What is the American Express Cash Magnet credit score requirement?

Your Amex Cash Magnet Card approval odds are best with a credit score of 700+. This means that you need at least good credit to get this card.

It is also worth noting that your credit score isn’t the only thing the issuer will take into account while considering your application. Your credit history, income and any debts you might have will also determine the outcome of your application.… read full answer

However, there’s no need to guess what your Amex Cash Magnet Card approval odds might be, as you can get them directly from Amex by using the company’s pre-qualification tool. Enter your name, your address, the last 4 digits of your Social Security number and your annual income, then press “View My Card Offers.” Amex will show you all the cards you are likely to be approved for.

If you see Amex Cash Magnet Card among them, that means your Amex Cash Magnet Card approval odds are high – around 90%. So, even if you are pre-qualified for a card, it’s still possible to be rejected.

Yes, the Amex Cash Magnet Card will do a hard pull on your credit report when evaluating your application. The Amex Cash Magnet Card requires a credit score of at least 700. That means applicants need good credit or better to get approved.

You can also prequalify for the Amex Cash Magnet Card on Amex's … read full answerprequalification page. Checking for prequalification does not affect your credit score as it only involves a soft pull. However, if you do prequalify and want to get the card, you will need to submit an actual application which will result in a hard pull.

A hard pull usually causes an applicant's credit score to drop by 5-10 points. Most people’s scores bounce back within 3-6 months with responsible credit management, but it can take up to 12 months. You can also check out some tips on how to minimize the credit score damage caused by hard pulls.

The American Express credit score requirement ranges from 700 to 750, depending on the card. That means people with good to excellent credit are eligible to be 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 wait to apply until you meet the credit score requirement. You can … read full answercheck your credit score for free on WalletHub.

American Express Credit Score Requirements by Card

The Platinum Card® from American Express: 700 (Good credit)

Centurion® Card from American Express: 750 (Excellent credit)

Blue Cash Everyday® Card from American Express: 700 (Good credit)

American Express Cash Magnet® Card: 700 (Good credit)

Blue Cash Preferred® Card from American Express: 700 (Good credit)

American Express® Gold Card: 700 (Good credit)

Hilton Honors American Express Card: 700 (Good credit)

Delta SkyMiles® Blue American Express Card: 700 (Good credit)

Marriott Bonvoy Brilliant™ American Express® Card: 700 (Good credit)

USAA Classic American Express®: less than 3 years of credit history (Limited History credit)

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.