Which is credit card brand is harder to qualify for, American Express or Discover?
by Author on Friday, June 25th, 2010 | 5 Comments
My FICO score is a 730 and my credit history has no negatives, except for my length of established credit being less than four years.
I already have a Discover card with a 2k limit, as well as two smaller limit cards with Chase and Cap. One... what are my chances of qualifying for an American Express? Will it benefit me, or should I just stick with the cards I already have?
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With a good 4 year history and a 730 FICO, you should qualify for either, provided other things like employment and income check out. However, do you really need a 4th major credit card? Especially an American Express that is not as widely accepted as Visa and Mastercard.
If you want another credit card, it would make more sense to look for something that offered a rewards program or some other benefit rather than just apply for a brand name.
Of course, the proper way to use any credit card is to use it and pay it in full every month. Avoid the interest and stay out of debt.
All you need in life is 2 cards to get top credit.
Any more are just not needed.
Pay them in full every month for top notch credit.
Open a card that gives you cash back.
Discover offers those but one is on a tier system that you have to spend a certian amount to get reweards, and the other one is just for 3 months out the year.
Find a card that gives you at least 1% cash back all year long.
You can make 100′s and its easy money.
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American Express
I have had no problem getting a Discover card but have never been able to get an AmEx one.
Depends on which card within the Am Ex line you apply for. The black card is a bit on the difficult side.
Why do you want one anyway? If you need a larger limit card for travel, etc, I would go with Visa or Mastercard. Am Ex is not accepted at a lot of places.
american express but with a 730 score it should not be a problem, check out http://www.fastcreditcardapprovals.com to compare them side by side on rates, fees and rewards.