The American Express Business Gold credit score requirement is good credit or better. To be clear, you can submit an application no matter what your credit score is. But to have a good shot at approval, you need a credit score of 700 or better.
You can only get the Amex Business Gold Card if you’re a small business owner, but since you’ll be personally responsible for paying the bill, it’s your personal credit that counts for approval purposes.
That might seem pretty straightforward. But it’s not like every applicant with good credit gets approved. There’s definitely more to the story, so keep reading.
Here’s what you should know about American Express Business Gold credit scores:
Good credit is generally believed to start at a score of 660. But to have a good chance of getting the Gold Card, you should have a score of 700 or above.
There are anecdotal reports online of people being approved with scores of 683, 680 and 690. But while it’s possible to get approved with a score on the lower end of the good credit spectrum, you certainly can’t count on it.
Amex also looks at your annual revenue, years in business, and estimated monthly spending when determining whether you’re eligible for the Business Gold Card.
To meet the Amex Business Gold credit score requirement, your credit needs to be in top shape. WalletHub can help with that. You can sign up for WalletHub’s free daily credit scores to keep track of any changes in your credit standing. Plus, WalletHub’s free credit analysis will help you pinpoint any problems and come up with a plan for fixing them.
The best credit card for a 700 credit score could be Capital One Venture if you’re eager to earn travel rewards, Blue Cash Preferred® Card from American Express if you’d prefer cash back or Wells Fargo Platinum if you want 0% APRs. It all depends on your individual needs, as no card does everything best. But you do want to focus on cards that require “good” credit or below, since 700 is a good credit score. Of course, there are other things that affect the application process too, like income and the number of recent inquiries on your report.… read full answer
A good way to figure out whether you’re eligible for a particular credit card with your 700 credit score is to check for pre-approval on the issuer’s website. If you’re pre-approved for a card, you’re not guaranteed approval, but your odds are high – usually around 90%. You can do a pre-approval check for most of the best credit cards for a 700 credit score.
Here are the best credit cards for 700 credit scores:
For Travel Rewards – Capital One Venture - 50,000 miles for spending $3,000 in the first 3 months or 100,000 miles for spending $20,000 in the first 12 months. 2 miles per $1 on all purchases. No foreign transaction fees. $95 annual fee.
For Balance Transfers – Wells Fargo Platinum card - Intro APR of 0% for 18 months on purchases and 0% for 18 months on qualifying balance transfers on balance transfers. 3% balance transfer fee for transfers made in the first 120 days (5% after). No rewards. 3% foreign transaction fee. $0 annual fee.
For Cash Back – Blue Cash Preferred® Card from American Express - Intro APR of 0% for 12 months on purchases. Earn rate of 1 - 6% cash back. 2.7% foreign transaction fee. Annual fee of $0 1st yr, $95 after.
Hotel Perks – Radisson Premier Visa Signature - 50,000 bonus points for making your first purchase, plus 35,000 points for spending $2,500 in the first 90 days. 10 points per $1 spent at Radisson and 5 everywhere else. 40,000 bonus points for renewing your card every year. 3% foreign transaction fee. $75 annual fee.
As you may have noticed, a lot of the best credit cards for 700 credit scores don’t have annual fees. So you can pick up some great perks without having to shell out money for the privilege of having a card.
The best credit cards for a 600 credit score are secured cards because they offer easy approval and are often much less expensive than unsecured credit cards for bad credit. Secured credit cards require a security deposit, and the card’s credit limit is equal to the amount of the deposit. This deposit is fully refundable when you close your account with a $0 balance. … read full answer
If you’re not sure where to start looking for secured credit cards for a 600 credit score, WalletHub has picked out a few examples of popular offers.
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