Bet You Didn’t Know: A shared secret about Amex credit pulls, plus an Offersbot update

By Julian, author of Devil’s Advocate

 

One of the things I love about writing both this series and my Devil’s Advocate column over at Travel Codex is how often people are willing to selflessly contribute ideas and tips to share with the community. It’s great to have such resources since I can’t possibly know about everything that exists out there.

For instance, yesterday saw the release of the new “Star Wars” trailer. I don’t get too worked up about “Star Wars” but there are people who obsess over every last detail. Which is good, because then I have someone to turn to when I wonder how the lightsaber that Anakin Skywalker had first, but which Obi Wan then gave to Luke, except Luke lost it when Darth Vader cut off his hand during their fight in “Empire Strikes Back” but now here is clearly the same lightsaber being given to someone else in the new trailer, so how the heck did Luke get it back, huh??? Someone tell me that!

amex credit pull

Where was I? Oh, yes. Today’s “Bet You Didn’t Know” tip is a great example of contributions to the community, as it was generously shared with me for this post by none other than the Doctor of Credit himself, William Charles. Doctor of Credit is a blog with terrific coverage of credit card and checking account deals and is on my personal must read list every day (along with Frequent Miler and Travel Codex, of course). You’ll definitely want to check it out and add it to your blogroll if you haven’t already.

An Amex credit pull surprise.

Through his research, William has discovered some interesting and potentially useful info about how Amex pulls credit reports when you apply for an American Express card. Specifically, if you are already an American Express cardholder (which I’m guessing applies to most folks here) and apply for another Amex card, Amex first uses whatever soft pull info they already have on file internally for you to determine if you qualify. Only after they’ve determined that you’re approved for a new card do they pull your actual credit profile to confirm that there haven’t been any major changes.

So what does this mean for our purposes? Simple. If you’re an existing Amex cardholder and get rejected for an additional Amex card, there is no hard pull for the application on your credit report.

That knowledge makes the calculation for applying for American Express cards a lot easier. If you know you won’t be wasting a hard pull on a possible Amex denial, you can be a lot more aggressive about going after Amex signup offers. Since Amex tends to use Experian like many other banks, it also means you won’t have any useless Amex hard pulls cluttering your most used credit report.

Remember that Amex currently only allows one bonus per personal product per lifetime, so while you can be aggressive about multiple products, you don’t want to use up that one-time bonus on a lesser offer. Wait for the better offers to come along before you pull the trigger. If you’re applying for Amex business cards, you can still get multiple bonuses (FM edit: make sure to wait at least 12 months after cancelling the previous card!), so in that case you can signup for cards based on the application terms and conditions.

Again, this only applies if you’re already an Amex cardholder. New Amex customers will get a hard pull regardless of whether their application is approved or denied.

(UPDATE: As of 6/12/2015, Will at Doctor of Credit has done further research and has discovered that Barclaycard has a similar policy on soft pulls when denying a current Barclaycard customer. You can check out his updated list of issuers that offer this feature here).

Offersbot shutdown and update.

As first noted by Doctor of Credit as well, Offersbot has been permanently suspended by Twitter. If you’ll recall, I wrote about Offersbot when it first appeared on the scene as an awesome utility to automate Amex Sync offers (see “Bet You Didn’t Know: Never miss an Amex Sync deal with Offersbot“).

After reading about the suspension, I reached out to Kevin Rose, one of the co-creators of Offersbot to ask about their status. Kevin reports that Twitter has been somewhat aloof in communicating with them regarding their decision to terminate Offersbot’s API access, but they’re reviewing the situation and their options and hope to do something more with Offersbot. He promises he’ll keep us informed when they’ve decided on their future plans.

In the meantime, there are still options for automated (or partially automated) syncing of Amex Offers. Seth at Wandering Aramean continues to offer SyncAssist as part of his suite of Travel Tools, and he’s made some significant improvements since the last time I wrote about this subject. SyncAssist is free for one Amex/Twitter sync account, but you can join Seth’s First Class program for just $15 per year and get SyncAssist on unlimited accounts (not to mention extra benefits on several of his other tools). If SyncAssist gets you just one extra $15 sync offer it’ll pay for itself, so I’d consider it money well spent.

The other option is to use TweetDeck to create a semi-automated sync bot. Greg the Frequent Miler has written about this in the past, so you can check out his post to learn the details (see “Create an Amex Sync Machine“). The one problem with this method is it still requires you to manually create a Tweet for each Amex offer, which means you might not get to an offer before it reaches the maximum number of enrollees. Especially if you’re like me and you’ve slept in super late because you spent all night explaining to those other internet dolts that Han and Chewie are obviously coming home to the Millennium Falcon itself! I mean, where else would be home for them?! Come on, people! Look at the background! It’s the Falcon! Home is the Falcon!

amex credit pull

It occurs to me the biggest issue with fully automated methods is the chance that Twitter will object in some way down the line. I’m thinking if someone was industrious and created an RSS feed with Amex Sync Offer info, we could use the techniques we learned a few weeks ago while chasing mistake fares to create an IFTTT recipe and use that info to tweet Amex Offers ourselves, thereby eliminating any chance that Twitter would get distressed by a large number of automated Tweets from one API account.

