The Blue Cash Preferred credit limit is based on American Express’s assessment of each application, so the card’s credit limit will be different for each applicant. American Express does not include any specific Blue Cash Preferred credit limit information in the card’s terms.
For the most part, Blue Cash Preferred credit limits depend on each applicant’s overall creditworthiness. Those with the highest income and best credit scores will generally be offered the highest starting credit limits.
That said, the Blue Cash Preferred card credit limit that you start with isn’t necessarily your credit line forever. You can ask to get a credit limit increase by calling the American Express customer service number on the back of your card, but it’s best not to do that more than once a year. American Express will also evaluate your account periodically to determine whether you are eligible for a credit limit increase. Paying on time and keeping your credit utilization low are key for getting unsolicited credit line increases with American Express.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Blue Cash Preferred Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status, and housing status.… read full answer
If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the Blue Cash Preferred credit score requirement. You can check your credit score for free on WalletHub.
You can request a Blue Cash Preferred® Card from American Express credit limit increase online, through the American Express mobile app, or by calling customer service at 1-800-528-4800. To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income American Express has on file. American Express will be more likely to increase your credit limit if the revised income clearly shows that you can afford a higher limit.… read full answer
How To Get a Blue Cash Preferred Credit Limit Increase Online
Log in to your online account or the American Express mobile app.
Choose the Blue Cash Preferred card from the list of account options (if you have more than one American Express card).
Click “Account Services,” and then “Request Credit Limit Increase.”
Enter your 4-digit CID, total annual income and desired credit limit. Click “Continue.”
Confirm the information entered and click “Submit Request” to complete the request.
You should receive a decision in just a few seconds. If you’re approved for a Blue Cash Preferred credit limit increase, the new limit is effective immediately.
Impact of a Blue Cash Preferred Credit Limit Increase on Your Credit Score
When you request a Blue Cash Preferred credit limit increase, American Express will conduct a soft pull of your credit report, which does not affect your credit score. However, some Blue Cash Preferred credit limit increase requests may involve a hard pull, which will cause a short-term dip in your credit score. American Express cannot do a hard pull without your permission.
Alternatively, you could be eligible for a Blue Cash Preferred credit limit increase without even requesting one. The Blue Cash Preferred card may offer an automatic credit limit increase if American Express’s regular review of your account shows a history of on-time payments and low debt. An automatic credit limit increase involves a soft pull, which does not affect your credit score.
There are no American Express credit cards that are easy to get. They all require good credit or better. 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. But USAA® Secured American Express® Cardis no longer available to new applicants.… read full answer
While American Express credit cards aren’t that easy to obtain, there are several other credit cards that are easy to get approved for.
Having one of these credit cards may increase your chances of landing an American Express credit card in the future, if you use it responsibly. That means paying your bill on time every month and keeping your credit utilization below 30% of your credit limit.
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