"Should I Apply?"

Comment 1 by hjm331

Another Option on 2008-02-11

If your looking for your first AMEX card, go with the Gold Deta Skymiles card. It's a good starter card. I'm only 18 and they gave me a $1000 credit line. I believe that it has a preset limit. It doesn't matter for me though because I pay off my bill in full every month. Hope this helps.

Comment 2 by markrivers

Really Appreciate The Response on 2008-02-12

Thanks a lot! =)

don't go spending too much ok?

Comment 3 by meya

Hummm on 2008-02-12

I don't know about this one because the annual fee is higher than most subprimed cards I have seen. Like HJm said, go with the delta skymiles or go with the clear blue. I believe clear blue is the best for you to try out.

Comment 4 by hjm331

RE; Meya on 2008-02-12

Meya, are you talking about the AMEX Clear or AMEX Blue?

Comment 5 by meya

Clear Blue on 2008-02-12

The Amex clear blue. They don't even add fee if you go over your limit or pay late. I don't know how many times in one year but it is a real cool card. This is the one that I want.

Comment 6 by hjm331

RE: Meya on 2008-02-12

Meya, there's no clear blue. There's Blue and Clear. Two different cards.

Comment 7 by porgy1000

Annual Fee on 2008-02-12

If you ask me an ANNUAL FEE is crazy. I have two American Express cards and I have NO annual fees. Go for one that has NO FEE.

Comment 8 by arod

I Have This Card on 2008-02-12

Well its a good card no preset means no preset but if you purchase a expensive Item some time they call the store. Is has membership rewards which is great

it ok if you don't mind paying in full the next month I have this card for 3 years it good but they don't report credit limit to your credit report again its ok card I had to take it out of my wallet because it makes me want to buy everything but when the bill comes I'm not happy paying it all in full. And yes I pay it. Annual fee is free like you said for a year then $125 after that and each additional card member you add is $30 but you save on no interest. Make sure you have at least 4 years dealing with credit cards and no bankruptcy or late payments or you wont get approved,

Good luck to you,

Alex

Comment 9 by markrivers

No Way on 2008-02-12

I won't go for this card anymore, even though I don't have an AMEX yet. The 125 annual fee is a biggie for me. Thanks for the response guys!

Comment 10 by eric

Dream Card? on 2008-02-12

I don't see it as a dream card... But its a nice card... There is 'no-pre set limit'... Dont be fooled by that because you could go out and get that laptop for $1500-2000 and be declined because there is a limit... They know what it is but you don't... If you apply and your approved, when you get the card and call CS they can run a fake transaction through to see if your going to be ok buying $1500-2000 at once-saves the embarrassment.

Comment 11 by hjm331

RE: Mark on 2008-02-12

Check out the details to the card I was telling you about.

Comment 12 by hjm331

Sorry, Forgot The Link on 2008-02-12

Http://www.Financeglobe.com/Finance/card77.php

Comment 13 by markrivers

I Prefer A Real Credit Card! on 2008-02-12

I agree with you..

aside from the potential embarrassment go being declined... The idea of having to pay "all" of it... Including cents come the billing cycle is absurd!

if ever I have that amount of money right away, i'd use a debit card instead.

i checked the American Express Blue..

I don't want to apply yet... Usually I wait for the invitations... Sort of a security blanket on my part, although I know pre-approved doesn't always translate to approval.

thanks again people!

Comment 14 by hjm331

RE: Mark on 2008-02-12

Mark, if you want to carry balances over to statements, then AMEX isn't right for you. Purchases under $200 have to be paid in full by the end of the month. I'd suggest going with BofA. They have been nothin' but great to me. If you have the FICO score do it, if not, go with Cap1. I love both of those cards. Hope this helps.

Comment 15 by markrivers

Hjm331 on 2008-02-12

Thanks! I have a Bofa Platinum Visa already with a CL of 700... It'sa student credit card with a 18% APR...0% for a yr... The thing is, I'm thinking of purchasing a laptop anytime soon... And as you know... And for everyone's info as well, when u purchase something from VISA and AMEx the 1 yr warranty gets another yr from the card company... So in essence it will save me a lot from buying extended warranty packages =)

Comment 16 by hjm331

RE: Mark on 2008-02-12

I have that exact same card. My APR is also in the same range as yours. They also started me off with $700 but then I asked for a CLI 2 months ago for $300 and they apprved it online. So now my CL is $1,000. This is my favorite card because they don't play any games with me. I charge everything I need on this card, pay my bill in full at the end of the month and then report to all 3 CB's pretty fast. Overall, I love this card.

Comment 17 by eric

AMEX Gold on 2008-02-13

This card is a HEAD TURNER for sure. Great for dinner and things. My wife has the green rewards. Had it since 99. We use it every few months or so. We never spend more than $100 on this card in a month. I don't like the annual fee either.

Comment 18 by markrivers

It's A Head Turner on 2008-02-13

No question about that, I mean the prestige of owning an AMEX card, whether it be the green one or this GOLD..

but I think i'll pass, i'll wait until my income is big enough to cover for the annual fee...$125

imagine what I can buy with that amount..

I don't travel that much either so the miles won't be that helpful..

hey... I'm cheap! Ha ha ha!

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