Hello! Okay i was wondering if income is a big factor in credit, well of course it is, but does it have to be what you make?
I have no income because i am a student, but my parents give me quite alot of money every month for spending purposes.
or is it more of the paying off the amount i spend every month that they look at?
Thanks in advanced!
@Gornet wrote:Hello! Okay i was wondering if income is a big factor in credit, well of course it is, but does it have to be what you make?
I have no income because i am a student, but my parents give me quite alot of money every month for spending purposes.
or is it more of the paying off the amount i spend every month that they look at?
Thanks in advanced!
How old are you?
Okay, first off i just called my mom saying i joined a forum about this stuff and lets say she was pretty mad. She said the route i was going i was going to crash and screw up my credit because everything to me is about "status"... She may be right 
I am 18 years old to answer your question
She told me that a AU is not ever going to happen because my parents have a combined 1.5m worth of credit, and she did not work this hard for me to screw it up :/ She also mentioned i was past the stage of getting a student card because i was recently accepted for the gold delta sky miles (I fly about 10-15 times a year). I just wanted to know how to raise my limit so i can spend more monthly so i can get diamond medallion status quicker for delta (currently a gold). I am unemployed and dont look foward to getting a job until i get my business degree in about 3 years.
@Gornet wrote:Okay, first off i just called my mom saying i joined a forum about this stuff and lets say she was pretty mad. She said the route i was going i was going to crash and screw up my credit because everything to me is about "status"... She may be right
I am 18 years old to answer your question
She told me that a AU is not ever going to happen because she has 1.5m worth of credit, and she did not work this hard for me to screw it up :/ She also mentioned i was past the stage of getting a student card because i was recently accepted for the gold delta sky miles. I just wanted to know how to raise my limit so i can spend more monthly so i can get diamond medallion status quicker for delta (currently a gold). I am unemployed and dont look foward to getting a job until i get my business degree in about 3 years.
That's unfortunate about your mother. Being under 21, I don't think you're able to claim the money your parents give you as income, unless perhaps you claim it on your taxes. This leads me to wonder, when you applied for the Amex, what did you enter as your employment status? At your age they should've required either a cosigner or proof of income.
If you receive grants or scholarships that don't pay for school-related expenses, but rather living expenses such as room and board, this is taxable income.
@Gornet wrote:Okay, first off i just called my mom saying i joined a forum about this stuff and lets say she was pretty mad. She said the route i was going i was going to crash and screw up my credit because everything to me is about "status"... She may be right
I am 18 years old to answer your question
She told me that a AU is not ever going to happen because she has 1.5m worth of credit, and she did not work this hard for me to screw it up :/ She also mentioned i was past the stage of getting a student card because i was recently accepted for the gold delta sky miles (I fly about 10-15 times a year). I just wanted to know how to raise my limit so i can spend more monthly so i can get diamond medallion status quicker for delta (currently a gold). I am unemployed and dont look foward to getting a job until i get my business degree in about 3 years.
Well, good job on the Amex! As far as the AU goes... I think you should do some research and educate you and your mom about the benefits of being an AU. Get one thing straight, being an AU is not about using the card at all. In this instance, your piggybacking off of her hard work so you don't have to work as hard to get great cards with great limits. But, I can see how it sounds to parent when a kid asks to be an AU on a $50k CL card. Since your goal is to start increasing your limits to a point where you can spend more, there's another way to do it... Spend, make a payment the day it posts to your account. Rinse and repeat. If you plan to spend $1k a month on a card with a CL of $500, that's the only way to do it.
I am 18 years old
@AeroKrix wrote:
@Gornet wrote:Okay, first off i just called my mom saying i joined a forum about this stuff and lets say she was pretty mad. She said the route i was going i was going to crash and screw up my credit because everything to me is about "status"... She may be right
I am 18 years old to answer your question
She told me that a AU is not ever going to happen because she has 1.5m worth of credit, and she did not work this hard for me to screw it up :/ She also mentioned i was past the stage of getting a student card because i was recently accepted for the gold delta sky miles (I fly about 10-15 times a year). I just wanted to know how to raise my limit so i can spend more monthly so i can get diamond medallion status quicker for delta (currently a gold). I am unemployed and dont look foward to getting a job until i get my business degree in about 3 years.
Well, good job on the Amex! As far as the AU goes... I think you should do some research and educate you and your mom about the benefits of being an AU. Get one thing straight, being an AU is not about using the card at all. In this instance, your piggybacking off of her hard work so you don't have to work as hard to get great cards with great limits. But, I can see how it sounds to parent when a kid asks to be an AU on a $50k CL card. Since your goal is to start increasing your limits to a point where you can spend more, there's another way to do it... Spend, make a payment the day it posts to your account. Rinse and repeat. If you plan to spend $1k a month on a card with a CL of $500, that's the only way to do it.
OP's mother sounds a lot like my own, and if she is, offering to "educate" her will go nowhere pretty quickly, especially where finances are concerned.
@Gornet wrote:Okay, first off i just called my mom saying i joined a forum about this stuff and lets say she was pretty mad. She said the route i was going i was going to crash and screw up my credit because everything to me is about "status"... She may be right
I am 18 years old to answer your question
She told me that a AU is not ever going to happen because she has 1.5m worth of credit, and she did not work this hard for me to screw it up :/ She also mentioned i was past the stage of getting a student card because i was recently accepted for the gold delta sky miles (I fly about 10-15 times a year). I just wanted to know how to raise my limit so i can spend more monthly so i can get diamond medallion status quicker for delta (currently a gold). I am unemployed and dont look foward to getting a job until i get my business degree in about 3 years.
1. She can add you as an AU to one card, not all $1.5m (1.5 m? really? sorry, just a skeptic).
2. She can add you as an AU WITHOUT giving you a card so you do not have access to "screw up her credit".
3. How were you accepted for AMEX if you do not have income?
4. I don't think you can get a student card now without being 21. Just heard this yesterday and have not verified.
Trying to be respectful but this is not making sense to me.
Starting Score: TU 672 EQ 654 10/20/09This is true. You cant educate her if she knows everything about the system.
As for my gold delta amex card I put 0000 on my income i believe, and my employment status as unemployed. I listed myself as a student.
I got a email from delta offering the card to me and thats where this all started, now all of a sudden i want the best of the best. My mother said i need to slow down and the best needs to be earned.
Growing up is literally harder then i thought it would be. 