What Credit Score Is Needed For American Express?

Do you need good credit for American Express card?

You need good credit or something that hits at least 700.

Plan to reach good credit status before you pick up an American Express credit card application.

You’ll increase your chances of approval for the card you want.

And you’ll also be more likely to secure a lower APR on the card, too..

What is the hardest credit card to get?

American Express Centurion CardWhy it’s one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.

Is American Express for rich?

The Platinum Card from American Express is a charge card, meaning your balance is due in full every month. This is both good and bad. As a rich person, you should have your credit card on auto pay each month. … But usually, AMEX will waive the fee once a year if you are a good customer.

Will American Express approve me?

You’ll earn 75,000 American Express Membership Rewards points after spending $5,000 on purchases in the first six months of opening your account. To be approved for the Amex Platinum, you need to have a good or excellent credit score. … Although, some applicants have been approved with a credit score as low as 643.

Do millionaires use credit cards?

They hold only a few credit cards There’s no way to speak for every millionaire, but the key advantage of having one, or just a few, cards is obvious. Owning a small number cuts down on the time and effort needed to manage them.

What credit card do millionaires use?

American Express Centurion Card The American Express Centurion Card is the most exclusive credit card in the world and is commonly known as the original black card. Launched in 1999, American Express has kept it in a shroud of uncertainty, giving it a very high level of status in the minds of consumers.

Is it hard to get an American Express card?

It’s harder to get an American Express card than it is to get a credit card from many other major issuers simply because all of Amex’s credit card offers require good or excellent credit for approval. … And some of Amex’s premium cards for big-spenders, which can be relatively difficult to get, have high fees.

What is the easiest American Express card to get approved for?

The USAA Secured American Express Card is the easiest American Express card to get. It’s issued by USAA, but it’s on the Amex card network, which means you can use it anywhere Amex is accepted. It’s also available to people with bad credit, unlike anything Amex offers.

What credit card does Bill Gates use?

American ExpressIt’s just easier.” The frugal billionaire revealed that he has at least one credit card though – “I’ve got an American Express card which I got in 1964.” His empire – Berkshire Hathaway – owed 17.9% of American Express as of the end of 2018.

Does Amex verify income?

It is not very likely that Amex will ask for your income verification (unless you put like $200k on your application). … So just include your household income (including your parents if they agree) as taxable and any scholarships and financial aids as non-taxable income.

What’s higher than a black card?

The Mastercard® Gold Card™ is the highest-end card offered by Luxury Card, which offers three metal rewards cards. The other two are the Mastercard® Black Card™ (Review) and the Mastercard® Titanium Card™ (Review).

What credit score do I need for an Amex?

For cards like The Platinum Card® from American Express and American Express® Gold Card, for example, you’ll need to have good to excellent credit—usually 680 at a minimum. There is anecdotal evidence of applicants with scores as low as the mid-600s being approved, but that’s rare.

What is the minimum income for American Express?

$50,000 per yearWhile there is no set score needed, we recommend you have a credit score of at least 720, 2 years of clean credit history, and an income of at least $50,000 per year to apply for the Amex Platinum.