topic Re: What should I apply for only 6 months history in Credit Cards

What should I apply for only 6 months history

Anonymous — Mon, 28 Oct 2013 03:39:33 GMT

I have 7 months history now.

I have two secured credit card, PNC with 750 Limits, WSFS(a local bank) with 500 Limits. PNC has 7 months history, WSFS has 5 months

And just got approved by Paypal smart connect this month with a 800 limits

EQ664 TU683 EX674 inquiry: 1,2,4

total balance 650 out of 2000

What card do you think is my option? I would like a AMEX, but Amex Zync is closed forever now. do you guys think i should go head and take a chance for amex platinum ?

Re: What should I apply for only 6 months history

mnavas — Mon, 28 Oct 2013 03:46:16 GMT

You might qualify for an AMEX charge if you don't have any baddies on your reports.... just when applying make sure your utilization is <30% You can also try Cap 1...

Re: What should I apply for only 6 months history

09Lexie — Mon, 28 Oct 2013 04:20:59 GMT

Welcome to the forum. I would suggest slowing down. You've opened 3 new TLs in less than 7 mos. use your current cards so that they show positive pyt history and refrain from apping for at least 6 mos before going for an Amex.

Re: What should I apply for only 6 months history

B335is — Mon, 28 Oct 2013 04:25:12 GMT

You can see if you're pre-qualified for an Amex charger:

http://www304.americanexpress.com/getthecard/home

But you may want to take it easy until you have 12 months history on your cards.

Re: What should I apply for only 6 months history

Anonymous — Mon, 28 Oct 2013 04:26:27 GMT

Anything you apply for at the moment will probably only get you a toy limit card and a lowered AAoA.

Re: What should I apply for only 6 months history

Anonymous — Mon, 28 Oct 2013 04:29:29 GMT

what is a AAoA ??

Re: What should I apply for only 6 months history

09Lexie — Mon, 28 Oct 2013 04:32:57 GMT

OPs AAOA ( average age of accounts) is non-existent with the new TLs. Assuming, of course no other TLs ie SLs, installment accounts

Here's a thread that might help you:

http://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/td-p/88458

Re: What should I apply for only 6 months history

Anonymous — Mon, 28 Oct 2013 04:40:09 GMT

You should keep utilization below 10% and once lower balance has reported you could apply for CapItal One and Amex card. If you apply for too many cards then you would have too many low limit cards. Best card now would be Amex because 3x credit limit increase after 61 days.

Re: What should I apply for only 6 months history

chwebb1 — Mon, 28 Oct 2013 04:47:37 GMT

IMHO, I don't think that the OP would be likely to be approved for an Amex revolver with 6 months of history. I could always be wrong, though.