Does Amex do hard pull for existing customers Reddit?

Will they do a Hard Pull if I applied for the Amex Gold? There's always the possibility that a credit issuer will do a hard inquiry when applying for more credit, but 99% of the time AMEX soft pulls existing card members.

Does Amex Express do a hard pull on existing customers?

If you're an existing cardholder and you apply for a new card, Amex will not perform a hard pull on your credit if you get denied. They use the information they have on file for you to conditionally approve you, then perform a hard pull to double-check that there have been no major changes to your credit report.

Will Amex do a hard pull?

Yes, the Amex Cash Magnet Card will do a hard pull on your credit report when evaluating your application. The Amex Cash Magnet Card requires a credit score of at least 700. That means applicants need good credit or better to get approved.

Does Amex do multiple hard pulls?

Unfortunately, Amex doesn't combine hard pulls into a single inquiry when you apply for two different credit cards. Keep in mind that a hard pull may cause your credit score to drop by 5-10 points.

Is applying to Amex a soft pull?

Prequalify on Amex's website

Once again, these prequalified offers from American Express only place a soft pull on your credit report, so checking your eligibility won't have any impact on your credit.

Amex No Hard Pull

How often does Amex do soft pulls?

According to Doctor of Credit, once you have one card with American Express, the bank will do a soft pull on your credit report monthly, to check that it's in good standing. This is the internal information they draw from to judge whether or not you are conditionally approved for your second, third, etc. Amex card.

How many inquiries is too many for Amex?

How Many Inquiries Is Too Many For Amex? In general, when you have 6 hard inquiries, it's too many for Amex.

Does Amex have the 5 24 rule?

While American Express doesn't have a "5/24" rule like Chase does, the issuer does limit welcome offer eligibility based on your card history — nominally, you're eligible for one welcome offer per credit card “per lifetime,” but it's not necessarily as simple as that.

What Bureau does Amex pull?

Amex primarily pulls Experian, though sometimes Equifax or TransUnion reports. Chase favors Experian, but may also buy Equifax or TransUnion reports.

Can I apply for 2 Amex cards at once?

If you are applying for multiple Amex cards, simply wait at least six days to ensure you don't get rejected for that second card. You can apply for two Amex cards in one day—as long as one is a charge card and the other a revolving credit card. Otherwise, you won't qualify under the 1-in-5 rule.

What FICO score does Amex use?

American Express doesn't state which of the three major credit bureaus it primarily uses to check an applicant's credit score. Regardless, it shouldn't make much of a difference to you as an applicant since your credit score should be similar among all three reporting agencies.

Does applying for American Express hurt your credit score?

This will not affect your credit score. However, your request for a Card will show up on your credit bureau reports as a request for credit, also known as an "inquiry."

Does Amex pull TransUnion?

American Express' free credit report guide—the Amex MyCredit Guide—pulls its reports from TransUnion.

Which American Express card is the easiest to get?

You have a high chance of getting approved for the Amex Blue Card if you have a good credit score, which is a FICO® Score of 670 or above. This is one of the easiest Membership Rewards cards to open, and even consumers with average credit scores have a decent chance of approval.

How long do you have to wait between Amex applications?

The Amex "2 in 90" rule limits cardholders to two card approvals every 90 days. This rule builds on top of the one card every five days rule. The rule prevents consumers from being issued too much credit, along with limiting the number of welcome offers consumers can earn.

How often does American Express Give credit increases?

American Express may automatically increase your credit limit as often as every six to 12 months. However, just because you haven't received an automatic increase doesn't mean you're not eligible. You should reach out to American Express to see if you qualify.

Can I get an American Express card with a 600 credit score?

There is anecdotal evidence of applicants with scores as low as the mid-600s being approved, but that's rare. Even for the American Express® Green Card, a more beginner-focused travel card, a score of 670 or higher is probably necessary.

What credit score do you need for Amex Blue Cash?

The Amex Blue Cash Everyday card is hard to get because applicants need to have a score of 670 or higher to be approved for the card. However, you'll have a better chance of being approved for the card if you have at least a very good FICO score (740 to 799).

What credit score do you need for an Amex Platinum?

The Platinum Card® from American Express requires good to excellent credit to qualify. This is typically defined as a credit score of 690 or better. Issuers will usually also consider your current debts, income, and other pertinent information.

How long is Amex lifetime?

The Length of a Lifetime

Well, it depends on when Amex purges its lists of which cardmembers have previously held a card. Some cardmembers have found that they are eligible for a welcome bonus on an Amex card that they closed more than seven years ago. Others have found that they're eligible even sooner than that.

Why did American Express deny me?

American Express sends a letter to affected applicants citing why the application was denied. Common reasons an application could be denied include a low credit score, an insufficient annual income, number of open credit accounts, and more.

Does Amex Platinum have a limit?

American Express Platinum has no preset credit limit. That means the amount you can spend may change from month to month based on your usage of the card, credit history, income and more.

Can you remove a hard inquiry?

If you spot a hard credit inquiry on your credit report and it's legitimate (i.e., you knew you were applying for credit), there's nothing you can do to remove it besides wait. It won't impact your score after 12 months and will fall off your credit report after two years.

How many hard pulls is too many?

In general, six or more hard inquiries are often seen as too many. Based on the data, this number corresponds to being eight times more likely than average to declare bankruptcy. This heightened credit risk can damage a person's credit options and lower one's credit score.

Does a soft pull hurt credit?

A soft inquiry does not affect your credit score in any way. When a lender performs a soft inquiry on your credit file, the inquiry might appear on your credit report but it won't impact your credit score.