Is it good to have an American Express a credit card?

An American Express card is worth it for people with good or excellent credit scores who want to earn rewards on U.S. purchases that they’ll pay for in full by the due date every month. An Amex card may also be worth it for people who want an introductory low-interest period in addition to rewards.… read full answer

The bottom line is that as long as the money saved by using the American Express card cancels out or exceeds any annual fees, the Amex card is worth having. Of course, whether a particular Amex card is the most worthwhile option overall also depends on what other credit card companies are offering. Amex is more competitive in some areas than others, too.

For example, Amex cards obviously aren’t the best for building credit, and most aren’t well-suited for balance transfers or new-purchase financing. That said, multiple American Express cards have great benefits for food-related expenses, and the Membership Rewards program makes almost all Amex cards good for travel.

The American Express credit score requirement is 700 or above, 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.