NEW RULES! How to Get 100% APPROVED for Amex Credit Cards (Amex Credit Card Application Rules 2024)
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- Опубліковано 15 чер 2024
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🎬 VIDEO: Amex Platinum Card Easy to Get?
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🎬 VIDEO: How Many Amex Cards Can You Have?
• HOW MANY AMEX CARDS CA...
🎬VIDEO: Amex Pop Up Window | Amex Pop Up Jail
• UH OH! I Got POPPED BY...
00:00 - Intro
00:54 - General Requirements: You must be 18 years or older and be a U.S. resident.
1:15 - Amex Lifetime Rule: You can get a welcome offer on each Amex card once in your lifetime. However, Amex’s computer systems may only look back around 5 years.
3:12 - Amex Various Factors Rule: You may be denied for various factors, including your history with credit card balance transfers, your history with American Express, the number of cards that you have opened and closed, etc.
4:09 - Amex Pop Up Jail: A pop-up window notifying you that you’re ineligible for a welcome offer.
4:52 - Family Rules (General): You may get 1 welcome offer per card family, or multiple welcome offers based on the cards you’ve opened before.
5:24 - Family Rule (Delta): You may not be eligible for a welcome offer on a Delta credit card based on the one(s) you’ve had before.
8:14 - Family Rule (Marriott): You may not be eligible for a welcome offer on a Marriott Bonvoy credit card based on the one(s) you’ve had before.
10:00 - Family Rule (Amex Platinum, 3 versions): You may not be eligible for a welcome offer on the Amex Platinum Cards based on the one(s) you’ve had before.
10:51 - Family Rule (Amex Gold): You may not be eligible for a welcome offer on the Amex Gold Card if you’ve already gotten a welcome offer on the Amex Platinum Card.
11:22 - Family Rule (Amex Blue Cash Everyday)
11:41 - Family Rule (AmexEveryDay)
11:57 - A Warning…
12:11 - CardMatch: Check for Amex Gold 75K, Amex Gold 90K, Amex Platinum 125K, and Amex Platinum 150K offers.
12:42 - 1/5 Rule: You can get 1 Amex credit card every 5 days.
13:00 - 2/90 Rule: You can get 2 Amex credit cards every 90 days.
13:25 - 4-5 Credit Card Rule: You can get a maximum of 4-5 Amex credit cards.
14:06 - 10 Charge Card Rule: You can get a maximum of 10 Amex charge cards.
14:36 - Amex Credit Score Requirements
15:31 - Amex Soft Pull vs. Hard Pull
16:32 - Rule Summary
16:48 - Steps to Apply (What I Do)
17:38 - Amex Reconsideration Line: If your application goes to ‘pending’ or gets denied, consider calling the Reconsideration Line to see if an underwriter can turn the decision around into an approval. Phone #: 1 (800) 567-1083
Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com, YourBestCreditCards.com, and others. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.
#amex #americanexpress #creditcards - Навчання та стиль
⚠ *UPDATE 2128.2024:* Amex added 'Family Rule' language to the Amex Platinum Card Exclusively for Morgan Stanley, which says, _"You may not be eligible to receive a welcome offer if you have or have had this Card, the Platinum Card, the Platinum Card from American Express Exclusively for Charles Schwab or previous versions of these Cards."_
⚠ *UPDATE 2.08.2024:* Amex added 'Family Rule' language to the Green Card, which says, _"You may not be eligible to receive a welcome offer if you have or have had this Card, the Platinum Card, the Platinum Card from American Express Exclusively for Morgan Stanley, the Platinum Card from American Express Exclusively for Charles Schwab, the American Express Gold Card or previous versions of these Cards."_
⚠ *UPDATE 12.21.2023:* Amex added 'Family Rule' language to the Marriott Bonvoy Bevy Card, which says, _"You may not be eligible to receive a welcome offer if you have or have had this Card, the Marriott Bonvoy Brilliant American Express Card or previous versions of these Cards."_
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Thank you for the update Mark! You are the best source for this kind of information imo.
You're welcome! Glad you enjoy it 💯
Mark, this is a very good, and clear video. Thank you so very much. I appreciate it. You are the only one that lays all of this out so clearly.
Thanks Linda! Glad you found benefit in the video 💯
Good brief. I’d love to hear your input into dual eco system strategies. As a Chase holder, I’m still trying to maximize returns.
