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Just an FYI with AMEX

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Anonymous
Not applicable

Just an FYI with AMEX

I applied for Amex and was initially approved. I did a second app right after and was denied a week later. They did a HARD pull, maybe because the apps were back to back. Anyway, I was reading in the forums that if you're denied and you're an existing customer it's a soft pull. And I spoke with someone at AmEx and he said it's always a hard pull no matter what. Luckily, I only have a few inquiries so it's not a big deal. Just wanted to let you all know. :-)
Message 1 of 10
9 REPLIES 9
Involver
Valued Contributor

Re: Just an FYI with AMEX

You've misread or been mis-informed.

 

If you request a credit line increase and are denied as an existing cardholder it will be a SP.

 

If you request a new line of credit, regardless of your customer standing, it will be a HP.

 

You can circumvent this rule by applying for a revolver and then a charge card in the same day, which will cause the pulls to merge.

 

Message 2 of 10
Anonymous
Not applicable

Re: Just an FYI with AMEX

Got it! Thanks. 🙃
Message 3 of 10
RonM21
Valued Contributor

Re: Just an FYI with AMEX


@Involver wrote:

You've misread or been mis-informed.

 

If you request a credit line increase and are denied as an existing cardholder it will be a SP.

 

If you request a new line of credit, regardless of your customer standing, it will be a HP.

 

You can circumvent this rule by applying for a revolver and then a charge card in the same day, which will cause the pulls to merge.

 


+1



Total CL: $321.7kUTL: 2%AAoA: 7.0yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | AMEX-42k | DISC-40.6k | PENFED-38.4k | LOWES-35k | ALLIANT-25k | CITI-15.7k | BARCLAYS-15k | CHASE-10k

Message 4 of 10
Anonymous
Not applicable

Re: Just an FYI with AMEX


@Involver wrote:

You've misread or been mis-informed.

 

If you request a credit line increase and are denied as an existing cardholder it will be a SP.

 

If you request a new line of credit, regardless of your customer standing, it will be a HP.

 

You can circumvent this rule by applying for a revolver and then a charge card in the same day, which will cause the pulls to merge.

 


That's not correct.

 

A CLI request is almost always a SP with AMEX, whether approved or denied.

 

It used to be that if you were an existing card holder and you applied for a new card and were denied it was only a SP; but if approved it was a HP. However, things seem to be changing and some people are getting HPs even when denied.

Message 5 of 10
Anonymous
Not applicable

Re: Just an FYI with AMEX


@Anonymous wrote:

@Involver wrote:

You've misread or been mis-informed.

 

If you request a credit line increase and are denied as an existing cardholder it will be a SP.

 

If you request a new line of credit, regardless of your customer standing, it will be a HP.

 

You can circumvent this rule by applying for a revolver and then a charge card in the same day, which will cause the pulls to merge.

 


That's not correct.

 

A CLI request is almost always a SP with AMEX, whether approved or denied.

 

It used to be that if you were an existing card holder and you applied for a new card and were denied it was only a SP; but if approved it was a HP. However, things seem to be changing and some people are getting HPs even when denied.


That's better!

Message 6 of 10
ojefferyo
Valued Contributor

Re: Just an FYI with AMEX

Usually its a SP when denied, I thinking what happened was it was approved conditionally via SP so their system did a HP and didn't like what it saw and denied the app. 

Amex Platinum, Amex Hilton HHonors Surpass, Chase Southwest Premier, Chase Marriott Rewards Premier, Discover IT, Sony Visa, Barclay Arrival+ MC, Cabela Visa, Walmart SC, Amazon SC, Kohls, Diners Club Premier, PayPal Credit, PenFed Platinum Reward Visa, PenFed PLOC, Chase Ritz Carlton, Citi TY Premier, Amex BCP, Discover Miles, Care Credit, Blue Nile SC, iComfort SC, Cap1 Venture, Chase Hyatt, Lowes, US Bank Cash+, Citi Costco Visa
Message 7 of 10
Involver
Valued Contributor

Re: Just an FYI with AMEX


@Anonymous wrote:

@Involver wrote:

You've misread or been mis-informed.

 

If you request a credit line increase and are denied as an existing cardholder it will be a SP.

 

If you request a new line of credit, regardless of your customer standing, it will be a HP.

 

You can circumvent this rule by applying for a revolver and then a charge card in the same day, which will cause the pulls to merge.

 


That's not correct.

 

A CLI request is almost always a SP with AMEX, whether approved or denied.

 

It used to be that if you were an existing card holder and you applied for a new card and were denied it was only a SP; but if approved it was a HP. However, things seem to be changing and some people are getting HPs even when denied.


 

When was it that a denial for a new line of credit was a soft pull?

 

Also, I never insinuated that a successful CLI request was a hard pull.

Message 8 of 10
Anonymous
Not applicable

Re: Just an FYI with AMEX


@Involver wrote:

@Anonymous wrote:

@Involver wrote:

You've misread or been mis-informed.

 

If you request a credit line increase and are denied as an existing cardholder it will be a SP.

 

If you request a new line of credit, regardless of your customer standing, it will be a HP.

 

You can circumvent this rule by applying for a revolver and then a charge card in the same day, which will cause the pulls to merge.

 


That's not correct.

 

A CLI request is almost always a SP with AMEX, whether approved or denied.

 

It used to be that if you were an existing card holder and you applied for a new card and were denied it was only a SP; but if approved it was a HP. However, things seem to be changing and some people are getting HPs even when denied.


 

When was it that a denial for a new line of credit was a soft pull?


With Amex it was that way for years. Some people still get by with it; others don't.

Message 9 of 10
myjourney
Super Contributor

Re: Just an FYI with AMEX


@Anonymous wrote:

@Involver wrote:

@Anonymous wrote:

@Involver wrote:

You've misread or been mis-informed.

 

If you request a credit line increase and are denied as an existing cardholder it will be a SP.

 

If you request a new line of credit, regardless of your customer standing, it will be a HP.

 

You can circumvent this rule by applying for a revolver and then a charge card in the same day, which will cause the pulls to merge.

 


That's not correct.

 

A CLI request is almost always a SP with AMEX, whether approved or denied.

 

It used to be that if you were an existing card holder and you applied for a new card and were denied it was only a SP; but if approved it was a HP. However, things seem to be changing and some people are getting HPs even when denied.


 

When was it that a denial for a new line of credit was a soft pull?


With Amex it was that way for years. Some people still get by with it; others don't.


+1 For years and years and more years 

Now it's a YMMV even for existing clients some get a HP with a denial 

Some still get a SP for denial

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 10 of 10
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