@Anonymous wrote:App for the auto loan first and those inquiries may drop your scores a little. Then app for your Amex cards shortly after, before the auto loan has time to report which may drop your scores due to age of accounts factors being reduced. I believe Amex will only HP you once on EX whether you get 1 card from them or 3, so if you're after 3 you may as well go for all of them at once.
I don't think OP should go for 3 Amex cards at once; they're not going to be granted.
IMHO they should be done 1 at a time, at intervals of 8 days or more. And if they're all revolvers, the total should be 2, not 3.
After 1 is granted, there will probably be no further HP's from Amex. Amex usually does not HP existing cardmembers.
As to whether HP affects your score immediately -- if it's going to affect your score yes it will affect your score immediately. But not all HP's affect your score, it depends on whether you have moved from 1 tier to another.
@Anonymous wrote:
@SouthJamaica wrote:I don't think OP should go for 3 Amex cards at once; they're not going to be granted.
IMHO they should be done 1 at a time, at intervals of 8 days or more. And if they're all revolvers, the total should be 2, not 3.
Does Amex have a rule or something against apping for multiple revolvers at once and/or a rule that you can only possess 2?
Amex only allows you to apply for 2 revolvers in a 90 day period, I believe, and 1 revolver every 8 days. But, if it's your first amex, some people have been able to get approved for 2 if they're done almost back to back. There's no limit on the charges and can be apped at the same time as the revolvers. So, you could get 3 in 8 days, rare occurrences of all 3 in one day.
@Anonymous wrote:
@SouthJamaica wrote:I don't think OP should go for 3 Amex cards at once; they're not going to be granted.
IMHO they should be done 1 at a time, at intervals of 8 days or more. And if they're all revolvers, the total should be 2, not 3.
Does Amex have a rule or something against apping for multiple revolvers at once and/or a rule that you can only possess 2?
No it's just that in my experience, if you apply for 2 within a week, they will put one on hold and possibly deny it because they just gave you a card. If 1 is a revolver and 1 is a charge card, it's less likely to cause a problem, but it's best to just wait the week IMHO. There is rarely an HP these days when someone who already has an Amex card applies for another.
To my mind the world's greatest expert on Amex peculiarities is @Anonymous so if @Anonymous enters this conversation and disagrees with me, I defer to him.