Table of Contents
- 1 Why did American Express deny me?
- 2 Does American Express have a blacklist?
- 3 Is American Express in trouble?
- 4 Has anyone settled with American Express?
- 5 Did American Express get hacked?
- 6 Why is AmEx so special?
- 7 How many American Express credit cards can you have at once?
- 8 Does applying for multiple American Express cards affect your credit score?
Why did American Express deny me?
American Express sends a letter to affected applicants citing why the application was denied. Common reasons an application could be denied include a low credit score, an insufficient annual income, number of open credit accounts, and more.
Does American Express have a blacklist?
Though not officially confirmed by Amex, there is a blacklist of blocked Social Security numbers that are ineligible for Amex credit cards due to bad history with the company.
Is AMEX hard to get approved?
It’s generally harder to get an American Express card than it is to get a credit card from many other major issuers simply because all of Amex’s credit card offers require good or excellent credit for approval. And some of Amex’s premium cards for big-spenders, which can be relatively difficult to get, have high fees.
Is AMEX hard inquiry sensitive?
American Express generally isn’t inquiry sensitive at all.
Is American Express in trouble?
American Express is one of the largest credit card issuers in the U.S., ranking second by purchase volume behind Chase, according to the Nilson Report. 1 But recently, the card issuer has come under fire from federal regulators over allegations that salespeople misled business owners in an attempt to boost sales.
Has anyone settled with American Express?
If your Amex debt has been farmed out to a debt collector, you can no longer pursue the financial hardship program and will need to settle with the collection agency….What percentage of a debt is typically accepted in a settlement?
| Company | Average Settlement Amount |
|---|---|
| Debt Relief Á la carte | 43\% |
| Accredited Debt Relief | 50\% |
What FICO score does Amex use?
What credit score does American Express MyCredit Guide provided? The score provided by American Express MyCredit Guide is the VantageScore® 3.0 credit score by TransUnion®.
Does Amex pull credit for existing customers?
If you’re an existing cardholder and you apply for a new card, Amex will not perform a hard pull on your credit if you get denied. This makes it relatively risk-free to apply for Amex cards if you already have at least one, as long as you keep in mind the issuer’s other restrictions.
Did American Express get hacked?
An American Express spokesman said the company’s systems were not hacked, contrary to a previous headline on this website.
Why is AmEx so 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.
Can I get an Amex card with a bankruptcy?
A bankruptcy stays on your credit report for potentially up to 10 years. As long as you have a bankruptcy record on your credit report, American Express will not approve the card. I then asked them if someone could put you as an authorized user on an Amex Card. The answer was it should not be a problem though he cannot be 100\% certain about that.
Does American Express close accounts when you file bankruptcy?
Not American Express. According to bankruptcy attorneys, American Express tends to shut down accounts the moment its records indicate a cardmember has entered the bankruptcy process.
How many American Express credit cards can you have at once?
Some data points suggest that you can only have 5 American Express credit cards at one time, regardless if it’s a personal or business card. Your mileage may vary.
Does applying for multiple American Express cards affect your credit score?
Applying for multiple American Express cards doesn’t have a big impact on your credit score because once you have one Amex card, they typically only do soft pulls after that. Your mileage may vary.