Skip to content

How to use Amex's expanded credit score tool to increase your credit score

Aug. 23, 2020
5 min read
How to use Amex's expanded credit score tool to increase your credit score
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

Your credit score is an important part of your overall financial health. The higher your credit score, the better your approval odds are for mortgages, car loans, small-business loans, the best credit cards and more. Not only that, but your interest rates across all of these lines of credit are likely to be much more favorable when you have a high credit score.

New to TPG? Sign up for our daily newsletter and check out our beginner's guide!

All major credit card issuers do provide a free credit score tool for cardholders where you can check your score. But there are a number of factors that go into your credit score, and it can be tough to know where you should focus your efforts when trying to improve your credit score. Well, American Express has officially entered the chat.

American Express has a free credit score tool (even for non-cardholders) called MyCredit Guide, which gives you access to your Vantage 3.0 score. Now, Amex has added a new capability called "Score Goals." Users can set a goal credit score and receive tailored recommendations on areas to focus on in order to hit that goal in a set recommended period of time.

This is the screen you'll now see when you log on:

Screenshot courtesy of Amex
Screenshot courtesy of Amex

Hit "Get Started," to set your credit score goals. I set mine to 800.

Screenshot courtesy of Amex.

When I put in my goal of 800, Amex automatically suggested a goal time frame of 24 months. From there, you'll get a set of recommendations of specific factors to look at.

Screenshot courtesy of Amex.
Screenshot courtesy of Amex.

You can then click into these factors to see how you are measuring up to the recommended standards to help increase your credit score.

Screenshot courtesy of Amex.
Screenshot courtesy of Amex.

When is the Score Goals tool worth it?

I'll be honest: If you already have a high credit score, there probably isn't much you're going to get out of this tool. Even my goal of hitting 800 will really just be dependent upon me keeping up my current responsible credit habits until I have a longer history. I've only had credit cards since college — about five or six years total. I recognize that my payment history and length of accounts will be key for me to hit that 800 score goal.

Sign up for our daily newsletter

However, if you are just getting started on your credit journey, or if you are looking for ways to take your score from "average" to "good" or "excellent," this tool could help you figure out the factors you'll need to pay the most attention to over time while giving you a snapshot of how your current credit report stats measure up.

The best part is that this tool is available to non-cardholders as well. If you already have four Amex credit cards and a 770+ credit score, you probably don't need a ton of guidance to increase your score over time. But there are plenty of beginners who are trying to build credit for the first time, as well as people looking to repair their credit after financial hardships. In those cases, an Amex credit card may not be an option for them right now.

This tool is free to anyone who signs up with an account — no Amex card needed. And it can help guide you with general credit best practices so that you can make a plan to increase your score so that you can potentially apply for a credit card later on (or get a better rate on a car loan or hit some other financial goal).

Related reading: How to build credit without a credit card

Bottom line

This is a free tool that anyone can take advantage of. While those with 770+ credit scores may not find a ton of useful data in this tool, it could potentially be quite valuable to beginners and those trying to raise their credit score. If nothing else, it can give you more insights into the factors that are impacting your credit score.

Featured image by Getty Images/Maskot

Top offers from our partners

How we chose these cards

Our points-obsessed staff uses a plethora of credit cards on a daily basis. If anyone on our team wouldn’t recommend it to a friend or a family member, we wouldn’t recommend it on The Points Guy either. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners.
See all best card offers

TPG featured card

BEST FOR DINING AND GROCERY REWARDS
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review
Apply for American Express® Gold Card
at American Express's secure site

Rewards

3 - 4X points
4XEarn 4X Membership Rewards® Points on Restaurants worldwide, including takeout and delivery.
4XEarn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
3XEarn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.

Intro offer

Earn 60,000 points
Earn 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months.

Annual Fee

$250

Recommended Credit

670-850
Excellent/Good
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

There’s a lot to love about the Amex Gold card. It’s been a fan favorite during the pandemic because of its fantastic rewards rate on restaurants (that includes takeout and delivery in the U.S.!) and U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus points on travel. Paired with up to $120 in Uber Cash (for U.S. Uber rides or Uber Eats orders) and up to $120 in annual dining statement credits at eligible partners, there’s no reason that the foodie shouldn’t add this card to their wallet. Enrollment required.

Pros

  • 4x on dining at restaurants and U.S. supermarkets (on the first $25,000 in purchases per calendar year; then 1x).
  • 3x on flights booked directly with the airline or with Amex Travel.
  • Welcome bonus of 60,000 points after spending $4,000 in the first six months.

Cons

  • Weak on travel outside of flights and everyday spending bonus categories.
  • Not as useful for those living outside the U.S.
  • Some may have trouble using Uber/food credits.
  • Few travel perks and protections.
Apply for American Express® Gold Card
at American Express's secure site
Terms & restrictions apply. See rates & fees
BEST FOR DINING AND GROCERY REWARDS
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

4XEarn 4X Membership Rewards® Points on Restaurants worldwide, including takeout and delivery.
4XEarn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
3XEarn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • Intro Offer
    Earn 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months.

    Earn 60,000 points
  • Annual Fee

    $250
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    670-850
    Excellent/Good

Why We Chose It

There’s a lot to love about the Amex Gold card. It’s been a fan favorite during the pandemic because of its fantastic rewards rate on restaurants (that includes takeout and delivery in the U.S.!) and U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus points on travel. Paired with up to $120 in Uber Cash (for U.S. Uber rides or Uber Eats orders) and up to $120 in annual dining statement credits at eligible partners, there’s no reason that the foodie shouldn’t add this card to their wallet. Enrollment required.

Pros

  • 4x on dining at restaurants and U.S. supermarkets (on the first $25,000 in purchases per calendar year; then 1x).
  • 3x on flights booked directly with the airline or with Amex Travel.
  • Welcome bonus of 60,000 points after spending $4,000 in the first six months.

Cons

  • Weak on travel outside of flights and everyday spending bonus categories.
  • Not as useful for those living outside the U.S.
  • Some may have trouble using Uber/food credits.
  • Few travel perks and protections.