How many American Express cards can you have? Answer is – American Express generally allows you to have up to five credit cards at once, in any combination of personal and business cards. However, this limit does not apply to charge cards without a pre-set spending limit, such as the Platinum Card®. So, technically, you could have more than five American Express cards if some are charge cards.

How many American Express cards can you have?

Understanding American Express Card Limits

While American Express is renowned for its diverse range of credit cards, catering to various spending habits and lifestyles, there are limitations on the number of cards you can hold simultaneously.

While there is no official, publicly stated limit, the consensus among financial experts and frequent Amex users is that American Express generally allows individuals to hold up to five credit cards at any given time.

This includes both personal and business cards. It’s important to note that this limit is not set in stone, and some individuals have reported being approved for more than five cards. However, five is the widely accepted norm.

Why Have Multiple Amex Cards?

The allure of having multiple Amex cards lies in the ability to maximize rewards and benefits. Each Amex card comes with its own unique set of perks, such as travel rewards, cashback, purchase protection, and exclusive access to events. By strategically using different cards for different types of spending, you can potentially earn significantly more rewards than you would with a single card.

For example, you might use the American Express® Gold Card for dining and groceries, the Platinum Card® from American Express for travel, and the Blue Business® Plus Credit Card from American Express for business expenses. Each of these cards offers bonus points or cashback in specific spending categories, allowing you to optimize your rewards.

Furthermore, having multiple Amex cards can help you build your credit history. By responsibly managing multiple credit lines, you can demonstrate to lenders that you are a reliable borrower. This can lead to improved credit scores, which can open up better interest rates and loan terms in the future.

However, it’s important to note that managing multiple credit cards requires discipline and organization. It’s crucial to keep track of payment due dates, interest rates, and spending limits to avoid falling into debt.

Beverly Harzog Expert Opinion

According to Beverly Harzog, credit card expert and consumer finance analyst at U.S. News & World Report, “Having multiple American Express cards can be a smart financial move, but it’s not for everyone. It’s important to assess your spending habits and financial goals before applying for multiple cards. Remember, the goal is to maximize rewards and benefits while maintaining a healthy credit profile.”

The 5-Card Limit

1. Personal vs. Business Cards

American Express’s 5-card limit applies to a combination of personal and business cards. You could potentially have three personal cards and two business cards, or any other combination that adds up to five.

This flexibility allows you to tailor your card portfolio to both your personal spending habits and your business needs.

However, it’s important to note that each card application is assessed individually, and approval is not guaranteed.

2. Credit Cards vs. Charge Cards

An important distinction to make when understanding Amex’s card limit is the difference between credit cards and charge cards.

Credit cards have a pre-set spending limit and allow you to carry a balance from month to month, subject to interest charges.

Charge cards, on the other hand, do not have a pre-set spending limit. Instead, your spending power is determined by your creditworthiness, payment history, and spending patterns. You are expected to pay your balance in full each month.

The 5-card limit applies specifically to Amex credit cards. Charge cards, such as the Platinum Card® from American Express, do not count towards this limit.

This means you could theoretically hold five Amex credit cards and an unlimited number of Amex charge cards.

3. Exceptions to the Rule

While the 5-card limit is a general guideline, there are exceptions. Some individuals have reported being approved for more than five Amex credit cards.

This typically happens when the cardholder has a long and positive history with Amex, a high credit score, and a strong income.

It’s also worth noting that Amex occasionally offers targeted promotions that allow existing cardholders to apply for additional cards even if they have reached the limit.

Jason Steele Expert Opinion

According to credit card expert Jason Steele, who writes for The Points Guy, “The 5-card limit is not a hard and fast rule. Amex has been known to make exceptions for valued customers. However, it’s important to remember that each card application is evaluated individually, and approval is not guaranteed.”

Factors Affecting Card Approvals

The decision to approve a credit card application hinges on various factors, and this is especially true with American Express, known for its premium card offerings.

While the allure of multiple Amex cards is strong, it’s crucial to understand that approval isn’t guaranteed. Let’s delve into the key factors that influence Amex card approvals:

1. Credit Score and History

Your credit score is a numerical representation of your creditworthiness, reflecting your financial responsibility. A higher credit score indicates a lower risk to lenders. American Express generally favors applicants with good to excellent credit scores.

