What credit score is needed for American Express? (2024)

What credit score is needed for American Express?

In most cases, you need at least good credit to get approved for an American Express card, which FICO typically defines as a score of 670 or higher. Other banks also issue American Express cards.

What is the minimum credit score for American Express?

Other American Express cards will usually require even higher scores. According to the score ranges from FICO, that means American Express applicants typically have at least a 670 score: Exceptional. 800 and above.

Can I get an Amex card with a 650 credit score?

Although American Express doesn't specify any minimum credit score requirements, you'll need good credit (or better) to qualify, which means a FICO score of at least 670. A premium Amex card — say, the American Express Gold Card — likely requires a “very good” FICO score, somewhere in the range of 740 and above.

What is the easiest Amex to get?

The easiest American Express cards to get are those that require a minimum of good credit for approval as opposed to excellent credit only. The Blue Cash Everyday® Card from American Express and the American Express Cash Magnet® Card are two of the easiest cards to get from Amex as they only require good credit scores.

Can I get an American Express card with a 600 credit score?

Maria Adams, Credit Cards Moderator

No, you cannot get an American Express credit card with a 600 credit score, which is considered bad credit. Most Amex credit cards require a credit score of 700 or better for high chances of approval. This means you need to have at least good credit to get an Amex credit card.

Is Amex hard to get approved?

It is hard to get an American Express credit card because all cards offered by American Express require good credit or better for approval, which may be out of reach for the average consumer. Applicants need a 700 credit score and a steady income to have good approval odds for an American Express credit card.

Is Amex good for building credit?

American Express can help your credit score if you are the primary accountholder or an authorized user aged 18 or older on an American Express credit card or charge card account. For an Amex card to be good for your credit score, the account must be kept in good standing with on-time monthly bill payments.

Does Amex look at FICO score?

American Express and other lenders may use a different FICO^® Score version than FICO^® Score 8, or another type of credit score altogether, and other information to make credit decisions.

What is the easiest credit card to get?

Does Amex Gold give a credit limit?

If you have a Consumer or Business Green, Gold or Platinum Card, your Card does not have a credit limit. Instead, your Card has no preset spending limit unless you have been previously notified otherwise. No preset spending limit means the spending limit is flexible.

Does AmEx have a 5 24 rule?

Does AmEx have a 5/24 rule? AmEx does not have a 5/24 rule like Chase does. However, it has other application rules that impact prospective applicants, including the 1-in-5 rule, the 2-in-90 rule and the once-per-lifetime rule.

Does AmEx check income?

While American Express probably won't ask to verify your income, it's not a good idea to lie about your income on an application. In fact, providing false information on a credit card application is against federal law. Therefore, you're much better off being honest when applying for an American Express credit card.

Why is American Express so special?

American Express is one of the leading card issuers in the United States. It's known for its top-notch customer service and some of the best rewards available. From ultra-elite business travel cards to everyday rewards, American Express has credit cards that are a good choice for many different types of cardholders.

What credit score is needed to buy a house?

The minimum credit score needed for most mortgages is typically around 620. However, government-backed mortgages like Federal Housing Administration (FHA) loans typically have lower credit requirements than conventional fixed-rate loans and adjustable-rate mortgages (ARMs).

What credit score is needed for Chase Sapphire?

While there is no official score required, it is generally known that the Chase Sapphire Preferred® Card requires a good credit score, which means 690 or higher. This is not a hard and fast rule, however, and those with credit scores lower than 690 could possibly get approved.

Which credit bureau does Amex use?

American Express uses all three major credit bureaus: TransUnion, Equifax, and Experian. Either one or more credit bureaus may be used when evaluating am American Express credit card application. Credit reports, however, don't differ that much from bureau to bureau.

Why is Amex not approving me?

A low credit score, a history of late payments, and high debt are common reasons for application denial. Credit card reconsideration doesn't guarantee approval, but you might be able to qualify for that same card in the future.

Does Amex do soft pull?

Is Amex a hard or soft pull preapproval? Amex uses a soft credit pull to determine whether you've met its minimum standards for a particular card before sending you a preapproval offer. Further, as of November 2022, Amex only performs soft credit pulls when a prospective cardholder applies for a new card.

Does American Express approve everyone?

In most cases, you need at least good credit to get approved for an American Express card, which FICO typically defines as a score of 670 or higher. Other banks also issue American Express cards.

Will closing Amex hurt credit?

Closing a credit card account can affect the average age of accounts on your credit report, as well as your credit utilization ratio. The impact of closing a credit card account may be greater if it's an old account, or if you have a high credit utilization ratio.

What is the most difficult Amex card to get?

Centurion® Card from American Express

A rating of 5 is the best a card can receive. Why 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.

Which Amex gives the highest credit limit?

The Platinum Card from American Express offers the highest credit limit to applicants. It's important to note that American Express does not explicitly list either a minimum or maximum credit limit when outlining card details.

What is a good FICO score?

For a score with a range between 300 and 850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most consumers have credit scores that fall between 600 and 750. In 2022, the average FICO^® Score^☉ in the U.S. reached 714.

Does Amex look at TransUnion or Equifax?

Yes, American Express reports authorized users to all three of the major credit bureaus (Experian, Equifax and TransUnion).

What is the difference between a credit score and a FICO score?

Is "credit score" the same as "FICO^® score"? Basically, "credit score" and "FICO^® score" are all referring to the same thing. A FICO^® score is a type of credit scoring model. While different reporting agencies may weigh factors slightly differently, they are all essentially measuring the same thing.