topic Re: Yet another AMEX question in Credit Cards

Yet another AMEX question

dddfresh — Sat, 06 Apr 2013 00:12:17 GMT

With my current profile, I am 99% positive I wouldnt be approved for any AMEX card. However, when I was younger, my Mom had me as an authorized user on her AMEX card to help me establish some credit before I was 18. If I had only listened to her, and paid my bills on time, I wouldnt be such a credit screw up! Anyways, the AMEX is still on my credit report as paid and current, but my mom ending up closing the card a few years back when real estate got slow and she fell a little behind.

The card was closed with a 28,000 balance on a 35,000 limit. She has since paid it off to my knowledge. my two questions are:

1. Does this hurt me in any way because of the high balance? Even though she never missed a payment. To be honest, I believe Amex closed the account on her because of the balance. It is by far my oldest account and is helping me in that category, so I dont want to remove myself because of that.

2. Would this past relationship with my mom/amex/me as AU, help me in any way to be approved for a card in the future? I have heard Amex doesnt take AU into account on approving or underwriting guidelines.

Any opinions are appreciated. I have a long ways to go before I apply, but I was curious about this past relationship. THanks!

Re: Yet another AMEX question

dddfresh — Sun, 29 Sep 2013 03:38:59 GMT

Can a mod delete this? No one has replied in months or ever for that matter

Re: Yet another AMEX question

youngandcreditwrthy — Sun, 29 Sep 2013 03:41:06 GMT

I think it would help ya. A $28k bal paid in full?
Looks good to me lol :-p

Re: Yet another AMEX question

SnackTrader — Sun, 29 Sep 2013 12:53:19 GMT

You said it reports as paid and current, but it is a closed card?

I think I need more information on EXACTLY how it reports to figure out if it is hurting you or not.

Is it closed, open, paid, unpaid, late, never late? The more info about what the bureaus say, the better.

Re: Yet another AMEX question

Kenny — Sun, 29 Sep 2013 13:22:09 GMT

Wouldn't this be a great thing for when you actually do get an Amex.. they will be able to show you as a member since then, correct?

Re: Yet another AMEX question

navigatethis12 — Sun, 29 Sep 2013 13:44:36 GMT

I would say if it wasn't in your name then it won't help you in obtaining an American Express card in the future.

Re: Yet another AMEX question

youngandcreditwrthy — Sun, 29 Sep 2013 13:47:00 GMT

Now you got some responses...
3 2 1... GO!

Re: Yet another AMEX question

dddfresh — Sun, 29 Sep 2013 17:01:12 GMT

Haha thank you. I got the green card a few months ago!

Re: Yet another AMEX question

TheClub — Sun, 29 Sep 2013 17:49:29 GMT

@dddfresh wrote:
Haha thank you. I got the green card a few months ago!

Were you able to get the card backdated?

Re: Yet another AMEX question

dddfresh — Sun, 29 Sep 2013 20:24:09 GMT

Yep :-D added a few points to my score and AAOA