topic Re: Who does Amex HP when applying? in Credit Card Applications

Who does Amex HP when applying?

rgd51 — Thu, 10 Nov 2022 22:04:03 GMT

I'm thinking of applying for the cash magnet. Who does Amex HP when you apply for one of their cards?

Re: Who does Amex HP when applying?

increasingmyfico — Thu, 10 Nov 2022 22:24:33 GMT

@rgd51 wrote:
I'm thinking of applying for the cash magnet. Who does Amex HP when you apply for one of their cards?

Exp

Re: Who does Amex HP when applying?

rgd51 — Thu, 10 Nov 2022 22:26:17 GMT

They won't pull any others? Do they have rules on how many recent inquiries are acceptable? I got denied by citi for 1 recent inquiry.

Re: Who does Amex HP when applying?

simplynoir — Thu, 10 Nov 2022 22:42:46 GMT

@rgd51 wrote:
They won't pull any others? Do they have rules on how many recent inquiries are acceptable? I got denied by citi for 1 recent inquiry.

There isn't really a hard number to go by honestly as far as how many inquiries on your EX report are acceptable. They seem to be really relaxed as far as previous credit exploration to an extent compared to other banks. As long as you have not been excessively seeking credit recently and have no previous negative history with AMEX to go along with good scores you should really have no worries. Other banks like Citi and US Bank have more stringent requirements and should not color your views on how other banks operate

Did the Citi denial mention only the one inquiry as the reason for the denial? I am surprised because recent data points suggest there is a 3/6 rule with inquiries where 3 or more HPs in a six month period is an automatic denial with no exceptions not even during recon

Re: Who does Amex HP when applying?

GZG — Thu, 10 Nov 2022 22:50:01 GMT

@rgd51 wrote:
I'm thinking of applying for the cash magnet. Who does Amex HP when you apply for one of their cards?

check for this when you apply

Usually Ex, sometimes Ex + TU

Re: Who does Amex HP when applying?

rgd51 — Thu, 10 Nov 2022 22:51:03 GMT

Yeah citi told me it was the 1 recent inquiry that was the entire reason for my denial. I've had 2 experian inquiries in the last 2 days that both resulted in denials (I applied for the chase freedom flex but was denied due to having received a SUB too recently). Now I'm concerned another place that pulls only EX will deny me despite my perfect credit history and over 800 fico. Who pulls only TU and EQ?

Re: Who does Amex HP when applying?

simplynoir — Thu, 10 Nov 2022 22:55:10 GMT

@rgd51 wrote:
Who pulls only TU and EQ?

The list was last updated back in summer 2021 but it's a good reference to get things started

https://ficoforums.myfico.com/t5/General-Credit-Topics/The-quot-Which-Banks-Pull-Which-Report-For-Apps-quot-list/td-p/5542910

Re: Who does Amex HP when applying?

rgd51 — Thu, 10 Nov 2022 22:58:09 GMT

I live in Utah. Do you know which one Amex pulls in utah?

Re: Who does Amex HP when applying?

OmarGB9 — Thu, 10 Nov 2022 23:04:35 GMT

@rgd51 wrote:
I live in Utah. Do you know which one Amex pulls in utah?

Pretty sure its still EX; they're pretty consistent EX pullers. Though they do sometimes double pull and hit TU as well.

Re: Who does Amex HP when applying?

simplynoir — Thu, 10 Nov 2022 23:04:47 GMT

@rgd51 wrote:
I live in Utah. Do you know which one Amex pulls in utah?

Experian is what AMEX uses primairly for making credit decisions for all future/currrent customers. FWIW once in a blue moon they may also pull one of the other two bureaus but we don't receive many reports of that happening

Re: Who does Amex HP when applying?

rgd51 — Thu, 10 Nov 2022 23:06:27 GMT

@simplynoir wrote:
@rgd51 wrote:
I live in Utah. Do you know which one Amex pulls in utah?
Experian is what AMEX uses primairly for making credit decisions for all future/currrent customers. FWIW once in a blue moon they may also pull one of the other two bureaus but we don't receive many reports of that happening

Who does discover usually pull? I won't ask about cap one since they like to triple pull

Re: Who does Amex HP when applying?

simplynoir — Thu, 10 Nov 2022 23:10:39 GMT

@rgd51 wrote:
@simplynoir wrote:
@rgd51 wrote:
I live in Utah. Do you know which one Amex pulls in utah?
Experian is what AMEX uses primairly for making credit decisions for all future/currrent customers. FWIW once in a blue moon they may also pull one of the other two bureaus but we don't receive many reports of that happening
Who does discover usually pull? I won't ask about cap one since they like to triple pull

