What is the 2 90 rule for credit cards?

Understanding the 2/90 Rule for Credit Card Applications

American Express has implemented a guideline known as the “2/90 rule” for credit card applications. This rule limits cardholders to a maximum of two approved credit card applications within a rolling 90-day period.

How the Rule Works

According to the 2/90 rule, American Express will not approve more than two credit card applications from the same individual within a 90-day time frame. This restriction applies regardless of the time interval between the applications. For example, if you are approved for two American Express credit cards on January 1st and March 1st, you will not be eligible for another approval before June 1st.

No Exceptions

The 2/90 rule is strictly enforced, and American Express does not grant exceptions. If you apply for more than two American Express credit cards within a 90-day period, all subsequent applications will be automatically declined.

Importance of the Rule

The 2/90 rule is designed to protect both American Express and its cardholders. By limiting the number of applications per individual, American Express can reduce the risk of excessive credit card debt and fraud. For cardholders, the rule helps prevent them from accumulating too much credit and overextending themselves financially.

Alternative Options

If you are not eligible for a new American Express credit card due to the 2/90 rule, you may consider other options, such as:

• Applying for a card from a different issuer
• Requesting a credit limit increase on an existing American Express card
• Seeking pre-approval for a credit card
• Improving your credit score and reapplying after 90 days

Conclusion

The American Express 2/90 rule is a firm regulation that restricts the number of credit card applications that can be approved within a 90-day period. Understanding this rule is crucial for individuals seeking to obtain American Express credit cards. By adhering to the guidelines, you can avoid unnecessary application declines and maintain a healthy financial profile.