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Approved for First Amex Card (Cash Magnet) at 19

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Matthew1551
Established Member

Approved for First Amex Card (Cash Magnet) at 19

I just got approved for the Amex Cash Magnet with a CL of $2,000! I'm 19 and only a year and 3 months into my credit journey!

 

FICO:

EX 725

TU 732

Currently at 5/24 (Now 6/24) with my last approval being a CF at $2,500

Income about $30k

 

So currently my stack is:

PayPal Credit (Jan 19) $2,000 | Discover It (Mar 19) $1,500 | Closed Account (Jun 19) | Apple Card (Aug 19) $2,000 | Chase Freedom (Jan 20) $2,500 | Amex Cash Magnet (Apr 20) $2,000

 

My goal was to get in with Amex early and take advantage of the SuB with upcoming purchases! My next card is likely to be the CSP in March 2021. Thanks!

Current Wallet:



Message 1 of 35
34 REPLIES 34
CreditAggie
Community Leader
Super Contributor

Re: Approved for First Amex Card (Cash Magnet) at 19

Congratulations on your Amex Cash Magnet approval!

Current Cards (in order of approval):

         
Current FICO 8 | 9 (February 2024):  
Credit Age:  
Inquiries (6/12/24):  
Banks & CUs:

Message 2 of 35
M_Smart007
Legendary Contributor

Re: Approved for First Amex Card (Cash Magnet) at 19


@Matthew1551 wrote:

I just got approved for the Amex Cash Magnet with a CL of $2,000! I'm 19 and only a year and 3 months into my credit journey!

 

FICO:

EX 725

TU 732

Currently at 5/24 (Now 6/24) with my last approval being a CF at $2,500

Income about $30k

 

So currently my stack is:

PayPal Credit (Jan 19) $2,000 | Discover It (Mar 19) $1,500 | Closed Account (Jun 19) | Apple Card (Aug 19) $2,000 | Chase Freedom (Jan 20) $2,500 | Amex Cash Magnet (Apr 20) $2,000

 

My goal was to get in with Amex early and take advantage of the SuB with upcoming purchases! My next card is likely to be the CSP in March 2021. Thanks!


Congratulations!   .. What a start at a young age!!, and you have all the knowledge here at myFICOSmiley Happy

I wish I could turn back the time clock 35+ yearsSmiley Sad

Message 3 of 35
Anonymous
Not applicable

Re: Approved for First Amex Card (Cash Magnet) at 19

Congratulations on your success 

Message 4 of 35
Matthew1551
Established Member

Re: Approved for First Amex Card (Cash Magnet) at 19

@M_Smart007 
I'm very much a lurker here but I enjoy reading the stories and datapoints! Very happy with my approval and I'm hoping to get the Amex 3x CLI in a couple months from now!

Current Wallet:



Message 5 of 35
AllZero
Mega Contributor

Re: Approved for First Amex Card (Cash Magnet) at 19

Congratulations on your approval!
Message 6 of 35
EverForward
Established Contributor

Re: Approved for First Amex Card (Cash Magnet) at 19

Congratulations on your Amex Cash Magnet approval! Smiley Happy

Message 7 of 35
Anonymous
Not applicable

Re: Approved for First Amex Card (Cash Magnet) at 19


@Matthew1551 wrote:

... So currently my stack is ...


That you have a "stack" is amazing! Smiley LOL I don't even care what they are. Smiley Wink You're on the road ...

Congrats! on your approvals. Smiley Happy

 

Message 8 of 35
Matthew1551
Established Member

Re: Approved for First Amex Card (Cash Magnet) at 19


@Anonymous wrote:

@Matthew1551 wrote:

... So currently my stack is ...


That you have a "stack" is amazing! Smiley LOL I don't even care what they are. Smiley Wink You're on the road ...

Congrats! on your approvals. Smiley Happy

 


I'm trying to be methodical about my approvals. This isn't the card I really wanted but it's the card I need to get in good with Amex and build history. It's the long game.

Current Wallet:



Message 9 of 35
gdale6
Moderator Emeritus

Re: Approved for First Amex Card (Cash Magnet) at 19

Congrats, you are the same age when I got mine many years ago. Dont do business with them now though.
Message 10 of 35
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