Help me with AMEX plan

[Anonymous]

ALAKAZAM, just curious, but you stated "reported income" to be 30K.

Do you make more money on the side and off the books?

[armywifey85]

Join a credit union, get a visa or mastercard from them, either secured or unsecured. I wouldn't waste my time on too many apps for low limit cards. I would build on a credit union secured. Credit unions are a lot easier, and will grow with you. My son started out with  NFCU, his first credit card, his limit was 1500.00, its now 10,000. Then after a year he went for the Amex Bce and got approved for it. Only let 1% post to the credit report, pay the rest in full every month. Be patient  and wise with your money. If you have a way in to join NFCU, join asap.

[Creditaddict]

1.  The Amex INQ qon't be hard so yes I would still stop applying right now but it's not world crashing down crazy like the way I read many of these replies.

2.  You could very EASILY have Plat. Amex with $30k Annual Income, Just depends on Credit and history!

3.  Don't apply for Plat. Green, and then a Zync in a day or 2 period... Outside of doing Zync and getting offered a Secured type version your Green-Plat. do not have any different credit needed levels.  So when you do apply I would only be applying for the Zync, if you get it at some point and it does not have the hard limit, you can go back in and apply for the Plat of regular or Mercedes and probably get approved also.

4.  If you have cash around, joint credit union as stated or a bank that offers secured and put some REAL CASH in it... like secured credit card for $5k or $10k... You get that reporting a month or so and you probably would have no issues getting the Zync approved.

[LS2982]

Disclaimer: Listening to the above referenced poster ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Will cause numerous amounts of HP's on your credit report. Please be advised. Thank you.

[armywifey85]

Keep track of your inqs, most credit unions I have joined pull from Equifax, and will pull for credit card app and membership.

[alakazam]

Thank you all for the opinions, it's good to hear from a third party. I will not be opening a CU account as the one I have here pulls EQ for just applying to open account. Then when I added my wife to the account they pulled again!!! I closed them down a long time ago due to this and other crap.

I will be using my Cap1 and try to get 6months gardening and take it from there. 

[Creditaddict]

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@LS2982 wrote:

Disclaimer: Listening to the above referenced poster ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Will cause numerous amounts of HP's on your credit report. Please be advised. Thank you.

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My post?

Which part of my post will "Cause numerous amounts of HP's"??

Much talk has shown Amex does not do HP's when they decline an app... I have personal experience of this also.

[Smerri1029]

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@Creditaddict wrote:

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@LS2982 wrote:

Disclaimer: Listening to the above referenced poster ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Will cause numerous amounts of HP's on your credit report. Please be advised. Thank you.

---

My post?

Which part of my post will "Cause numerous amounts of HP's"??

Much talk has shown Amex does not do HP's when they decline an app... I have personal experience of this also.

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They don't decline if you're an existing cardmember

[LS2982]

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@Creditaddict wrote:

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@LS2982 wrote:

Disclaimer: Listening to the above referenced poster ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Will cause numerous amounts of HP's on your credit report. Please be advised. Thank you.

---

My post?

Which part of my post will "Cause numerous amounts of HP's"??

Much talk has shown Amex does not do HP's when they decline an app... I have personal experience of this also.

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But if they approve that person.........................

[TNTransplant]

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@LS2982 wrote:

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@Creditaddict wrote:

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@LS2982 wrote:

Disclaimer: Listening to the above referenced poster ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Will cause numerous amounts of HP's on your credit report. Please be advised. Thank you.

---

My post?

Which part of my post will "Cause numerous amounts of HP's"??

Much talk has shown Amex does not do HP's when they decline an app... I have personal experience of this also.

---

But if they approve that person.........................

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LS is correct.  

If you do not have an existing AMEX account, any app with them will result in a HP.

If you do have an existing account with them and you apply for another card and are DECLINED, this is a SP only.

If you do have an existing account with them and you apply for another card and are APPROVED, this is a HP.