American Express is an international financial institution providing all sorts of credit and banking facilities for people around the globe. In India, American Express or AmEx is one of the few brands providing cards like charge cards and Forex cards. Not that other Indian Finance Services does not have these cards but AmEx is just one of the very few of them. AmEx also has Credit Cards which individuals keep their eyes on most of the time but they are in limited variety. This means that there are not many variants of AmEx for Indian Customers.
While getting an AmEx Credit Card might be a dream come true for many but in reality, it is not that hard to get. The only thing you will have to do is follow the eligibility criteria and try to check whether you are eligible for it or not. Just like any other bank, AmEx also has eligibility criteria under which they issue credit cards for individuals. The most basic criteria are Age, salary, and Credit Score.
The age criteria mean that the cardholder or applicant must be of 18 years and more to legally hold a credit card.
The Salary or Income part is different from card to card but the minimum starts from 4.5 Lakhs yearly or above for salaried and 6 lakhs and above for self-employed.
Credit Score criteria for AmEx might not be that flexible. To get an AmEx Credit Card, you need to hold a decent credit score of at least 700 which is the minimum requirement for the most basic card by the bank. This credit score comes into effect only if you have no history of payment default in your credit report.
It might look like getting a credit card from such a high-end and international bank is a tough nut to crack but in reality, you just need to fulfill basic requirements. In simpler terms, even if AmEx is a huge name around the world but they also issue credit cards based on the eligibility criteria for every card. As long as you fulfill all the necessary criteria, it is inevitable that you will get a credit card from AmEx. Although the bank might not have a wide variety and range of credit cards even for different categories, the bank is still one of the major banks in the world. There might already be credit cards that suit your lifestyle or there might be new cards coming as well, who knows which will be the best for you?