Is my file too thin to apply for an amex card?

[Anonymous]

Hello everyone first post here looking for advice. On last june i started to get into the credit world from which i knew nothig about. After reserching a little bit i applied for a discover it student and was approved for a 1,250 cl. To my surprise, I already had a fico score because of student loans im currently repaying which was 675(transunion, Discover fico), the score jumped to 715 after discover started to report. So far i have no missed payments on my loans or discover card. My question is how good or bad are my odds for an approval of an amex cash magnet or amex everyday card? Should i try to apply  or wait until my  revolving credit history gets better?

Relevant information:

Annuel Income: 18k

Credit Utilization: 5%

Late Payments: 0

Derogatory marks: 0

Credit History: 1yr 6

Total accounts: 4(3 student loans)

   Student loan #1: 3yrs

   Student loan #2: 1yr 11

   Student loan #3: 10mos

   Discover it Student: 2mos

Hard Inquiries: 

   Transunion:  3

   Equifax       : 1

   Experian     : 2

Fico Scores: 715 tu, 718 experian

Credit karma: 724 equifax(If there is a cheap way i can see my actual fico score pls share lol)

[Pikaboo-icu]

Welcome to My Fico..

AMEX has a prequal site..

You can enter your info, with no HP and see if you're prequalified for anything..

Can check all your score for $1. just cancel within 7 days.. creditchecktotal

CHEERS

[Medic981]

Welcome to the myFICO forums!

From what I understand, Amex is ok with thin files just as Discover. So this would be a good time to apply.

[Anonymous]

Amex, along with Discover, are actually 2 of the more friendly major lenders to thin files, go on Amex prequal and see what you see.

[Anonymous]

IME, Amex is the easiest prime lender to get in with when you have a thin (but clean) profile. I don’t think you’ll have trouble getting approved for the CM or ED based on your stats.

[Anonymous]

Welcome to the credit card game!  

Just as the others have said, if you are looking to get into the AMEX world, they are the easiest. Based on your numbers I would say you should get approved with no problem. I would use the prequal tool they have so that you will make sure you are making the correct choice in cards, but if I were you, I would start thinking about which benefit I wanted. You are going to probably qualify for every credit card they have - the charge cards are going to need some history, but start thinking about benefits and rewards. 

[Anonymous]

I myself went for the BCE card from Amex to start.
I believe that charge cards are easiest to get approved for, but the BCE is great for cash back, and ED is good for MR travel points.
These two cards are the Amex core cards.

[Anonymous]

Amex gave me $10k starting limit with thin file. And I used the 3X CLI using the information here after 61 days she got 30k CL.

[AverageJoesCredit]

Not everyone will get 10k though nor a 3x in first 60 days. As stated above. Amex is a good lender to start with if your file is clean. Go for the card you would use not just one to get in though. Dont get stuck applying for a card because you read its easiest to get

[Anonymous]

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@AverageJoesCredit wrote:
Not everyone will get 10k though nor a 3x in first 60 days. As stated above. Amex is a good lender to start with if your file is clean. Go for the card you would use not just one to get in though. Dont get stuck applying for a card because you read its easiest to get

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+1

AMEX is a great card to start building a good history with. When I was approved for my first AMEX card, my oldest opened account was 6 mos. I did not receive a high SL, but I kept using it and always PIF and a year and half later, it is my highest limit card to date. Check the prequalification page before pulling the trigger, and what AJC said, choose the card that will benefit you the most.