Dual ecosystems can make a lot of sense, particularly if you use overlapping transfer partners.
seems i needed to watch this one before I did my application. Talked to reconciliation and they upheld decision. Too high utilization is a killer! Great video! Thanks.
Now ya know 😁 Fortunately, that's an easy fix.
Excellent video, very useful and needed!😎👍🏼
Thanks! Glad you liked it!
Thanks for sharing. I just got approved for the MS platinum
Right on, congrats on the approval! 💥
Great video. Do you have a rule of thumb for how much "regular spend" and for how long that "regular spend" should be occurring before trying to apply? I'm trying to get a 3rd Hilton family card and am pretty sure my lack of spend with my current Amex cards is the cause of not being eligible for the welcome offer.
No, I don't have any general rules for that.
Awesome. I’ve wondered how long for certain offers as I got another in 10 yrs. Or maybe the new card didn’t exist then or does that matter?
Give me an example?
@@MarkReese I opened a newer version of the Amex Everday Credit Card & not expecting it, I got the welcome bonus 3 yrs ago. After having used it pre 2014 when earlier versions of this new no annual fee cards came out
Love these videos.. and your hair lol
Glad to hear it!
Outside of Centurion lounges, my current setup is better for the casual traveler. If the gold card had some access, it would have value to me.
The game doesn’t change, only the players.
Great that you found a setup that fits your needs!
Hey Mark, it's also possible to have a cashback Duo of the Capital One system right? I'm talking about the regular Quicksilver and the SavorOne duo. I may have asked this question before on another video but can't remember. Thanks for replies!
Sure, you can use those 2 cards together.
Hello Mark. Could you do car buying with Amex Plat ?
Yes, there's a special program for that called the Amex Auto Purchasing Program. You can learn more here: global.americanexpress.com/card-benefits/detail/auto-purchase-program/platinum
Hi Mark! Kinda off subject but when people speak on the cumulative credit limit of $35k, is that only for personal cards. Or is that a combination of personal and business? Thanks
I'm not sure. However, that "$35K limit" is not a surefire trigger for a financial review. I, and many other people, have limits that exceed $35K and have not undergone a financial review.
It's also not a hard limit. It would make 0 sense to limit all customers to the same level of credit as everyone has different financial situations.
That said, Amex can perform one whenever they feel like they need to, likely based on certain types of 'risky' behaviors (e.g. rapid increase in spend, a lot of credit compared to income, cycling credit lines, using the 'Check spending power' feature often, etc.).
For that reason, if I feel like I have a lot of credit from Amex compared to my income level, and if I want to get another card, I may request a credit limit decrease first.
Does bill payments count as elegible purchases to get the welcome bonus?
If you mean things like electrical / phone / insurance / etc. bills, then yes, all of those should count.
hi! Great video! Ty for teaching us this. I had to cancel a business platinum card two months ago, but now that i am trying to apply for a personal platinum card, i am getting the same pop up message you showed us. Do you know what i need to do to get the welcome bonus? I have never had a personal platinum card, so i am unsure why i am getting this pop up. My credit score/payments, etc are in goos shape. Any advice? TYSM! :)
Here's a link to a video about when I got the Amex Pop Up, plus some tips of how to get past it: ua-cam.com/video/PpwLiesAzbo/v-deo.htmlsi=vIwfar3IHub24oqo
Thank you so much! Super helpful suggestions. I appreciate you helping me with this so quickly. I thought I was going to be condemned to be in AMex jail forever :P Thank you for giving us tips on what to do to get the welcome bonus. :)
Hey Mark,
Im interested in the delta gold card (eventually to update to platinum), I keep getting denied (too many new cards opened, two 4 months ago!)
but I can see the blue (and all charge cards) available on my pre approvals,
With no previous Amex relationship ship, do you think it’s a good idea to go for the Delta Blue or try in the future for the gold again?
I don’t want to get the blue and get deny of future bonuses !
What’s your opinion? Thank you!
Is the only reason for the denial "too many newly opened accounts?"
How long is your credit history?
@@AmeNoMessage1688 - That credit file looks fine 👍
You can either wait longer & try again for the Delta SkyMiles Gold (I'd likely try again after it's been 6 months), or...
Go with the pre-approved Delta SkyMiles Blue and start the relationship now in hopes it'll help with a SkyMiles Gold next time, but that can't be guaranteed.
There isn't a 'right' answer, it's just preference.
I'd probably just wait longer, esp. since the welcome offer on the Gold could go higher.
