I want an AMEX !!

[myjourney]

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@Manny121 wrote:

Yea ...definately a good point. The excitement of possibly having one was getting my hopes up, but in the long run will be good for me if I wait and lower my util ...To the garden I go for 6 months !!

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Good choice see you there 

[p-]

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@Manny121 wrote:

Yea ...definately a good point. The excitement of possibly having one was getting my hopes up, but in the long run will be good for me if I wait and lower my util ...To the garden I go for 6 months !!

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If you want to scratch the itch, you could always hit up Cap1 for some soft increases and product changes once your Util is under control.

[Manny121]

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@p- wrote:

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@Manny121 wrote:

Bank of Americard limit: 1K ..I owe about $700

Cap One cards ..one with a $750 CL and the other 1K CL ....owe about $400 on each

Macys store card which I owe about $250

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Here's what the underwriters at Amex will see when you have to recon:

-More than 1 card with a balance

-Multiple new accounts

-High Utilization

-New lines with high limits

This makes it look like you're new to this level of credit and it's getting away from you.  

You want them to see:

-Only 1 card with a balance.

-All accounts over 6 months old, most accounts over 1 year

-Utilization totals less than 5% of overall available

-High limit cards established and seasoned.

I would advise patience.  

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Thanks so much for your positive feedback. It's definately the insight I need to get my feet back on the ground and in the garden where i belong. I will definately take this into high consideration.

[Manny121]

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@p- wrote:

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@Manny121 wrote:

Yea ...definately a good point. The excitement of possibly having one was getting my hopes up, but in the long run will be good for me if I wait and lower my util ...To the garden I go for 6 months !!

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If you want to scratch the itch, you could always hit up Cap1 for some soft increases and product changes once your Util is under control.

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I will definately consider that ....didn't give thought to that. Thanks again for the advice.

[p-]

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Manny121 wrote: ...Thanks again for the advice.

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Anytime.  Good luck.

[mauwow0682]

Early December will set you up perfectly with Amex if you get approved then.

[Manny121]

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@mauwow0682 wrote:
Early December will set you up perfectly with Amex if you get approved then.

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Definately would, especially for all the holidays and a vacation I have planned for the end of that month ...I would love to have one by then ..especially the BCE or maybe Blue Sky !!

[asphaltcowboy]

Good choice, welcome to the garden!!

Best of luck to you

[Manny121]

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@asphaltcowboy wrote:

Good choice, welcome to the garden!!

Best of luck to you

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Thanks....hopefully I dont escape before then ..I'm counting on you guys to hold me back 

[myjourney]

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@Manny121 wrote:

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@asphaltcowboy wrote:

Good choice, welcome to the garden!!

Best of luck to you

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Thanks....hopefully I dont escape before then ..I'm counting on you guys to hold me back 

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We shall help you stick with your plan to obtain the card you want but you have to commit and stay on the path