@yankee01 wrote:Hi everyone,
Been peeking at these forums for a while now and finally created an account. Hit a huge milestone in my personal finances... got approved for the American Express Platinum (went with the classic and not one of the new art designs) this past Friday (9/23/22) and couldn't be more proud of myself. Started out on my 18th birthday being approved for the Discover it Chrome card, then the BofA Amtrak Guest Rewards, Capital One Venture One, and finally the Amex Platinum.
Getting the Platinum seemed like one of those goals that would happen after kids around 30-40 y/o, but never did I think it would happen this soon. I went on the Amex website to see 'pre-qualified offers' and sure enough the Platinum was the first one that came up after filling out the form. I've been working extremely hard to teach myself financial discipline over the past year or so... replenishing my savings, cutting back on unnecessary spending, getting my card balances to $0.00 each month, and I guess it paid off! (no pun intended)
I didn't do much research on the income requirements for the Platinum (before applying) but I guess I met them...
Not sure what else there is to achieve with my credit other than maybe one day getting the invitation for a Centurion... who knows?! This was pretty much a birthday gift at this point... turned 21 on 9/18 and got approved for the Plat on 9/23. My spending will stay the same (just move from my Venture to the Platinum) but I'm excited to take advantage of all the benefits, especially the lounge access!
Congratulations. But I don't think you should think of getting a credit card as a reason for pride.
Congrats!
Congrats to you and your credit knowledge at your age, i should have had a Capital One Platinum when i was that young lol.
Starting Score: 512
@calisig wrote:
@yankee01 wrote:
I didn't do much research on the income requirements for the Platinum (before applying) but I guess I met them...
Not sure what else there is to achieve with my credit other than maybe one day getting the invitation for a Centurion... who knows?! My spending will stay the same (just move from my Venture to the Platinum)
Congratulations.
Not sure what else there is to achieve with your credit? You could work on some of the premium credit cards. AE Platinum is a charge card, and those generally have lower underwriting requirements - which is why they are easier to get. And since charge cards don't have credit limits, they don't help increase your total limits for utilization purposes like credit cards do. By adding credit cards, you can increase your overall limits and improve your score through lower utilization.
Regarding moving spending from Venture to Platinum, absolutely do this for airline flights. But once you meet your Platinum SUB spend requirement, for all other spend you may earn more rewards value with your Venture card.
Good luck on your credit journey
Thank you for the congratulations. Over the next year I'll be focusing on getting the lines increased on my current cards, and then I'll see if I can get approval for something with a larger line of credit (to increase my overall revolving lines.)
@babygirl1256 wrote:Congrats on your Amex Platinum approval . . . and Happy Belated Birthday . . . hope it was a blast!!!
Thank you! It was a blast. 
@SouthJamaica wrote:
@yankee01 wrote:Hi everyone,
Been peeking at these forums for a while now and finally created an account. Hit a huge milestone in my personal finances... got approved for the American Express Platinum (went with the classic and not one of the new art designs) this past Friday (9/23/22) and couldn't be more proud of myself. Started out on my 18th birthday being approved for the Discover it Chrome card, then the BofA Amtrak Guest Rewards, Capital One Venture One, and finally the Amex Platinum.
Getting the Platinum seemed like one of those goals that would happen after kids around 30-40 y/o, but never did I think it would happen this soon. I went on the Amex website to see 'pre-qualified offers' and sure enough the Platinum was the first one that came up after filling out the form. I've been working extremely hard to teach myself financial discipline over the past year or so... replenishing my savings, cutting back on unnecessary spending, getting my card balances to $0.00 each month, and I guess it paid off! (no pun intended)
I didn't do much research on the income requirements for the Platinum (before applying) but I guess I met them...
Not sure what else there is to achieve with my credit other than maybe one day getting the invitation for a Centurion... who knows?! This was pretty much a birthday gift at this point... turned 21 on 9/18 and got approved for the Plat on 9/23. My spending will stay the same (just move from my Venture to the Platinum) but I'm excited to take advantage of all the benefits, especially the lounge access!
Congratulations. But I don't think you should think of getting a credit card as a reason for pride.
Thanks for the congratulations--but I do! I've had a rough financial history regarding my credit, depleting my savings, etc., and Amex has denied me multiple times for something as basic as the Blue Cash EveryDay... but after teaching myself discipline, working hard and getting a better job w/higher salary, etc. the fact that I was approved for the Platinum is just one of those little reminders that I'm doing a good job, and I'm proud of the progress I've made.
Not specifically having pride in just being approved for the card, but the journey that I got through in order to get here. That's all!
@yankee01 wrote:
@SouthJamaica wrote:Congratulations. But I don't think you should think of getting a credit card as a reason for pride.
Amex has denied me multiple times for something as basic as the Blue Cash EveryDay... but after teaching myself discipline, working hard and getting a better job w/higher salary, etc. the fact that I was approved for the Platinum is just one of those little reminders that I'm doing a good job, and I'm proud of the progress I've made.
FYI - it's harder to get approved for Blue Cash EveryDay than Platinum, because BCE is a credit card - so it is not surprising you were denied BCE before being approved for Platinum. So thinking you were denied for something "as basic as the BCE" is incorrect thinking - because from an underwriting point of view, BCE is higher level than Platinum. So if you are going to be impressed by someone's cards, be more impressed that they qualified for BCE than Platinum. But being able to afford Platinum AND make it worth while can be a physical reminder that you have made progress - enjoy
13Oct22 Exp F8: 812