Right now I'm only seeing 40K miles. Do you see something higher?
You can only get the welcome offer on each Delta card if you go in order from lowest fee to highest (Blue > Gold > Platinum > Reserve).
@@MarkReese I was thinking of the same, waiting longer as it’s not a 100% sure!
I’ve been able to find 70k on the gold every time!
I appreciate your help Mark (:
Excellent video! What would be a credit limit to income ratio that’s considered high enough to be put in Pop Up Jail?
No idea ✌
Great video. Does Amex have some thing like the 5/24 rule where they look at other bank credit cards? I applied for my first Amex card (BCP) a couple weeks ago and got denied - apparently due to “too many new bank cards”. My credit is excellent, income pretty good, overall utilization at about 5%. I was bummed. I was at 2/6, 4/12, 5/24 when I applied. I applied for the US Bank Cash+ (which i heard was hard to get) at the same time and was approved. Confused based on everything I’ve read trying to create a road map lol.
Nope, the 5/24 Rule is Chase-specific. However, many banks are known to deny an application due to "too many new cards" and/or "too many new inquiries."
I'm surprised that U.S. Bank gave you the approval but Amex didn't! Typically, U.S. Bank is the (much) more difficult issuer while Amex tends to be quite relaxed 😅
In my experience, Amex has not been that sensitive to newly opened accounts or recent inquiries, so this result surprised me.
That said, you were denied by a computer. Did you call the Amex Reconsideration department to see if someone could turn the decision around?
@@MarkReese I did! And they said I had too many new accounts. I tried to ask them how many was too many and within what timeframe so I could try again when I was at a better position for their criteria and they tried to refer me to my credit report….also- I just realized I was denied using the pre-approval tool. Referred me to choice credit cards or something like that. Ouch.
Maybe wait 6 mths after your last new account then try again.
@@docsays appreciate the advice. Wasn’t sure how long to wait. It said I could apply again in 30 days but 6-12 months is probably a better bet. I have anywhere from 1 to 5 hard inquiries on the three credit bureaus but I think they use the one that has the most….boo. Haha
When I had a gold card there were no bonuses. Then again there were no partial payments either.
Now offers are are year round!
@@MarkReese There were no offers then either.
Thanks for clearing up the blue card though, I found it hard to decipher, even after having a gold card! It was a godsend as an expat, except that they changed my billing office which moved it to a different currency.
I applied for the Green Card as my first credit card in the US last July. I recently applied for the everyday blue cash but they declined saying I dont have 6 months of credit history in the US. Is there any workaround for this?
Not that I'm aware of. If a long credit history is the reason for a denial, I'd wait longer & keep building. I would personally wait 6 more months before the 2nd attempt.
So if I had a Amex plat already, I can’t get any other bonus offers for the Amex cards?
You can still get a bonus on other Amex cards as long as the rules allow you to. For example, you can still get a bonus on the Green Card, Delta cards, Marriott cards, Blue Cash cards, etc. But you can't get a bonus on another personal Platinum Card or the personal Gold Card.
I just got the AmEx Gold in September. I have opened a Chase Ink Cash and a Freedom Unlimited in October. When is a good time to apply for the AmEx Platinum? I will be travelling back and forth from HI to CA for the next few years. Do I even need the Platinum for this type of travel?
There isn't a set rule for that. You can apply for the Amex Platinum Card whenever you like 👍
You don't 'need' the Amex Platinum card for HI>CA travels. The card is only valuable if you personally value & would use the benefits it provides.
@@MarkReese I know Hawaiian flies out of Tom Bradley International Terminal at LAX so I would have access to the Centurion Lounge. Not sure a $695 AF is worth using the Centurion Lounge 3-4 times a year tho.
And the 80,000 points which is enough for 2 RT tix on Hwn from HI to CA.
@@kaina732 - Correct, but I'm not here to say "get the card" or "don't get the card." The choice is 100% up to you based on what you value. The value in Year 1 is likely there though, especially if you can get a bigger offer than 80K. That would at least get you more points to cover the fee cost with more left over for a future trip. Check out CardMatch to see if you can get targeted for one: markscreditcards.com/cardmatch
@@MarkReese Thanks! I don’t think I will get the value from this card until I can start doing some international travel (and more frequent.). I will pass for now. Eventually I will add the Platinum.
Do 1/5 and 2/90 apply across business and personal?
Not sure about that. I personally act as if they do.