Of course, there’s also the possibility that IFTTT would shut that down, but I imagine there might be ways to daisy chain things so that it wouldn’t become an issue. For instance, IFTTT could be set up to send a text or notification when a new Sync offer appeared, and then the user could create another IFTTT recipe to have the option to Tweet only selected offers so that they weren’t signing up for every single offer.

Any Frequent Miler readers want to take on this challenge? I would, but I’m too angry about the apparent lack of Lobot. How can they do a “Star Wars” movie without Lobot? Lobot is Star Wars! Helloooooooooo, J.J. Abrams?! Jeez, am I the only sane one here???

amex credit pull

A giveaway of United Club passes!

If you didn’t happen to see my Devil’s Advocate column yesterday, I’m celebrating my 1-year anniversary by giving away a pair of United Club day passes. All you have to do to enter is follow me on Twitter @dvlsadvcate and you’ll have a chance to win. If you’re already following me on Twitter, you’re already entered as I’ll choose a winner next Wednesday, April 22nd at 5pm Eastern from my entire list of followers. So make sure you’re following me before then.

Also, as I noted at Travel Codex yesterday, I’ve had a few new writing projects piled onto my plate in the last few weeks, so for the next couple of months I’ll be moving to an every other week schedule for “Bet You Didn’t Know” as well as “Devil’s Advocate.” Or to put it in loyalty program terminology, there’s an upcoming “enhancement” of my writing work that will allow me to better serve our readers and give them the quality and benefits they’ve come to expect and appreciate. Wow, that does sound better, doesn’t it?

Now, if you’ll excuse me, I have to finish my manifesto on how Greedo clearly shot first. As if it wasn’t obvious

Did you know that's Princess Leia getting her own lightsaber in the new trailer?

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Other Recent Posts From The “Bet You Didn’t Know” Series:

Manipulating the Citi ThankYou Flight Search Engine

The (only) two useful features of Google Hotels

Mistake Fares Exclusively For Your City or Airline

Find all the “Bet You Didn’t Know” posts here.

Last updated on December 20th, 2018

Regarding comments: Comments posted at the bottom of Frequent Miler pages and posts are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

About Greg The Frequent Miler

Greg is the owner, founder, and primary author of the Frequent Miler. He earns millions of points and miles each year, mostly without flying, and dedicates this blog to teaching others how to do the same.

More articles by Greg The Frequent Miler »

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JUstSaying
Guest
JUstSaying

I’d love to expand the IFTTT buffet table……..especially the award side of the house…..also see Sync potential with Amex……..

THEsocalledfan
Guest
THEsocalledfan

Dude, you got it wrong. The important part of your column was the Star Wars stuff. New trailer rocks!

Ryan
Guest
Ryan

How often do they update what they have ‘on file internally’?

William Charles
Guest

I believe monthly and then whenever there is a significant change in your credit (e.g late payment, new application etc).

Trevor
Guest
Trevor

Has anyone been able to get the signup on another Amex personal card while being an existing customer? I thought this was not possible…anyone have experience doing it in recent months?

JustSaying
Guest
JustSaying

Family has His/Her SPG Amex, Old Blue Cash, Amex Hilton, His/Her Amex Preferred, Business SPG, Mercedes Platinum and 3 Redbirds………so no outright duplicates just one of everything else………Had started looking at which ones to close and then Offer from Smart & Final came along and totally convinces me the only limitation to not making more money in life is to have fewer AMEX cards

Ken
Guest
Ken

Is the Amex personal card once per lifetime policy retroactive? For example, if I got a personal card in the past and then closed the card, can I get it one more time in the future?

james
Guest
james

Grandpa Han’s already moved on to his next redux paycheck – already doing a sequel to Bladerunner 30 something years after the fact. Great – now we can look forward to Air Force One – Two in 2030. But I digress…

I seem to remember reading one of the others (Barclays?) also does no hard pull on decline with an existing credit relationship – hmm, sounds like a new Doctor of Credit post may be in order…and, as William will tell you, in case of an erroneous pull, “Lenders remove hard pulls all the time…”

JC
Guest
JC

The importance of credit inquiries is grossly exaggerated. If you have strong income and great credit you will consistently be approved by almost every prime issuer no matter how many inquires you have.

I just got a card with Citi with 11 inquiries showing on Equifax. I have 29 on TransUnion and the approvals keep rolling in.

When you are declined for a new account, there are generally multiple reasons and the denial letter cannot possibly list every reason. If one of those reasons is “too many inquiries,” it’s almost always something else.

