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hnanon

Should I apply for the American Express Blue Cash card?

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So, I don't know my credit score, but I'm assuming it's not very good because there are a few Adverse Accounts on my credit report (working on those now).

 

I've never had a credit card before but I'm looking to finally get one to build up my score. Should I apply for the American Express Blue Cash card? What are the chances that they'll approve me? What are the consequences if they don't? Can I re-apply later?

 

Thanks.

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without knowing your credit score its hard to say but the presence of adverse accounts and lack of revolving credit history makes me lean towards not good

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get your credit scores first. Once you know you scores, you can do a plan of attack.

 

Think of it as you are going to battle, and right now its a night so you could walk into an ambush.

 

REAL FICO scores are better than FAKO scores, read the beginner threads first if you dont know my terms.

 

creditkarma shows cards and the % of users which have the card at varying credit levels. I find that is a good starting point.

 

*HINT* - look at the pinned topics in this forum first. They are hidden for me unless I click "show pinned topics" 35 of them.

 

If you get denied, then you wasted a hard inq. with each hard inq, you score drops a few points. You want to wait to apply for credit until you are sure you can get it.

If your file has old baddies, then a call to the reconsideration line can get you the card after initially denied.

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DO NOT! Apply for ANYTHING until you get all 3 MyFico scores or full individual reports DIRECTLY from the 3 bureaus. Use this : (E1308BDY20FST) promo code if you do it (Myfico) really soon. it will give you $4-5 off each I think. I just used it today (8/28). I got it right here on CB. :grin:

Edited by studiogeek

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So, I don't know my credit score, but I'm assuming it's not very good because there are a few Adverse Accounts on my credit report (working on those now).

 

Don't burn an inquiry. If you don't have at least the past two years completely clean and a FICO (not FAKO) score of 650, I wouldn't bother with Amex Blue.

Edited by direred

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