Amex Personal Loans Login (2024)

FAQs

How do I contact American Express about my personal loan? ›

How do I contact American Express if I have any additional questions about my Personal Loan? We are here for you. You can contact our Support & Help Center via online chat by logging into your American Express online account or by calling us at 1-844-273-1384, Monday through Friday, 9:00 am – 8:00 pm EST.

Funding time: American Express can disburse funds within three to five business days once you sign the loan documents. Though this isn't as fast as lenders that promise same- or next-day funding, you can still receive funds within one week of approval.

You can apply for a personal loan if you receive a pre-approval from American Express, which has no impact on your credit score. However, if you later accept the loan and are approved, your credit score may be impacted by a hard inquiry.

Unlike using a debit card to withdraw money you already have in a bank account or making a purchase with your credit card, a cash advance is a short-term loan that you take against your credit card. An American Express cash advance is easy to access — you'll simply need to find an ATM after enrolling.

Yes, you can pay off American Express personal loans early, which is a smart idea because it will save you money on interest. American Express does not charge a prepayment penalty, meaning that you will not be charged extra if you pay off the loan sooner than you're required to.

Application Process: Steps to Apply for a Personal Loan with American Express. An American Express Personal Loan is easy to apply for. Additionally, there is no impact to your credit score if you apply, but your credit score may be impacted if you are approved and opt to accept the loan.

Funding. If you are approved, funding generally takes between two to five business days. Smaller banks and credit unions may take longer, but most should be able to fund your loan within a week of applying if you opt for direct deposit into a bank account.

A good interest rate on a personal loan is generally on the low end of the range, which currently starts around 7 percent. For example, if you have excellent credit, a rate below 11 percent would be considered good, while 12.5 percent would be less competitive.

Factors deciding loan approval turnaround

Your application completeness: To prevent delays, ensure your application is complete with all requisite documents and accurate information. Verification needs: Additional verification requirements, such as income verification, may prolong the processing duration.

The Bottom Line. An Amex personal loan might be the perfect match if you're an eligible Amex card member. The company doesn't charge origination fees and you usually receive a fast loan decision. But if you need funds immediately, it's a good idea to consider lenders that offer same- or next-day funding.

Can you refinance an American Express personal loan? ›

Finally, it's worth noting that American Express does not offer personal loan refinancing services for its own loans. In other words, you can't use a American Express loan to pay off another American Express loan and get a lower interest rate in the process.

To qualify for a personal loan, borrowers generally need a minimum credit score of at least 580 — though certain lenders have even lower requirements than that. However, your chances of getting a low interest personal loan rate are much higher if you have a “very good” or “excellent” credit score of 740 and above.

They will be able to help you transfer money to your bank account. American Express charges a fee for transferring money to a bank account. The fee varies depending on the type of card you have and the amount of money you are transferring. You can see the current fees on the American Express website.

Select the withdrawal option to start the transaction. The ATM may label the withdrawal option “cash advance” when using a credit card. Some ATMs may ask you to choose between a checking, credit, or debit transaction. Select the credit option.

You can use a personal loan to make many types of purchases, including a car. Auto loans tend to have lower interest rates than personal loans, and longer repayment periods. Auto loans generally have lower interest rates because they use your car as collateral.

American Express can approve personal loan applications the same day or next day. Once approved, it usually takes three to five days to receive your funds.

If you notice any suspicious activity on your account, please don't hesitate to call us 24 hours a day, 7 days a week, at 1-800-528-4800. One of our Customer Care Professionals will be happy to assist you. Especially in today's environment, we understand that your security is paramount.

How can I check the status of my Personal Loan application? You can easily check your Personal Loan application status by logging into the lender's online portal or contacting their customer service. Provide your application reference number for a quick update on the current status.