Seeking AMEX Green Card-New User

[Anonymous]

Hello everyone!

First off, I've been searching for a good credit forum and I'm happy to see this one is always up to date in answering each other's questions.

I always wanted an American Express Card. In January, I was denied the Costco True Earnings Card. My partner, however, was approved. This was the first credit card I applied for. I have only one unpaid debt of 150 or so dollars and I have student loans of 20,000. My student loans will be in deferment until August of this year.

Now I was granted as an authorized user for my partner's Amex. While they are the primary, I run the finances for this card.

So far, since January, I never made a late payment nor have I ever carried a previous months balance over. I always pay in advance and keep my utilization down. I always have the money in my account so I just wait a day and pay it off through my phone app.

Since I started with AMEX, my score went from 682 to 718 on Equifax and from 672 to 701 on TU in the last month alone! I'm aiming to get a Green card in July.

I prefer a charge card since with my finances I don't need a credit card as I always have my balance paid in full at the end of the month. Basically, if I get approved, the credit card would be put back in case of an emergency until the card dies and I get the Citi-Visa from Costco.

So, at the rate I'm going, do I have a good chance of getting the Green card? Thanks for your time!

[Anonymous]

Welcome to the forum.. The plan explained above seem solid to me and you should be good to go in a few months.  I see you mentioned your scores from EQ and TU.  What about your EX?  Amex is known to pull EX for most people...  

Also, what was the reason Amex gave for your denial?

[JustBPatient]

IMO...I would app for the PRG rather than green.  The benefits are better, 50k signup bonus and AF waived first year.

[Anonymous]

I still need to check my EX. I'm going to check it here soon with the 1 dollar seven day trial. One of the reasons was the unpaid debt of 150. The other is simply I have no other credit save for a charge card I never used. Since I never used it, my account had over a year of credit but was seen as negative. AmEx was understanding of the student debt so that isn't something to worry about now.

Update: I went ahead and requested my free annual report from Experian. 

As as for other cards offered through Amex I see no need. The last time I flown in a plane was 2009 and my current job is stationary. Right now I want basic and eventually I'll want to build myself up further to perhaps a Gold Card Rewards a year or two down the line. 

Thanks everyone! Please don't hesitate in giving advice! Every reply helps!

[Anonymous]

Welcome to the forum. It sounds like you are going in the right direction, which is always a good thing.

- You stated your scores, where did you get them from (are they FICO or other)

- Just out of curiosity, what is your thought process in wanting the Green Card?

[CreditCuriosity]

Just a side note Amex also pulls EXP.

[Anonymous]

I thought you started a thread already -http://ficoforums.myfico.com/t5/Credit-Card-Applications/AMEX-Green-Card-Odds-New-User/td-p/3974192

Anyway, after a few months your chances of getting in with them will be better..

[MarineVietVet]

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@Anonymous wrote:

I thought you started a thread already -http://ficoforums.myfico.com/t5/Credit-Card-Applications/AMEX-Green-Card-Odds-New-User/td-p/3974192

Anyway, after a few months your chances of getting in with them will be better..

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Two threads now merged.

[Anonymous]

Fidelity Amex would be a good basic option.

[Anonymous]

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@Anonymous wrote:

Fidelity Amex would be a good basic option.

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Don't you have to have a Fidelity cash management account?