Which Credit Bureau Does American Express Use? - Fixanswer

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.

Does American Express use TransUnion?

American Express uses TransUnion

! They use TransUnion, to approve your credit app, and they use TransUnion for your score!

Is American Express credit score accurate?

Re: How accurate is Amex’s FICO Score? The score is

100% accurate on the date that it was calculated

. It is a FICO 08 (the most common and widely used model) score based on your Experian credit report.

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.

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 600 credit score?

Cards such as the Amex EveryDay® Preferred Credit Card from American Express and Blue Cash Preferred® Card from American Express usually recommend a 670+ score. However,

there is anecdotal evidence of scores in the lower 600s being approved

.

Is it hard to get an American Express 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.

What credit score do you need for an Amex Platinum?

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.

Is Amex platinum hard to get?

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.

Does Amex use FICO 8?

American Express writes, “

Your FICO Score 8 based on Experian data is the same score used by American Express

.” Wells Fargo says it’s using FICO Score 9, also from Experian.

What is the FICO 8 score used for?

FICO Score 8 is a credit scoring model from the Fair Isaac Corporation (FICO) that is widely used by lenders

to help determine the creditworthiness of potential borrowers and what interest rate they should be charged

. This version of the company’s base credit-scoring model was released in 2009.

Is a FICO score of 8 good?

FICO 8 scores range between 300 and 850.

A FICO score of at least 700 is considered a good score

. There are also industry-specific versions of credit scores that businesses use. For example, the FICO Bankcard Score 8 is the most widely used score when you apply for a new credit card or a credit-limit increase.

Is a FICO score of 9 good?

FICO
^®
Scores in the 740 to 799 range are deemed very good. Individuals with scores in this range may qualify for better interest rates from lenders. Good: 670 to 739.

FICO
^®
Scores in the range of 670 to 739 are rated good.

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.

Will closing my American Express card affect my credit?

Since charge cards don’t have an impact on your credit utilization ratio,

closing them doesn’t have this credit score impact

. However, it does have an impact on your length of credit history.

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.

What is the easiest Amex card to get Myfico?

Re: Easiest AMEX Approval

Charge cards (Green, Gold, Platinum)

are generally fairly easy to obtain. Core non-cobranded cards will be the more difficult to obtain.

What is Amex Gold card limit?

Does the American Express Gold Card have a limit? The American Express® Gold Card has

no preset spending limit

, which reflects its origins as a charge card — a card that requires you to pay your bill in full every month. Nowadays, the card allows you to pay for some purchases over time.

Does Amex do a hard pull?

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.

How accurate is Amex eligibility checker?

The AMEX eligibility should be more accurate. I applied for the BA amex last may, mse eligibility checker was 40%, however the amex checker gave me

90%

( I passed the application).

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

.

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

.

Do American Express credit cards have a limit?

With American Express cards,

no preset spending limit

means you will not have a predefined monthly credit limit when you are approved for the card, but it does not mean you can spend an unlimited amount.

Is Amex Gold metal?

Yes, the Amex Gold card is a metal card

. New Amex Gold card applicants don’t need to specify that they want a metal card, either – it’s standard. It’s worth noting that regardless of its name, the Amex Gold card is not made of gold. But it is worth quite a bit in ongoing rewards.