How much income do you need for American Express?
How much income do you need for American Express?
Person Income/Business Income On average, Amex Platinum and Amex Business Platinum cardholders tend to have high incomes. However, a high income is by no means a requirement. We recommend that your annual income be at least $50,000 or higher before applying for the Amex Platinum.
Can I get an Amex with no income?
To be approved for any of these first time credit card options, you’ll need to make enough money to pay your bill each month. That’s especially true if you’re young. The Credit Card Act of 2009 says that applicants under 21 cannot be approved for a card without proof of income (unless they have a cosigner).
Does American Express verify income?
No, American Express does not verify income on most credit card applications or credit line increase requests. You’ll often be able to prove your income by submitting a job offer letter, showing your pay stubs, or filling out a form that allows American Express to access your tax returns.
Can I lie about my income on a credit card application?
Lying on a credit application can be a costly mistake. Report your income, debt, employment status and housing costs correctly. Chances are, your lender won’t verify these items. But it has every right to, and, if it does, you could end up paying beaucoup bucks and/or spending time in a concrete cell.
Why does AmEx do a financial review?
If your activity triggers a fraud alert, Amex may decide to place your account under “financial review.” This can be a nerve-wracking process, and today we’re going to get an inside look at what it entails and what you may be able to do to avoid it altogether.
What is the limit on an American Express card?
On Amex cards for good credit, people seem to report starting with limits of $1,000-$5,000 most often. But you should take any of these numbers with a grain of salt. Just because someone with a similar credit score or income got a certain limit, it doesn’t mean you will, too.
What are the credit requirements for American Express?
American Express cards have many varieties including the Green Card, Gold Card, Platinum Card, and Blue Card. Each credit card or charge has its own features and specific credit score requirements. As a general rule, applicants need to have a FICO score of at least 680 to be approved.
What credit score do you need for American Express?
A. Most applicants will need a credit score of at least 680 to get approved for a new American Express credit card or charge card account.
What is American Express credit limit?
American Express limits the number of credit and charge cards you can have at one time to 5. So as long as you don’t have 5 credit cards open, you can apply for a new one – the same is true for charge cards. American Express Cards. Here are some of the best credit card choices from American Express. Once you open your new card, you can
What are the qualifications for American Express?
The minimum requirements in order to be approved for the American Express® Credit Card are: You must be aged 21-70 years old. You must have a minimum income of Php480,000 per annum. You must be a Philippine Resident or Filipino Citizen.
