Amex at six months credit history

[Anonymous]

I'm with CAPTOOL ! App and let us know.

[Anonymous]

I just applied a couple of minutes ago and I was approved !! Amex BCE with a 2,000 limit, my highest and only my second card. Thank you all!! 

[Anonymous]

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@Anonymous wrote:

I just applied a couple of minutes ago and I was approved !! Amex BCE with a 2,000 limit, my highest and only my second card. Thank you all!! 

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Rock on!!!

[Anonymous]

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@Anonymous wrote:

I just applied a couple of minutes ago and I was approved !! Amex BCE with a 2,000 limit, my highest and only my second card. Thank you all!! 

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Congrats Dark! Sign up that online account and see if you have any good offers.

[CreditDunce]

Congrats on the approval.  That is a nice limit for your second ever card.

Before it reports, I think I would apply for one more card.  It would get you to three credit cards.

Also, if you do not have any installment loans and a little extra cash, I would open a shared secured installment loan.  Say $500 with a 4 year term.  They will give you back your $500.  Then pay the load down to $50.  Then just make small payments over the next couple of years, making darn sure you are never late (your payment will not be due for several years).  It should give you a little boost for your credit score over the next couple of years.

[Anonymous]

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@CreditDunce wrote:

Congrats on the approval.  That is a nice limit for your second ever card.

Before it reports, I think I would apply for one more card.  It would get you to three credit cards.

Also, if you do not have any installment loans and a little extra cash, I would open a shared secured installment loan.  Say $500 with a 4 year term.  They will give you back your $500.  Then pay the load down to $50.  Then just make small payments over the next couple of years, making darn sure you are never late (your payment will not be due for several years).  It should give you a little boost for your credit score over the next couple of years.

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Thank you!! When do you think it will report? I'll definitely think about apping for a second card but I was just wondering how much time i have to decide. 

[CreditDunce]

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@Anonymous wrote:

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@CreditDunce wrote:

Congrats on the approval.  That is a nice limit for your second ever card.

Before it reports, I think I would apply for one more card.  It would get you to three credit cards.

Also, if you do not have any installment loans and a little extra cash, I would open a shared secured installment loan.  Say $500 with a 4 year term.  They will give you back your $500.  Then pay the load down to $50.  Then just make small payments over the next couple of years, making darn sure you are never late (your payment will not be due for several years).  It should give you a little boost for your credit score over the next couple of years.

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Thank you!! When do you think it will report? I'll definitely think about apping for a second card but I was just wondering how much time i have to decide. 

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It used to take 1-2 months.  It would report soon after either your first or second statement depending on how quickly the first statement cut. 

 However, in the past couple of months, Amex has really slowed down in reporting my monthly balances.  I don't know if the first report will also be slower or not.

I think you have some time to think about your options before applying for anything else.  Don't rush.   You really want to start a life time relationship with your first couple of credit card companies.

[newhis]

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@Anonymous wrote:

I just applied a couple of minutes ago and I was approved !! Amex BCE with a 2,000 limit, my highest and only my second card. Thank you all!! 

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When you get the card, you can ask online for a credit limit increase. You may get your card to 6,000. Some people get 3X increase at activation, others do not. If they deny you can ask again after 3 months. Good luck.

My ED was 2K in January and now it is a 15K card (didn't ask for 18k, I think 15k is a good limit, my plan is to be at 1X-1.5X reported income). I asked for 6k soon after activation and got it.