You can typically only be approved for 2 revolvers in a 90 day period. Charge cards are exempt. You could open 2 personal revolvers and 3 personal charge cards in a 6 day period. But like many things Amex, if your profile and/or income is strong enough, the rule can be skirted.
@Anonymous wrote:@Ramsport A comforting aspect of American Express is that even if they deny the request for now, they are only performing a soft pull.
*Usually* it's only a SP, but NOT always. There are a few members on here who have experienced that firsthand. Brian is one of them, actually.
And I believe the 6 days thing was just an example, not any sort of rule.
@OmarGB9 wrote:
@Anonymous wrote:@Ramsport A comforting aspect of American Express is that even if they deny the request for now, they are only performing a soft pull.
*Usually* it's only a SP, but NOT always. There are a few members on here who have experienced that firsthand. Brian is one of them, actually.
And I believe the 6 days thing was just an example, not any sort of rule.
Correct. You can substitute any number between 1 and 90 there.
Also, policies that apply to underwriting for threshold limits are usually completely unknown to those who do not work in underwriting at a given financial institution. Policies like this Amex 2/90, Chase's 5/24, etc. are built into the underwriting algorithm, and there's generally no reason front-line workers would need to be aware of these policies as they do not make lending decisions. When it comes to underwriting requirements and policies, forums such as this will have far more thorough knowledge than most CSRs.
@OmarGB9 wrote:
@Anonymous wrote:@Ramsport A comforting aspect of American Express is that even if they deny the request for now, they are only performing a soft pull.
*Usually* it's only a SP, but NOT always. There are a few members on here who have experienced that firsthand. Brian is one of them, actually.
And I believe the 6 days thing was just an example, not any sort of rule.
It's the soonest you can acquire 5 cards with them. You can apply for all the charge cards along with a revolver on day 1. You have to wait 5 days before you can be approved for a second revolver. At that point you're 2/90. Technically you could have 6 (if you don't count business) if you also apply for the Schwab platinum.
@Ramsport wrote:So if I'm understanding you correctly I could in essence apply for two more charge cards it not be a hard pull therefore not affecting my credit score.
I have the Platinum on the 2nd of August I'm going to apply for the BCE or some other credit card I'm figured out which.
Could you also clarify this 6 days thing.
Thank you for your responses
If you're an existing member, you have a very high chance of SP approvals. Doesn't mean they won't randomly HP you on an app. It happened to me once. Regardless if it's soft, it will still affect your credit once it reports by reducing your AAoA.