I have a Platinum card. I also just got a Business Platinum card and was about to start working on the spending requirement. I do not remember getting the notification during the process, disclosing whether or not I am eligible for the bonus. Does the personal platinum card qualify as a previous version? That would suck.
If you have the personal Platinum Card, you can still get the welcome offer on the Business Platinum Card.
Thank you!
AMEX FHR price hike?
Just an observation, all the prices are higher next year in Las Vegas around 300-400/night. Venetian is a hotel collection as opposed to FHR. Am I doing something wrong or are there fundamental changes?
Thanks!
Interesting, not sure ✌
You mentioned that the charge card maximum rule applies across business and personal.. does the 4-5 credit card rule apply there as well? I just got my first Amex credit card but it’s on the business side. Will that affect how many personal credit cards I can get as well? Thanks! I’m kind of assuming this will be the case lol but I just figured I’d ask.
Yes, the 4-5 credit card rule includes business cards.
@@MarkReese thank you!
Is one eligible if they have been an AU in a relative’s card for some years?
What do a person filed Ch7 and included their AMEX Gold in the BK 9 years ago? Is that person EVER eligible for an AMEX ever again?
1. If you're an AU on someone's account, you can still get the card + welcome offer on your own.
2. I don't know how Amex deals with bankruptcies internally. If I were in that situation and the negative mark fell off my credit report, I'd try an application.
I right now have 6 total amex (2 charge, 2 business, 2 personal). So I think I could get at least 2-3 more personal
Awesome!
Do amex charge cards like the gold and platinum affect the chase 5/24 rule? Was planning to open chase cards soon
yes, they do. Only business cards don't count towards 5/24
Yes. They do count against the Chase 5/24 rule just like any other credit card on the market as it does affect you on your personal credit report.
Yes they do 👍
yes
Does any of the Amex Business cards offer cash advances?
I haven't checked the terms for that to know; it's not a feature I recommend using. Check the "Rates & Fees" link on each business card page to see what they say.
So you can no longer receive a welcome offer for both the Gold and Platinum respectively. Just one or the other?
Have to go upwards in the ranking. Green first to get green bonus, then go with gold to get gold bonus. Up to the plat last. Can’t get plat first then get gold bonus later
You can still get a welcome offer on both, but only if you get the Gold Card first & the Platinum Card second.
@@MarkReese But I recently called Amex and they said you can get on only one welcome offer
The Amex Hilton aspire card with a new look and a new annual fee today !
Indeed! The Surpass too w/ new benefits (and the no-fee version...design change only).
Hey yall my longest credit line was only 2 years and 1/2 and i had a score of 731 and just got approved yesterday for platinum! I will say i did open a savings account with $10 a year prior with amex i didn't add any more money just let it sit
Congrats on your approval! Enjoy the card 💯
If i was an authorized user for amex card before, can i apply for the card and get the welcome offer?
Yes 👍
does authorized user counts towards your 5 cards total with amex ?? not the same card , a different one
No, only cards for which you're the primary cardholder.
Thank you Sir
So I got a targeted offer in the mail to upgrade my blue cash everyday into a blue cash preferred, my question is if I decide I don’t want the preferred anymore can I downgrade back to the everyday or would I have to just close that card and reapply for the everyday again?
You can downgrade as long as it’s not within the one year intro offer or if you got a bonus but they told me even if you pay the annual fee you have 30 days to go back and downgrade
@@giuseppeaprile3628 if I got a bonus on the preferred I can’t downgrade?
You can downgrade later. If you choose to upgrade, just be sure to keep the Preferred version for at least 1 year to avoid any penalties (like the upgrade bonus being taken back).
I think the blue cash everyday is easier to get then any of the charge cards
I got my foot in the door with bce and yeah I can have any of them at this point, even just 1 year later
Could be, but I have no data to suggest anything.
Hey I tried applying Amex platinum/gold but I wasn’t approved I have no clue why even though I have credit score of above 750
Call the reconsideration line to learn why & ask if there's a way to turn the decision around.
Something I noticed is that if one starts a relationship with Amex as an authorized user on someone’s card (which only triggers a soft pull) and applies for their own personal card while still being an authorized user on someone else’s account, the personal card application will only trigger a soft pull, essentially avoiding any hard pulls whatsoever.
Interesting! I wonder if that's always the case, usually the case, or sometimes the case. Thanks for sharing!
This was not the case for my player 2. She got a hard pull from transunion and experian, and she has been an AU on my Amex card for over 8 years. Also an AU on a second amex card for 7 months prior to applying for a card herself.
can we still use property taxes on a rental buisness to meet spending requirements?
