AMEX and Credit History

Discussion in 'Community Discussion' started by Z6128, Jul 9, 2007.

  1. Z6128 macrumors regular

    Joined:
    Jun 20, 2005
    Location:
    New Jersey
    #1
    I'm trying to establish a credit history and having a hard time doing so. I received an application in the mail today for an AMEX green card but I was wondering if the charge cards count towards your credit rating. Anyone here know if it does?
     
  2. janey macrumors 603

    janey

    Joined:
    Dec 20, 2002
    Location:
    sunny los angeles
    #2
  3. WildCowboy Administrator/Editor

    WildCowboy

    Staff Member

    Joined:
    Jan 20, 2005
    #3
    Yes, it does affect your credit history. But here is a good article summarizing why the Green Card isn't all that good a deal anymore. Even without a significant credit history, you should still be able to get a rewards card with no annual fee somewhere else.
     
  4. Z6128 thread starter macrumors regular

    Joined:
    Jun 20, 2005
    Location:
    New Jersey
    #4
    thanks, that article was helpful. i was trying to find a card that would be easy for an 18 year old looking to establish credit (not get into debt). I've already applied for a CapitolOne card but was declined due to them not being able to find a valid credit score for me. I also tried for a Target card (since I work there) and was declined for the same reason. Am I doing something wrong? Keep in mind, I'm not looking for thousands of dollars in credit, just enough that I can establish credit for when I want to buy a car or house later on in life.
     
  5. pilotError macrumors 68020

    pilotError

    Joined:
    Apr 12, 2006
    Location:
    Long Island
    #5
    Are you in college yet?

    The credit card companies are usually falling over themselves to sign up college students.

    Look for the applications in the student lounge areas.

    Just go easy and pay them off each month and you'll have great credit before you know it.

    Don't worry about Capital One, they aren't the company they used to be. They started with all these ridiculous hidden rate changes and fees. They aren't any better than the fly by night card companies now. AMEX isn't cheap, but they are a decent company. You can also get their Optima card which is pretty much a regular card with a limit. They have decent rewards cards too.
     

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