The Platinum Card® from American Express reports to the credit bureaus monthly, within days after the end of a cardholder’s monthly billing period. The American Express Platinum card reports the card’s credit limit, account balance, payment history, and more to all three of the major credit bureaus: TransUnion, Equifax, and Experian. American Express may use a specific credit bureau more than another, depending on the applicant’s home state, and other factors.
Once the American Express Platinum card reports your account information to a credit bureau, it may take a few days before the updates appear on your credit report. New American Express Platinum cardholders may not see any new credit account info on their credit report for one or two billing periods after getting a card.
American Express uses Experian most of the time. Though Amex will use the other 2 major credit bureaus, TransUnion and Equifax, for some applications, they pull Experian for the majority.
Amex usually only does hard credit pulls for new applications. Some people who already have Amex credit cards will not get another hard inquiry if they apply for another Amex card in the future.… read full answer
American Express approval odds are best for people with good or excellent credit scores (700+), enough annual income to demonstrate the ability to pay the card’s annual fee (if there is one) and the entire balance in full, when applicable. Minimal debt and steady employment are also important.
More info about the American Express approval odds
Your credit score will prove very important to your chances of getting approved, given that all American Express cards require good or excellent credit for approval. A credit score of 700+ is a good start, though some American Express cards require a 750+ credit score for high approval odds. Total annual income, employment status, and outstanding debts could also have a big influence on the outcome of your application.
You can get an American Express credit limit increase by requesting one online or by calling either the number on the back of your card or (800) 528-4800. To request a credit limit increase online, follow these steps:
Log into your Amex account using your credentials.
For phone requests, you’ll be dealing with an automated system at first. But entering your account number and answering the prompts with “Increase credit limit” will get you transferred to a customer service representative who can walk you through the process.
Those are the basics, but there are a few more things you should know before asking for a higher limit.
Here’s how American Express credit limit increases work:
American Express decides your limit based on your credit reports and scores, your total debt and your payment history with Amex. Your income and the amount of credit you use also play a role.
You have a stronger chance of being approved for an increase if you’ve made at least your last five consecutive payments on time. Falling behind on your payments or going over your credit limit will most likely get you a denial.
It is not certain whether Amex will do a hard inquiry or not for credit line increase requests. That means asking for one might cause a temporary dip in your credit score.
There are anecdotal reports of applicants being denied because they asked Amex for a credit limit increase within 60 days of opening their account. That’s not surprising. Credit card companies generally won’t even consider you for a higher limit unless your account has been open for at least six months. Some people also report that the biggest increase you can get is three times your current limit. But that too is unsubstantiated.
There’s no guarantee you’ll get an American Express credit limit increase, but it doesn’t hurt to ask. So long as you don’t use a higher limit to overspend, asking for one can be an easy way to improve your credit score. After all, spending the same amount of money with a higher limit means a lower credit utilization ratio.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.