Some great news on the Amex front today.
Last May, Amex changed their internal application rules to limit the total number of cards you could have to be 4 credit card products and 10 Charge / Pay Over Time products. That was a decrease from 5 to 4 credit cards and, to be clear, that includes both personal and small business American Express credit cards.
Doctor of Credit reports today that Amex has reverted to the 5 credit card limit, so if you have 4 and therefore were ineligible for a new Amex credit card, you would appear to be able to grab one more as of today.
However, holders of the Amex Green Card may be in a slightly murkier situation.
When I applied for the American Express Green Card last month to grab 50,000 Membership Rewards points plus a $200 home furnishings credit, I did so because I already had 4 credit cards. I was approved no problem. However those with 3 credit cards plus a Green Card (which is not technically a credit card product, though it defaults to Pay Over Time to function as a credit card) were getting turned down for a 4th credit card and were being told specifically that the Green Card was being counted against the credit card limit.
With this change, in theory, it should work as follows:
- You can have 10 charge-style Amex cards – meaning the Gold, Platinum, and Centurion cards.
- You can have 5 Amex credit cards (everything that is not Gold/Platinum/Centurion).
- If you currently hold a personal Amex Green Card, that is likely to count against the 5 credit card limit if you were to try to apply for another credit card product.
- If you have 5 credit cards now, you should still be able to get approved for a Green card (and certainly for any charge-style card product)
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You can find credit cards that best match your spending habits and bonus categories at Your Best Credit Cards.
New to all of this? My “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available on Amazon and at major booksellers.