Re: Amex BCE Massive 7.5k SL!!!! (thin file)

Anonymous · ‎11-07-2019

Good evening everyone, just wanted to share with everyone what has been my crazy credit journey so far.

I’m a 19 year old student with a part-time job, ( which it seems most like a full-time), making around 30k a year that started this credit journey 1 year ago (pretty thin file). I began with a student cc from WellsFargo. To my surprise, they gave me a modest SL of $1200 for a person like me that did not have any prior credit history whatsoever and had just turned 18. Fast forward, March 2019, I received an offer from discover in the mail for another student cc, so in my mind I was like, why not? I went ahead and applied and got a tiny SL $500. Something is something.

Six months passed and my oldest account was one year and my Discover it was 6 months, so I decided it was good time to go for a chase card since I didn’t wanna go over the 5/24 rule. I went ahead and I applied and I got the 30-day message, which later turned into the frightful 7-10 day message. At the end, it was only a verification barrier that I was able to overcome after 23 days of faxing the so-called “too dark” documents. I got approved for 1.3k which to me, was an achievement since it was my first non-student credit card that had a “high” (for me) SL.

Well, that completely changed today when I started checking the Amex pre-qual site and I noticed I was pre-qualified for the Amex BCE.
At the moment of the app, I had a TU score of 724, EQ of 714, ( EX score is unknown to me) according to the Discover FICO score. Had less than 30% overall utilization across the board, and only 4 INQ on my EQ and 1 on TU. I’m assuming the score pulled was from EX since I did not see any addtl HP on Ck.

Anyhow, i applied while I was at my job, just to see, since I was already pre-qual ( I know it’s not guaranteed) and to my shocking surprise, not only was I instant approved, but also got a whooping, massive SL of 7.5k!!! My jaw dropped, and so almost did my phone. I was astonished that I was instantly approved for such a massive cl for me. I got goosebumps and everything.

Who would’ve thought that few days ago I was struggling to get a yes from chase for one of his cards and got excited for such a tiny SL, and days later I apped and got instantly approved for an Amex. I’m super happy now!! Thanks to the limit, my utili will probably fall below 10%.

Now, I will probably just stay away from cc apps for a little bit. Most likely will be let my two new cards age until I graduate from college sometime 2021.

I’m glad I was able to find this amazing forum where I can be advised by some experienced cc users that provide valuable guidance, so that this journey does not become unnecessarily difficult for new users like me.

AllZero · ‎11-07-2019

Congratulations on your approval!

grower1 · ‎11-07-2019

Congrats kiddo!! Way to go Wish I was as responsible at your age.

Anonymous · ‎11-07-2019

Congrats on your approval!

M_Smart007 · ‎11-07-2019

Congrats!!!

tbque · ‎11-08-2019

Congrats on the new AmEx BCE and nice SL!

BOA Customized Cash Rewards Visa Platinum Plus | $300

Navy Federal CU Refinance | $23,492 @ 5.29%

Capital One Auto Finance | $14,068 @ 9.12%

stonedog23 · ‎11-08-2019

As a 18 and 19 year old, those starting limits of 1.2K and 1.3K are not "modest" or small. You are way ahead of us old guys with your credit start. I wish I did make 30K when I was a college student. Congrats on that Amex and that limit, that's huge!

NFCU GoRewards Sig ($40,000), NFCU Cash Rewards ($40,000), PenFed Power Cash ($25,000), FNBO Evergreen Visa ($20,000), Bread Financial Rewards Amex ($21,150), PNC Cash Rewards ($18,400), PNC Cashbuilder ($18,700) , One Key Mastercard ($14,000), Citi Double Cash ($11,600), US Bank Cash Plus($10,000), Discover It Cash ($9000), Capital One Quicksilver MC ($9000), TD Cash ($8000), Bank of America. Unlimited Cash Rewards ($7500), Fifth Third Unlimited Cash Back Mastercard ($7500), Wells Fargo Active Cash Sig($7000), Apple Card ($6000), Amex BCE($6000), Amex ED($6600), X1 Card ($5000), PNC Points ($8000), Amex Cash Magnet($2000), Fifth Third Truly Simple ($4000), Truist Spectrum Cash Rewards($4500), Truist Bright Card($4500), CapOne Quicksilver(Bucketed @$1500 manually lowered to $500), US Bank Cash+ ($1,000), WF mortgage 195K Fico 8: EQ 778, TU 765, EX 758 FICO 9:EQ 829, TU 812, EX 791, AAoA-97 months, AoOA-28 years

Anonymous · ‎11-08-2019

Thank you so much everyone for your support and congrats messages!! I truly appreciate everyone. Thanks again for the encouragement to take the best possible financial decisions and to help manage credit wisely.