Before granting approvals on credit or charge cards, American Express checks an applicant's credit report. Credit card companies offer both free and discounted credit reports, and American Express is no exception. Additional benefits may be available to cardholders that make it worthwhile to obtain a credit report from them. We will be discussing three options for obtaining an American Express credit file. Learn more to determine which one is best suited for you.
TransUnion
American Express offers a free credit score simulator, as well as access to your TransUnion credit report and score. It is available via AmEx's mobile optimized website. You can use it for monitoring your credit score and keeping track of fraud and inaccuracies. This can lead to a higher rate of interest. You can also get alerts about any new activity in your credit report.
American Express pulls each credit report separately from each bureau. However, each bureau will provide a free report each 12 months. The best way to find out which credit bureaus are pulling information is to speak with people who have used American Express credit card applications. In most states, American Express pulls credit reports from Experian and TransUnion, while Equifax pulls your report from the other two bureaus.
Equifax
It is important to understand which bureau American Express pulls your credit reports from, if you want to apply for an American Express credit cards. They use all three major bureaus but tend to concentrate on Equifax and Experian. American Express will pull your report from all three of these bureaus in most cases. However, if they find any objectionable remarks, American Express may double-check your Experian Report with Equifax.
American Express heatmap shows which bureaus American Express uses. The darker the color, the more often Equifax pulls your credit. Experian is not preferred in Rhode Island. Equifax is preferred in Rhode Island. This heatmap shows American Express's percentage of credit reports taken from each bureau. It also shows which bureaus are preferred by consumers in certain states. Experian is preferred in Rhode Island while Equifax is preferred in Rhode Island. TransUnion is preferred for South Dakota.
Experian
Generally speaking, American Express checks your credit report with Experian, but they will also pull your report from other major bureaus from time to time. The second-most likely is TransUnion, which does pull reports from American Express but has not responded to a request for more information. However, it is important to know how to access your credit reports and how to correct inaccurate information. This guide can help you do exactly that.
Before you apply for an American Express Card, get a copy of each bureau's credit report. You will want to check both your Experian and FICO scores. These scores aren't made public so they may not be available to you. It is important to remember that American Express credit card issuers may offer different credit card features. The risk thresholds may vary.
CreditPulls
Many people think that by signing up for American Express CreditPulls, they are getting all the credit card information they need. This is false. Instead, the company pulls in information from all three credit reporting agencies and combines it into one report. Because American Express CreditPulls are done by the credit bureaus, the information that is compiled is accurate and verifiable. Equifax will also show the new card application if it is approved.
You can use credit bureaus in addition to credit bureaus. Credit boards provide information on specific creditors and banks. American Express does not reveal which credit bureaus it uses. However, they can still provide the information that you need. You can use a search bar to find the information you're looking for, even if the information isn't available on the credit bureau website. You can adjust the number of inquiries you make to ensure that you are not too involved with credit bureaus.