Brianne Larch, WalletHub Credit Card Analyst
@BrianneLarch
There's no general rule when reapplying for an American Express credit card. However, American Express advises customers to wait at least 30 days before reapplying for an Amex card. Moreover, if you got rejected, it’s best to only reapply when your credit is in better standing and your credit utilization is decent (less than 30%).
This usually means that you should wait about six months to one year before reapplying for an American Express credit card.
What Happens When You Reapply for an Amex Card
Applying for a credit card triggers hard inquiries, which lead to a slight dip in your credit score, especially when you reapply within a short period of time. Plus, this will tell creditors that you are desperate to borrow, making you a greater risk and less likely to be approved for a loan or line of credit.
Ultimately, if you wait six months to a year and then still can't get approved, consider getting a secured credit card. You will need to make a refundable security deposit that will be your credit limit. This collateral gives secured cards the highest approval odds of all credit cards.
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People also ask
What credit bureau does American Express use?
American Express mainly uses Experian to assess your creditworthiness when you apply for a credit card, though they may use TransUnion or Equifax instead, according to anecdotal evidence. So, if any of your credit reports are frozen, you should unfreeze them before applying for an American Express credit card.
Key Things to Know
- When you apply, American Express will perform a hard inquiry on your credit report, which might temporarily damage your credit...
Does American Express have pre-approval?
Yes, American Express does have pre-approval. American Express has an online pre-approval page where potential applicants can quickly check their odds of approval for certain American Express credit cards before they actually apply for one. Current American Express customers may also receive pre-approved offers periodically by e-mail or when logging into their card’s online account. And in some cases, American Express will send people pre-approved offers for a specific credit card in the mail.
Getting...
read full answer by Chip Lupo, Credit Card WriterWhat are the American Express credit score requirements?
You typically need a least good credit to be eligible for an American Express card. American Express cards are available to applicants with credit scores ranging from good to excellent credit.
If your credit score is below the threshold needed for an American Express credit card, it’s best to wait to apply until you meet the credit score requirement. You can check your credit score for free on WalletHub.
Credit Score Recommended by American Express Card
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