Does Amex do hard pull for existing customers?

Asked by: Dr. Zackery Nolan III  |  Last update: February 9, 2022
Score: 4.7/5 (67 votes)

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.

Does Amex do a hard pull for credit increase?

Generally, American Express does not do a hard pull on your credit report when you request a credit limit increase. Keep in mind, though, that this is not a rule and can always change.

Does American Express do a soft pull?

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.

What report does Amex pull?

Amex primarily pulls Experian, though sometimes Equifax or TransUnion reports.

How many inquiries is too many for Amex?

In general, when you have 6 hard inquiries, it's too many for Amex. What if you have 6 or more, but haven't applied for credit recently? Partner with a credit repair expert — like Credit Glory — for help disputing & removing fake inquiries.

Rules to Know for Amex Credit Card Applications

36 related questions found

What is the 5 24 rule?

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.

How do you get rid of hard inquiries?

If you find an unauthorized or inaccurate hard inquiry, you can file a dispute letter and request that the bureau remove it from your report. The consumer credit bureaus must investigate dispute requests unless they determine your dispute is frivolous. Still, not all disputes are accepted after investigation.

Does Amex pull credit for new card?

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.

Does Amex pull FICO?

American Express uses Experian most of the time. Though Amex will use the other 2 major credit bureaus, TransUnion and Equifax, for some applications, they pull Experian for the majority. Amex usually only does hard credit pulls for new applications.

What Bureau does Amex check?

When you apply for an American Express credit card, the company will almost always check your credit report with Experian.

Is Amex Gold a hard inquiry?

Rpgough0311 reports being instantly approved for the Amex Gold with a FICO score between 760 and 780 with the three credit bureaus. They report Amex pulling from the Experian bureau. This person also reports having 5 hard inquiries for other cards in the past 12 months, and up to 7 inquires for the last 24 months.

Does American Express care about inquiries?

Amex does care about inquiries if another factor stands out. Such as a negative, total debt, utilization, etc... If everything else is in line they're pretty forgiving with inquiries alone.

Is Amex credit line increase instantly?

Does American Express automatically increase credit limits? 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.

What is the maximum credit limit of the American Express?

The American Express card with the highest limit is The Platinum Card® from American Express because it's reported to give some cardholders limits of $100,000+. Instead of a traditional credit limit, Amex Platinum has no preset spending limit, which means the amount a cardholder can spend changes over time.

How long does it take Amex to increase credit limit?

You wait a minimum of six months to apply for a fresh credit limit boost for any of your American Express credit cards.

What credit does discover pull?

Discover provides your score from data on your TransUnion® credit report. Scores may vary when using data from your Experian or Equifax credit report. The score Discover provides is a snapshot of your info at a moment in time and will often vary from month to month.

What is the easiest Amex card to get approved for?

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.

Does Amex have a 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.

Where does American Express pull credit from?

What credit bureau does Amex use? While American Express can pull from any of the 3 major credit bureaus — Transunion, Equifax, or Experian — it will most likely pull from Experian.

What score does credit versio use?

Credit Versio automatically imports and analyzes your 3 bureau credit report, finds negative accounts, and prepares an aggressive dispute strategy.

Do hard inquiries affect getting a mortgage?

Although, it does play a role. Affect on your mortgage approval. This type of credit inquiry will not affect your credit score or your mortgage approval; so it is a soft pull.

How many points will my credit score increase when a hard inquiry is removed?

How Many Points Will My Credit Score Increase When A Hard Inquiry Is Removed? Your score will go up by around 5 points when a hard inquiry falls off after 2 years.

Does churning hurt your credit score?

One of the major risks associated with credit card churning is the damage it can do to your credit. This is because the things you'll have to do to get the best rewards — opening a lot of cards and spending on them regularly — can have a negative effect on your credit scores if you're not careful.

What is the golden rule of credit cards?

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.

Can you have 2 Amex cards?

Consumers may only have four American Express products at a 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.