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What Credit Score Do You Need to Get an American Express Credit Card?
To get maximum benefits from a credit card, it’s essential for applicants to choose a card offering the best rewards and privileges. For this reason, many people aim to qualify for an American Express® card as it offers access to premium perks. This level of luxury isn’t always easy to achieve, however. American Express credit cards are generally reserved for people that maintain a high credit score. What Credit Score Is Needed for an American Express Card?American Express groups credit scores into three categories. They consider both FICO and VantageScore credit scoring models in determining creditworthiness. According to the credit score range chart listed on the American Express website, credit scores are broken down into the following levels:
American Express Cards for Excellent CreditAn “Excellent” credit score offers applicants the highest possibility of having their application approved. That’s because lenders are confident that people within this bracket will repay their debts. As a result, these applicants will be rewarded with the best repayment terms and interest rates. With an “Excellent” credit score, one can apply for any American Express credit card, including the sought-after American Express® Platinum Card. This is American Express’s top-tier card that comes with excellent rewards for lifestyle and travel. The American Express® Gold Card is another preferred choice with great dining rewards and is usually reserved for people with a credit score of 680 or higher. American Express Cards for Good CreditThose with “Good” credit scores still have a high likelihood of credit card approval, as long as other factors meet the acceptance criteria. However, these applicants won’t receive terms as generous as those in the “Excellent” range. With a credit score towards the higher end of the “Good” range, one can still apply for the premium American Express cards like the Platinum and Gold cards. Both cards have a minimum credit score requirement of around 680-700. With credit scores towards the lower end of the “Good” range, it may be better to apply for an entry-level or cash back card and focus on building a better credit score. These include the Blue Cash Preferred® Card, the Blue Cash Everyday® Card and the travel-focused American Express Green® Card. These cards generally require a minimum credit score of 670, though some people report being approved with mid-600 scores. American Express Cards for Fair to Poor CreditPeople with “Fair to Poor” credit scores may find it challenging to receive approval for an American Express credit card. As with any credit card application, higher credit scores ensure a greater chance of application approval. So, applicants in this category are recommended to improve their credit before applying. What Factors Are Considered for Credit Card Approval?Many people think that credit card approval is solely determined by the credit score. While it’s undoubtedly an important factor, it’s not the only one. Banks usually consider a range of factors when approving credit card applications:
How Long Does It Take To Get Approved for an American Express Card?The application process for an American Express card should only take around 10 minutes online. For eligible applicants, they can receive an instant credit card number immediately after approval of their online application. Otherwise, card holders have to wait three to five days after account approval for the physical card to be mailed. If an application is denied, applicants may appeal the decision by contacting customer service at 1-800-567-1083. How Do You Improve Your Credit Score?American Express credit cards are not targeted at people establishing new credit or rebuilding poor credit. People whose applications have been rejected in the past or those who wish to increase their chances of approval may want to focus on building their credit score before re-applying. Credit scores can be improved by:
Final TakeWhile American Express doesn’t list their official credit score requirements, they tend to only approve applicants with good or excellent credit. People with lower credit scores are recommended to work on improving their credit score to increase their chances of qualifying in the future. FAQHere are some commonly asked questions about American Express credit scores.
Information is accurate as of July 13, 2022. Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by American Express. All information about American Express card offers have been collected independently by GOBankingRates and have not been reviewed or approved by American Express. These offers are not available through GOBankingRates. What is the lowest credit score for American Express?Editorial and user-generated content is not provided, reviewed or endorsed by any company. The American Express credit score requirement is 700 or better, depending on the card. That means people with good to excellent credit are eligible to get approved for an American Express credit card.
What is the easiest Amex card to get approved for?When applying for the Amex Blue Card, try to 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.
Is it hard to get into Amex?Yes, it is hard to get a job at American Express.
There is a comprehensive interview process that can sometimes last up to four rounds of one-on-one and group interviews. The American Express application and interview process can be strenuous and is intended to weed out any unqualified candidates.
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