Second Credit Card --- First Amex? College Student

[Anonymous]

Hello All! 

I was hoping to get some advice regarding what to do in terms of getting a second credit card. My credit history is 6 months old (began in September with a student loan (subsidized) ) and I got my first credit card - Discover it secured with a $500 limit back in December. 

I am now generating a FICO score -695- which I got from Discover.

I was hoping to get an Amex as my second credit card and am open to almost anything in their lineup --- I'm leaning towards the charge cards (PRG) just because I know their underwriting is a little more lenient than their revolvers. I was wondering if 6 months is enough history to apply with, should I wait say three more months? Will it make a difference? 

Also, if you have any experience apping for an Amex as a college student please share, I'd love to hear it! 

Thank you to all in advance! 

[jawbrkr]

I can tell you this. I have not had access to credit in years. Everything bad on my record has since disappeared. So about 3 weeks ago I decided to get back into the credit card thing. Off the bat I applied to 3 cards. One of them was through Amex. I was so hesitant as I always figured an amex card would be almost impossible to get..especially with no credit history. So I applied anyway. They asked for my permission to request a copy of my most recent tax returns..perhaps to verify my salary. I gave them permission. I expected a denial. About week later, perhaps less, I was approved for Amex EveryDay card with a $5000 limit. I was floored. Totally unexpected. Maybe my salary had something to do with it. I earn just under 70k a year. I got that with no credit history. You have 6 months history and probably have a better chance. Good luck if you go ahead and apply.

[chalupaman]

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@Anonymous wrote:

Hello All! 

I was hoping to get some advice regarding what to do in terms of getting a second credit card. My credit history is 6 months old (began in September with a student loan (subsidized) ) and I got my first credit card - Discover it secured with a $500 limit back in December. 

I am now generating a FICO score -695- which I got from Discover.

I was hoping to get an Amex as my second credit card and am open to almost anything in their lineup --- I'm leaning towards the charge cards (PRG) just because I know their underwriting is a little more lenient than their revolvers. I was wondering if 6 months is enough history to apply with, should I wait say three more months? Will it make a difference? 

Also, if you have any experience apping for an Amex as a college student please share, I'd love to hear it! 

Thank you to all in advance! 

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You can definitely try now. Nothing to lose. You can even go for 1 charge and 1 revolver in one day on one HP.

[Anonymous]

I forgot to mention originally, I will be reporting income of about $10,000 --- not sure if this sways anyones opinion in either direction but may as well have it out. 

[chalupaman]

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@Anonymous wrote:

I forgot to mention originally, I will be reporting income of about $10,000 --- not sure if this sways anyones opinion in either direction but may as well have it out. 

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I think I've heard about someone with that income who was able to get over their income in credit from Amex or something. You never know. 

[Anonymous]

Do you think I stand to gain anything by waiting? Also does it matter if my credit card is only 3 months old while my student loans are whats older? 

[chalupaman]

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@Anonymous wrote:

Do you think I stand to gain anything by waiting? Also does it matter if my credit card is only 3 months old while my student loans are whats older? 

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I assumed your CC was also 6 months. I'm honestly not sure in that case, but I always thought they also liked to see 6 months of revolving credit history but since you generated a FICO apparently, that raises a few questions. Just to be safe, probably give it some more time.

[Anonymous]

I got a student loan in September (six months ago) which began my credit history and only got my first credit card in December (three months ago)

[Anonymous]

Just got approved for the ED with 6 months history.

[orestrus]

for how much?