Sorry, I had posted a lot of this info earlier on a different thread, and I didn't want to just end up duplicating a thread. I was more interested in knowing how AMEX might interpret the student vs. employed income source.
For a better feel though, I have 3 Accounts in Good Standing, with credit util sitting at 5%. No negative items (nothing in collections, no lates, etc), 2 credit inquiries, only 9mo AAoA. I'm not currently sure what my EX FICO scores are, and my only indications of my credit standing with EX are FAKO scores. I'm not really interested in shelling out to get my actual score, knowing what my report looks like.
I do recognize that the PRG is a charge card and not a CC, but the PRG has benefits that I haven't found with any other CCs, especially with the update to the card come June. The only other card that I think really competes with the PRG is the CSP, but as someone who doesn't have a very long AAoA, or any cards with CLs >$5000, I don't have much faith in being able to be approved for a CSP (and currently, I'm not looking to get in with Chase Freedom either, because I'd like to start with a high CL with them, and don't want to have to worry about HPs every time I ask for a CLI). I travel a fair bit (I fly home a couple times a year, as well as take a couple flights a year from the east coast out to California), and pay for those tickets myself, so 3x airfare is huge, as well as the $100 credit that will soon come with the card. While I don't go grocery shopping very much, I do eat out a bit and so the addition of the 2x for dining with the PRG is big as well. The 50000 MR points bonus with only $1000 spend greatly outweights the AF of the card, and that is already waived for the first year, and when the AF needs to be paid, I will have already graduated and hopefully will have found a stable income at that point, so I'll be earning rewards to outweight the AF. I understand that high spending is something that usually is one of the few reasons to justify the PRG, and that isn't something I will necessarily be doing early on. However, I would like to get in with AMEX, even if backdating isn't going to occur with their cards anymore, and obviously I'm not looking to get the Platinum, but the Gold or Green cards don't offer adequate awards for me to feel like I'd be better off applying for those (especially with the MR bonus). In addition, many of the AMEX CC's don't offer rewards categories I find particularly relevant (most are in gas/groceries, things I spend very little money in. I probably won't spend much money on gas at all, as I live in cities where I don't need to own a car).
Sorry for such a huge response, but it's definitely something I've considered and would really like at this point. I just don't want to hurt my chances at all by either saying I'm a student (if they consider students risky), or by saying I'm employed with a low income (which might be a red flag, questioning why my income is so low). I know though as a 20 year old, that they obviously don't expect me to have a 6 figure income.
If you spent the time to read this, thanks! XD I really appreciate everyone's input and am just trying to learn and grow as much from this so that I can give back when I feel like I know something!
Thanks though, I do appreciate your assistance! 
