American Express Credit Cards – How to Know If You Can Get American Express Credit Cards
American Express is thought to be a standout amongst the most troublesome organizations to apply a credit card account. Notwithstanding, getting an affirmed account is extremely gainful, considering every one of the advantages that accompany each card. There are a few factors that you should observe while applying for an AMEX account. Here are some of them:
- Your present credit score
- Your credit history
- Your business status (working/understudy)
- Any present credits
These variables transaction in an unexpected way. In any case, they all add to your application’s possibility of getting affirmed.
Your Credit Score
While applying for an American Express credit card, it is vital that you have a decent credit score. The organization exceptionally values this factor simply like other credit organizations. The FICO score, which was produced by the Fair Isaac Corporation, is the most much of the time utilized scoring framework.
The scores have a scope of 300-850. Normal individuals get a rating inside 600 to 700. Getting a higher score than this would be better. Most moneylenders, including American Express, consider FICO scores over 750 as great and are an indication of the candidate being in great monetary wellbeing. In any case, having a score lower than 600 means high hazard for AMEX and can lead them to charging the candidate higher rates, or denying the application through and through.
Your Credit History
American Express would likewise likely keep an eye on your credit history. This is similarly related with your present score since this demonstrates you are to be trusted and dependable with paying your obligations on time. Having an awful credit history, particularly with instances of avoidance, would thin down your odds of getting your AMEX card affirmed.
Your Employment Status
Your status whether you are working or not likewise matters. It is feasible for you to be affirmed for a card regardless of whether you are an understudy. In any case, the card that you may get would most likely have a lower credit constrain. In any case, having work would be an immense factor, particularly in the event that you have a lucrative activity.
Nearness of Current Loans
Having an advance right now, for example, contracts, would adversely influence your application. This is particularly valid on the off chance that you simply had a property repossessed. This demonstrates poor monetary wellbeing and can prompt objection to your AMEX application.
American Express has various types of cards. Your endorsement would exceptionally rely upon the sort of card that you are applying. By and large, the Blue Cash account is the simplest to apply for, while their Gold Accounts would be the hardest to get.