How long does it take for American Express to approve a credit card application? Many American Express credit card applications will be approved immediately. However, if your application status is pending it can take up to 60 days to get a decision. If that happens, you'll be notified by mail once a decision is made.
It's generally harder to get an American Express card than it is to get a credit card from many other major issuers simply because all of Amex's credit card offers require good or excellent credit for approval. ... And some of Amex's premium cards for big-spenders, which can be relatively difficult to get, have high fees.
Most offers allow up to 90 days from the transaction before your points or cash will post to your account. But you should get an email almost instantly after the transaction posts, confirming that you triggered the offer.
You can get an Amex instant card number by applying for an American Express credit card either online or by phone at (888) 297-1244, and getting approved instantly. Every credit card listed on the American Express website advertises that an instant number is possible.
Leveraging American Express Maps is the simplest way to see if the merchant you'll soon be visiting accepts your American Express Card. With American Express Maps, you can look up your preferred stores and see whether they are open for business and whether they offer contactless payment.
Some retailers refuse to take Amex cards as payment because of the higher fees they have to pay to process the transactions compared to Visa and MasterCard – so it can mean you could be caught short. The firm justifies these costs with a premium services for merchants and access to a premium type of customer.
American Express is not accepted everywhere because American Express charges merchants higher fees than Visa, Mastercard. This makes retailers like Costco, independently owned boutiques, and many family stores shy away from accepting your American Express card.
The American Express credit score requirement is 700 or above, depending on the card. That means people with good to excellent credit are eligible to be approved for an American Express credit card.
You have a high chance of getting approved for the Amex Blue Card if you have a good credit score, which is a FICO® Score of 670 or above. This is one of the easiest Membership Rewards cards to open, and even consumers with average credit scores have a decent chance of approval.
Re: Amex prequalify tool, how accurate? The AMEX prequalify tool is about as sure as one can be without it being a 100% guarantee. For the most part if you see pre-approved offers pop up when you run it you stand a good chance of getting the card.
The bottom line
AmEx Offers can be a valuable benefit of AmEx cards. Cardmembers can potentially earn hundreds of dollars in statement credits or tens of thousands of bonus points by enrolling and making purchases. However, AmEx Offers are only valuable when used.
All personal and business Amex cards (plus registered American Express Serve Cards and Bluebird Cards) are eligible for Amex Offers. They will automatically be available through your online account or the Amex Mobile app.
What makes American Express different is that it is both a card issuer and a card network. Unlike card issuers such as Chase or Bank of America and card networks such as Visa or Mastercard, American Express serves both the role of servicing accounts and processing transactions.
American Express can help your credit score if you are the primary accountholder or an authorized user aged 18 or older on an American Express credit card or charge card account. ... Every month an open Amex account is used responsibly, positive information will be reported to the credit bureaus.
Most rich people can easily afford to pay cash for every purchase. Despite this, even the wealthy use credit cards regularly. Here are four big reasons why.
For the right cardholder, the Amex Gold is absolutely worth it. The card offers the highest combined rewards rate you can find on both U.S. supermarket and restaurant purchases – making it ideal for foodies. Plus, it comes with several travel protections and credits that can help offset its high annual fee.
Can I get an Amex card with a 650 credit score? American Express cards typically require a good credit score that starts at 680 FICO. A 650 credit score is in the “fair credit” range, but it's still prime credit and can qualify for an unsecured card that doesn't require a security deposit.
To apply for Amex EveryDay® Credit Card from American Express, you should have good credit, meaning a FICO® Score of 670 or higher. American Express will look at several factors in addition to your credit score, but your credit is a key part of whether your application is approved or denied.
When you apply for an American Express credit card, the company will almost always check your credit report with Experian.
We recommend that your annual income be at least $50,000 or higher before applying for the Amex Platinum. The Amex Business Platinum card gives you a little more wiggle room because even if you have low business income or are just starting your business, you can still qualify for an Amex small business card.
The minimum payment for an American Express credit card is generally $35 or 1% of your balance, plus fees and interest, whichever is higher. Cardholders can always find their required minimum payment listed on their monthly account statement.
The Amex Blue Cash Everyday card is hard to get because applicants need to have a score of 670 or higher to be approved for the card. However, you'll have a better chance of being approved for the card if you have at least a very good FICO score (740 to 799).
Mastercard credit cards are accepted at 37 million merchant locations in more than 210 countries and territories. Mastercard is accepted in more countries than Visa, yet roughly 7 million more merchants worldwide take Visa. Both have a claim to the title of most widely accepted credit card as a result.
Winner: Visa
American Express has long charged higher credit card processing fees than other payment networks. To avoid those more expensive fees, some merchants have opted not to accept American Express cards. It's accepted in over 170 countries; however, Visa is accepted in over 200 countries.
We're always adding new places that say 'yes' to American Express, so you can use your Card wherever you're going in the UK.