You'll want a credit score of at least 670 for the best approval chance. However, having a pristine credit score doesn't guarantee your approval; Amex considers other factors, such as your income and history with Amex.
To qualify for this $325 annual fee card (see rates and fees), one of the best travel rewards cards available, you should have a credit score of at least 670.
The Blue Cash Everyday® Card from American Express and the Delta SkyMiles® Blue American Express Card are two of the easiest Amex cards to get approved for because they only require good credit.
It is hard to get an American Express credit card because all cards offered by American Express require good credit or better for approval, which may be out of reach for the average consumer. Applicants need a 700 credit score and a steady income to have good approval odds for an American Express credit card.
In general, you'll need to have good to excellent credit, with some cards harder to qualify for than others. "You can assume cards with the best perks and rewards will require an average credit score of 700 or greater to qualify," says Griffin. "Higher scores may be required to receive the best terms.
However, you must fulfill the minimum annual income criteria for the American Express® credit card you are applying for. In general, you require a minimum income of Rs. 4.5 lakh or above if you are salaried, and Rs. 6 Lakh or above if you are self employed.
A FICO score between 580 and 669 is classified as fair.
If you're approved for an American Express Card, and you're eligible, you'll be invited to get your Card number instantly.
Credit score calculated based on the FICO® Score 8 model and is provided for educational purposes.
Your Amex credit card limit is the maximum amount you can charge on your card. You can find this limit in your online banking account and on your monthly billing statement. It's set by the financial institution that issued your card sets this limit and specifies the length of a statement period.
Discover's FICO score requirements typically range from 640 to 700, depending on the specific card, making it the credit score for Discover card approval criteria.
A low credit score, a history of late payments, and high debt are common reasons for application denial. Credit card reconsideration doesn't guarantee approval, but you might be able to qualify for that same card in the future.
Personal Income and Business Income
On average, those with an Amex Platinum card or Amex Business Platinum card tend to have high incomes — though a high income is by no means a requirement. We recommend that your annual income be at least $50,000 or higher before applying for the Amex Platinum card.
A perfect FICO credit score is 850, but experts tell CNBC Select you don't need to hit that target to qualify for the best credit cards, loans or interest rates.
The Blue Cash Everyday® Card from American Express and the Delta SkyMiles® Blue American Express Card are two of the easiest Amex cards to get approved for because they only require good credit.
Apple Card uses FICO Score 9. FICO Score 9 ranges from 300 to 850, with scores above 660 considered favorable for credit approval.
To get approved for this card, you'll need to have a good credit score of at least 670, though having a higher one certainly won't hurt your chances.
A credit score of 700 or better is typically needed for a card that offers a $5,000 credit limit. This means that these cards usually require you to have good or excellent credit. You will normally need a high income and little to no existing debt to get a limit that high, too.
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The best credit card overall is the Wells Fargo Active Cash® Card because it gives 2% cash rewards on purchases and has a $0 annual fee. For comparison purposes, the average cash rewards card gives about 1% back. Cardholders can also earn an initial bonus of $200 cash rewards after spending $500 on purchases...
Minimum Requirements for an Amex Card Approval
Leading credit bureau Experian defines a good credit score as 670 or better and a very good credit score as 740 or better. American Express has been known to pull credit primarily from Experian.
You will be informed of your credit limit when you are issued your Card. You can Log on to Online Services to access information on your Card account, including your credit limit information or check your available credit limit on the Amex App.
Yes, it's hard to get an American Express card because you will need a good or excellent credit score for approval, along with enough income for monthly bill payments. American Express cards are generally considered some of the most exclusive credit cards on the market.