To be eligible to get an American Express card, applicants must be at least 18 years old and have a Social Security number and a U.S. street address. Amex applicants should also have more income than monthly expenses and a credit score of 700 or higher, as Amex cards require good or excellent credit for approval.
There are some specific American Express credit card restrictions you should be aware of, too. Amex does not permit anyone to be the primary cardholder on more than 4 consumer credit cards. And they will only approve someone for 1 credit card in a 5-day period, or 2 cards in 90 days. But those restrictions don’t pertain to charge cards––you can own up to 10 of those and apply for them whenever you want.
Finally, it’s important to point out that not all of these Amex eligibility requirements are set in stone. For example, it’s possible that an excellent credit history can outweigh a relatively low salary, or vice-versa. Some forums even report approvals for people with credit scores around 630, or salaries of $40,000. The application’s success ultimately depends on whether these factors combine to create what Amex would consider a creditworthy person.
American Express is the country’s largest credit card issuer by purchase volume and the fourth largest payment network in terms of cards in circulation. Those facts alone indicate it’s pretty popular. But if you need any more convincing, American Express also ranked second among all major credit card companies in JD Power’s 2016 customer satisfaction survey.… read full answer
American Express does have its fair share of faults, however. For starters, nearly all American Express credit cards are for people with good or excellent credit. So you’ll have to choose another issuer if you have a lower score. What’s more, Amex cards aren’t nearly as widely accepted – both in the U.S. and abroad – as cards on the Visa and Mastercard networks.
With all of that being said, we recommend basing your credit card decision primarily on approval requirements and the terms you will receive, rather than the issuer or network. In other words, instead of looking for the best American Express card, try to find the best overall credit card for your needs.
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