While there isn’t a publicly stated minimum credit score requirement for each card, aiming for a FICO® Score of 700 or above significantly increases your chances of approval for most Amex cards.

In addition to your score, Amex also scrutinizes your credit history. This includes your payment history, credit utilization (the amount of credit you use compared to your total available credit), and the length of your credit history.

A track record of on-time payments, low credit utilization, and a longer credit history can all contribute to a positive assessment.

2. Income and Spending Habits

Your income plays a crucial role in determining your creditworthiness. American Express wants to ensure that you have the financial means to repay your credit card debts.

While there’s no specific income requirement for all cards, some premium cards, like the Platinum Card®, may have higher income expectations.

Along with income, Amex also evaluates your spending habits. They look for patterns that suggest responsible financial behavior.

For instance, if you consistently pay your bills on time and avoid maxing out your credit cards, you’re more likely to be seen as a responsible borrower.

3. Existing Amex Relationships

If you already hold an American Express card and have a positive history with the company, you’re more likely to be approved for additional cards.

This is because Amex values customer loyalty and rewards responsible cardholders. However, it’s important to note that this doesn’t guarantee approval, as each application is still subject to individual assessment.

Sara Rathner Expert Opinion

According to Sara Rathner, a credit card expert at NerdWallet, “Building a strong credit profile is key to getting approved for the Amex cards you want. This means paying your bills on time, keeping your credit utilization low, and applying for new credit sparingly.” 

Strategies for Managing Multiple Amex Cards

While the prospect of holding multiple American Express cards can be enticing, it’s crucial to approach it with a well-thought-out strategy.

The goal is not just to amass cards but to leverage them effectively to maximize rewards, benefits, and your overall financial well-being. Here are some strategies to consider:

1. Choosing the Right Cards for Your Needs

Not all Amex cards are created equal. Each card comes with its own set of annual fees, rewards structures, benefits, and spending categories. The key is to select cards that align with your spending habits and lifestyle.

For instance, if you’re a frequent traveler, the The Platinum Card® from American Express could be a great fit, offering perks like airport lounge access, hotel elite status, and travel credits. If you spend a lot on dining and groceries, the American Express® Gold Card might be a better choice, as it offers bonus points on these categories.

For business owners, the Blue Business® Plus Credit Card from American Express could be beneficial, providing cashback on everyday business expenses.

2. Maximizing Rewards and Benefits

Once you’ve chosen your cards, it’s essential to use them strategically to maximize your rewards and benefits. This involves understanding each card’s bonus categories and using the appropriate card for each purchase.

For instance, if you’re dining out, use the card that offers the highest rewards rate on dining. If you’re booking a flight, use the card that offers travel benefits like lounge access and travel insurance. By optimizing your spending, you can potentially earn thousands of dollars in rewards each year.

Moreover, don’t overlook the non-reward benefits of your Amex cards. These can include purchase protection, extended warranties, travel insurance, and access to exclusive events. Take full advantage of these perks to get the most value out of your cards.

3. Avoiding Debt and Overspending

While multiple Amex cards can unlock a world of rewards, it’s crucial to use them responsibly. The allure of earning rewards can easily lead to overspending if you’re not careful.

Set a budget for each card and stick to it. Pay your balances in full each month to avoid interest charges. If you find yourself struggling to manage multiple cards, consider canceling one or two to simplify your finances.

Matt Schulz Expert Opinion

Matt Schulz, chief credit analyst at LendingTree, emphasizes the importance of responsible credit card usage. “Multiple credit cards can be a great way to maximize rewards, but they can also be a recipe for disaster if you’re not careful,” he says. “Make sure you can handle the responsibility before you take on multiple cards.”

How to Maximize Rewards With the AmEx Trifecta

For those seeking to elevate their rewards game, the “AmEx Trifecta” presents a strategic approach to maximizing the value you derive from American Express cards.

What is the AmEx Trifecta and why should you have it?

