American Express uses all three credit bureaus, but they tend to focus on Experian.
If you’re looking to improve your credit score with American Express, you should focus on improving your Experian score.
Checkout this video:
What is a Credit Bureau?
In the United States, a credit bureau, also known as a credit reporting agency, is a company that collects information about where you live and work, how you pay your bills, whether or not you have been sued or arrested, or whether you have filed for bankruptcy. Credit bureaus then sell this information to creditors, employers, insurers, and others. There are three major credit bureaus in the U.S.: Equifax, Experian, and TransUnion.
What is American Express?
American Express is a multinational financial services corporation headquartered in New York City. The company was founded in 1850 as a freight forwarding business. It later expanded into the area of credit cards and travel services. American Express is one of the world’s largest card issuers, with over 60 million cardholders. American Express also operates one of the largest travel networks in the world, with over 1,700 travel agencies in over 130 countries.
What Credit Bureau Does American Express Use?
American Express will typically use either Equifax or Experian as their main credit bureau, depending on the state in which you live. However, they may also use TransUnion or another credit bureau in some cases. It’s important to check all four of your credit reports regularly to make sure that all of your information is accurate.
How to Check Your Credit Score
Credit scores are calculated by credit bureaus, which use information in your credit report to come up with a three-digit number. There are three major credit bureaus in the U.S.—Experian, Equifax, and TransUnion—and each has its own way of calculating your score.
The most important thing to know is that you have more than one credit score, and they might not all be the same. American Express, for example, may use a different credit bureau than Discover does. So if you have a good score with one company but not the other, it’s not necessarily because you have different creditworthiness—it could just be that each company is looking at a different bureau’s report.
That said, there are some general guidelines for what counts as a good credit score. Generally speaking, a score of 700 or above is considered good, while a score of 800 or above is considered excellent.
You can check your credit scores for free on Credit Karma. Just note that these are “educational” scores, not the scores that lenders actually use to make decisions. If you want to see your real scores, you’ll need to sign up for a paid service like myFICO or Credit Sesame.
How to Improve Your Credit Score
There are a number of things you can do to improve your credit score. Some methods are more effective than others, and some may take longer to have an impact. You can:
-Check your credit report for errors and dispute any inaccuracies
-Pay your bills on time, every time
-Keep your credit card balances low
-Limit your applications for new credit
-Sign up for automatic payments
These are just a few of the many things you can do to improve your credit score. If you’re not sure where to start, consider contacting a credit counseling or repair service.