So I got a letter from AMEX saying that I was pre-approved for AMEX GC. I am a noob when it comes to CCs, but I really want to get into AMEX family. Is GC a good start? I think fees are a bit high though
I checked their pre-approval site and I am pre-approved for GC, Cash magnet and everyday. WHat card should I app for? Any idea on how generous AMEX are with their SLs? I really don't want another slow moving card. If I get a lower SL, can I ask them to reconsider? What FICO score and CBAs AMEX pull from?
I really need a good SL credit card since I am getting married pretty soon. Any other cards you suggest?
AAoA 4 years
3 enquiries on EX, 0 TU, 1 EQ
BofA - $7900 limit
Cap1 Plat - $3850
Cap1 QS - $3500
Student loan - $11698 remaining
1 Citibank charge off - over 2 years ago
3 30 days late BofA - over 3 years ago
Income - $90000
Thank you everyone for quick reply!
Congratulations in your pre-qualification.
The Gold Card from American Express is a charge card, not a credit card. There is no interest rate or revolving debt as you are required to pay your monthly statement in full.
The card has no pre-set spending limit and as such your charging ability will be adjusted over time as you use and pay the card regularly. This internal limit is known only to the company, but is generally 3X your normal monthly spend. I would guess your starting limit would be around 5k, but you can check your spending power online in your account at any time.
Please read the list of benefits and rewards for the card before applying to ensure it fits your needs.
Oh if I have to pay it back every month, than I believe it's not for me! I am just looking for a card with good SL to use for my wedding. I will have to carry the balance for a couple of months. I guess I will have to go with everyday then!
So, I apploed for an Amex Cash Magnet out of the blue Sept 20th this year. I was approved instantly with an SL of $12k. 61 days later, actually 65 days later (it was Thanksgiving week), I applied for a CLI to $25k, and was instantly approved, no questions asked. Last week I was preapproved from Amex and with an SP, I apped for the Gold Card and was approved. I received it today UPS. It's grteat and has no preset spending liit. I made a $5k purchase today, no problem. That's my story over the past few nonths. Amex has been good to me, and yes, they pull Experian for your first card and then once you are in the family, preapprovals are SP's. Le me know if you need my data points. I was around 750 Experian when I receiced my Cash Magnet and Experian 745 when I got my CLI to $25k and also 745 for my Gold card approval this week. Update when you decide
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