American Express Card Requirements: Everything You Need to Know

American Express is one of the most popular credit card issuers in the world. They offer a wide range of credit cards that cater to different needs and lifestyles. However, not everyone can qualify for an American Express card. In this article, we will discuss the American Express card requirements and what you need to do to increase your chances of getting approved.

Credit Score

Your credit score is one of the most important factors that American Express considers when reviewing your application. American Express requires a good to excellent credit score to qualify for their credit cards. A good credit score is typically considered to be 670 or higher, while an excellent credit score is 800 or higher. If your credit score is below 670, you may want to work on improving it before applying for an American Express card.

Income

Your income is another important factor that American Express considers when reviewing your application. American Express requires a minimum income of $12,000 per year to qualify for their credit cards. However, some of their premium cards may require a higher income. Make sure to check the specific income requirements for the card you are interested in before applying.

Credit History

Your credit history is also an important factor that American Express considers when reviewing your application. They prefer applicants who have a long and positive credit history with no late payments or delinquencies. If you have a limited credit history, you may want to consider applying for a secured credit card or becoming an authorized user on someone else’s credit card to build your credit history.

Debt-to-Income Ratio

Your debt-to-income ratio is the amount of debt you have compared to your income. American Express considers this ratio when reviewing your application. They prefer applicants who have a low debt-to-income ratio, which means they have a low amount of debt compared to their income. If your debt-to-income ratio is high, you may want to work on paying down your debt before applying for an American Express card.

Other Factors

In addition to the factors mentioned above, American Express may also consider other factors when reviewing your application. These factors may include your employment status, your housing status, and your payment history with other creditors. Make sure to provide accurate and complete information on your application to increase your chances of getting approved.

In conclusion, American Express card requirements include a good to excellent credit score, a minimum income of $12,000 per year, a long and positive credit history, and a low debt-to-income ratio. If you meet these requirements and provide accurate and complete information on your application, you have a good chance of getting approved for an American Express card.