Is it a hard pull for a second Amex card?

Asked by: Shyanne Schamberger PhD  |  Last update: October 28, 2022
Score: 4.9/5 (34 votes)

Bottom Line. If you already hold an American Express card, applying for another Amex card won't result in a hard credit inquiry if you're denied, since they essentially pre-approve you with internal information already on file via a soft pull that doesn't affect your credit score like a hard pull does.

Will Amex do a hard pull for second 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.

Will Amex approve me for a second card?

American Express restricts card approvals to no more than two within 90 days. You'll want to coordinate this restriction with the 1-in-5 rule to increase your odds of being approved for multiple Amex cards. Unfortunately, there are no exceptions to the Amex 2-in-90 rule.

Does Amex do a hard pull for authorized users?

Authorized users 18 years of age and older will be building credit when added as an additional user to the Amex Business Platinum card. There is no hard pull on their credit report but card activity is reported to the credit bureaus.

How many Amex cards can I open at once?

American Express limits customers to have a total of 5 Amex credit cards open at any one time. This includes both personal credit cards and business credit cards but does not apply to their charge cards.

How to Get Multiple American Express Cards with 1 Hard Inquiry!

18 related questions found

Does Amex do hard credit check?

Yes, American Express does a hard inquiry when you apply for a loan. This credit report inquiry will likely drop your credit score by about 5 to 10 points, but you'll be able to get back on track with a few months of on-time payments.

Does Amex do a credit check for authorized user?

Yes, American Express does report authorized users to credit bureaus. More specifically, American Express authorized users who are at least 18 years old are reported to the three major credit bureaus each month, starting as soon as they are added to an Amex account.

How much will my credit score go up if I become an authorized user?

According to a 2018 study done by Credit Sesame, people who had a fair credit score saw their credit score improve nearly 11% just three months after becoming an authorized user on someone's credit card.

Does American Express report to all 3 credit bureaus?

When Does American Express Report to Credit Bureaus. American Express reports to all three major credit bureaus once per month, typically at the same time as your monthly billing statement. In some cases, changes may be reflected right away in your credit report; in others, it may take more than a month to update.

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.

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.

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 you have 2 Amex Platinum cards?

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.

Is becoming an authorized user a hard inquiry?

Being added as an authorized user is just like applying for a new credit card but without the hard inquiry. Some companies, like Amex have even been known to backdate your card to the original member's 'member since date'.

Does removing someone as an authorized user hurt their credit?

The Impact of Being Removed

If you're the primary account holder, removing an authorized user won't affect your credit score. The account will continue to be reported on your credit report as normal.

Is piggybacking credit legal?

Yes, piggybacking credit is legal, however it is not a well-known credit-boosting method, as many people are unaware that it's an option. Piggybacking became a method to boost credit after The Equal Credit Opportunity Act was enacted in 1974; which made it illegal for a creditor to discriminate against any applicant.

Can you have two different Amex cards?

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.

Will adding my spouse to my credit card affect my credit score?

Adding your spouse as an authorized user to your credit card won't hurt your credit score, but it could help your spouse's.

Do additional card members build credit?

Being added as an authorized user on another person's card may help you establish a credit history or build your credit. Yet cardholders and authorized users' on-time, late or missed payments will be added to both parties' credit reports, so it's important that cardholders and authorized users see eye to eye.

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."

What score does Amex pull?

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

How many Amex cards can you have?

You can have up to four Amex credit cards at once, as American Express has confirmed. The limit of four American Express credit card accounts includes traditional Amex credit cards and cards co-branded with airlines, hotel chains, etc.

What's the limit on a black American Express card?

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.