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AMEX

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AMEX

Approved like 5 minutes ago! I have some baddies like foreclosure from early 2010, delinquents from before 2010 when I was laid off.  I paid off all my debts mostly student loans about a year ago using Dave Ramsey but the mytmmo forum folks would probably not understand opening new credit so I thought I would get some advice and celebrate over here.  I just am so happy because I was getting dings on CR because of low credit limits.   I started traveling for my job recently so this is going to be a big help! 

 

Update: I was approved for Amex Platinum 9/9/2016. This is posted on page 2.   

 

TU 791| EQ 795 | EX 784
As of 06/01/2019: 818 Eq 797 TU 821 Ex
As of 11/26/2019: 838 Eq 834 TU 848 Ex
Message 1 of 20
19 REPLIES 19
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Established Member

Re: AMEX

Awesome! Which card did you get? What is the credit limit?

We as a family love Dave Ramsey. We follow him. We also started applying for credit cards to use to pay bills, gas and groceries. We don't spend a lot. And then pay it off at the end of the month. We have racked up 200.00 in rewards alone in one month. I will cash it out and get a check for it as well. 

My advice: Pay off cards if you can or unless it's interest free up until that time, then pay it all. Don't pay interest or else it won't be worth the rewards. Don't rack up charges too fast, it will be hard to pay off. Pace yourself. A little at a time and stay discipline. 
For us with 4 credit cards that doesn't mean free money. It's money that needs to be paid back. We keep this in mind when spending on anything. 

Stay on a budget even with a credit card. We use YNAB (google it) to budget and not overspend. We want a big savings account not tons of debt. Hope that helps! 

Chase Disney | Chase Freedom | Capital One Quicksilver | American Express Blue Cash | American Express TrueEarnings
Message 2 of 20
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Contributor

Re: AMEX

So it is the basic AMEX green card and from what they said, there is no preset monthly limit. Also, I love that you and your family love Dave Ramsey.  I feel like I have found a kindred spirit.  Great advice! I definitely pay in full monthly and avoid interest.  I have my fully funded emergency fund and a traveling sinking fund from my reimbursements.

TU 791| EQ 795 | EX 784
As of 06/01/2019: 818 Eq 797 TU 821 Ex
As of 11/26/2019: 838 Eq 834 TU 848 Ex
Message 3 of 20
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New Visitor

Re: AMEX

HI,  I am so happy for you. I too had some credit problems and a low credit score.  I was working on it and in 2013, I was offered the AMEX Gold card and was accepted.  Yeah!  I was so excited.  I enjoyed the last 2 years purchasing and paying it on time.  I just got approved and accepted to go platium yesterday!!!  I am moving on up. 


@loyalsudz wrote:

So it is the basic AMEX green card and from what they said, there is no preset monthly limit. Also, I love that you and your family love Dave Ramsey.  I feel like I have found a kindred spirit.  Great advice! I definitely pay in full monthly and avoid interest.  I have my fully funded emergency fund and a traveling sinking fund from my reimbursements.


 

Message 4 of 20
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Contributor

Re: AMEX

HI,  I am so happy for you. I too had some credit problems and a low credit score.  I was working on it and in 2013, I was offered the AMEX Gold card and was accepted.  Yeah!  I was so excited.  I enjoyed the last 2 years purchasing and paying it on time.  I just got approved and accepted to go platium yesterday!!!  I am moving on up. 


@loyalsudz wrote:

So it is the basic AMEX green card and from what they said, there is no preset monthly limit. Also, I love that you and your family love Dave Ramsey.  I feel like I have found a kindred spirit.  Great advice! I definitely pay in full monthly and avoid interest.  I have my fully funded emergency fund and a traveling sinking fund from my reimbursements.


 Congratulations!  I hope to have those same offers in due time.  This gives me hope!  Thank you!

TU 791| EQ 795 | EX 784
As of 06/01/2019: 818 Eq 797 TU 821 Ex
As of 11/26/2019: 838 Eq 834 TU 848 Ex
Message 5 of 20
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Super Contributor

Re: AMEX

Good job and congrats..

Message 6 of 20
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Contributor

Re: AMEX


@loyalsudz wrote:

Approved like 5 minutes ago! I have some baddies like foreclosure from early 2010, delinquents from before 2010 when I was laid off.  I paid off all my debts mostly student loans about a year ago using Dave Ramsey but the mytmmo forum folks would probably not understand opening new credit so I thought I would get some advice and celebrate over here.  I just am so happy because I was getting dings on CR because of low credit limits.   I started traveling for my job recently so this is going to be a big help! 

 

 


Wow, congratulations - that's so wonderful! My sister and her husband love Dave and swear by him.

 

Keep up the good work. Smiley Happy


(7/2015) EX FICO: 746 EQ FICO: 716 TU FICO: 699
AAoA: 4.0 yrs UTIL: 24% 2015 GOAL: 720+ across the board
Message 7 of 20
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Moderator

Re: AMEX

Grats on your Amx approval Smiley Happy

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 8 of 20
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Senior Contributor

Re: AMEX

Congrats on the approval!

Message 9 of 20
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Established Contributor

Re: AMEX


@loyalsudz wrote:

So it is the basic AMEX green card and from what they said, there is no preset monthly limit. Also, I love that you and your family love Dave Ramsey.  I feel like I have found a kindred spirit.  Great advice! I definitely pay in full monthly and avoid interest.  I have my fully funded emergency fund and a traveling sinking fund from my reimbursements.


Just remember - you have a charge card and not a credit card. You really have no choice in the matter but to pay the entire balance off monthly. No pre set spend limit means just that. It does not mean that there is not a cap on how much you can put on the card in any given month. Also, it can vary from month to month, week to week, day to day depending on the Amex algorithm.

 

You have to ask "Would Dave really approve of me having a charge/credit card to begin with?"

Over $200,000 in credit across 12 cards.

FICO ranges from 791 -824 as of 07/26/2019
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