Believe they use Equifax primairly with some Experian and Transunion sprinkled in. They don't have a "set" bureau like AMEX does with EX

Re: Who does Amex HP when applying?

rgd51 — Thu, 10 Nov 2022 23:11:55 GMT

@simplynoir wrote:
@rgd51 wrote:
@simplynoir wrote:
@rgd51 wrote:
I live in Utah. Do you know which one Amex pulls in utah?
Experian is what AMEX uses primairly for making credit decisions for all future/currrent customers. FWIW once in a blue moon they may also pull one of the other two bureaus but we don't receive many reports of that happening
Who does discover usually pull? I won't ask about cap one since they like to triple pull
Believe they use Equifax primairly with some Experian and Transunion sprinkled in. They don't have a "set" bureau like AMEX does with EX

Seems like EX is the most popular one that lenders like to use. I also read that the cash magnet got rid of the $25 redemption minimum.

Re: Who does Amex HP when applying?

simplynoir — Thu, 10 Nov 2022 23:20:00 GMT

@rgd51 wrote:
@simplynoir wrote:
@rgd51 wrote:
@simplynoir wrote:
@rgd51 wrote:
I live in Utah. Do you know which one Amex pulls in utah?
Experian is what AMEX uses primairly for making credit decisions for all future/currrent customers. FWIW once in a blue moon they may also pull one of the other two bureaus but we don't receive many reports of that happening
Who does discover usually pull? I won't ask about cap one since they like to triple pull
Believe they use Equifax primairly with some Experian and Transunion sprinkled in. They don't have a "set" bureau like AMEX does with EX
Seems like EX is the most popular one that lenders like to use. I also read that the cash magnet got rid of the $25 redemption minimum.

Correct, all AMEX cash back cards (BCE, BCP, Magnet) got rid of the minimum redemption thresholds

Re: Who does Amex HP when applying?

Jnbmom — Thu, 10 Nov 2022 23:20:32 GMT

Discover always pulls EXP for me .

Re: Who does Amex HP when applying?

Who_wuda_thought — Thu, 10 Nov 2022 23:50:02 GMT

@rgd51

If you search "Amex" in approvals, you will find that nearly all recent new Amex card apps resulted in a double EX and TU hard pull. It was the case for myself also, when I applied/was approved for BCP 10/22/22. As mentioned previously though, when you apply through the new "Know If You're Approved..." Amex pages, you will not receive a HP unless you are approved and accept. Denial = no HP

Re: Who does Amex HP when applying?

Who_wuda_thought — Thu, 10 Nov 2022 23:56:04 GMT

@rgd51

@rgd51 wrote:
@simplynoir wrote:
@rgd51 wrote:
I live in Utah. Do you know which one Amex pulls in utah?
Experian is what AMEX uses primairly for making credit decisions for all future/currrent customers. FWIW once in a blue moon they may also pull one of the other two bureaus but we don't receive many reports of that happening
Who does discover usually pull? I won't ask about cap one since they like to triple pull

Discover apps seem to generate EX HP's mostly, as you'll see in the (updated) chart in the link below, as well as a search through approvals forum. You mmk ight want to bookmark this link for future reference. OP has been updating.

https://ficoforums.myfico.com/t5/General-Credit-Topics/Which-Report-Will-They-Pull-Part-2/td-p/6379773

Re: Who does Amex HP when applying?

rgd51 — Fri, 11 Nov 2022 00:03:58 GMT

I applied for the cash magnet and got approved with their lowest APR of 17.74%. They did a double pull. It was TU and EX that they pulled for me. It seems they didn't pull EQ. I got a $14,800 SL. I'm glad I applied for it rather than the quicksilver since cap one likely would have given me a low CL as they had in the past.

Re: Who does Amex HP when applying?

Tazman81 — Fri, 11 Nov 2022 00:30:10 GMT

Congrats and welcome to the AMEX family. Good news will be in the future, if you decide to get other cards through AMEX, it is typically a soft pull so you will have room to grow. Also CLI are usually soft pulls as well.

Re: Who does Amex HP when applying?

Suzette2 — Fri, 11 Nov 2022 02:34:58 GMT

@rgd51 wrote:
I'm thinking of applying for the cash magnet. Who does Amex HP when you apply for one of their cards?

My first card was a double pull: EX and TU. After that all SP for all my cards