Re: Amex prequalify tool, how accurate? The AMEX prequalify tool is
about as sure as one can be without it being a 100% guarantee
. For the most part if you see pre-approved offers pop up when you run it you stand a good chance of getting the card.
What credit score do I need to get American Express card?
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.
What does Amex prequalified mean?
Being pre-qualified for a credit card means
the issuer has done a soft pull of your credit history and concluded that you are a good fit
. It also means you have an 80%+ chance of acceptance if you decide to apply for the card in question.
What credit score do I need for an Amex Gold?
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.
Does Amex boost credit score?
American Express can help your credit score if you are the primary accountholder or an authorized user aged 18 or older on an American Express credit card or charge card account
. 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.
Does Amex do a hard pull for credit limit 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.
Can I get an Amex card with a 650 credit score?
Although this card carries no annual fee, folks report needing a credit score of at least 680 to get approved. But
some others were approved with scores of as low as 650
, so you might have a good shot even with less of a credit history.
Can I get an American Express card with a 640 credit score?
For cards such as The Platinum Card® from American Express and American Express® Gold Card, for example, you'll need to have good to excellent credit—usually a score of 680 at a minimum.
There is anecdotal evidence of applicants with scores as low as the mid-600s being approved, but that's rare
.
What credit score is needed for Amex Blue?
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 FICO score model does Amex use?
Data points indicate that American Express uses the
FICO 8
scoring model from the Experian credit bureau.
Why did American Express deny me?
The most common reason you'll be denied an Amex card even with great credit is that
you're already at their limit
. Specifically, American Express tends to restrict each cardholder to a maximum of four “lending products” (that means revolving credit lines, like credit cards) and up to 10 charge cards.
Does pre-qualified mean approved?
What Does it Mean to be Pre-Qualified?
Being pre-qualified means a lender has decided you will likely be approved for a loan up to a certain amount, based on your current financial situation
. To get pre-qualified, you simply tell a lender your level of income, assets, and debt.
What is a black card limit?
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.
How long does it take to get a 700 credit score?
It will take about six months of credit activity to establish enough history for a FICO credit score, which is used in 90% of lending decisions. 1 FICO credit scores range from 300 to 850, and
a score of over 700 is considered a good credit score
. Scores over 800 are considered excellent.
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
.
Is American Express accepted everywhere?
The American Express card isn't accepted by every merchant
, but it can be used at a growing number of locations in the United States and around the world.
What makes Amex special?
American Express is special because
it is a luxury credit card brand, known for offering elite rewards and having exclusive approval requirements
. American Express also is among the country's largest credit card issuers by purchase volume, and it is one of the four major payment networks.
Is Amex Gold a credit card?
Amex Gold is
not a typical credit card
, which means you must pay for most purchases in full by the due date. With a normal credit card, you have the option of paying only part of your balance by the due date and the rest over time. With Amex Gold, you can carry a balance only for certain eligible charges.
Will Amex increase my limit automatically?
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 for American Express 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.
Is it hard to get an AMEX gold card?
Yes, it is hard to get the American Express® Gold Card because it requires at least good credit for approval
. Unless your credit score is 700 or higher and you have a lot of income, it will be very hard for you to get approved for the Amex Gold card.
Which is the easiest Amex card to get?
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.
Is it hard to get approved for Amex Platinum?
Yes, the American Express Platinum card is hard to get approved for
. It will be difficult for the average person to get the American Express Platinum card because of the card's 700+ credit score and reportedly high income requirements.
Is Creditkarma accurate?
Here's the short answer: The credit scores and reports you see on Credit Karma come directly from TransUnion and Equifax, two of the three major consumer credit bureaus.
The credit scores and reports you see on Credit Karma should accurately reflect your credit information as reported by those bureaus
.
Is 7 credit cards too many?
As with almost every question about credit reports and credit scores, the answer depends on your unique credit history and the scoring system your lender is using. “Too many” credit cards for someone else might not be too many for you.
There is no specific number of credit cards considered right for all consumers
.
