Amex Charge Card Prestige is OVER

[Red1Blue]

So what do we consider as low scores? Any number or range of numbers?

[Anonymous]

---

@Anonymous wrote:

---

@Anonymous wrote:

---

@Anonymous wrote:
Let's look at this from amex's perspective.

A green card earns them an annual fee of under $100. A plat card gets them $450.

They're not going to give you more buying power JUST because you have a plat card. They'll still cut you off at the same limit (that they don't tell you about).

Now, regardless of whether they issue you a green or plat, they're taking the same credit default risk on you if you spend $1000. Why not collect the incremental annual fee? Either way, if you don't spend money on the card and use the rewards program on it, you're just blowing that 450 bucks. I'm sure amex would love to issue you a card, collect the $450, and have you never use it.

Message Edited by fail2deliver on 02-04-2008 06:11 PM

---

I completley disagee with you're theory. Simply perks, the $450 that you're paying is for for the PLAT perks the secret credit will not be same. I just tlaked to someone on the phone about this, if you have solid credit it is truly unlimited. It cost $50 everytime you use an airport lounge. There is no way the cards are the SAME. I disagee

---

Right, but we're talking about the kind of people with crappy credit who are higher risk. You really think they fly a lot, travel a lot, and are going to actually take advantage of the perks on that card? To those people, who run 5K thru the card every year, they're wasting the 450 bucks.

---

Completley AGREE to this point thats exactly what my post is about. These people paying the $450 becuse the got approved for the card when they can barely afford the $450. You're so right but If had comment like this I would be jumped on but that is my point.

[Anonymous]

---

Timothy wrote:

This has been an interesting thread- 

It is no secret that the Green Charge card is not hard to get with "Average/fair/good scores" - not everyone knows this-

Is the Prestige over? Who cares-

Where else can you get a card that you can put thousands though every month, PIF and have it not hurt your utilization?    

---

Timothy Great perspective away from prestige and actual funtionality. Allot of poeple do thin the Amex is pretigious thats why I made this post. Anyone can have a Plat Amex with 630 plus, when you look at from that view its's a great way of thinking.

[Anonymous]

---

concorduser wrote:

Hi Timothy, when you look on the financeglobe it says we need 690-714 for the green. Is it True? Also for JetBlue Biz it says 669 or some thing. Is it easier to get jetblue biz? I want to get one good biz card.

---

Those numbers are completley bogus I saw an 18 year old kid with 590. True story didnt belove him into we ran his credit he had ZERO badies but you know Virgin credit. GOT APPROVED FOR GOLD

[Anonymous]

---

concorduser wrote:

So what do we consider as low scores? Any number or range of numbers?

---

I saw a kid get approved for a gold with a 590

[Anonymous]

How could his FICO be so low w/ no baddies? I have no baddies and have ~730 and I'm 18.

[haulingthescoreup]

---

@Anonymous wrote:
How could his FICO be so low w/ no baddies? I have no baddies and have ~730 and I'm 18.

---

Thank you! My youngest with a ridiculously thin file (one open MC, one open store card, one closed/ never used Discover) and with a 6-month-old 30-day late had mid-600's at age 19. Credit history was 13 months old, average history was around 7 months.

Sorry, ddd, but I think someone was pushing your leg... Either that, or he'd gotten a card with good credit scores, immediately screwed up, and dropped his score to 590 by the time you looked at it.

[Anonymous]

---

@haulingthescoreup wrote:

---

@Anonymous wrote:
How could his FICO be so low w/ no baddies? I have no baddies and have ~730 and I'm 18.

---

Thank you! My youngest with a ridiculously thin file (one open MC, one open store card, one closed/ never used Discover) and with a 6-month-old 30-day late had mid-600's at age 19. Credit history was 13 months old, average history was around 7 months.

Sorry, ddd, but I think someone was pushing your leg... Either that, or he'd gotten a card with good credit scores, immediately screwed up, and dropped his score to 590 by the time you looked at it.

---

Dont you guys read the entire senente VIRGIN credit

[haulingthescoreup]

---

@Anonymous wrote:
Dont you guys read the entire senente VIRGIN credit

---

Well, since "virgin credit" is not exactly a technical term, I interpreted it to mean very short credit.

That's even odder. The very first set of credit scores are typically around 680, which seems to be where you start out if you haven't had any baddies in the first six months. And you can't get a score until you've had six months' worth of credit, and that some has reported within those six months. Interesting!

[MidnightVoice]

I wonder if this is on snopes.com?