Does Amex do Hard Credit Pull for Existing Customers?
If you already hold an American Express card, applying for another Amex card won’t result in a hard credit inquiry if you’re denied. They use the information they have on file for you to conditionally approve you, then perform a hard pull to double-check that there have been no major changes to your credit report.
Is Amex Gold a Hard Pull?
When applying for a new American Express Gold Card, you can expect a hard pull on your credit report. A hard pull may have a temporary impact on your credit score. However, responsible credit usage and timely payments can minimize any negative effects over time, allowing you to enjoy the benefits of your Amex Gold Card.
Amex Soft Pull Credit Card Application – BETTER THAN Pre Approval
Upon applying for a chosen Card, a soft inquiry will be made on an applicant’s credit report, and applicants will be told with 100% certainty if they are approved – without any impact on their credit score.
If you carry a classic American Express Green, Gold, or Platinum card, you probably know this doesn’t mean your card has no limit at all.
What happens if you don’t pay American Express in full? If you still pay off your balance in full at the end of the billing period, the card continues to function as it always has, with no interest applied.
Although a credit limit increase is generally good for your credit, requesting one could temporarily ding your score.
The last two cards with Amex have been soft pulls, seems to be the trend lately for existing customers. I’m wanting to get a business card and was wondering if they will do a hard pull for business accounts. My gut says they will.
By most accounts, American Express does not do a hard pull to offer you a higher credit line. That means you don’t have to worry about a negative effect on your credit score.