American Express Credit Card Eligibility Criteria

American Express is a credit card issuer company and a card network known for the best services in the market. It offers a wide range of credit cards, from entry-level credit cards to premium ones, each of which has its own exclusive privileges. There are lots of individuals who look forward to getting an American Express Credit Card. However, to get approved for the Amex credit cards, you must fulfill the eligibility requirements, including your age, annual income, credit score, residential status, etc. If you need to be made aware of the American Express Eligibility and document requirements, we are here with this article to make you understand the same. Keep reading for more detailed information:

Below is a list of American Express credit cards with eligibility requirements. However, the card issuer may have some internal criteria as well, on the basis of which your credit card application may be approved/rejected even if you fulfill all the following requirements.

American Express Credit Cards Salary Eligibility

The minimum eligible income required to get approved for American Express Credit Cards can differ for different cards. You must have a high income to get a premium credit card like the American Express Platinum Credit Card. If you are an average or low-income individual, consider applying for an essential AmEx Credit Card like the American Express SmartEarn Credit Card. AmEx has not disclosed the exact income eligibility criteria that need to be fulfilled by the applicants, but they undoubtedly vary for different cards.

 

Credit Cards	Income for Salaried	Income for Self-Employed
American Express Platinum Card	₹25 Lakh (Annual)	₹15 Lakh (Annual)
American Express SmartEarn Credit Card	₹4.5 Lakh (Annual)	₹6 Lakh (Annual)
American Express Gold Charge Card	₹6 Lakh (Annual)	₹6 Lakh (Annual)
American Express Membership Rewards Credit Card	₹6 Lakh (Annual)	₹6 Lakh (Annual)
American Express Platinum Travel Credit Card	₹6 Lakh (Annual)	₹6 Lakh (Annual)
American Express Platinum Reserve Credit Card	₹6 Lakh (Annual)	₹6 Lakh (Annual)

Documents Required to Apply for an American Express Credit Card

When applying for an Amex credit card, you must have the following documents ready.

Income Proof

Bank Statement or salary slip of last 3 months, last 2 years’ audited financial report,  etc.

Age Requirements

You must fulfill the following basic age requirements to apply for an American Express Credit Card. However, age is not the only factor that will be considered by the card issuer while approving/rejecting your credit card application:

Applicant	Age Requirement
Salaried Employee	Above 18 Years
Self Employed	Above 18 Years

Credit Score Required

The applicants must also have a decent credit history to get approved for an AmEx Credit Card. However, the credit score requirements may also vary for different cards. You will need a higher credit score to get approved for the premium credit cards issued by American Express compared to the basic cards, for which you may also get approved with a decent/average credit score. If you still need to start building your credit score, you should build a credit history by getting a secured credit card. It will help you build your credit score and make it easier for you to get an AmEx Credit Card.

Factors That Affect Your AmEx Credit Card Eligibility

• Age: The applicant above the age of 18 years can apply for American Express credit cards. Not fulfilling the age criteria will surely lead to the rejection of your credit card application.
• Income: American Express has set different income requirements for different credit cards. When choosing a credit card you need to check the income requirement on the American Express official webpage. Failing to meet the income requirement can affect your Eligibility in a negative way.
• Credit Score: Having a bad credit score or no credit history can negatively affect your eligibility. The credit card issuer considers a good credit score to be between 700-750 or above. A credit score is required to check your credibility so that credit card companies like American Express can easily issue a credit card to the applicant after scrutinizing the application thoroughly.
• Debt-to-Income Ratio: Eligibility is also impacted if the debt-to-income ratio is poor. Having more debt than income increases the chances of your application getting declined. Before applying for a credit card, check your debt-to-income ratio first and then apply.
• Multiple Credit Cards: Owning multiple credit cards can impact your eligibility for a credit card. The card issuer rarely issues another credit card to someone who already has 7-8 credit cards.
• Default in Payment: Another factor that impacts the eligibility criteria is the default in payment. If you have unsettled loans or defaulted credit card bill payments, then the chances of your application being declined increase. The default in payments can stay for years in your credit history.
• Multiple Applications: Sending multiple applications in one go can result in the rejection of all the applications. Multiple applications can lead to hard inquiries and it depicts your hunger for credit. It is advisable to send one application at a time.

Improve Your Eligibility for an American Express Credit/Charge Card

There are many ways through which you can improve your credit eligibility; a few of them are as follows:

• Check the age and income eligibility requirements before applying for a credit card. Such a simple step can increase your American Express credit card eligibility.
• Another straightforward way to improve the eligibility requirement is to not send multiple applications in one go. Instead, send one application at a time and wait for the response from the American Express card issuer.
• Build your credit score or credit history by taking up an entry-level or secured credit card in case you are applying for a credit card for the first time.
• It is advisable to clear all your debts or credit card dues before applying for a credit card, as it will help increase the chances of your application getting approved.
• Make sure while applying for a credit card your debt-to-income ratio is in a good standing position. Having more income as compared to debt can help in increasing the eligibility requirement for the Amex credit card.