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Amex question

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CreditJunkie917
Frequent Contributor
‎10-31-2013 03:14 PM
‎10-31-2013 03:14 PM

Amex question

I've been in the garden for 6 months. My EX is pretty clean now, only with a 5.5yr old CO showing 0 balance and an auto loan with 4 30 day lates, last one in 2008. AAoA is just under 2yrs. Auto loan paid off in 2009. UTI is at 60%, with working to pay it down as soon as possible? EX FAKO IS 718. Looking to get PRG with the intent of getting one of their revolvers. Any suggestions??
Amex PRG(NPSL), Amex BCE($5K), Amex Hilton($1K), NavCheck ($15K), NFCU CR Siggy($20K), USAA Amex($7K), USAA World MC($7K), CSP($2.3K), Chase Marriott($1.8K), Care Credit($2.5K), Cap1 QS($3.5K), VS($500), Cap1 Secure($200) Starting Scores(Jan 2013): FICO EQ: 643, TU: 552, EX: 567 Current Scores(Sept. 2016): FICO EQ: 672, TU: 703(?), EX: 682 In the Garden FOR-EV-ER!!!!! Cards and goals achieved! Let's grow and mature these babies!!!
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Necromancer
Regular Contributor
‎10-31-2013 03:19 PM
‎10-31-2013 03:19 PM

Re: Amex question

@CreditJunkie917 wrote:
I've been in the garden for 6 months. My EX is pretty clean now, only with a 5.5yr old CO showing 0 balance and an auto loan with 4 30 day lates, last one in 2008. AAoA is just under 2yrs. Auto loan paid off in 2009. UTI is at 60%, with working to pay it down as soon as possible? EX FAKO IS 718. Looking to get PRG with the intent of getting one of their revolvers. Any suggestions??

I would apply for the PRG and if approved immediately apply for the revolver of your choice. If declined, no further apps for another 3-6 months and work on getting your baddies removed and UTI under 20% preferably under 10%.

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CreditJunkie917
Frequent Contributor
‎10-31-2013 04:50 PM
‎10-31-2013 04:50 PM

Re: Amex question

Thanks for the reply!
Amex PRG(NPSL), Amex BCE($5K), Amex Hilton($1K), NavCheck ($15K), NFCU CR Siggy($20K), USAA Amex($7K), USAA World MC($7K), CSP($2.3K), Chase Marriott($1.8K), Care Credit($2.5K), Cap1 QS($3.5K), VS($500), Cap1 Secure($200) Starting Scores(Jan 2013): FICO EQ: 643, TU: 552, EX: 567 Current Scores(Sept. 2016): FICO EQ: 672, TU: 703(?), EX: 682 In the Garden FOR-EV-ER!!!!! Cards and goals achieved! Let's grow and mature these babies!!!
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Anonymous
Not applicable
‎10-31-2013 04:56 PM
‎10-31-2013 04:56 PM

Re: Amex question

I'd get your UTI down to <10% before apping for AMEX.

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eviLution
Established Contributor
‎10-31-2013 06:10 PM
‎10-31-2013 06:10 PM

Re: Amex question

I wouldn't apply for AMEX until you get your utilization down to at least 15% or lower.
DCU Platinum: 4000 - Discover IT: 11000 - Walmart: 5000 - AMEX BCP: 18000 - Chase Freedom VS: 5000
in the garden since 1/24/14 - #GARDENSTRONG
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myjourney
Super Contributor
‎10-31-2013 06:15 PM
‎10-31-2013 06:15 PM

Re: Amex question

@eviLution wrote:
I wouldn't apply for AMEX until you get your utilization down to at least 15% or lower.

+1 this first (UTL)

Then weigh your options 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
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