American Express appears to primarily pull credit reports from Experian, but this doesn't mean it doesn't occasionally pull from one or both of the other major consumer credit bureaus as well.
Amex primarily pulls Experian, though sometimes Equifax or TransUnion reports. Chase favors Experian, but may also buy Equifax or TransUnion reports.
According to the score ranges from FICO, that means American Express applicants typically have at least a 670 score: Exceptional. 800 and above.
American Express will review your recent credit history and/or other information to determine your eligibility for pre-qualified American Express Card offers.
Which Amex card is the easiest to get? The easiest Amex cards to get are ones with a lower minimum spending requirement for rewards, as well as a low annual fee or no annual fee. Examples include the Blue Cash Everyday Card from American Express and the American Express Cash Magnet Card.
Because Visa is offered by so many more card issuers than American Express, there are more types of Visa cards, so it's typically easier to get approved for a Visa card with a lower credit score than an American Express card.
Although American Express doesn't specify any minimum credit score requirements, you'll need good credit (or better) to qualify, which means a FICO score of at least 670. A premium Amex card — say, the American Express Gold Card — likely requires a “very good” FICO score, somewhere in the range of 740 and above.
Yes, American Express reports authorized users to all three of the major credit bureaus (Experian, Equifax and TransUnion).
Some of the major credit card companies that use Equifax include American Express, Bank of America, Capital One, Chase, Citi, Discover, and Wells Fargo. These companies use Equifax to verify your identity, check your credit history, and evaluate your credit score.
Yes, it's hard to get an American Express card because you will need a good or excellent credit score for approval, along with enough income for monthly bill payments. The easiest American Express cards to get are those that require a minimum of good credit for approval, as opposed to excellent credit only.
The Centurion® Card from American Express is one of the hardest credit cards to get because it requires an invitation, at least $1 million in annual income, and a significant amount charged to other Amex cards each year.
The hardest Amex card to get is the Centurion® Card from American Express. Also known as the “Black Card,” this Amex card is hard to get because it is available by invitation only, and potential candidates are rumored to need an annual income of at least $1 million.
Amex may decide to lower your card's credit limit if your income is reduced, you make late payments, you miss payments, your credit score drops, you have a high credit utilization ratio, you don't use your card frequently or you've been a victim of identity theft.
Your Equifax credit score is more likely to appear lower than your TransUnion one because of the reporting differences, but a “fair” score from TransUnion is typically “fair” across the board.
Although Experian is the largest credit bureau in the U.S., TransUnion and Equifax are widely considered to be just as accurate and important. When it comes to credit scores, however, there is a clear winner: FICO® Score is used in 90% of lending decisions.
American Express authorized users can be denied if they are younger than 13 years old or if they have a bad history with Amex, such as past defaults or lawsuits with the company.
Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.
Is Equifax more accurate than TransUnion? Scores from Equifax and TransUnion are equally accurate as they both use their own scoring systems. Both credit agencies provide accurate scores, and whichever your lender opts for will provide suitable information.
As it's the largest of the credit reporting organisations, most Australian banks use Equifax credit scores in their assessments of credit worthiness. However, they can also use information from the other credit reporting organisations, as well as their own internal risk assessment measures.
They will request tax returns and bank statements. What they're looking for is to make sure the income you reported on the application is true.
American Express 'Apply with confidence' tool
This is done through a soft pull on your credit to determine whether you'll be accepted. If Amex says you should be approved, then you can accept the card, at which point American Express will do any necessary hard pull on your credit.
American Express reports the card's credit limit, account balance, and payment history to all three of the major credit bureaus: Experian, TransUnion, and Equifax.
Yes, it is hard to get the American Express Platinum card because applicants need a 700+ credit score and a high income to qualify for approval. But if you have at least good credit and make a lot of money, you have a decent shot at getting approved.
Yes, it is hard to get the American Express® Gold Card because you will need good or excellent credit for approval. Unless your credit score is 700 or higher and you have a lot of income, it will be very hard for you to get approved for the Amex Gold card.