American Express generally looks for a "Good" credit score (670+), but the specific minimum varies by card, with entry-level cards potentially accepting scores in the high 600s and premium cards needing "Very Good" to "Exceptional" (740+). Aim for at least a 670 FICO score, but 700+ gives you a better chance, especially for no-annual-fee options like Blue Cash Everyday.
These cards usually come with a recommended credit score of 670 or higher. However, there is anecdotal evidence of scores in the lower 600s being approved. If you are a beginner with little to no credit, you are more likely to be approved for a no-annual-fee card (see rates and fees), such as the Blue Cash Everyday.
No, you cannot get an American Express credit card with a 600 credit score, which is considered bad credit. Most Amex credit cards require a credit score of 700 or better for high chances of approval. This means you need to have at least good credit to get an Amex credit card.
To apply for an American Express® Credit Card you must:
Have a good credit history. Be an Australian citizen or permanent resident or hold a long term visa. Long term means 12 months or more and does not include a student visa. If self-employed, have been trading for at least 12 months.
Improving your credit in 30 days is possible. Ways to do so include paying off credit card debt, becoming an authorized user, paying your bills on time and disputing inaccurate credit report information.
The 2-2-2 credit rule is a guideline lenders use to assess a borrower's creditworthiness, requiring two active revolving credit accounts, open for at least two years, with a history of on-time payments for those two consecutive years, often with a minimum limit of $2,000 per account, to show financial stability for larger loans like mortgages. It demonstrates you can handle multiple credit lines responsibly, not just have a good score, building lender confidence.
Transferring 30,000 points to our loyalty partners gives you between £300 and £900.
The 2/3/4 Rule is an informal guideline, primarily used by Bank of America, that limits how many new credit cards you can be approved for: two in a two-month (or 30-day) period, three in a 12-month period, and four in a 24-month period, helping lenders manage risk from frequent applications and "churning" for bonuses. It's a rule for applicants, not a limit on how many cards you should have, but a strategy for managing applications to avoid automatic denials.
Yes, you can likely get a credit card with a ₹20,000 salary, especially an entry-level or basic card, as many banks cater to monthly incomes in the ₹15,000-₹25,000 range, though higher-tier cards will be out of reach and approvals depend on credit score, employment stability, and the card issuer's specific policies. Look for starter cards with lower fees, lower credit limits, and simpler rewards, often available from banks like Kotak Mahindra Bank or through dedicated low-income card providers.
The credit limit you can expect for a $70,000 salary across all your credit cards could be as much as $14000 to $21000, or even higher in some cases, according to our research. The exact amount depends heavily on multiple factors, like your credit score and how many credit lines you have open.
Your payment history accounts for 35% of your credit score, making it the most important factor. The later the payment, and the more recent it is in your credit history, the bigger the negative impact to your score. Plus, the higher your score is to start, the worse of a hit it will take.
Amex 2-in-90 rule
American Express restricts card approvals to no more than two within 90 days. This means that even if you follow the 1-in-5 rule above and get two cards more than five days apart, you still can only get those two cards within 90 days. So far, there are no exceptions to the Amex 2-in-90 rule.
According to the score ranges from FICO, that means American Express applicants typically have at least a 670 score.
earn a sufficient income of at least $50,000 per annum to pay outgoings and living expenses, in addition to Card repayments each month without experiencing financial hardship; • are willing and able to pay an annual fee of $1,450; • have current employment or access to other income or repayment sources; and • generally ...
Your American Express credit card application may have been denied for various reasons, such as a low credit score, not enough disposable income, or too much debt. You should receive a letter from American Express explaining the exact reason for the denial.
The Bank of America® Travel Rewards Secured Credit Card is the best credit card with a $5,000 limit for bad credit. You can get a $5,000 credit limit by placing a refundable security deposit of $5,000, and you will earn 1.5 point per $1 spent without even having to pay an annual fee.
With American Express personal card applications, a hard check only occurs after you've submitted your application, not during the application process itself. These happen when you check your own credit report or when a business checks it without you requesting credit. A soft check has no impact on your credit score.
100,000 American Express Membership Rewards points are generally worth $1,000 to $2,000 or more, depending on redemption; you get about 1 cent per point ($1,000 total) using the travel portal or gift cards, but can achieve 2 cents per point or higher ($2,000+) by transferring to airline/hotel partners for premium flights, yielding significantly more value, according to Bankrate and WalletHub and The Points Guy.
While American Express doesn't publicize a minimum credit score for the Amex Gold Card, generally, applicants with a good credit score of 670 or above are more likely to qualify.
While 200K Amex points will typically only give you about $2,000 in value when you shop for flights in the Amex travel portal, you can sometimes find Business or First Class flights — that can normally cost over $10,000 — for only 200K points, when transferred to a frequent flyer program.
While the exact range for a bad credit score in Australia can depend on the credit scoring model, usually a score between the range of 300-550 is considered a bad credit score.
There are possibly some benefits of making multiple credit card payments. Under certain circumstances it can improve your credit score and overall financial wellness to pay your credit card bill off in smaller amounts as long as those payments add up to the full statement balance by the time that balance is due.
By paying more than your required monthly mortgage payment, you can put that extra money directly toward the principal amount on your loan. Your interest payment is based on your principal balance, so by applying your extra payment to your principal, you could pay less in interest over time.