AMEX charge card question

[Anonymous]

Hi everyone, 

Very new to this forum and id really appreciate your help. Im 21 years old with a short credit history (a little shy of two years). Im really set on getting the AMEX Platinum charge card and id like your help on when to apply. 

As of today FICO 8 scores: 717 Ex - 743 TU - 726 Eq.

I have twp credit cards: one BoA that started as a secured card for a year then went unsecured for almost a year now (1000 limit). and a Discover card for almost a year now (500 limit) 

Annual Income about $75-80k

No "baddies" except for the fact that i have 10 inquiries over the past 2 years and obviously a relatively short credit history.

*One of the inqurires was for an AMEX credit card a year ago.

I really want the Platinum Charge card as I travel very often and would enjoy the rewards and general benefits. I dont mind the AF. Do you think i stand a good chance? what can i do to make sure i have a better shot. 

Thank you so much. 

[OmarGB9]

I think you have a good shot with your high income and high scores, although 10 inquiries in 2 years is quite a bit for a thin file. Not sure how Amex would take that. Perhaps someone else with a bit more Amex experience can chime in.

[Anonymous]

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@OmarGB9 wrote:
I think you have a good shot with your high income and high scores, although 10 inquiries in 2 years is quite a bit for a thin file. Not sure how Amex would take that. Perhaps someone else with a bit more Amex experience can chime in.

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Thanks. Yeah the low credit and the 10 inquiries are the things that are worrying me most. Although the last inquiry was almost a year ago..

[WLRK11]

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@Anonymous wrote:

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@OmarGB9 wrote:
I think you have a good shot with your high income and high scores, although 10 inquiries in 2 years is quite a bit for a thin file. Not sure how Amex would take that. Perhaps someone else with a bit more Amex experience can chime in.

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Thanks. Yeah the low credit and the 10 inquiries are the things that are worrying me most. Although the last inquiry was almost a year ago..

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After reading your original post, and the two replies, I'd say that you have a good chance. Somewhere on this forum, I read that the underwriting criteria is the same for all of AMEX's charge cards. 

Are you an active American Express cardholder? Good luck!

[UncleB]

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@WLRK11 wrote:

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@Anonymous wrote:

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@OmarGB9 wrote:
I think you have a good shot with your high income and high scores, although 10 inquiries in 2 years is quite a bit for a thin file. Not sure how Amex would take that. Perhaps someone else with a bit more Amex experience can chime in.

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Thanks. Yeah the low credit and the 10 inquiries are the things that are worrying me most. Although the last inquiry was almost a year ago..

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After reading your original post, and the two replies, I'd say that you have a good chance. Somewhere on this forum, I read that the underwriting criteria is the same for all of AMEX's charge cards. 

Are you an active American Express cardholder? Good luck!

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With your credit scores and income, I would go for it.  For the Amex charge cards, your spending ability isn't based on the 'color', just the perks.  Somebody with a Green card who makes 300K a year will have a higher spending ability than a Platinum cardmember with an income of $40K.  Case-in-point, it's well known that Warren Buffet carries a Green card, and I'm sure his spending ability is well above that of most platinum cardmembers. 

For reference, my file is a bit thicker than yours (AAoA is 4.8 years), but I was approved for my Green card with a EX FICO of 695, and income quite a bit lower.  Nothing is guaranteed, but there's only one way to know for sure...

[Anonymous]

I agree with some of the posts above. It sounds like you would be highly qualified for amy charge card since they have the same criteria. Do you have any pre qual offers on Amex's site btw?

[CreditCuriosity]

I don't forsee you having any issues.. Amex likes small and clean files along with decent income.  I would say you are a shoe in with them for any card you woud like from them.

[Anonymous]

Did you app yet?

[Anonymous]

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@WLRK11 wrote:

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@Anonymous wrote:

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@OmarGB9 wrote:
I think you have a good shot with your high income and high scores, although 10 inquiries in 2 years is quite a bit for a thin file. Not sure how Amex would take that. Perhaps someone else with a bit more Amex experience can chime in.

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Thanks. Yeah the low credit and the 10 inquiries are the things that are worrying me most. Although the last inquiry was almost a year ago..

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After reading your original post, and the two replies, I'd say that you have a good chance. Somewhere on this forum, I read that the underwriting criteria is the same for all of AMEX's charge cards. 

Are you an active American Express cardholder? Good luck!

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No i am not. Given the feedback, i think ill apply once im back in the states in a few weeks' time. thanks for your help.