Approved for AMEX Gold

[Anonymous]

I made the dumb mistake and applied for the Amex gold. It popped up as a 'matched for you' on Experian (as well as CK) and bit the bullet for 75k and $200 on home improvement. Why is this dumb? I have one card that I'm struggling to pay off. 12k USAA with thankfully okay interest rates at ~12% but still $130 a month in interest. I decided to make it my 'primary' card to effectively lower my interest charged and this card will take away some of the spend. Oh well, I have six months for 4k of spend.

Anyways, I'm excited. I had my eyes on the gold for a couple months. 

Data points! Not the greatest. Exp 701, TU 698 Exp 678 

A couple late fees from 2017. As of today, I'm at 27%, big shout out to NFCU for giving me 20k back in January! I was right at 50% when I got the More Rewards and it gave me a 20 point swing on my score. 

[TampaBAY86]

Congrats on the Amex Gold @Anonymous!  That is a great SUB! 

I'm sure you will love the card.  It is my most used card by far.  Make sure you use the credits, and keep an eye on the Amex offers to when possible. 

[AllZero]

Congratulations on your approval!

[AlanGJP]

Congrats on your approval! Just be careful if you're already having trouble paying off your USAA. Building credit can be fun, but if you're not careful it can be a 7 year hole you dig at every day until you're finally out of. Last thing you want is to fall back in.

[Credit4Growth]

Congratulations on your Amex Gold approval! 👌 

...and GO NAVY!!!

[Anonymous]

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@AlanGJP wrote:

Congrats on your approval! Just be careful if you're already having trouble paying off your USAA. Building credit can be fun, but if you're not careful it can be a 7 year hole you dig at every day until you're finally out of. Last thing you want is to fall back in.

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That's not an issue. I have good system in place with YNAB that I won't get in any more trouble. I'm down about 5k since October and USAA was always the last card to pay off. Now I'm just enjoying the credit card game. I got in a little bit of credit troubles while in school after I got out the military so I'm just now able to focus on my finances.

But I figured if I cycled through the remaining credit on my USAA card, the 3k a month in spend I were to put on it would effectively have a greater net positive than the cash back I would get on my other cards. 

[M_Smart007]

Congratulations on your AMEX Gold approval!

[Mr_Mojo_Risin]

Congrats on your approval and a handsome SUB! Cheers 

[Anonymous]

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@Anonymous wrote:

I made the dumb mistake and applied for the Amex gold. It popped up as a 'matched for you' on Experian (as well as CK) and bit the bullet for 75k and $200 on home improvement. Why is this dumb? I have one card that I'm struggling to pay off. 12k USAA with thankfully okay interest rates at ~12% but still $130 a month in interest. I decided to make it my 'primary' card to effectively lower my interest charged and this card will take away some of the spend. Oh well, I have six months for 4k of spend.

Anyways, I'm excited. I had my eyes on the gold for a couple months. 

Data points! Not the greatest. Exp 701, TU 698 Exp 678 

A couple late fees from 2017. As of today, I'm at 27%, big shout out to NFCU for giving me 20k back in January! I was right at 50% when I got the More Rewards and it gave me a 20 point swing on my score. 

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Congratulations on your approval! I'd be excited when my CS attain what yours are. But we are each in the Credit Build/Rebuild Journey at different points along the path. 🙏🏻 Enjoy your new card responsibly and I'm sure you'll manage to get your balances and utilization down soon! 🏆

[CreditAggie]

Congratulations on your Amex Gold approval!