American Express is rolling out a valuable feature for card applications, which I think will put many at ease when applying for cards. While this has been trialed for quite some time now, it’s official as of today.
Continue reading: Awesome: Amex “Apply With Confidence” Feature
Share your questions, experiences, and thoughts below.
To answer your last question - the hard pull is a regulatory requirement, not an information-driven one. Soft pulls provide the exact same information as hard pulls, but in order to legally extend credit in the US you must do a hard pull if you check the customer's credit at all.
Then how can AMEX explain 3 cards that they have approved for me (and I am not alone in this category) in 2022 alone without a single hard pull? All were business cards (one of them my first business card ever).
Simple - they didn't pull your credit at all when approving those cards. Amex routinely approves new accounts based purely on their own internal data on their relationship with you. If you're already a customer in good standing it's typically no problem on their end.
Then a surprise FR with confidence.
While the credit scoring system is a good thing.
The credit bureaus are a scam. They extort you money for your profile just to lose that info to hackers and selling you credit monitoring service.
How about you give me access to my credit for free and I'll do the monitoring myself.
Amex does credit check spending routinely every 5-7 months . They pre approve you based on your assets , if you have friends needing higher credits core , use the person with the best credit who has a new house and new car under 7 years, also use their house address and cellphone number when applying with a minimum salary amount $94,862 Canada and $81900us. Amex will not call.
you'll get instant approval and let your friend know they might receive mail under your name because the system kept denying you to use your postal code or zip code. Tell them you applied for a Marriott Outlet discount count.
Amex is probably the worse card for lowering your credit purchase while away with best credit repayment on time . The best Amex is Marriott Bon Voyage
your best to have second cc Airline travel Visa like TD Aeroplan Visa
avoid flying Air Canada at any cost !!!
Here's what you don't discuss and it is important as to being approved, the assets you need, hard or soft credit score pull, etc. The difference between types of Amex cards. If you hold the Platinum or Gold card for example that is very different than a Marriott or Delta card for example. In the partner cards, Amex is acting like both the credit card processor (e.g. visa equivalent) and the bank (e.g. Chase). If you hold a lower end Amex branded card which is not partnered that is similar to holding a generic visa or mastercard with a credit limit issued by a bank (e.g. Chase Unlimited). In this case Amex acts as both the bank and the processor, too. If you hold a platinum or gold card for example, those are charge cards. You generally are not able to finance your charges over time and are required to pay the bill in full when due. In this case Amex also acts in both. Generally the maximum limit for a charge card transaction is much higher. Amex used to be for charge cards only, but as they moved in to having credit cards and partnered credit cards, this made it so they issue both. Most people don't know or realize the difference.
You are WAY overthinking.
To most people, it doesn't matter.
You charge, you get a bill, you pay your bill.
If your credit profile gives you a limit of $1000 I doubt being a charge card would allow you to charge a lot higher than that.
At the end of the day, Amex being the bank or not, any bank would have calculated the exposure they are comfortable to extend you credit.
But for you, you charge, you get a bill, you pay your bill. Difference doesn't matter.