should i wait till all my inquires fall off at the end of 2014 or should i wait till mid 2013 where i will have "0" inquires in the last 12 months?

Is this your have 14.1k in CL with $0 balance reporting? If so than I would say you could pretty much have a great shot at AMEX and depending on your needs could benefit from carrying one.

Re: i need advice,help,info!!

mojobones89 — Tue, 22 Jan 2013 04:16:18 GMT

and another thing is my average credit history...i do not know if 2 years is normal or if it will affect my chances of getting declined.

Re: i need advice,help,info!!

Anonymous — Tue, 22 Jan 2013 04:22:03 GMT

@mojobones89 wrote:
trying to get an american express

ex-721
tu-724
eq-722

9 credit cards=zero balance on all of them
total credit balance 14.1k

average credit history is 2 years
oldest accounts are 3.3 years

no negative,no baddies,no nothing

total inquires=10

2011 inq=6
2012 inq=4
2013 inq=august i will have "0" inquires in the last 12 months

income 50k

now what my questions are

1.what is a good "average credit history?"
2.should i wait till all my inquires fall off at the end of 2014 or should i wait till mid 2013 where i will have "0" inquires in the last 12 months?

A couple general thoughts...given the information in your post you wouldn't have any problem getting any of the AMEX charge cards (green,gold,plat) and would have a good chance with any revolving amex credit card (the blue series, etc).

The number of inquiries on your report is not excessive so I wouldn't worry about that. Amex is an experian puller, and if you are borderline for approval, there is a chance that they will pull all three.

Also, where did you get those scores? You can't purchase an ex fico so unless you got it directly from a lender it is not a fico score. Depending on where the and eq came from they may be fako's as well. The scores offered on this site are legit ficos and will give you a better idea as to exactly where you stand (eq moreso than tu as the the version sold on this site is a bit dated)

Also note that it is beneficial to your scores to let a small balance (1-9% of your limit) report on one card, but it is still good practice to pay in full, just do so after the statement closing date.

Hope this helps.

Re: i need advice,help,info!!

mojobones89 — Tue, 22 Jan 2013 04:23:09 GMT

i use USAA CREDIT MONITOR,shows all three for 6.95 a month.so you would say those scored provided are fako scores?

Re: i need advice,help,info!!

beb86 — Tue, 22 Jan 2013 04:23:28 GMT

I'd say you should be fine but to be safe you might want to go for a charge first.

Re: i need advice,help,info!!

Anonymous — Tue, 22 Jan 2013 04:24:27 GMT

To answer your other question,2 years is sufficient history for Amex to approve you.

Re: i need advice,help,info!!

pizzadude — Tue, 22 Jan 2013 04:24:36 GMT

Welcome to the forums !

If your report is clean as you described, I think that you could probably go ahead and apply now - I don't think that your inquiries would be an issue.

However the scores you mentioned are FAKO scores, so I woudn't rely on them.

Re: i need advice,help,info!!

beb86 — Tue, 22 Jan 2013 04:24:36 GMT

@mojobones89 wrote:
i use USAA CREDIT MONITOR,shows all three for 6.95 a month.so you would say those scored provided are fako scores?

Yeah I would pull your FICO's first before you ap

Re: i need advice,help,info!!

sakhalin070 — Tue, 22 Jan 2013 04:25:17 GMT

I was approved for an AMEX BCE without a prior relationship with AMEX with an AAoA of 2 years.

Re: i need advice,help,info!!

mojobones89 — Tue, 22 Jan 2013 04:26:26 GMT

even with an average credit history of 2 years?

Re: i need advice,help,info!!

mojobones89 — Tue, 22 Jan 2013 04:28:18 GMT

thats what im confused about,is it true after 12 months those inquiries dont have an affect no more,idk if Amex will see it that way or see all 10 inquiries within 2 years and be like,NOPE TOO MANY INQUIRIES in 2years,i dont want that to be my only factor of being declined

Re: i need advice,help,info!!

mojobones89 — Tue, 22 Jan 2013 04:29:06 GMT

those fako scores i mentioned normal?now im worried my fico scores may be lower LOL

Re: i need advice,help,info!!

mojobones89 — Tue, 22 Jan 2013 04:30:06 GMT

really?how did everything else look if you do not mind me asking.

Re: i need advice,help,info!!

mojobones89 — Tue, 22 Jan 2013 04:30:41 GMT

where would i get my fico scores?seeing that those scores are considered fako?

Re: i need advice,help,info!!

mojobones89 — Tue, 22 Jan 2013 04:33:16 GMT

btw thank you everyone for all help and advice!!!!!!!!!!!!!!!!!!!!!keep it coming,im learning so much!

Re: i need advice,help,info!!

Anonymous — Tue, 22 Jan 2013 04:34:01 GMT

@mojobones89 wrote:
thats what im confused about,is it true after 12 months those inquiries dont have an affect no more,idk if Amex will see it that way or see all 10 inquiries within 2 years and be like,NOPE TOO MANY INQUIRIES in 2years,i dont want that to be my only factor of being declined

Remember that those 10 inqs are spread across three reports and ymmv but it is likely that amex will only pull experian, which means that they wont be able the see the inqs from tu and eq.

Also, since your report is clean I highly doubt your ficos are below 700 with a 2 yr aaoa

Re: i need advice,help,info!!

mojobones89 — Tue, 22 Jan 2013 04:38:40 GMT

according to usaa credit monitoring i have 10 inq. in ex, 7 in TU, and 8 in EQ,so seeing i have 10 in ex and AMEX pulls ex then i guess im screwed?