While I would think so, I cannot confirm as I haven't tried it.
Update?
I need help with my credit
In what way?
ok
✌
I just get approved for 1000$ Blue cash card with my credit score 765. I know is not much but it is my first Amex card. I have other cards like Visa with 15k limits but amex is a status symbol hahaha
Congrats on your approval!
Likewise, I've had it for a year now.. Maybe four months after having it, they gave me an increase of 1500 without asking.. Total 2500 after a few more months I asked for an increase and now I am at 7500.. I think you can request an increase every few months, so I missed out on some, but I will make up for it later on..
Sorry... I don't think a 670 is getting you an AMEX card. I tried for 2 years to get an AMEX card and did not get approved until I had over a 720 and over 70k income. I tried several times with no luck and I had excellent payment history and credit amount. Everyone says getting an AMEX card is so easy and anyone can get a gold Amex... That is not what I found to be the case at all.
People's experiences may vary. Check out this video, and especially the comments section:
ua-cam.com/video/vJ-5eM-pqAw/v-deo.html
There are data points of approvals for the Amex Platinum Card at scores of 656, 640, and more.
Typically, the Green / Gold / Platinum tend to be the easiest to get.
I have a 665 with charge offs got approved
To add to that Amex would never give you a credit card unless you have a great credit score and you annual income has to be immaculate
Not true.
That couldn't be further from the truth.
May Not does not mean Will Not...
Correct 👍
I’m in Amex pop up jail and it’s driving me nuts
😬
I would say I don't know how I find you on UA-cam, but I
know better. My husband and I have been in prayer so that
we get our credit scores up and our credit record in great
shape so that we can purchase our forever home. It was no
one but God that led me to....
I hope the videos help you! To improve your credit score, you may find this video helpful: ua-cam.com/video/nMJwmeWptVQ/v-deo.htmlsi=otmA9rVzkvU99-30
I did the pre
Qualify deal and they always say no. I have high scores and everything right, i called them, they don't have a answer except my demographics. They are very discrimination all!
😬
Have you made sure all the information on your credit reports is up to date and removed previous information that is no longer valid from them?
Well, at least I found out how to 100% NOT get approved........
Did you apply for an Amex card & get a denial? If so, did you find out why and call the reconsideration line?
👍🏻
👊
Unless they give Platinum for $100, it is not worth it! coupons, coupons, coupons....; impossible to use their credit. One will need to hire someone to check which credit is which day and month! hahahaha
It's crazy!
👌🏾👍🏾👍🏾
👊👊👊
I have 13 credit cards.
you should cancel 13 of them.
Impressive, congrats on the approvals!
@@berryzedzero that would put me out of the game. 🤔
@@MarkReese thanks Mark! Its almost all your fault btw.
@@LouThaEnergy EXACTLY!
Just to be provocative, I would add that to read terms and conditions, one would have to hire a lawyer Since Amex keep changing their terms all the time! hahahaha
😂👍
Step 1, have credit. Step 2, apply.
😁👍
Are you purposely calling it Charles Schlob?
Nope.
Well, keep up the intense hard work in the credit card world for regular joes like me to benefit from. Much appreciated and thank you.
Grade A as per usual
🏆
🤑
💵
Anex helped my company ten fold.
Great to hear! How so?
I'm 100% staying out of the game.
it definately takes effort to plan out and everything like that…for me it has been worth it. especially if you are actively traveling
@@TheTrumpetboss true cost of the game has yet to be revealed
@@berryzedzerozero sum gain?!
@@Elricky124 the game is the game. No one ever got out ahead except the fat cats at the top.
Did you throw a Leaving the Game Party? 🎉
NEW HILTON HONORS CARD LOOK!!! ALSO NEW BENEFITS!!!Priority PASS now gone on Aspire Card and $550 annual fee...Surpass now $150
Yep! 👍
You know how you can apply to see if you’re approved before it hits your credit report but only hits your credit report if you accept the approval? Is that legit?
Some issuers do have that pre-approval option. Amex is one of them when you see the 'Apply With Confidence' feature. Yes, it's legit.
@@MarkReese let’s say even if I’m approved, I don’t wanna accept. Will it still hit my credit report? I’m assuming no.
@@TheTubeMeister - It may vary by issuer, but with Amex, no.
Good Educational Content 🫡
Thank you 👊