When you apply for an American Express credit card, the company will almost always check your credit report with Experian. In some very rare cases, American Express will check with a different credit bureau. Remember that all three credit bureaus get their information from the same place: your financial life.
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.
To get approved for this card you'll want a credit score of at least 670 to get approved, but some people have reported having a score as low as 630 and being able to get the card.
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 credit score does Amex use? Data points indicate that American Express uses the FICO 8 scoring model from the Experian credit bureau. The bank is also likely to pull the same score from either Equifax or TransUnion but the applicant won't know until after they try.
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.
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.
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 American Express credit score requirement is 700 or above, depending on the card. That means people with good to excellent credit are eligible to be approved for an American Express credit card.
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).
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."
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.
Minimum Requirements for an Amex Card Approval
American Express has been known to pull credit primarily from Experian. There is also a limit to how many Amex cards you can have. Amex confirms verbally that there is a limit of 4 consumer or business credit cards, and additionally, a limit of 10 charge cards.
According to Weiss, one of the most recommended cards for high-net-worth individuals is The Platinum Card® from American Express . While this card comes with a wide range of perks that make it seem too good to be true, it also comes with an annual fee of $695 (See Rates), which is higher than most other credit cards.
Amex is so popular because it offers high-end credit cards with great rewards and luxury perks, which have become status symbols in popular culture over time.
For an Amex card to be good for your credit score, the account must be kept in good standing with on-time monthly bill payments. Every month an open Amex account is used responsibly, positive information will be reported to the credit bureaus.
With either preapproved or prequalified Amex offers, the issuer uses information like your income to determine if you're in the target audience for a particular card. Both are good indicators that you will be approved when you apply, though preapproved is a slightly better chance.
If you're getting a credit card directly from American Express, you'll generally need good credit to qualify. If you have fair credit, though, you may be able to get an Amex card from a different credit card issuer, such as the Credit One Bank American Express® Credit Card.
The American Express® Gold Card credit score requirement is 700 or higher. That means people with good credit or better have a shot at getting approved for the Amex Gold card.
The Amex Green card's credit score requirement is 700+. This means you need at least good credit to have a decent chance of approval. The Amex Green card's credit score requirement is comparable to that of several other American Express cards.
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.
Yes, American Express reports authorized users to all three of the major credit bureaus (Experian, Equifax and TransUnion).
Amex primarily pulls Experian, though sometimes Equifax or TransUnion reports. Chase favors Experian, but may also buy Equifax or TransUnion reports.