American Express limits all customers to five personal and business credit cards at a time. The five-card rule does not apply to charge cards, which provides some flexibility if you need more than five Amex cards. Charge cards include the Amex Platinum, American Express® Gold Card and American Express® Green Card.
Card Limits
American Express limits customers to have a total of 5 Amex credit cards open at any one time. This includes both personal credit cards and business credit cards but does not apply to their charge cards.
Unlike a traditional credit card, your Card has no preset spending limit, a unique feature that gives you flexible spending capacity. * This means the amount you can spend adapts based on factors such as your purchase, payment, and credit history.
Does AmEx have a 5/24 rule? No; in fact, the AmEx welcome bonus rules work differently than Chase.
Two cards, two bonuses
And it's possible to earn welcome bonuses on all of American Express' cards. There's no rule prohibiting you from earning a bonus on the Gold card because you have the Platinum card — or vice versa — so long as you meet the other application rules.
Amex 2-in-90 rule
American Express restricts card approvals to no more than two within 90 days. You'll want to coordinate this restriction with the 1-in-5 rule to increase your odds of being approved for multiple Amex cards. Unfortunately, there are no exceptions to the Amex 2-in-90 rule.
Can you have multiple Platinum cards? In general, you can have multiple Amex Platinum cards, but you'll only be able to earn 1 welcome bonus.
2/3/4 Rule
Here's how the rule works: You can be approved for up to two new credit cards every rolling two-month period. You can be approved for up to three new credit cards every rolling 12-month period. You can be approved for up to four new credit cards every rolling 24-month period.
Two credit cards every 90 days
As far as two cards within 90 days goes, it's generally okay to apply for two credit cards the same day — just expect that one application may be delayed a few days before it's approved, and that's fine.
If the full balance due is not paid, the cardholder has to pay additional fees: interest on the balance due… which is very high (around 20%). Also, the CREDIT card has a limit, which is called the “credit limit”. At American Express, the minimum credit limit is $1,000.
You can have as many Amex credit cards as you like, provided that you meet the issuer's eligibility requirements and get approved. There used to be a limit of 4 cards per cardholder. But according to customer service, this limit no longer applies.
Yes, it's hard to get an American Express card because you will need a good or excellent credit score for approval, along with enough income for monthly bill payments. The easiest American Express cards to get are those that require a minimum of good credit for approval, as opposed to excellent credit only.
If you have a Consumer or Business Green, Gold or Platinum Card, your Card does not have a credit limit. Instead, your Card has no preset spending limit unless you have been previously notified otherwise. No preset spending limit means the spending limit is flexible.
The bottom line
Because each card offers different benefits and earning power, it makes sense to carry more than one card. By using the AmEx Trifecta of cards, you'll earn maximum points on travel, dining, groceries and other purchases.
It isn't possible to upgrade the Amex Blue Cash Preferred card to the Amex Gold card. If you decide that the Amex Gold card is a better fit for you then you'll need to apply for it as a new account.
Yes, American Express does have a reconsideration line for applicants to call and request a second review of their denied credit card application. The American Express reconsideration line is (800) 567-1083.
The golden rule of responsible credit card use is to pay off balances in full and on time to avoid paying interest on revolving balances. If you are unable to pay your statement balances in full, then pay as much as you can; experts caution not to only pay the minimum payment that's due.
Golden Rule No. 1: Pay 100 per cent of your credit card bills as far as possible. This way you will reduce your interest outgo to a bare minimum.
The Chase 5/24 rule is an important consideration for anyone applying for a Chase credit card. Chase will likely deny your credit card application if you've opened five or more new cards in the past 24 months. This rule applies to all Chase credit cards, including co-branded and small business cards.
The 15/3 credit card hack is a payment plan that involves making two payments during each billing cycle instead of only one. Anyone can follow the 15/3 plan but it takes some personal management and discipline. The goal is to reduce your credit utilization rate and increase your credit score.
Having too many open credit lines, even if you're not using them, can hurt your credit score by making you look more risky to lenders. Having multiple active accounts also makes it more challenging to control spending and keep track of payment due dates.
The most important principle for using credit cards is to always pay your bill on time and in full. Following this simple rule can help you avoid interest charges, late fees and poor credit scores. By paying your bill in full, you'll avoid interest and build toward a high credit score.
The American Express Centurion Card, colloquially known as the Black Card, is a charge card issued by American Express. It is reserved for the company's wealthiest clients who meet certain net worth, credit quality, and spending requirements on its gateway card, the Platinum Card.
Is it hard to get an Amex Gold card? Getting the Amex Gold Card isn't the easiest card to qualify for as you need good or excellent credit. That means having a minimum 670 FICO score and existing cards in good standing. Being an existing American Express cardholder can also make it easier to qualify.