cancel
Showing results for 
Search instead for 
Did you mean: 

Costco Amex!

tag
USC08
Frequent Contributor

Costco Amex!

is it better to apply in person or online?
myFICO - EQ: 776 EX: 763 TU: 791
Message 1 of 4
3 REPLIES 3
haulingthescoreup
Moderator Emerita

Re: Costco Amex!

You should be aware that this is a really, really, (really, really, really) difficult card to get.

If you want to get in with AmEx, and your history is kind of short, and you don't have a burning need to carry balances, take a look at one of their charge cards. I have the Gold Rewards Plus, no fee the first year. They have a chance to get familiar with you and have group hugs all around. They offered me the option to carry balances after 3 months (ummm, no thanks), so they apparently trust me a little.

With AmEx, you can apply for additional cards in subsequent years, and (if you get them) they will show the month that you applied, but the year that you got your very first AmEx. So if you got a Gold (or Green) card now, app'd for Blue or whatever next January and got it, it would show an opening date of January 2008 instead of Jan 2009, saving you the new account ding. Then cancel the charge card before you have to pay a fee.

That's my plan --Blue and/or HHonors in January, then cancel the Gold in late Feb before the membership fee hits.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 2 of 4
Anonymous
Not applicable

Re: Costco Amex!



haulingthescoreup wrote:
You should be aware that this is a really, really, (really, really, really) difficult card to get.


Yep, AND...
 
...they supposedly look at your shopping history at Costco when deciding whether they will approve you!  You really want to be a Costco member and frequent shopper before you apply for this card.
 
Message 3 of 4
jaysdad2k
Frequent Contributor

Re: Costco Amex!

Suddenly I feel really fortunate that I got this card after only one year with Costco and one month with the Amex Gold. And I guess I should not complain about the $2,000 initial CL.
 
 
 
 
 
"Knowledge is of no value unless you put it into practice."- Anton Chekhov
4/11 TU 743 4/11 EQ 763
Message 4 of 4
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.