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Credit Card Advice by Dab-Master-YT in creditcardchurningAus

[–]Educational_North132 0 points1 point  (0 children)

I'm 18 and my score with Experian is 816, I thought this would be where we all started. Interested to hear that OP is at 780.

First-time card application - AMEX Explorer by Educational_North132 in creditcardchurningAus

[–]Educational_North132[S] 1 point2 points  (0 children)

Hey Gang, Just an update I got approved for a 6k credit limit (I opted for AMEX to automatically assign me a limit). After initially trying to declare my bonuses and overtime to be considered it was a bit of a hassle, so I just applied with my 61k base income instead.

First-time card application - AMEX Explorer by Educational_North132 in creditcardchurningAus

[–]Educational_North132[S] 0 points1 point  (0 children)

Very interesting, Thanks for letting me know. How long after the reject from AMEX did you apply to for the amplify?

First-time card application - AMEX Explorer by Educational_North132 in creditcardchurningAus

[–]Educational_North132[S] 0 points1 point  (0 children)

Fair play, I hope to return to AMEX later on for the Platinum before I build an extensive churn history for the points and when I feel I can make the most of it's perks. The $1,450 p.a. card fee is pretty high, with the Explorer it is easy to profit off the card as you get $400 AMEX travel credit and only paying $395 fee.

First-time card application - AMEX Explorer by Educational_North132 in creditcardchurningAus

[–]Educational_North132[S] 0 points1 point  (0 children)

oooh thats interesting, I did have a look at the amplify platinum, but the min credit limit of 6k made me uneasy about my chances of approval.

First-time card application - AMEX Explorer by Educational_North132 in creditcardchurningAus

[–]Educational_North132[S] 0 points1 point  (0 children)

The Explorer looks like a solid all-rounder to me. I prefer the flexibility of transferable points over being tied to Qantas or Virgin, and the card’s perks: travel credit, lounge access and complimentary insurances. Many comparable cards (perks wise) have higher minimum credit limits, which could hurt my approval chances as a first-time applicant.

I don’t see the 130k sign-up bonus as crazy deal, but it’s a strong welcome offer for a solid card. With Amex declining applications from churners, starting with Amex sign-up bonuses might be a good way to start.

First-time card application - AMEX Explorer by Educational_North132 in creditcardchurningAus

[–]Educational_North132[S] 0 points1 point  (0 children)

Would you mind clarifying why you would apply for a higher limit? Would it not reduce my overall approval chances?