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[…] Bet You Didn’t Know: A shared secret about Amex credit pulls, plus an Offersbot update – How Amex treats credit pulls for existing customers looking for a new card and the latest developments with the Offersbot shutdown. […]

guest
Guest
guest

Lightsabers color are based on the crystal color that it was created upon. So, there are many green, blue, or red lightsabers ‘around’.

jessica
Guest
jessica

That explains why I had to call in 3 times on a card application when I changed my name if they aren’t pulling new info!

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[…] A shared secret about Amex credit pulls, plus an Offersbot update […]

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[…] I applied for the ThankYou. Why? Because existing Amex cardholders probably won’t get a hard pull on their credit if they get denied. Rather have a cleaner report for Citi and not worry as much about the Amex […]

Adam
Guest
Adam

@julian/other folks – quick Q about the AMEX app surprise. if the computer auto-denies you due to a recent OBC axing (on the day I app’d no less,) the app decision email which came a cpl hrs after the closure email only says “we cant approve another account due to recent closure.” I’m guessing AMEX only checked their internal file on me + maybe a soft pull to deny the app.

so my credit worthiness was not an issue (I recently just got approved for a Biz Plat & Biz Gold)… if I were to goto recon, which requires (another) HP, will that go thru even if a human manually declines the app? or is this trick only applicable to computer decisions.

the reps I spoke w/about OBC closure said it wasnt a “negative closure” and shouldnt affect my current or future relationship with AMEX. so I’m guessing the computer only made a binary decision on my app (acct closed by us recently so customer is ‘bad’ thus no new acct) … any idea when this goes away? I certainly dont mind going to recon but would hate to waste an HP if they cant manually do anything because of the underlying situation re: OBC.

взять кредит онлайн
Guest

Как не в такой мере платить по кредиту?

Приключаются ситуации в
жизни, когда по неожиданным причинам
ухудшается материальное
состояние. В результате, где там выплачивать установлению необходимую сумму по кредиту.
в таком случае, превосходнее самому отправится в банк, чем ждать,
покуда дьявол никак не подаст иеремиаду в суд.

Есть несколько разновидностей для того, чтоб убавить
выплаты по кредиту.

1. Реструктурирование

Кредитор соглашаться на уступки, по просьбе заемщика.

Можно шмальнуть о том, чтоб
увеличить срок кредита возьми продолжительное время, в
итоге чего же, понизится каждомесячный платеж.

Таковой вариант идеальный в том случае, допустим банк никак не поменяет %-ую ставку в протяжении всего момент кредита.

Еще, можно шмальнуть о пластиковых каникулах.

Это вероятность не оплачивать авторитет пару месяцев.
Часто при лизинге используют такую схему.
Можно условиться лишь об пластиковых процентах, или собрать личный график выплат.

Еще один вид реструктуризации – наверное совершенное или выборочное погашения кредита самим банком.
Таковой вариант используют в очень
редчайших вариантах. Почаще спишут только
штрафные доля из-за прострочку оплаты.

2. Рефинансирование (перекредитование)

Это возможность брать новейший кредит в
собственном или в другом банке для закрытия старого кредита, на более прибыльных критериях.
Поначалу необходимо устремиться в свой банк об этом предписании, но не любой банк желает проводить рефинансирование
личных кредитов. Дальше, надлежит найти пригодный банк с наилучшими
условиями. На данный момент
очень активная конкурентнсть среди банковских органов.
Просто можно найти кредитора,
кой даст согласие возьми эту операцию, главное,
чтоб имелась хорошая пластиковая
история. Погасив старенькый кредит, заемщик обязан выплачивать
новейший, но уже с меньшими
процентами.

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[…] you read Frequent Miler’s blog, you’ll probably already be aware of this as I shared this with Julian in the past for a Bet […]

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[…] A shared secret about Amex credit pulls, plus an Offersbot update […]

David
Guest
David

Is it just me that is seeing some logic issue with this method? If they already decided to approve the new card based on soft pull, do they really have to do the hard pull? If they are looking for some significant change in the credit report after the hard pull, does it still mean some one, even though might be rare, can still get rejected?

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[…] Offersbot was shut down by Twitter several months ago, I wrote a pair of posts to describe several methods of creating your own Amex […]

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[…] was reported by FrequentMiler in 2015, though is something I wasn’t aware of. Apparently if you are an existing American Express […]

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[…] a 2015 Frequent Miler post making the same point, and Doctor of Credit suggests that Barclaycard does the same […]

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[…] if you already have a credit card issued by American Express, the bank will not initially hard pull your credit report upon subsequent applications. They only pull your credit report if you are conditionally approved from internal information […]

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[…] existing Amex cardholders: If you already have a credit card issued by American Express, the bank will not initially hard pull your credit report upon subsequent applications. They only pull your credit report if you are conditionally approved from internal information […]

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