The American Express credit score requirement is of at least 700, depending on the card. That means people with good to excellent credit are eligible to get approved for an American Express credit card.
If your credit score is below the threshold needed for a credit card from American Express, it’s best to apply only after you meet the credit score requirement. You can check your credit score for free, right here on WalletHub.
American Express Credit Score Requirements by Card
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for an American Express credit card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status, and housing status.
*All information about the American Express Cash Magnet® Card has been collected independently by WalletHub. The American Express Cash Magnet® Card is no longer available to new applicants through WalletHub, but may be available on the American Express website.
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. For an Amex card to be good for your credit score, the account must be kept in good standing with on-time monthly bill payments. Every month an open Amex account is used responsibly, positive information will be reported to the credit bureaus.… read full answer
On the other hand, using an Amex card irresponsibly will often be bad––or at the very least, unhelpful––for the primary cardholder’s credit score. Mistakes such as missed payments should have no effect on an authorized user’s credit score, though, because Amex will stop reporting on the additional cardholder once an account becomes delinquent.
While account status and eligibility determine whether an Amex card will help your credit, other factors influence how much your credit score will improve. For example, credit card primary accountholders will build credit slightly faster than charge card primary accountholders, and charge card primary accountholders will build credit slightly faster than authorized users. That said, any primary or additional cardholder who has only positive credit information reported monthly to credit bureaus can build excellent credit with enough time.
There are no American Express credit cards that are easy to get. They all require good credit or better. The USAA® Secured American Express® Card used to be the easiest American Express card to obtain as it was available to people with bad credit. But USAA® Secured American Express® Card is no longer available to new applicants.
While American Express credit cards aren’t that easy to obtain, there are several other credit cards that are easy to get approved for.… read full answer
Having one of these credit cards may increase your chances of landing an American Express credit card in the future, if you use it responsibly. That means paying your bill on time every month and keeping your credit utilization below 30% of your credit limit.
American Express uses all three major credit bureaus (TransUnion, Equifax and Experian) in order to assess your creditworthiness. Credit reports, however, don’t differ that much from bureau to bureau. So, there’s a huge overlap between the contents of each major credit report.
However, make sure all of your reports are in order. Remember that you are entitled to one free report from each of the three major credit bureaus every 12 months. This will provide an opportunity to check for any incorrect or outdated information on your credit report. Alternatively, you can also … read full answerget your full report and score for free, right here on WalletHub.
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