The AmEx Trifecta is a popular strategy among points and miles enthusiasts that involves holding three specific American Express cards simultaneously to optimize rewards earning potential across various spending categories. The trifecta typically consists of:

• The Platinum Card® from American Express: Known for its extensive travel perks, including airport lounge access, hotel elite status, and annual statement credits for various travel expenses.
• American Express® Gold Card: Offers a lucrative 4X Membership Rewards® points on dining at restaurants worldwide and U.S. supermarkets (on up to $25,000 per calendar year in U.S. supermarket purchases, then 1X), making it a powerhouse for everyday spending.
• Blue Business® Plus Credit Card from American Express: Provides a simple yet rewarding 2X Membership Rewards® points on the first $50,000 in purchases each calendar year, then 1X, making it ideal for business expenses.

The appeal of the AmEx Trifecta lies in its versatility. By strategically using each card for its bonus categories, you can earn a significant amount of Membership Rewards® points, which can be redeemed for travel, merchandise, gift cards, and more.

Moreover, the trifecta offers a comprehensive suite of benefits, from travel perks to purchase protection, catering to a wide range of needs.

Earning rates that maximize the AmEx trifecta

To truly maximize the AmEx Trifecta, it’s essential to understand the earning rates for each card and strategically allocate your spending accordingly:

1. The Platinum Card® from American Express

• 5X Membership Rewards® points on flights booked directly with airlines or on American Express Travel (on up to $500,000 on these purchases per calendar year, then 1X)
• 5X Membership Rewards® points on prepaid hotels booked on Amex Travel

2. American Express® Gold Card

• 4X Membership Rewards® points on dining at restaurants worldwide
• 4X Membership Rewards® points on U.S. supermarkets (on up to $25,000 per calendar year in U.S. supermarket purchases, then 1X)

3. Blue Business® Plus Credit Card from American Express

• 2X Membership Rewards® points on the first $50,000 in purchases each calendar year, then 1X

By leveraging these bonus categories, you can effectively earn a high return on your spending. For instance, you could use the Platinum Card® for travel, the Gold Card for dining and groceries, and the Blue Business® Plus Card for other everyday expenses.

Julian Kheel Expert Opinion

Julian Kheel, a senior points and miles contributor at The Points Guy, emphasizes the importance of understanding the AmEx Trifecta’s earning structure. “The key to maximizing the trifecta is to know which card to use for each purchase,” he says. “By strategically allocating your spending, you can earn a significant amount of points and unlock valuable travel and lifestyle benefits.”

Conclusion

Is Having Multiple Amex Cards Right for You?

The decision to have multiple Amex cards ultimately depends on your individual financial situation and spending habits. If you’re a disciplined spender who can manage multiple cards responsibly, then it could be a great way to maximize rewards and benefits.

However, if you’re prone to overspending or have difficulty keeping track of multiple payments, it might be best to stick with one or two cards.

It’s also important to consider the annual fees associated with each card. While the rewards can be substantial, the fees can also add up. Make sure the value you get from the rewards outweighs the cost of the fees.

Tips for Responsible Card Management:

If you decide to go ahead with multiple Amex cards, here are some tips for managing them responsibly:

• Set a budget for each card: This will help you avoid overspending and keep track of your finances.
• Pay your balances in full each month: This will help you avoid interest charges and maintain a good credit score.
• Track your rewards: Keep an eye on the rewards you’re earning and redeem them regularly to get the most value out of your cards.
• Use a card management app: There are many apps available that can help you track your spending, due dates, and rewards across multiple cards.

By following these tips, you can enjoy the benefits of multiple Amex cards without falling into debt or jeopardizing your financial well-being.

FAQs

Can I have more than five Amex cards if I close one?

Yes, if you close an existing Amex credit card, you can apply for a new one, even if you already have five. This is because the 5-card limit applies to the number of active cards you have at any given time.

Does the limit apply to supplementary cards?

No, the 5-card limit does not apply to supplementary cards. These are additional cards linked to your primary account and share the same credit limit. You can have as many supplementary cards as you like.

What happens if I exceed the card limit?

If you exceed the 5-card limit, American Express may not approve your application for a new card. In some cases, they may ask you to close an existing card before approving a new one.

Can I apply for multiple Amex cards at once?

Technically, you can apply for multiple Amex cards at once. However, it’s generally not recommended, as it can negatively impact your credit score due to multiple hard inquiries. It’s best to space out your applications and focus on one card at a time.