Update: While it seems that this update is in the process of being implemented, data points suggest that Amex’s systems haven’t been updated yet. I’ll update this post once we know that this change is live.
Here’s some potentially great news if you’re considering applying for an American Express card…
Amex credit card limit increased from four to five
All the major card issuers have different restrictions when it comes to approving people for new cards. One of the major restrictions for getting approved for American Express cards has been a limit on how many total Amex credit cards you can have.
Prior to the pandemic, people were limited to having five Amex credit cards. Then in May 2020, presumably to limit exposure given the uncertainty, that limit was lowered to four Amex credit cards.
Well, there’s a positive development on that front — it’s being reported by Walter Credit Card that as of today (Monday, April 26, 2021), Amex has increased the credit card limit to five.
I’m working on getting official confirmation of this from Amex, but it appears that Amex reps on the phone are confirming these details as well.
Which cards don’t count towards Amex’s card limit?
The good news is that not all Amex cards count towards the five credit card limit. Generally speaking both personal and business cards count towards the limit, with the exception of the following:
- The Amex Personal Platinum
- The Amex Business Platinum
- The Amex Personal Gold
- The Amex Business Gold
- The Amex Personal Green
Why are these cards excluded? Historically these were known as charge cards, meaning there was no pre-set spending limit, and you couldn’t consistently finance charges. However, nowadays these are all hybrid cards, as the option to finance charges is now more consistently available.
Most importantly, though, these cards don’t count towards the five credit card limit with Amex.
American Express has allegedly increased its credit card limit to five. Pre-pandemic the limit was five, then it was lowered to four, and now it has been raised to five once again. That’s great news, and points to Amex being more confident in consumer behavior, with the worst of the pandemic hopefully behind us.
If anyone applies for an Amex card that gets them back to the five credit card limit, please report back with your experience!