Currently, you can have up to five American Express consumer credit cards at one time. It is important to note that American Express offers multiple types of cards — business cards and consumer cards — and that the rule only applies to consumer cards where you are the primary cardholder.
You can only have four Amex cards with spending limits, and ten Amex cards with no spending limits, open at any given time.
How many credit cards can you have with American Express? Generally, you can have up to 5 credit cards with American Express. This includes business credit cards but does not include charge cards like Amex Platinum.
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.
Having both the Amex Gold and Amex Platinum can make sense if you use both cards enough to offset the annual fees. You can use the American Express® Gold Card for its dining credits and 4x purchase rewards on dining and supermarket purchases.
The highest level American Express card is the Centurion card, which is also known as the 'black card.
When debating the benefits of the Amex Platinum vs. Gold, the Amex Platinum easily comes out ahead in terms of travel perks based on a few factors. It starts with the fact that you get Priority Pass Select airport lounge access (worth $429).
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 is the 5/24 rule? Many card issuers have criteria for who can qualify for new accounts, but Chase is perhaps the most strict. Chase's 5/24 rule means that you can't be approved for most Chase cards if you've opened five or more personal credit cards (from any card issuer) within the past 24 months.
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.
Between my wife and me, we've got three Amex Platinum cards to work with. Here's how we make those annual fees worthwhile. You can only earn the welcome bonus for each American Express card once per lifetime. However, each flavor of the Amex Platinum card is considered an entirely different product.
As TPG contributor Ethan Steinberg explained here, you can pair three Amex cards (the Platinum and Gold cards, plus The Blue Business® Plus Credit Card from American Express) to really maximize your rewards on just about every bonus category and everyday, non-bonus spending.
What Is the Spending Limit on the American Express Black Card? There is no spending limit with the Amex Black Card. However, balances must be paid off in full every month.
It's generally harder to get an American Express card than it is to get a credit card from many other major issuers simply because all of Amex's credit card offers require good or excellent credit for approval.
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."
To create an online account or link a Card to your existing online account, go to americanexpress.com/register. If you're an Additional Card Member, when you're setting up your online account, you'll need the Basic Card Member's date of birth as well as your own personal information.
There is no universal number of credit cards that is “too many.” Your credit score won't tank once you hit a certain number. In reality, “too many” credit cards is the point at which you're losing money on annual fees or having trouble keeping up with bills—and that varies from person to person.
Golden Rule No. 1: Pay 100 per cent of your credit card bills as far as possible. This way you will reduce your interest outgo to a bare minimum. Whenever you are in a mood to buy consumer durable or car or improve your home, take bank loans at much lower interest rates.
The USAA® Secured American Express® Card used to be the easiest American Express card to obtain as it was available to people with bad credit.
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.
According to the score ranges from FICO, that means American Express applicants typically have at least a 670 score: Exceptional. 800 and above.
Is the American Express Gold Card worth the annual fee? If you make use of the card's annual credits and you spend a lot on dining and groceries, the card can be well worth the $250 fee. If you're not maximizing the credits and bonus categories, another card could be a better choice.
American Express does not disclose a specific income requirement, but it will need to be enough to make payments on the card and to afford the $250 annual fee.
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.
The Platinum Card® from American Express (Terms apply. See rates and fees) originally launched in 1984 with an annual fee of $250—unprecedented at the time. Since then, it has become one of the most popular and sought-after travel rewards cards, as well as a status symbol.